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The Greatest Obstacle to SoCal Housing Development

IRVINE, CA—Keeping homebuilding both profitable for the developer and affordable for the homebuyer is the top challenge builders face today, MBK Homes’ Craig Jones tells GlobeSt.com as he prepares to take over the company reins.

Craig Jones Jones: “The Millennial generation rents for longer, and as they move through that life cycle of having a roommate and then perhaps getting married and having a family, that life cycle will eventually lead to homeownership.”

IRVINE, CA—Keeping homebuilding both profitable for the developer and affordable for the homebuyer is the top challenge builders face today, MBK Homes LLC’s president Craig Jones tells GlobeSt.com. Jones took over the company reins this month after former president and CEO Timothy Kane, who spent more than 20 years with the firm, retired.

Jones brings more than 20 years of experience in acquisition, asset management, strategic planning and market research to his new role. He has been with MBK since February 2012, where he developed MBK’s apartment-investment strategy and the establishment of MBK Rental Living, including sourcing and land acquisition for the development of multifamily and single-family communities throughout California. In addition, he oversaw asset management of existing apartment communities and product development.

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Carrie Rossenfeld

Carrie Rossenfeld

Carrie Rossenfeld is a reporter for the San Diego and Orange County markets on GlobeSt.com and a contributor to Real Estate Forum. She was a trade-magazine and newsletter editor in New York City before moving to Southern California to become a freelance writer and editor for magazines, books and websites. Rossenfeld has written extensively on topics including commercial real estate, running a medical practice, intellectual-property licensing and giftware. She has edited books about profiting from real estate and has ghostwritten a book about starting a home-based business.

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