Housebuilders Taylor Wimpey and Berkeley have expressed caution over the uncertain housing market in recent statements to the City. <br> <br> “There are still residual imbalances from the financial downturn which will continue to affect the wider economy and the sector,” Berkeley warned. In its final results for the year ending April 30 2010, the company posted a fall of 8.4% in pre-tax profit (£110.3 million). This was blamed on a change in property mix which had resulted in average prices falling from £395,000 to £263,000. <br> <br> Taylor Wimpey, meanwhile, says it is focusing on improving prices rather than increasing volumes and is taking a “cautious” approach to its business in the short term against a backdrop of political and economic uncertainty. In the medium term, the changing planning system is a concern, the firm says. <br> <br> The housebuilder said it expected to complete around 4,650 homes in the first half of the year.