Comstock Homebuilding Companies, Inc. Schedules Third Quarter 2006 Earnings Conference Call

10/25/2006

RESTON, VA, Oct 25, 2006 (MARKET WIRE via COMTEX News Network) -- 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 quarter ended September 30, 2006. The call will be held on Monday, November 6, 2006 at 10:00 a.m. Eastern Time. The company plans to release its third quarter financial results before the market opens on Monday, November 6, 2006.

This investor call will be available via live web cast on Comstock Homebuilding Companies' web site at http://www.comstockhomebuilding.com in the "Investor Relations" section. To participate by telephone, the dial-in number is 800-632-2975 and the access code is 8046790. 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 6:45 p.m. Tuesday, November 7, 2006, until 11:59 p.m. Tuesday, November 14, 2006.

About Comstock Homebuilding Companies, Inc.

Comstock is a production homebuilder that develops, builds, and markets single-family homes, townhouses, mid-rise condominiums, high-rise condominiums, mixed-use developments and condominium conversions. The Company currently markets its products under the Comstock brand in Washington, D.C., Raleigh, North Carolina, Atlanta, Georgia and parts of the Carolinas. The company targets a diverse range of buyers of moderately priced homes. For more information on Comstock, please visit http://www.comstockhomebuilding.com.

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.

CONTACT:
Bryan L. Murray
+1-703-883-1700 option 6

SOURCE: Comstock Homebuilding Companies, Inc.