NATIONAL

Construction Material Costs See First Year-Over-Year Drop In 18 Months
BisNow
Construction prices are lower today than they were a year ago, a little bright spot for the industry, a new Associated Builders and Contractors analysis found. Construction and nonresidential construction inputs saw 0.9% and 0.6% decreases, respectively, the first year-over-year decrease in more than 18 months. 

COLORADO

Reduction in property taxes coming up
gazette.com
A bill that temporarily reduces property taxes for Colorado homeowners is headed to the office of Gov. Jared Polis. Teller County commissioners Erik Stone and Dan Williams testified in the Colorado legislature April 10 in favor of SB 23-108, which was passed unanimously by the House of Representatives.

NEW YORK

NYC Commercial Real Estate Sales Fell By Over 50% To Start The Year
BisNow
There were $2.2B worth of investment sales across 108 properties in New York City in the first quarter of 2023, representing a 59% decline across the trailing four-quarter average and a 53% decrease from the previous quarter, according to new Avison Young data.

TEXAS

Which cities have the emptiest office buildings? It's not New York or San Francisco
Yahoo Finance
Landlords in Houston and Dallas are having a tougher time filling their empty office buildings with new tenants than any other market in the country, according to office market statistics compiled by CoStar and JPMorgan. Why? One reason: They overbuilt when interest rates were low.

North Texans feeling sticker shock after receiving property value notices
CBS Texas
Property value notices have started arriving in mailboxes across North Texas, and if you're feeling sticker shock – you're not alone. Property owners can expect to see values go up by 10% to 20% this year. About 100 of them showed up at the Tarrant Appraisal District office Monday, looking for an explanation or some relief, after getting their property value notices over the weekend.