Consortium Membership Increases to 30
Austin, Texas – June 12, 2001 Builder Homesite, Inc., the emerging builder-founded consortium for the new home market, today announced that Village Homes of Colorado, ranked 75 in the 2000 Builder 100, has signed up as the 30th 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 builder’s home and community assets. The 30 consortium members represent over $40 billion in gross revenue for 2000 and build over 182,000 homes across the continental United States.
“The Internet is changing the way consumers shop for homes and the way builders market their homes,” said Donn D. Eely, president and CIO of Village Homes of Colorado. “Village Homes of Colorado is very enthusastic about the opportunities membership in the BHI consortium has both in terms of new products and industry affiliations.”
“Village Homes is one of the premier builders in the Denver housing market, focusing on ‘green’ construction techniques and ‘wired homes’,” said Tim Costello, President and CEO of Builder Homesite. “We expect they will be an active participant in defining the future tools and products that will be required to complete the digitization of the entire new home lifecycle.”
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 Village Homes of Colorado
Villages Homes was founded in 1984, is the 5th largest builder in Denver Colorado, according to the Denver Business Journal, and is the largest privately owned builder/developer in Colorado. Village Homes is recognized for creating superior communities and a broad range of housing choices with innovative design, quality materials, sound construction practices and environmental awareness. Village Homes has been honored with numerous awards for outstanding product and extraordinary communities, including ColoradoBiz Company of the Year for product innovation.
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