Builder Homesite Inc. and Suppliers Form New Consortium; Unprecedented Cooperative Venture Sets Industry Standard for Options Management.Business Editors/High-Tech Writers International Builders' Show AUSTIN, Texas--(BUSINESS WIRE)--Jan. 15, 2004 Building industry leaders announced today the formation of a new consortium of homebuilders and suppliers, New Home Technologies Inc., dedicated to improving design options management for the entire homebuilding industry. By creating a single, industry-owned solution, New Home Technologies will deliver the most comprehensive options marketing for consumers resulting in more upgrade sales for both builders and suppliers. "The consortium is what makes this product possible," said Ian McCarthy, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Beazer Homes. "Only by working together to design a product based on the business needs of both builders and suppliers can we create a tool that really works for everyone." Envision, a complete suite of options management tools, will aggregate rich-media product marketing content from suppliers so that builders can create online customized option selections for buyers. Suppliers benefit from a unified data standard and the ability to market directly to consumers. Builders benefit from a single source for product data and a more successful and efficient options management process. The ultimate beneficiary beneficiary Person or entity (e.g., a charity or estate) that receives a benefit from something (e.g., a trust, life-insurance policy, or contract). A primary beneficiary receives proceeds from a trust or insurance policy before any other. is the consumer, who will enjoy the convenience and efficiency of browsing See browse. design options online in a magazine-style format before making their final selections. The first Envision products will be released by year-end. Tom Halford, general manager of field sales, North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. region at Whirlpool Corporation Whirlpool Corporation (NYSE: WHR) is the world's leading manufacturer and marketer of major home appliances,with annual sales of approximately $18 billion, more than 73,000 employees, and more than 70 manufacturing and technology research centers around the world. , is a strong proponent One who offers or proposes. A proponent is a person who comes forward with an a item or an idea. A proponent supports an issue or advocates a cause, such as a proponent of a will. PROPONENT, eccl. law. . "It's going to help builders give homebuyers a superior shopping experience. Customers will clearly understand the value differences between products/brands and make more informed decisions." New Home Technologies is being formed as a joint-venture subsidiary of Builder Homesite Inc., the thriving homebuilder consortium. It builds on the success and experience of Builder Homesite and adds the strength of major building product suppliers. The new consortium is comprised of Builder Homesite consortium builders including: Beazer Homes, Capital Pacific Homes, David Weekley Homes, KB Home, Lennar Corporation Lennar Corporation (NYSE: LEN) is a Fortune 200[1] company based in Miami, Florida, United States. It was founded in 1954. Lennar is one of the United States' largest homebuilders, constructing homes in 18 different states throughout the United States, , Morrison Homes, Standard Pacific and Toll Brothers Homes, along with suppliers like Georgia-Pacific, Hearth & Home Technologies, Honeywell, Masco Corporation, Owens-Corning, Progress Lighting, Square D/Schneider Electric, Therma-Tru Doors, Weyerhaeuser Company, Whirlpool Corporation and York International Inc. New Home Technology suppliers will be displaying more information on Envision at their booths at the International Builders' Show in Las Vegas Las Vegas (läs vā`gəs), city (1990 pop. 258,295), seat of Clark co., S Nev.; inc. 1911. It is the largest city in Nevada and the center of one of the fastest-growing urban areas in the United States. , Jan. 19-22, 2004. "The success of Builder Homesite demonstrates the ability of an industry consortium to conquer problems and move the entire industry forward. By working cooperatively, builders were able to revolutionize rev·o·lu·tion·ize tr.v. rev·o·lu·tion·ized, rev·o·lu·tion·iz·ing, rev·o·lu·tion·iz·es 1. To bring about a radical change in: Television has revolutionized news coverage. 2. the way new homes are marketed online through NewHomeSource.com," said Tim Costello Timothy Ewen Costello AO (born March 4, 1955) is a prominent Baptist minister, director of World Vision Australia. He was educated at Carey Baptist Grammar School and graduated in law at Monash University in 1978. , president and CEO of Builder Homesite. "Now we're using the same consortium approach to enable the building industry to break down the barriers to effective marketing of options and upgrades." About Builder Homesite and New Home Technologies Builder Homesite Inc. was founded in 2000 by 32 of the nation's largest homebuilders to provide improved marketing and technology solutions for the home building industry, including the consumer Web site www.NewHomeSource.com. New Home Technologies, a subsidiary consortium of new home builders and product suppliers, is being formed to create an integrated options management product, Envision, that works for all industry participants. The consortium model, which puts ownership in the hands of the industry, results in solutions that address the real needs of the business users. |
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