Phoenix, Arizona skyline According to Arizona's state water agency, construction permits have been issued for about 80,000 new housing lots that have yet to be built in Greater Phoenix. (Credit: Sean Pavone/Adobe Stock)

Greater Phoenix, the region with the fastest population growth in the US, is confronting a reckoning that will block future growth: Arizona has determined that there isn't enough groundwater left in the region for all of the already approved housing projects under development.

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.