The LegalShield Law Index has appeared in the following publications:
businesswire logo new-1.png
Medium-logo-2015-logotype-1024x768 2-1.png
builder (1)-4.png


The Rebound in Housing Starts is Expected to Continue, Though the Potential for New Trade Restrictions is Concerning


ADA, OKLAHOMA (March 8, 2018) Released today, the LegalShield Housing Activity Index, a leading indicator of housing starts, is up 4.3 percent compared to a year ago, suggesting that housing construction momentum is building. The solid gains in the Index over the last 12 months reflect a similar movement in housing starts, which have risen more than 7 percent over the same period. Indeed, residential investment grew a seasonally adjusted 13 percent (annualized) in the fourth quarter of 2017, the strongest quarterly growth in nearly two years. This suggests that builders may have begun to overcome some of the headwinds they faced last year, including labor shortages and the high cost of building materials.

“Two indications that housing may pick up in 2018 are the recent rise in housing permits, which are a leading indicator of housing starts and are up 7.4 percent on the year, and new housing unit authorizations, which were nearly 11 percent above year-ago levels in January,” explained James Rosseau, LegalShield’s chief commercial officer. “However, the potential for new trade restrictions could increase the price of key materials, such as lumber, steel, and aluminum, and that could lead to weaker construction investment. This is a development that should be closely monitored in the weeks and months ahead.”

The Housing Activity Index is a component of the LegalShield Law Index, which reflects the demand for legal services among the company’s dedicated law firms in all 50 states. The Law Index is a suite of leading indicators of the economic and financial status of U.S. households and small businesses. The LegalShield Law Index also includes the Consumer Financial Stress Index, Real Estate Index, Bankruptcy Index, and the Foreclosure Index.

LegalShield’s Consumer Financial Stress Index was unchanged in February and remains near historical lows. Meanwhile, the Conference Board’s Consumer Confidence Index improved by 6.5 points in February to 130.8 (its highest level since 2000), likely driven in part by the recent reduction of federal tax rates on business and households. Though LegalShield data—which is based on actual consumer behavior (demand for legal services) rather than perception—indicate that consumer financial health remains quite strong, the data also suggest that consumer confidence may be overstated relative to underlying economic fundamentals.

“We are concerned about worrisome trends, such as elevated consumer debt levels and a 12-year low in the personal savings rate,” Rosseau went on. “Nevertheless, LegalShield data point to continued low consumer financial stress for the first half of the year.”

In February the LegalShield Real Estate Index declined (worsened) 2.0 points to 98.3 and is down 4.7 percent since early 2017. Indeed, existing home sales are also down 4.7 percent over the same period, reflecting the extremely tight supply of homes for sale. Overall, demand for homes remains robust, as evidenced by survey data from the National Association of Realtors (NAR) that shows an overwhelming majority of non-homeowners wish to own a home in the future. However, NAR also finds that pending home sales are at their lowest level in over three years, and prices for existing homes have risen nearly 6 percent over the last 12 months in part because of falling inventories. At the same time, mortgage rates are steadily climbing, and the average interest rate on a 30-year fixed-rate mortgage is now at its highest level in four years.

“Overall, these effects point to flat growth in existing home sales over the next two to three months, though sales may improve later this year if housing starts continue to rise, as expected,” Rosseau said.


Drew Edmondson | Former Attorney General of Oklahoma

"I am a great believer in Legal Shield.  People should be able to practice preventive law just like preventive medicine, to be able to consult with an attorney before you act on a legal matter.  It is a great comfort to know you have access to legal services any time you need them."

Mike Moore | Former Attorney General of Mississippi

“This company and product balances the scales of justice for all of our citizens”

Grant Woods | Former Attorney General of Arizona 

“The bottom line of LegalShield is that it provides a way for hard-working individuals to have access to the services of an experienced lawyer with no catch involved. The company’s legal service plans are proof that quality legal representation can be obtained without paying a high price in fees and frustration.

LegalShield’s dedication and devotion to creating a better life for its members through solid legal assistance is a unique business model that I believe benefits everyone. Legal and identity theft plan coverage is now a necessity as common challenges in the judicial system can quickly evolve into uncommon situations.”     

Additional predictive takeaways based on the data through February:

The LegalShield Bankruptcy Index, a leading indicator of monthly bankruptcy filings, continues to suggest that bankruptcies will remain subdued in the near term. However, if the combination of student loan, auto loan, and credit card debt begin to drag on consumer financial health, bankruptcies may rise in the medium term.

The LegalShield Foreclosure Index, an advance measure of foreclosure activity, suggests that foreclosures should remain subdued in the short term.

The five LegalShield indices closely track a handful of key economic indicators, such as the Consumer Confidence Index (developed by the Conference Board), Housing Starts (reported by the U.S. Census Bureau), and Foreclosure Starts (reported by the Mortgage Bankers Association). Each LegalShield index has undergone a battery of statistical tests to validate its relationship to an existing economic indicator that sheds light on the health and direction of the U.S. economy. LegalShield publishes the Law Index monthly, on the sixth business day of each month. Please contact Jeff Monford at for a copy of the economic assessment.

About LegalShield 

A pioneer in the democratization of affordable access to legal protection, LegalShield is one of North America’s leading providers of legal safeguards and protection against identity theft for individuals, families and small businesses. The 45-year-old company has more than 1,751,000 members that are covered by its legal and identity theft plans. IDShield provides identity theft protection to one million individuals. LegalShield and IDShield serve more than 141,000 businesses. Both legal and identity theft plans start for less than $25 per month.

LegalShield’s legal plans provide access to attorneys with an average of 22 years of experience in areas such as family matters, estate planning, financial and business issues, consumer protection, tax, real estate, benefits disputes and auto/driving issues. Unlike other legal plans or do-it-yourself websites, LegalShield has dedicated law firms in 50 states and four provinces in Canada that members can call for help without having to worry about high hourly rates.

IDShield provides identity monitoring and restoration services and is the only identity theft protection company armed with a team of licensed private investigators on call to restore a member’s identity.

For more information, call press and corporate relations at 580-436-1234.

# # #

LegalShield Law Index-15 years of data becomes real-time US household & small business snapshot.




Jeff Monford/Stefan Pollack
The Pollack PR Marketing Group
212-601-9341/ 310-556-4443