
Homeowner Associations
Description
Brief Excerpt from Industry Overview Chapter:Organizations in this industry create and enforce restrictions on what homeowners can do with their property to maintain property values and the look and feel of a particular community. No major organizations dominate the industry.COMPETITIVE LANDSCAPEDemand is driven by construction of communities in which homeowners want to sustain property values through covenants, conditions, and restrictions. The viability of individual associations depends on efficient fee collections and cost controls. Larger associations may enjoy some economies of scale in contracting for services. The US industry is fragmented, the 50 largest companies account for about 30% of the industry's revenue.PRODUCTS, OPERATIONS & TECHNOLOGYHomeowner associations (HOAs), which include condominium and co-op associations, provide services to homeowner members and enforce the covenants, conditions, and restrictions that members agree to when they buy a home in a condominium complex or single-family housing development. Restrictions may govern such things as home additions or reconstruction, fencing, landscaping, signs, pet ownership, and commercial use of property. Some associations have restrictions on home rental or resale. HOAs get the majority of their revenue sources from condominium and homeowner's association membership services about 60%, followed by program service revenue of about 20%.
Table of Contents
- Industry Overview
- Quarterly Industry Update
- Business Challenges
- Business Trends
- Industry Opportunities
- Call Preparation Questions
- Financial Information
- Industry Forecast
- Web Links and Acronyms
Search Inside Report
Pricing
Currency Rates
Questions or Comments?
Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.