Membership in Builder Sponsored Consortium Now Tops 25
Austin, Texas – April 23, 2001 Builder Homesite, Inc., the emerging builder-founded consortium for the new home market, today announced that Hammonds Homes, ranked 90th in the Builder 100, has signed up as the 25th 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 25 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 about the programs and plans presented by the Builder Homesite consortium,” said Ron Hammonds, CEO of Hammonds Homes. “Hammonds has a long tradition of delivering quality and value to our customers, we also believe that our participation in this consortium, with its powerful cast of players, will ensure our continued leadership in the homebuilding marketplace.”
“Each builder than joins the consortium, brings a unique perspective on the new home building market,” said Tim Costello, President and CEO of Builder Homesite. “Hammonds is a great Texas builder with a very solid reputation for innovation and support. They will play a key role in helping define the products and services that will further transform the new home market.”
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 Hammonds Homes
Founded in 1987, Hammonds Homes strives to be the best of the top builders in Austin, Dallas and Houston, Texas, and ranks in the top 100 home building companies in the nation. Beyond the quality craftsmanship and creative architecture of each home, Hammonds has built a reputation for outstanding customer service, as demonstrated by their motto, “build each home as if it were your own”.
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