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Xactware Publishes February 2020 Price List

LEHI, 
Utah
 — February 1, 2020 — 

The February 2020 price list updates for more than 460 regions in the United States and Canada are now available for download.

Pricing research for the February 2020 publication shows that average costs for labor and materials used in claims and remodeling changed less than 1 percent over the last month in key pricing components. The most significant annual change occurred in the Common Lumber Material report which reported a decrease of 6.28 percent in the United States and 5.04 percent in Canada.

All reported percent changes are based on the averages that have been reported either since the December 2019 price list publication or from January 2019 to January 2020. The information reported here is based on a national average, and it is important to note that actual changes will vary within each individual pricing market. It is also important to remember that Xactware’s published pricing information is based on recently completed surveys and estimate transactions.

For more information about these trends over a longer period of time, read the Quarterly Pricing Trends or the Annual Property Report.

Local market conditions

Xactware makes every effort to ensure pricing information contained in this update represents market costs at the time of publication. Since actual market prices can vary and change rapidly, and since many factors can affect the cost of a project (including—but not limited to—labor, equipment, and material costs as well as the rates and application of sales tax), we strongly recommend customers monitor their local markets for any such changes and adjust their estimate pricing as deemed appropriate.

Gasoline prices in the U.S. and Canada

Since the January 2020 publication, gasoline prices decreased 2.53 percent in the United States and 2.44 percent in Canada. When compared to February 2019, gasoline prices increased 11.08 percent in the United States and 8.43 percent in Canada.

Because gasoline prices can change rapidly, Xactware recommends users monitor their local costs to determine whether repair or construction costs are affected. For further details, see the U.S. Department of Energy website.

 

U.S.

Canada*

 

Jan. 27

Dec. 30

Jan. 28

Dec. 31

Gasoline National Average

2.506

2.571

1.158

1.187

                                                                                                                                * Canada prices are per liter

XactContents pricing update

Since the last price list update, the XactContents pricing team continued to improve the master item list in both the United States and Canada. 

United States

Vendors

164

General Quote Items

 6,315

Master Item List Items

44,863,278

Retired Items

340,106

Canada

Vendors

47

General Quote Items

 6,292

Master Item List Items

8,998,909

Retired Items

305,885

Changes to the February price list

There were no new price list items added this month, but customers can view price list modifications on the eService Center. XactAnalysis customers can see the same report by selecting the Price List Changes report in the Industry Trend Reports.

Pricing feedback

Pricing feedback is one of the ways Xactware ensures that the reported cost information reflects actual market prices. Users writing estimates outside program work can return feedback by regularly running the feedback utility within Xactimate, XactRemodel, or XactPRM. Visit our web page for more information about submitting pricing feedback or check out our Xpert Tip on how to submit feedback in Xactimate.

Downloading a price list

Xactware’s pricing database is the foundation for many of our products. You can download a price list in Xactimate and XactRemodel, or assign a price list in XactPRM.

For more information about managing price lists, click Help in any Xactware product.