Consortium represents 26 of the top US Home Builders
AUSTIN, Texas – May 8, 2001 Builder Homesite, Inc., the emerging builder-founded consortium for the new home market, today announced that Neumann Homes, ranked 98th in the Builder 100, has signed up as the 26th 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, unbiased new home channel, reduced technology acquisition costs and the monetization of each builder’s home and community assets. The 26 consortium members represent over $37 billion in gross revenue for 2000 and build over 175,000 homes across the continental United States.
“We are very excited to be a part of Builder Homesite and to be associated with these leaders in the new home marketplace,” said Kenneth Neumann, CEO of Neumann Homes. “We know the Internet is changing our market. Consumers that contact Neumann Team Members after using the web are better prepared and more motivated to purchase a new home than random walk-in traffic. We believe Neumann can both play a key role in and benefit from all the activities of the consortium.”
“Each of the builders that join the consortium, bring a unique perspective on homebuilding and the technologies that it will take to revolutionize the market,” said Tim Costello, President and CEO of Builder Homesite. “Bringing the top builders together to create a new e-market is a very exciting project. Neumann is an important regional builder and their focus on customer satisfaction is a good fit with the direction the consortium is taking.”
New Home Industry
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 closing annually. The members of the Builder Homesite consortium dominate this list and are responsible for over 50% of the homes built by the top 200 builders 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 home buyers 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 Neumann Homes
Neumann Homes was founded over fifteen years ago with the goal of delivering total customer satisfaction to all of their homeowners. Quality craftsmanship, attention to detail and exceptional levels of service are hallmarks of a Neumann Home. In 1998 and 1999 this philosophy was nationally recognized when Neumann was awarded the prestigious National Housing Quality Gold and America’s Best Builder awards. Neumann Homes has also been recognized by Inc. Magazine as one of the 500 fastest growing, privately held companies in the United States. Neumann is currently building the NeuWay in and around the Chicago, Illinois 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.
If you are a member of the media and have a question or interview request, please contact:
- Eleanor Bowman