I never went through the homesickness thing when I moved to college. I was ready to leave home and live life on my own. Think about the independence you have now that you are out of the house!!! If you want to stay up until dawn, you can. There is no one else around that has the right to tell you how to live your life. Take up some new activities and hobbies. Do things with some of the new friends you meet. Try to meet some women. Relax and enjoy college life!
College is a unique time in your life. You have a lot of new-found freedom, and not very many responsibilities. You need to keep up with your coursework, and maybe hold down a part-time job, but if you are living in the dorms, so many things are taken care of for you. There will NEVER be another time in your life where you will have less responsibility, more freedom, and be surrounded by so many people in your age group! Enjoy it while it lasts, because 4 years goes by quickly.
If you move home after this semester, you may feel more secure, and think that you will be happier being with your family, but in reality you will be giving up a lot. Do you want to get a degree from the community college? If not, you'll need to move away again to another school. Do you want to live with your parents for the rest of your life, in the same town, working a job that most likely won't be fulfilling, or do you want to make your own way in life?
There would fundamentally be nothing wrong with living with your parents, or living in your hometown the rest of your life. There is a lot to be said for being close to your family, but you shouldn't give up your own potential future because of a sense of detatchment from your family.
My advice is to stick it out for the semester, preferrably the year, and then re-evaluate your situation. I bet that when you go home for thanksgiving, fall break, or winter break, you will miss school for various reasons.
Good luck!
Ryan