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Verisk Industry Trends for September 2019

Xactware's Pricing Data

LEHI, Utah — Sunday, September 1, 2019 —
The September 2019 price list updates for more than 460 regions in the United States and Canada are now available for download.

Pricing research for the September 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 key pricing components. Over the last year, the Common Lumber Material report decreased 10.19 percent in the United States and 6.41 percent in Canada.

Pricing News — 2019 - September

2019 Sep Month Percent Change Of Major Categories

2019 Sep Year Percent Change Of Major Categories

These percent changes are based on the averages that have been reported since the August 2019 price list publication and from September 2018 to September 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 August 2019 publication, gasoline prices decreased 5.19 percent in the United States and 5.38 percent in Canada. When compared to September 2018, gasoline prices decreased 8.95 percent in the United States and 11.63 percent in Canada. 

Imagenjut

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. 26

July 29

Aug. 20

July 23

Gasoline National Average

2.574

2.715

1.196

1.264

* 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 five new vendors: Apt2B, DreamCloud, RevUp Sports, Pinemeadow Golf, and LexMod.

United States

Vendors

144

General Quote Items

 6,312

Master Item List Items

30,237,276

Retired Items

331,236

Canada

Vendors

34

General Quote Items

 6,289

Master Item List Items

10,567,673

Retired Items

241,339


Changes to the September price list

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

  • FCW (Floor Covering - Wood) - Item added for extra labor charge to distress/hand scrape wood floors.
  • FNC (Finish Carpentry / Trimwork) - Items added for various styles of 7 1/4" baseboard.
  • HMR (Hazardous Material Remediation) - Items added for HEPA vacuuming exposed framing.
  • PLM (Plumbing) - Item added for resetting an undermount sink.
  • WTR (Water Extraction & Remediation) - Items added for HEPA vacuuming exposed framing, detaching undermount sinks, and detaching trim.

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.