The pool party’s over as Americans ease up on backyard upgrades
Americans will be splashing around this summer in the backyard pools they’ve already got, but not splashing out as much on new ones.
Americans will be splashing around this summer in the backyard pools they’ve already got, but not splashing out as much on new ones.
Swimming pool installations were part of the home improvement frenzy that swept the country during the pandemic as Americans were stuck at home. But recent signs show demand is slowing as households with spending money shift it more toward vacations than renovations.
Pool Corp., a national pool equipment distributor with a roughly $11 billion market valuation, said last week it expects new pool construction to fall by 15% to 20% this year. Some local contractors across the country are seeing a pullback, too.
Skip Ast III, sales director at Shasta Pools in the Phoenix metropolitan area, said the local industry has been having a harder time since roughly 2022.
We’re very, very busy still.
https://www.nbcnews.com/business/consumer/swimming-pools-installation-summer-spending-rcna158916
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