On this week’s episode of “The Bottom Line With ABC Chief Economist Anirban Basu,” get insights on the  nonresidential construction spending, which was virtually unchanged in October,  according to an ABC analysis of data published by the U.S. Census Bureau.

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.

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.

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.

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. 

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. 

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.

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.

On July 22, the U.S. House of Representatives passed the Great American Outdoor 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.

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.