Data center boom masks 7.9% decline in private nonresidential construction spending

Nonresidential construction spending rose 0.1% nationally in June, according to an Associated Builders and Contractors analysis of data published by the U.S. Census Bureau. On a seasonally adjusted annual rate, nonresidential spending totaled $1.277 trillion. Spending was up on a monthly basis in 8 of 16 nonresidential subcategories. Both public and private nonresidential spending were… Continue…