Xactware News

Xactware Publishes February 2015 Price List

LEHI, 
Utah
 — Monday, February 2, 2015 — 

The February 2015 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 is as follows (this percent change is based on the national averages that have been reported since the January 2015 price list publication and from February 2014 to February 2015):

 

January to February

February 2014 to February 2015

 

U.S.

Canada

U.S.

Canada

30-yr. Laminated Shingle Labor and Material

-0.29%

0.50%

4.49%

3.00%

Common Drywall Material 

0.00%

0.00%

3.30%

0.07%

Common Labor and Material

0.17%

0.21%

4.42%

5.05%

Common Lumber Material

-0.24%

-0.01%

2.94%

7.03%

Common Material Only

0.29%

0.27%

1.02%

2.22%

Retail Labor Rates

-0.14%

-0.18%

1.97%

1.84%

Pricing research for the February 2015 publication shows that the figures in the Labor and Material report, which measures common material and labor used in claims and remodeling, increased slightly in the United States and Canada when compared to January 2015. That same is true of the Common Material Only report. The 30-year Laminate Shingle Labor and Material figures decreased in the US and increased in Canada. The Common Lumber Material and the Retail Labor Rates figures decreased in both countries. The Common Drywall Material figures did not change in either country.

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.

Changes to installation yields and time assumptions

Xactware’s Pricing Data Services adjusted the labor supporting events for insulation, overhead doors, and tile, as well as retail labor rates for associated tradesmen in all areas, as needed, based on a focused review of labor productivity, supporting event assumptions, and current line item pricing.

As a reporter of market-specific pricing information, Xactware’s Pricing Data Services is constantly collecting, reviewing, and improving pricing data. We are nearing completion of a project we started earlier this year to review the labor productivity assumptions for line items in each category. We will research and review both the installation yields and the time assumptions for the labor supporting events used to create each line item. As a result of this research, various labor yields and labor supporting event assumptions have been and will be updated over the year.

It is anticipated that these changes will not have a significant impact on the line item pricing. Part of the process may include adjustments in retail labor rates, as we are comparing labor productivity, labor supporting events, and current line item pricing.

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 2015 publication, gasoline prices have decreased 11.09 percent in the United States and 5.71 percent in Canada. When compared to February 2014, gasoline prices have decreased 37.97 percent in the United States and 26.94 percent 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*

 

Dec. 29

Jan. 26

Dec. 30

Jan. 27

Gasoline National Average

$2.299

$2.044

$0.981

$0.925

                                                                                                                                * Canada prices are per liter

Contents Update

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

Contents

Total Vendors

 107

 Canada Vendors

 17

 General Quote Items

 5,900

U.S. Master Item List Items

 13,179,578

Canada Master Item List Items

 1,243,546

Retired Items

 398,938


Changes to the February 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.

Pricing feedback

Pricing feedback is one of the ways Xactware ensures that the cost information reported reflects actual market prices. 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. Your feedback information will be sent to Xactware the next time you connect to XactAnalysis.

You can submit pricing feedback online or via email to Xactware’s pricing team at:

Downloading a price list in Xactimate

If you are a registered Xactimate user, you can download price lists in four steps:

  1. In Xactimate, Click Price List tab in the main dashboard,
  2. Click Request Price List(s) on the menu bar. 
  3. From the “Request Price List” window, enter the country, state or province, city, and profile for the price list you would like to download.
  4. After making your selections, click Download.

A window will appear advising you the price lists have been downloaded and are now available for use in Xactimate. Click OK.