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 /zigman2/quotes/203468436/composite ITB -1.16% slumped 2.5% in premarket trading, while futures /zigman2/quotes/209948968/delayed ES00 -0.52% for the S&P 500 /zigman2/quotes/210599714/realtime SPX -0.55% slipped 0.7%. Among some of the more active home builders ahead of the open, shares of Toll Brothers Inc. /zigman2/quotes/201912487/composite TOL -2.33% fell 1.8%, PulteGroup Inc. /zigman2/quotes/201694804/composite PHM -1.82% slid 1.9%, KB Home /zigman2/quotes/206220859/composite KBH -2.90% gave up 0.7%, D.R. Horton Inc. /zigman2/quotes/202032328/composite DHI -0.80% dropped 1.5% and Lennar Corp. /zigman2/quotes/202536373/composite LEN -1.26% slipped 0.7%. Construction of new homes fell 0.2% to an annual pace of 1.72 million in April, compared with expectations of a 1.75 million rate. Building permits fell 3.2% to a 1.82 million rate, in line with expectations. Also in the home builder ETF, shares of Lowe's Cos. /zigman2/quotes/205563664/composite LOW +0.55% declined 3.9% premarket, after the home improvement retailer beat fiscal first-quarter profit expectations but missed on sales. Elsewhere, shares of real estate information company Zillow Group Inc. /zigman2/quotes/204413973/composite Z -2.57% dropped 2.0% premarket.