President's Message
BANNJ President, Alan Archuleta |
Welcome to May!
April, what was that? 90 degrees days and freeze warnings. All four seasons in one month.
Our Professional Women in Building Council held a wonderfully successful event, The Modern Muse-Curated Conversations and Elevated Spaces on April 29th at the beautiful Ornare Showroom in Paramus NJ. Many thanks to our hosts, Thomas Aloise and Alan Chorm at Associate Member Ornare for an elevated event including beautiful presentations of food and beverages and a designer jewelry niche by Izel. Many thanks to PWB Chair Kristie Davida of Home Ateliers for organizing the evening and to new member Taryn Byron for giving an informative presentation on the luxury housing market in NJ.
If you were unable to attend the event, be sure to visit the Ornare stunning showroom at the Paramus Design Center.
View photos from this and all events click here
I look forward to our 79th Annual Golf Outing on May 11th. I hope to see many of you on this beautiful course!
Details below...
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Builder:
Joseph Nicoletti
J. Nicoletti Properties LLC.
295 Bergen Turnpike
Ridgefield Park, NJ 07660
201-906-2753
jnicolettiproperties@gmail.com
Associates:
Lowe’s
Michelle
McKeown
109 Stack Drive
Staten Island, NY 10312
917-984-5356
Jessica.carpentieri@lowes.com
Tayrn Byron Realtor
Tayrn
Byron
1018 Closter Dock Road
Alpine, NJ 07620
732-362-1523
tarynbyron@gmail.com
Springblinds
MK Chenette
1099 Linden Avenue
Ridgefield, NJ 07657
201-275-4323
mk.chenette@springblinds.com
Estates Cleaning Group
Maisy Rodgriguez
58 Union Avenue
Rutherford, NJ 07070
718-753-9289
support@estatescleaning.com
Home Building Shows Signs of Stabilization
Shrinking Share of Tradesmen in Construction Workforce
Population Growth and Housing Supply Dynamics at the County Level
Federal Reserve Hold Rates Steady Amid Ongoing Economic Uncertainty
Housing's 'Silver Tsunami' is Coming, But It Won't Hit Every Market.
Canadian Lumber Duties Expected to Drop This Summer
US single-family housing starts jump to 13-month high in March
Average US long-term mortgage rate rises to 6.3%, ending a 3-week slide
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| As of May 1st, 2026 |
Next Three months Outlook
- The outlook for Douglas fir over the next three months (May – July 2026) is firm and bullish, with suppliers already boosting asking prices as they move order files into late April. While demand remains cautious, prices are trending upward due to severe supply-side constraints rather than a surge in construction.
- The outlook for Hem-Fir over the next three months (May – July 2026) is firmly bullish, with prices expected to maintain a steady upward climb. While it remains a more budget-friendly alternative to Douglas Fir, Hem-Fir is seeing its own "supply-side" price hikes as mills run lean and seasonal construction demand picks up.
- The outlook for Spruce-Pine-Fir (SPF) over the next three months (May – July 2026) is steady to bullish, driven by structural supply tightening and seasonal construction activity. While domestic demand remains tentative due to high interest rates, prices are expected to continue their modest upward trend as mill curtailments and high trade duties reduce available inventory.
- The outlook for Southern Yellow Pine (trusses) over the next three months (May – July 2026) is bullish, with prices expected to maintain an upward trajectory. Unlike other species that are surging due to Canadian trade barriers, SYP is rising because of a tightening domestic supply-demand balance and its role as a primary substitute for higher-priced Western softwoods.
- The outlook for Oriented Strand Board (OSB) over the next three months (May – July 2026) is firm to slightly bullish, characterized by restricted supply and a seasonal pickup in construction. While demand remains tempered by high mortgage rates, mill capacity reductions are expected to prevent significant price drops and may lead to modest increases as field inventories are restocked for summer projects.
- The outlook for CDX plywood over the next three months (May – July 2026) is firming and slightly bullish. As spring construction activity intensifies, prices for structural panels are rebounding due to tightening supply and a seasonal increase in housing and remodeling demand.
- The outlook for 3/4" T&G Subfloor OSB over the next three months (May-July 2026) is bullish, with prices likely to increase as construction activity peaks. While commodity OSB panels are currently retailing for as low as $20.48, premium moisture-resistant subflooring like AdvanTech is commanding significant premiums, often retailing between $48 and $60 per sheet in the New Jersey area.
- The outlook for 3/4" T&G Fir Plywood Subfloor over the next three months (May – July 2026) is bullish and firm, with prices currently sitting in a seasonal uptrend. As construction activity hits its summer peak, structural plywood is expected to see price disruptions driven by tightening domestic mill capacity and a decrease in Brazilian imports.
Monday, May 11th 10:30AM -Annual Golf Outing & Scholarship Awards at Edgewood Country Club - Don’t miss this wonderful event and join us to play on this exclusive, private course. Sponsorships are available to showcase your company to Northern NJ industry professionals. Dinner/cocktail only tickets are also available to join us for networking. More information will be available soon.
Thursday, June 4th Board of Directors, 3 pm.
Thursday July 9th 5:30 pm - 8:30 pm
Reno's 75th Anniversary Industry Networking Party!
Don't miss this special summer event impeccably hosted by the Reno's Appliance Team, Celebrate Reno's milestone with industry colleagues as well as make new industry connections!
Look for upcoming fall events in the June issue.
See information and register for all events at https://members.bannj.org/events
