BUZZ-UK housebuilders: risk of higher interest rates hits sector
** UK housebuilders take a bruising as BoE Governor Mark Carney reiterates that the time for an interest rate hike moving closer
** Taylor Wimpey (Other OTC: TWODF - news) top FTSE 100 (NasdaqGS: Z - news) faller, down 3.3%, followed by Barratt Developments (LSE: BDEV.L - news) , down 2.9%, then Persimmon 2.5% weaker. Among midcaps, Bellway 3.8% lower, Bovis Homes (LSE: BVS.L - news) down 3.3% & Berkeley down 2.8%
** Profit-taking at work on Tuesday; housebuilders were hit last week when UK chancellor George Osborne said in Budget govt would tighten non-dom tax rules, but had since rallied back up towards all-time highs
(RM: tricia.wright1.thomsonreuters.com@reuters.net)