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.

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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, a real estate company involved in each aspect of the land development cycle, has released a video update on six of its multifamily projects. Back in April, the company announced a strategic pivot to focusing on the acquisition of land for the development and construction of multifamily projects.

Harbor Custom Development CEO offers promising updates on Washington State real estate properties

TACOMA, Wash., Oct. 17, 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 an update on six of the company's multifamily projects.

Harbor Custom Development, Inc., CEO Shares Construction Video Update on Six Multifamily Projects

GIG HARBOR, WA / ACCESSWIRE / September 6, 2022 / 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 that the company's CEO will present at the upcoming 148 th National Investment Banking Association conference. WHO: Sterling Griffin, President and CEO WHAT: The National Investment Banking Association Conference WHERE: Margaritaville Beach Resort 1111 N.

Harbor Custom Development's CEO Invited to Present at the 148th National Investment Banking Association Conference

Harbor Custom Development Inc announced that it had completed a construction loan with Buchanan Mortgage Holdings LLC for a maximum principal amount of $39 million for the Meadowscape apartments currently under construction in Lacey, Washington. The land developer and home builder said it anticipates leasing the complex's first phase beginning in February 2023, and completing construction in late June 2023.

Harbor Custom Development closes $39M construction loan for apartments in Washington State

Gig Harbor, Washington, Aug. 23, 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 closed a construction loan with Buchanan Mortgage Holdings, LLC for a maximum principal amount of $39,000,000 for the Meadowscape apartments currently under construction in Lacey, Washington.

Harbor Custom Development, Inc. Closes $39,000,000 Construction Loan with Buchanan Mortgage Holdings

Harbor Custom Development, Inc. (NASDAQ:HCDI ) Q2 2022 Earnings Conference Call August 15, 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 Second Quarter 2022 Earnings Conference Call.

Harbor Custom Development, Inc. (HCDI) CEO Sterling Griffin on Q2 2022 Results - Earnings Call Transcript

Harbor Custom Development Inc. (NASDAQ:HCDI) said that the company posted record revenue for the first half of the year and expects the construction of several of its multi-family projects to be completed by the end of the year. For the six months ended June 30, 2022, the Tacoma, Washington-based real estate company involved in all aspects of the land development cycle, reported sales of $38.9 million, compared to $28 million in the first half of 2021.

Harbor Custom Development hits record revenue in first half; to complete several multi-family projects by end 2022

TACOMA, Wash., Aug. 15, 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 second quarter and six months ended June 30, 2022.

Harbor Custom Development, Inc. Reports 2022 Second Quarter and Half Year Financial Results

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Tacoma, WA, July 28, 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 second quarter 2022 earnings release and earnings conference call.

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

Harbor Custom Development Inc. (NASDAQ:HCDI) announced it has closed on the sale of three undeveloped multi-family land tracts in its Horizon at Semiahmoo subdivision in Blaine, Washington, to Noffke Landholdings Inc for $5.4 million. The company noted that the three land tracts total 15.44 acres and are Noffke's second purchase of multi-family properties within the Horizon subdivision in 2022.

Harbor Custom Development announces $5.4M sale of land tracts in Blaine, Washington to Noffke Landholdings

Harbor Custom Development Inc said that the company's board has authorized a stock repurchase plan of up to an aggregate of $5 million, excluding fees and expenses, which may be used to repurchase shares of the company's outstanding common stock, warrants to purchase shares, and shares of preferred stock over the next 12 months. The Tacoma, Washington-based real estate developer noted that the securities may be repurchased from time to time in open market transactions, in privately negotiated transactions, in line with the requirements of Rule 10b-18 of the Securities Exchange Act of 1934, or in line with legal requirements, price, market, economic and other factors.

Harbor Custom Development authorizes new stock repurchase program

Tacoma, Washington, May 16, 2022 (GLOBE NEWSWIRE) -- The Board of Directors of Harbor Custom Development, Inc. ("Harbor," "Harbor Custom Homes®," or the "Company"), (NASDAQ: HCDI; HCDIP; HCDIW, HCDIZ) on May 10, 2022, authorized a stock repurchase plan of up to an aggregate of $5.0 million, excluding fees and expenses, which may be used to repurchase shares of the Company's outstanding common stock, warrants to purchase shares of common stock, and shares of preferred stock (collectively, the “Securities”), over the next 12 months. The Securities may be repurchased from time to time in open market transactions, in privately negotiated transactions, pursuant to the requirements of Rule 10b-18 of the Securities Exchange Act of 1934, or otherwise, with the terms and conditions of these repurchases depending on legal requirements, price, market and economic conditions, and other factors. The Company is not obligated under the terms of the plan to repurchase any of its Securities and the Company may extend, suspend, or terminate the program at any time without prior notice. Any Securities repurchased as part of this program will be retired.

Harbor Custom Development, Inc. Authorizes New Stock Repurchase Program

Harbor Custom Development, Inc. (NASDAQ:HCDI ) Q1 2022 Earnings Conference Call May 12, 2022 12:30 PM ET Company Participants Lance Brown - CFO Sterling Griffin - CEO, President and Chairman Conference Call Participants Operator Thank you for standing by and welcome to the Harbor Custom Development Incorporated First Quarter 2022 Earnings Conference Call. At this time, all participants are in a listen-only mode.

Harbor Custom Development, Inc. (HCDI) CEO Sterling Griffin on Q1 2022 Results - Earnings Call Transcript

Harbor Custom Development Inc. (NASDAQ:HCDI) posted first-quarter results that saw its revenue jump 106% year-over-year on the back of sustained demand from buyers. For the period ended March 31, 2022, the Tacoma, Washington-based real estate developer reported consolidated net sales of $28.6 million, compared to $13.9 million in the corresponding period a year earlier.

Harbor Custom Development sees 1Q sales more than double thanks to strong buyer demand

Continued Strength in Buyer Demand Drives Year-over-Year Sales Increase of 106.0% Continued Strength in Buyer Demand Drives Year-over-Year Sales Increase of 106.0%

Harbor Custom Development, Inc. Reports Record Revenues In 2022 First Quarter Financial Results

During the COVID-19 pandemic, many workers around the world left crowded metropolitan areas as companies adopted remote or hybrid working models to discourage the spread of the disease.   What started as a decision motivated by health has now become an economic consideration as the flexible working arrangements have provided families and individuals greater freedom to choose where they live, with many opting to relocate to more affordable areas further away from city centers.

Harbor Custom Development CEO Sterling Griffin offers insights into the post-pandemic real estate market

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Tacoma, WA, April 28, 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 first quarter 2022 earnings release and earnings conference call.

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

Here's what investors may want to know about Harbor Custom Development and HCDI stock as short squeeze investors pile in. The post HCDI Stock News: 7 Things to Know About Top Short Squeeze Play Harbor Custom appeared first on InvestorPlace.

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