Gig Harbor, Washington , July 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 it will be featured on the Viewpoint program regarding the effects of Covid -19 on the single-family home market.
Harbor Custom Homes Viewpoint segment focuses on the national housing shortage, urban flight, and the growth of telework across the U.S. COVID - 19 exacerbated the pre-pandemic housing shortage by driving inventory to record lows. Forced with lockdowns, school closures, and limited access to offices, restaurants and other amenities, urban populations have sought out larger homes in the suburbs and rural areas that provides additional space for telework, children’s play areas, and fitness.
“We are purchasing lots and land in some of the fastest-growing and strongest job markets in the country. Our objective to address the lot shortage in the communities we serve is through acquisition and development of land to create more lots for home building. By creating planned communities and building the site infrastructure, such as the roads, sidewalks, and utilities, Harbor Custom Development is helping ease the shortage of housing in the areas we serve,” stated Sterling Griffin, President and CEO of Harbor Custom Homes.
Learn more about where Harbor Custom Development, Inc. is developing communities near you, or to watch the Viewpoint segment visit www.HarborCustomHomes.com.
About Viewpoint
Viewpoint serves as a premier educational platform, sharing innovative stories of industry progress and personal achievement across multiple spectrums. Created and developed by many industry veterans with hundreds of years of cumulative experience, Viewpoint cultivates each segment with an approach that adds value to its distribution partners and ultimately to people’s lives. The goal of Viewpoint is to enlighten the audience by delivering diverse informational and educational documentaries by covering a variety of issues and topics. Viewpoint is dedicated to the mission of developing and distributing social and educational programming about our neighbors, our community, and world to Public Television. The program is hosted by acting veteran Dennis Quaid.
About Harbor Custom Development, Inc.
Harbor Custom Development, Inc. is a real estate development company involved in all aspects of the land development cycle including land acquisition, entitlements, construction of project infrastructure, home building, marketing, sales, and management of various residential projects in Western Washington’s Puget Sound region; Sacramento, California; and Austin, Texas. Harbor has active or recently sold-out residential communities in Gig Harbor, Bremerton, Silverdale, Bainbridge Island, and Allyn in the state of Washington. In addition, Harbor has acquired land and will begin constructing homes in two new markets. In the Sacramento metro market, Harbor will be constructing homes in completed subdivisions in both Rocklin and Auburn, California. In the Austin metro market, Harbor has acquired developed lot inventory in Dripping Springs, Driftwood, and Horseshoe Bay, Texas. 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 focuses on real estate within target markets with convenient access to metropolitan areas that are generally characterized by diverse economic and employment bases and increasing populations. For more information on Harbor Custom Development, Inc., please visit www.harborcustomdev.com.
Forward-Looking Statements
Certain statements in this press release constitute “forward-looking statements” within the meaning of the federal securities laws. Words such as “may,” “might,” “should,” “believe,” “expect,” “anticipate,” “estimate,” “continue,” “predict,” “forecast,” “project,” “plan,” “intend” or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements. These forward-looking statements are based upon current estimates and assumptions. While the Company believes these forward-looking statements are reasonable, undue reliance should not be placed on any such forward-looking statements, which are based on information available to us on the date of this release. These forward-looking statements are subject to various risks and uncertainties, including without limitation those set forth in the Company’s filings with the Securities and Exchange Commission. Thus, actual results could be materially different. The Company expressly disclaims any obligation to update or alter statements whether as a result of new information, future events or otherwise, except as required by law.