Harbor Custom Development Inc CEO Sterling Griffin joined Proactive to discuss its 2021 year-end financials, revealing top-line revenue growth of over 43% year-over-year in its first full year as a public company.
The real estate company, which is involved in all aspects of the land development cycle, said it had generated net sales of $72.4 million in the year to end December 31, 2021, compared to $50.4 million in 2020. Harbor attributed the growth to increases in sales of entitled land of $20.6 million, sales of developed lots of $14.3 million, and fee build of $6.8 million, primarily offset by a decrease in home sales of $19.6 million.