HCDI Stock

Harbor Custom Development Inc. (NASDAQ:HCDI) announced it has voluntarily filed for protection under Chapter 11 of the United States Bankruptcy Code in the Western District of Washington at Tacoma. In a statement, the company said it has filed several customary first-day motions with the Bankruptcy Court that will allow it to continue operating in the ordinary course of business while it prepares a Plan of Reorganization to ensure that it can maximize value for the benefit of its creditors.

Harbor Custom Development Inc. (NASDAQ:HCDI) has announced 17 new construction homes are available to purchase now and into the fall in the Austin and Horseshoe Bay metropolitan statistical areas (MSAs). The company noted that the spacious homes range from 3,040 to 4,836 square feet and feature four to five bedrooms, four to five bathrooms, and three-car garages.

Harbor Custom Development Inc. (NASDAQ:HCDI) told investors it is now leasing its Meadowscape apartments in Olympia, Washington. The Tacoma, Washington-based real estate company noted that the complex broke ground in September 2021, and it anticipates the project to be complete in the fourth quarter of 2023.

Harbor Custom Development Inc (HCDI) posted an almost 93% year-over-year jump in sales for the second quarter driven by the closing of the first and smallest of its multifamily projects, Mills Crossing in Bremerton, Washington for $14.3 million in addition to $1.9 million in lot sales in California and Texas. The real estate development company said its sales increased from $10.3 million in the year-ago quarter to $19.8 million.

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.

Harbor Custom Development Inc, a real estate company involved in land development, has announced the internal promotion of four key members of its leadership team. The promotions include Yoshi Niino as chief accounting officer, Kyla Sawtell as vice president of operations, Mark Long as vice president of development and construction, and Jennifer Lang as vice president of marketing.

Harbor Custom Development, a real estate company involved in land development, has appointed Jeff Habersetzer as its president and CEO on an interim basis following the retirement of CEO Sterling Griffin. The news was revealed by Griffin at the company's annual general meeting held on July 12.

Harbor Custom Development said it has closed on a $19,950,000 loan with lender Sound Capital to refinance the first phase of its 126-unit Belfair View apartment multi-family project located in Belfair, Washington. “We are pleased to announce the continuation of our lending relationship with Sound Capital,” Harbor Custom Development chief operating officer Jeff Habersetzer said in a statement.

Harbor Custom Development Inc. (NASDAQ:HCDI) said it has initiated the search for a new chief financial officer (CFO) after announcing that Lance Brown, its current CFO, will be resigning from his position, effective July 21, 2023. In the interim, the company said, Yoshi Niino, Harbor's director of accounting since February 2022, will be promoted to the role of chief accounting officer, effective July 21, 2023.