OREM, Utah�Jul. 1, 2010� The July 2010 price list updates for over 460 regions in the United States and Canada are now available for download.
A summary of price changes reported in this update are as follows (national average changes, which have been reported since the June 2010 price list publication):
| U.S. | Canada | |
|---|---|---|
| Common Labor and Material | -0.36% | -0.48% |
| Billable Labor Rates | 0.00% | -0.04% |
| Common Material Only | -0.95% | -0.99% |
| Common Lumber Material | -3.04% | -3.17% |
| 30 yr. Laminated Shingle Labor & Material | 0.16% | -1.85% |
| ½” Drywall Installed Ready for Paint | -1.30% | -2.38% |
Pricing research for the July 2010 publication shows that the Labor and Material report, which measures common material and labor used in claims and remodeling, decreased in both the United States and Canada. The Billable Retail Labor Rates report remained steady for the United States and decreased slightly in Canada. Decreases in the Common Material Only report are driven mainly by lumber. The Common Lumber Material report dropped 3.04 percent in the United States and decreased 3.17 percent in Canada. The 30-year Shingle Labor and Material report shows an increase in the United States and a decrease in Canada. The �� installed drywall report shows declines in the United States and Canada that were driven mainly by material decreases. The information reported here is based on national averages 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.
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 may 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.
Pricing feedback
Please report any price changes to Xactware as soon as possible. We will then adjust any information that can be independently verified for inclusion in future price list publications. Pricing feedback can be submitted from Xactimate and online at http://xactnet.com/feedback. You can also send emails directly to Xactware�s Pricing Team at:
- [email protected] for English-speaking U.S. users
- [email protected] for English-speaking Canadian users
- [email protected] for French-speaking users
- [email protected] for Spanish-speaking users
Gasoline prices decrease in the U.S. and Canada
Since the June 2010 publication, gasoline prices have decreased 1.06 percent in the United States and have remained steady in Canada. Because gasoline prices can change rapidly, Xactware recommends users monitor their local costs to determine whether repair or construction costs have been affected.
For further details, see the U.S. Department of Energy website at: www.eia.doe.gov/oil_gas/petroleum/data_publications/wrgp/mogas_history.html.
Comparative prices (national averages) for the last month are as follows:
| U.S. | *Canada | |||
|---|---|---|---|---|
| May 24 | Jun 28 | May 25 | Jun 22 | |
| Gasoline National Average | $2.741 | $2.712 | $0.999 | $0.999 |
* Canada prices are per liter
Changes to the July price list
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. This same report can be found in the Featured Highlights section of the eService Center.
About Xactware
Xactware Solutions, Inc. (Xactware) is a wholly owned subsidiary of Verisk Analytics specializing in the property insurance, remodeling, and restoration industries. Xactware’s technology tools include software estimating programs for PCs and tablet PCs, as well as powerful online systems for replacement-cost calculations, estimate tracking, and data trending in real time. www.xactware.com.
