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US data center construction spending jumps 46% in June to $68 billion annualized

US data center construction spending jumps 46% in June to $68 billion annualized

June marked the biggest year-over-year increase in 12 months, with U.S. data center building outlays up 158% since January 2024 and more than triple 2022 levels.

Fact Check
The central, most concrete claims — annualized $68 billion in June and 46% year-over-year growth — are directly confirmed by multiple sources citing U.S. Census Bureau data, including ABC's official analysis (BDC Network, TheJobWalk) and Axios/Yahoo Finance. Sources describe it as a record rate of spending, consistent with the claim's characterization of a record surge and the biggest YoY increase. The additional derived figures (up 158% since January 2024 and more than triple 2022 levels) are not independently quoted in the located sources but are consistent with the documented multi-year AI-driven boom. Given strong corroboration of the primary figures, the claim is likely true.
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Summary

U.S. data center construction spending rose 46% year over year in June to a record annualized rate of $68 billion, marking the largest annual increase in 12 months. The latest reading extends a powerful buildout trend tied to rising demand for digital infrastructure, with spending up 158% since January 2024 and more than tripling compared with 2022.

Terms & Concepts
  • annualized rate: A pace scaled to a full year
  • year over year: Compared with the same month a year earlier
  • data center: Facility housing computing and storage systems