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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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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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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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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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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Wednesday, July 22, 2020 2:21 PM |
ABC News,
Politics & Policy,
Economics,
State/Local News,
Legislation,
GA-Legislative Activities,
GA - Employment,
GA - Private-Public Partnerships,
GA-Infrastructure
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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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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Wednesday, July 1, 2020 3:27 PM |
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Politics & Policy,
Economics,
State/Local News,
Legislation,
GA-Legislative Activities,
GA - Employment,
GA - Private-Public Partnerships,
GA-Infrastructure
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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On June 22, Chair of the House Committee on Transportation and Infrastructure Peter A. DeFazio (D-Ore.) was joined by six other Democratic House committee chairs in a press conference releasing the Democratic Infrastructure Bill, H.R. 2, the Moving Forward Act.
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Tuesday, June 23, 2020 2:22 PM |
ABC News,
Politics & Policy,
Economics,
State/Local News,
Legislation,
GA-Legislative Activities,
GA - Employment,
GA - Private-Public Partnerships,
GA-Infrastructure
On June 17, The Great American Outdoors Act (S. 3422), introduced by Sen. Cory Gardner (R-Colo.), was passed in the U.S. Senate by a vote of 73-25. This bipartisan legislation would help address the $20 billion deferred maintenance backlog in the Department of the Interior, $12 billion of which is accumulated by the National Park Service, creating thousands of construction jobs in the process.
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