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.