The Lien Index declined to 54 at the end of Q3, down 6 points from the revised Q2 Index of 60 and down 4 points over Q3 2023.
As lien activity slows, payments have improved over last quarter. However, an Index of 54 confirms payment issues remain. In addition to the typical pain points like high material costs and high interest rates, we are now met with the uncertainty of the election season.
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