Homebuilders and Building Products: April data deep dive: pool spending and channel trends

Research evidence excerpt

Homebuilders and Building Products: April data deep dive: pool spending and channel trends

Accessible version

Homebuilders and Building Products

April data deep dive: pool spending and

channel trends

Industry Overview

Pool spending increased 1.5% YoY in April 12 May 2026

For the month of April, spending at pool supplies merchants increased 1.5% YoY Equity

(compared to +4.0% YoY in March), per BAC aggregated credit and debit card spending United States

data (BAC card data). On a MoM basis, spending increased 20.5% in April, which was Homebuilders and Building Products

weaker than normal seasonality. See the latest BofA on USA report for an explanation of

the methodology, disclaimers, and limitations related to BAC aggregated card and debit

data.

Exhibit 1: April 2026 spending on pool supplies increased 1.5% YoY compared to +4.0% YoY in

March 2026

YoY monthly BAC aggregated credit and debit card data for pool supplies

Shaun Calnan, CFA

40% Research Analyst

BofAS

30% +1 646 855 1362

shaun.calnan@bofa.com

20%

Rafe Jadrosich

10% Research Analyst

0% +1 646 855 5815

rafe.jadrosich@bofa.com

-10% Victoria Piskarev

Research Analyst

-20% BofAS

Apr-21 Apr-22 Apr-23 Apr-24 Apr-25 Apr-26 +1 646 855 0657

victoria.piskarev@bofa.com

Source: BAC internal data

Note: Due to a shift in several retailers’ merchant category codes (MCC) into the pool supplies category, additional retailers are included

in our data beginning in March 2019, therefore all MoM and YoY prior to March 2020 exclude these additional retailers. All MoM and YoY

changes post Feb 2020 include these additional retailers.

BofA GLOBAL RESEARCH

Expectations for relatively flattish sell-out volume in 2026

On 1Q earnings calls, Pentair (PNR) and Hayward (HAYW) management both outlined LESL: Leslie's