Xactware News

Xactware Publishes September 2018 Price List

LEHI, 
Utah
 — Tuesday, September 4, 2018 — 

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

Pricing research for the September 2018 publication shows that average costs for labor and materials used in claims and remodeling changed slightly in most key pricing components. The exception was the Common Lumber Material report which showed a decrease of 1.47 percent in the United States and 1.14 percent in Canada.

The Common Lumber Material report also had the most significant annual change; the report showed a 10.81 percent increase in the U.S. and a 6.64 percent increase in Canada. Many factors may have impacted this drastic increase including fires in British Columbia and new tariffs on imported lumber.

These percent changes are based on the averages that have been reported since the August 2018 price list publication and from September 2017 to September 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 August 2018 publication, gasoline prices decreased 0.67 percent in the United States and decreased 0.59 percent in Canada. When compared to September 2017, gasoline prices increased 17.8 percent in the United States and 19.89 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*

 

Aug 27

Jul 30

Aug 28

Jul 31

Gasoline National Average

$2.827

$2.846

$1.35

$1.358

                                                                                                                                * 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. Over the last month, they added general quote items for freestanding ranges. They also focused on retiring items.

United States

Vendors

97

General Quote Items

 6,204

Master Item List Items

 33,330,358

Retired Items

 305,294

 

Canada

Vendors

23

General Quote Items

 6,181

Master Item List Items

 7,264,419

Retired Items

 197,314

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.