Homeowners' Associations in the US - Industry Market Research Report

Hearth and home: A gradual recovery in employment and disposable income will drive industry revenue growth

The Homeowners' Associations industry comprises housing management organizations that deliver governance, community, and business services to their residents. This industry also includes, to a lesser extent, regulatory athletic associations and sports governing bodies. Over the past five years, industry revenue will grow at a CAGR of 1.4% to $38.0 billion, including a 1.2% decline in 2023 alone. Industry revenue has benefited from growth in per capita disposable income, memberships and the number of housing starts. This estimate does include a decrease in industry revenue due to the COVID-19 (coronavirus) pandemic in 2020. The economic effects associated with the pandemic will result in a loss in assessment fee revenue from financially struggling residents and an increase in foreclosures. However, industry revenue recovered in 2021 as the pandemic subsided.

This industry primarily consists of homeowners’ associations. A homeowners’ association is a legal entity created for the purpose of developing, managing, selling or administering a community of homes. It is given the authority to enforce the community’s covenants, conditions and restrictions, and to manage its common amenities. This industry also consists of regulatory athletic associations, sports governing bodies and sports leagues (regulating bodies).

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's key players and their market shares.