Orleans Homebuilders, Inc. Nineteenth Builder to Join Builder Homesite Consortium

Apr 04, 2001, 01:00 ET from Builder Homesite, Inc.

    AUSTIN, Texas, April 4 /PRNewswire/ -- Builder Homesite, Inc., the
 emerging builder-founded consortium for the new home market, today announced
 that Orleans Homebuilders, Inc, ranked 80th in the Builder 100, has signed up
 as the nineteenth 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 nineteen consortium members represent over $33 billion
 in gross revenue for 2000 and build over 158,000 homes across the continental
 United States.
     "We are exited about the home building market transformation being
 developed by the Builder Homesite consortium," said Linda Kelley, VP Sales and
 Marketing for Orleans Homebuilders, Inc.  "We are a leader in using the
 Internet as a method for communicating our products and believe that it
 provides a significant competitive advantage to homebuilders.  The
 capabilities of the consortium should have a tremendous impact on the
 homebuilding industry."
     "Each builder that joins the consortium, brings a unique perspective on
 homebuilding and the advances it will take to revolutionize the new home
 market," said Tim Costello, President and CEO of Builder Homesite.  "Orleans
 Homebuilders has built a solid reputation for customer satisfaction and they
 will play a key role in helping define the 'customer for life' products and
 services that will further transform the new home market."
 
     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 Orleans Homebuilders, Inc.
     Orleans Homebuilders, Inc. is a leading builder of residential communities
 in the Philadelphia Metropolitan area.  The company builds condominiums,
 townhouses and single family homes.  Orleans Homebuilders is a public company
 listed on the American Stock Exchange under the symbol "OHB".  The company is
 actively developing over 26 communities in Pennsylvania and New Jersey.
 
     About Builder Homesite
     Founded in the spring of 2000, Builder Homesite is funded by the following
 top national builders: Beazer Homes USA, Inc. (NYSE:   BZH), Centex Corporation
 (NYSE:   CTX), D.R. Horton, Inc. (NYSE:   DHI), David Weekley Homes, Gateway
 Homes, Highland Homes, Hovnanian Enterprises, Inc., KB Home (NYSE:   KBH),
 Lennar Corporation (NYSE:   LEN), M.D.C. Holdings (NYSE:   MDC), Medallion Homes,
 Orleans Homebuilders (Amex:   OHB), Pulte Homes (NYSE:   PHM), Ryan Building
 Group, The Ryland Group, Inc. (NYSE:   RYL), 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.           Orleans Homebuilders, Inc
      Mary Browning                    Linda Kelley
      (512) 651-8812                   VP, Sales and Marketing
      mbrowning@builderhomesite.com    (215) 245-7500 Ext 1119
 
 

SOURCE Builder Homesite, Inc.
    AUSTIN, Texas, April 4 /PRNewswire/ -- Builder Homesite, Inc., the
 emerging builder-founded consortium for the new home market, today announced
 that Orleans Homebuilders, Inc, ranked 80th in the Builder 100, has signed up
 as the nineteenth 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 nineteen consortium members represent over $33 billion
 in gross revenue for 2000 and build over 158,000 homes across the continental
 United States.
     "We are exited about the home building market transformation being
 developed by the Builder Homesite consortium," said Linda Kelley, VP Sales and
 Marketing for Orleans Homebuilders, Inc.  "We are a leader in using the
 Internet as a method for communicating our products and believe that it
 provides a significant competitive advantage to homebuilders.  The
 capabilities of the consortium should have a tremendous impact on the
 homebuilding industry."
     "Each builder that joins the consortium, brings a unique perspective on
 homebuilding and the advances it will take to revolutionize the new home
 market," said Tim Costello, President and CEO of Builder Homesite.  "Orleans
 Homebuilders has built a solid reputation for customer satisfaction and they
 will play a key role in helping define the 'customer for life' products and
 services that will further transform the new home market."
 
     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 Orleans Homebuilders, Inc.
     Orleans Homebuilders, Inc. is a leading builder of residential communities
 in the Philadelphia Metropolitan area.  The company builds condominiums,
 townhouses and single family homes.  Orleans Homebuilders is a public company
 listed on the American Stock Exchange under the symbol "OHB".  The company is
 actively developing over 26 communities in Pennsylvania and New Jersey.
 
     About Builder Homesite
     Founded in the spring of 2000, Builder Homesite is funded by the following
 top national builders: Beazer Homes USA, Inc. (NYSE:   BZH), Centex Corporation
 (NYSE:   CTX), D.R. Horton, Inc. (NYSE:   DHI), David Weekley Homes, Gateway
 Homes, Highland Homes, Hovnanian Enterprises, Inc., KB Home (NYSE:   KBH),
 Lennar Corporation (NYSE:   LEN), M.D.C. Holdings (NYSE:   MDC), Medallion Homes,
 Orleans Homebuilders (Amex:   OHB), Pulte Homes (NYSE:   PHM), Ryan Building
 Group, The Ryland Group, Inc. (NYSE:   RYL), 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.           Orleans Homebuilders, Inc
      Mary Browning                    Linda Kelley
      (512) 651-8812                   VP, Sales and Marketing
      mbrowning@builderhomesite.com    (215) 245-7500 Ext 1119
 
 SOURCE  Builder Homesite, Inc.

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