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February 7, 2014
08:07 EDTCHCIComstock Homebuilding reports 2013 homebuilding revenue up 364% to $53.8M
The company said 2013 homebuilding revenue increased 364% to approximately $53.8M from $11.6 million in 2012. Reports 2013 new orders increased 147% to 126 units, compared to 51 units in 2012. Reports 2013 unit deliveries increased 138% to 107, compared to 45 unit deliveries in 2012. Reports backlog at year-end 2013 of 28 units valued at $12.3M compared to nine units valued at $5.4M at year-end 2012. Reports 2013 community count increased to ten at year-end 2013 from five at year-end 2012. Comstock’s pipeline of controlled land inventory expanded to approximately 637 lots at year-end 2013 from 354 lots at year-end 2012.
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