Wednesday, August 2, 2023

August 2023

 

President's Message

BANNJ President Thomas Petersen

 Thank you to Premier Partner John Cioletti and the team at Reno’s Appliance for an outstanding Multi-Association Summer Business Social on July 13th and thanks to the many BANNJ members who attended to support this great event.  Over 200 guests enjoyed Reno’s generous hospitality with plenty of delicious food, beverages, industry networking and business connections, live music, entertaining magician, prizes and much more!   

In addition to BANNJ, the other organizations in attendance were METRO, NKBA, NARI, AIA and ASID.  Miss Teen USA 2023, Umasofia Srivaitava, was on hand to meet and greet attendees and to promote her platform of providing donated school supplies to the children at St. Joseph’s Children’s Hospital.   

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

Join us on August 16th for a virtual presentation on AI in the Homebuilding Industry and learn how AI is being used in building and construction, its role in business and how you can experience it firsthand.  Register your company today!  

BANNJ is getting ready for our annual fall fundraiser, Business Product Showcase & Beefsteak at The Elan on Thursday, September 28th.  Don’t miss this opportunity to display your company products and services to the Northern NJ building community.  Reserve a tabletop and/or a dinner table and bring your employees, colleagues and friends for a fun night out to enjoy a great beefsteak dinner and participate in the bread building contest to benefit St. Joseph’s Children’s Hospital.  Excellent sponsorship packages available.  Special group pricing for 5 attendees or more!    

Beefsteak Registration Form (click here)

As president, it is my pleasure to introduce our newest Premier Partner, Weyerhaeuser/Trus Joist!

 

 


Home prices are again on the rise after a brief dip last year, complicating the Federal Reserve’s effort to contain inflation and raising questions about how much further policymakers will have to hike interest rates.
New home sales fell more than expected in June after many months of surprise gains. Sales of newly built homes fell 2.5% to a seasonally adjusted rate of 697,000 units last month from the revised May rate of 715,000, according to the Census Bureau.
Homebuyers are staying on the sidelines as housing prices hit record levels and homebuilding and rental supply are failing to keep up with the demand.
US mortgage rates moved higher this week following the Federal Reserve’s rate hike, after dropping last week.
The United States is entering a new economic era as the Federal Reserve hikes its benchmark interest rate.

 

 

 


Congratulations to SAX, LLP. for the announcement that the firm has made the prestigious INSIDE Public Accounting’s (IPA) list of Top 100 Accounting firms across the nation for the fifth consecutive year and also was included in the IPA fastest growing firms list.  This year, SAX rose 14 spots and now sits at 70 on the list of Top 100 Accounting firms in the United States. Read the full press release at https://www.saxllp.com/.

 

 

 

 Associates

Lyttle Dream Team Realty, LLC.
Annakay Lyttle
1 Santa Lucia Court
Saddlebrook, NJ 07664
973-851-0350
Annakay@lyttledreamteamrealty.com

Marvic Corporation
Alfred D’Alessandro
2450 Iorio Street
Union, NJ 07932
908-686-4340
gina.marvic@gmail.com

 


Wednesday, August 16th- Virtual presentation on AI in Construction by a renowned expert in the field and speaker at NAHB IBS show 2023.  4:00PM

Upcoming Fall Events:

Thursday, September 28th- Annual Business Showcase & Beefsteak at The Elan, Lodi 5:00PM
Thursday, October 26th- Reno’s Annual Pre-Holiday Networking Party
Thursday, November 30th- Holiday Gathering & Industry Speaker at Cosentino Showroom, Fairfield 5:30PM

 

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