Ten More Builders Join Consortium — Membership Tops Twenty Five
Austin, Texas – April 23, 2001 Builder Homesite, Inc., the emerging builder-founded consortium for the new home market, today announced that 25 of the top US homebuilders are now members of the consortium. The 25 consortium members represent over $37 billion in gross revenue for 2000 and build over 175,000 homes across the continental United States.
The 10 newest members to join the consortium are Del Webb Corporation, which builds in Arizona, Nevada, California, South Carolina, Texas, Florida and Illinois; Schuler Homes, which recently merged with Western Pacific to create a new addition in the top fifteen builders list and builds in the Pacific Northwest, Colorado, Arizona and Hawaii; Weyerhaeuser Real Estate Company, which builds moderate-to-medium-priced homes across the US; Morrison Homes, which builds in 10 regions across the south; The Drees Company, which builds throughout Ohio, Kentucky, North Carolina, Texas and Washington DC; Capital Pacific Holdings, which builds throughout the Southwest and Texas; American Heritage, which builds in Florida; Orleans Homebuilders, which builds in the Philadelphia metropolitan area; Hammonds Homes, which builds in Texas and Sivage Thomas Homes, which builds in New Mexico and Arizona.
According to Hanley Woods 2000 Builder 400 Report, the top 200 builders in the United States are responsible for over $56 billion dollars in revenue (Single Family Detached Homes) with over 320,000 closings annually. The members of the Builder Homesite consortium dominate this list and build for over 50% of the homes constructed by the top 200 builders in the United States.
“To understand the value and power of the consortium, you just need to look at the impact on the local economy that is associated with our builders. According to the NAHB (National Association of Home Builders), every 1,000 single-family homes that are built generate 2,448 full-time jobs in construction and construction-related industries,” said Tim Costello, President and CEO of Builder Homesite. “The consortium members build over 175,000 homes annually. As we define to the products and services that will increase production, quality and consumer satisfaction, the impact will be tremendous.”
Consortium members also include Pulte Homes, KB Home, DR Horton, Inc., Centex Corporation, Lennar Corporation, The Ryland Group, Inc., Beazer Homes USA, Inc., M.D.C. Holdings, Hovnanian Enterprises, Inc., Toll Brothers, David Weekley Homes, Highland Homes, Ryan Building Group, Gateway Homes, Medallion Homes.
“The home building market is dominated by many of the builders that have joined the BHI consortium,” said Tim Costello, President and CEO of Builder Homesite. “These twenty-five builders catapult the consortium into the forefront of the residential real estate market. By combining the knowledge and market strength of the builders with the technology & product development savvy of our company, we have created a formidable force in the new home market.”
Builder Homesite is funded, 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, unbiased, new home channel, reduced technology acquisition costs and the monetization of each builder’s home and community assets.
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