Community Associations
Community Associations Institute (CAI) estimates that in 1970 there were 10,000 community associations nationwide. Today, there are 300,000 community associations housing 60 million Americans. Nearly one out of every six Americans (60 million) lives in a community association. WOW! That is alot of people.
Check out these facts:
- There are an estimated 300,000 community associations in the US providing 24 million housing units
- Between 9,000 and 11,000 new community associations are formed every year
- More than 50 percent of new home sales are in community associations
- HOA's can range in size from as small as a two-unit associations to communities with 30,000 units.
- 1.25 million Americans serve on a community association board (Another WOW!)
Economic Impact
The real estate value of all community associations and their units exceeds $2.25 trillion. The estimated annual operating revenues for all community associations in the U.S. is more than $35 billion. Most of this is spent in the associations' local economies for products and services.
So whether you like HOA's or not, it looks like they are here to stay! I can help you find a community that is an HOA anywhere in North Texas !
We property manage many homes in HOA's
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