Tuesday, July 1, 2025

July 2025


 Have a Safe & Happy Fourth of July!

God Bless America! 


 

President's Message 

BANNJ President, Derek Weissman

 We hope all members are enjoying the summer with family and friends and wish you a safe and Happy 4th of July holiday.  BANNJ has some excellent events coming up to help you promote your business and gain access to more industry connections.  

On July 10th, John Cioletti and the team at Reno’s Appliance will host a Multi-Association Summer Business Social at their beautiful Paterson showroom. 


Be sure to register to network with the best in the business as members of 7 organizations in the housing industry come together to enjoy great food, live music, prizes and share ideas and information in a casual, fun summer atmosphere at  “An Evening in Tuscany”.   

As we head into fall, don’t miss our Annual Business Product Showcase & Builder’s Beefsteak on Thursday, September 18th at The Elan.   


This is a fantastic opportunity for member companies to reserve a tabletop display to showcase your products and services to the Northern NJ building community and each reservation includes a dinner ticket.  Invite your team and reserve a dinner table as a thank you for a job well done and play in the bread building contest to benefit St. Joseph’s Children’s Hospital.  Sponsorship packages available with dinner tickets.  See bannj.org for more information and to register for the event. 


 

 

   What Builders Should Know About the Pending Tax Bill 

 

   FHA to Cut All Multifamily Mortgage Insurance Premiums to 25 Basis Points

 

 Mortgage rates fall for 4th straight week, lowest since early May


US existing home sales rise in May; mortgage rates still a constraint


New home sales fall to seven-month low in May; supply increases


Harvard's housing market study flags worrying trends—'shocking'

 

 


NJ Mandatory Job posting Pay Transparency Law Enacted

by Richard Gaynor

Middleton and Company Insurance

 


 


 


 

 
 
 

Thursday, July 10th 
Multi-Association Summer Business Social @Reno's Appliances 5:30pm-8:00pm  
 
 

 
 
Thursday, September 18th 
Annual Business Product Showcase & Builder’s Beefsteak @ The Elan, Lodi, NJ. 
 
Vendor setup: 4:15PM, Doors open at 5:00PM.


Register for all events at 

https://members.bannj.org/events