Home building in metro Phoenix hasn’t come to a grinding halt and isn’t expected to, despite new water restrictions for subdivisions on the area’s edges.And while the Valley’s water woes won’t help the area’s housing shortage, they aren’t going to make it substantially worse either, according to water and housing experts.Arizona’s water agency said last month it would stop approving new home developments that rely solely on groundwater, which experts say is already spoken for in the Phoenix area.The move set off alarms about metro Phoenix’s continued growth.It only really immediately impacts a couple of Phoenix-area suburbs: Buckeye in the West Valley and Queen Creek in the East Valley. These communities rely more on groundwater for development.But those areas, with more affordable land, are hotspots for home building. Of the 10 top-selling subdivisions under construction, four are in Buckeye and Queen Creek.Growth …
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