By The Numbers: Community Association Management Statistics

In the United States, community associations are becoming a norm in acquiring a home in a controlled environment. But more than just an association, a HOA has also become a profitable business enterprise where couples and families seek out a more protected means of living.

Want proof?
 Check out the following, “by the numbers” statistics gathered by the Community Associations Institute (CAI), which clearly reflect the significant growth of housing under HOA’s since the 1970s.
10,000:  The number of Communities in existence in the year 1970.
130,000:  The number of Communities in the year 1990.
309,600:  The number of Communities in the year 2010 (a nearly 3000 percent increase since 1970).
3.6 Million:  The number of housing units that has been tallied with more than 10 million residents being accommodated in 1980’s.
11.6 Million:  The number of community association homes in 1990 nationwide, accommodating 29.6 million residents.
24.8 Million: The number of community association homes in the year 2010 nationwide, accommodating 62 million
$30 - $35 Billion – The annual estimated operating revenue for all community associations in the United States.
$2 Trillion – The estimated real estate value of the homes in all community association, which is approximately 15% of total value of all U.S. real estate.

It is an undeniable fact that community associations benefit their respective communities by reinforcing the rules and regulations that are mutually agreed by the Board of Directors and the members of association.  When it comes to acquiring memberships, each of them have their own fee structure depending on the services provided by them, but the benefits that the members of association reap are much higher when compared to the membership fees paid.

By hoamanagement.com