For over 50 years, NCS has been the foremost authority in secured transactions. As the premier mechanic’s lien filer in North America, we provide services throughout the U.S. and Canada and across a myriad of construction industry verticals. Our extensive footprint, paired with decades of experience, affords us a unique perspective on economic trends in construction credit.
NCS’ Lien Index is derived from carefully monitored national and regional mechanic’s lien activity, construction economic data from various sources, and general economic trends. We’ve compiled and analyzed this data, to present to you in an easy-to-understand format. Our report includes NCS’ Lien Index, key economic indicators and trends, as well as our assessment on impacts to future construction business.
NCS’ Lien Index compares mechanic’s lien data quarter over quarter. The standard is zero (“0”), with a number greater than 0 representing an increase in mechanic’s lien activity and less than 0 representing a decrease in mechanic’s lien activity.
After a turbulent 2020, the NCS Lien Index (LI) reflected some return to normalcy in the latter quarters of 2020 and Q1 2021. The Q1 2021 LI posted a -3.1. All US regions, except the southern states, have been trending down in total liens filed over the past year, with the northern states experiencing the steepest decline.
NCS Lien Index Key Influencers
- ABC’s Construction Backlog Index gaining some strength, indicating improved business confidence for 2021.
- The Architecture Billing Index, Billing and Design Contract, both over 50 for the first time since pandemic.
- Total construction spending up 5.3% from pre-pandemic.
- Public and nonresidential down pre-pandemic, -0.3% and -6.1% respectively.
- Private and residential spending up year over year, 7.1% and 21.1% respectively.
- Total construction workforce 2.4% less than pre-pandemic.
- Construction Unemployment rate at 8.8%, but still 3.1% greater than pre-pandemic.
- Residential workforce up 3.9% and nonresidential down 4.5% pre-pandemic.