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December 2012 Price List Update Now Available

OREM, 
Utah
 — Saturday, December 1, 2012 — 

The December 2012 price list updates for more than 460 regions in the United States and Canada are now available for download.

A summary of price changes reported in this update are as follows (this percent change is based on the national averages that have been reported since the November 2012 price list publication and from December 2011 to December 2012):

 Nov. to Dec.Dec. 2011 to Dec. 2012
 U.S.CanadaU.S.Canada
Common Labor and Material 0.14% 1.65% 1.70% 1.80%
Retail Labor Rates 0.06% -0.07% 0.22% 0.72%
Common Material Only 0.10% 0.09% 2.96% 2.20%
Common Lumber Material -0.89% 0.08% 13.71% 9.18%
30-Yr. Laminated Shingle Labor and Material 0.46% 0.59% -1.17% -3.87%
Common Drywall Materials -1.40% -0.83% 22.36% 11.60%

 

Pricing research for the December 2012 publication, compared to November 2012, shows the Labor and Material report, which measures common material and labor used in claims and remodeling, increased in both the United States and Canada. Similarly, the Common Material and the 30-year Laminated Shingle Labor and Material both increased in both the United States and Canada. The Retail Labor Rates report increased in the U.S. but showed a slight decrease in Canada while the Common Lumber Material report showed a decrease in the United States and an increase in Canada.

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 Xactware’s published pricing information is based on recently completed surveys and estimate transactions.

Hurricane Sandy

Xactware has been heavily surveying the markets impacted by Hurricane Sandy since its landfall on Oct. 24. While many areas are still in the initial clean up stages, we are beginning to see storm related impacts in several areas.

Initial changes being reported, which will be reflected in the December price list update, include key items in trades such as roofing, flooring, drywall, painting, siding, demolition, water mitigation, and others. It’s important to note that the impact of the storm was widespread over nearly the entire eastern seaboard of the US and Canada, and the extent of the damage has been widely varied as well. As such, the impact seen on prices will vary between markets and between trades, with some being much higher than others. Due to the widespread variability in both markets and trades affected, it is difficult to list all changes in this report.

For area and trade pricing specifics, we recommend that customers download the updated December price list for their area and that they review the Industry Trend Reports which show trends on a city, state, and national level.

Labor Supporting Events

Due to the increase in clients using the “factored in” and “do not apply” base service charge options interchangeably, the labor supporting event assumptions for the “factored in” model are being reduced beginning with the January 2013 publication. This change will not impact users who utilize the “apply,” “do not apply,” or “new construction” models of base service charges. Those who use the “factored in” model of base service charges may see a small decrease in price.

Regardless of this assumption change, prices for all labor efficiency models will be reflective of market costs reported to Xactware via industry surveys and completed estimate feedback. A decrease may be seen in those reports in the January publication since the XactAnalysis Industry Trend Reports are based upon the “factored in” model of base service charges.

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 accordingly.

    Gasoline prices decrease in the U.S. and in Canada

    Since the November 2012 publication, gasoline prices have decreased 3.67% in the United States and 0.73% in Canada. When compared to December 2011, gasoline prices have increased 3.93% in the United States and 2.85% in Canada. Because gasoline prices can change rapidly, Xactware recommends users monitor their local costs to determine whether repair or construction costs have been affected. For further details, see the U.S. Department of Energy Website.

    Comparative prices (national averages) for the last month are as follows:

     U.S.*Canada
      29-Oct. 26-Nov. 30-Oct. 27-Nov.
    Gasoline National Average $3.568 $3.437 $1.235 $1.226

    * Canada prices are per liter

    Changes to the December price list

    Customers can view specific changes to the price lists by logging on to the eService Center. XactAnalysis customers can see specific changes by viewing the Price List Changes report in the Industry Trend Reports section. This same report can be found in the Featured Highlights section of the eService Center.

    Contents Update

    Since the last price list update, the XactContents pricing team has added new items for the iPad Mini, for toy wagons, and for the Nintendo Wii U console and games. 

    Total Vendors 78
    Retired Items 128,590
    U.S. Master Item List Items 4,721,116
    Canada Master Item List Items 101,972

    Pricing feedback

    Pricing feedback is one of the ways Xactware ensures that the cost information reported reflects actual market prices. It is highly valuable to both Xactware and you, as a user. Unless an estimate assignment is returned to XactAnalysis (i.e., program work), Xactware does not receive automatic feedback. Estimates written outside program work can return feedback by regularly running the feedback utility within Xactimate, XactRemodel, or XactPRM. To run the feedback utility:

    1. Click Services in the menu bar of the Control Center tab.
    2. Select Feedback and then click Yes.

    This will process and package information from all estimates that have not previously been collected via feedback or completed assignments. Your feedback information will be sent to Xactware the next time you connect to XactAnalysis.

    Feedback can also be submitted online at https://www.xactanalysis.com/, or emailed directly to Xactware’s pricing team at:

    Downloading a price list in Xactimate

    You must be a registered Xactimate user to access price lists this way:

    • Click Services in the menu bar of the Control Center tab. Select Request Price List from XactAnalysis, and then click Xactware Price List.
    • From the "Request Price List" window, enter the country, state or province, and city for the price list you would like to download. 
    • After making your selections, click Download Now.
    • A window will appear advising you the price lists have been downloaded and are now available for use in Xactimate. Click OK.