US Data Center Construction Spending
Monthly value of private data center construction put in place in the United States, seasonally adjusted at an annual rate. Reported by the U.S. Census Bureau as a subcategory of "Office" since July 2024, with the historical series reconstructed back to January 2014.
The single cleanest, most objective indicator of real AI infrastructure investment in the United States. Not forecasts, not analyst commentary — physical capital expenditure on the buildings that house hyperscaler servers, updated monthly. A leading indicator for compute supply, power demand, and the addressable market for every name in the AI infrastructure chain.
Data is fetched directly from the Census Bureau’s public workbook and refreshed automatically when the next monthly release lands. No third-party intermediaries.
