President's Message
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| BANNJ President, Derek Weissman |
On behalf of our Board of Directors, we hope all members enjoyed a wonderful summer and Labor Day weekend! We are all looking forward to our first event of the fall, our Annual Business Showcase & Beefsteak, on Thursday, September 18th. Tabletops are now sold out but there is still time to reserve some spots for dinner and meet and greet with our vendors to gain knowledge of products and services of some of our local and national companies and see what is new for the housing market. Be a part of industry team building in the bread building contest to benefit St. Joseph’s Children’s Hospital. Kindly make all reservations for this event no later than September 5th at https://members.bannj.org/events or call the BANNJ office.
BANNJ is also supporting JL Blessings who will be a vendor at the Business Showcase and Beefsteak this year. Attendees are encouraged to support this wonderful organization which provides backpacks with life’s necessities for homeless individuals in Northern NJ. Beefsteak attendees who would like to bring a backpack and/or listed items to the event will be eligible for a prize. You can also read more about this organization, view a list of suggested items and how to donate at www.JLBlessings.org.
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September is designated as NAHB Associate Appreciation Month. BANNJ could not be as successful as we are without the dedication and support of our Associate Members.
Do Business with a BANNJ Associate Member is an initiative aimed to foster relationships among Builder, Associate and Affiliate members. When BANNJ members do business together, everyone benefits. Working together keeps things close to home, supports local building communities and ensures a strong housing market, now and in the future.
Associates are the very essence of building; contractors, supply companies, an other professionals, such as attorneys, realtors, mortgage reps, designers, as well many others, all take part in the single family and multi-family building process.
Thank you to all of you and we look forward to working together on new initiatives for BANNJ this year. All Builder Members are encouraged to attend our September 18th showcase event in support of our associates.
NAHB Kicks Off Associate Member Appreciation Month 2025
Associates:
Daltile
Rocco
Gallotta
115 Moonachie Avenue
Moonachie, NJ 07470
rocco.gallotta@daltile.com
201-729-0203
Immersive360
Daniel Molina
273 Van Winkle Street
East Rutherford, NJ 07073
201-667-1856
dan.teamtierone@gmail.com
OldCastle
Derek
Wyatt
95 Oak Road
Boonton, NJ 07005
509-827-8648
derek.wyatt@oldcastle.com
Thomas Marinaro
112 Natalie Court
Bloomingdale NJ 07403
973-650-2457
tomrhf@gmail.com
Lumber futures fell to $550 per thousand board feet in September, the lowest in nearly four months, amid softer demand for new home building and ample supply. US building permits fell 2.2% in July to a seasonally adjusted annualized rate of 1.362 million, the lowest since June 2020. Although the market anticipates a potential rate cut in September, rates are expected to remain restrictive, and high inflation expectations are expected to support long-maturity yields, which dictate mortgage costs. Seasonal slowdown in construction is set to magnify the drop in housing construction. On the supply side, Canadian mills continue to push large volumes of surplus lumber into the US market, far exceeding actual demand and creating an oversupply situation. Additionally, ongoing tariff issues between the US and Canada add further uncertainty, as potential changes in trade policy could significantly affect US lumber prices.
Thursday, September 18th
See information on this and all upcoming events at https://members.bannj.org/events
