Housing Associations and Related Organizations in the US

Industry put on hold

Over the past few years, the number of communities governed by a housing association has risen dramatically, suggesting rapid growth in its popularity. As housing starts increase, so to will the number of community associations, but while the full affects of the subprime crisis are still to be played out, and both GDP and construction activity slow, housing starts are expected to struggle in the near term.

This industry comprises establishments primarily engaged in promoting the interests of their members. The industry excludes religious organizations, social advocacy organizations, civic and social organizations, business associations, professional organizations, labor unions, and political organizations. The industry includes such things as condominium or co-operative owners' associations (which may be engaged in property management), and homeowner's and condominium associations that do not provide property management. A homeowner association is comprised of two or more homeowners that belong to a mandatory membership organization for the maintenance of commonly-owned real estate and improvements. Organizations range in size from a simple duplex to developments with thousands of detached homes, condominiums and townhouses, which have marinas, golf courses and other recreational facilities to maintain. This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.