Home builder stocks fall after data showing new construction slowed

Shares of home builders traded broadly lower in premarket trading Wednesday, following disappointing government data on April housing starts and building permits. The iShares U.S. Home Construction ETF slumped 2.5% in premarket trading, while futures for the S&P 500 slipped 0.7%. Among some of the more active home builders ahead of the open, shares of Toll Brothers Inc. fell 1.8%, PulteGroup Inc. slid 1.9%, KB Home gave up 0.7%, D.R. Horton Inc. dropped 1.5% and Lennar Corp. slipped 0.7%. Constr