How to add predictive analytics into your risk program. Risk reports are often limited to historical insights and issues and do not provide guidance and insights into the future of the organization. Adding predictive analytics can allow your organization to detect emerging risks and create mitigation plans. This can be achieved by combining internal and external key risk indicators (KRIs) and key performance indicators (KPIs) with regulatory intelligence. This ensures that risk reports can detect more issues and highlight areas of concern. Click here to learn more.
April residential sales decline
HUD and the Census Bureau have jointly announced statistics on new residential sales for April 2019:
- New Home Sales - Sales of new single-family houses in April 2019 were at a seasonally adjusted annual rate of 673,000. This is 6.9 percent below the revised March rate of 723,000 and 7.0 percent above the April 2018 estimate of 629,000.
- Sales Price - The median sales price of new houses sold in April 2019 was $342,200. The average sales price was $393,700
- For Sale Inventory - The seasonally adjusted estimate of new houses for sale at the end of April was 332,000. This represents a supply of 5.9 months at the current sales rate.