Tuesday, April 2, 2024

April 2024


President's Message 

BANNJ President, Derek Weissman

Many thanks to Jared Lans, Esq. for presenting a valuable overview of The New Corporate Transparency Act and how it affects all member businesses on March 7th.  The information was very interesting and important for members to know to protect your companies from fines and penalties that may be imposed.   As this law is still in the process of determining certain parameters and guidelines, stay tuned for an update from Jared on this topic later this year.   

On April 26th, we have a fantastic event with the Metropolitan Builders and Contractors Association and the National Kitchen and Bath Association NNJ for Night at the Races at Meadowlands Racetrack!   Contact kathleen@bannj.org for any available tickets.   

We hope to see many of our members at our 77th Annual Golf Outing & Scholarship Awards at White Beeches Golf & Country Club on Monday, May 13th.  Reserve a foursome or golf tickets, sponsor to highlight your company to Northern NJ industry professionals and/or attend the cocktail reception and dinner after the outing for excellent networking.  Foursomes and golf tickets are selling fast so be sure to reserve your spot today at https://members.bannj.org/events.

 

Kathleen M. Kurpiel

Congratulations to BANNJ Executive Vice President, Kathleen M. Kurpiel, for being recognized during the Executive Officer’s Council luncheon at the International Builder’s Show for a milestone 15 years as a local executive officer. Ms. Kurpiel is a graduate of Rutger’s University with a master’s degree in Labor and Employment Relations and has served on the NAHB EOC as a Regional Director in 2018-2019. 

The Builders Association of Northern New Jersey (BANNJ) and the Metropolitan Builders and Contractors Association of New Jersey (Metro) Bergen County Workforce Development Board Presents: “Exploring Careers That Build America: Construction
and Skilled Trades"

Click here for press release


Join BANNJ Premier Partner and Event Sponsor Reno’s Appliance at Fashion for Compassion on May 8th for this wonderful annual event for a great cause to benefit St. Joseph’s Children’s Hospital.  See information below to attend or sponsor.  

Click on picture to enlarge


BANNJ is promoting our Affiliate Member Program this year and we invite all builder and associate member companies to encourage your employees and colleagues to join. Affiliate membership is open to any person that is employed by a builder or associate member in good standing. Help grow our association and for just $75 per year each affiliate will have full
member benefits and privileges including all member benefits, access to events, committees, discounts, etc. Email kathleen@bannj.org today to register your affiliates! Welcome to the following new affiliate members so far this year:


Doug Hazard-HBA Rebates
Mark Ygarza-Jared M. Lans & Associates
Nicholas Gallinger-Jared M. Lans & Associates
Kristina LoPiccolo-Creative Design Construction
Aimee Haber-Creative Design Construction
Barbara Bertone-Archuleta Builders
Lew Petty-Archuleta Builders
James Shertz-Reno’s Appliance
Eva Hajek-Reno’s Appliance
Laurie Antosy-Sub Zero, Wolf & Cove
Omar Khan-Procida


Builder Sentiment Rises Above Breakeven Point

Open Construction Jobs Rising

Coastal Construction: Outsized Multifamily Construction Compared to Single-Family

US new home sales fall; median price lowest in more than 2-1/2 years

Home price growth is back at pre-pandemic levels. Here’s what that means for buyers and sellers

Average long-term US mortgage rate falls slightly, easing borrowing costs for home shoppers

Mortgage demand stalls, even as interest rates moderate

Will home prices drop in 2024?

Could first-time home buyers lose out under new commission rules?

Escalating insurance costs deepen housing affordability crunch: Freddie Mac

Berkeley will repeal its landmark ban on natural gas in new homes



Congratulations to the following BANNJ members who won awards at both the National and State levels of our Association in February and March: 

NAHB Sales & Marketing Awards:(Gold Winners) The Marketing Directors (several categories) and New World Group.  See all categories/winners https://online.flippingbook.com/view/974673120/104/
NAHB Remodelers Awards: (Gold Winners) Archuleta Builders, Best Home Kitchen Remodel ($150,000-$300,000) and finalist for Best Creative Space (basement gym) and W.A. Construct, Best Home Addition. See winners and project photos here https://online.flippingbook.com/view/460840212/28-29/

NJBA Sales & Marketing (SAM) Awards: Hornrock Properties, New World Group, WA Construct, Russo Development, The Marketing Directors, NewRez.  See full list of categories/winners https://njba.org/wp-content/uploads/2024/03/WinnersBooklet_74_.pdf

 Friday, April 26th-Night at the Races with METRO@ Meadowlands Racetrack


Monday, May 13th-Annual Golf Outing & Scholarship Awards


Thursday, July 11th Multi-Association Summer Business Social at Reno’s Appliance


Register for all events at 

https://members.bannj.org/events