Data center construction grows 64.5% as other building sectors shrink, analysis shows
An economic essay by writer Derek Thompson, citing Harvard economist Jason Furman's data, shows data center construction spending surged 64.5 percent over the past year while nearly every other construction category declined. New energy infrastructure grew 4.1 percent to support AI-driven electricity demand, while manufacturing construction fell nearly 24 percent, education fell 12.6 percent, and healthcare and retail construction each dropped about 10.1 percent.