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From the category archives: Economics

The Bottom Line With ABC National's Chief Economist Anirban Basu - Nov. 11, 2020

On this week’s episode of “The Bottom Line With ABC Chief Economist Anirban Basu,” get insights on the Construction Backlog Indicator, which rebounded to 7.7 months in October, an increase of 0.2 months from September’s reading, according to an ABC member survey conducted from Oct. 20 to Nov. 5. Backlog is 1.2 months lower than in October 2019.

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The Bottom Line With ABC National's Chief Economist Anirban Basu - Nov. 3, 2020

On this week’s episode of “The Bottom Line With ABC Chief Economist Anirban Basu,” get insights on the latest GPD growth and nonresidential construction spending.

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The Bottom Line With ABC National's Chief Economist Anirban Basu - Oct. 14, 2020

On this week’s episode of “The Bottom Line With ABC Chief Economist Anirban Basu,” get insights on construction backlog, which fell to 7.5 months in September, a decline of 0.5 months from August’s reading. The Construction Confidence Index, however, does provide some reasons to remain optimistic.

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The Bottom Line With ABC National's Chief Economist Anirban Basu - Oct. 6, 2020

ABC’s Chief Economist Anirban Basu reports on construction employment, which added 26,000 jobs on net in September, according to an ABC analysis of data published by the U.S. Bureau of Labor Statistics. 

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The Bottom Line With ABC National's Chief Economist Anirban Basu - Sept. 16, 2020

ABC’s Chief Economist Anirban Basu reports on the construction backlog indicator which rose in August, according to an ABC analysis of data published by the U.S. Census Bureau. Confidence among U.S. construction industry leaders also rose in August regarding sales, staffing levels and profit margins, according to ABC’s Construction Confidence Index. 

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The Bottom Line With ABC National's Chief Economist Anirban Basu - Sept. 2, 2020

ABC’s Chief Economist Anirban Basu reports on the national nonresidential construction spending which fell 1.2% in July, according to an ABC analysis of data published by the U.S. Census Bureau.

To learn more visit abc.org/economics.

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The Bottom Line with Anirban Basu - August 5, 2020

On this week’s episode of “The Bottom Line with ABC Chief Economist Anirban Basu,” Anirban provides an update on nonresidential construction spending in the midst of the coronavirus pandemic.

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House Approves ABC-supported Great American Outdoors Act, Which Would Create 100,000+ Construction Industry Jobs

On July 22, The U.S. House of Representatives passed the Great American Outdoors Act (S. 3422/ H.R. 1957), which was introduced by Sen. Cory Gardner (R-Colo.), by a vote of 310-107. The bill is expected to be signed into law by President Trump. Ahead of the vote, ABC sent a letter to the House in support of the legislation, urging the swift consideration and approval of the Senate-passed version of the bill.

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The Bottom Line With Anirban Basu - July 14, 2020

Associated Builders and Contractors recently reported that its Construction Backlog Indicator rose to 8.1 months in June, an increase of 0.2 months from May’s reading. CBI is down approximately 8% from its June 2019 level. Every region except the Middle States experienced an increase in backlog in June compared to May, according to an ABC member survey conducted from June 20-July 1. 

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House Passes ABC-Opposed $1.5 Trillion Infrastructure Bill with Anti-competitive Mandates

On July 1, the U.S. House of Representatives passed H.R. 2, the Moving Forward Act, on a mostly party line vote of 233 to 188, with three Republicans voting for the bill and two Democrats voting against it. The House Democrats’ infrastructure plan would spend more than $1.5 trillion on surface transportation, airport, school, housing, healthcare, energy, water and broadband infrastructure, however, it also includes numerous anti-merit shop provisions opposed by ABC.

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