New Homes Being Built in HOA’s Continue to Rise

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Recently released data continue to show that more and more new homes are being built as part of a homeowner’s association.  Using data from the Census Bureau, the NAHB’s Eye on Housing reports that 60.7% of all homes started in 2017 were built within a community or homeowner’s association.  In fact, since 2011 over 50% of all homes built fall into this category.

The Census Bureau defines community or homeowner’s associations as “formal legal entities created to maintain common areas of a development and to enforce private deed restrictions; these organizations are usually created when the development is built, and membership is mandatory.”

Click here to read the full story on the NAHB’s Eye on Housing.

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Director of Education & Outreach, National Real Estate Investors Association

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