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U.S. data-center construction was reported at $84.95 billion at a seasonally adjusted annual rate (SAAR) in August 2026. That is an annualized pace based on August activity—not $84.95 billion actually spent or completed during the month. NeoTeo’s analysis of U.S. Census construction tables put the comparable August 2025 rate at $49.05 billion, a 73.2% year-over-year increase. NeoTeo’s analysis
What does the $84.95 billion figure mean?
SAAR, or seasonally adjusted annual rate, expresses the pace implied by one month’s construction activity as if that pace continued for a full year, with seasonal effects adjusted. The $84.95 billion figure is therefore an annualized rate derived from August work. It is neither the amount spent in August alone nor a cumulative total for the first eight months of 2026. The Census Bureau describes its Value of Construction Put in Place survey as a monthly estimate of the dollar value of construction work performed in the United States, covering new structures and improvements in private and public sectors. Census Bureau survey description
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How does August 2026 compare with August 2025?
| Measure | August 2025 | August 2026 | Change |
|---|---|---|---|
| Private data-center construction, SAAR | $49.05 billion, according to NeoTeo’s analysis of Census tables | $84.95 billion, according to NeoTeo’s analysis of Census tables | 73.2% increase year over year, as calculated in that analysis |
| Total U.S. construction spending, SAAR | Not stated in the cited Census release excerpt | $2,203.1 billion, U.S. Census Bureau | 1.7% lower than August 2025, U.S. Census Bureau |
| Private nonresidential construction, SAAR | Not stated in the cited Census release excerpt | $773.0 billion, U.S. Census Bureau | Not stated in the cited Census release excerpt |
The data-center category’s reported rise contrasts with the broader year-over-year decline in total construction spending. These figures describe different slices of construction activity, so the data-center rate should not be treated as a share directly comparable to all construction spending. The Census release supplies the broad totals; the data-center category values come from NeoTeo’s secondary analysis, not the surfaced Census release text. Census August construction release NeoTeo analysis
What does the data-center construction measure include—and exclude?
The reported $84.95 billion is a construction-work measure, not the complete cost of building and equipping a data center. NeoTeo’s analysis says servers and racks are excluded from the data-center construction category, while power plants and transmission lines are classified separately under power construction. Those boundaries mean the number should not be read as the total investment in data-center buildings, computing equipment, and supporting power infrastructure. NeoTeo analysis of category scope
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How certain is the August estimate?
The Census Bureau says monthly construction-spending estimates can be revised, so the August figures are preliminary rather than final. The September 2026 construction-spending report was scheduled for November 2, 2026. The $84.95 billion category value and its scope description should be understood as figures reported by NeoTeo’s analysis of Census tables; the surfaced official release confirms the broader August estimates but does not display that category-level value. Census August construction release Census release schedule
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