Over the next few years, we could see less development in Valley cities like Buckeye after Governor Katie Hobbs put a pause on water supply certificates to protect groundwater supplies.
said the pause on water supply certificates does not impact the 80,000 unbuilt homes that have already been approved.
"With 80,000 permits already approved per the governor's speech, that's about three to four years of supply of new homes because we sell about 25,000 a year," Tamboer said. Tamboer is referencing new homes in Maricopa and Pinal Counties. She's optimistic changes can happen over time. "A lot can happen over the next four to five years, even over the next 10 to 20 years before we ever get to that point of crisis," she said.Arizona, California and Nevada on Monday proposed a plan to significantly reduce their water use from the drought-stricken Colorado River over the next three years."I would say that our leading indicators right now tell us that our prices are going to continue to rise for right now," she said.
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