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U.S. Data Center Construction, Adjusted for Building Costs

Private construction put in place, data centers, seasonally adjusted annual rate, $ billions at 2025 prices, monthly

$80.8B in Aug 2026the highest in data back to 2016+$73.6B since Aug 2016
YTD1y2y5y10y20yAll
ForecastOffContinuationForesight™
Show · 1 ▾
U.S. recessionsShades the months the NBER dates as recession. U.S. charts only.5-year rangeThe highest and lowest readings of the last five years, as a band. One-series charts only.High and lowMarks the highest and lowest readings in the window shown.
Current·Data to Aug 2026

Plays the chart through its history. Pauses are where the data set a record or moved most.

Continuation · the recent trend, flattening · 30 days

Dashed: the projection from the latest reading. Shaded: the range about two in three outcomes land in. A projection, not a promise.

U.S. Census Bureau, Construction Spending (Value of Construction Put in Place), private data centers (within office), deflated by Palanor to 2025 dollars with the BLS producer price index for final demand construction. Census began reporting data centers separately in January 2014.

How much is being spent each month building data centers in the United States, with rising construction costs taken out so years can be compared. Spending has climbed steeply since 2022.

What this chart reads

Sources

U.S. Real Private Construction Spending · Data Centers (2025 Prices, SAAR). Source: U.S. Census Bureau, Construction Spending (C30), value of construction put in place, seasonally adjusted annual rate. Public domain. U.S. Bureau of Labor Statistics, Producer Price Index for final demand construction (series WPSFD43), read from the BLS API. Public domain. Deflated by Palanor.

Charts are drawn from Palanor's signal library and recomputed from source data on every view. Transformations (changes, indexing, year-on-year rates) are Palanor's.

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