Harbor Custom Development, Inc. engages in the real estate development business in Western Washington's Puget Sound region. The company undertakes projects, such as residential lots, home communities, and single family and multi-family properties. It is involved in the land development cycle activities, including land acquisition, entitlements, construction of project infrastructure, home building, marketing, sales, and management of various residential projects. The company was formerly known as Harbor Custom Homes, Inc. and changed its name to Harbor Custom Development, Inc. in August 2019. Harbor Custom Development, Inc. was incorporated in 2014 and is headquartered in Gig Harbor, Washington.
IPO Year: 2020
Exchange: NASDAQ
Website: harborcustomhomes.com
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TACOMA, Wash, Dec. 11, 2023 (GLOBE NEWSWIRE) -- Harbor Custom Development, Inc. (NASDAQ:HCDI, HCDIP, HCDIW, HCDIZ))) (collectively with certain of its wholly owned subsidiaries described below, "HCDI" or "the Company"), a real estate company involved in all aspects of the land development cycle, and certain of its wholly owned subsidiaries today announced that the Company has voluntarily filed for protection under Chapter 11 of the United States Bankruptcy Code in the Western District of Washington at Tacoma (collectively, the "Chapter 11 cases") to pursue an orderly wind down or restructuring of its business. The Company has filed a number of customary first day motions with the Bankruptc
TACOMA, Wash, Sept. 22, 2023 (GLOBE NEWSWIRE) -- Harbor Custom Development, Inc. (NASDAQ:HCDI, HCDIP, HCDIW, HCDIZ))) ("Harbor," "Harbor Custom Homes®," or the "Company"), a real estate company involved in all aspects of the land development cycle, today announced Wally Walker has accepted a position with the University of Virginia as the Deputy Athletics Director and will be relocating to Virginia. As a result, Mr. Walker will be stepping down from his role on the Company's Board of Directors effective immediately. Mr. Walker has been an independent director since October 2020. "Wally's contributions to the Board have been invaluable over the past three years. We are grateful for his
TACOMA, Wash, Aug. 16, 2023 (GLOBE NEWSWIRE) -- Harbor Custom Development, Inc. (NASDAQ:HCDI, HCDIP, HCDIW, HCDIZ))) ("Harbor," "Harbor Custom Homes®," or the "Company"), a real estate company involved in all aspects of the land development cycle, announced 17 new construction homes are available to purchase now and into the fall in the Austin and Horseshoe Bay MSAs. "We are pleased to launch our newest selection of luxury homes in the Hill Country and Horseshoe Bay market. The collection of floorplans showcases the stunning architecture and beautiful interior finishes our homebuyers have come to expect from Harbor. Residents can enjoy the resort-like amenities such as the renowned gol
TACOMA, Wash., Aug. 15, 2023 (GLOBE NEWSWIRE) -- Harbor Custom Development, Inc. (NASDAQ:HCDI, HCDIP, HCDIW, HCDIZ))) ("Harbor," "Harbor Custom Homes®," or the "Company"), a real estate company involved in all aspects of the land development cycle, announced it is now leasing its Meadowscape apartments in Olympia, Washington. Meadowscape is comprised of ten three-story buildings with floorplans that include 450 square foot studios, 728 square foot one-bedroom, one-bathroom, 966 square foot two-bedroom, one-bathroom, and 1,122 square foot two-bedroom, two-bathroom rental units. The community has convenient access to I-5, is located approximately 7 miles from Washington state's capital
TACOMA, Wash., Aug. 14, 2023 (GLOBE NEWSWIRE) -- Harbor Custom Development, Inc. (NASDAQ:HCDI, HCDIP, HCDIW, HCDIZ))) ("Harbor," "Harbor Custom Homes®," or the "Company"), a 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, 2023. Second Quarter 2023 Financial Highlights Compared to Second Quarter 2022 Sales of $19.8 million compared to $10.3 millionGross loss of $(2.9) million compared to $(1.9) millionGross margin loss of (14.7)% compared to (18.8)%Net loss of $(4.4) million compared to $(4.5) millionBasic loss per share of $(3.79) compared to $(9.20)EBITDA loss of $(3.1)
TACOMA, Wash, Aug. 02, 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 the date of the Company's second quarter 2023 earnings release and presentation. Second Quarter 2023 Earnings Release and Financial Results DetailsHarbor will issue its second quarter 2023 earnings release and supplemental presentation on the morning of Monday, August 14, 2023, which will be available in the Investor Relations section under the events tab of the Harbor website at https://investors.harborcustomdev.
TACOMA, Wash, July 18, 2023 (GLOBE NEWSWIRE) -- Harbor Custom Development, Inc. (NASDAQ:HCDI, HCDIP, HCDIW, HCDIZ))) ("Harbor," "Harbor Custom Homes®," or the "Company"), a real estate company involved in all aspects of the land development cycle, announced the internal promotion of four of The Company's leadership team, including Yoshi Niino, Kyla Sawtell, Mark Long, and Jennifer Lang. "We are thrilled to introduce Yoshi, Kyla, Mark, and Jen as essential additions to our leadership team. With this dynamic team in place, we will harness their collective expertise to bring new energy, drive innovation, and optimize efficiency to maximize value for our shareholders," stated Jeff Habersetz
TACOMA, Wash, July 13, 2023 (GLOBE NEWSWIRE) -- Harbor Custom Development, Inc. (NASDAQ:HCDI, HCDIP, HCDIW, HCDIZ))) ("Harbor," "Harbor Custom Homes®,"or the "Company"), a real estate company involved in all aspects of the land development cycle, announced Jeff Habersetzer as the Company's Interim Chief Executive Officer and Interim President at the annual meeting of shareholders held on Wednesday, July 12, 2023, effective immediately. Mr. Habersetzer, who has served as Harbor's Chief Operating Officer, General Counsel, and Corporate Secretary, has been with the Company since 2019 and has played an integral role in the growth and success of the Company. Mr. Habersetzer has an extensive b
Belfair View Apartments are located at 81 NE Ridge Point Blvd, Belfair, WA 98528 TACOMA, Wash, July 06, 2023 (GLOBE NEWSWIRE) -- Harbor Custom Development, Inc. (NASDAQ:HCDI, HCDIP, HCDIW, HCDIZ))) ("Harbor," "Harbor Custom Homes®," or the "Company"), a real estate company involved in all aspects of the land development cycle, today announced it closed on a $19,950,000 loan with Sound Capital to refinance phase one of the 126-unit Belfair View Apartment multi-family project in Belfair, Washington. "We are pleased to announce the continuation of our lending relationship with Sound Capital. Over the past five years, they have been a trusted partner for our Company, providing financin
TACOMA, Wash, June 26, 2023 (GLOBE NEWSWIRE) -- Harbor Custom Development, Inc. (NASDAQ:HCDI, HCDIP, HCDIW, HCDIZ))) ("Harbor," "Harbor Custom Homes®," or the "Company"), a real estate company involved in all aspects of the land development cycle, today announced Lance Brown, Chief Financial Officer, will be resigning from the Company, effective July 21, 2023. Mr. Brown's decision to resign does not relate to any disagreement with the Company's management, the Board of Directors of the Company, or the Company's independent auditors regarding any matter pertaining to the Company's operations, accounting practices, financial disclosures, internal controls, policies, or practices. The Company
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TACOMA, Wash, Aug. 02, 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 the date of the Company's second quarter 2023 earnings release and presentation. Second Quarter 2023 Earnings Release and Financial Results DetailsHarbor will issue its second quarter 2023 earnings release and supplemental presentation on the morning of Monday, August 14, 2023, which will be available in the Investor Relations section under the events tab of the Harbor website at https://investors.harborcustomdev.
TACOMA, Wash., May 15, 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 its financial results for the first quarter ended March 31, 2023. First Quarter 2023 Financial Highlights Compared to First Quarter 2022 Sales of $9.2 million compared to $28.6 millionGross loss of $(2.0) million compared to gross profit of $6.1 millionGross margin loss of (22.3)% compared to gross margin 21.2%Net loss of $(4.9) million compared to net income of $1.6 millionBasic loss per share of $(9.39) compared to
TACOMA, Wash, May 04, 2023 (GLOBE NEWSWIRE) -- Harbor Custom Development, Inc. ("Harbor," "Harbor Custom Homes®," or the "Company"), (NASDAQ:HCDI, HCDIP, HCDIW, HCDIZ))), an innovative real estate company involved in all aspects of the land development cycle, today announced the date of the Company's first quarter 2023 earnings release and earnings conference call. Earnings Release and Financial Results Conference Call DetailsHarbor will host a conference call and webcast on Monday, May 15, 2023, at 9:30 a.m. PT (12:30 p.m. ET) to elaborate on the first quarter of 2023. The public may access the conference call and webcast at https://investors.harborcustomdev.com/events. Harbor will b
TACOMA, Wash., March 31, 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 its financial results for the fourth quarter and full year ended December 31, 2022. Fourth Quarter 2022 Financial Highlights Compared to Fourth Quarter 2021 Sales of $4.8 million compared to $26.3 millionGross loss of $(5.0) million compared to gross profit of $10.9 millionGross margin loss of (104.5)% compared to gross margin of 41.2%Net loss of $(10.6) million compared to net income of $5.6 millionBasic l
TACOMA, Wash, March 24, 2023 (GLOBE NEWSWIRE) -- Harbor Custom Development, Inc. ("Harbor," "Harbor Custom Homes®," or the "Company"), (NASDAQ:HCDI, HCDIP, HCDIW, HCDIZ))), an innovative real estate company involved in all aspects of the land development cycle, today announced the date of the Company's fourth quarter and full year 2022 earnings release and earnings conference call. Earnings Release and Financial Results Conference Call DetailsHarbor will host a conference call and webcast on Friday, March 31, 2023, at 9:30 a.m. PT (12:30 p.m. ET) to elaborate on the fourth quarter and full year financial results ended December 31, 2022. The public may access the conference call and we
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. Third Quarter 2022 Financial Highlights Compared to Third Quarter 2021 Sales of $11.7 million compared to $18.0 millionGross profit of $0.4 million compared to $7.1 millionGross margin of 3.7% compared to 39.7%Net loss of $(3.4) million compared to net income of $3.7 millionLoss per s
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. Earnings Release and Financial Results Conference Call DetailsHarbor will host a conference call and webcast on Monday, November 14, 2022, at 9:30 a.m. PT (12:30 p.m. ET) to elaborate on the third quarter 2022 financial results and the Company's outlook. The public may access the conference call and web
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. Second Quarter 2022 Financial Highlights Compared to Second Quarter 2021 Sales of $10.3 million compared to $14.1 millionGross loss of $(1.9) million compared to $3.3 million gross profitGross margin (loss) of (18.8)% compared to 23.5%Net loss of $(4.5) million compared to net income of $1.1 millionLoss per share of
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. Earnings Release and Financial Results Conference Call Details Harbor will host a conference call and webcast on Monday, August 15, 2022, at 9:30 a.m. PT (12:30 p.m. ET) to elaborate on the second quarter 2022 financial results and the Company's outlook. The public may access the conference call and webcast
TACOMA, Wash., May 12, 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 first quarter ended March 31, 2022. First Quarter 2022 Financial Highlights Compared to First Quarter 2021 Consolidated net sales of $28.6 million compared to $13.9 millionGross profit of $6.1 million compared to $0.6 millionGross margin of 21.2% compared to 4.4%Net income of $1.6 million compared to a net loss of $(1.5) millionBasic loss per share (EPS) of $(0.03) co
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TACOMA, Wash, July 13, 2023 (GLOBE NEWSWIRE) -- Harbor Custom Development, Inc. (NASDAQ:HCDI, HCDIP, HCDIW, HCDIZ))) ("Harbor," "Harbor Custom Homes®,"or the "Company"), a real estate company involved in all aspects of the land development cycle, announced Jeff Habersetzer as the Company's Interim Chief Executive Officer and Interim President at the annual meeting of shareholders held on Wednesday, July 12, 2023, effective immediately. Mr. Habersetzer, who has served as Harbor's Chief Operating Officer, General Counsel, and Corporate Secretary, has been with the Company since 2019 and has played an integral role in the growth and success of the Company. Mr. Habersetzer has an extensive b
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. For 25 years, Bryant has run high-profile organizations, navigating complex internal and external dynamics while driving business growth and operational excellence. She was at the helm of women's professional basketball in the Pacific Northwest for 18 y
Gig Harbor, Washington, Nov. 02, 2021 (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 hiring of Lance Brown, as the Company's Chief Financial Officer, effective November 1, 2021. "We are thrilled to welcome Lance Brown to the Harbor team. His experience as a highly successful financial executive of a publicly traded company in our industry provides both the expertise and financial leadership to drive Harbor's rapid expansion into the nation's fastest-growing metro r
Gig Harbor, Washington , Sept. 01, 2021 (GLOBE NEWSWIRE) -- Harbor Custom Development, Inc. ("Harbor," "Harbor Custom Homes®," or the "Company"), (NASDAQ:HCDI, HCDIP, HCDIW))), an innovative and market leading real estate company involved in all aspects of the land development cycle, announced today the appointment of Christopher J. Corr to its Board of Directors, effective September 1, 2021. Mr. Corr is a shareholder and Executive Vice President of Kidder Mathews, the largest independent commercial real estate firm on the West Coast. Mr. Corr specializes in selling and leasing office and industrial properties in South King County, Washington. Since joining Kidder Mathews in 1986, Mr. Co
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