National Statistics

CAI just released the updated community association industry statistics:

National Statistics

Estimated number of U.S. association-governed communities and individual housing units and residents within those communities:

Year

Communities

Housing Units

Residents

1970

10,000

701,000

2.1 million

1980

36,000

3.6 million

9.6 million

1990

130,000

11.6 million

29.6 million

2000

222,500

17.8 million

45.2 million

2002

240,000

19.2 million

48.0 million

2004

260,000

20.8 million

51.8 million

2006

286,000

23.1 million

57.0 million

2008

305,800

23.8 million

59.5 million

2010

311,600

24.8 million

62.0 million

2011

317.200

25.4 million

62.7 million

2012

323,600

25.9 million

63.4 million

Association-governed communities include homeowners associations, condominiums, cooperatives and other planned communities. Homeowners associations and other planned communities account for 50-52 percent of the totals above, condominiums for 45-48 percent and cooperatives for 2-3 percent. These are estimates based on U.S. Census publications, American Housing Survey (AHS), IRS Statistics of Income Reports, California and Florida state-specific information, related association industry trade groups and collaboration with industry professionals.

  • Estimated number of community association managers: 60,000
  • Estimated number of community association management companies: 10,000
  • CAI estimates that 15-25 percent of common-interest communities are self-managed, meaning they do not employ an onsite¬†manager or use the services of a association management company. The percentage of self-managed associations is highest in older urban areas where many apartment buildings have been converted to condominiums or cooperatives.

In 2012, association boards supervised the collection of close to $40 billion in annual assessments and maintained investment accounts of more than $35 billion for the long-term maintenance and replacement of commonly held property.

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