Consortium Membership Increases to 30

Austin, Texas – June 12, 2001 Builder Homesite, Inc., the emerging builder-founded consortium for the new home market, today announced that John Wieland Homes & Neighborhoods, ranked 62 in the 2000 Builder 100, has signed up as the 31st consortium member.

Builder Homesite 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. BHI products are being designed to provide consortium members with the benefits of new sources of revenue from an open, un-biased new home channel, reduced technology acquisition costs and the monetization of each builder’s home and community assets. The 30 consortium members represent over $41 billion in gross revenue for 2000 and build over 184,000 homes across the continental United States.

“We are excited about the home building market transformation being developed by Builder Homesite and the consortium,” said Terry Russell, President of John Wieland Homes & Neighborhoods. “We believe that Wieland Homes can play a key role in and benefit from all the activities of the consortium.”

“Each builder joining the consortium, bring an unique perspective on homebuilding and the advances it will take to revolutionize the new home market,” said Tim Costello, President and CEO of Builder HomeSite. “Wieland Homes has built a solid reputation for customer satisfaction. We expect they will be an active participant in defining the future tools and products that will be required to complete the digitization of the entire new home lifecycle.”

New Home Industry

Currently, the new home market is estimated to be a $230 billion market in the United States. PaineWebber’s eBuilder Report states that builders effectively using the Internet could see profits per-home improving by up to 30% in the next ten years. Consumer use of the Internet during the home selection process is increasing–research studies show that 62% of all new homebuyers already use the web for sources 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.

About John Wieland Homes & Neighborhoods

Since 1970, John Wieland has been designing award-winning homes and neighborhoods across the Southeast. A strong commitment to customer satisfaction and total quality has earned the company more than 375 awards for excellence including the “National Builder of the Year” and “National Housing Quality Award”. John Wieland Homes & Neighborhoods is currently building in 62 neighborhoods throughout the Southeast, with 1244 closings and revenues of $439 million last year making them the Southeasts leading builder of move-up homes. For more information on John Wieland Homes & Neighborhoods, call 770-996-6065 or visit jwhomes.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 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
  (512) 413-5278