New Home Sales Tumble in May
New home sales declined for the sixth time in seven months, while median prices continued to fall, signaling that the housing slump is dragging on indefinitely. The Commerce Department reported that sales of new homes fell 2.5% in May. Sales were down the most in the West, falling 11.6%. Sales declined 7.9% in the Northeast. However, sales grew in the Midwest by 5.1% and were up 0.4% in the South. Meanwhile, the median price of a new home sold in May fell to $231,000, down 5.7% from a year ago. The inventory of unsold homes rose to 10.9 months in May, meaning it would take that long to exhaust the current supply of unsold homes. Because of this, economists say that home prices could keep falling for quite some time.
Return to:
Factoring, Credit and
Economy News
Date Last Updated: 06/26/2008 |
 |
|
|
|
|
|
|
|
|
|
Charter Capital services many industries. Here are just a few of the industries
we are currently financing:
Trucking and Freight
It has never been easier for trucking companies and freight brokers to get cash
with Freight Bill Factoring from Charter Capital. We purchase your freight bills
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 company 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 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 from
Charter Capital can accommodate the working capital funding needs of both new
manufacturing companies as well as those that have been around for years.
Technology Staffing Firms
Service providers such as technology
consulting and staffing firms are great candidates for our FactorLine accounts receivable
funding 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.
|
|
|
|
