Condo remodeling, by the numbers

By the numbers * Associations can range in size from two to more than 20,000 units. Some of the largest in the nation are in Valencia.* In 2007, there were 295,700 associations in the U.S. Those associations consisted of 23.8 million housing units.* More than 1.7 million people serve on association boards. Close to an additional 400,000 people participate as committee members.* In 1970, 2.1 million people lived in associations; by 2006, the figure was 57 million.* The estimated value of all association homes is close to $4 trillion.* Annual operating revenue for community associations tops $41 billion.Source: Community Assns. Institute, www.caionline.org-- Frank Nelson