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Xactware Publishes March 2020 Price List

LEHI, 
Utah
 — March 2, 2020 — 

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

Pricing research for the March 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 most key pricing components. The exception was the Retail Labor Rates report which increased 1.06 percent in the United States since the February 2020 publication. The Retail Labor Rates report also had the highest annual change in the U.S. with a 5.71 percent increase since March 2019. While the annual percent change for Retail Labor Rates report in Canada was significant, it was slightly lower than the 4.81 percent increase seen in the cost of Drywall Material.

All reported percent changes are based on the averages that have been reported either since the February 2020 price list publication or from March 2019 to March 2020. The information reported here is based on a national average, and it is important to note that actual changes will vary within each 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 February 2020 publication, gasoline prices decreased 1.6 percent in the United States and increased 1.21 percent in Canada. When compared to March 2019, gasoline prices increased 3.18 percent in the United States and 3.44 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*

 

Feb. 24

Jan. 27

Feb. 25

Jan. 28

Gasoline National Average

2.466

2.506

1.172

1.158

                                                                                                                                * 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

149

General Quote Items

 6,315

Master Item List Items

45,138,758

Retired Items

341,092

Canada

Vendors

43

General Quote Items

 6,292

Master Item List Items

8,651,997

Retired Items

316,604

Changes to the March price list

We added new items to the March price lists under the following categories:

  • FEN (Fencing) - Items added for metal posts for 10' and 12' fencing.
  • PLM (Plumbing) - Item added for resetting a bathtub.
  • SPE (Specialty Items) - Items added for brick mailboxes.
  • WTR (Water Extraction & Remediation) - Items added for detaching bathtubs.

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.