LegalShield April Economic Stress Index: Housing Construction Boom Continues as Demand Remains Strong
ADA, Okla. — LegalShield today released its April Economic Stress Index, a suite of leading indicators of the economic and financial status of U.S. households and small businesses. The LegalShield Housing Construction Index rose to an unprecedented level in the series’ history. Member requests for legal consultation on real estate matters reached their highest level in over a decade. Pandemic-induced shifts in housing demand have resulted in a national shortage of nearly 4 million homes, and builders are rushing to play catch-up. Meanwhile, Consumer Stress, a primary sub-index, fell to its lowest level on record in April due to The American Rescue Plan, warming weather, and rebounding economic activity.