
Arizona says developers don't have enough groundwater to build in desert west of Phoenix
• CNBCKEY POINTS
Developers planning to build homes in the desert west of Phoenix don't have enough groundwater supplies to move forward with their plans, a state modeling report found.
Plans to construct homes for people located west of the White Tank Mountains will require alternative sources of water to proceed as the state grapples with a historic megadrought.
Amid a nationwide housing shortage, developers are flooding Arizona with plans to build homes even as drought conditions intensify and water shortages worsen.