Classified Ventures, L.L.C., Previews NewHomeNetwork.com for New-Home Buyers.CHICAGO--(BUSINESS WIRE)--June 25, 1998-- New Online Site Offers Web's Most Comprehensive Listings in 16 Preview Cities Classified Ventures, L.L.C., the national online resource for local classified advertising and related information, announced a 16-city preview of NewHomeNetwork.com, a new website designed to become the Internet's most comprehensive source of new-home listings, community information and homeowner services for buyers, builders and owners of newly constructed homes. "Building a new home is one of the biggest and most important decisions individuals and families make," said Tim Landon, Classified Ventures' chief executive officer. "Finding all the information needed to make the right decision can be time-consuming and taxing. NewHomeNetwork.com will give home buyers a single, convenient place to find this information -- online." With NewHomeNetwork.com, Classified Ventures adds a new category of online classified advertising services to those already offered through its nationally branded web sites - cars.com, Apartments.com, and now NewHomeNetwork.com - as well as the web sites of its fast-growing national network of affiliates, including 135 leading daily newspapers in 40 states. Over time, NewHomeNetwork.com will expand its service to include additional affiliate markets. "By combining local editorial content -- provided by Classified Ventures' affiliate newspapers -- along with financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. and other information, NewHomeNetwork.com is creating a unique medium where builders and others can market to homebuyers on both a national and regional level, while maintaining their local appeal," said Bob Bellack, vice president of real estate for Classified Ventures. He noted the site will provide advertisers critical market information, traffic and site-usage reports to help them strategically target the booming online market. NewHomeNetwork.com's efforts to provide a powerful national network of print and online marketing and distribution vehicles for builders and suppliers is indicative of the size and growth of the new home construction industry. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the National Association of Home Builders The National Association of Home Builders (NAHB) is one of the largest trade associations in the United States. Headquartered in Washington, DC, the association organizes one of the largest conventions in North America, The International Builders' Show, which draws more than and data from the U.S. Census Bureau Noun 1. Census Bureau - the bureau of the Commerce Department responsible for taking the census; provides demographic information and analyses about the population of the United States Bureau of the Census , nearly 1.5 million new homes will be built in 1998, representing an annualized annualized Of or relating to a variable that has been mathematically converted to a yearly rate. Inflation and interest rates are generally annualized since it is on this basis that these two variables are ordinarily stated and compared. rate of more than $630 billion in new construction. Depending on the city, builder and subdivision, visitors to the www.newhomenetwork.com preview site are able to search for newly constructed homes in a specified price range, access detailed drawings or color pictures of models, and study floor plans. Using a comprehensive and easy-to-use search function, visitors can specify features - from the number of bedrooms to a minimum square footage and price - to quickly scan all available new homes meeting their criteria. NewHomeNetwork.com provides mortgage and affordability calculators to help buyers determine the right home for their pocketbook, and links to dozens of websites offering everything from cabinets and carpeting to security systems and window coverings. Again, depending on the city, the builder and the subdivision, it also offers detailed maps to show where a home is located and lists of nearby schools and community resources. With its local affiliates, who contribute local news and real estate coverage as well as new-home listings, NewHomeNetwork.com plans to enhance the site continually con·tin·u·al adj. 1. Recurring regularly or frequently: the continual need to pay the mortgage. 2. by adding relevant information for making decisions in the new-home marketplace. In addition to affiliate listings, the site contains the listings of almost all 4,000 active new-home communities in California California (kăl'ĭfôr`nyə), most populous state in the United States, located in the Far West; bordered by Oregon (N), Nevada and, across the Colorado River, Arizona (E), Mexico (S), and the Pacific Ocean (W). , Arizona and Nevada. NewHomeNetwork.com preview markets include: Baltimore, Bullhead/Laughlin, Nev., Central Valley Calif., Chicago, Fort Lauderdale Fort Lauderdale (lô`dərdāl), residential, commercial, and resort city (1990 pop. 149,377), seat of Broward co., SE Fla., on the Atlantic coast; settled around a fort built (c.1837) in the Seminole War, inc. 1911. , Fla., Hampton Roads Hampton Roads, roadstead, 4 mi (6.4 km) long and 40 ft (12.2 m) deep, SE Va., through which the waters of the James, Nansemond, and Elizabeth rivers pass into Chesapeake Bay. , Va., 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. , Nev., Orlando, Fla., Philadelphia, Phoenix, Sacramento, Calif., San Francisco Bay Area “Bay Area” redirects here. For other uses, see Bay Area (disambiguation). The San Francisco Bay Area, colloquially known as the Bay Area or The Bay , San Diego San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay. , Tucson, Ariz., Washington, D.C., and Wilmington, Del. In most communities, viewers are able to select specific areas to narrow their search. About NewHomeNetwork.com NewHomeNetwork.com, based in Chicago and created by Classified Ventures, L.L.C., is a complete online solution for builders and buyers of newly constructed homes. Located on the Internet at www.newhomenetwork.com the national preview site offers consumers a comprehensive, searchable database Refers to databases on the Web that are searchable by typing in a query. The term is quite redundant because all databases are searchable. In fact, that is one of their major features. of newly constructed homes in 16 U.S. markets. For builders, suppliers and lenders, NewHomeNetwork.com creates a medium where builders can market inventory and related services to consumers on a national, regional and local level in a cost-effective, functional manner. About Classified Ventures Classified Ventures, L.L.C., also based in Chicago, is funded by seven leading media companies - Central Newspapers Inc., Gannett Co., Inc., Knight Ridder
Knight Ridder (IPA: /ˈrɪdɚ/) was an American media company, specializing in newspaper and Internet publishing. , The McClatchy Company, The Times Mirror Company, Tribune Company The Tribune Company (NYSE: TRB) is a large American multimedia corporation based in Chicago, Illinois. It is the nation's second-largest newspaper publisher, responsible for the Chicago Tribune, Los Angeles Times, Newsday, Hartford Courant and The Washington Post Company. Its mission is to provide a common structure to enable newspaper publishers to build upon their industry's unique strengths in the $16 billion local and national classified advertising market. Classified Ventures currently operates and is developing the national Apartments.com web site (www.apartments.com), the national cars.com site (www.cars.com) and national NewHomesNetwork.com site (www.newhomenetwork.com). For more information on Classified Ventures, visit the Classified Ventures web site at www.classifiedventures.com.
CONTACT: NewHomeNetwork.com
Karen Gordon, 312/496-5831
kgordon@newhomenetwork.com
or
Classified Ventures
Ernie Clark, 312/575-2726
eclark@classifiedventures.com
or
Ketchum Public Relations
Rashmi Turner, 312/228-6889
rashmi.turner@ketchum.com
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