Index Investing News
Wednesday, May 21, 2025
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

When’s the Proper Time to Begin Investing? (Age, Cash, Life-style)

When’s the Proper Time to Begin Investing? (Age, Cash, Life-style)

by Index Investing News
May 21, 2025
0

When is the precise time to spend money on actual property? We’ve all requested ourselves this, and when you’ve been...

Simply Listed | 123 Lakeshore Drive #1644

Simply Listed | 123 Lakeshore Drive #1644

by Index Investing News
May 21, 2025
0

OUTSTANDING IN OLD PORT COVE3 Beds | 2/1 Baths This can be a uncommon alternative to personal a spacious apartment...

Turnkey Consolation and Timeless Type Await at 823 Flagstaff Court docket, Ventura

Turnkey Consolation and Timeless Type Await at 823 Flagstaff Court docket, Ventura

by Index Investing News
May 21, 2025
0

In a coastal city the place attraction and class meet, alternatives like this hardly ever floor. Welcome to 823 Flagstaff...

HP Traders, Realm Purchase San Diego Workplace

HP Traders, Realm Purchase San Diego Workplace

by Index Investing News
May 20, 2025
0

1450 Frazee, now Axis 1450, options floorplates starting from 2,000 to twenty,000 sq. ft. Picture courtesy of HP Traders In...

Octave Holdings Enters Wisconsin – Industrial Property Government

Octave Holdings Enters Wisconsin – Industrial Property Government

by Index Investing News
May 21, 2025
0

West Allis Towne Centre underwent a beauty renovation in 2011. Picture courtesy of Octave Holdings and Investments Octave Holdings and...

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

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED

Liverpool affected most by VAR mistakes; Arsenal & Man Utd among top beneficiaries

Liverpool affected most by VAR mistakes; Arsenal & Man Utd among top beneficiaries

February 9, 2024
Moment ‘Hero’ Michigan Boy Grabbed School Bus Wheel After Driver Passed Out

Moment ‘Hero’ Michigan Boy Grabbed School Bus Wheel After Driver Passed Out

April 28, 2023
The Most Necessary Buying and selling Lesson Proper Now {VIDEO}

The Most Necessary Buying and selling Lesson Proper Now {VIDEO}

March 26, 2022
‘A lot quieter’ Black Friday brings out discount-hunters By Reuters

‘A lot quieter’ Black Friday brings out discount-hunters By Reuters

November 24, 2023
Kody Brown Digs Son Garrison’s Grave as He and Janelle Put Variations Apart for Funeral

Kody Brown Digs Son Garrison’s Grave as He and Janelle Put Variations Apart for Funeral

May 19, 2025
Steve Bunce: Josh Taylor plunged into the unknown as Teofimo Lopez earns redemptive win

Steve Bunce: Josh Taylor plunged into the unknown as Teofimo Lopez earns redemptive win

June 12, 2023
Salesforce, Workday develop new multitasking AI assistant

Salesforce, Workday develop new multitasking AI assistant

July 24, 2024
Creative Financing 101 with No Cash, Credit, or Credentials

Creative Financing 101 with No Cash, Credit, or Credentials

November 19, 2022
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