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| John Cioletti, BANNJ President |
BANNJ President's Message
I hope all of
our members enjoyed the summer months spending time with family and
friends.
I would like to begin my message by declaring "September Associate Appreciation Month!" Our associate members are valued every day of every month as they are a vital part of our association and the home-building process. To all BANNJ builder members, it's truly good business to do business with an associate member. As we transition into fall, we
begin our schedule of events with our Annual Business Showcase &
Beefsteak at The Brownstone on Thursday, September 23rd. This is a perfect way to say thank you to our associate members by supporting this entertaining and time honored event!
There is still time to reserve a tabletop and showcase your company products and services to the Northern NJ building community. Take a dinner table and spend an evening with your colleagues, employees and friends at this fun event. Sponsorships available to market your company, so be sure to register by September 13 to ensure your spot. All Beefsteak sponsors will be highlighted in the October issue of Northern Lights.
After the Beefsteak, don’t miss the favorite Reno’s Pre-Holiday Networking Party on October 28th, followed by general membership meetings to include networking and educational seminars on November 18th at the stunning new Ferguson showroom in Mahwah and on December 2nd at the beautiful Wayne Tile showroom in Ramsey. See information below and register for all events at https://members.bannj.org/events.
Get ready for our Fall Membership Drive coming up in October for a chance to win a free membership with details coming soon.
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| Mike Kurpiel, NAHB NJ State Representative |
New Jersey State Representative NAHB Report
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It’s tough to buy a new home—And the pandemic isn’t the only culprit. Here’s what you should know. |
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Housing construction is sluggish. Home prices are soaring. Buyers are hungry but have fewer options. The Covid-19 pandemic exposed a severe housing issue that was more than a decade in the making: The housing market is ill-prepared for many of the 72 million millennials who are now in the prime age range to purchase at home. |
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Pending home sales slide for second month in a row — even though economists predicted an increase |
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Fewer Americans signed on the dotted line in July to purchase a home — but it’s likely too early to say whether that’s a signal of a cooling market |
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Home prices continued to grow at a record pace in June, according to a leading barometer. The latest edition of the S&P CoreLogic Case-Shiller Home Price Index showed that home prices increased 18.6% from a year ago in June, marking the third consecutive month of record growth in the more than 30-year history of the index. |
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Weekly mortgage-refinance demand drops as interest rates stall |
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A prolonged period of low mortgage rates is taking its toll on the refinance market, as most borrowers who qualify have already gone through the process. |
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For any homebuyer, novice or weathered, the 2021 housing market has been harrowing to navigate. |
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Here's why experts believe the U.S. is in a housing boom and not a bubble |
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The U.S. housing market has been an unlikely beneficiary from the Covid-19 pandemic.
 Thursday, September 23rd-Annual Business Showcase & Beefsteak at The Brownstone. Join us for this favorite annual event, reconnect with peers and showcase your company products/services to the Northern NJ building industry or attend for the showcase and beefsteak dinner. Excellent sponsorships available. Be sure to register by September 13th!  October 12-13 NJBA Atlantic Builders Convention, Harrah’s Atlantic City Attendee registration for the Atlantic Builders Convention is now open. Exhibit spaces continue to sell quickly, do not miss your chance to participate in the largest home building industry trade show in the northeast! Register or learn more below. https://www.abconvention.com/
October 14-16 NAHB Fall Leadership Council Meetings, Houston TX Thursday,
December 2nd-Board
of Directors Meeting
followed by Cyber Security Update and How to Protect Your Business from
New Threats. Join us at the beautiful Wayne Tile Showroom in Ramsey, NJ
for a festive holiday gathering and get important information from our
expert speaker about new updates to Cyber Security and How to Protect
Your Business. And Save the Date in 2022-Thursday, January 27th Annual Installation & Awards Dinner at The Graycliff Fine Catering. Join NJBA is the Virtual Neighborhood
NJBA has gone live with their new engagement tool, NJBA Virtual Neighborhood. If you have not yet had the chance to visit the Neighborhood, I hope you will start the new year off by checking in and sharing your thoughts with your fellow members. It is very easy to get started: 1. First, follow this link (https://NJBA.tradewing.com/home) to navigate to the Neighborhood! We recommend you bookmark this page so that it’s easy for you to find. 2. Next, click where it says “Forgot Your Password? Reset it here”. You’ll only have to do this the first time you login. 3. Enter your email address. Please be sure to use the same email address attached to your NJBA Membership. 4. Check your email for an activation link. You may have to check your Spam folder. 5. Click on the link, set your password, and begin exploring! Whether you’ve built your home in the neighborhood or are just moving in, remember to keep an eye on your spam/junk folders. Notices and digests sometimes get caught there. If you have any questions or problems getting started, please contact Lisa@NJBA.org |
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