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.
Residential sales slip
HUD and the Census Bureau have announced May 2019 statistics on new residential sales:
- New home sales: Sales of new single-family houses in May 2019 were at a seasonally adjusted annual rate of 626,000. This is 7.8 percent below the revised April rate of 679,000 and 3.7 percent below the May 2018 estimate of 650,000.
- Sales price: The median sales price of new houses sold in May 2019 was $308,000. The average sales price was $377,200.
- For sale inventory: The seasonally adjusted estimate of new houses for sale at the end of May was 333,000. This represents a supply of 6.4 months at the current sales rate.