Tuesday, December 6, 2022

December 2022

 President's Message

BANNJ President Thomas Petersen
    
Thank you to our members and guests who attended our Thanksgiving Cooking Demonstration & Tastings Team Building Event at the beautiful Sub Zero, Wolf & Cove showroom in Pine Brook, NJ on November 10th.   
Special thanks to our hosts, Kim Little, Kim Heal, Laurie Antosy and team, and most especially to corporate chef Ann Marie Soo Hoo.  Chef Ann Marie instructed the group how to prepare a wonderful holiday meal in the amazing Sub-Zero appliances, and then served an entire beautiful and delicious meal to all attendees!  It was a very special event to get all in a festive mood and everyone left with a goodie bag to prepare their own holiday items.   
On December 1st, Wayne Tile in Ramsey, NJ hosted our Holiday Gathering & Cyber Security Presentation in their stunning showroom. All members and guests enjoyed the wonderful hospitality of managers Chris and Enzo , and special thanks to Richard Gaynor who presented on the perils of Cyber Theft in today’s businesses and personal data, along with insight from David Gaynor and Jared Lans, Esq.  Members gained valuable and informative suggestions to prevent and deal with cyber attacks and many shared stories of their experiences.  We greatly appreciate these two companies and all our generous Premier Partners who host events for BANNJ in their showrooms throughout the year!  

View photos from these and all events at https://www.bannj.org/image-gallery/.

We hope all BANNJ members will join us in the new year for some exciting and informative events.  First up, our Annual Installation & Awards Dinner at The Graycliff will be held on Thursday, January 26th.  Celebrate with your fellow members as we welcome in new leadership and celebrate member accomplishments over the past year.  Enjoy a wonderful cocktail reception, dinner, premium open bar, and live music by the band, Whiskey Helps.  Be sure to place an ad in our congratulatory ad journal to showcase your company and/or take a sponsorship to highlight to Northern NJ building industry professionals.  

Register at https://members.bannj.org/events 



 

Builders:
Mark Tomat
Channing Construction LLC.
862 Park Avenue
River Edge, NJ 07661
551-804-7654
channingconstruction@yahoo.com

Associates: 

AC South Carpet

Heidi Carson
347 Broadway
Passaic, NJ 07055
973-888-1329
heidicarson@acsouth.com
 
 

 
 
 
 
This Holiday season has seen an increase in E-Commerce and with it,  Cyber-criminals are seizing the opportunity to “get in on the action”$$!  They want to Lockup your computer and hold it for ransom
 
The US housing market is in an uneasy state of equilibrium. Demand has plummeted as mortgage rates hit a two-decade high, but prices haven’t declined much in part because supply remains correspondingly low. If borrowing costs don’t start to normalize by early next year though, the scales may finally tip and prices could plunge.
 
U.S. single-family home prices slowed further in September as higher mortgage rates eroded demand, closely watched surveys showed on Tuesday.
A series of layoffs at America’s major technology companies could put pressure on local housing markets amid a broader nationwide cooling.
Apartment rents across the US dropped in November by the most in at least five years, a sign that a key cost tracked by the Federal Reserve could be easing up.
 
In June, Fed Chair Jerome Powell told reporters that the overheated U.S. housing market—which saw U.S. home prices rise over 40% in just over two years—needed a “reset.” And higher mortgage rates, he said, would slowly bring “balance” back to the market.
Nationwide, households need six-figure incomes to comfortably afford the typical home for sale, according to a report by Redfin.
There are signs inflation may fall further in coming months, but housing threatens to mute any improvement.
Mortgage rates soared over 7% just a month ago, but since then they have fallen more than half a percentage point. Still, mortgage loan application volume decreased 0.8% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index.
 
 



 


Wayne Tile Company, established in 1953, is a family owned and operated business headquartered in Wayne, NJ.  The company has retail locations located in Wayne, Ramsey, Rockaway, Sussex, and a new showroom coming to Manasquan in early 2020.  Wayne Tile is primarily a direct importer, retailer, and distributor of high-quality tiles with most items being produced at the premier tile factories of Italy.  With distribution hubs in Pompton Plains, NJ and Rockland, MA the company utilizes its extensive inventory to serve dealers stretching from Virginia to Maine.  Although Wayne Tile focuses on serving residential customers, the company has also worked with Designers and Architects on large projects in both the commercial and hospitality spaces.  Now in its third generation, Wayne Tile looks forward to continued growth in New Jersey as the company continues to find new ways to better serve its Contractor, Designer, Architect, and Retail clientele.
 

 
 
Thursday January 26, 2023-Annual Installation & Awards Dinner @ The Graycliff 6:00PM

Join us as we celebrate the new year and honor our incoming local association leadership.  Enjoy a wonderful dinner, open premium bar and live music by our returning fantastic band, Whisky Helps.

Friday, March 3rd-SPECIAL TIME 1:00PM-Virtual Economic & Housing Forecast by NAHB Chief Economist Robert Dietz, Ph.D. 

Thursday, April 27th-Joint meeting with NKBA at Ferguson Showroom in Mahwah, NJ.  Join us for premium industry networking and presentation by an industry speaker. CEU credits may be available.

Monday, May 22nd-Annual Golf Outing & Scholarship Awards at White Beeches Golf & Country Club.  Don’t miss this annual favorite event at a beautiful, private club.

Thursday, June 1st-Pickleball and Networking at SAX, LLP, Parsippany, NJ.  Join us at this state-of-the-art new office complex and join us for a fun event to begin the summer.

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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