Momentum builds success - Suzy Kassem

January 19, 2022

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Last day to purchase the $65 price point to tomorrow's GME before the price switches to $75!

First General Membership Event of 2022
Thursday, January 20th
 
Join Vice President - Dave Bernardino as he presents Metro's

JOURNEY TO EXCELLENCE

Join your fellow Metro members to see the unveiling of the new Journey to Excellence. David Bernardino will lead a discussion that will highlight where Metro is today, where we want to take Metro, and how we will get there. As part of the discussion, we will unveil the "coming attractions" for 2022. Be the first to see how Metro will evolve with your fellow members.

Ferguson has put together a delightful evening filled with delicious food, beer, wine & soda choices as well as some fun swag bags for those who attend. Plus, you get to check out their stunning, newly renovated Fairfield location.

You won't want to miss this!

Date: Thursday, January 20th
Time: 6:00 PM

Location: Ferguson Bath, Kitchen and Lighting Gallery

               65 Passaic Ave

               Fairfield, NJ 07004

Fee is: Member - $65/person  NonMember - $75/person  Door Price - $75

Hosted by Silver Hammer Sponsor:

Metro's Professional Women in Building want YOU to
SAVE THE DATE

for an

Evening Extravaganza with Dacor!

Enjoy an evening with a Chef, Food, Mixologist, Drinks, Learning More About Dacor and Networking!

Date: Thursday, January 27, 2022

Location: ANVE Kitchen and Bath

               129 Route 4

               Paramus, NJ  07652

Time: 5:00 to 7:00 PM
Fee: $40

Dacor offers stunning tools that deliver expert innovations, intuitive technology and handcrafted design for entertainers who believe kitchens are a place to connect, entertain, and create.  As a member in the Construction Industry, this is an important option to explore and possibly discuss with clients.  It promises to be an exciting night!

Hosted with:

Join Andrea LoMonaco of Wells Fargo as she introduces you to Kei Sasaki, Senior Vice President with Northern Trust, who will be running Metro's 2022 Economic Forecast in February.

Date: Thursday, February 17th
Time: 6:00 PM

Location: Hanover Manor

               16 Eagle Rock Ave

               East Hanover, NJ 07936

Fee is: Member - $75/person  NonMember - $85/person   Door - $85/person

Sponsorship Opportunities available:

Event Sponsor = $500  (One Available) – Premier signage at event, opportunity to give a 3 minute introduction about their company to our members.

Table Top Sponsor = $200 (Five available) - they will get a table to display their information and table top signage at each table.

The time has come - entries are officially open for all Awards of Excellence categories. The Awards of Excellence has been designed to recognize members of the Metropolitan Builders and Contractors Association of New Jersey and the New Jersey Builders Association for their achievements in the field of new home construction, remodeling, commercial building, and sales $ marketing. Look in your hard-copy of OnSite for all of the Awards of Execellence details and make sure to get your entries in early.

Click on the above photo for entry details. Details are also up on the website. You can also see them up on our Facebook page.

We are currently offering an Early Bird Special - Enter by January 31st and receive one (1) free entry if 2 or more entries are submitted. Please Note that this is limited to one (1) free entry regardless of the number of submissions per company.

Let the competition begin!

Early Bird Deadline: January 31st

Official Deadline: February 28th

Email your entries to: MemberServices@metrobca.org

During the month of January, NJBA is highlighting safety in the workplace. The National Association of Home Builders has prepared toolbox talk videos on a host of subjects. Starting with the essentials, take a moment to share this safety basics video and fact sheet with you new employees.

You can never be too careful when it comes to safety!

Feel free to share your own safety precaution photos with Metro by tagging @MetroBCA on Instagram or using the #metrobca #metrobcasafetyprecaution

Article from Fortune

By Lance Lambert

Simple economic popped the lumber bubble last year. Once the price of lumber topped $1,515 per thousand board feet in the spring, do-it-yourselfers en masse stopped buying. At the same time, sawmills trying to cash in on the sky-high prices increase production, contributing to prices plummeting by August to $389 per thousand board feet. Suddenly, lumber buyers, who were used to paying $350 to $500 per thousand board feet prior the pandemic, felt some serious relieft.

End of the story, right? Not at all. Since bottoming in August, lumber has gone on another run that's starting to look a lot like the historic run we saw last spring. As of Friday, the cash market price is back up to $1,111 per thousand board feet. That up 186% (or almost triple) above its bottom price in August.

But the dynamics pushing up prices are very different this time. During the last go around, pandemic lockdowns had limited production just as remote working set off a home renovation boom and recession-induced low mortage rates spurred more demand for homebuilding. Instead of lockdowns, blame mother nature this time. The bad wildfire season this summer in the U.S. Pacific Northwest and British Columbia - the epicenters of North American softwood production - saw some sawmills curtail production. Meanwhile, mudslides and flooding cause by a record rainfall in November have delayed lumber shipments coming out of the Port of Vancouver. That supply decline is cimply outmatched by high demand from builders who are still selling homes faster than they can build them.

As prices started to spike late last year, suppliers and homebuilders responded by increasing their lumber orders. Stinson Dean, CEO of Deacon Lumber, a lumber trading company, tells Fortune those buyers didn't want to get caught off-guard like last time so they bought ahead "just in case" prices climbed back to the exorbitant levels of spring 2021. Of course, that influx of buyers only put more upward pressure on prices.

"Demand is phenomenal. We have been inundated with job quotes for the last two months, and have booked record amounts of future business. Buyers don't want to get caught flat-footed and have the market run away from them like what happened a year ago," said Michael Goodman, director of specialty products at Sherwood Lumber.

Where do we go from here? Industry  insiders don't foresee lumber over $1,00 per thousand board feet as the new normal. Inevitable, sawmills will chase profits and increase production. But it's tough to say when prices will fall again.

"Ultimately the frenzy will sunside likely later in the first quarter or early in the second quarter, and we will start to see headwinds like high interestest rates," Goodman says. Of course, higher interest rates and mortage rates, which are expected to rise this year, could slow the housing market and building.

But don't expect cheap lumber anytime soon. Even if lumber prices pull back somewhat, it doesn't mean we're headed back to pre-pandemic levels. There is a shortage of around 4 million homes - a dynamic that is likely going to keep builders busy (aka buying more lumber) for years to come.

Original Article from Fortune here

If you and your company would like to start advertising in OnSite - now is the time to start. Email MemberServices@metrobca.org for more details.

Don't forget to tag us on Instagram @metrobca and use the hashtags #metrobca #metrobcasitepets #metrobcapetphoto You can also send in your pet photos to Kimberly by email to knordstrom@metrobca.org Keep them coming and Mezzie will select one each month to put in OnSite.

MEMBERS Working with MEMBERS contest - as always Metro encourages our Members to work with each other and try to introduce members to other members who could work on projects together in the future. Tag us @metrobca using the hashtags #metrobca #metrobcamembersworkingwithmembers #metrobcamembershelpingmembers

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