Pool & Spa Industry Report
POOL PRICES
GOING UP... AGAIN. BY JOE TRUSTY
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f you’ve been holding out and waiting for pool prices to drop, you may have to continue waiting. Analysts are predicting pool prices to increase this year due to rising costs for labor, materials, and equipment. The Federal Reserve approved the first rate increase in three years back in March in an effort to combat inflation, and a 50 basis point hike may be looming on the horizon. Consumers who plan on buying a swimming pool this year can expect to pay a premium according to analysts. Builders
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across the nation are feeling the pinch of rising costs. Across the board; increased costs for labor and equipment are driving a need to recalibrate pricing structures yet again this season. Construction materials used to build swimming pools rose 31.3% percent from early 2020 to early 2022. As pool builders and swimming pool contractors attempt to maneuver a vastly different landscape of pricing, year over year increases can immediately be seen on the following materials:
POOL MAGAZINE - VOL 2, ISSUE 2
PRICES FOR RAW MATERIALS
Concrete – Up 11.6% Lumber – Up 79.5% Steel – Up 74.4% PVC Pipe – Up 36.9% (Statistics provided by the Associated General Contractors of America)
