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BUZZ-UK housebuilders: in the red again

Mon, 12th Jan 2015 10:44

** UK housebuilders under pressure after a trading updatefrom Taylor Wimpey which flags up slowing property market

** TW's update broadly in-line, but co notes lower rate ofprice growth

** Stock busiest stock on FTSE 100, with around 2/3of 90-day daily avg volume already traded, followed by BarrattDevelopments at around 1/3

** Share price falls extend those seen Friday when Jefferiesadded to bearish comments around UK property stocks from brokersas general election year gets underway

** Citi note out Monday broadly positive, with sectorsupported by a divi yield of about 5.7 pct for 2015 - butvaluations looking stretched after strong run in share prices

** Thomson Reuters UK Homebuilding index up25 pct in 2014; Barratt & Persimmon star performers lastyr - both up about 35 pct (RM: tricia.wright1.thomsonreuters.com@reuters.netRM:alasdair.pal.thomsonreuters.com@reuters.net)

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