Housing market: Experts project another year of growth for condos and HOAs

Housing market: Experts project another year of growth for condos and HOAs

Projections from the Foundation for Community Association Research, an affiliate of Community Associations Institute, estimate 3,000 to 4,000 new condominium communities and homeowners associations will be built in 2025. Community associations — including homeowners associations, condominiums, and housing cooperatives — currently house 77.1 million Americans and comprise 30% to 33% of the U.S. housing market. 

New communities: Condominiums, homeowners associations to see continued growth in 2024

New communities: Condominiums, homeowners associations to see continued growth in 2024

Since the 1970s, community associations have been a popular housing choice for people around the world—and the number of new condominium communities and homeowners associations is expected to increase by more than 3,000 in 2024, according to projections by the Foundation for Community Association Research, an affiliate organization of Community Associations Institute (CAI). 

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