Dominion Homes Posts Record First Half Sales.DUBLIN Dublin, city, Republic of Ireland Dublin, Irish Baile Átha Cliath, county borough (1991 pop. 915,516), Leinster, capital of the Republic of Ireland, on Dublin Bay at the mouth of the Liffey River. , Ohio--(BUSINESS WIRE)--July 8, 1998--Dominion Homes (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :DHOM) reported that it sold 1,072 homes the first half of 1998, a 56 percent increase over the record setting 689 homes sold in the first half last year. The company sold 402 homes in the three months ended June June: see month. 30, 1998, a 21 percent increase over the 333 homes sold in the same period last year. Closings for the first half of 1998 totaled 831, a 29 percent increase over the 646 homes closed in the first half of 1997. The company closed 461 single-family sin·gle-fam·i·ly adj. Relating to or being a dwelling designed for one family only: a single-family home; single-family occupancy. homes during the quarter ended June 30, 1998, a 21 percent increase over the 380 homes closed during the second quarter of last year. The 461 closings represent a company record for a single quarter. Backlog Backlog The total value of sales orders waiting to be fulfilled. Notes: This figure is used mainly in the manufacturing industry. Increases or decreases in a company's backlog indicate the future direction of sales and earnings. at June 30, 1998 was a record 944 homes compared with 731 homes on the same date last year. The company expects to announce its second quarter financial results in early August. Dominion dominion, power to rule, or that which is subject to rule. Before 1949 the term was used officially to describe the self-governing countries of the Commonwealth of Nations—e.g., Canada, Australia, or India. Homes offers three distinct series of homes -- Century, Celebrityand Tradition -- which are differentiated by size, price, standard features and available options. The company's "Best of Everything" philosophy focuses every aspect of operations on providing its customers with unsurpassed products, quality, and customer service. There are currently over 40 Dominion Homes locations in the Central Ohio area.
CONTACT: Dominion Homes
Jon M. Donnell or Terry E. George, 614/761-6000
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