Lakeside Roofing & Siding participated in the CDS Wolf Foundation 12th Annual Strike For Abilities Bowling Party recently benefiting people served by CDS Life Transitions, as they reach for their dreams of independent and fulfilling lives in our community. Support of this event enables CDS Life Transitions to provide high-quality supports and services to the people we assist. Proceeds will benefit community living opportunities, residential improvements, Warrior Salute Veteran Services, and other unfunded areas of need at CDS Life Transitions.
Stylish, Energy Efficient, and Safe.
MI Windows and Doors 1600 series Blinds-Between-The-Glass are a sleek solution for controlling light and privacy which also protects against solar heat gain and damaging UV rays that can fade fabrics and floors in your home. And with blinds-between-the-glass, you don’t have to worry about the blinds falling or small children or animals becoming entangled in them.
Team Lakeside participated in the 27th Annual Holy Childhood Golf Tournament held at Midvale Country Club June 18th. We were proud to sponsor and take part in this fantastic event for such an exceptional and worthy cause holychildhood.org
-Important Notice From Lakeside Roofing & Siding Materials, Inc.-
Lakeside Roofing & Siding Materials, Inc. (“Lakeside”) – a seller of roofing, siding, windows and other building products and related services, and a wholesale distributor of building supplies and materials – has been operating its business in New York since opening its doors in 1977, trading as “Lakeside” and “Lakeside Roofing” and, more recently also adding “Lakeside Quality Building Products” to its trade and service marks.
Over the past few years and more recently, Lakeside has learned that some consumers may be confusing Lakeside’s longstanding business with the more recently formed retail construction and construction service provider, Lakeside Roofing & Contracting, LLC (“LRC/Kanga”), which was formed (by others) in 2014. Over Lakeside’s known objections, LRC/Kanga has been trading and continues to trade under what Lakeside believes is a confusingly similar name, “Lakeside Roofing” and/or “Lakeside Roofing & Contracting”, often with the added language “Home of Kanga Roof, We Hop To It”. Based on actual confusion in the marketplace and to dispel any future confusion between Lakeside and LRC/Kanga, Lakeside hereby advises all consumers that Lakeside and LRC/Kanga are separate entities, and that there is absolutely no affiliation,connection, association, or sponsorship between Lakeside and LRC/Kanga.
This notice is published with the hope of mitigating and eliminating any continued confusion in the marketplace between these two unrelated companies.
Lakeside is proud to serve its customers throughout New York and is determined to be your best choice for all your building product needs. While we do not perform actual roofing installations, if you are not already committed to another installation contractor, we will gladly recommend one or more contracting companies from our extensive list of valued contractor customers we have earned over our 41 years in business.
When you buy from Rochester-area merchants, you are making an investment in our community. Locally owned and operated since 1977, Lakeside Roofing and Siding is the only locally owned & operated “1 Step Specialty Building Products Distributor” that remains in the Rochester-area. Why should you shop local?
- We grow the local economy. For every $100 spent at a local business, $68 will remain in the local economy.
- It’s a great investment. When you buy local, nearly 70¢ of every dollar stays in the community.
- Our community is strengthened. Strong local businesses hire our neighbors, pay taxes, and contract for local services.
We customize our product offerings to local markets, while national brands are one size fits all. When you buy from big companies, money leaves the area. For every $100 spent at national chains, only $43 will remain in the local economy. So shop Rochester First and remember Lakeside Roofing and Siding as your local distribution center!
VELUX America LLC, the U.S. sales company of the VELUX Group, the global leader in skylights, announced that it has acquired Wasco Products Inc. The purchase broadens VELUX America’s commercial daylighting capabilities.
David Briggs, CEO of the VELUX Group based in Denmark, said the acquisition is a nice fit with our commercial skylight portfolio.
“It will further strengthen our position in the commercial and residential daylighting category,” said Briggs, who took the helm of the VELUX Group in January. “Wasco’s commitment to continuous product improvement makes it a perfect match for the VELUX family.”
VELUX has grown to be one of the largest commercial skylight manufacturers in the U.S. with its Modular Skylight system, Flat Glass skylights, Commercial Sun Tunnel™ Skylights and the new Dynamic Dome built in Greenwood, South Carolina.
Founded in 1935, Wasco has a heritage of innovation, bringing new products to market in anticipation of changing energy requirements and design needs. The company’s diverse commercial product line includes fully customizable metal-framed skylight systems, energy-efficient Lumira® Aerogel insulated skylights, barrel vault skylights and multilayer polycarbonate skylights.
“Our two companies share a vision for creating happy and healthy workplaces and homes with daylighting, and we’re honored to join forces with the Wasco team,” said Tim Miller, president of VELUX America LLC, the U.S. sales company of the VELUX Group. “Together, we can help architects and interior designers bring their visions for better work environments to life through a strong and diverse commercial product offering. On behalf of VELUX, I want to welcome Wasco Skylights’ talented employees and sales representatives into the VELUX family.”
With the addition of existing Wasco manufacturing facilities in Wells, Maine, and Reno, Nevada, VELUX will bolster its manufacturing capabilities and geographic reach.
“Combined with a recent expansion of our Greenwood, South Carolina, plant, these new facilities will strengthen our leadership in the daylighting category,” said John W. Pillman, president at VELUX Greenwood LLC, the U.S. manufacturing arm of the VELUX Group. “Together, our manufacturing teams will build on a shared legacy of excellence.”
By Robert Dietz
Housing, home builders, and other businesses in the residential construction sector saw some policy wins in the recently enacted tax reform legislation. The once-in-a-generation legislation reduces tax rates for large and small businesses, protects the business interest deduction for real estate firms, and retains the like-kind exchange rules.
It also makes a number of improvements with respect to tax accounting rules, like greatly reducing the reach of the inefficient Alternative Minimum Tax (AMT). NAHB estimates that the number of taxpayers affected by the AMT, which in prior years included many small businesses, will fall from 5 million taxpayers to just 200,000 each year.
With respect to housing policy, the tax law protects the second home rule for the mortgage interest deduction (while reducing the overall cap to $750,000 of mortgage debt), retains the interest deduction for substantial improvements for remodeling (despite repealing the $100,000 HELOC rule), leaves untouched the important capital gain exclusion for the sale of a principal residence, and retains the Low-Income Housing Tax Credit and the private activity bond program. The bill does cap the amount of state and local tax (SALT) that can be deducted.
The tax legislation will measurably improve macroeconomic conditions in coming years. For the first time for a major item of tax policy, congressional scorekeepers estimated the dynamic or supply-side effects of reducing tax burdens. For example, according to the official “score,” the tax cut reduces the static cost of the legislation from $1.5 trillion over 10 years to $1 trillion due to growth effects from the policy changes.
Congress’ Joint Committee on Taxation (JCT) estimates the tax cut will increase gross domestic product (GDP) by 0.7% over the next 10 years. This projection matches the NAHB forecast, and in a similar calculation we marked up our GDP forecast for 2018 to a 2.6% growth rate. The JCT also estimates business investment will increase due to higher after-tax rates of return, leaving the nation’s capital stock 0.9% higher after 10 years. More business capital means more business investment, more efficient markets, and higher wage growth.
According to the JCT, the labor force will also grow faster, due to higher after-tax wages, adding an additional 0.6% of workers—or 900,000—over 10 years. This economic impact has benefits for both the supply-side and demand-side of the housing market, with this bump in the labor force offering tens of thousands of potential new construction workers. This overall job growth will also add to demand for apartments and single-family homes.
There will be some transition effects in high-cost, high-tax markets. For example, we have reduced our home price forecast next year to a lower 2.9% growth due to localized price softness in markets with high taxes and newly limited SALT deductions for income and property tax (now capped at $10,000 a year). However, the reduction of the AMT, which previously eliminated 100% of SALT deductions, should provide an offsetting benefit in such markets.
Overall, the tax benefits for workers and small/large businesses on the supply-side of the economy should boost economic growth, which is a net positive for housing and home building. These benefits come at a good time given the existing supply-side constraints in the market, as well as the need for additional after-tax income for younger, renting households to be able to save for a down payment to purchase a home.
YOU’RE INVITED TO
LAKESIDE DECK DAY
LUNCH & LEARN SESSION
THURSDAY, OCTOBER 5TH, 2017
10:00 A.M. – 2:00 P.M.
5954 RTE. 31 BROCKPORT, NY, 14420
**EXCLUSIVE EVENT DISCOUNTS FOR ATTENDEES ONLY**
Join us for a few hours of education on our Decking program. We have a few speakers who are here to explain their products and address any questions you may have, this is a great way for you to learn about our program and our stock items. Drinks, snacks, and lunch will be provided courtesy of The Lakeside Companies and our Presenting Partners!
To RSVP or to find out more please contact Philip Murphy at 585-217-2434 or call your favorite Lakeside Sales rep!
FOR MORE INFORMATION CONTACT: PHILIP MURPHY PMURPHY@LAKESIDEROOFINGANDSIDING.COM