Index Investing News
Monday, March 23, 2026
No Result
View All Result
  • Login
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
No Result
View All Result
Index Investing News
No Result
View All Result

Arizona sets construction limits in Phoenix as groundwater dwindles

by Index Investing News
June 3, 2023
in Property
Reading Time: 3 mins read
A A
0
Home Property
Share on FacebookShare on Twitter


Aerial views of new homes under construction in the Pinal County, AZ town of Florence Wednesday, Jan. 26, 2022.

Brian Van Der Brug | Los Angeles Times | Getty Images

Arizona will not allow new housing construction in the Phoenix area that depends on groundwater, a decision that comes as the state grapples with a multi-decade drought and diminishing water supplies.

Arizona Gov. Katie Hobbs, during a news briefing Thursday, announced the restrictions that could impact the quickly expanding suburbs around Phoenix. The decision by the Arizona Department of Water Resources applies only to groundwater supplies and would not affect current homeowners who already have an assured water source.

A megadrought has generated the driest two decades in the West in at least 1,200 years, and human-caused climate change has helped to fuel the conditions. Water sources are declining across the U.S. West and restrictions on the Colorado River are impacting all sectors of the economy, including construction.

Earlier this year, Arizona projected that developers planning to build homes in the desert west of Phoenix don’t have enough groundwater supplies to execute those plans.

A more recent analysis found that roughly 4% of the area’s demand for groundwater, nearly 4.9 million acre-feet, would not be met over the next 100 years. An acre-foot of water is about what two average households consume per year.

The decision would allow developers to continue to build in the affected areas but would require them to find alternatives to groundwater supplies. During a nationwide housing shortage, developers are hoping to build homes in growing metropolitan regions such as Phoenix despite water shortages.

Arizona developers have said they can work around dwindling water supplies, pointing to technology such as low flow fixtures, drip irrigation and desert landscaping. The state’s restriction could also prompt developers to seek out other water sources, such as purchasing access to river water from farmers.

Despite the restriction, the governor said Arizona isn’t running out of water and is equipped to manage the situation.

“My message to Arizonans is this: we are not out of water and we will not be running out of water because, as we have done so many times before, we will tackle the water challenges we face with integrity and transparency,” Hobbs said.

The announcement comes as Arizona experiences disappearing groundwater as well as diminishing levels from the drought-stricken Colorado River, which supplies water to more than 40 million people in the U.S. The state receives roughly 2.8 million acre-feet per year, or about 18% of the total allocation, from the Colorado River.

Last month, Arizona struck a deal with California and Nevada to voluntarily reduce their water usage from the river in exchange for federal funding. Arizona has endured two rounds of mandatory water cuts from the river over the past two years.

Correction: A more recent analysis found that roughly 4% of the area’s demand for groundwater, nearly 4.9 million acre-feet, would not be met over the next 100 years. An earlier version misstated the timing.



Source link

Tags: ArizonaconstructionDwindlesGroundwaterlimitsPhoenixSets
ShareTweetShareShare
Previous Post

Tata Group signs Rs 13,000-crore EV battery plant deal with Gujarat

Next Post

Houses That Come With Horses Are the New Luxury in Mexico

Related Posts

With No Time to Spare, They Traded a House in Austin for a Condo in Chicago

With No Time to Spare, They Traded a House in Austin for a Condo in Chicago

by Index Investing News
March 20, 2026
0

Nathan Smith and Megan Jones-Smith enjoyed living in Austin, Texas, for 13 years, but it never really felt like a...

Inside Compass’ Tech Migration, Fast-Tracking Of Private Exclusives

Inside Compass’ Tech Migration, Fast-Tracking Of Private Exclusives

by Index Investing News
March 16, 2026
0

When Compass merged with Anywhere in January, CEO Robert Reffkin reiterated his pledges that there would be no mandates that...

Just Listed | 7467 Ironhorse Boulevard

Just Listed | 7467 Ironhorse Boulevard

by Index Investing News
March 8, 2026
0

Meticulously maintained single-story home for Sale in Ironhorse IDEAL IN IRONHORSE4 Beds | 3.5 BathsThis meticulously maintained single-story home in Ironhorse...

Mortgage Applications Today: Home Loan Demand Increases for Third Straight Week—Surging 11%, Fueled by Lower Rates

Mortgage Applications Today: Home Loan Demand Increases for Third Straight Week—Surging 11%, Fueled by Lower Rates

by Index Investing News
March 4, 2026
0

Mortgage applications increased for a third straight week—11% from the week prior, according to the Mortgage Bankers Association for the...

30+ Lucky March Social Prompts

30+ Lucky March Social Prompts

by Index Investing News
March 12, 2026
0

Why March Social Media Posts Matter for Real Estate Agents March is the month of green, and you’ll be pinching...

Next Post
Houses That Come With Horses Are the New Luxury in Mexico

Houses That Come With Horses Are the New Luxury in Mexico

Women are playing a vital role in millet push

Women are playing a vital role in millet push

RECOMMENDED

Lecce vs Sampdoria Prediction and Betting Tips

Lecce vs Sampdoria Prediction and Betting Tips

April 14, 2023
Bertrand Bonello’s Sci-Fi Epic ‘The Beast’ Is the Stuff of Nightmares

Bertrand Bonello’s Sci-Fi Epic ‘The Beast’ Is the Stuff of Nightmares

September 30, 2023
Uniswap Governance Votes Unanimously to Empower UNI Holders With Protocol Fee Rewards

Uniswap Governance Votes Unanimously to Empower UNI Holders With Protocol Fee Rewards

March 3, 2024
Turning a Non-public Mortgage Right into a Worthwhile Flip After Foreclosures

Turning a Non-public Mortgage Right into a Worthwhile Flip After Foreclosures

August 16, 2022
2023 NBA turnovers per game leaders

2023 NBA turnovers per game leaders

November 27, 2023
#ReadWithMe: Power Without Knowledge Part 8: Exitocracy

#ReadWithMe: Power Without Knowledge Part 8: Exitocracy

February 1, 2023
Inside Putin’s £390m Flying Kremlin jet with gold-plated TOILET as sanction-hit Russians combat over meals in empty outlets

Inside Putin’s £390m Flying Kremlin jet with gold-plated TOILET as sanction-hit Russians combat over meals in empty outlets

March 17, 2022
Strategic Schooling, Inc. (STRA) Q1 2025 Earnings Name Transcript

Strategic Schooling, Inc. (STRA) Q1 2025 Earnings Name Transcript

April 24, 2025
Index Investing News

Get the latest news and follow the coverage of Investing, World News, Stocks, Market Analysis, Business & Financial News, and more from the top trusted sources.

  • 1717575246.7
  • Browse the latest news about investing and more
  • Contact us
  • Cookie Privacy Policy
  • Disclaimer
  • DMCA
  • Privacy Policy
  • Terms and Conditions
  • xtw18387b488

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In