October 2024

 

President's Message

BANNJ President, Derek Weissman

Many thanks to all of our generous sponsors, tabletop vendors, volunteers and attendees who helped to make our Annual Business Product Showcase & Beefsteak on September 25^th such a huge success!   

All attendees enjoyed meeting our tabletops sponsored by Andersen Corporation; Association Member Trust; Blue Ridge Lumber; Crown Point Cabinetry; Ferguson; Interstate Waste; Marvic; Parksite; Pella; Procida; ProHome; Reno’s Appliance; Reliance Surfaces; R.S. Phillips Steel, Sax, LLP., Smart Homz, SportProsUSA, Sub Zero, Wolf & Cove; and Westphal Waste Services.  After a delicious Beefsteak Dinner, attendees participated in the bread building contest to benefit St. Joseph’s Children’s Hospital.   

Our theme for the contest was “Sports” and everyone had a great time building their submissions.  

Congratulations to 1^st runner-up SportProsUSA and winner Reno’s Appliance, chosen by our judges Kristie Davida of Home Ateliers | Rand Realty and Ashley Brito of 9 Mile RE, LLC.   

Thanks to our volunteers Richard and David Gaynor of Middleton & Company, Arnold DeMasi of DeMasi Construction and Michael Kurpiel of Carter Lumber.   

Special thanks to Aimee Petersen of SportProsUSA and The Perfect Shindig for donating the bread building prop bags and winner gift bags and to those who donated door prizes along with BANNJ including Reno’s, Sax LLP; Sub Zero, Wolf & Cove; SportProsUSA  and congrats to the prize winners.   

Many attendees remarked that this was our best Beefsteak yet so be sure to join us next year for this fun annual industry event!  View photos from this and all events at https://www.bannj.org/image-gallery/.

 

Thank You to our Generous Beefsteak Sponsors!

 

 Next up join us at Reno’s Appliance for their Annual Pre-Holiday Networking Party on Thursday, October 24^th.  Don’t miss this exciting night with industry peers while you make new business connections, see old friends, and enjoy fantastic food and beverages, live music, entertainment and lots of prizes!  Register at https://members.bannj.org/events or directly with Reno’s at the link on the invite below. 

Reno's Pre-Holiday Networking Party Form (click here)

 

Builders:
Chuck Anania
New Jersey Roofing Company
520 US 17S
Carlstadt NJ 07072
973-620-0467
chuck@njroofingcompany.com

Vincent Priore
Picco Builders
98 Broad Street
Bloomfield, NJ 07003
973-632-4412

vince@piccobuilders.com
 

Ray Caprio
Atlas Home Improvements
41 Lathrop Avenue
Madison, NJ 07940
908-625-0870
bseidenburg@coutodefranco.com

Associates:
Future EV Inc.
Luca Cozza
600 Sylvan Avenue, St. 102
Englewood Cliffs, NJ 07623
845-729-0383
lcozza@futureevcharging.com

Oppein Home NJ
Sachin Grover
117 E Route 4
Paramus, NJ 07652
973-646-6888
info@oppeinnj.com

Residential Energy Improvement, LLC.
Daniele Dario
800 Catalpa Avenue
Teaneck, NJ 07666
201-530-5933
daniele@rei-nj.com

Affiliate:
Jessica Cioletti
Reno’s Appliance
235 McLean Blvd.
Paterson, NJ 07004
973-247-1860
jessica@renosappliance.net

 

Politicians are promising housing help. Homebuilders say the problems are many and the solutions scant. In the suburbs of Wichita, Kansas, local homebuilder Carl Harris used to charge homebuyers around $330,000 for one of his new-construction homes aimed at growing families. Now, he’s selling that same house for $450,000 — putting it out of reach for the typical household there.

Kamala Harris, Donald Trump plans for housing, child care, taxes compared

As the upcoming presidential election heats up, voters have to choose between Vice President Kamala Harris and former President Donald Trump on a variety of issues.

Neither Harris nor Trump can make housing more affordable
Both presidential candidates claim they can fix the housing affordability problem that is frustrating millions of Americans. Unfortunately, neither candidate’s proposals would increase the supply of affordable homes — and Vice President Kamala Harris’s plan would make matters worse.

Mortgage refinance boom takes hold, as weekly demand surges 20%
Applications to refinance a home loan surged 20% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. Demand was a stunning 175% higher than the same week one year ago.
US new home sales fall less than expected; median house price declines
Sales of new U.S. single-family homes fell less than expected in August and could regain momentum in the months ahead as declining mortgage rates and house prices stimulate demand. US pending home sales hover near record low in August, NAR says   Contracts to buy U.S. previously owned homes edged up in August from July's record-low level as a drop in mortgage interest rates in anticipation of Federal Reserve benchmark rate cuts provided a modest lift to affordability.   It’s not a great fall housing market, but this is ‘as good as it gets,’ economist says While housing affordability remains a challenge for many buyers in the U.S., conditions are somewhat improving due to lower mortgage rates. Fair housing ‘letdown’ triggers frustration with Biden Civil rights and housing advocates are angry with the White House over delays in finalizing a long-promised fair housing rule — but are divided over whether to publicly pressure the administration as the election nears. Congratulations to BANNJ Past President John Cioletti of Reno’s Appliance for being honored next month with the Robert L. Marcalus Legacy Award at the St. Joseph’s Health Foundation Annual Gala.  We are so proud of John and all that he does for the community and Association.          Richard Gaynor Employee Non-Compete Agreement "band" is now on Hold but Not dead!       Member Education: Be sure to view/register for upcoming NAHB Professional Development Courses available for members at https://elearning.nahb.org/.  Contact kathleen@bannj.org or 201-843-6868 to obtain your member PIN# or other credentials required to register for member pricing.   Thursday, October 24th-Reno’s Annual Pre-Holiday Networking Party Paterson, NJ  5:30PM Thursday, November 14th-Joint Meeting with Metro at Ferguson Showroom in Fairfield, NJ  5:30PM Thursday, January 30th  2025 Annual Installation & Awards Dinner  6:00PM  Biagio’s & The Terrace, Paramus NJ Register for all events at  https://members.bannj.org/events