Summary
Comstock Homebuilding Cos. Inc. says it can outlast what real estate analysts describe as a "softening" of the Washington region's home building market.
"We do not believe that there is softening of the Washington- area home building industry," said Bruce Labovitz, Comstock's chief financial officer. "To the contrary, we believe that demand for new and resale homes is related to job growth, which remains very healthy in the area."See the full content of this document
Extract
Reston Home Builder Confident of Market
Nevertheless, slowing home sales and the sliding stock value for the Reston company suggest the region's housing boom has peaked.
Comstock's stock (Nasdaq: CHCI) h...See the full content of this document
Sponsored links
