Should Americans put faith in CAI’s claim that the “overwhelming majority” of HOA residents are satisfied? By Deborah Goonan, Independent American Communities From time to time, Community Associations Institute (CAI), issues news releases and email blasts, claiming that “objective” surveys prove the majority of Americans who reside in homeowners,’ condominium, and cooperative associations are “overwhelmingly satisfied” with their community association experience. Naturally, the community management sector of the real estate industry desperately wants policymakers and housing Continue ReadingDo HOA industry surveys prove HOA residents are satisfied?
By Deborah Goonan, Independent American Communities It’s that time of year again. Below are highlights and analysis of the U.S. Census Survey of Construction statistics (Figures for 2016). SOURCE: Highlights of Annual 2016 Characteristics of New Housing A total of 561,000 single-family homes were sold in 2016. Of all homes sold, 498,000 were detached homes and 63,000 (11%) were attached homes (townhouses). 411,000, or 73%, were in a community with a homeowners’ association. Continue ReadingMarket share of new home sales in HOAs remains flat for 2016
By Deborah A Goonan, Independent American Communities How many times have we heard representatives from HOA industry trade groups utter the words, “Homeowner Associations are not going away?” But that, dear readers, is nothing more than wishful thinking. Let’s start with the facts. The construction industry is building fewer new HOA homes and condos As explained in a previous post (Are homeowners, condo associations in a period of market decline?), the rate of new Continue ReadingReality check: HOA managers face decline of their industry, like it or not
By Deborah Goonan, Independent American Communities It’s been a busy summer for reports of waste, abuse, and corruption in Association-Governed Housing. Here at IAC, there are hundreds of documented examples of outrageous rule enforcement, abuse of HOA power to fine and foreclose, corrupt collection companies, negligent developers, dying golf courses and resort communities, crumbling roads and manmade lakes that have turned into mud puddles, embezzlement, theft, and fraud. And at the same time, FHA and Continue ReadingAmidst negative public opinion, pace of new construction of HOAs, condos slowing down
By Deborah Goonan, Independent American Communities Do you live in a Large Scale Association (LSA) or know someone who does? Community Associations Institute defines a Large Scale Association as a “community providing municipal type services with a minimum of 1,000 units or minimum of 1,000 acres and a minimum of $2 million operating budget,” and estimates there are 6000-9000 LSAs in the U.S. Think Active Adult communities, Master Planned communities, and small town sized subdivisions Continue ReadingWhat do we know about Large Scale Associations?