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Xactware Publishes March 2019 Price List

LEHI, 
Utah
 — Friday, March 1, 2019 — 

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

Pricing research for the March 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 1.67 percent decrease in the United States and a 1.48 percent decrease in Canada.

These percent changes are based on the averages that have been reported since the February 2019 price list publication and from March 2018 to March 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 February 2019 publication, gasoline prices increased 5.94 percent in the United States and 6.09 percent in Canada. When compared to March 2018, gasoline prices decreased 6.2 percent in the United States and 7.81 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*

 

Feb. 25

Jan. 28

Feb. 26

Jan. 29

Gasoline National Average

$2.39

$2.256

$1.133

$1.068

                                                                                                                                * 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 February, they added five new vendors: Home Depot, Fairway Golf, Mountain Hardwear (CAN), Aquabatics (CAN), and Columbia Sportswear (CAN).

United States

Vendors

93

General Quote Items

 6,307

Master Item List Items

34,573,945

Retired Items

 310,455

 

Canada

Vendors

23

General Quote Items

 6,284

Master Item List Items

 7,447,550

Retired Items

224,853

Changes to the March price list

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

  • FEE (Permits and Fees) - Item added for a structural engineer residential evaluation fee.
  • PNT (Painting) - Items added for painting and finishing cabinet valances.

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.