Analysis•Business & OperationsNew Construction Is Slowing. Why Contractors Are Rebalancing Toward Repair and Replacement.July housing data shows single-family starts, residential construction spending and new-home sales under pressure. For HVAC, plumbing and electrical contractors reducing RNC exposure, the installed base of existing homes offers a more resilient demand engine.TradeVulcan Dispatch Editorial Desk•Sep 7, 2026•10 min