March 2025

 President's Message 

BANNJ President, Derek Weissman

 

Many thanks to Danushka Nanayakkara-Skillington, Vice President of Forecasting and Analysis for the National Association of Home Builders for presenting a fantastic 2025 Economic Housing Forecast on February 13th. Danushka gave a valuable post-election analysis of the housing market and included topics such as job openings affecting housing, consumer inflation affecting housing, monetary policy and mortgage rates, supply side issues and demand, building materials outlook and tariffs, housing affordability, and the construction outlook including remodeling, single family and multi-family housing starts. All attendees gained important information to take back to their companies. 

We hope to see many of our members in March at
the Atlantic Builders Convention from March 25-27 at the Hard Rock Hotel in Atlantic City! 

On Thursday, April 3rd, BANNJ and Metropolitan Builders and Contractors Association will meet for an industry networking event at the beautiful Reliance Surfaces showroom in Kenilworth, NJ. Make new business connections and tour this amazing showroom while you enjoy delicious food and beverages. Tickets are $25 per person and include a complimentary guest so register today! 

Our Golf and Scholarship Awards Committee is working diligently on our Annual Outing at our exclusive new venue this year, Edgewood Country Club in River Vale, NJ. Join us on Monday May 12th for a beautiful day on the course, take a sponsorship to market your company to over 100 Northern NJ building industry professionals and/or join us for cocktails and dinner following the outing. Golf registrations limited so be sure to take advantage of our early pricing registration from March 1st to April 1st of $200 off each foursome and $50 off per golfer. 

Our leadership team along with Metro will continue to expand our advocacy involvement by meeting with NJ legislators ahead of this year’s important election. In the past several months we have met Congressman Tom Kean, Jr., Rep. Jack Ciattarelli, Rep. Josh Gottheimer, and in March will meet with Rep. Mikie Sherrill to discuss housing issues important to our members in New Jersey. 

Our February issue highlighted our Annual Installation and Awards Dinner leadership, award winners, sponsors and vendors and here is the video just published by the team at
Procida CLICK HERE Also be sure to visit our
website Photo Gallery, Facebook and Instagram for more photos and videos of this amazing event!

 Builders:
Michael Pina
Cousins III, LLC.
25 Midwood Avenue
Allendale, NJ 07401
201-783-4704
cousins3llc@gmail.com

Associates:

Mirnozi Construction LLC.
Aziz Asy
41 Luhrs Court
Secaucus, NJ 07094
201-679-1039
ozz@mirnozi.com

King Modern Products
Kareen Chablani, President
49 Troy Meadow Road
Parsippany, NJ 07052
917-424-9111
info@kingmodernproducts.com

 

Town Appliance
Daniel Kraftmann
10 S Clifton Avenue
Lakewood, NJ 08701
dsk@townappliance.com

 

 

Tariff, immigration policy squeezing 'every market': NAHB CEO (video)

Homebuilders have lots of reasons to feel downbeat about the housing market

‘Enormous fear’: Housing industry braces for Trump tariffs, workforce cuts

 Weekly mortgage demand drops 6%, as homebuyers remain ‘on the fence’

 Mortgage rates fall for fifth week in a row, hover near 7%

 U.S. housing market could lose nearly $1.5 trillion in value due to rising costs of climate change

Here’s what happens if Fannie Mae and Freddie Mac go private

 

 

Richard Gaynor

HIC New Licensing Bond Mandatory 

Requirements-Information and Special Savings 

by Richard Gaynor

Middleton and Company Insurance

2025 College and Trade School Scholarship Applications Now Available!    BANNJ Members- If you know a student who plans to pursue a degree or career training in the building industry and resides in Bergen, Passaic, Hudson or Sussex Counties, kindly pass along. Please see https://www.bannj.org/scholarship-foundation/ for more information and to download applications.  Deadline for submissions is April 1, 2025. Member Education: Be sure to view/register for upcoming NAHB Professional Development Courses available for members at https://elearning.nahb.org/.  Contact kathleen@bannj.org or 201-843-6868 to obtain your member PIN# or other credentials required to register for member pricing.

 

 

 

 

 

March 25-27-Atlantic Builders Convention, Hard Rock Hotel and Casino, Atlantic City 

 

Thursday, April 3^rd-Networking Meeting with Metropolitan Builders and Contractors Association at Reliance Surfaces, Kenilworth NJ. Excellent opportunity to make business connections with builders and associate trade professionals from around the state.

 

Monday, May 12^th-Annual Golf Outing & Scholarship Awards-**NEW VENUE** Edgewood Country Club, River Vale, NJ.  Tee up new business at our annual event and join us on the course at this beautiful, private club.  High visibility sponsorships available and cocktail and dinner only tickets available for non-golfers to attend for networking.  10:30AM Registration; Brunch; Lunch on course; 12:00PM Shotgun start; 5:00PM Cocktails and Dinner/Awards presentations.

Register for all events at 

https://members.bannj.org/events