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Feature Markets report

a16z says AI accounts for nearly all new construction spending, and Census shows data centers up 57.2% as the total fell 3.8%

a16z's State of Markets deck credits AI with nearly all new construction spending. Census shows data centers up 57.2% in a year as the total fell 3.8%.

75,166 Millions of dollars, SAAR, July 2026 · +6.2% on the month · +57.2% on the year

Data center construction reached $75.2 billion SAAR in July 2026

Millions of dollars, SAAR

Data center construction reached $75.2 billion SAAR in July 2026Line chart with 55 points from January 2022 to July 2026, in Millions of dollars, SAAR. Series: Data centers. Values range from 10,564 to 75,166.020,00040,00060,00080,0002022-012022-112023-092024-072025-052026-07January 2022: 10,959February 2022: 10,564March 2022: 11,307April 2022: 12,160May 2022: 12,126June 2022: 12,190July 2022: 12,751August 2022: 13,142September 2022: 14,571October 2022: 12,816November 2022: 13,855December 2022: 14,244January 2023: 15,589February 2023: 17,920March 2023: 18,015April 2023: 17,943May 2023: 18,232June 2023: 18,735July 2023: 19,641August 2023: 20,498September 2023: 21,285October 2023: 23,720November 2023: 23,864December 2023: 24,238January 2024: 26,412February 2024: 28,319March 2024: 30,172April 2024: 28,069May 2024: 32,271June 2024: 35,304July 2024: 36,124August 2024: 36,668September 2024: 37,576October 2024: 40,048November 2024: 40,951December 2024: 44,703January 2025: 45,341February 2025: 46,409March 2025: 46,593April 2025: 52,818May 2025: 48,210June 2025: 46,850July 2025: 47,810August 2025: 49,052September 2025: 50,700October 2025: 54,260November 2025: 53,043December 2025: 55,461January 2026: 56,211February 2026: 57,361March 2026: 58,121April 2026: 61,859May 2026: 65,688June 2026: 70,755July 2026: 75,16675,166
Data center construction reached $75.2 billion SAAR in July 2026Line chart with 55 points from January 2022 to July 2026, in Millions of dollars, SAAR. Series: Data centers. Values range from 10,564 to 75,166.050K100K2022-012024-042026-07January 2022: 10,959February 2022: 10,564March 2022: 11,307April 2022: 12,160May 2022: 12,126June 2022: 12,190July 2022: 12,751August 2022: 13,142September 2022: 14,571October 2022: 12,816November 2022: 13,855December 2022: 14,244January 2023: 15,589February 2023: 17,920March 2023: 18,015April 2023: 17,943May 2023: 18,232June 2023: 18,735July 2023: 19,641August 2023: 20,498September 2023: 21,285October 2023: 23,720November 2023: 23,864December 2023: 24,238January 2024: 26,412February 2024: 28,319March 2024: 30,172April 2024: 28,069May 2024: 32,271June 2024: 35,304July 2024: 36,124August 2024: 36,668September 2024: 37,576October 2024: 40,048November 2024: 40,951December 2024: 44,703January 2025: 45,341February 2025: 46,409March 2025: 46,593April 2025: 52,818May 2025: 48,210June 2025: 46,850July 2025: 47,810August 2025: 49,052September 2025: 50,700October 2025: 54,260November 2025: 53,043December 2025: 55,461January 2026: 56,211February 2026: 57,361March 2026: 58,121April 2026: 61,859May 2026: 65,688June 2026: 70,755July 2026: 75,16675K
Source: census.gov
DateTrendCategoryTitleSummary
AIMach9 adds drone and aerial LiDAR to its AI survey drafting, and Langan says it cut delivery time about 40%Mach9's web-based AI CAD tool now drafts linework, classified point clouds and ground surfaces from drone, helicopter and plane scans.
AIShackleton AI launches agents that draft RFIs and chase overdue submittals, with $1 billion of projects on its platformShackleton puts bids, budgets, RFIs, submittals and field reports in one system, and its AI agents draft RFIs, chase submittals and write daily reports.
AIAI cross-check of structural calculations against rebar schedules found 253 errors, 29 of them critical, on a 19-story Seoul apartment buildingA Seoul research team's AI reads a structural calculation package and the structural drawings, matches each beam and column, and flags where they disagree.
AIBluebeam survey of 750 US AEC firms finds 28% run AI in production and 17% credit it with less rework FeatureBluebeam surveyed 750 US design and construction decision-makers on AI adoption, barriers to scaling, reported benefits, savings and hiring.
AIZutec launches Handover AI to sort subcontractor closeout documents and track what is still missingZutec Handover AI classifies, names and tags the closeout documents subcontractors upload and shows main contractors what is still outstanding.
AIEastern Construction says Tyce's AI bid review cut its preconstruction time at least 40%Tyce links drawings, specs, addenda and trade bids into one project model that flags scope gaps and contract risks and drafts proposals.
AINCC makes Buildots a preferred supplier after AI progress tracking lifted one project's Percent Plan Complete 2.3 timesBuildots compares 360-degree site captures with the 3D model and schedule, and NCC's Nordic building unit has signed it as a preferred supplier.
AIBobyard adds AI submittals that build product data packages from a trade contractor's takeoffBobyard's new submittals tool matches takeoff materials to catalog cut sheets and exports a GC-ready product data package as one PDF.
AIBluebeam Max puts AI drawing checks and a Claude connection inside Revu for $590 per user a year FeatureBluebeam Max adds AI sheet checks, AI revision comparison and a Claude connection to Revu, at an introductory $590 per user per year.
AIBedrock Robotics raises $600 million after its retrofitted excavators began paid, operator-free earthwork in AugustBedrock Robotics retrofits existing excavators to dig on their own once a site manager sets the plan, and says contractors now pay for that work.
AINetSuite plans AI agents that turn estimates into job budgets and draft pay applicationsNetSuite's planned construction product uses AI agents to turn estimates into schedules of values and job budgets, and to draft monthly pay applications.
AIDocument Crunch, now part of Trimble, adds drawing sets to its AI review of contracts and specsDocument Crunch's CrunchAI now indexes drawing sheet text so preconstruction teams can query drawings, contracts and specs together for scope gaps.
AIBRG survey finds 68% of North American construction executives spent $250,000 or more on AI and 15% call it fully integratedBRG surveyed 109 builder and owner executives on where they use AI, what they spent, the savings they report and how they measure the return.
AIProcore says its Magpie 3.0 engine completed 78% of 200-plus construction tasks, 18 points above the closest general AI model FeatureProcore's Magpie 3.0 reasons across RFIs, submittals, drawings and schedules, and Procore says it passed 78% of a 200-plus task construction test.
AIEarthCam connects its jobsite camera AI to ChatGPT and Claude and adds seven detection modelsEarthCam's new connectors let ChatGPT, Claude and other AI assistants answer jobsite questions from detections its cameras have already made.
AIHow to measure RFI turnaround before an AI pilot, with a 10-RFI exampleLogging drafting days and answer days for each RFI gives a baseline to test an AI RFI tool against. This example works through a 10-RFI log.
AIOrigin raises $20 million for OG-1, a robot that applies joint compound, sands and primes drywallOrigin's OG-1 robot applies joint compound, sands and primes interior walls up to 14 feet high, while the crew maps the site and refills material.
AISketchDeck 3.0 adds connection material and revision matching to the AI steel takeoff that more than 500 estimators use FeatureSketchDeck 3.0 reads structural steel PDF drawings, counts and sizes members, adds connection material and exports a bill of materials for review.
AIAutodesk names Diana Colella to lead AEC, the product family that brought in $3.58 billion in fiscal 2026Colella, who ran Media & Entertainment, now oversees Forma, Revit and Civil 3D. AECO was 49.7% of Autodesk's fiscal 2026 revenue.
AIPunch raises $2 million for spoken daily reports that one drywall superintendent says take 3 minutes instead of 30Punch turns a superintendent's spoken jobsite updates and photos into a daily report, follow-up tasks and purchase orders under the contractor's own rules.
AIProcore opens Compass Q Score prequalification to every general contractor and subcontractor on its platformPrequal for All puts Compass's Q1 to Q7 subcontractor risk score and prequalification results inside Procore's bidding workflow.
AIRelantic's RealityBench finds the best AI model reads a tape measure in a solar install photo within 1/8 inch 36% of the timeRealityBench scores 26 AI models on 1,378 rendered proof-of-work photos from rooftop solar installs and vehicle repair intake.
AIBlueprints AI launches V2, which drafts architectural, structural and MEP sheets from a sketch or a written descriptionBlueprints AI V2 turns a sketch, PDF or description into a drawing set across disciplines for a licensed professional to review and seal.
AIUpCodes says its AI Plan Review flagged 180,000 potential code issues across 1,300 plan sets FeatureUpCodes' AI Plan Review checks drawing sets against local codes. UpCodes says sets averaged 21 critical issues, 46% of them in life safety.
AITrack3D prices AI progress tracking at $0.15 per square foot and adds site photo documentation at no extra costTrack3D turns end-of-day site captures into percent complete by level, trade and area, checked against the schedule, for $0.15 per square foot.
AIServiceTitan opens its Max AI pilot to commercial contractors with daily log and invoice agentsServiceTitan's Max pilot gives commercial and roofing contractors AI agents that draft foremen's daily logs and review invoices.
AIVolve adds an AI layer that checks spec quantities against tender drawings and the IFC modelVolve's tender software now takes a plain-language task, such as matching spec quantities to drawings and the model, and returns sourced mismatches.
AISpeedchain says its AI Receipt Agent cut one contractor's month-end close time 95%Speedchain's AI Receipt Agent collects card receipts by text, reads the vendor and amount, and suggests the job and cost code for approval.
AITogal.AI's takeoff benchmark scores the best general AI model at 34.0 out of 100 on 33 drawing tasks FeatureConstruction's Last Exam scores AI models on 33 takeoff tasks. GPT-6 Sol led general models at 34.0, and Togal's own tool scored 97.7.
AIBuildcheck raises $12 million for AI drawing review it says has flagged 115,000 issues across 150,000 drawingsBuildcheck's software reads 2D PDF drawing sets with computer vision and flags clashes, omissions and spec conflicts, and its staff check each flag.
AIPunchcard survey finds 64% of Canadian construction workers trust AI to read drawings and 87% get no formal AI supportA Punchcard and Angus Reid poll of 1,100 Canadian workers finds construction trusts AI with drawings and codes but gets the least employer support.
AIUC Irvine's CORNAV robot planner reads CAD floor plans and look-ahead schedules, raising task success from 13.0% to 72.2%CORNAV steers site robots from the 2D CAD floor plan and the weekly look-ahead schedule, and kept every planned route out of zones the schedule closed.
AIMiter raises $40 million as its contractor payroll platform turns crew photos and voice notes into safety reportsMiter runs contractor payroll and certified payroll and turns crew photos and voice notes into safety reports. It raised $40 million on Sept. 30.
AITop AI model matches building drawings to photos 83.9% of the time in the ARCH-B benchmark FeatureARCH-B tests whether 25 AI models can match floor plans, elevations and photos of the same building, and the best one got 83.9% right.
AIKuro raises €10 million for AI tender review that customers say saves about 90 hours per bidKuro's software reads a tender's drawings, specs and bills of quantities, flags where they contradict each other and checks subcontractor bids.
AIQuotr raises $4 million for AI takeoff software that it says cut 20-hour takeoffs to 1 to 2 hoursQuotr's software reads PDF plan sets, counts and measures quantities, prices them and drafts a proposal. It raised a $4 million seed round on September 30.
AIAnthropic's robot exposure index rates operating engineers at 1.6 out of 3 and electricians at 0.33 FeatureAnthropic scored every US occupation on how much of its work robots can do today. In construction, equipment operators score highest and electricians low.
AIa16z says AI accounts for nearly all new construction spending, and Census shows data centers up 57.2% as the total fell 3.8% Featurea16z's State of Markets deck credits AI with nearly all new construction spending. Census shows data centers up 57.2% in a year as the total fell 3.8%.
AIBuildertrend's AI Submittals drafts the submittal log from an uploaded spec bookBuildertrend says AI Submittals reads a spec book and drafts the submittal log as a CSV for the user to review and import.
AIServiceTitan survey finds 62% of commercial service contractors have tried AI and 15% of users report clear ROI FeatureServiceTitan polled 1,020 commercial MEP service firms. 62% have tried AI, and ServiceTitan says 15% of AI users report clear ROI.
AIviAct says AI on Alliad's existing site cameras cut recorded PPE violations 41.7% in three monthsviAct reports 41.7% fewer recorded PPE violations in three months on an Alliad hospital job, using cameras already on site.
AIResearchers release ConSynth-X, 34,199 synthetic jobsite images for testing site cameras in rain, fog and darkness FeatureA Kent State and UNT dataset turns 3,109 jobsite photos into 11 weather and night versions each, and every version keeps the original labels.
AISTACK IQ lets estimators work STACK takeoffs and estimates from Claude or ChatGPTSTACK IQ connects Claude or ChatGPT to STACK takeoffs and estimates, and STACK includes it in paid subscriptions at no extra cost.
AIAutodesk puts a Submittals Evaluation Agent and a Bid Proposal Agent into beta in FormaAutodesk's new Forma agents check submittals against specs and pull pricing out of sub proposals. Both are in beta.
AISuffolk and MIT model 17% to 20% AI cost savings on one multifamily project FeatureA Suffolk and MIT white paper models 17% to 20% cost and 22% to 25% schedule savings from AI on one completed multifamily job.
UncategorizedResponseVault Launches Autodesk Construction Cloud IntegrationNew integration streamlines custom form creation and workflow automation for construction projects Conshohocken, PA – 10/15/2024 – ResponseVault, a leading...