The iShares Dow Jones U.S. Home Construction Index Fund fell 4.2% after the National Association of Realtors said pending home sales for April fell to 95.5 from a downwardly revised 101.1 in March

SAN FRANCISCO (MarketWatch)
Home builder stocks dropped Wednesday after a report that pending home sales fell for the first time in four months
The iShares Dow Jones U.S. Home Construction Index Fund fell 4.2% after the National Association of Realtors said pending home sales for April fell to 95.5 from a downwardly revised 101.1 in March
Shares of Lennar Corp. led the charge down falling 6.5%
Standard Pacific Corp. shares shed 6.4%, KB Home shares fell 5.8%, Toll Brothers Inc.  declined 5.5%, and Hovnanian Enterprises Inc. shares fell 4.8%