Membership Increases to Fifteen as Four Top Regional Builders Join New Home Builder Consortium
Austin, Texas – March 8, 2001 Builder Homesite, Inc., the emerging builder-founded consortium for the new home market, today announced that Ryan Building Group, ranked 105 in the 2000 Builder 400, has signed up as the fourteenth consortium member.
Builder Homesite is backed, endorsed and driven by a consortium of the nation’s 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 fourteen consortium members represent over $30 billion dollars in gross revenue for 2000 and build over 147,000 homes in 30 states across the continental US.
“It is very clear to us that homebuilders and homebuyers are going to be major beneficiaries of the Builder Homesite consortiums activities,” said William J. Ryan, CEO of Ryan Building Group. “Ryan Building Group has a long tradition of delivering quality and value to the consumer, we also believe that the Internet can provide a significant advantage to homebuilders that can leverage and exploit its power. We also believe that participating in this consortium, with its powerful cast of players, provides us with a significant long term competitive advantage.”
Each of the builders that joins the consortium, brings a unique prospective on homebuilding and the technological advances that it will take to revolutionize this market,” said Tim Costello, President and CEO of Builder Homesite. “Ryan Building Group has a built a solid reputation for very high customer satisfaction and they will play a key role in helping define the ‘customer for life’ products and services for that will further transform the new home market.”
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 Ryan Building Group
Ryan Building Group, a family-owned, family-operated founded in 1992, is committed to providing value and quality homes to families in the Midwest. Ryan Building Group builds in Illinois and Wisconsin as William Ryan Homes, and in Ohio as Williamsburg Homes.
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