Limited feedback signaling for spatially correlated broadcast channels employing linear beamforming is considered. Towards the goal of a systematic limited feedback codebook construction, we first study the performance of a pessimistic, but tractable statistical linear beamforming design. Leveraging the structure of the density function of weighted norms of isotropically distributed beamforming vectors, we establish the structure of the optimal statistical beamforming vectors. This optimal beamforming vector is the solution to a generalized distance maximization problem. Based on this intuition and building on single-user feedback design, we develop codebooks that significantly and consistently outperform naive RVQ codebooks (designed for i.i.d. channels) for the practically relevant small feedback bit regime.