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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Ramsey Su who wrote (49617)	1/12/2006 5:25:11 PM
From: sciAticA errAticA	Read Replies (1) \| Respond to of 110194

05:04 ET Dominion Homes Reports 2005 Sales and Closings (DHOM) 11.60 -0.27:Co reported that it sold 1,944 homes, with an aggregate sales value of $370.6 mln, during 05 compared to 2,450 homes sold, with an aggregate sales value of $460.3 mln during 04. Home sales during 05 declined 21% compared to the number of homes sold during 04. According to Douglas G. Borror, CEO, "New home sales in our markets and throughout the Midwest continued to be a challenge throughout the year. Co has taken steps to reduce land holdings, reduce selling, general and administrative expenses, including staff reductions, and continue to meet the market with significant discounting."