Harbor Custom Development, Inc.
HCDIZ
NASDAQ Capital Market0.00
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Harbor Custom Development, Inc.
HCDIZ
(NASDAQ Capital Market)
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ROIC.AI
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- Business
- Harbor Custom Development, Inc. (OTC: HCDIZ) engages in real estate development and homebuilding, primarily focused on designing, constructing, and selling single-family homes and master-planned communities in the Pacific Northwest region of the United States. The company offers a range of residential products including custom homes, townhomes, condominiums, and multi-family units; land development services for residential subdivisions; property management; and construction management for third-party clients, with brands emphasizing high-quality, customizable designs tailored to regional preferences. Harbor Custom Development operates principally in Washington and Idaho, with projects in key markets such as Gig Harbor, Bremerton, and the greater Puget Sound area; it maintains headquarters in Gig Harbor, Washington, where it was founded in 2014. In recent developments, the company has navigated financial restructuring amid market challenges, including a Chapter 11 bankruptcy filing in 2024 followed by emergence through a prepackaged plan that reduced debt and strengthened its balance sheet for renewed growth; it also completed strategic asset sales and pursued operational efficiencies to focus on high-margin projects. No major partnerships, acquisitions, or new product launches have been publicly announced in the last 1-2 years, though the firm continues to expand its pipeline of entitled lots and preconstruction opportunities in response to housing demand.