Data center construction spending rocketed 28% in the last year

Overall nonresidential construction spending, however, ticked up 0.1% month over month in April, with momentum elsewhere “difficult to find,” said Anirban Basu, ABC chief economist.

Construction spending slips again despite data center strength

There aren’t many sources of month-to-month momentum “with the exception of the ongoing boom in data center construction,” said Anirban Basu, ABC chief economist.

Construction Job Openings Rebound Following "Historic Low"

Despite a small increase in hiring, the job market for construction workers remains "subdued," says ABC chief economist Anirban Basu.

Construction’s economic outlook is increasingly cloudy beyond data centers

The artificial intelligence boom “probably will end at some point. But not now,” said Anirban Basu, ABC chief economist. Commercial builds posted weaker activity.

Construction hiring data indicates a cooling labor market

Low hiring and few job separations in February led to the lowest construction labor turnover rate since 2000, according to Anirban Basu, chief economist at ABC.