Homebuilders mostly down after bailout

Homebuilders had urged lawmakers to pass the measure. Builders have seen orders for their new homes plummet, in part, as would-be homebuyers have found it harder to obtain financing.

Shares of Miami-based Lennar Corp. posted the biggest decline in the group, falling $1.74, or 12.5 percent, to $12.15 in afternoon trading.

Toll Brothers Inc., D.R. Horton Inc., Centex Corp., Pulte Homes Inc., Hovnanian Enterprises Inc., and KB Home also saw their shares drop.

Shares of Beazer Homes USA Inc. lost 12 cents, or 2 percent, to $5.79.

Horsham, Pa.-based luxury builder Toll Brothers Inc.'s shares fell $1.43, or 6 percent, to $22.34 in afternoon trading.

Shares of Fort Worth, Texas-based DR Horton Inc. fell 77 cents, or 6.4 percent, to $11.31, while Dallas-based Centex's shares fell $1.02, or more than 6 percent, to $15.

Bloomfield Hills, Mich.-based Pulte Homes Inc. shares fell 62 cents, or 4.4 percent, to $13.44.

Shares of Los Angeles-based KB Home fell 73 cents, or about 3.7 percent, to $19.17.

Red Bank, N.J.-based Hovnanian Enterprises's shares fell 45 cents, or 6.2 percent, to $6.80.