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Xactware Publishes April 2019 Price List

LEHI, 
Utah
 — Monday, April 1, 2019 — 

The April 2019 price list updates for more than 460 regions in the United States and Canada are now available for download.

Pricing research for the April 2019 publication shows that average costs for labor and materials used in claims and remodeling changed slightly in most key pricing components. The most notable change was the Common Lumber Material report which showed a 2.33 percent decrease in the United States.

In September 2017, significant tariffs as well as demand changes in the industry caused a drastic spike in the cost of lumber in both the United States and Canada. As a result, lumber costs increased 10.38 percent in Canada and 7.43 percent in the U.S. from August to September. Since that time, the lumber market has been very volatile. However, the Industry Trend Report shows that lumber prices in the United States decreased every month since August 2018; Canada also experienced a monthly decrease to lumber costs with the exception of a slight increase in December 2018. Lumber prices have increased 14.59 percent in the U.S. and 8.38 percent in Canada when we compare August 2017 to April 2019. However, when we compare September 2017 to April 2019, lumber prices have increased at a much slower rate: United States had an increase of 0.89 percent and Canada had an increase of 3.81 percent. For the full trend line and additional details, visit the Industry Trend Report.

These percent changes are based on the averages that have been reported since the March 2019 price list publication and from April 2018 to April 2019. 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 March 2019 publication, gasoline prices increased 9.75 percent in the United States and 11.21 percent in Canada. When compared to April 2018, gasoline prices decreased 0.9 percent in the United States and 3 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*

 

Mar. 25

Feb. 25

Mar. 26

Feb. 26

Gasoline National Average

$2.623

$2.39

$1.26

$1.133

                                                                                                                                * 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. In March, they added eleven new vendors: Bike Mania Biz, Bob Ward’s, Bowling.com, Diamondback, Eastern Mountain Sports, Hockey World, LAX Zone, Musician’s Friend, Shane Co., Stag Arms, and The Mattress Firm. 

United States

Vendors

130

General Quote Items

 6,308

Master Item List Items

37,365,217

Retired Items

 318,710

 

Canada

Vendors

28

General Quote Items

 6,285

Master Item List Items

7,757,051

Retired Items

224,853

Changes to the April price list

We added new items to the April price lists under the following categories:

  • FNH (Finish Hardware) - Item added for an in-door mail slot.
  • ORI (Ornamental Iron) - Items added for ornamental iron rolling/sliding gates, additional gate posts, and electric gate openers.
  • WTR (Water Extraction & Remediation) - Items added for tearing out tackles strip (Category 3) with no bagging.

Price lists for Xactimate version 27 will no longer be published after April 2019.

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.

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.