69 Million Americans Reside in Community Associations, According to New Data Published by the Foundation for Community Association Research
August 22, 2017 — Falls Church, VA — Foundation for Community Association Research announces the release of the "Community Association Fact Book 2016," a comprehensive and authoritative compilation of data and analysis about the housing and residents in American community associations.
Community associations are the governing and management entities for residential communities established as condominiums, cooperatives, and planned communities. The Fact Book 2016, published annually since 2012, presents data on how common interest communities are populated, governed, managed, and operated. The Fact Book 2016 also provides detailed information about homeowners in community associations from national and state perspectives.
According to the Fact Book 2016, community associations continue to grow in number and stature in the U.S. In 2016, there were 342,000 active associations in this country, representing 69 million residents or 21.3 percent of the U.S. population, living in homes valued at $5.54 trillion. Individual state summaries provide detailed characteristics of community associations and their homeowners, including new Federal Emergency Management Agency (FEMA) data on condominium flood insurance coverage and flood claims. Additionally, the Fact Book 2016 includes updated data and new research that tracks ownership in these common interest communities, identifies trends in housing preferences, and measures the economic impact of the community associations housing market.
"Community Association Fact Book 2016" sections include: expanded analysis of older (age 55+) condominium owners; providing insight into the growing housing trend of "aging in place"; historical review of federal involvement in community associations over the last 100 years; and quantitative analysis of the economic contributions and value-added benefit of community associations. This new material demonstrates that community associations are not only desirable places to live, they are economic engines that contribute to state and local economies in the form of jobs, taxes and fee payments, home construction and renovation, and maintenance of home values.
"The Fact Book 2016 has long been the 'go-to' data resource for the millions of Americans living, working and following the community association housing model," said Thomas M. Skiba, CAE, CAI's chief executive officer. "It provides unique information and analysis about who lives in common interest communities and how their communities operate. Industry leaders and analysts rely on this publication, which is frequently shared with government officials, regulators, legislators, and policy-makers in the housing, mortgage, and community development industries. We are confident the next iteration of the Fact Book will stimulate new interest and research on community association trends."
The "Community Association Fact Book 2016" is compiled and edited by Clifford J. Treese, president of Association Data, Inc. in Mountain House, California. Treese, a well-known industry analyst and advocate, has served as president of both the Foundation for Community Association Research and Community Associations Institute.
Community Association Fact Book 2016, including the National & State Statistical Review and six other detailed sections, is available to read and download at https://foundation.caionline.org. It is published by the Foundation for Community Association Research and made available without charge or registration as a resource for industry members, affiliates, analysts, and advisors.
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About Community Associations Institute
Since 1973, Community Associations Institute (CAI) has been the leading provider of resources and information for homeowners, volunteer board leaders, professional managers, and business professionals in nearly 350,000 community associations, condominiums, and co-ops in the United States and millions of communities worldwide. With nearly 35,000 members, CAI works in partnership with 63 affiliated chapters within the U.S, Canada, United Arab Emirates, and South Africa, as well as with housing leaders in several other countries including Australia, Spain, Saudi Arabia, and the United Kingdom.
A global nonprofit 501(c)(6) organization, CAI is the foremost authority in community association management, governance, education, and advocacy. Our mission is to inspire professionalism, effective leadership, and responsible citizenship—ideals reflected in community associations that are preferred places to call home. Visit us at www.caionline.org and follow us on Twitter and Facebook @CAISocial.
About Foundation for Community Association Research
The Foundation for Community Association Research provides authoritative research and analysis on community association trends, issues and operations. Its mission is to inspire successful and sustainable communities. Founded in 1975, the foundation's work supports homeowner volunteer leaders and industry professionals who share a stake in the success of common-interest communities.