Xactware Publishes May 2018 Price List | Archives 2018

Xactware News

Xactware Publishes May 2018 Price List

LEHI, 
Utah
 — Tuesday, May 1, 2018 — 

The May 2018 price list updates for more than 460 regions in the United States and Canada are now available for download.

Pricing research for the May 2018 publication shows that average costs for labor and materials used in claims and remodeling showed a slight increase in key pricing components.

The most significant annual change occurred in the Common Lumber Material report which showed an 18.12 percent increase in the U.S. and an 18.92 percent increase in Canada. Many factors may have impacted this drastic increase including the fires in British Columbia and new tariffs on imported lumber.

These percent changes are based on the averages that have been reported since the April 2018 price list publication and from May 2017 to May 2018. 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 April 2018 publication, gasoline prices increased 5.66 percent in the United States and 4.7 percent in Canada. When compared to May 2017, gasoline prices increased 14.3 percent in the United States and 14.19 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.

 

U.S.

Canada*

 

Apr 23

Mar 26

Apr 24

Mar 27

Gasoline National Average

$2.798

$2.648

$1.36

$1.299

                                                                                                                                * 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.

United States

Vendors

98

General Quote Items

 6,173

Master Item List Items

 20,994,660

Retired Items

295,864

 

Canada

Vendors

26

General Quote Items

 6,153

Master Item List Items

 7,472,710

Retired Items

 193,471

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. 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.