This bulletin gives a brief overview of recent pricing trends in the property insurance, construction, and restoration industries.
The following quarters will be released in 2017:.Iowa – 2017 Effigy Mounds National Monument Quarter.District of Columbia – 2017 Frederick Douglass National Historic Site Quarter.Missouri – 2017 Ozark National Scenic Riverways Quarter.New Jersey – 2017 Ellis Island National Monument Quarter. 31, 2017, with the decline coming largely from $20.1 million in debenture interest payments and the repayment of $6.5 million on the Corporation’s syndicated revolving-term credit facility. During the quarter, US$28.8 million of Cuban energy payments were received compared to US$37.6 million in the first quarter of 2017. 2019 W Lowell National Park 25c Quarter Slab PCGS MS-65 - West Point Mint UNC. 1920-D Standing Liberty Quarter. Choice BU. The first United States Mint quarter release for 2017 depicts Effigy Mounds National Monument in Iowa. It is the thirty-sixth issued as part of the Mint’s program of America the Beautiful Quarters® which runs for eleven years until 2021. DISH Network Reports First Quarter 2017 Financial Results. DISH Network Reports Fourth Quarter, Year-End 2016 Financial Results.
As a reporter of market-specific pricing information for repairing or rebuilding structures and replacing personal property, Xactware conducts hundreds of thousands of industry surveys, and reviews more than 125 million data points per year submitted through field estimates written by contractors and adjusters as well as electronic data feeds provided by retail merchants. This extensive library of research enables Xactware to provide a comprehensive report of important industry trends.
Materials
Material costs are highly variable and are sometimes impacted by factors such as fuel costs, changes to industry practices, or natural disasters. Xactware closely monitors a wide variety of material costs across the country to ensure its price lists reflect any recent changes to pricing.
In the fourth quarter of 2016, Xactware observed changes to several material categories. The most significant change occurred in lumber material costs which increased 1.32 percent over the quarter and 0.4 percent since January 2016.
Other significant changes occurred in interior trim material costs. Interior trim material costs increased 0.08 percent this quarter and decreased 1.66 percent since January 2016.
The Material Composite Index report tracks a combination of several commonly used material components, including floor covering, paint, and roofing among others. The index showed a 0.56 percent cost increase in the fourth quarter of 2016 and a 1.79 percent cost increase since January 2016.
Labor
Xactware’s Pricing Data Services also surveys thousands of contractors across the country each month to determine what they charge for labor. The most significant change we observed occurred in the cost of concrete mason labor, which increased 5.8 percent since January 2016 and 1.19 percent over the last quarter.
Other significant quarterly changes occurred in labor costs for drywall installation. Drywall installation and finishing labor costs increased 1.78 percent over the quarter and 5.56 percent since January 2016.
2017 Quarter Error
The Retail Labor Index report tracks a combination of several common trades, including floor covering, painting, and roofing among others. In the fourth quarter of 2016, the index showed a 0.84 percent cost increase. Between January 2016 and January 2017, the index showed a 3.01 percent cost increase.
Combined Trends
The combined labor and materials report is based on monthly building cost data published by Xactware. It comprises a set of commonly used items and may be used as an indicator of trends within the marketplace. The combination of labor and materials makes up the majority of Xactware price list items. Tracking the percent change for the cost of these items provides a good gauge of the general market.
The Combined Labor and Materials report showed a cost increase of 0.64 percent in the fourth quarter of 2016 and a 1.97 percent increase since January 2016.
Fuel Costs
Fuel costs are extremely volatile and are a factor in item pricing. Low oil prices can push down the price of some raw materials. Since December 2015, fuel prices increased 13.52 percent and they decreased 2.85 percent over the fourth quarter of 2016. Xactware’s Pricing Data Services carefully tracks fuel costs to ensure accurate pricing.
Where to Learn More
Annual Property Report
Xactware publishes annual property reports that focus on key trends during the previous calendar year. To order a copy of Xactware’s Property Report for the United States or Canada, please visit the Xactware Online Store.
Industry Trend Reports
Using Industry Trend Reports, Xactware customers can examine pricing trends on national, state or province, and local levels for key material and labor pricing changes in multiple trades. Trends can be viewed by the month or over extended periods of time. For more information about Xactware’s Industry Trend Reports, or to receive access to them, please contact your sales representative or call 1-800-424-9228.
Pricing Methodology White Paper
For more information about Xactware’s methodology for researching and publishing pricing information, please see the Pricing Research Methodology white paper on the eService Center.
The values reported in this bulletin are national averages for the United States and will vary from local prices.
The 2017 National Park Quarters symbolize five national sites celebrating the beauty of the United States and its territories. The coins will be issued as part of the US Mint’s America the Beautiful Quarters® Program which debuted in 2010. The following quarters will be released in 2017:
*Iowa – 2017 Effigy Mounds National Monument Quarter
*District of Columbia – 2017 Frederick Douglass National Historic Site Quarter
*Missouri – 2017 Ozark National Scenic Riverways Quarter
*New Jersey – 2017 Ellis Island National Monument Quarter
*Indiana – 2017 George Rogers Clark National Historical Park Quarter
A total of 56 quarters will be released in the series including the 2017 National Park Quarters, with five being released each year starting in 2010 and continuing until 2021. Each national site is chosen from the fifty states, the District of Columbia and the five US Territories. Each quarter is released based on the dates the national site it is honoring came under US control.
The heads of each quarter will still contain a portrait of George Washington, who’s portrait was done by John Flanagan. On the tails side, a design of the location selected will be displayed. The final designs for the 2017 National Park Quarters will likely not be known until late in 2016.
More information on the sites to be honored by the 2017 National Park Quarters to be released by the US Mint is offered below :
Effigy Mounds National Monument Quarter – The Effigy Mounds National Monument Quarter honors the site in Iowa where, over 1000 years ago, American Indians created hundreds of mounds to commemorate the passing of loved ones as well as for everyday use as part of their culture. Over 200 mounds, some shaped like animals, are preserved at the national monument today.
This national monument is over 2500 acres and is affiliated with twelve American Indian tribes. Visitors can come and see the mounds all year round, and get a glimpse into the lives of some of the American Indian tribes from the area.
Frederick Douglass National Historic Site Quarter – The Frederick Douglass National Historic Site Quarter honors the site in Washington, D.C. where the home of Frederick Douglass, an abolitionist who was born into slavery is located. He spent his entire life, after escaping to freedom, fighting for equal rights for everyone, which still inspires people today.
Located in the District of Columbia, Frederick Douglass National Historic Site allows visitors to tour Frederick Douglass’s home, known as Cedar Hill, where they can also see a spectacular view of the Washington D.C. area.
Ozark National Scenic Riverways Quarter – The Ozark National Scenic Riverways of Missouri protects the two spring fed rivers rivers that flow through the area and the intricate bio-systems found there.Also featured here is the Old Red Mill. This mill was built in 1894, and allows visitors to learn about some of the early European settlers that came to this area.
There are also over 300 caves and springs in this area, however, tourists may only visit the caves during the summer months. Tourists may also hike, kayak, canoe, or participate in other water sports when they visit Ozark National Scenic Riverways.
Established in 1964, Ozark National Scenic Riverways was the first national park that protected a wild river system and is located in Missouri.
Ellis Island National Monument (Statue of Liberty) Quarter – The Ellis Island National Monument (Statue of Liberty) Quarter honors the site in New Jersey which opened on January 1st, 1892. After opening, Ellis Island became the prime facility for immigrants to enter into America. Over 12 million immigrants passed through Ellis Island, and almost 40% of the current US population can trace their ancestry to Ellis.
2017 Quarter Ellis Island
On September 10th, 1990, Ellis Island reopened as a museum after 30 years of abandonment. There are almost 30 other buildings on the island that have not been restored. These include hospitals, quarantine and other facilities used for the immigrants.
Ellis Island National Monument is also part of the Statue of Liberty National Monument. Many immigrants saw the Statue of Liberty as a sign of hope when they pulled into Ellis Island.
George Rogers Clark National Historical Park Quarter – The George Rogers Clark National Historical Park Quarter honors the site in Indiana where George Rogers, and American Colonel, marched his men on February 25th, 1779 to Fort Sackville and overthrew the British army residing there.
2017 Quarterbacks Drafted
This helped the United States stake claim on an area of the frontier nearly the size of the original thirteen states. Visitors can view murals and the Clark Memorial, while learning about the importance of this historical area.