Interesting stat from $POOL yesterday

In 2006, there were approximately 215,000 new pools constructed in the U.S. That fell by more than 80% to about 40,000 pools in 2009, and has since recovered to about 80,000 new pools built in 2019, still down 60% from peak.

Think consumer spending on pool maintenance will be close to normal with potential upside from increased pool use as families stay-at-home in lieu of vacation and other leisure activities. Discretionary spending could be somewhat suppressed on new pool construction and remodeling

58% of revs non-discretionary

Installed base of pools

This is what pricing power looks like