Community Association Demographics: In 1970, there were approximately 700,000 homes in 10,000 community associations. As part of a mid-1970 report, HUD projected that 50% of American homes would be living in community associations by the late 1980’s. Although premature, the HUD prediction was not that wrong. Today, it is estimated that 85-90% of all new for-sale housing is located in one of the three basic types of community associations. Somewhere between 40-60% of the CAs are contract managed by specialized community association management (CAM) companies while the other 40-60% are self-managed either solely by volunteers or with association-hired staff. Regardless of management structure, all associations are governed by a volunteer board of directors elected by the membership.
Quick Facts about Community Associations:
Phyllis Carpenter, CMCA, AMS, PCAM
President/Owner