Community Association Market & FactsCommunity Associations
Community Associations Institute (CAI) estimates that in 1970 there were 10,000 community associations nationwide. In 2012 there were an estimated as 323,600 communities, 25.9 million housing units and 63.4 million residents in association governed communities nationally. A community association functions as a business, a governance structure, and a community. According to the U.S. Census Bureau, the American Housing Survey, and IRS Statistics of Income Reports, associations today are seeking prudence in business, justice in governance, and harmony in community to provide an enjoyable, vibrant lifestyle for homeowners and residents. An independent national survey of community association residents conducted in February 2012 by Ibope Zogby International affirmed that: The best aspects of living in a community association as rated by survey residents:
Economic Impact
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