`^H` special character appears in compilation buffer with Emacs 27.1

[peterbecich]

In Emacs 27.1, the compilation buffer prints many copies of this special character. Example:

stack build amazonka-gen
Progress 0/57             async               > using precompiled package
.
.
.
case-insensitive, clock, cmdargs, czipwith, data-default-class, deriving-compat, directory-tree                                                                                                                              directory-tree      > using precompiled package
Progress 1/57: ansi-wl-pprint, case-insensitive, clock, cmdargs, czipwith, data-default-class, deriving-compat, directory-tree

Thank you