Pool Prices are on the Rise…Again
Pool Builder, Pools & Spas
If you have been waiting for pool prices to go down to get your dream swimming pool, you might have to wait a little longer. Recent predictions by analysts show that pool prices are likely to continue going up because of the increase in the cost of materials, labor, and equipment.
This isn’t to say that you should consider shelving your dreams of becoming a pool owner. Quite the opposite, in fact. While pool prices are increasing, now would be the time to make the commitment to avoid the predicted continued rise in costs.
Pool construction materials price increases
Here is a breakdown of the primary pool construction materials price increase as provided by the Associated General Contractors of America (AGC).
- Steel mill products: Up by 74.4% since the beginning of 2021
- Concrete products: Up by 10% since the start of 2021
- Plastic construction products: Up by 35.6% since the beginning of 2021
- Precast concrete products: Up by 12.7% since the start of 2021
Why is the price of pools moving toward the higher end?
So, why is the price of swimming pools high…again? There are several factors behind the increase in the price of swimming pools. They include:
1. Increased demand
Over the past few years, people have been forced to spend a lot of time confined in their homes following the start of the Covid pandemic. Within this period, most people learned to appreciate the value of backyard pools and investing in their homes as a source of “staycation.” With many homeowners investing in their backyards, it caused an increased demand for pools and pool products. The simple law of economics shows that higher demand for a product causes an increase in the desired product.
2. Supply shortage
As a result of the pandemic, there has been a supply shortage due to disrupted shipping resulting from closed borders, especially for imported products such as concrete, galvanized steel and metal, PVC plastic, etc.
Also, in August 2020, one of North America’s largest chlorine manufacturing plants was destroyed by fire during Hurricane Laura, leading to a chlorine shortage in the country. The supply shortage brought along increased prices which explain the huge increases in pool prices.
So, how much have pool prices increased in recent years?
According to a recent survey conducted by Pool Magazine, most pool builders reported having to increase their prices by 40 to 50 percent to keep up with the high inflation rates.
Your Dallas Pool Builders
Understanding the state of the industry isn’t meant to scare anyone off of making their backyard dreams come true. The reality is we’re in a time where the cost of living is going to see a continued uptick for quite some time.
Homeowners do have options, though. Many pool builders offer winter specials, giving homeowners the opportunity to build their pool during the off-season at a more affordable price. There are also inground pool alternatives like a Plungie Pool that allows you to get in a well-designed and well-built pool for less than a traditional custom inground pool. And as always, there are many financing options available to ensure you are able to build your pool without having to wait for when prices will fall, if at all.
Give the Dallas pool builders at Hobert Pools & Spas a call today to learn more about how we can help bring your vision to life.
ABOUT THE COMPANY
Hobert Pools is a Dallas pool builder proudly serving Rockwall, Frisco & surrounding areas. Family-owned and operated since 1975, Hobert Pools specializes in new pool & spa construction, outdoor living design, natural pools, and fire & water feature aesthetics. Hobert Pools is uniquely qualified to build your backyard retreat.
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