"The credit crisis, which has made loans more difficult to obtain, has had a dramatic effect on the sale of pools in the Valley, putting companies out of business and leaving others scrambling to diversify.
Pool builders were feeling the pinch as home sales slowed during the past two years, but the unwillingness of lenders to approve credit has accelerated the decline.
The number of permits issued in 2008 to build pools in Maricopa County could end up at roughly half the number issued in 2007, and at less than 30 percent of the number issued for 2005, according to data from Rider Permit Service, a data collector for the pool industry."
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Arizona pool sales plunging
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