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.
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