Builders show confidence in consortium’s ongoing success
AUSTIN, Texas – September 25, 2003 – Builder Homesite, Inc., the consortium of America’s top home builders, today announced a 99% renewal rate for their flagship product NewHomeSource.com. This announcement, coming months before the renewal cycle is complete, is another signal of the strong success of the consortium.
“When industry leaders come together, great things can happen,” said Builder Homesite CEO Tim Costello. “By renewing their contracts for another two years, our consortium members have given us a strong vote of confidence. Not only is the consortium model working, but NewHomeSource.com has proven itself as a high-value, affordable online marketing tool.”
Proven track record
Launched in July of 2001, NewHomeSource.com is under constant review and revision to provide maximum value and performance for all builders. Many of the improvements have been a direct result of input from consortium members who participate in frequent strategy and feedback sessions.
“The continuous site improvements, world-class customer service, and high-value/low-cost leads all played a big role in our decision to renew our contract,” explained Tim Eller, President/COO of Centex Corporation.
Committed to the future
The early renewal by consortium members demonstrates their long-term commitment to both the consortium and NewHomeSource.com. “The strong performance and lead rate of NewHomeSource.com are a testament to the power of the Builder Homesite consortium, explained Builder Homesite board member David Weekley, CEO of David Weekley Homes. “Our contract renewal rate is tangible proof of our success.”
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 225,000 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.
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