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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.

 

How to Get Payment Bond Information on a Federal Project

Need payment bond details for a federal construction project? Learn how to access this crucial information directly from the government & protect your payments.

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Case Study: Hundreds of Projects. One Spreadsheet. A Better Way Forward.

Explore advanced lien tracking solutions tailored for seamless ERP integration. Boost productivity & simplify processes to effectively manage construction credit.

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Podcast: Lien Waivers for Contractors & Subcontractors

Tune into our podcast with construction attorney Mark Grzymala to discover the types of lien waivers for contractors and subcontractors, when to sign, and more.

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