Membership Increases to Fifteen as Four Top Regional Builders Join New Home Builder Consortium
Austin, Texas – March 8, 2001 Builder Homesite, Inc., the emerging new home technology consortium founded by 10 of the premier US homebuilders to develop web-based solutions for the homebuilding market announced today that Medallion Homes, ranked 123 in the 2000 Builder 400, has signed up as the thirteenth consortium member. The National Association of Home Builders’ Research Center, the U.S. Department of Energy and Professional Builder Magazine recently awarded Medallion Homes Energy Value Housing Award’s “Builder of the Year 2000”.
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 builders home and community assets. The thirteen consortium members represent over $30 billion dollars in gross revenue for 2000 and build over 146,000 homes in thirty states across the continental United States.
“Medallion Homes’ dedication to advancing the home building science supports the goals of the Builder Homesite consortium,” said Jim Bastoni, Medallion Home, President and CEO. “We are a leader at using the Internet as a method for communicating our products and services; we see an exciting future as we leverage the capabilities of the consortium with the advances we are making in building. Medallion’s commitment to technology was recently validated when we were voted as having the ‘Best Builder Website’ in San Antonio.”
“We are excited about the addition of Medallion Homes to the consortium,” said Tim Costello, President and CEO of Builder Homesite. “They are an innovative, well-respected, fast-growing regional builder who is changing the new home market by developing consumer-friendly, energy-efficient products, materials and building practices. ”
New Home Industry
Currently, the new homebuilder marketplace 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 Medallion Homes
Headquartered in San Antonio, Texas, Medallion Homes was founded in 1995 to provide Texas families with exceptional value and unprecedented features in homes that are built with environmentally friendly building practices. Medallion has won over 18 national, state and local awards for innovations, products and services, and are nationally recognized as a leader in the deployment of innovative building science-based homes. Medallion, currently is building in over sixteen communities in the San Antonio metro area.
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