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Xactware Publishes August 2019 Price List

LEHI, 
Utah
 — Thursday, August 1, 2019 — 

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

Pricing research for the August 2019 publication shows that average costs for labor and materials used in claims and remodeling changed less than 1 percent over the last month in the most key pricing components. The exception is the cost of Common Lumber Material in Canada which, according to the report, decreased 1.33 percent since the July publication. The Common Lumber Material report also showed the most significant annual change with a decrease of 11.32 percent in the United States and 7.13 percent in Canada.

These percent changes are based on the averages that have been reported since the July 2019 price list publication and from August 2018 to August 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 July 2019 publication, gasoline prices increased 0.07 percent in the United States and decreased 0.08 percent in Canada. When compared to August 2018, gasoline prices decreased 4.6 percent in the United States and 7.51 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*

 

July 29

July 1

July 30

July 2

Gasoline National Average

2.715

2.713

1.256

1.257

                                                                                                                                * 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 four new vendors: Costway, Forzieri, Wholesale Furniture Brokers, and Olympus Canada.

United States

Vendors

139

General Quote Items

 6,312

Master Item List Items

39,164,900

Retired Items

330,834

Canada

Vendors

36

General Quote Items

 6,289

Master Item List Items

7,996,634

Retired Items

239,667

Changes to the August price list

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

  • CLN (Cleaning) - Items added for cleaning floor or roof joist systems in a confined space

Price lists for Xactimate version 27 are no longer being published.

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.