THE US IS CHOOSING AI OVER HOUSING

What happened: Data centers powering AI and housing are competing for resources, and economists say the U.S. is prioritizing AI infrastructure over housing as mortgage rates and borrowing costs rise. Key numbers: Homebuyers signed the fewest purchase contracts in September since at least 2001. AI companies will spend nearly $1 trillion on data centers this year, per Gartner. U.S. Why it matters: Economists cited describe a "Dutch disease" effect, where AI spending fuels inflation and higher rates that weigh on housing while rate-insensitive AI firms keep building. Coverage: 6 outlets in 24h

Data centers powering AI and housing are competing for resources, and economists say the U.S. is prioritizing AI infrastructure over housing as mortgage rates and borrowing costs rise.

Economists cited describe a "Dutch disease" effect, where AI spending fuels inflation and higher rates that weigh on housing while rate-insensitive AI firms keep building.