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 NJBMDA News

Time to register for the 'IDEAS' trade show
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Register now for the "IDEAS" Mid-Atlantic Lumber and Building Material Trade Show, taking place at the Valley Forge Casino Resort, in King of Prussia, Pa., on Tuesday, May 15. At this one-of-a-kind show, from 11 a.m. to 7 p.m., dealers will be urged to take customers from booth to booth, showing them new products that are coming to market.

Nearly 100 vendors will be in attendance. All exhibitions will be manufacturers and distributors; there will be no dealers permitted to purchase a booth. This will be the perfect environment for dealers to nurture lasting relationships with their own customers, giving them a first-hand look at the type of products coming to market.

The IDEAS show is a superb collaboration between the New Jersey Building Materials Dealers Association, the Eastern Building Materials Dealers Association and the Philadelphia Reserve Supply Company. All three organizations are spreading the word far and wide, helping ensure the IDEAS show is a great success and hopefully an annual industry event.

To register today, visit https://www.lbmideas.org/.




 Industry News


Construction jobs rebound amid pickup in US home remodeling
Bloomberg    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Construction hiring is picking up as Americans invest in renovating their homes amid signs that the worst of the housing-market declines may be over. The number of people working in residential remodeling grew 5.8 percent in December to 250,700 from a year earlier, based on preliminary data released by the Bureau of Labor Statistics. More

Construction materials joint venture could threaten competition
Supply Management    Share    Share on FacebookTwitterShare on LinkedinE-mail article
The Competition Commission has raised concerns that a proposed joint venture for construction materials would make the market uncompetitive. In a provisional decision, the CC said the joint venture to create a new construction materials business between Tarmac, a subsidiary of Anglo American, and Lafarge meant the global firms' overlapping services of producing and supplying cement, aggregates, asphalt and ready-mix concrete could lead to a lack of competition for these products. More

Data center clients challenge contractors to deliver more power while using less energy
Construction Executive Magazine    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Information technology professionals are known for speaking a language all their own. That lingo trickles down to the expert contractors working on mission critical projects, where it's just as common to talk about microprocessors, redundancies and hot spots as concrete pours and electrical loads. More


Endorsed Property/Casualty Underwriter for NJBMDA

PLM offers a safety group dividend plan for the NJBMDA dealer members. For more information on this program contact us at 800.752.1895 or at info@plmins.com.
MORE
ENAP, Inc.
ENAP's membership is composed of independent retail lumber dealers located throughout the entire East Coast and expanding west of the Mississippi River. MORE


Housing declines may have cost a generation of buyers
Bloomberg    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Federal Reserve Bank of St. Louis President James Bullard said the 30 percent drop in U.S. housing prices since 2006 may prompt a generational shift to apartment rentals. "My sense is that the housing debacle of the past five years may have scared off a generation of potential homeowners," Bullard said in a speech in New York. More

Lumber Liquidators Holdings' earnings beat last year's by 43 percent
Motley Fool via msnbc.com    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Lumber Liquidators Holdings reported earnings. Here are the numbers you need to know. For Q4, Lumber Liquidators Holdings beat slightly on revenues and whiffed on earnings per share. Compared to the prior-year quarter, revenue improved and GAAP earnings per share improved significantly. Margins improved across the board. More

12 tips for preventing back injuries in construction
ForConstructionPros.com    Share    Share on FacebookTwitterShare on LinkedinE-mail article
The Center for Construction Research and Training says the construction industry has the highest incident rate of back injuries of any industry except transportation. Of all the construction-related injuries that occur each year, 25 percent of them are back injuries. Every year, a back injury causes 1 in 100 construction workers to miss work — usually missing about seven workdays, but sometimes more than 30. More

Monthly construction fuel consumption index results rise
Green Building Elements    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Business payment processing concern and IHS released results of the Wright Express Construction Fuel Consumption Index, which indicated a decrease of 3.4 percent in January versus its level the previous year. These numbers concern national fuel consumption statistics for the construction industry and reflect current construction activity in the United States. More

Wood industry: Cabinet, Millwork plant investments grow
Woodworking Network    Share    Share on FacebookTwitterShare on LinkedinE-mail article
A cabinet manufacturing plant is revived as private equity pops up. Two architectural millwork and custom woodwork operations announce dramatic plant expansions. And earnings reports surge: Home Depot said contractor purchases and large buys drove its results up 31 percent. La-Z-Boy saw earnings surge — 49 percent ahead of last year. More

 Across New Jersey


NJ Spotlight: Incorrect figures with governor's proposed income tax cut
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TRENTON — NJ Spotlight thinks the math is a tad off with the governor's proposed 10 percent across-the-board income tax cut. Administration officials figure the cost of the phased-in income tax cut is $183.3 million in the first year and just under $1.1 billion when fully implemented. But NJ Spotlight sees it different, saying the actual first-year cost would be $197.3 million and, when fully implemented in fiscal 2016, could easily top $1.3 billion. So, give or take a couple $100 million.

Bill highlights freebies in Port Authority
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BRIDGES & TUNNELS — Stunning that it takes legislative action to stop the commissioners and staff of the Port Authority of New York and New Jersey from zipping through free tolls, accepting free sports tickets, living it up on expense accounts and other inappropriate perks. A bill being heard in the Senate's Transportation Committee will highlight all the freebies in the patronage pit known as the Port Authority, with the hopes that new restrictions will finally control rampant spending and, maybe, finally, control tolls on the bridges and tunnels the agency oversees.

Assembly Labor Committee to support bump in minimum wage
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STATEWIDE — With the price of gas expected to soar over $4 a gallon — and the minimum wage in New Jersey stuck at $7.25 an hour before taxes — some leads think things are out of whack. The Assembly Labor Committee is supporting a bump in the minimum wage to $8.50 an hour. Pro-business groups are howling, saying such a move would curtail job growth at the lowest end of the spectrum.

A big step to create statewide health insurance exchange
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TRENTON — As New Jersey falls in line behind national health care reform, a big step is to create a statewide health insurance exchange — akin to an Expedia.com. But instead of comparison shopping for airfare and hotel, you will soon be using the Internet to find low-cost health insurance for your business or family. The Senate will hold a hearing on the bill to form the exchange. There's no question an exchange is valuable — just as long as your health insurance broker is still guiding the ship and ensuring you aren't wasting hundreds of dollars each month through the exchange on coverage you don't need and can't afford.

Government to take harder look at revenue projections for 2013
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TRENTON — Expect Gov. Chris Christie's budget crunchers to remove their rose-colored glasses and take a harder look at the revenue projections for fiscal 2013, after Wall Street has spent the past few days shredding the Governor's proposed $32.1 billion spending plan. The major issue is the aggressive revenue estimates, with the Governor's finance folks praying for 7 percent growth. S&P, the first major credit-rating agency to analyze Christie's proposal, also notes the budget is filled with one-shot revenue sources, the $300 million surplus is too small and the thirsty pension fund needs more cash.

Food Depot Supermarket to open
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NEWARK — The largest city in New Jersey is getting its first new supermarket in decades. City officials are opening the "Food Depot Supermarket," calling the 30,000-square-foot store a shining example of redevelopment. Amazing that the poorest people in the state still struggle to have low-cost food options, while affluent New Jerseyans have easy access to 10-gallon jars of mayonnaise down every stretch of suburban highway. Kudos to Brick City Development Corp. for enticing this much-needed supermarket to open in Newark.

New Jersey to aid local school districts
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TRENTON — New Jersey is doling out the figures for this year's aid to local school districts. The response, so far, is a bit ho-hum. About 90 percent of the school districts will see a small uptick in state aid, which offers little relief to offset contract-based salary raises. Aid to the 31 poorest school districts would see a small decline, but they would still reap the largest share of the overall pot.

New national poll, unexpected results
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ON THE CAMPAIGN TRAIL — Yet another new national poll is being released — and the findings are actually unexpected. One would assume that Republicans nationally, internationally and galaxy-wide have been pushing Christie for vice president on the national ticket. But a Fairleigh Dickinson University PublicMind Poll shows Christie has some stiff competition from Florida Sen. Marco Rubio and former Pennsylvania Sen. Rick Santorum. Christie comes in third behind these two guys, but the poll numbers are very tight. Shockingly, Sarah Palin came in at fourth and, equally shocking, Newt Gingrich follows in fifth. Who did these pollsters interview? Alabama-based car mechanics?
 

NJBMDA Bulletin
Colby Horton, Vice President of Publishing, 469.420.2601
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Christine Kraly, Content Editor, 469.420.2685   
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