BUZZ-UK housebuilders: interest rate fears take froth off sector

** Interest rate rise fears see UK housebuilders retreatfrom lofty levels as sector also comes into focus on day ofPersimmon's FY results

** Thomson Reuters UK Homebuilding index hit record on Monday

** Persimmon top FTSE 100 faller, down 4.2 pct, withfellow blue-chip Taylor Wimpey 2.7 pct lower; amongmidcaps, Bovis Homes, Bellway & Redrow all down over 2 pct

** British inflation pressures could pick up quickly & otherfactors could also mean an interest rate hike is needed "in thenear future", a BoE policymaker said Tuesday, with oneLondon-based trader partly blaming comments for sector weakness

** Persimmon posts broadly in line underlying pretax profit & says will pay out 95p/share to investors in April rather thanJuly

** Liberum note disappointment more of a capital return notbeing advanced & say better value elsewhere in sector

** Investors drawn to housebuilders' impressive cash returnsin low-return world driven by robust demand

** Numis points to Bellway as alternative (Dec 2015P/NTAV 1.35x, PE 8x and yield 4.2% which is 3x covered) vsPersimmon (Dec 2015 P/NTAV of 2.44x, 11.4x PE and a yield of5.7%) (RM:tricia.wright1@thomsonreuters.com@reuters.netRM:sudip.kargupta@thomsonreuters.com@reuters.net)