HAMLET HOMES RANKED AMONG NATION’S LARGEST HOMEBUILDERS

Record-breaking 2006 earns Hamlet highest ranking since 2000

  MURRAY, Utah (May 22, 2007) – Although home sales declined nationwide in 2006, Hamlet Homes continued its local success with a record-breaking year that earned it a spot among the nation’s largest homebuilders in Builder magazine’s May “Builder 100” issue. By ranking 165 of the nation’s top 200 companies featured, Hamlet solidified its position as a leading Utah-based homebuilder, one of only four Utah companies to make the list. The rankings were based on the number of homes closed during the year; Hamlet had 369 closings, up 21 percent from 2005. “Hamlet is pleased to receive this recognition of our strong success in 2006,” said John Aldous, president of Hamlet Homes. “This continues a trend of double-digit growth in our year-to-year operating revenues that began in 2001. We attribute much of our success to a company-wide commitment to live up to our brand ‘Great Homes. Great People. Great Experience.’ as we strive to exceed our customers’ expectations. ” 2006 proved to be a landmark year for Hamlet Homes as it diversified by opening two new urban redevelopments: Inverness Square and Waverly Station. Hamlet expects to continue its recent revenue growth by developing new mixed-use projects featuring townhome, condominium and commercial offerings, in addition to continued building of single family communities. Since its founding in 1995, Hamlet’s quality, customer-oriented product lines have been filling a much-needed niche in the state’s housing market. With homes ranging in price from the high $170s to over $500,000, Hamlet’s homes appeal to individuals and families at every stage of life. With hundreds of its homebuyers finding the perfect place to call home in 2006, Hamlet Homes sold out in two communities: The Maples at Jordan Hills in West Jordan and Birnam Woods in Bountiful. Hamlet Homes currently operates seven communities along the Wasatch Front, including Bear Hollow Village in Park City; Crofter’s Cove in Syracuse; Eastlake Village at Daybreak in South Jordan; Devon Glen in Springville; Inverness Square in Murray; Stoneleigh Heights in Draper; and Waverly Station in South Salt Lake.

About Hamlet Homes

Hamlet Homes (www.hamlethomes.com) crafts quality, customer-oriented homes, ranging from condominiums and townhomes to single family homes, located in attractively designed neighborhoods for homebuyers in northern Utah. Since the company’s founding in 1995, Hamlet Homes has constructed more than 2,600 homes in 35 communities. The company is continually striving to meet and exceed the expectations of its homebuyers and live up to its brand of “Great Homes. Great People. Great Experience.” In 2004 and 2005, Hamlet was awarded the Builder of Integrity Award from the Quality Builders Warranty Corporation, and in 2003, 2004, 2006 and 2007, Hamlet was awarded Utah’s Best of State medal for residential construction. Located in Salt Lake City, Utah, Hamlet Homes is part of the Hamlet group of companies, which also includes Hamlet Development, Stirling Mortgage and Diversified Habitats.