President's Message
BANNJ President, Alan Archuleta |
Congratulations to John Cioletti and the team at Reno’s Appliance for attaining 75 years in business!
Hundred of colleagues, supporters and friends gathered at the beautiful Reno’s showroom in Paterson on July 9th for a summer celebration of this wonderful family business and all they do for the building industry and the community.
Thank you to Reno’s once again for generously hosting such an elevated event to help promote business relationships and industry connections.
In addition, all attendees enjoyed the fantastic food and refreshments, live music, amazing magician and of course, the famous prizes.
See photos from this and all events at https://www.bannj.org/image-
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| John Cioletti, Reno's Appliance |
View this amazing article highlighting Reno’s special milestone in Best of Essex
Next up is our Multi-Association Networking Event on Wednesday, September 9th featuring ASID, NKBA and NARI along with BANNJ as we create some new business connections and opportunities to learn through 2 CEU presentations by Zip Water and Stone Source. Hosted by Stone Source in their Carlstadt showroom, we hope you will join us to obtain some valuable industry product information and enhance your network.
Associates:
Garden State Mortgage Corp.
Vincent Giordano
250 Pehle Avenue Suite 302
Park 80 West Plaza 2
Saddle Brook, NJ 07663
201-755-8872
vin@gsmlending.com
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- The Rate Hike: Starting in August, the total tariff rate on Canadian softwood lumber imports is set to push to 35.9%.
- Market Preemptive Reaction: Unlike vague or open-ended timelines, this hard start date has already forced builders and stocking distributors to scramble to secure inventory early.
- Broad Impact: The price hikes are hitting both Spruce-Pine-Fir (SPF) and Southern Yellow Pine (SYP), meaning virtually all residential framing packages and outdoor building projects are exposed to the increase.
- Many sawmills are heavily consolidated or closing down entirely. High costs for energy, labor, and maintenance mean that mills prefer to curtail production or shutter rather than sell wood at a financial loss.
- Ongoing wildfire risks across Canada and the Pacific Northwest further threaten to disrupt logging operations and spike spot-market pricing overnight.
- Uneven Building Activity: Single-family construction remains only modestly supportive, multifamily building has softened, and the repair-and-remodel sector is left doing the heavy lifting.
- Just-In-Time Buying: Most secondary suppliers and builders are carrying lean inventories and relying on just-in-time logistics. This provides no buffer against sudden short-term spikes in demand or transport bottlenecks.
- Freight and Transport Woes: Heavy, sudden increases in transportation fuel costs and difficulties sourcing physical railcars are driving up the final landed cost of wood. These logistics premiums are being directly passed onto end consumers.
Coming Up!
Wednesday, September 9th- 4:30pm
Multi-Association Networking & CEU Presentation from Zipwater at Stone Source, Carlstadt. Join BANNJ, NKBA, ASID and NARI for an industry gathering to build your connections, enjoy the wonderful hospitality and showroom tour of our host, Stone Source, and earn two (2) valuable CEU’s with a very informative presentation.
Thursday, October 1st 4:00pm-5:00pm
Virtual Educational Presentation on How to Protect Your Residential Construction Business: Mastering NJ (NY) Home Improvement Contractor Rules & Consumer Protection Laws Building beautiful Homes is only part of running a successful business. Understanding New Jersey's Home Improvement Contractor Registration requirements and the Consumer Fraud Act is essential to protecting your company from costly fines, contract disputes, lawsuits, and license issues. This informative seminar will provide Home Building contractors with practical guidance on registration requirements, compliant contracts, advertising rules, customer communications, change orders, and the penalties for non-compliance. Learn how to reduce your legal exposure, improve your business practices, and gain the confidence that your company is operating within New Jersey law (New Home Improvement Contractor Formal Licensing Requirements coming to NJ soon so this is great information)
BANNJ members free; Future BANNJ members $20
Wednesday, October 28th- 5:00pm - 7:30pm
Join our Professional Women in Building Council for the "Let’s Learn Mahjong" event. Join us to learn the basics of one of the most timeless and now trendy games.
Stay tuned for details!!
Seating very limited.
Register today to secure your spot.
Complimentary for PWB members.
Future PWB members $25 per ticket.
Thursday, November 19th-5:30pm Meet the Builders and Remodelers Night with Metropolitan Builders and Contractors Association hosted by Ferguson Home in Fairfield, NJ. A great opportunity for personal conversations with local builders and remodelers from two Northern local associations in a conducive format to connect Builders and Associates through face to face interaction. Join us to foster business relationships and enjoy the hospitality of our host, Ferguson.
See information and register for all events at:
https://members.bannj.org/events
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