Condominiums, Homeowners Associations to See Continued Growth in 2024
Falls Church, VA, Jan. 23, 2024 (GLOBE NEWSWIRE) -- The number of new condominium communities and homeowners associations is expected to increase by more than 3,000 in 2024, according to projections by the Foundation for Community Association Research , an affiliate organization of Community Associations Institute (CAI), the leading international advocate for condominiums, homeowners associations, and housing cooperatives.
- Falls Church, VA, Jan. 23, 2024 (GLOBE NEWSWIRE) -- The number of new condominium communities and homeowners associations is expected to increase by more than 3,000 in 2024, according to projections by the Foundation for Community Association Research , an affiliate organization of Community Associations Institute (CAI), the leading international advocate for condominiums, homeowners associations, and housing cooperatives.
- Community associations, also known as homeowners associations, condominiums, and housing cooperatives, are home to 75.5 million Americans and represent more than 30% of the U.S. housing stock, according to the Foundation’s U.S. National and State Statistical Review for Community Association Data .
- The Foundation estimates the number of U.S. community associations will grow from 365,000 to as many as 370,000.
- The 2022 Homeowner Satisfaction Survey , a biennial, nationwide report conducted by Zogby Analytics on behalf of the Foundation, provides a valuable snapshot of how homeowners feel about condominium and homeowners associations.