Why Are Harbor Custom Development (HCDI) Shares Soaring Today

Harbor Custom Development Inc HCDI shares are soaring after Kitsap Community Resources waived all contingencies in the sale of Mills Crossing townhomes in Bremerton, Washington.
Kitsap has also released their $400,0000 of non-refundable earnest money to Harbor.
Kitsap Community Resources contracted to purchase Mills Crossing for $14.25 million and anticipates closing on or before June 16, 2023.
Mills Crossing is a 36-unit townhome project located at Washington with two-bedroom, two-bathroom townhome rentals average 1,425 square feet.
"We are pleased to partner with Kitsap Community Resources on the sale of Mills Crossing, and excited about the chance to provide high-quality, affordable housing to families in Kitsap County," stated President and CEO Sterling Griffin.
Price Action: HCDI shares are trading higher at 134.9% at $11.20 on the last check Wednesday.
Photo Via Company

Why Are Harbor Custom Development Shares Soaring Today