Community Trends - May 2025

MANAGEMENT TRENDS... from page 32.

ing permits for new homes have been issued for homes in planned communities, such as condominiums, townhouses or homeowners’ associations. Further, it is projected that by the end of 2025, over 373,000 community associations will exist in the country, up from 369,000 at the beginning of the year. Looking Ahead: Strategic Planning for 2025 and Beyond So, perhaps as one of your association leaders, you are dialed into the preferences of your current homeowners. Will any of those factors change as we move into 2025 and beyond? Housing trends in 2025 are forecast to increase in activity due to increasing inventory, stabilized mortgage rates and sale prices staying comparatively steady (projected by the NAHB to be at about a 2% increase in the coming year). In a very real sense, as homeowners choose to relocate, your community should consider maintaining its competitive edge in order to maintain (or even enhance) home values by thinking and acting strategically when planning your path forward.

The Growth of Community Association Living The choices for home buyers continue to grow, providing the opportunity for them to closely dial in to their personal preferences. According to the National Association of Home Builders (NAHB), community association living is a continually growing sector of home ownership in the US, with over 77.1 million people living in 369,000 communi ties across the country (accounting for over 33% of housing stock). And this number is forecast to continue to grow in the coming years. In fact, since 2017 over 60% of build

“...your community should consider maintaining its competitive edge in order to maintain (or even enhance) home values...”

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MAY 2025