Verisk Industry Trends for March 2018

The most significant annual change occurred in the Common Lumber Material report which showed a 17.51 percent increase in the U.S. and a 19.27 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 February 2018 price list publication and from March 2017 to March 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 February 2018 publication, gasoline prices decreased 2.26 percent in the United States and 2.77 percent in Canada. When compared to March 2017, gasoline prices increased 10.1 percent in the United States and 11.9 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.

* 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 eight new vendors: RC Willey, Vizio, Oakley, Lego, Merrell, Keds, Hush Puppies, and The Men’s Wearhouse.

United States