09/04/2026
What’s Driving Construction Spending in 2026?
U.S. Construction Spending in 2026: Size With Specificity
U.S. construction spending is running near a $2.2 trillion seasonally adjusted annual rate in 2026. The headline number looks strong, but growth is narrowing. Housing, roads and retail are consistent, but no longer the main engine. Data centers and semiconductor fabrication plants are driving the largest gains. Data center construction has roughly quadrupled since 2021. Hyperscale campuses are generating demand for high-capacity electrical systems, advanced cooling and backup power.
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