News | Candlelight Homes

Candlelight Homes of Utah Receives Houzz’s 2012 ‘Best Of Remodeling’ Award

candlelighthomes — Fri, 13 Apr 2012 15:57:04 +0000

First-Ever Survey & Analysis of More than 1.2 Million Members Reveals Top-Rated Professionals and Current Design Trends from Across the Country

South Jordan,Utah – April 9, 2012 – Candlelight Homes of South Jordan, UT has been awarded “Best Of Remodeling” 2012 by Houzz, the leading online platform for residential remodeling and design. The premier homebuilder in Utah was chosen by the more than 1.2 million registered members of the Houzz community.

The Houzz “Best Of Remodeling” award for 2012 is given in two categories: Customer Satisfaction and Design. Customer Satisfaction award winners are based on homeowner members who rated their experience working with remodeling professionals in 12 categories ranging from architects, and interior designers to contractors and other residential remodeling professionals. Design award winners’ work was the most popular among the 1.2 million members, also known as “Houzzers,” who saved more than 16.5 million professional images to their personal ideabooks via the Houzz site and iPad/iPhone app.

“We’re extremely honored to receive this award. Candlelight Homes strives to achieve the best in all of our home designs and we’re excited to see such positive feedback. We love the Houzz community and appreciate the Houzzers comments,” said Kimberly Flamm, Candelight Homes’ Marketing Coordinator.

“With 3.5 million monthly unique users and 80 million monthly page views, Houzz has rapidly become the largest community of active remodelers, providing homeowners and design enthusiasts with first-hand advice from Houzzers who have been through the renovating and decorating process,” said Liza Hausman, vice president of marketing for Houzz. “This is a real stamp of approval for Candlelight Homes from the Houzz community and we’re thrilled to welcome them to this elite group of ‘Best Of’ winners.”

With Houzz, homeowners can identify not only the top-rated professionals like Candlelight Homes, but also those whose work visually aligns with their own design goals. Homeowners can also evaluate professionals by contacting them directly on the Houzz platform, asking questions about their work and evaluating their responses to questions from others in the Houzz community.

About Candlelight Homes
As a premier homebuilder in Utah, the Candlelight Homes team has built quality communities along the Wasatch Front for over 20 years. Each home is carefully crafted to ensure that your home will continue to be a place of quality and comfort for years to come. Candlelight Homes’ highest priority is your continued satisfaction. We’re confident that you will share your experience with friends and family about the great experience of building a new home with Candlelight. Contact Candlelight Homes today to learn how you can enjoy a new Candlelight Home of your own. (www.CandlelightHomes.com)

About Houzz
Houzz (www.houzz.com) is the leading online platform for home remodeling, providing inspiration, information, advice and support for homeowners and home improvement professionals through its website and mobile applications. Houzz features the largest residential design database in the world, articles written by design experts, product recommendations, a vibrant community powered by social tools, and information on more than 1.2 million remodeling and design professionals worldwide who can help turn ideas into reality. @houzz_inc

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Candlelight Homes in Utah Sees 60% Growth Despite Down Economy

candlelighthomes — Wed, 11 Apr 2012 15:24:00 +0000

Utah home builder saw an incredible 60% growth in home sales in 2011. Competing directly with foreclosures, Candlelight Homes created a unique approach to building beautiful & affordable, new homes at more attractive prices than bank-owned deals.

FOR IMMEDIATE RELEASE

PRLog (Press Release) – Apr 03, 2012 -
Utah-based home builder saw an incredible 60% growth in home sales in 2011. Competing directly with foreclosures, Candlelight Homes created a unique approach to building beautiful & affordable, new homes at more attractive prices than bank-owned deals. Candlelight Homes coined the phrase ‘New Homes Less Than Foreclosures’ and has built a company on the reality of this claim. Enough consumers have recognized the advantage of purchasing a Candlelight Home vs. a foreclosure, which has created incredible growth for the company.

Early in the economic downturn, Candlelight capitalized on deeply-discounted prices of foreclosed residential lots from banks as well as historically low priced building materials. Both elements have contributed to the company’s ability to offer such a high-quality product for such a competitive price.

The housing market was hit tremendously with the recent economic downturn. According to Zillow, 28.4 percent of all single-family homes with a mortgage in the United States were underwater in 2011. Historically, the typical percentage of residential mortgages in foreclosure in the United States has been around 1 percent. In 2011, that number had increased over four times to about 4.5 percent.

Another element contributing to Candlelight Homes’ tremendous growth is that they allow each buyer to sit down one-on-one with an architect to customize their home plan. This experience is typically only offered by expensive, high-end custom homebuilders, yet Candlelight has brought this unique benefit to the average homebuyer. Each buyer gets exactly what they want at an unbeatable price – even better than a run-down foreclosure.

Candlelight Homes continues to grow in 2012 at an even greater pace than 2011. Ambitious sales projections continue to be surpassed each month and 2012 growth is expected to be double 2011.

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Candlelight Homes Prepares for 2012 Parade of Homes

candlelighthomes — Tue, 03 Apr 2012 21:49:00 +0000

Candlelight Homes saw an immense amount of success from the 2011 Salt Lake Parade of Homes. Their home in Herriman, UT was the winner of every award in its category:

Best Interior Design
Best Architecture
Best of Category

Now, they’re at it again. Candlelight Homes is busy making preparations to be in this year’s Parade of Homes. Be sure to stay tuned for updates. You won’t want to miss Candlelight Homes 2012 Parade Homes.

Candlelight Homes Hand-Picked for Houzz.com Feature

candlelighthomes — Thu, 01 Mar 2012 20:27:11 +0000

Candlelight Homes was recently selected to be part of an article on Houzz.com featuring indoor forts and kid’s rooms! You can see the article here:

http://www.houzz.com/ideabooks/970390/list/For-the-Kids–Secret-Forts-Indoors

and check out the rest of Candlelight Homes’ photos on our Houzz profile here:

http://www.houzz.com/pro/candlelight-homes/

Candlelight Homes was recently selected as one of 15 Emerging Elite companies in Utah.

candlelighthomes — Fri, 28 Oct 2011 14:57:36 +0000

The Emerging Elite were selected from companies in Utah with less than 5, but more than 2 years of operation that show significant promise for future success.
Candlelight is excited to continue its strong growth by continuing to build the highest-quality, affordable custom homes in Utah.

Candlelight featured on Interior Design Blog

candlelighthomes — Mon, 08 Aug 2011 15:55:05 +0000

http://www.organized-design.com/2011/08/salt-lake-parade-of-homes-part-1.html

Bankrupt Projects Are Springing Back to Life

candlelighthomes — Thu, 09 Sep 2010 15:17:07 +0000

Candlelight Homes was featured in another Bloomberg Businessweek article about the improving market.

See the full article here: http://www.businessweek.com/magazine/content/10_38/b4195045521337.htm

Homebuilders Revive Stalled U.S. Projects as Banks Unload Lots

candlelighthomes — Wed, 08 Sep 2010 15:14:46 +0000

Candlelight Homes was recently featured in an article on Bloomberg Businessweek.

Less Than Foreclosures

Candlelight Homes, a South Jordan, Utah, homebuilder that bought lots in 20 stalled projects, recently introduced a new slogan: “Quality new homes, less than foreclosures.”

The company, which said most of its houses are cheaper than comparable foreclosed homes, has an average profit margin of 12 percent on the transactions, said Joe Salisbury, a partner at Candlelight. He purchases lots with power, sewer, and water lines and government approvals in place for 30 percent to 50 percent of what they sold for three years ago, he said.

“We’re buying lots for less than the cost of the improvements,” Salisbury said. “If someone offered me raw land for free next door, I wouldn’t even want it because it would cost me more to build out the lots.”

See the entire article here: http://www.businessweek.com/news/2010-09-08/homebuilders-revive-stalled-u-s-projects-as-banks-unload-lots.html

Candlelight Homes Opens for Business

candlelighthomes — Sat, 17 Oct 2009 22:29:22 +0000

Candlelight Homes Open for Business

Candlelight Homes was founded earlier this year by DAI, a Utah land developer, and specializes in offering new home construction at foreclosure prices.

“We’ve found a niche in acquiring foreclosed land from local banks,” said Joe Salisbury, principal for Candlelight Homes. “Our parent company, DAI, focuses on land development and understands the financial and logistic complexities associated with transforming land into subdivisions. Our unique strategy addresses banks’ immediate financial issues which have ultimately resulted in drastically reduced pricing on land for us. In turn, this enables us to offer substantially lower prices to our home buyers.”

Candlelight is currently building new homes in communities all along the Wasatch Front.

For more information, call 801-495-3420

The Enterprise

candlelighthomes — Mon, 05 Oct 2009 22:31:20 +0000

The principals of South Jordan-based DAI (Development Associates Inc.) have formed a new home-building company, Candlelight Homes, that focuses on developing communities on foreclosed land acquired from local banks.

Candlelight Homes already has two residential projects under way — Stillwater at Saratoga in Saratoga Springs and Valentine

Estates in Woods Cross. They are especially attractive to buyers who are finding they can buy a newly built home for the same or less than a foreclosed property, said Candlelight Homes principal Joe Salisbury. Stillwater will have 237 home sites with home prices starting in the $190s, while Valentine, with prices from the $170s, will have 93 home sites and 182 clustered townhomes.

Salisbury said Candlelight is also handling new home development in communities begun by DAI, including The Cove at Herriman Springs in Herriman, The Rivers and Hobble Creek in Springville, Crescent Hollow in Sandy, Edelweiss in Draper, Triple Crown at Mapleton in Mapleton and SilverLake at Eagle Mountain in Eagle Mountain.

“Most of the property we bought before the big upswing in the market,” he said. “Now we’re just scaling our prices back to our original pro formas, which were pre-boom. We either have a really low basis in the land to start with on our existing projects or, on the ones we don’t have the best basis in, we’re just lowering it way down. We’re significantly lowering our prices and we’re either doing joint venture deals with banks where they’re putting up the land and we’re building on it, or we’re coming in with investors with cash and just buying subdivisions for pennies on the dollar.”

Salisbury said real estate has been moving “surprisingly fast” because “so many people are out looking for foreclosures and a lot of them have noticed they can buy a new [home] for the same or less than a foreclosure so we’re pulling in a lot of those buyers. And advertising and promoting this idea that we can sell for less than foreclosures has got a lot of people interested. So many people don’t want to deal with the banks and so many people want to wait until the bottom is there and this is making people think that maybe the bottom is here.”

Labor and building materials also are less expensive now than they have been in “decades,” Salisbury said.

(DAI) has been developing land into communities for over 15 years resulting in over 3,500 residential building lots as well as four commercial centers.