Issue link: https://www.cominghomemag.com/i/1252341
RECESSION 2008 Communities: Housing Residents: In 2008, the nosedive. The in many foreclosures poor economic housing. This and additional drastically. association service professionals required to collection and foreclosed properties. Debra A. Warren, PCAM®, CCAM®, CMCA®, is Vice President of Development for Associa. Since joining the Associa family in 2012, she has held positions on the operations team supervising branches on the West Coast and Canada, as well as contributing in the areas of client relations and community manager education. She currently oversees all employee enrichment and leadership development programs. Her career in community association management spans over 25 years, including 15 years of experience as a management firm principal and CEO. She is a nationally recognized expert in association management operations, specializing in education, communication, and customer service. CONSOLIDATION 2006 Statistics Communities: 286,000 Housing Units: 23.1 million Residents: 57 million This period marked a wave of mergers and acquisitions across all industries. While software powerhouses made the biggest M&A transactions, there was also an expansion in retail, food, and banking. So it's no surprise that during this time, significant consolidation of single-owner management companies occurred. In fact, Associa acquired 34 community management firms in 16 states across the U.S. START 2000 Statistics Communities: 222,500 Housing Units: 17.8 million Residents: 45.2 million In the year 2000, homeownership was on the rise, and HOAs were booming. Millions of people lived in managed communities. Local, single-owner companies and a few regional players comprised most of HOA management. 2 0 0 0 2 0 0 1 - 2 0 0 7 2 0 0 8 26