Midcap firms Bellway (BWY.L) and Crest Nicholson (CRST.L) have also pointed to high mortgage rates hampering demand from first-time buyers.
Even a potential revival of the government's 'Help to Buy' scheme, which offered incentives to first-time buyers, will not be enough to improve affordability, analysts have said.
Persimmon (PSN.L), one of Britain's biggest homebuilders heavily exposed to first-time buyers compared to its FTSE 100 peers, has offered new customers a "10 months mortgage free" deal.
Still, the housing sector faces an uncertain path to recovery, given the ultra-elevated mortgage rate levels.
Meanwhile, investors will look out for updates on demand when a couple of high-profile homebuilders report half-year results next month.
Persons:
Barratt, BDEV.L, Nicholson, Steve Turner, Bellway, Peel Hunt, Sam Cullen, housebuilders, Cullen, Persimmon, Rob Perrins, Jeremy Hunt, Aynsley Lammin, Aby Jose Koilparambil, Sweta Singh, Saumyadeb
Organizations:
Berkeley, Reuters, Home Builders Federation, Bank of, Times, Housing, Thomson
Locations:
Berkeley, England, Wales, Bank of England, Bengaluru