Arizona's Water Supply Threatened by Growth and Infrastructure Plans

Arizona has announced that there is not enough groundwater to support all the future housing construction that has already been approved in the Phoenix area, and will stop developers from building some new subdivisions. This marks the beginning of the end to the explosive development that has made the Phoenix metropolitan region the fastest growing in the country. The decision means cities and developers must look for alternative sources of water to support future development, which is likely to rattle the real estate market in Arizona, making homes more expensive and threatening the relatively low housing costs that had made the region a magnet for people from across the country.