Industry Analysis & Industry Trends
During the recession, the Homeowners' Associations industry faced declines due to a decrease in housing starts and an increase in vacant homes. However, as the economy gains steam and per capita disposable income rises, these associations will see an increase in paid assessment fees, thus bringing the industry out of decline. Aging baby boomers will also propel industry growth, as they often join community associations... purchase to read more
Industry Report - Industry Locations Chapter
Homeowners' associations are most common in the Mid-Atlantic; in 2012, the region held 30.9% of communities and accounted for 36.8% of the industry's revenue. New York, accounts for the largest share; by itself, the state accounts for 26.8% of the industry's revenue. This is a disproportionate share given the region's share of the population is only 15.6% of the nation's total. In New York housing cooperatives are quite common as are condominium and apartment-run associations, which accounts for the region's high share of industry establishments.
The Southeast is another significant region for the industry. In 2012, the Southeast had 23.1% of the industry's community associations and generated 25.4% of the industry's revenue... purchase to read more