Connect to today’s credit, economy and business finance news from Charter Capital. Get breaking news, updates and reporting on industry news providing small businesses with up-to-date financial information and resources.
New Home Sales Plunge
In a surprise to many economists who expected a gain, new home sales plunged in November to the lowest level since April, a sign the housing market recovery will be a choppy one. The Commerce Department said November's sales fell 11.3% to a seasonally adjusted annual rate of 355,000 from a downwardly revised 400,000 in October. Sales were down 9% from November 2008. The only region that showed strength was the Midwest, where new home sales increased 21.4%. Sales fell 21.1% in the South, 9.2% in the West and 3.3% in the Northeast. The median sales price of $217,400 was down 1.9% from $221,600 a year earlier, but up 3.8% from October's level of $209,400. Builders had 235,000 new homes for sale nationwide at the end of November. That was down 2% from October and the lowest inventory level since April 1971. At the current sluggish sales pace, that still represents 7.9 months of supply.
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Date Last Updated: 12/28/2009
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Charter Capital services many industries. Here are just a few of the industries for which we are currently providing business financing:
Trucking and Freight
It has never been easier for trucking companies and freight brokers to get financing with Freight Factoring from Charter Capital. We purchase your Freight Invoices
and fund you within 24 hours, so you don't have to wait to get paid.
Staffing Firms
We can help you grow your staffing business with unlimited payroll funding, whether you're a start up or a multi-million dollar temp-staffing agency. Our clients provide staffing for various industries including Professional, Office Services, Medical, and Manufacturing.
Security Firms
Demand for security services in the USA is on the rise. Be financially prepared to gain your share with a FactorLine business financing facility only from Charter Capital.
Manufacturing
If your business is a manufacturing plant, distributor, packaging company, or any business that invoices to credit worthy customers, then a FactorLine financing facility from Charter Capital can accommodate the working capital funding needs of both new
manufacturing businesses as well as those that have been around for years.
Technology Staffing Firms
Service providers such as technology consulting businesses and staffing firms are great candidates for our FactorLine accounts receivable financing service, enabling you to increase your cash flow without the need for bank loans. We are always adding new industries and will consider factoring service providers in any industry.
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