Harbor Custom Development, Inc.

Harbor Custom Development, Inc. engages in the construction, sale, and management of residential properties. Its portfolio includes single-family lots, multi-family properties, and home communities. The company was founded by Sterling Griffin in February 2014 and is headquartered in Tacoma, WA.

Earnings data Q3 2020

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Harbor Custom Development is a real estate, and land development cycle including land acquisition, entitlements, construction of project infrastructure, home building, marketing, sales, and management of various residential projects. As a land developer and builder of apartments, condominiums, single-family homes, and luxury homes, Harbor Custom Development's business strategy is to acquire, and develop land strategically based on an understanding of population growth patterns, entitlement restrictions, infrastructure development, and geo-economic forces.

Harbor Custom Development Inc. (NASDAQ:HCDI) told investors it has partnered with Austin-based general contractor, Wurzel Builders Ltd to expand its luxury single-family home division in Horseshoe Bay, Texas. The real estate company said it anticipates breaking ground with its new luxury home collection this summer on lots it owns in the Siena Creek and Summit Rock communities of Horseshoe Bay.

Harbor Custom Development continues Texas expansion in Horseshoe Bay with Wurzel Builders

TACOMA, Wash, March 01, 2023 (GLOBE NEWSWIRE) -- Harbor Custom Development, Inc. (Nasdaq: HCDI, HCDIP, HCDIW, HCDIZ) (“Harbor,” “Harbor Custom Homes®,” or the “Company”), an innovative real estate company involved in all aspects of the land development cycle, today announced it has partnered with Austin based general contractor, Wurzel Builders, LTD to expand Harbor's luxury single-family home division in Horseshoe Bay, Texas.

Harbor Custom Development, Inc. Continues Texas Expansion in Horseshoe Bay with Wurzel Builders, LTD

Harbor Custom Development Inc. (NASDAQ:HCDI) announced that it has successfully restructured its loan with Bank United. “We have successfully amended our loan agreement with Bank United providing for full compliance,” Harbor Custom Development CEO Sterling Griffin said in a statement.

Harbor Custom Development restructures loan with Bank United

TACOMA, Wash, Feb. 24, 2023 (GLOBE NEWSWIRE) -- Harbor Custom Development, Inc. (Nasdaq: HCDI, HCDIP, HCDIW, HCDIZ) (“Harbor,” “Harbor Custom Homes®,” or the “Company”), an innovative real estate company involved in all aspects of the land development cycle, today announced it has successfully restructured its loan with Bank United.

Harbor Custom Development, Inc. Announces Restructuring of Loan with Bank United

Harbor Custom Development Inc. (NASDAQ:HCDI) today announced a US$14.5 million agreement to sell the Mills Crossing townhomes in Bremerton, Washington. The transaction, with Kitsap Community Resources, described as an action agency striving to end poverty, is expected to close on or before April 28, 2023.

Harbor Custom Development agrees sale of Mills Crossing properties for US$14.5M

TACOMA, Wash., Feb. 21, 2023 (GLOBE NEWSWIRE) -- Harbor Custom Development, Inc. (Nasdaq: HCDI, HCDIP, HCDIW, HCDIZ) ("Harbor," "Harbor Custom Homes®," or the "Company"), an innovative real estate company involved in all aspects of the land development cycle, today announced it has contracted to sell the Mills Crossing townhomes in Bremerton, WA for $14,250,000 to Kitsap Community Resources. Unless extended for 30 days, closing of the property is anticipated to occur on or before April 28, 2023, upon the buyer's satisfaction of their financing contingency requirement.

Harbor Custom Development, Inc Contracts to Sell Mills Crossing Townhomes for $14,250,000

Harbor Custom Development Inc revealed that the company's stockholders voted in favor of a future reverse stock split during a virtual special meeting held on February 17, 2023. The Tacoma, Washington-based real estate company noted that the stockholders voted to endorse a reverse stock split of Harbor's issued and outstanding shares at a ratio between 1 for 3 and 1 for 25 at the discretion of the company's board.

Harbor Custom Development stockholders authorize reverse stock split at special meeting

TACOMA, Wash., Feb. 17, 2023 (GLOBE NEWSWIRE) -- Harbor Custom Development, Inc. (Nasdaq: HCDI, HCDIP, HCDIW, HCDIZ) (“Harbor,” “Harbor Custom Homes®,” or the “Company”), an innovative real estate company involved in all aspects of the land development cycle, today announced Harbor's stockholders voted in favor of a future Reverse Stock Split during a virtual special meeting held on Friday, February 17, 2023.

Harbor Custom Development, Inc. Stockholders Authorize Reverse Stock Split at Special Meeting

Harbor Custom Development Inc. (NASDAQ:HCDI) told investors it is now leasing apartments in Yelm, Washington, one of six projects it listed with Kidder Mathews earlier this year. The Tacoma, Washington-based real estate company said the Wyndstone Apartments are comprised of four three-story buildings, including four floor plans consisting of one-bed, one-bath; two-bed, two-bath; three-bed, two-bath; and two-bed, two-bath apartment units featuring an upstairs bonus room.

Harbor Custom Development says leasing has begun at Wyndstone Apartments in Yelm, Washington

TACOMA, Wash., Jan. 18, 2023 (GLOBE NEWSWIRE) -- Harbor Custom Development, Inc. (Nasdaq: HCDI, HCDIP, HCDIW, HCDIZ) ("Harbor," "Harbor Custom Homes®," or the "Company"), an innovative and market leading real estate company involved in all aspects of the land development cycle, today announced it is now leasing apartments in Yelm, Washington.

Harbor Custom Development, Inc. Now Leasing Wyndstone Apartments in Yelm, WA

Harbor Custom Development Inc said it has appointed experienced executive Karen Bryant as the board's lead independent director, effective immediately.  Bryant was at the helm of women's professional basketball in the Pacific Northwest for 18 years, serving as general manager of the Seattle Reign for two years, and served as the Seattle Storm's CEO from 1999 through 2014.

Harbor Custom Development names Karen Bryant as lead independent director

TACOMA, Wash, Dec. 22, 2022 (GLOBE NEWSWIRE) -- Harbor Custom Development, Inc. (Nasdaq: HCDI, HCDIP, HCDIW, HCDIZ) ("Harbor," "Harbor Custom Homes®," or the "Company"), an innovative and market leading real estate company involved in all aspects of the land development cycle, today announced the Board of Directors have appointed Karen Bryant, former Seattle Storm CEO, as the board's lead independent director, effective immediately.

Harbor Custom Development, Inc. Board of Directors Appointed Karen Bryant Lead Independent Director

Harbor Custom Development Inc has announced it is now leasing spacious and well-located apartments in Belfair, Washington. The Belfair View Apartments consist of 11 three-story buildings featuring one and two-bedroom rentals, roughly 20 minutes from downtown Bremerton conveniences like the Seattle-Bremerton Ferry Terminal, the Bremerton Naval Base, and the Puget Sound Naval Shipyard.

Harbor Custom Development starts leasing spacious Belfair View apartments in western Washington

TACOMA, Wash., Dec. 05, 2022 (GLOBE NEWSWIRE) -- Harbor Custom Development, Inc. (Nasdaq: HCDI, HCDIP, HCDIW, HCDIZ) ("Harbor," "Harbor Custom Homes®," or the "Company"), an innovative and market leading real estate company involved in all aspects of the land development cycle, today announced it is now leasing apartments in Belfair, Washington.

Harbor Custom Development, Inc. Now Leasing Belfair View Apartments

Harbor Custom Development Inc has announced it is now leasing its luxury apartments in Tacoma, Washington. The Pacific Ridge apartments feature one and two bedrooms, and studio rentals in the Fern Hill neighborhood less than 10 minutes from Tacoma's bustling downtown.

Harbor Custom Development starts leasing luxury apartments in Tacoma

TACOMA, Wash, Nov. 28, 2022 (GLOBE NEWSWIRE) -- Harbor Custom Development, Inc. (Nasdaq: HCDI, HCDIP, HCDIW, HCDIZ) ("Harbor," "Harbor Custom Homes®," or the "Company"), an innovative and market leading real estate company involved in all aspects of the land development cycle, today announced it is now leasing its luxury apartments in Tacoma, WA.

Harbor Custom Development, Inc. Now Leasing Luxury Apartments in Tacoma

Harbor Custom Development Inc says it expects construction to begin in 2024 on a new luxury housing development in downtown Tacoma, Washington. The land developer said it had inked a letter of intent (LOI) to buy 70 acres in the port city for $5.75 million to construct an urban multi-story apartment project of around 200 units.

Harbor Custom Development to build luxury homes in Tacoma after striking deal to buy 70 acres

TACOMA, Wash., Nov. 16, 2022 (GLOBE NEWSWIRE) -- Harbor Custom Development, Inc. (Nasdaq: HCDI, HCDIP, HCDIW, HCDIZ) ("Harbor," "Harbor Custom Homes®," or the "Company"), an innovative and market leading real estate company involved in all aspects of the land development cycle, today announced it has signed a letter of intent to purchase .70 acres of land in Tacoma for $5,750,000 million to construct an urban multi-story apartment project of approximately 200 units.

Harbor Custom Development, Inc. Enters LOI to Purchase Land for Luxury Urban Tacoma Apartment Site for $5.75 Million

Harbor Custom Development, Inc. (NASDAQ:HCDI ) Q3 2022 Results Conference Call November 14, 2022 12:30 PM ET Company Participants Sterling Griffin - CEO, President and Chairman of the Board Lance Brown - Chief Financial Officer Operator Thank you for standing by. And welcome to the Harbor Custom Development Incorporated Third Quarter 2022 Earnings Conference Call.

Harbor Custom Development, Inc. (HCDI) Q3 2022 Earnings Call Transcript

Harbor Custom Development Inc ended the third quarter with sales of $11.7 million despite a slowdown in the otherwise red-hot US housing market due to rising mortgage rates and a challenging environment. The US housing market surged during the pandemic as homebound people sought new places to live, boosted by record-low interest rates.

Harbor Custom Development ends 3Q with $11.7M in sales despite a challenging market environment

TACOMA, Wash., Nov. 14, 2022 (GLOBE NEWSWIRE) -- Harbor Custom Development, Inc. (“Harbor,” “Harbor Custom Homes®,” or the “Company”), (NASDAQ: HCDI; HCDIP; HCDIW; HCDIZ), an innovative and market leading real estate company involved in all aspects of the land development cycle, today announced its financial results for the third quarter and nine months ended September 30, 2022.

Harbor Custom Development, Inc. Reports 2022 Third Quarter Financial Results

TACOMA, Wash., Nov. 01, 2022 (GLOBE NEWSWIRE) -- Harbor Custom Development, Inc. ("Harbor," "Harbor Custom Homes®," or the "Company"), (NASDAQ: HCDI; HCDIP; HCDIW, HCDIZ), an innovative and market leading real estate company involved in all aspects of the land development cycle, today announced the date of the Company's third quarter 2022 earnings release and earnings conference call.

Harbor Custom Development, Inc. Announces Date of Third Quarter 2022 Earnings Release and Earnings Conference Call

Harbor Custom Development Inc announced that it has executed a letter of intent (LOI) for the acquisition of 15 acres in Stanwood, Washington for a total purchase price of $4.59 million. The land developer and home builder said with the pending acquisition the company continues to expand its multi-family pipeline with a potential 175-200 unit garden-style apartment site in the North Seattle commuter job market.

Harbor Custom Development inks LOI to acquire 15-acre Washington State property

HCDI continues to expand multi-family pipeline with potential 175-200 unit garden-style apartment site in North Seattle commuter job market HCDI continues to expand multi-family pipeline with potential 175-200 unit garden-style apartment site in North Seattle commuter job market

Harbor Custom Development, Inc. Signs Letter of Intent to Acquire 15 Acres of Land in Stanwood, Washington for $4,590,000

TACOMA, Wash, Oct. 20, 2022 (GLOBE NEWSWIRE) -- Harbor Custom Development, Inc. (Nasdaq: HCDI, HCDIP, HCDIW, HCDIZ) ("Harbor," "Harbor Custom Homes®," or the "Company"), an innovative and market leading real estate company involved in all aspects of the land development cycle, today announced it has contracted to sell 56.6 acres of land in Punta Gorda, Florida for $7,250,000 to Historical Fund, Inc. The Property is scheduled to close on or before December 20, 2022, upon the buyer's satisfaction of their due diligence requirements.

News for Harbor Custom Development, Inc. Stock (HCDI)