Xactware News

Xactware Publishes February 2017 Price List

LEHI, 
Utah
 — Wednesday, February 1, 2017 — 

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

Pricing research for the February 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 January 2017. No major category showed more than a 1 percent change over the month.

However, Drywall Material increased 6.1 percent in Canada since February 2016. This is largely due to a new federal tariff of imported gypsum board implemented by the Canada Border Services Agency (CBSA) in September.

Percent Change of Major Categories - January 2017 to February 2017

Percent Change of Major Categories - February 2016 to February 2017

These percent changes are based on the averages that have been reported since the January 2017 price list publication and from February 2016 to February 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.

Washington Solid Fuel Burning Device Fee

The February 2017 price lists for all Washington areas include the automatic application of the Washington Solid Fuel Burning Device Fee to appropriate projects in Xactimate version 28. This is a fee paid at the time of purchase of a solid fuel (wood, coal, or any other nongaseous and non-liquid fuel) burning device in the state of Washington, as per the Washington State Department of Revenue. The new line item FPL WSFBDF can be added to an estimate by users with Xactimate version 27 or version 28 desktop without SU16 which was released in December 2014.

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 2017 publication, gasoline prices increased 0.74 percent in the United States and decreased 0.54 percent in Canada. When compared to February 2016, gasoline prices increased 22 percent in the United States and 25.32 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*

 

Jan. 23

Dec. 26

Jan. 24

Dec. 27

Gasoline National Average

$2.326

$2.309

$1.114

$1.12

                                                                                                                                * 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 a new vendor: Cymax.

United States

Vendors

77

General Quote Items

 6,061

Master Item List Items

 15,470,471

Retired Items

 306,911

 

Canada

Vendors

17

General Quote Items

 6,042

Master Item List Items

 3,053,137

Retired Items

 180,005

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 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.