Comstock Homebuilding Companies, Inc. Schedules 2004 Earnings Conference Call

February 24, 2005

RESTON, Va., Feb 24, 2005 /PRNewswire-FirstCall via COMTEX/ -- Comstock Homebuilding Companies, Inc. (Nasdaq: CHCI) announced today that it will hold an investor conference call hosted by Christopher Clemente, chief executive officer, and Bruce Labovitz, chief financial officer, to discuss financial results for the year ended December 31, 2004. The call will be held on Wednesday, March 2, 2005, at 9:00 a.m. Eastern Time. The Company plans to release its 2004 financial results after the market closes Tuesday, March 1, 2005.

This investor call will be available via live web cast on Comstock Homebuilding Companies' Web site at in the "Investor Relations" section. To participate by telephone, the dial-in number is 866-761-0748 and the access code is 59484192. Investors are advised to dial-in at least five minutes prior to the call to register. The call will be archived for seven days: from 11:00 a.m. Wednesday, March 2, until 11:59 p.m. Wednesday, March 9, 2005. The dial-in number for the replay is 888-286-8010, and the access code is 56380984.

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

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.

Al Black of Qorvis Communications, +1-703-744-7833, or, for
Comstock Homebuilding Companies, Inc.