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STRENGTH & STABILITY
Over the years, the Hamlet companies have experienced significant growth, to the point where they are recognized as one of the fastest growing group of companies in Utah. In fact, for the past two years, the Hamlet companies have been among Mountain West Venture Group's "Utah 100" fastest growing companies.
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Hamlet Development
We design and create residential and commercial communities to meet our stakeholders’ expectations while creating an atmosphere of mutual trust and respect. We will uphold our reputation for keeping our word by doing what we say.
Hamlet Homes
We are a builder of neighborhoods designed to meet our customers’ expectations while creating an atmosphere of mutual trust and respect. Through the application of the knowledge we’ve gained from years of home building experience, we will provide attractively designed and cost-effective homes. We will respect our stakeholders’ needs by being fair and honest in all dealings. We will uphold our reputation for keeping our word by doing what we say.
The first Hamlet company was founded in April 1994 with a vision of providing top-quality, value-priced communities to the Utah market. A top-notch management team was assembled and four organizations were founded to address almost every customer need related to the residential real estate market. The four organizations comprising the Hamlet companies are Hamlet Development, Hamlet Homes, Stirling Mortgage (an affiliate of Wells Fargo) and Hamlet’s commercial division.
Stirling Mortgage
Stirling Mortgage, in partnership with Wells Fargo, is committed to providing our customers with an unequaled level of genuine service by being fair and honest in all dealings. We will continue to develop the Stirling Mortgage team through personal and professional growth. We will uphold our reputation for keeping our word by doing what we say.
The following figures outline Hamlet's revenues and closing by company.
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| 1994 |
$238,000 |
- |
n/a |
3 |
n/a |
n/a |
| 1995 |
$2,158,000 |
806.7 |
n/a |
57 |
n/a |
n/a |
| 1996 |
$7,399,753 |
242.9 |
36 |
84 |
36.75 |
n/a |
| 1997 |
$17,352,978 |
246.8 |
144 |
99 |
11.85 |
n/a |
| 1998 |
$21,948,338 |
26.5 |
188 |
71 |
26.7 |
11 |
| 1999 |
$28,991,298 |
32.1 |
227 |
29 |
29.62 |
174 |
| 2000 |
$31,119,874 |
7.3 |
224 |
27 |
18.86 |
175 |
| 2001 |
$37,624,304 |
20.9 |
250 |
21 |
5.14 |
318 |
| 2002 |
$43,222,288 |
14.9 |
287 |
6 |
6.75 |
396 |
| 2003 |
$49,567,289 |
14.7 |
293 |
0 |
3.04 |
542 |
| 2004 |
$68,308,234 |
27.8 |
314 |
47 |
14.57 |
321 |
| 2005 |
$91,937,962 |
34.6 |
304 |
87 |
12.3 |
249 |
| 2006 |
$107,827,296 |
17.3 |
369 |
70 |
2.47 |
307 |
| 2007 |
$85,743,321 |
-20.3 |
275 |
0 |
7.17 |
215 |
| 2008 |
$37,297,313 |
-56.5 |
116 |
6 |
6.11 |
127 |
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Going forward, Hamlet intends to maintain the disciplines of staying within a core business that is understood well by its executives. The application of the executive team's collective experience (Executive Team Bios) will provide for a strong and stable company.
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