The area near Eastfield Road is the final plot needed by Bovis Homes.
BBC: Stanton Cross homes plan: Council could force land sale
House builders were also hit, with companies like Persimmon, Taylor Wimpey, Bovis Homes and Berkeley Group falling around 6% and more.
According to the council, negotiations between Bovis Homes Ltd and Wellmere Ltd, the owner of the remaining access land, had stalled.
BBC: Stanton Cross homes plan: Council could force land sale
Finally, look for an anticipated drop in social housing expenditure to affect adversely U.K. home builders such as Bovis and Taylor Wimpey.
NewBuy is backed by the Home Builders' Federation (HBF) and the Council of Mortgage Lenders and seven construction firms - Barratt, Bellway, Bovis, Linden Homes.
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Bovis Homes Ltd has already secured the land required for three other access points, having acquired land from Whitworths, the borough council and land owned by Network Rail.
BBC: Stanton Cross homes plan: Council could force land sale
"After another year of substantial land investment in 2012, the group expects to deliver a strong increase in active sales outlets in 2013, " said David Ritchie, Bovis chief executive.
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Hundreds of housebuilding job cuts across the UK have previously been announced by Bovis Homes, Redrow, Taylor Wimpey and Persimmon as firms outline efforts to combat the property slump.
Alfred Buller, of Wellmere Ltd, said an agreement with Bovis was close to being made but the council recommended a compulsory order was put in place in case an agreement was not reached quickly.
BBC: Stanton Cross homes plan: Council could force land sale
Councillor Paul Bell, who chairs the resources committee and is also leader of the council, supported the idea of the council using its powers to force developers Wellmere Ltd to sell the land to Bovis Homes.
BBC: Stanton Cross homes plan: Council could force land sale
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