Credit, Economy and Financial News
New Home Sales Dip, But Encouraging Signs Emerge
New home sales dipped slightly last month, but builders are starting to see encouraging signs about the housing market, including a dip in the inventory of new homes for sale. The Commerce Department reported that sales fell 0.6% in March to a seasonally adjusted annual rate of 356,000 from an upwardly revised February rate of 358,000. February's results were adjusted upward by more than 6%. But, as a sober reminder of how far the housing market has fallen, the government said new home sales were down 30.6% from March 2008. The median sales price of a new home fell to $201,400, a 12% drop from a year ago. Prices are likely to remain weak for months as builders continue to clear out their backlog of unsold homes. On a positive note, there were 311,000 new homes for sale at the end of March, down 5.2% from 328,000 in February. But, at the current sales pace, the government said it would still take almost 11 months to exhaust the supply of new homes on the market.
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Date Last Updated: 04/30/2009
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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 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 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
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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.
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