New Home Sales Edge Up in April
Indicating that the housing recovery will occur slowly, the Commerce Department reported that new home sales edged up 0.3% in April to a seasonally adjusted annual rate of 352,000, following a downwardly revised rate of 351,000 in March. The median sales price of a new home fell to $209,700, a 14.9% drop from April 2008, but up 3.7% from March. Prices are likely to remain weak for many months as builders must compete with the huge backlog of existing homes for sale and bargain-priced foreclosures. There were 297,000 new homes for sale at the end of April, down 4.2% from 310,000 in March. At the current pace, it would take more than 10 months to exhaust the supply of new homes on the market. Homebuilders have scaled back their operations dramatically to weather the protracted downturn. However, in recent weeks companies have said they see signs that the housing market slump has bottomed.
Return to:
Factoring, Credit and Economy News
Date Last Updated: 06/03/2009
News Feeds
-
Charter Capital Blog on MerchantCircle
-
Factor My
Invoices Blog
- Small Business and Invoice Factoring News Blog
- Small Business Financial News Blog
|
 |
|
|
|
|
|
|
|
|
|
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
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.
|
|
|
|
