Consortium Membership Increases to 28
AUSTIN, Texas – May 10, 2001 Builder Homesite, Inc., the emerging builder-founded consortium for the new home market, today announced Perry Homes ranked 47th in the Builder 100, has signed up as the 28th 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 28 consortium members represent over $38 billion in gross revenue for 2000 and build over 179,000 homes across the continental United States.
“Perry Homes is looking forward to being part of this effort,” said Bob Perry, CEO of Perry Homes. “As a member of the Builder Homesite consortium we see a resource that will allow us to effectively leverage online technologies. We think this will provide us with the ability to expand our role in the home building community.”
“We are seeing incredible interest in the consortium,” said Tim Costello, President and CEO of Builder Homesite. “Bringing the top builders together to create a new e-market that will benefit all the participants is a very exciting project. Perry Homes is a powerful regional builder and their focus on quality, customer satisfaction and innovation is a great 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 Perry Homes
Perry Homes has been building homes for over 25 years in Houston, Dallas, Fort Worth, San Antonio and McAllen, Texas. Perry Homes builds on a strong foundation of quality with a reputation for customer service, versatile design, excellent locations, and undeniable value. With this uncompromising commitment to quality, Perry Homes has become one the largest and most respected builders in Texas.
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