2001Austin, Texas – March 29, 2001 Builder Homesite, Inc., the emerging builder-founded consortium for the new home market, today announced that Sivage Thomas Homes, ranked 101 in the 2000 Builder 100, has signed up as the sixteenth 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 builders home and community assets. The sixteen consortium members represent over $31.6 in gross revenue for 2000 and build over 150,100 homes across the continental United States.
“We are excited to be part of the Builder Homesite consortium and to be associated with these leaders in the new home marketplace,” said Gerard Sanchez, CFO of Sivage Thomas Homes. “We believe that Sivage Thomas Homes can play a key role in and benefit from all the activities of the consortium.”
“Each builder that joins the consortium, brings a unique prospective on homebuilding and the advances it will take to revolutionize the new home market,” said Tim Costello, President and CEO of Builder Homesite. “Sivage Thomas Homes has built a solid reputation for customer satisfaction and they will play a key role in helping define the ‘customer for life’ products and services 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 Sivage Thomas Homes
The Sivage Thomas history goes back over thirty years when Dave and Ella Sivage began building new homes in New Mexico. Since then Sivage Thomas quality has become a tradition throughout the Southwest, with over 5,000 families now calling Sivage Thomas “home”. A tradition whose success is founded on the selection of preferred locations, attentive professional neighborhood planning, superior construction quality, exceptional customer service and unequalled new home value. Sivage Thomas is also a “Diamond Builder” award winner for excellence in customer satisfaction and Builder Magazine’s “1999 America’s Best Builder” award winner.
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