Asbury Park Press from Asbury Park, New Jersey • Page B6

AsignhasgoneupalongAldrich RoadinHowell: ComingSoon. lastweekforanewdevelopmentof16 expectedtoopen. Wehavehadanastronomical Raritan-basedbuilder. Wewere actuallysurprisedfromtheamountof BuildersAssociationputit, cautiously Theyaremore upbeatastowherewearegoingtobe Thehome-buildngindustryisin bettershapethenitwaswhenitbegan itssteepdeclinein2005.Afterthree economicresearchatJ.H.CohnLLC. Thebottomintermsofconstruction formerchiefexecutiveofficeratthe NewJerseyBuildersAssociation.

betterthantheworsttheyhavebeenin nearlyhalfofthembeingmultifamily apartments.In2010,13,535permitswere issued. willbe Theuptickshouldcomeinthesecond halfoftheyearafterthehousingmarket beginstoclearitsinventoryofhomes Idoexpect thatsalesgenerallywillpickupfrom economycontinuestoimproveandadd atK.HovnanianHomes,aunitofRed Bank-basedHovnanianEnterprises, alreadyhasseenpositivesigns.The builderhasseen prettygoodsales said. Thatamountedtoabouttwotofour contractspercommunityinNewJersey butanimprovementoverearlierin2011, McCarronsaid. Somebuildersaremakingmoves now.Buoyedbylandpurchasesinthe woodframes. tostartmarketingitsfirstresidential andco-founder.

Iamcautiouslyoptimistic.Ithink thingsmightbegintoimproveforusin Ialwaysfeltthata buyerisgoingtobeinterestedinanew homeratherthanaresalehomeifyou keepthepriceinarangethatwillmake Itallcomesdowntoprice. Developersarebuyinglandatprices theythinkwillenablethemtosell homes. youcanbuylandatapricethatthe finishedproductisinlinewithresales, presidentatPittengerBuildersin NeptuneCity. Wejustsoldahousethis useslandpurchasedearlierwhenprices Rebuilding ByDavidP.Willis StaffWriter inNewJerseyarepoisedtostartconstructionin2012. Aworkerclearslandfornew developmentoffAldrichRoadinHowell.

ROOMTOGROW Amodestimprovementfor homebuildersisexpectedinNewJersey thisyearafteralackluster2011.Here’s throughNovemberin2010and2011. Monmouth2010: 786 Monmouth2011: 847 Ocean2010: 856 Ocean2011: 1,241 Middlesex2010: 1,128 Middlesex2011: 1,354 Somerset2010: 560 Somerset2011: 665 Hunterdon2010: 266 Hunterdon2011: 244 NewJersey2010: 11,837 NewJersey2011: 11,978 throughJ.H.CohnLLC PageB6 APP.COM Business CONTACT: GETYOUROWN STOCKQUOTE Sendtextmessagewiththeticker CELLPHONECHARGESMAYAPPLY DOW weeklychange CLOSE128.85 NASDAQ fiesbusinessesthathaveincorporated withtheNewJerseyDepartmentofthe Treasury.Includedmaybesomeexisting businessesthathavechangednamesor ownerships.Someofthecompaniesmay MONMOUTHCOUNTY Belmar, lon, BradleyBeach, ExteriorSolutions, Eatontown, IDeserveLLC, 30Lewis Englishtown, BioreferEastBurn- swick, lishment. Howell, tor. Freehold, GleemTeamLLC, P.O.Box Howell, TascFireApparatusInc, 949 tinguishers. Manasquan, 187 Matawan, InnovativeSales, 1000 Neptune, EastCoastCookery, 3548 OCEANCOUNTY Berkeley, SimpleTouchConsulting, P.O.Box117;businessconsultants.

Brick, CertaproPainters-TheCentral, Brick, BayBreezeChiropracticCen- ter, Lacey, PrudentialFinancial, 640Lac- Jackson, OCSCleaningServices, P.O. Jackson, DreamCatcherConstruc- tion, 27E.VeteransHighway;construc- tioncompany. Lakewood, 1700Madison Ave.No.6;retailwomen’sapparel. Lakewood, CrazyCheapStore, 41 Lavallette, SeasideConvenience, 50 ShipBottom, Dan'sGardenAuto Techs, 237W.EighthSt.;automobilere- pairingandservice. Newbusinesses UpperFreeholdwomannamed boardchairwoman SheriseRitterofUpperFreehold wasnamedchairwomanoftheRobert WoodJohnsonUniversityHospital HamiltonFoundationboardofdirec- tors.

RWJHamiltonfor firstwomantobe namedtotheposi- tion. Sheisaprincipal ofMercadienP.C., CertifiedPublic managingdirector ofTheMercadien terhasexperienceintaxplanning, preparationandreportingforindivid- zations.Sheischairwomanofthefirm's nonprofitservicesgroup. CentraStateexecutive recognizedforwork Indranil dentandchiefinformationofficerfor beenawardedtheStateAdvocacy AwardbyTheCollegeofHealthcare InformationManagementExecutives (CHIME). Gangulywasrecognizedforhis activeinvolvementinCHIMEStateNet, anonlinenetworkofCIOsandother healthinformation-technologystake- holdersintendedtoenhancecommuni- cationandfosterstatewidecoalitionson importantmatersrelatedtotheHI- growthandsuccessofstatewideinitia- tivestofurthertheadvancementof healthinformationexchangeandhealth information-technologyadoption. Jobseekersseminarplanned atShrewsburylibrary TheMonmouthCountyLibrary, jobseekersat7p.m.Monday.

Theinteractivetalkwillfocusonjob tothinkoutsidetheboxinordertoiden- tifyopportunitiesandtheinterview process. Theseminarisfree.Call866-941- 8188forinformation. LocalBriefsarecompiledbyRenee Freeman.Informationonnew associationawardsandbusinessnotes onpeoplemaybemailedtoher njpressmedia.comortotheAsburyPark Localbriefs Ritter cobrafarm. dyportfolioofextremelydiverseinvestments.You’lljusthavetofightthedesireto snakes. Theaveragestockmutualfundlost about3.6percentin2011,tackingonone wretchedrecord.

Butmostinvestorsprobablydidbetter thantheaveragestockfundlastyear. Thefundindustrystarted2010with47 cordingtotheInvestmentCompany percentwasinmoneyfunds. Moneyfundsyieldedslightlymore fundsboomed.TheaverageU.S.govern- mentsecuritiesfundgained8.9percent. Aportfoliowith50percentinstocks, 25percentinbondsand25percentin moneyfunds roughlytheindustryaver- age wouldhaveekedouta0.4percent gain.Nothinggreat,butnotaloss. Notalldiversificationishelpful.Add- inginternationalfundstoyourportfolio wouldhaveworsenedyourperformance, thankstoallthewoesintheeurozone.

gainedjust2.5percentasinvestorsfled anythingwiththeriskofdefault. Themainproblemwithinternational toocloselycorrelatedwiththeinvest- mentsyouwanttodiversifyawayfrom. Foreignstockstendtoswoonatthesame timeasU.S.stocks.Andjunkbondstrack stocksmorecloselythanbondsdo. createaportfoliothatwillhavesome elementsthatwillprosperunderany giveneconomiccircumstances.Forthe wantotherinvestmentstoprotectyouin badtimes. Investorsshouldworryabouttwo isaperiodofeconomiccontractionac- companiedbyfallingprices.Thelastbig outbreakofdeflationwastheGreatDe- havehadmanyofthehallmarksofa foodpricesareup.Butmanyofyour tionaryperiod.Bondsmakeregularin- comepayments andwhenpricesare valuableeachmonth.High-qualitydivi- dend-payingstocksalsodowellindefla- tionaryperiods.

Duringinflationaryperiods atimeof Investorsshouldfollowthesmartwaytoplaythingssafe John Waggoner.