Builder Homesite, Inc. Premier List of Consortium Members Include Beazer, Centex, Lennar, KB Home, Toll Brothers, M.D.C. Holdings, Pulte, D.R. Horton, Ryland, and Hovnanian

AUSTIN, Texas – February 8, 2001 Builder Homesite, Inc., founded by ten of the premier US homebuilders to develop web-based solutions for the homebuilding marketplace, announced today that David Weekley Homes, ranked 26th by the 2000 Builder 100 and listed as a Forbes magazine top 500 private company, signed as the eleventh consortium member.

Builder Homesite’s products are being designed to provide consortium members with the benefits of new sources of revenue, open and un-biased distribution channels that promotes each builder member fairly, reductions in technology cost with the centralization of best practices in the industry and improved customer satisfaction. Additionally, the power of the consortium strengthens the industry for partnerships and revenue sharing opportunities.

Industry-sponsored marketplaces are leading the way into the new cyber frontier, according to a recent study by Jupiter Research. Currently, the homebuilder industry has been viewed as a $230 billion market in the United States. Consumer demand for technology during the homeownership process is evident in research studies that show that 62% of all new homebuyers already use the Internet for a source of information and service. Other research has revealed that over 85% of consumers will use or plan to use the Internet to shop for homes in the next two years.

“David Weekley Homes is a great addition to the Builder Homesite consortium that continues to grow,” said Tim Costello, President and CEO of Builder Homesite. “We’re thrilled they’ve joined and are already collaborating on our vision to develop tools, products, and consumer facing Internet sites along the entire new home lifecycle.”

“We are excited to come together with other major builders in our industry to establish and control our own Internet portal,” said David Weekley, Chairman of David Weekley Homes.

Builder Homesite, Inc. is backed, endorsed, and driven by a consortium of the nation’s premier homebuilders and focused on improving the home selection, buying, and ownership experience through the use of online technologies.

About David Weekley Homes

David Weekley Homes, founded in 1976, builds in 14 cities from Colorado to the Carolinas and is the second largest privately held builder in America. The company was named one of the Top 100 Companies to work for in Fortune Magazine in 1999 and 2000, and have received the following awards: National Builder of the Year, America’s Best Builder, and the National Housing Quality Award.

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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• Eleanor Bowman
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