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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
Creates well-designed, value-oriented residential and mixed-use communities in northern Utah. Hamlet Development strives to create cooperative city partnerships by creating attractive, livable neighborhoods appropriate to and compatible with the local community.
Hamlet Homes
Offers Utah families quality, value-oriented homes in attractively designed neighborhoods throughout northern Utah. Hamlet Homes provides condominiums, town homes, and single-family homes with 44 floor plans available.
Stirling Mortgage
A joint venture with Wells Fargo Home Mortgage, Stirling Mortgage provides residential home financing at competitive prices to Hamlet Homes’ customers.
Diversified Habitats
From 1995 to 2008 Diversified Habitats provided innovative solutions for wetland issues by working closely with regulatory agencies and applicants in the wetland permit process. In the part, Diversified Habitats has preserved and protected more than 400 acres of wetlands along the shores of the Great Salt Lake.
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 |
$66,079,156 |
33.3 |
314 |
47 |
14.57 |
321 |
| 2005 |
$91,961,272 |
39.2 |
304 |
79 |
12.3 |
252 |
| 2006 |
$107,827,296 |
17.3 |
369 |
70 |
2.47 |
307 |
| 2007 |
$85,743,321 |
-20.3 |
275 |
0 |
7.17 |
215 |
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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.
The first Hamlet Company, Hamlet Development Corporation, was founded in April 1994, and immediately launched its first community, Abbotsford, in Sandy, Utah. Today, the Hamlet companies are comprised of four separate but related companies, with nearly 53 employees, that are building homes and communities in Northern Utah.
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