Data Centers Drive 90% of Nonresidential Construction Growth

Construction spending dipped 1.9% in September to a seasonally adjusted annual rate of $2.19 trillion, according to KPMG. That number sounds like a slump until you look at where the money is moving…

Key takeaway

Private power spending is up 12% year over year, while data centers alone grew 90% in one year. If you are an electrician, the work is shifting toward utility scale and high-voltage systems.