David Weekley Homes Joins New Home Consortium

by David Weekley Homes

Builder Homesite, Inc., founded by ten of the premier US Home Builders to develop web-based solutions for the homebuilding marketplace, announced today that David Weekley Homes, ranked 26th by the 2000 Builder 100 and listed as a Forbes magazine top 500 private company, signed as the eleventh consortium member.

Builder Homesite's products are being designed to provide consortium members with the benefits of new sources of revenue, open and un-biased distribution channels that promotes each builder member fairly, reductions in technology cost with the centralization of best practices in the industry and improved customer satisfaction. Additionally, the power of the consortium strengthens the industry for partnerships and revenue sharing opportunities.

Industry-sponsored marketplaces are leading the way into the new cyber frontier, according to a recent study by Jupiter Research. Currently, the Home Builder industry has been viewed as a $230 billion market in the United States. Consumer demand for technology during the homeownership process is evident in research studies that show that 62% of all new homebuyers already use the Internet for a source 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.

"David Weekley Homes is a great addition to the Builder Homesite consortium that continues to grow," said Tim Costello, President and CEO of Builder Homesite. "We're thrilled they've joined and are already collaborating on our vision to develop tools, products, and consumer facing Internet sites along the entire new home lifecycle."

"We are excited to come together with other major builders in our industry to establish and control our own Internet portal," said David Weekley, Chairman of David Weekley Homes.

Builder Homesite, Inc. is backed, endorsed, and driven by a consortium of the nation's premier Home Builders and focused on improving the home selection, buying, and ownership experience through the use of online technologies.

About David Weekley Homes
David Weekley Homes, founded in 1976, builds in 18 cities from Colorado to the Carolinas and is the third largest privately held builder in America. The company was named one of the Top 100 Companies to work for in Fortune Magazine in 1999, 2000 and 2001, and have received the following awards: National Builder of the Year, America's Best Builder, and the National Housing Quality Award.

About Builder Homesite  New Home Source
Founded in the spring of 2000, Builder Homesite is funded by the following top national builders; Centex Corporation (NYSE: CTX), D.R. Horton, Inc. (NYSE: DHI), KB Home (NYSE: KBH), Lennar (NYSE: LEN), Pulte Corporation (NYSE: PHM), Beazer USA, Inc. (NYSE: BZH), Hovnanian Enterprises, Inc. (ASE: HOV), M.D.C. Holdings (NYSE: MDC), The Ryland Group, Inc. (NYSE: RYL), and Toll Brothers (NYSE: TOL). The executive staff of Builder Homesite has extensive expertise in information technology, the Internet, customer service and operational management and is headquartered in Austin, Texas.

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