Private Nonresidential Construction Slows for Fourth Straight Month in January Despite Jump in Data Center Spending

Nonresidential construction spending remained flat in January at $1.245 trillion on a seasonally adjusted annualized basis, marking the fourth consecutive month of slowdown. Data center construction provided the only bright spot, with spending in that sector jumping despite weakness across most other building categories.

WASHINGTON, March 23—Total nonresidential construction spending was virtually unchanged in January, according to an Associated Builders and Contractors analysis of data published by the U.S. Census Bureau. On a seasonally adjusted annualized basis, nonresidential spending totaled $1.245 trillion.…

This story was originally published by Construction Executive.