Verisk Industry Trends for May 2020

All reported percent changes are based on the averages that have been reported either since the April 2020 price list publication or from May 2019 to May 2020. 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.

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 April 2020 publication, gasoline prices decreased 11.57 percent in the United States and increased 4.16 percent in Canada. When compared to May 2019, gasoline prices dropped 38.59 percent in the United States and 42 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 general quote items for golf club headcovers and five new vendors: 21 Century Smoke, Airvape, Atmos Rx, Central Vapors, and Sharp Home Appliances.

United States