Xactware News

Xactware Publishes August 2017 Price List

LEHI, 
Utah
 — Tuesday, August 1, 2017 — 

The August 2017 price list updates for more than 460 regions in the United States and Canada are now available for download.

Pricing research for the August 2017 publication shows that average costs for labor and materials used in claims and remodeling increased slightly in both the United States and Canada when compared to July 2017.

The most significant change occurred in the Common Lumber Material report. It showed a 0.97 percent increase for Canada and a 0.51 percent increase for the United States. Since August 2016, the Common Lumber Material report showed a 5.16 percent increase in Canada and a 5.08 percent increase in the United States. The lumber market is gradually increasing costs after low demand in 2014 and 2015 led to mill closures in 2016. For more information about the factors that have impacted the lumber industry, read the 2016 Property Report.

However, Drywall Material increased 6.73 percent in Canada since August 2016. This is largely due to a federal tariff of imported gypsum board implemented by the Canada Border Services Agency (CBSA) in September 2016.

Percent Change of Major Categories - July to August

Percent Change of Major Categories - August 2016 to August 2017

These percent changes are based on the averages that have been reported since the July 2017 price list publication and from August 2016 to August 2017. 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 July 2017 publication, gasoline prices increased 1.05 percent in the United States and 3.1 percent in Canada. When compared to August 2016, gasoline prices increased 6 percent in the United States and 7.23 percent in Canada.

Percent Change of Fuel Costs

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*

 

July 24

June 26

July 25

June 27

Gasoline National Average

$2.312

$2.288

$1.098

$1.065

                                                                                                                                * 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. They added Bloomingdales as a vendor.

United States

Vendors

90

General Quote Items

 6,108

Master Item List Items

 14,361,403

Retired Items

 302,252

 

Canada

Vendors

22

General Quote Items

 6,089

Master Item List Items

 7,082,293

Retired Items

 180,204

Changes to the August 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. Visit our web page for more information about submitting pricing feedback.

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.