AUSTIN, Texas - January 20, 2004 - Builder Homesite, Inc., the successful builder industry consortium founded in 2000, has announced that Shea Homes has recently become its newest member. Shea joins a long list of the nation's leading builders, including Pulte Homes, Centex Corporation, KB Home and Lennar Corporation.

Shea Homes, a division of the J.F. Shea Co., is the largest privately held builder in the nation. With a legacy of more than a century, the Shea family of companies' history includes work on such world-renowned landmarks as the Golden Gate Bridge, the Hoover Dam, and San Francisco's Bay Area Rapid Transit ("BART") System. Shea Homes has further enhanced this tradition. Since 1968, they have built homes for more than 52,000 families.

"We are pleased to be part of the Builder Homesite Consortium. We look forward to leveraging NewHomeSource.com's technology as an extension of our websites and customer-centered applications to benefit the customer," said Bert Selva, President of Shea Homes. "NewHomeSource makes it easy for homebuyers to target communities in their search to find the home of their dreams."

NewHomeSource.com, the flagship product of the Builder Homesite consortium, has proven to be an effective and economical marketplace for new home advertising. "As new builders continue to join the consortium, it's evident that we have a successful model for helping customers search for and find the home they want in thousands of communities across the country," said Melissa Morman, Chief Operating Officer at Builder Homesite, Inc. "Shea Homes' rich history and experience in the industry will only increase the strength and effectiveness of the Builder Homesite consortium."

"Builder Homesite has proven that bringing together a dedicated group of homebuilders through the technology of the Internet is a cost-effective way to market our homes," said Bert Selva of Shea Homes.

About Shea Homes

Shea Homes Limited Partnership, is an independent member of the Shea family of companies. Over the past century, members of the Shea family and their companies have accomplished many extraordinary milestones including completing work on the foundation of the landmark Golden Gate Bridge, working on San Francisco Bay Area's Rapid Transit System (BART) and serving as a managing partner for the construction of the Hoover Dam. Yet, Shea Homes' most satisfying achievements continue to revolve around listening to our customer's needs and satisfying those needs by providing an extensive selection of new home floor plans and quality workmanship in the finest neighborhoods and communities available today. For more information please visit the company's website at www.sheahomes.com.

About Builder Homesite, Inc. and NewHomeSource.com

Founded in Austin, TX in 2000 by a consortium of 32 of the nation's largest homebuilders, Builder Homesite, Inc. (BHI) represents over 250,000 new home sales annually. BHI's mission is to offer improved technology and marketing solutions for the new home industry. The first product by Builder Homesite is NewHomeSource.com, a consumer website offering the most comprehensive information and selection of new homes available on the Internet. Because of the extensive distribution network, more and more builders are making BHI their entry point into the Internet. By providing data to New Home Source, builders can also participate in BHI online partner channels, including Yahoo, eBay, CitySearch, Homegain, newspaper and realtor websites.

Press Contacts

Eleanor Bowman
Builder Homesite/New Home Technologies
512.413.5278
ebowman@builderhomesite.com