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NCS Credit Lien Index 2022 Q4

kalford January 16, 2023

NCS Credit Lien Index 2022 Q4

The Lien Index increased 3 points in Q4 2022 to 47, a 7% increase over Q3 2022 and 34% increase year over year. The driving force behind the rise in mechanic's lien activity came from the South, where activity increased by 15%. The  West also contributed to the overall increase in lien activity; though, its lien activity increased at a more moderate rate of 3%. The Midwest saw a 5% decrease in activity and the Northeast had a dramatic dip of 9%. Throughout the last year, economists warned of the toll of high interest rates and possibility of recession, and we are now beginning to see significant signs of slowdown ahead. Download the full report for details.

 

Podcast: How Price Escalation Clauses Protect Subcontractors

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Download our guide to lien waivers in construction. Learn how to choose the right waiver for contractors, meet state requirements, and protect payment.

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