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Xactware Publishes May 2016 Price List

LEHI, 
Utah
 — Monday, May 2, 2016 — 

The May 2016 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 April 2016 price list publication and from May 2015 to May 2016):

 

April to May

May 2015 to May 2016

 

U.S.

Canada

U.S.

Canada

30-yr. Laminated Shingle Labor and Material

0.21%

0.21%

2.21%

3.00%

Common Drywall Material 

0.00%

0.00%

0.01%

0.00%

Common Labor and Material

0.20%

0.08%

1.25%

1.84%

Common Lumber Material

0.17%

0.00%

-5.96%

-0.04%

Common Material Only

0.21%

0.15%

0.59%

2.06%

Retail Labor Rates

0.25%

0.13%

2.80%

3.00%

Pricing research for the May 2016 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 April 2016. This is also true of the 30-year Laminated Shingle Labor and Material report, Common Material Only report, and Retail Labor Rates report. The Common Lumber Material report showed an increase in the U.S. and no change in Canada. The Common Drywall Material report showed no 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.

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 April 2016 publication, gasoline prices increased 4.65 percent in the United States and 3.92 percent in Canada. When compared to May 2015, gasoline prices decreased 15.88 percent in the United States and 7.27 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.

 

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

 

U.S.

Canada*

 

Mar. 28

Apr. 25

Mar. 29

Apr. 26

Gasoline National Average

$2.066

$2.162

$0.994

$1.033

                                                                                                                                * Canada prices are per liter

Contents 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. General quote items were added for propane tanks.

An item was also added for the Rhode Island mattress recycling fee and implemented so it is added to estimates automatically without the user adding specific line items. This feature is available in the Xactimate version 28 desktop update SU21, released on March 10th, and in the Xactimate online and XactContents update, released on February 4th.

United States

Vendors

93

General Quote Items

 6,062

Master Item List Items

 14,210,778

Retired Items

 306,926

 

Canada

Vendors

 27

General Quote Items

 6,043

Master Item List Items

 4,061,616

Retired Items

 174,732


Changes to the May 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 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. To run the feedback utility:

  • In Xactimate:
    1. Click the Xactimate tab.
    2. Select Tools.
    3. Under Services, click Feedback.
    4. Click Yes.
  • In XactRemodel:
    1. Click the XactRemodel tab.
    2. Select Tools.
    3. Under Services, click Feedback.
    4. Click Yes.
  • In XactPRM:
    1. Select the Feedback button in the left menu options.
    2. 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 version 28

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. In the “Data Transfer Price List” dialog box, 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.