Xactware’s 2009 Property Reports

Reliable information plays a critical role in helping property insurance professionals make informed decisions about their areas of responsibility. Xactware’s 2009 Property Reports for the United States, Canada, and the United Kingdom can help you better understand the year in review and identify important trends as you prepare for the upcoming year.

Challenge
In 2009, costs associated with construction flattened to a rate not seen in recent years. The construction industry experienced massive slowdowns in production, and the economic recession played a major role in driving down rate changes for many key construction materials in the United States, Canada, and the United Kingdom. You can use Xactware’s 2009 Property Reports to understand and identify last year’s trends as you plan for the year to come.

Results
Some important findings of the Xactware 2009 Property Report for the United States include:

• the rising disproportion between the selling price and reconstruction cost of some homes
• trends in the cost of composition shingles, lumber, drywall, and other construction materials
• the volume of insurance estimates reported to Xactware each month
• the average insurance estimate by type of loss
• the rising popularity of green building materials and techniques
• the rate of change for reconstruction costs in all 50 states and the District of Columbia

Some important findings of the Xactware 2009 Property Report for Canada include:

• trends in the cost of composition shingles, lumber, drywall, and other construction materials
• the volume of insurance estimates reported to Xactware each month
• the average insurance estimate by type of loss
• the rise in popularity of green building materials and techniques
• changes in reconstruction costs broken down by province

Some important findings of the Xactware 2009 Property Report for the United Kingdom include:

• Xactware expert analysis of the U.K. construction, remodeling, and reconstruction industries
• trends in cost rates for labor broken down by region
• the effect that global demand has on cost rates for local copper plumbing material
• the effect that surplus inventory has on cost rates for wood flooring
• trends in cost rates for plasterboard

Technique
The 2009 Property Reports use information gathered by Xactware’s in-house team of experts and XactAnalysis®, Xactware’s industry-leading assignment and analytical network. XactAnalysis allows Xactware to report and measure key indicators of the construction industry, as well as the effect that pricing changes have on material, labor, and other building costs.

Visit the Xactware website to get more information on ordering the reports.

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