Return to flip book view

HOA Delinquency Data

Page 1

<5% Delinquency Rate:5-10% Delinquency Rate: 11-20% Delinquency Rate:>20% Delinquency Rate:DEINUNCDAA (As of 09.01.2020)NATIONALAVERAGE37% 74%30% 20%23% 4%10% 2%HOA DELINQUENCY DATAUpdated 09.01.2020NAINA HO DAA32.40%HOAs with assessment increases over the last 10 years53%Homeowners living under an HOA351,000Estimated total HOAs in the US8,000Average new HOAs added every yearHow Does Your Management Company Stack Up?

Page 2

TO 1 MOT OPLAEDHO SATAlabamaAlaskaColoradoConnecticutDelawareDistrict of ColumbiaFloridaHawaiiIllinoisMarylandMassachusettsMinnesotaMissouriNevadaNew HampshireNew JerseyOregonPennsylvaniaPuerto RicoRhode IslandVermontWashingtonWest VirginiaFlorida*48,250CommunitiesCalifornia48,150CommunitiesTexas20,050CommunitiesGeorgia10,700CommunitiesIllinois*18,700CommunitiesNorth Carolina18,700Communities3Arizona9,625Communities1021Washington*10,450Communities98New York13,875Communities6Massachusetts*11,000Communities745*SUER IN TAESHOA Lien has priority over first-mortgage holder

Page 3

goodwintx.comHOCMUNISB ER50% of HOAs have INCREASEDtheir ASSESSMENTS40% of HOAs have REDUCED CONTRIBUTIONS to their reserve accounts39% of HOAs have REDUCED theirLANDSCAPING services38% of HOAs have DEFERRED MAINTENANCE of their common areas38% of HOAs have POSTPONED planned CAPITAL IMPROVEMENTS28% of HOAs have REDUCEDMANAGEMENT FEES22% of HOAs have REDUCED their reserve CASH BALANCE20% of HOAs have LEVIED a SPECIAL ASSESSMENTAssessment delinquency ratestripled between 2005 to 201170% of bank-backed mortgages areNOT ON TIME with their assessment payments (failure to pay when assessments are due)FALOT OF20 REESIN(Based on data collected in 2011)197019902010201836,000 HOAs29.6 million Residents822 Residents per Community10,000 HOAs2.1 million Residents210 Residents per Community347,000 HOAs73.5 million Residents212 Residents per Community311,000 HOAs62 million Residents199Residents per Community