Xactware News

Xactware Publishes September 2017 Price List

LEHI, 
Utah
 — Friday, September 1, 2017 — 

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

Pricing research for the September 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 August 2017.

The most significant change occurred in the Common Lumber Material report. It showed a 10.38 percent increase for Canada and a 7.43 percent increase for the United States. Since September 2016, the Common Lumber Material report showed a 15.75 percent increase in Canada and a 12.59 percent increase in the United States. The lumber market has been gradually increasing costs after low demand in 2014 and 2015 led to mill closures in 2016. However, the increase this month is a significant jump compared to the gradual trend seen in the last few months. It was caused by multiple factors including a new tariff on lumber imported from Canada to the United States and severe fires in British Columbia. Xactware is monitoring these factors and will continue to report any resulting pricing changes in future price list publications.

Percent Change of Major Categories - August September

Percent Change of Major Categories - September 2016 to September 2017

These percent changes are based on the averages that have been reported since the August 2017 price list publication and from September 2016 to September 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 August 2017 publication, gasoline prices increased 2 percent in the United States and 2.55 percent in Canada. When compared to September 2016, gasoline prices increased 9.4 percent in the United States and 6.33 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*

 

Aug 28

July 31

Aug 29

July 25

Gasoline National Average

$2.399

$2.352

$1.126

$1.098

                                                                                                                                * 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 five new vendors: Zales, American Musical Supply, Olympus, SmartHome, and Harley Davidson Footwear. They also added new general quote items for luxury handbags.

United States

Vendors

97

General Quote Items

 6,094

Master Item List Items

 14,717,624

Retired Items

 302,052

 

Canada

Vendors

22

General Quote Items

 6,074

Master Item List Items

 6,933,944

Retired Items

 183,098

Changes to the September 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.