President's Message
BANNJ President, Alan Archuleta |
Many thanks to Associate Member Richard Gaynor of Middleton & Company for giving a valuable virtual Educational Presentation on "How to Protect Your Residential Construction Business: Mastering NJ (NY) Home Improvement Contractor Rules & Consumer Protection Laws" on October 1st.
Building beautiful Homes is only part of running a successful business. Understanding New Jersey's Home Improvement Contractor Registration requirements and the Consumer Fraud Act is essential to protecting your company from costly fines, contract disputes, lawsuits, and license issues. This informative seminar provided contractors and industry professionals with practical guidance on registration requirements, compliant contracts, advertising rules, customer communications, change orders, and the penalties for non-compliance. Learn how to reduce your legal exposure, improve your business practices, and gain the confidence that your company is operating within New Jersey law.
If you missed the seminar, please contact kathleen@bannj.org to obtain a copy of the deck for the information.
Builder:
Perez Contracting
Javier Perez
615 Ten Eyck Avenue
Lyndhurst, NJ 07071
862-335-2047
jperez@perezcontracting.net
Associate:
Fully Promoted Clifton
Ayleen Palacios
895 Paulison Avenue
Clifton, NJ 07001
973-329-9929
ayleen.palacios@fullypromoted.
Affiliates:
Christine Cioletti-Reno’s Appliance
Michael Farina-Reno’s Appliance
Our Professional Women in Building Council held a fantastic Let’s Learn Mahjong Event on October 28th hosted by Associate Member Vince Giordano and team at Garden State Mortgage. All attendees enjoyed great hospitality in a fun venue while learning about this trendy and time-honored game.
Special thanks to Shirley Mattioli and her team at The Well Played table for her enthusiastic and knowledgeable lesson on how to play and the history behind the game. Thank you to Garden State Mortgage and all our sponsors-Reno’s Appliance, Noah Harris Adler Architect, The Ivanov Group and Royal Green Appliance and thank you to Reno’s Appliance and Kucht for donating incredible prizes.
Everyone is excited to plan another Mahjong event so be sure to join us for that and other scheduled Professional Women in Building events in 2027!
Sherrill unveils public view portal of Permitting Dashboard
Trump Issues Executive Order to Lower Housing Costs
Senate Introduces Landmark Permitting Reform Bill
What really delays home construction in America
Home sellers are lowering their price and helping buyers to make a deal in a stagnant market
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New Jersey Realtors September Housing Market Data
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Lumber futures are falling, but that doesn't necessarily mean builders will see equivalent reductions in their delivered lumber packages. There are several competing forces at work.
What this means for the building industry
1. Lumber prices are under pressure.
Futures below $515/MBF represent a significant decline.
Weak housing demand and elevated construction costs are limiting purchasing activity.
Builders may have more leverage in negotiating lumber packages.
2. Canadian plywood tariffs are being removed.
Removing the 50% plywood tariff could improve Canadian plywood's competitiveness.
This could create downward pricing pressure on domestic plywood.
It may also change purchasing patterns as suppliers look for more competitive sheet-goods sources.
3. Canadian softwood lumber remains expensive.
The combined duties are still substantial.
Even with the reduction in anti-dumping and countervailing duties, the additional 10% tariff keeps the total at 34.75%.
This creates uncertainty around future SPF pricing and sourcing.
4. Housing weakness remains the biggest concern.
High mortgage rates and construction costs continue to hurt affordability.
Builder confidence is deteriorating.
Lower lumber prices alone won't solve the problem if builders aren't starting project.
Congratulations to Board Member Richard Gaynor and David Gaynor of Middleton & Company and the Gaynor family on the birth of David’s new daughter!
Congratulations to Board Member John Kelly and family on the recent marriage of his son!
Congratulations to Board Member John Cioletti and family on the upcoming marriage of his daughter Jessica coming up this month!
Coming Up!
Thursday, November 19th-5:00 pm
Meet the Builders and Remodelers Night with Metropolitan Builders and Contractors Association hosted by Ferguson Home in Fairfield, NJ. A great opportunity for personal conversations with local builders and remodelers from two Northern local associations in a conducive format to connect Builders and Associates through face to face interaction. Join us to foster business relationships and enjoy the hospitality of our host, Ferguson.
Thursday, January 21st Annual Installation and Awards Celebration at Ramsey Country Club. 6:00PM Join us to celebrate our dedicated leadership and 83 years serving the housing industry at this festive annual event as we highlight the accomplishments of our members. Great food, premium open bar all evening, live music, awards and more! Great sponsorship packages and place a company ad or congratulatory message in our beautiful event journal. **New venue this year at beautiful Ramsey Country Club.
Tuesday, February 16th-Educationnal Seminar-NAHB Economic Housing Forecast 2027-Don’t miss this virtual lunch & learn to find out the outlook for the housing market including Northern NJ for the coming year presented by an industry expert at the National Association of Home Builders.
Thursday, March 4th-Joint event with Metropolitan Builders and Contractors Association to celebrate Premier Partners, Hammer Sponsors and Board Leadership Featured Networking Event at BANNJ Premier Partner Reno’s Appliance in Paterson. 5:30pm-7:30pm
Thursday, April 15th-PWB Event (TBA)
Monday, May 10th-Annual Golf Outing & Scholarship Awards at Edgewood Country Club. Information coming soon but don’t miss significant discounts on early registration.
See information and register for all events at:
https://members.bannj.org/events
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