Report Warns of $2 Billion GDP Loss from Governor Hobbs’ Housing Moratorium in Phoenix

An independent report from the Common Sense Institute Arizona highlights concerns over Governor Hobbs' housing moratorium in the Phoenix Active Management Area, predicting a $2 billion reduction in real GDP, a loss of 18,654 jobs, and a decline in personal income by $3.9 billion by 2035. Critics, including House Majority Leader Michael Carbone, argue the moratorium has led to higher home prices and reduced availability. Calls for a bipartisan solution to balance water sustainability and housing needs are ongoing, with Carbone's office awaiting a response from the Governor.