Capital Pacific Holdings Joins Builder Homesite Consortium; Membership in Builder Sponsored Consortium Soars to 24

Apr 23, 2001, 01:00 ET from Builder Homesite, Inc.

    AUSTIN, Texas, April 23 /PRNewswire Interactive News Release/ -- Builder
 Homesite, Inc., the emerging builder-founded consortium for the new home
 market, today announced that Capital Pacific Holdings, Inc. (Amex:   CPH),
 ranked 48th in the Builder 400 2001 Housing's Giants by Professional Builder,
 has signed up as the 24th 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 24 consortium members represent over $37 billion in
 gross revenue for 2000 and build over 174,000 homes across the continental
 United States.
     "We look forward to participating in consortium activities," said Hadi
 Makarechian, Chairman and CEO, Capital Pacific Holdings.  "We know the
 Internet is changing the way people shop for homes.  Our participation in the
 consortium is right on track with our long-term Internet strategy."
     "It is a true measure of the value Builder Homesite provides when a
 builder with the stature of Capital Pacific joins the consortium," said Tim
 Costello, President and CEO of Builder Homesite.  "They have one of the best
 reputations for customer satisfaction in the industry and we look forward to
 their active participation in defining the future tools and products that will
 be required to complete the digitization of 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 Capital Pacific Holdings, Inc.
     Capital Pacific Holdings, Inc. is a Newport Beach-based real estate
 investment and development company with operations in California, Nevada,
 Colorado, Arizona and Texas.  Capital Pacific Homes and Clark Wilson Homes,
 CPH's homebuilding arms, develop new tract and semi-custom homes and have
 established themselves as one of the nation's top builders of entry level,
 luxury and semi-custom homes.
 
     About Builder Homesite
     Founded in the spring of 2000, Builder Homesite is funded by the following
 top national builders: American Heritage Homes, Beazer Homes USA, Inc.
 (NYSE:   BZH), Capital Pacific Holdings (Amex:   CPH), Centex Corporation
 (NYSE:   CTX), D.R. Horton, Inc. (NYSE:   DHI), David Weekley Homes, Del Webb
 (NYSE:   WBB), The Drees Company, Gateway Homes, Highland Homes, Hovnanian
 Enterprises, Inc., KB Home (NYSE:   KBH), Lennar Corporation (NYSE:   LEN), M.D.C.
 Holdings (NYSE:   MDC), Medallion Homes, Morrison Homes, Orleans Homebuilders
 (Amex:   OHB), Pulte Homes (NYSE:   PHM), Ryan Building Group, The Ryland Group,
 Inc. (NYSE:   RYL), Schuler Homes, Inc. (Nasdaq: SHLR), Sivage Thomas Homes,
 Toll Brothers (NYSE:   TOL) and Weyerhaeuser Real Estate (NYSE:   WY).  Builder
 Homesite will serve the interests of new homebuilders by providing products,
 tools and services that make finding, owning and living in a new home easier,
 simpler and more convenient.  The company is headquartered in Austin, Texas.
 
      Editorial Contacts:
      Builder Homesite, Inc.             Capital Pacific Holdings
      Mary Browning                      Stewart Cline
      (512) 651-8812                     (949) 622-8400
      mbrowning@builderhomesite.com      steve.spelman@cph-inc.com
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X42904038
 
 

SOURCE Builder Homesite, Inc.
    AUSTIN, Texas, April 23 /PRNewswire Interactive News Release/ -- Builder
 Homesite, Inc., the emerging builder-founded consortium for the new home
 market, today announced that Capital Pacific Holdings, Inc. (Amex:   CPH),
 ranked 48th in the Builder 400 2001 Housing's Giants by Professional Builder,
 has signed up as the 24th 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 24 consortium members represent over $37 billion in
 gross revenue for 2000 and build over 174,000 homes across the continental
 United States.
     "We look forward to participating in consortium activities," said Hadi
 Makarechian, Chairman and CEO, Capital Pacific Holdings.  "We know the
 Internet is changing the way people shop for homes.  Our participation in the
 consortium is right on track with our long-term Internet strategy."
     "It is a true measure of the value Builder Homesite provides when a
 builder with the stature of Capital Pacific joins the consortium," said Tim
 Costello, President and CEO of Builder Homesite.  "They have one of the best
 reputations for customer satisfaction in the industry and we look forward to
 their active participation in defining the future tools and products that will
 be required to complete the digitization of 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 Capital Pacific Holdings, Inc.
     Capital Pacific Holdings, Inc. is a Newport Beach-based real estate
 investment and development company with operations in California, Nevada,
 Colorado, Arizona and Texas.  Capital Pacific Homes and Clark Wilson Homes,
 CPH's homebuilding arms, develop new tract and semi-custom homes and have
 established themselves as one of the nation's top builders of entry level,
 luxury and semi-custom homes.
 
     About Builder Homesite
     Founded in the spring of 2000, Builder Homesite is funded by the following
 top national builders: American Heritage Homes, Beazer Homes USA, Inc.
 (NYSE:   BZH), Capital Pacific Holdings (Amex:   CPH), Centex Corporation
 (NYSE:   CTX), D.R. Horton, Inc. (NYSE:   DHI), David Weekley Homes, Del Webb
 (NYSE:   WBB), The Drees Company, Gateway Homes, Highland Homes, Hovnanian
 Enterprises, Inc., KB Home (NYSE:   KBH), Lennar Corporation (NYSE:   LEN), M.D.C.
 Holdings (NYSE:   MDC), Medallion Homes, Morrison Homes, Orleans Homebuilders
 (Amex:   OHB), Pulte Homes (NYSE:   PHM), Ryan Building Group, The Ryland Group,
 Inc. (NYSE:   RYL), Schuler Homes, Inc. (Nasdaq: SHLR), Sivage Thomas Homes,
 Toll Brothers (NYSE:   TOL) and Weyerhaeuser Real Estate (NYSE:   WY).  Builder
 Homesite will serve the interests of new homebuilders by providing products,
 tools and services that make finding, owning and living in a new home easier,
 simpler and more convenient.  The company is headquartered in Austin, Texas.
 
      Editorial Contacts:
      Builder Homesite, Inc.             Capital Pacific Holdings
      Mary Browning                      Stewart Cline
      (512) 651-8812                     (949) 622-8400
      mbrowning@builderhomesite.com      steve.spelman@cph-inc.com
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X42904038
 
 SOURCE  Builder Homesite, Inc.

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