Quarterly Price Updates October 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: +0.8%
- Southeast: +1.1%
- Midwest: +1.4%
- Southwest: -0.2%
- West: +0.6%
See how the cost of an 800 sq. foot home addition has changed since last quarter:
- Northeast: +3.7%
- Southeast: +4.3%
- Midwest: +4.8%
- Southwest: +3.7%
- West: +4.0%
Here are some highlights of the average material price changes nationwide:
- Stud prices increased 4.2%
- Pressure treated decking prices increased 4.9%
- Concrete prices increased 3.5%
- Cedar and pressure treated fencing decreased 17%
.jpeg)
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 We hope you find it interesting!
The chart on the top left shows how the raw material costs change depending on your location. The chart on the bottom shows a behavior review of the aggregated average costs indicated for material costs over time. You can see an overall trend of climbing costs, despite a brief cooling that was experienced in the second half of 2022. Next quarter, we project no significant change for most regions of the US, although the Southwest region will see a rise of about 2%.
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.
