EPA NAMES ASTORIA HOMES
ENERGY STAR^® 2006 PARTNER OF THE YEAR

Also earning us the Sustained Excellence Award

ASTORIA HOMES recognized as one of the region's TOP PRIVATELY HELD BUILDERS by BUILDERnews magazine!

August 10, 2006

Dear Mr. McCormick:

CONGRATULATIONS!

Our research for this year's selection looked at several criteria including years in business, company reputation, size of projects and growth projections. Final selection was broken down by state and focused on 2005 revenue figures.

We at BUILDERnews recognize the overall competitiveness of the industry and acknowledge the difficulties privately held companies face when competing against large production builders.

Please accept this plaque in honor of this recognition of your success, as we invite you to read the accompanying July article announcing our selection on page 46.

Best regards,

JoAnn Hogue, Publisher
BUILDERnews magazine

on page 46 of the July 2006 issue

Celebrating the West’s Top Privately Held Builders and Developers

For the first time ever, BN is proud to raise a toast to the Top Privately
Held Builders and Developers in the Western Region! The data presented
below is accurate to the very best of our ability to gather it. And let us tell you,
it was no small feat to do so, with endless hours of research, phone calls, last minute
changes, and assurances all along that we would let the data speak for
itself, and not editorialize on it. We felt we owed it to you to keep it pure.

Since the rankings are based on total company revenue, the challenge to
create the list was immediate. After all, unlike publicly held builders, private
companies have no obligation whatsoever to offer up this data. We think it
speaks highly of their dedication and pride that they did, and we want to thank
each of them for their participation.

But in addition, we believe there’s something here for our entire readership
to gain, in recognizing that every one of these companies was, at one point,
small. Over time, they have grown and learned, and made a tremendous mark
on the landscape, quite literally. Surely all seasoned builders have some encouragement
and advice they could offer to others who march in the same infantry,
and we challenge you to take a few moments to log in to our Reader Forum to
do just that (buildernewsmag.com/forums).

All efforts have been made to ensure chart accuracy; however, we cannot be held liable for errors or omissions.

State: Nevada
Name: Astoria Homes
HQ: Las Vegas, NV
Year Established: 1995
2005 Revenue in Millions: 300.0
2005 No. of Units Closed: 1,012
Currently Active in These States: NV
Projects of Note: Tapestry; Cornertone
Regional Project Manager: Tom McCormick
Direction for 2007: Forcasting 700-800 closings in five new communities

ASTORIA HOMES^® Awarded for ‘ Best in Customer Service’

(Las Vegas) – Las Vegas-based ASTORIA HOMES has earned the Third Quarter 2006 “The Batting 1.000 Award (Best in Customer Service Satisfaction),” sponsored by Marketing Solutions and SalesTraq.

The award came as a result of over six thousand surveys that were distributed to local new homebuyers asking to rate their homebuilder on seven key elements: Salesperson Honesty, Salesperson Friendliness, Working with Title and Escrow, Working with Customer Service Personnel, Overall Construction of the Home, Follow-up After the Sale, and Information Updates During the Home Buying Process.

The Crystal Ball Seminar and homebuyer survey are sponsored by Countrywide Home Loans, Southwest Gas and the Las Vegas-Review-Journal.

ASTORIA HOMES received the honor at an awards ceremony Oct. 26 at Texas Station.

“ We take immense pride in providing the best in customer service,” said Tom McCormick, president of ASTORIA HOMES. “To be recognized for this award for customer service satisfaction is a great achievement for our company.”

ASTORIA HOMES, which has developed several popular communities, has homes that start in the low $200,000s. More information about the homebuilder, its communities and its programs can be obtained at www.ASTORIAHOMES.com.