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https://ipropertymanagement.com/research/hoa-statistics https://ipropertymanagement.com/research/hoa-statistics > 82.4% of new homes sold in 2023 were part of

https://ipropertymanagement.com/research/hoa-statistics https://ipropertymanagement.com/research/hoa-statistics > 82.4% of new homes sold in 2023 were part of HOA communities Not sure if this is AI-generated but this almost contradicts it on the same page (though it is constructed vs sold.) > 64.7% of newly constructed homes were part of HOA communities in 2023, down 2.1% year-over-year (YoY) > 77.1 million Americans live in HOAs, condominium communities, or cooperatives in 2024; this number represents 22.7% of the 2024 total U.S. population Of course, not everyone buys new homes. https://www.nahb.org/News-and-Economics/Housing-Economics/National-Statistics/New-and-Existing-Home-Sales-Reports https://www.nahb.org/News-and-Economics/Housing-Economics/Na... > Key Findings about the home buyers in the 2021 AHS: > 7% of home buyers purchased a new home

foobarian 2y ago
Interesting, wonder if new construction tends to be bulk construction on subdivided farmland and such, and there is some reason for HOAs to make sense there. Maybe it makes it cheaper to pay for landscaping and similar services which in turn makes more profit for the developer?
- plorkyeran 2y ago
  Existing municipalities tend to require HOAs for new subdivisions because it reduces the administrative overhead on their end. The services a HOA provides are mostly things which would otherwise have to be done by the city.
  - jerlam 2y ago
    Do you have examples of what HOAs provide for the city when it is composed of single family homes?
    - plorkyeran 2y ago
      Park and tree maintenance and stormwater drainage are the most common. Sometimes they also take care of things like road maintenance, garbage service, and street sweeping.
- pandaman 2y ago
  Around here the vast majority of new construction comes in shape of "A/B unit", a single lot with two SFHs. This is organized as a HOA of 2 members.

foobarian 2y ago

Interesting, wonder if new construction tends to be bulk construction on subdivided farmland and such, and there is some reason for HOAs to make sense there. Maybe it makes it cheaper to pay for landscaping and similar services which in turn makes more profit for the developer?

plorkyeran 2y ago
Existing municipalities tend to require HOAs for new subdivisions because it reduces the administrative overhead on their end. The services a HOA provides are mostly things which would otherwise have to be done by the city.
- jerlam 2y ago
  Do you have examples of what HOAs provide for the city when it is composed of single family homes?
  - plorkyeran 2y ago
    Park and tree maintenance and stormwater drainage are the most common. Sometimes they also take care of things like road maintenance, garbage service, and street sweeping.
pandaman 2y ago
Around here the vast majority of new construction comes in shape of "A/B unit", a single lot with two SFHs. This is organized as a HOA of 2 members.