Construction Market Intelligence: The $58 Billion Build-Out and the Water Wall

A market-intelligence special on the data center construction boom: U.S. spending has hit $58.1 billion year to date, more than four times the prior record, with one recent month alone at $7.9 billion. Nearly 100 projects sit in preconstruction worth over $101 billion, median build cost is $473 per square foot, and five states capture about 60% of new starts. Named examples: Skanska's $255 million Georgia data center, and xAI's $80 million Memphis water-recycling restart for the Colossus campus,