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New projects are sector specific, with many industrial warehousing - including cold-chain applications - data center, power generation, health care, and high-value manufacturing markets seeing both sustained activity and new project interest, he says. According to the American Supply Association's Monthly Economic Report, forecasting shows GDP growth moderating, oil and freight costs stabilizing, and key construction indicators posting mixed signals heading into mid-2026. Rising material costs and tariffs may suppress discretionary spending in some segments, but "residential sales opportunities are expected to improve as housing markets stabilize," the Plumbing-Heating-Cooling Contractors-National Association (PHCC) President Jason Pritchard notes. According to ASA benchmarking data, the channel continues to adopt more digital tools for quoting, inventory visibility, and jobsite delivery management - not as a competitive advantage, but as an operational necessity.