The Lien Index decreased 16 points in Q2 2023 to 47. The significant decrease comes as the revised Q1 2023 Index skyrocketed to 63.
As anticipated, the revised* rate of activity for Q1 2023 skyrocketed to 63, resulting in a 19% increase in lien activity over Q4 2022.
Mechanic's lien activity decreased across all regions, with the West taking the largest dip and coming in 41% lower than the previous quarter.
Download the full report for details.