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Community Associations
CAI estimates that in 1970 there were 10,000 community associations nationwide. Today, there are an estimated 286,000 community associations in the United States, providing 23.1 million housing units. Community associations function as a business, a governance structure, and a community. Traditionally, business meant austerity; governance meant compliance; and community meant conformity. Associations today are seeking prudence in business, justice in governance, and harmony in community to provide an enjoyable, vibrant lifestyle for homeowners and residents.
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Close to four (4) out of five (5) housing starts since 2000 have been in association-governed communities.
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In the largest metropolitan areas, more than 50 percent of new home sales are in community associations.
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Community associations can range in size from as small as a two-unit associations to large-scale, master planned communities with more than 30,000 units.
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More than 1.7 million people serve on community association governing boards, with almost 400,000 more involved as committee members.
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Community associations have become increasingly popular because they help protect home values, provide affordable ownership opportunities, help meet the increased privatization of services as local governments cut back, and are efficient land planning, land use, and land conservation techniques.
Economic Impact
The value of homes in all community associations is estimated at $4 trillion. The estimated annual operating revenue for U.S. community associations is more than $41 billion.
Washington Metropolitan Area Market Data
The Washington metropolitan region is vibrant and growing. According to U.S. Census Bureau estimates, nearly all of the regions that WMCCAI considers to be the Washington metropolitan area have increased. The region consists of the District of Columbia as well as the counties and independent cities that surround the District. According to estimates, the total population in the geographic regions served by WMCCAI is 6,016,280, representing a growth in population of 64,196 over the last year.
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