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  • Construction spending stalls despite data center boom

    Construction spending stalls despite data center boom

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    Dive Brief: Nonresidential construction spending ticked up 0.1% in January to a seasonally adjusted annual rate of $1.25 trillion, according to an Associated Builders and Contractors analysis of U.S. Census Bureau data released Monday. Even though spending increased in 12 of the 16 nonresidential subcategories, data center construction accounted for more than 75% of the…