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.

Gig Harbor, Washington , June 25, 2021 (GLOBE NEWSWIRE) -- Harbor Custom Development, Inc. (NASDAQ: HCDI, HCDIP, HCDIW) (“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 it has entered into a purchase and sale agreement for the acquisition of approximately 2.34 acres of land for the construction of 112 condominium units in Burien, Washington for $2,600,000. The purchase is expected to close on or before September 3, 2021.

Harbor Custom Development, Inc. Contracts to Purchase 112 Unit Condominium Site in Burien, Washington Expanding First-Time Home Buyer Footprint

Gig Harbor, Washington , June 23, 2021 (GLOBE NEWSWIRE) -- Harbor Custom Development, Inc. (“Harbor,” “Harbor Custom Homes®,” or the “Company”), (NASDAQ:HCDI), an innovative and market-leading real estate company involved in all aspects of the land development cycle, today announced it has entered into a purchase and sale agreement for the acquisition of approximately 8.44 acres of land in Lacey, Washington for $4,425,000. The purchase is expected to close on or before August 9, 2021.

Harbor Custom Development, Inc. Contracts to Purchase 177 Unit Condominium Site in Lacey, Washington Expanding First-Time Homebuyer Footprint

Gig Harbor, Washington, June 21, 2021 (GLOBE NEWSWIRE) -- Harbor Custom Development, Inc. (NASDAQ: HCDI, HCDIP, HCDIW) ("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 shareholders have elected Karen Bryant to the Company's Board of Directors at the annual shareholder meeting held on Tuesday June 8, 2021, effective immediately. Ms. Bryant will be an independent director in accordance with the applicable rules of the Nasdaq Stock Market LLC.

Former Seattle Storm CEO Appointed to Harbor Custom Development, Inc. Board of Directors

Gig Harbor, Washington, June 21, 2021 (GLOBE NEWSWIRE) -- Harbor Custom Development, Inc. (Nasdaq: HCDI, HCDIP, HCDIW) ("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 it will be added to the Russell Microcap® Index effective at the close of trading on June 25, 2021, based on a preliminary list of additions initially made public on June 4, 2021.

Harbor Custom Development, Inc. Announces Inclusion in Russell Microcap® Index

Gig Harbor, Washington, June 11, 2021 (GLOBE NEWSWIRE) -- Harbor Custom Development, Inc. (Nasdaq: HCDI, HCDIP, HCDIW) ("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 closing of its previously announced underwritten public offering (the “Offering”) of 1,200,000 shares of 8.0% Series A Cumulative Convertible Preferred Stock and 4,140,000 warrants to each purchase one share of Common Stock at an exercise price of $5.00, including 540,000 warrants as a result of a partial exercise of the over-allotment option granted to the underwriter.

Harbor Custom Development, Inc. Announces Closing of $30.0 Million Public Offering of Convertible Preferred Shares & Warrants

Gig Harbor, Washington, June 09, 2021 (GLOBE NEWSWIRE) -- Harbor Custom Development, Inc. (Nasdaq: HCDI) ( “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 pricing of its underwritten public offering (the “Offering”) of 1,200,000 shares of 8.0% Series A Cumulative Convertible Preferred Stock. Each share of 8.0% Series A Cumulative Convertible Preferred Stock will be accompanied by three warrants (“Warrants”), each Warrant to purchase one share of Common Stock. Each share of Series A Cumulative Convertible Preferred Stock and accompanying three Warrants is being offered at a price of $25.00. The shares of Series A Preferred Stock and Warrants will be issued separately but can only be purchased together in this Offering. Harbor Custom Homes® has granted the underwriters a 45-day option to purchase up to 180,000 additional Preferred Shares and/or 540,000 additional Warrants solely to cover over-allotments, if any.

Harbor Custom Development, Inc. Announces Pricing of $30 Million Public Offering of Convertible Preferred Shares & Warrants

Gig Harbor, Washington , May 18, 2021 (GLOBE NEWSWIRE) -- Harbor Custom Development, Inc. (“Harbor,” “Harbor Custom Homes®,” or the “Company”), (NASDAQ:HCDI), an innovative and market leading real estate company involved in all aspects of the land development cycle, today announced that it has closed on 99 lots totaling $9,310,000 with Lennar Northwest, Inc., a subsidiary of the Lennar Corporation (“Lennar”),  in phase 7 of Soundview Estates located in Bremerton, Washington.

Harbor Custom Development, Inc. Closes 99 Lots in Soundview Estates with Lennar for $9,310,000

Gig Harbor, Washington, May 17, 2021 (GLOBE NEWSWIRE) -- Harbor Custom Development, Inc. (“Harbor,” “Harbor Custom Homes®,” or the “Company”), (NASDAQ: HCDI), an innovative and market leading real estate company involved in all aspects of the land development cycle, today announced that 2021 first quarter revenues were $13,874,200 with a net loss of $1,549,200.  Harbor CEO, Sterling Griffin stated, “We are focused on acquiring real estate assets in the fastest growing regions of the country to capitalize on the extreme shortage of housing nationwide. As a result of our significant progress, we anticipate achieving profitability in the second quarter of 2021.”

Harbor Custom Development, Inc. Releases First Quarter Financial Results and Announces Entrance into Vancouver, British Columbia and South Florida Regional Markets

Gig Harbor, Washington , April 19, 2021 (GLOBE NEWSWIRE) -- Harbor Custom Development, Inc. (“Harbor,” “Harbor Custom Homes®,” or the “Company”), (NASDAQ:HCDI), an innovative and market leading real estate company involved in all aspects of the land development cycle, today announced that it has entered into a construction contract to develop 99 lots with Lennar Northwest, Inc., a subsidiary of the Lennar Corporation (“Lennar”),  in phase 7 of Soundview Estates located in Bremerton, Washington.

Harbor Custom Development, Inc. Contracts to Develop 99 Lots in Soundview Estates for Lennar Increasing Harbor's Total Contract Value to $16,830,000

Gig Harbor, Washington , April 08, 2021 (GLOBE NEWSWIRE) -- Harbor Custom Development, Inc. (“Harbor,” “Harbor Custom Homes®,” or the “Company”), (NASDAQ:HCDI), an innovative and market leading real estate company involved in all aspects of the land development cycle, today announced that it has established a new corporate banking relationship with Washington Federal Inc. DBA “WaFd Bank” and secured $6,383,000 in construction financing for 13 single family homes at Soundview Estates, a 339 lot subdivision located in Bremerton, Washington.

Harbor Custom Development, Inc. Establishes New Banking Relationship with Washington Federal and Secures $6,383,000 in Construction Financing.

Gig Harbor, Washington , April 05, 2021 (GLOBE NEWSWIRE) -- Harbor Custom Development, Inc. (“Harbor,” “Harbor Custom Homes®,” or the “Company”), (NASDAQ:HCDI), an innovative and market leading real estate company involved in all aspects of the land development cycle, today announced that it has entered into a purchase and sale agreement for the acquisition of approximately 1.85 acres of land in Tacoma, Washington for $2,000,000. The purchase is expected to close on or before May 22, 2021.

Harbor Custom Development, Inc. Contracts to Purchase 80 Unit Condominium Site in Tacoma, Washington Expanding First-Time Home Buyer Footprint

Gig Harbor, Washington , April 01, 2021 (GLOBE NEWSWIRE) -- Harbor Custom Development, Inc. (“Harbor,” “Harbor Custom Homes®,” or the “Company”), (NASDAQ:HCDI), an innovative and market leading real estate company involved in all aspects of the land development cycle, today announced that it has closed on the phase 6 sale of 50 residential lots at Soundview Estates in Bremerton, Washington to Lennar Northwest, Inc., a subsidiary of the Lennar Corporation (“Lennar”), for $7,000,000.

Harbor Custom Development, Inc. Sells 50 Lots to Lennar for $7,000,000

The stock price of Harbor Custom Development Inc (NASDAQ: HCDI) increased by over 5% pre-market. This is why it happened.

HCDI Stock Price Increased Over 5% Pre-Market: Why It Happened

Gig Harbor, Washington , March 26, 2021 (GLOBE NEWSWIRE) -- Harbor Custom Development, Inc. (“Harbor,” “Harbor Custom Homes®,” or the “Company”), (NASDAQ: HCDI), an innovative and market leading real estate company involved in all aspects of the land development cycle, today announced that 2020 gross revenues were $50,397,000 with a net loss of $3,532,800.  Harbor further announced that it had raised its guidance for 2021 projected gross revenue from $70,000,000 announced on November 23, 2020 to $80,000,000.

Harbor Custom Development, Inc. Announces 2020 Financial Results and Raises Revenue Guidance to $80,000,000 for 2021

Gig Harbor, Washington , March 22, 2021 (GLOBE NEWSWIRE) -- Harbor Custom Development, Inc. (“Harbor,” “Harbor Custom Homes®,” or the “Company”), (NASDAQ: HCDI), an innovative and market leading real estate company involved in all aspects of the land development cycle, today announced that it has closed on the purchase of 22 developed lots in Rocklin, California for $3,944,050.

Harbor Custom Development, Inc. Closes 22 lots for $3,944,050 in Sacramento Metro Housing Market

Gig Harbor, Washington , March 17, 2021 (GLOBE NEWSWIRE) -- Harbor Custom Development, Inc. (“Harbor,” “Harbor Custom Homes®,” or the “Company”), (NASDAQ: HCDI), an innovative and market leading real estate company involved in all aspects of the land development cycle, today announced that it has secured $7,683,000 in financing from Sound Capital for the acquisition of 30 lots in Horseshoe Bay, Texas, and construction loans for nine lots in Dripping Springs, Texas.

Harbor Custom Development, Inc. Secures $7,683,000 in Acquisition and Construction Financing from Sound Capital Loans for Austin Metro Market

Gig Harbor, Washington , March 15, 2021 (GLOBE NEWSWIRE) -- Harbor Custom Development, Inc. (“Harbor,” “Harbor Custom Homes®,” or the “Company”), (NASDAQ: HCDI), an innovative and market leading real estate company involved in all aspects of the land development cycle, today announced that it has contracted to acquire 55 undeveloped lots in a gated community in Loomis, California for $6,850,000.

Harbor Custom Development, Inc. Contracts to Acquire Land in Sacramento Metro Housing Market for $6,850,000.

Gig Harbor, Washington , March 10, 2021 (GLOBE NEWSWIRE) -- Harbor Custom Development, Inc. (“Harbor,” “Harbor Custom Homes®,” or the “Company”), (NASDAQ:HCDI), an innovative and market leading real estate company involved in all aspects of the land development cycle, today announced that it has contracted to acquire 30 developed single family lots for $2,500,000 in the Siena Creek subdivision in Horseshoe Bay, Texas, located approximately 53 miles west of Austin.

Harbor Custom Development, Inc. Continues Expansion into Austin Metro Housing Market

Real estate development company in the highly supply-constrained Puget Sound region. Low risk land acquisition strategy in which HCDI can exit at multiple points in time for profits.

Harbor Custom Development: Value Play In An Overheated Market

Gig Harbor, Washington , Feb. 04, 2021 (GLOBE NEWSWIRE) -- Harbor Custom Development, Inc. (“Harbor,” “Harbor Custom Homes®,” or the “Company”), (NASDAQ:HCDI), an innovative and market leading real estate company involved in all aspects of the land development cycle, today announced that on January 29, 2021, it closed on 36 of the 66 contracted developed lots in the Darkhorse Golf Course community 33 miles northeast of Sacramento in Auburn, California for $4,900,000.

Harbor Custom Development, Inc. Closes on 36 Lots in the Sacramento Metro Market

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Gig Harbor, Washington , Jan. 26, 2021 (GLOBE NEWSWIRE) -- Harbor Custom Development, Inc. (“Harbor,” “Harbor Custom Homes®,” or the “Company”), (NASDAQ: HCDI), an innovative and market leading real estate company involved in all aspects of the land development cycle, today announced that it has contracted to acquire 22 developed lots in Rocklin, California for $3,944,050.

Harbor Custom Development, Inc. Increases Footprint in Sacramento Metro Housing Market

Gig Harbor, Washington , Jan. 22, 2021 (GLOBE NEWSWIRE) -- Harbor Custom Development, Inc. (“Harbor,” “Harbor Custom Homes®,” or the “Company”), (NASDAQ:HCDI), an innovative and market leading real estate company involved in all aspects of the land development cycle, today announced that it has acquired seven developed lots in Dripping Springs, Texas; contracted to purchase nine additional finished lots in Driftwood, Texas; and contracted to purchase 44 acres for future development, all totaling $9,469,350 in the coveted Hill Country region approximately 22 miles West of Austin, Texas.

Harbor Custom Development, Inc. Continues National Expansion into Austin Metro Housing Market

Gig Harbor, Washington , Jan. 20, 2021 (GLOBE NEWSWIRE) -- Harbor Custom Development, Inc. (“Harbor,” “Harbor Custom Homes®,” or the “Company”), (NASDAQ:HCDI), an innovative and market leading real estate company involved in all aspects of the land development cycle, today announced that it has contracted to acquire 64 developed lots in the Darkhorse Golf Course community 33 miles northeast of Sacramento in Auburn, California for $9,143,700.

Harbor Custom Development, Inc. Expands Geographic Footprint – Enters Sacramento Metro Housing Market

LOS ANGELES, Jan. 12, 2021 /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Harbor Custom Development, Inc. ("Harbor" or "the Company") (NASDAQ: HCDI) for violations of the securities...

ONGOING INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Harbor Custom Development, Inc. and Encourages Investors with Losses to Contact the Firm

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