UPDATE 2-UK housing market steadies after Brexit dip, Persimmon says

* Some buyers pulled out of deals after Brexit vote - CEO

* On track to meet FY estimates, will make promised payouts

* May stop buying land to conserve cash if market slumps

* Shares down 4.6 pct as sector hit by more Brexit fallout (Adds CEO, analyst comments, share movement)

By Esha Vaish

July 5 (Reuters) - Britain's housing market has steadiedafter some deal cancellations immediately after the countryvoted to leave the European Union, housebuilder Persimmon said on Tuesday.

Chief Executive Jeff Fairburn said it was too early to judgethe impact of the June 23 "Brexit" decision, but his company'sfocus on lower priced deals involving first-time buyers andfirst-time movers made it well placed to cope with any turmoil.

"There is some uncertainty among people about what'shappened and that's natural, but we've not seen that translateto any significant change in our trading," he told Reuters.

Britain's top housebuilders, including Taylor Wimpey,Barratt and Berkeley as well as Persimmon, sawa combined 8 billion pounds ($11 billion) wiped off their marketvalue following the Brexit vote.

Although the stocks have seen some recovery since, they arestill trading below their pre-referendum levels, with confidencerattled by the first suspension of a UK property fund since2008, multiple analyst downgrades of the sector and governmentwarnings over a possible fall in house prices.

At 0900 GMT, Persimmon shares were down 4.6 percent at 1,369pence, despite the company posting a 12 percent rise infirst-half revenue and saying it was on track to meet analysts'consensus revenue and profit forecasts for the full fiscal year.

Hargreaves Lansdown analyst Laith Khalaf said investors werelikely to "push the sell button first, and ask questions later"until a clearer picture of the housing market emerged.

Retirement home builder McCarthy & Stone said lastweek uncertain market conditions could affect its ability tomeet its full-year sales volume target, while London-focusedestate agent Foxtons said its earnings could fall.

Analysts said Persimmon was in a good position to cope withany turbulence, with a strong land bank and forward orders of1.36 billion pounds ($1.79 billion) as of June 30.

It also has a further 5.50 pounds per share to return toinvestors under a previously announced scheme running until2021, which Fairburn said remained on track.

Liberum analyst Charlie Campbell wrote in a note that thecompany's dividend yield should "at least" support its shares.

Persimmon said legal completions rose 6 percent to 7,238units in the six months to June 30, adding it had "good levels"of sales in May and June.

When asked what the company would do if Brexit led to arecession, as some economists have warned, Fairburn said itcould stop buying land and instead conserve cash.

($1 = 0.7602 pounds) (Editing by Jason Neely and Mark Potter)