Thursday, August 6, 2015

Texas Ranks Third in Number of HOAs

The number of community associations in the United States grew from 10,000 in 1970 and 222,500 in 2000 to 333,600 in 2014, according to a new report published by Community Association Institute (CAI). While final 2015 data is not yet available, CAI estimates the year will end with between 336,000 and 338,000 associations.

An estimated 66.7 million Americans—20.7 percent of the U.S. population in 2014—lived in common-interest communities, including homeowners associations, condominium communities and cooperatives, according to CAI’s National and State Statistical Review for 2014. Homeowners associations account for 51 to 55 percent of the 333,600 associations, with condominiums representing 42 to 45 percent and cooperatives 3 to 4 percent.
To read more about CAI's facts about associations, click here. 

CMA manages more than 200 of the premier community associations in Texas.  

TOP TEN STATES, 2014


Associations
Residents
Florida
47,100
7.9 million
California
43,300
7.2 million
Texas
19,400
3.2 million
Illinois
18, 250
3.0 million
North Carolina
13,600
2.3 million
New York
13,400
2.2 million
Massachusetts
12,000
2.0 million
Georgia
10,200
1.7 million
Washington state
10,200
1.7 million
Arizona
9,250
1.5 million