Construction Spending
July 2026: Construction Spending Is Softening. Data Centers Are Surging as the Factory Boom Rolls Over
Key Takeaways * Flat in July, clearly down for the year. Total construction ran at a $2,157.6 billion seasonally adjusted annual rate. The 0.5% monthly dip (±0.8%) can’t be distinguished from zero, so July itself was flat — but spending is 3.8% below the same month