A flattening or decline in home prices would crimp expectations for near-term growth for Trex. The rapid increase in mortgage rates raises concerns regarding housing affordability and seems likely to cool the rapid rate of home price increases we have seen over the past couple of years. The company estimates average breakeven of approximately three years relative to wood once maintenance costs are considered, offering an attractive value proposition to the consumer. Though Trex’s products typically cost two to five times more than wood upfront, lower maintenance costs mean lifetime economics favor composites. Composite deck boards are more durable and engineered to resist fading, scratches, and staining. Trex estimates an $8 billion market for decking and railing and has led the move away from wood toward composite decking. We believe this presents an interesting opportunity to take a closer look at a growing, well-run company with attractive returns on capital.Įxterior property improvements capture nearly 40% of overall home improvement spending and continue to be the fastest growing segment of the home improvement market. However, the shares have declined more than 50% this year as higher interest rates have put a chill on housing-related stocks.
Outdoor living is one of the fastest growing categories within the repair and remodel sector, and the company was a significant beneficiary during the pandemic as homeowners invested in their living space. I’m tired of manufacturers not upholding their warranties and just wearing the consumer down.Trex ( TREX) is the world’s largest manufacturer of high-performance, low-maintenance wood-alternative decking and residential railing and outdoor living products, notes Doug Gerlach, editor of Investor Advisory Service. If anyone wants to join me please post a comment so we can make plans to pursue this suit.
I want Trex to be held accountable and am interested in pursuing a class action suit. The deck looked beautiful new and looks horrible now. I read similar reviews about people with dogs and trying to get the paw prints off… I have the same experience. They are passing the buck and not accepting responsibility for their sub-standard product. I have not done this treatment yet but will only try this on a small portion of the deck because it can lighten it. They assured me that the acid in the Olympic brightener is “green” and not harmful to the deck. They now want me to try a deck brightener!! I told them I am not putting chemicals on my new deck. Then I did the vinegar treatment and hand dried my entire deck. “Acid rain?” The deck is literally 6-7 months old! But I did the dawn soapy water wash and that didn’t help. Wet but dries with white spots! What is it. Out of a dozen trex decks of all shapes and sizes, I've never had one that went according to plan.
#Trex decks trial#
There is so much trial by error and downright misery when building with trex. You pretty much have to plan the framing of the deck around the increments of trex, that is if you want a proper "picture frame" look. You have to punch them thru the boards with a nail set! Wtf?!! Mushrooming from the head of the screw happens whether ya predrill or not.no matter what temperature. They are soft, love to strip, you need a powerful fast drill to sink them and then they don't back out if you made a mistake. You can screw them in, but I've found to predrill w 1/8 bit before driving them. Ends up mostly looking like ** and falls apart soon after. Sounds good on paper but in the real world it's lipstick on a pig.
#Trex decks install#
Then when you get close to the end, you have to fight with trying to install the finish gaskets that dress up the ends. It's as if they want you to break, scratch and screw up a 500$ rail kit. Then, if you do have a complete kit, the damn screws strip and break without any real reason. Why wouldn't they give you a bracket template inside the rail kit box? No they want you to pay for it. It can look nice but is a very difficult rail system to install, especially stair kits. Customers pay out the nose for this garbage.
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