Hearth and home: Improving macroeconomic conditions will encourage strong revenue growth

The Homeowners' Associations industry comprises housing management organizations that deliver governance services, community services and business services to their residents. This industry includes homeowners' associations, condominium associations, cooperatives and other planned communities. The industry has benefited from growth in per capita disposable income and membership, despite a slight decline in the homeownership rate during the five-year period. The vast majority of industry enterprises are structured as nonprofit organizations and, therefore, reinvest any earned profit back into the community. Moreover, industry organizations typically only generate enough revenue to cover required maintenance, any community programs and funding allocated to reserves...purchase to read more.

Industry Statistics & Market Size
Revenue
$27bn
Annual Growth 13-18
1.6%
Forecast Growth 18-23
Profit
Employment
132,848
Businesses
20,012
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • The industry has benefited from growth in disposable income and membership, despite a slight decline in homeownership
  • Industry revenue has grown despite a decline in the overall homeownership rate
  • The growing popularity of industry associations will drive an increase in overall membership
  • Industry Report - Industry Locations Chapter

    Homeowners' associations are most common in the Southeast. In 2018, the Southeast is estimated to account for 29.8% of the industry's community associations. This is in line with the region's share of the population which is 25.7% of the US total. Within the Southeast, Florida is the state with the highest share of industry establishments at 14.0% of the nation's total. One of the largest homeowners' association in the nation, The Association of Poinciana Villages, is in Florida and has a population of more than 50,000 residents. North Carolina, also located in the Southeast, holds a notable 4.1% of total industry establishments, also contributing to the concentration of industry establishments in the region...purchase to read more.

    Additional Insights for the Homeowners' Associations Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Homeowners' Associations Industry are

  • Access to volunteer labor
  • Having a good reputation
  • Ability to attract local support/patronage
  • IBISWorld analysts also discuss how external factors such as Homeownership rate and Households earning more than $100,000 in the Homeowners' Associations industry impact industry performance..

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    What's in this report

    What is the Homeowners' Associations Industry?

    A homeowners’ association is a legal entity created by a real estate developer for the purpose of developing, managing, selling or administering a community of homes. It is given the authority to enforce the community’s covenants, conditions and restrictions, and to manage its common amenities. It enables the developer to end its responsibility, typically by transferring ownership of the association to the homeowners after selling off a predetermined number of lots.

    Industry Products
  • Planned communities
  • Condominium communities
  • Cooperatives
  • Industry Activities
  • Operating fraternal organizations
  • Operating homeowners' associations
  • Operating condominium associations
  • Operating community associations
  • Operating housing co-operatives
  • Operating tenant associations (except advocacy)
  • Operating property owners' associations
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Homeownership rate
  • Households earning more than $100,000
  • Number of adults aged 50 and older
  • Urban population

  • Current Performance
  • There’s no place like home
  • Membership drives growth
  • Industry employment and profit
  • Chart: Revenue Growth

  • Industry Outlook
  • Continued membership growth
  • Senior living communities
  • Industry structure
  • Table: Homeowners' Associations Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Homeowners' Associations Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Consumers

  • Key Selling Industries
  • Janitorial Services
  • Landscaping Services
  • Pest Control
  • Waste Collection Services

  • Products & Services
  • Planned communities
  • Condominium communities
  • Cooperatives
  • Chart: Homeowners' Associations Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Residential communities
  • Combination resort and residential communities
  • Age-restricted communities
  • Private clubs
  • Mixed-use communities
  • Chart: Major Market Segmentation for the Homeowners' Associations Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesRent and utilitiesDepreciation
  • Chart: Cost Structure Benchmarking – Sector vs Homeowners' Associations

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Homeowners' Associations Industry

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Homeowners' Associations Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Homeowners' Associations Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • Home Ownership Rate (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Assessments
  • Fees that residents pay to live in community associations.
  • Leasing Cooperative
  • The cooperative does not own the building or property.
  • Limited Equity Co-Ops
  • Limit the resale value of shares.
  • Market-Rate Cooperatives
  • When shareholders may buy and sell their shares at full market value.
  • Senior Housing Cooperatives
  • Housing communities designed for senior citizens.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s industry research report on Homeowners' Associations can be used to help you understand the industry’s market size, growth potential and major companies. Five-year forecasts provide insight into the industry’s prospects, so you can make decisions with confidence. This information is perfectly suited to informing your business plans, pitch books, benchmarking and SWOT analysis.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Homeowners' Associations:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Homeowners' Associations market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Homeowners' Associations, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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