An update from Barratt Developments PLC (LSE:BDEV) comes after housebuilding rival Persimmon's hints of green shoots gave a lift to the sector.
"Market conditions have continued to improve modestly over the last couple of months, although still well down on 2022 levels," said analyst Clyde Lewis at Peel Hunt.
"Investors are likely to be focused on further commentary around prices (stable or not), build costs (easing or not), and whether the land market is starting to see lower prices."
The government has had some of its support removed from the government and it remains to be seen whether this is just short term ahead of the May council elections or if this stance is set in stone up to the next general election, Lewis said.
Barratt shares are up 25% in the year to date, ahead of the 19% sector rally and comfortably better than the market’s 5% gain.
Lewis said he continues to believe Barratt "does not look expensive", trading on a just over one times tangible net asset value.