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Verisk Industry Trends for December 2021

Verisk's Pricing Data

The December 2021 price list updates for more than 460 regions in the United States and Canada are now available for download.

LEHI, Utah — Wednesday, December 1, 2021 — Pricing research for the December 2021 publication shows that average costs for labor and materials used in claims and remodeling slightly increased in most key pricing components. Since December 2020, the 30-yr Laminated Shingle Labor and Material Report showed the largest increase of 12.17 percent in Canada and 13.43 percent in the United States. The Drywall Material Report also showed an increase of 11.09 percent in Canada and 13.39 percent in the United States. Since our November 2021 publication, the Common Lumber Material report showed the largest decrease of 0.15 percent in Canada and 2.51 percent in the United States.

Pricing News — 2021 - December

2021 Dec Month Percent Change Of Major Categories

2021 Dec Year Percent Change Of Major Categories

All reported percent changes are based on the averages that have been reported either since the November 2021 price list publication or from December 2020 to December 2021. The information reported here is based on a national average, and it is important to note that actual changes will vary within each 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.

Lumber Trend


2021 Dec Us Sheathing Trend

2021 Dec Ca Sheathing Trend

Over the last month lumber prices have continued to show a downward trend, but since December 2020, lumber prices have still shown an increase of 3.73 percent in the United States and 11.59 percent in Canada. Sheathing materials have followed a similar trend over the last month, showing an increase of 2.69 percent in the United States and 7.85 percent in Canada since December 2020. As supply and demand for common lumber materials continues to change, Xactware will monitor these changes and make warranted adjustments from focused surveys with suppliers for each monthly price list publication.

Personal Protective Equipment


Due to the impacts of COVID-19, Xactware is closely monitoring the cost of personal protective equipment (PPE). Since March 2020, the average national cost of PPE items increased 37.18 percent in the United States and 51.30 percent in Canada. Xactware will continue to monitor this situation and report changes as they arise.

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 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 November 2021 publication, gasoline prices increased 0.35 percent in the United States and decreased 2.39 percent in Canada. When compared to December 2020, gasoline prices have increased 61.51 percent in the United States and 41.66 percent in Canada.

2021 Dec Fuel Changes

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.



Nov. 22, 2021

Oct. 25, 2021

Nov. 23, 2021

Oct. 26, 2021

Gasoline National Average





* Canada prices are per liter

Top 200 Items Trend

The Top 200 Items by Total Spend showed a 0.66 percent increase since the November price list publication for Canada and an increase of 18.47 percent since December 2020. The United States showed a 0.96 percent increase since the November publication and an increase of 17.80 percent since December 2020. The Top 200 Items by Use showed a 0.87 percent increase since the November publication for Canada and an increase of 14.34 percent since December 2020. The United States showed a 1.22 percent increase since the November publication and an 14.09 percent increase since December 2020 . The Top Items by Use represents the items that were the most used in claims coming through our system and the Top Items by Spend represents the items that had the highest total spend.


2021 Dec Ca Top Items Trend

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.




General Quote Items


Master Item List Items


Retired Items





General Quote Items


Master Item List Items


Retired Items


Changes to the December price list

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

  • INS (Insulation) - Additional items added for batt insulation removal per linear foot.
  • TMP (Temporary Repairs) - Items added for temporary power cable ramps and 100+ amp power distribution boxes.
  • WTR (Water Extraction & Remediation) - Items added for tearing out wall tile, mortar bed, shower curbs, and tub/shower floor drains.

Customers can view price list modifications on the eService Center. XactAnalysis customers can see this same report by selecting the Price List Changes report in the Industry Trend Reports.

Pricing feedback

Pricing feedback is one of the ways Verisk 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 or check out our Xpert Tip on how to submit feedback in Xactimate.

More information

Verisk’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 Verisk product.