Engineering turnaround specialist Melrose fell 7.8 percent, the top decliner on the FTSE 100 index, after warning of challenging market conditions and saying sales growth in 2014 would not be easy to achieve.
After the Credit Suisse note, stocks in Bellway, Taylor Wimpey and Persimmon fell 2 to 3 percent - on the same day Barratt Developments won promotion to the FTSE 100 and Bovis Homes, which have gained about 30 percent and 15 percent respectively this ...
Based on Friday's market values, Barratt Developments is also likely to join the FTSE 100 at this week's review. Shares in the homebuilder, like others in the sector, have been carried higher by Britain's housing market boom.
The FTSE 100 rose 14.4 percent in 2013 to post its best annual gain since 2009, but is down by 0.4 percent since the start of 2014 after global equity markets fell in January due to concerns over a slump in emerging markets economies.