For the three months ended June 30,
2004 2005 % Change
(number in 000s except units)
New Orders 71 160 125.4%
New Order Revenue 26,063 59,160 127.0%
Settlements 88 123 39.8%
Backlog 60,433 268,624 344.5%
About Comstock Homebuilding Companies, Inc. Comstock is a production
homebuilder that develops, builds, and markets single-family homes,
townhouses, and condominiums. The Company currently operates in the
Washington, D.C. and Raleigh, North Carolina markets where it targets a
diverse range of buyers, including first-time, early move-up, secondary move-
up, empty nester move-down and active adult home buyers. For more information
on Comstock, please visit http://www.comstockhomebuilding.com.
The company will report full operating results for the six months ended
June 30, 2005 after close of market on August 1, 2005.
This press release includes "forward-looking statements" within the
meaning of the federal securities laws, which involve uncertainties and risks.
These include statements regarding events or developments that the Company
expects or anticipates will occur in the future, such as statements about the
Company's strategies to improve operating performance. Please refer to the
Company's prospectus and its other filings with the Securities and Exchange
Commission for a complete discussion of these and other important factors that
could cause results to differ materially from those projected by these
forward-looking statements.
SOURCE Comstock Homebuilding Companies, Inc.
CONTACT: Media: Carrie Blewitt of Qorvis Communications,
+1-202-448-3129, cblewitt@qorvis.com, for Comstock Homebuilding Companies,
Inc.; or Company: Bruce Labovitz, Chief Financial Officer of Comstock
Homebuilding Companies, Inc., +1-703-883-1700 ext. 131,
bruce.labovitz@comstockcompanies.com