Data centers dominate construction’s latest economic reports | Dump Trucks Charlotte NC

Key indicators for construction moved in a positive direction during May, but nearly every one of those economic reports highlighted the strength of data center projects and weakness in other areas.

Planning activity and groundbreakings picked up month over month in May. Contractors as a whole also tacked on more columbus oh dump truck company to their books during the month. Meanwhile, job openings in the construction industry hit their highest level of the year during that span.

Yet, the rosy picture belongs more and more to columbus oh dump truck company with exposure to the artificial intelligence buildout.

Though healthcare and infrastructure columbus oh dump truck company have propped up activity in recent months, columbus oh dump truck company still found the bulk of growth stems from AI-related construction, according to economic reports. The highest job opening level in 10-months likely reflects “exceptional demand” for certain roles critical for data center construction, said Anirban Basu, Associated Builders and Contractors chief economist.

Outside those builds, however, columbus oh dump truck company reported tougher conditions.

Private nonresidential construction spending, for example, fell for a seventh consecutive month in May. At the same time, costs on construction sites aren’t getting any cheaper. Input prices climbed at their fastest annual pace in May since the pandemic, according to U.S. Census Bureau data.

Read below for Construction Dive’s roundup of the latest economic data.