Excavation, not a meal
The fact that reframes this whole question is that carpenter ants do not eat wood. Termites digest cellulose with the help of gut protozoa; carpenter ants have no such digestive capability at all. What they do instead is chew wood into small pieces with their mandibles and carry it out of the nest, piece by piece, to hollow out chambers for the colony to live in. The material removed isn't food — it's debris, and it piles up outside the nest as frass that looks like coarse pencil shavings, sometimes with bits of insect parts mixed in.
That distinction matters because it changes what kind of threat this is. A pest that eats wood for nutrition keeps consuming as long as it's present and as long as wood remains. A carpenter ant colony excavates only as much space as it needs to house its workers and brood — which is exactly why University of Maryland Extension can say plainly that nest sites 'rarely exceed a few square feet.'

