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I did general contracting for the last three years and you could see it picking up in that time. It was a lot of small repairs that people had obviously put off for a while and then the smaller repairs gave way to bigger repairs that gave way to additions and renovations. Now I work at a large plumbing supply store and it's picking up there quite a bit. I didn't replace anyone they just brought me on because of the uptick in biz.
I am seeing exactly the same thing. New Construction gave way for repairs and upgrades. Starting to see new construction with the repairs still going up. It is a good sign.