Dominion Homes Reports Record Closings and Home 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)--April 9, 1998--Dominion Homes Inc. (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 a record number of home closings and home sales for the three months ended March 31, 1998. The company closed 370 homes during the first three months of 1998 compared with the previous first quarter record of 266 homes closed in the first three months of 1997, representing a 39 percent increase. The 370 homes closed is the largest number of homes ever closed by the company in the first quarter of any year. Home sales for the first three months of 1998 increased 88 percent to 670 compared with 356 for the comparable period in 1997. Homes in 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 March 31, 1998, increased 29 percent to 1,003, compared with 778 at March 31, 1997. The 670 home sales is the largest number of home sales in any quarter in the company's history. The company will announce first quarter 1998 financial results in early May. 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, Celebrity and 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 Inc., Dublin Jon JON Jonah JON Jesus of Nazareth JON Job Order Number JON Johnston Island, US, Outlying Islands (Airport Code) M. Donnell or Terry E. George, 614/761-6000 |
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