Quarterly Price Updates July 2024

Updated material prices available now

Every quarter Clear Estimates updates the material price for every region in the U.S., for all 10,000 parts in the database. These updates are automatically available in your Clear Estimates Software. Check out how the prices of different projects have changed regionally this past quarter!

Check out how the cost of a 200 sq. foot kitchen remodel has changed since last quarter:

• Northeast: -1.9%
• Southeast: -1.9%
• Midwest: -1.5%
• Southwest: -1.0%
• West: -2.0%

See how the cost of an 800 sq. foot home addition has changed since last quarter:

• Northeast: +0.6%
• Southeast: +0.1%
• Midwest: +1.1%
• Southwest: +1.1%
• West: +0.1%

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Here are some highlights of the average material price changes nationwide:

• Pressure treated decking prices increased 12.22%
• Plywood prices decreased 9.12%
• Concrete prices increased 6.36%
• Drywall prices increased 5.70%
• Concrete block prices increased 4.79%
• Dimensional lumber prices increased 4.56%

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Part Analysis “Deep Dive”

We strive to deliver the most accurate pricing data in the industry by drawing on a breadth of data sources. Our goal is for the software to be valuable out-of-the-box, requiring you to make as few customizations as possible. This new section gives a glimpse into the effort that takes place behind the scenes to deliver you data you can trust. The long summer building season is a great time for those big addition projects, and it’s hard to build an addition without a floor. Let’s focus specifically on ¾” plywood subfloor. We hope you find it interesting!

The chart on the top left shows how the material costs vary depending on your location. The blue dots show regions where the prices are relatively low and warmer colors show where the prices are higher, as shown on the color bar to the right of the map. This is simply the raw material costs and does not include labor, markup, etc. The chart on the bottom shows a behavior review of the aggregated average costs for material costs over time. You can see clear evidence of the disruptions that happened during the pandemic which were famously volatile for plywood in particular. The past handful of quarters have demonstrated a stretch of relative stability, and next quarter we project a price drop of several percent or more for the vast majority of the country, although the change isn't as drastic for locations in the West.

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We look forward to bringing you new and exciting information in pricing trends every quarter! Stay tuned for the next update. If you haven't updated to our suggested labor rates for 2024 yet, you can see how to do so by clicking here.

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