Investorideas.com
Search  Follow Investorideas on Twitter  Investorideas is on Facebook  Investorideas is on Google Plus  Investorideas is on Youtube  Investorideas is on Pinterest  Investorideas is on tumblr  Investorideas is on LinkedIn  Investorideas RSS 


Investorideas podcasts on iTunes, Google Play Music and iHeart.com    Bitcoin and Blockchain Stocks

 

Join Investor Ideas Members to access the Renewable Energy stocks directory, water stocks, biotech stocks, defense stocks directories and the Insiders Corner

As 2018 Begins, Legalshield Index Suggests A Rebound In Housing Is Unlikely This Quarter

Overall, Data Continue to Indicate That Underlying Economic Fundamentals Remain Solid, though Consumer Confidence is Likely Overstated

 

ADA, OKLAHOMA - February 8, 2018 (Investorideas.com Newswire) Released today, the LegalShield Real Estate Index, a leading indicator of existing home sales, declined (worsened) 0.2 points to 100.3 in January and is 2.7% below year-ago levels. Recent movement in the Real Estate Index accurately predicted that November's surge in existing home sales would not be sustained, and its current reading suggests that home sales will remain subdued in the short term. Meanwhile, LegalShield's Consumer Financial Stress Index continues to suggest that the Conference Board's Consumer Confidence Index is overstated. Consumer financial health remains historically strong, however, as evidenced by solid consumer spending in the 4th quarter.

"Our data continues to indicate that consumers are right to feel good about their current financial situations and the overall economy in the first half of 2018, despite high consumer debt levels and a 12-year low in the personal savings rate," explained James Rosseau, LegalShield's chief commercial officer. "The LegalShield Law Index, which is based on requests for legal services from consumers and small businesses, continues to paint a positive picture of the economy."

The LegalShield Law Index comprises five indices, including the Real Estate Index, Consumer Financial Stress Index, Housing Activity Index, Bankruptcy Index, and the Foreclosure Index.

The LegalShield Consumer Financial Stress Index climbed (worsened) from 88.7 to 92.0 in January due to a significant increase in the estate planning component. However, LegalShield analysts suspect that the spike in demand for estate planning legal services is related to the recently-passed tax law and may be a temporary blip rather than an indication of increased financial stress. Meanwhile, the Conference Board's Consumer Confidence Index rose (improved) by 2.3 points in January, offsetting roughly half of its 5+ point decline in December. The unusual divergence between the two indices remains, and LegalShield data (along with other measures of confidence such as the University of Michigan's Consumer Sentiment Index, which is down 2.8% Y/Y) suggest that consumer confidence is likely overstated relative to economic fundamentals.

In January LegalShield's Housing Activity Index increased (improved) 1.8 points to 111.5, driven by a significant improvement (reduction) in the foreclosure component. The index has been largely flat over the past six months, reflecting a similar sideways movement in housing starts, which fell sharply in December but remain mostly unchanged from six months ago. However, residential investment grew 11.6% (SAAR) in the fourth quarter of 2017, the strongest quarterly growth in nearly two years.

"While we don't anticipate a huge rebound in housing construction activity in the near-term, there are signs that homebuilders are starting to overcome some of the headwinds they faced last year," Rosseau added. "The housing sector will be a key wild card to watch for the U.S. economy in 2018."

Additional predictive takeaways based on the data through January:

  • 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 jmonford@ppmgcorp.com 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 solutions 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.


HomebuilderStocks.com - A Leading Global Website for Homebuilder Stocks

HomebuilderStocks.com - investing ideas in homebuilder stocks/real estate stocks and industry

Like Homebuilder Stocks? View our Homebuilder Stocks Directory


More Info:

Investorideas.com Newswire

This news is published on the Investorideas.com Newswire - a global digital news source for investors and business leaders

Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact each company directly regarding content and press release questions. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. More disclaimer info: http://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release on the Investorideas.com newswire http://www.investorideas.com/News-Upload/

Additional info regarding BC Residents and global Investors: Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894. Global investors must adhere to regulations of each country.



Questrade Democratic Pricing - 1 cent per share, $4.95 min / $9.95 max