The housing market’s slow recovery has been a long, bumpy ride for many builders, but through it all there’s been at least one bright spot to focus on: decking materials. Portland and other major cities have seen a rise in demand for decking despite the recession, as homeowners increasingly choose to remodel rather than sell their homes.
North American demand for decking and railing increased slightly in 2010 over the previous year and is expected to rise another 5 percent to $3.4 billion in 2011, according to the market research firm Principia Partners.
Most of the increase is driven by ultra-low maintenance decking options such as vinyl and composite decking. Portland, Oregon is no exception; as people’s lives have grown more fast-paced, the low maintenance requirements of synthetic decking have become highly attractive to many homeowners – especially those in wet climates.
According to the Freedonia group, the decking products market should continue its annual growth through 2014, fueled in part by the increasing value homeowners are placing on railings.
“Many homeowners will install additional railings and other accessories to create separate areas for dining and entertaining, or to add safety features to prevent falls by small children or older adults,” the report stated.
We’ve definitely seen a growth in the popularity of custom handrails in a variety of materials, such as aluminum or stainless steel cable, to add a touch of sophistication to wood or composite decking. Portland Oregon homeowners appreciate the ability to personalize their decks with these decorative touches.