Index Investing News
Saturday, May 9, 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

Just Listed | 11211 Prosperity Farms Road #B203 & 204

Just Listed | 11211 Prosperity Farms Road #B203 & 204

by Index Investing News
May 7, 2026
0

Double office suite for Sale in Palm Beach Gardens PRETTY IN PALM BEACH GARDENS2,034 sqft  Double office suite in Palm...

Virginia Greek Revival Estate Finds a Buyer at .25 Million in Just 2 Days

Virginia Greek Revival Estate Finds a Buyer at $4.25 Million in Just 2 Days

by Index Investing News
May 3, 2026
0

A one-of-a-kind Georgian manor located just 20 minutes from Richmond, VA, has found a buyer after just two days on...

Two Sisters, Two Husbands, a Toddler and a House in the Bay Area

Two Sisters, Two Husbands, a Toddler and a House in the Bay Area

by Index Investing News
April 29, 2026
0

For years, Aviva Maslow and her younger sister Elana casually joked about buying a home together. The two had grown...

DOJ Drops Powell Probe, Clearing Path For Warsh As Fed Chair

DOJ Drops Powell Probe, Clearing Path For Warsh As Fed Chair

by Index Investing News
April 25, 2026
0

The DOJ dropped its criminal probe of Fed Chair Jerome Powell Friday, clearing a key Senate hurdle for Kevin Warsh’s...

Just Listed | 8801 Wellington View Drive

Just Listed | 8801 Wellington View Drive

by Index Investing News
April 17, 2026
0

Fully reimagined Extended Portland model for Sale in Wellington View WONDERFUL IN WELLINGTON VIEW5 Beds | 4.5 Baths This highly sought-after,...

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

China’s retail gross sales disappoint as stimulus fails to spur demand; industrial output defies tariffs

China’s retail gross sales disappoint as stimulus fails to spur demand; industrial output defies tariffs

May 19, 2025
Twist Bioscience Defies Skeptics With Robust Development

Twist Bioscience Defies Skeptics With Robust Development

March 23, 2025
NewMark Merrill Buys Chicago Shopping Center for M

NewMark Merrill Buys Chicago Shopping Center for $22M

April 14, 2024
Folie À Deux’ With Joaquin Phoenix On Day 1 Set – Deadline

Folie À Deux’ With Joaquin Phoenix On Day 1 Set – Deadline

December 11, 2022
Endorsement: Erin Darling is the perfect candidate to signify Westside L.A. on the town council

Endorsement: Erin Darling is the perfect candidate to signify Westside L.A. on the town council

May 11, 2022
World Financial institution lifts China development forecast however requires deeper reforms

World Financial institution lifts China development forecast however requires deeper reforms

December 26, 2024
The world is terrible. The world is much better. The world could be much better.

The world is terrible. The world is much better. The world could be much better.

January 29, 2023
Independence Realty Belief: Aligned To Profit From Inhabitants Migration (NYSE:IRT)

Independence Realty Belief: Aligned To Profit From Inhabitants Migration (NYSE:IRT)

March 6, 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