BUZZ-Redrow: Founder chops stake

** Redrow -7.3 pct, on track for biggest fall since June 2016 & bottom of FTSE 250

** Chairman and founder Steve Morgan and his charity foundation sells combined 25.9 mln shares via placing at 590p, evenly-split

** Placing leaves founder with 25.5 pct stake and foundation with 7 pct stake

** Shares (Berlin: DI6.BE - news) in housebuilders at large weak, with Tuesday's move coming on the heels of share selling in Berkeley Group by that company's founder and chairman Anthony Pidgley last week -- which also sparked a sector selloff

** Taylor Wimpey (LSE: TW.L - news) -2.1%, second-top faller on FTSE 100 , with Persimmon -1.6% & Barratt Developments 1.4% lower on Tuesday

** In a note on UK Property entitled "Gurus Calling the Top?" Jefferies argues that this is not the top

** "It is our assessment that the UK continues to experience a chronic under supply (or chronically inequitable distribution) of housing. This coupled with an existing homes market in paralysis and the stimulus of Help to Buy, places the UK new build housing market in a very strong position," Jefferies says