Community Association Management White Paper Illustrates Profession Steady Despite Economic Downturn

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97 Percent of Certified Community Association Managers Working Full-Time

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We were pleased by the survey results that indicate of the 10,000 CMCAs nationally, only 3 percent are not working full-time in the profession. The community association management profession has remained extremely strong and stable despite the recession.

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While many businesses, organizations and professions have taken significant financial hits amidst one of the United State’s worst modern economic downturns, the community association management profession has continued to prosper.

According to findings in a white paper put out by the National Board of Certification for Community Association Managers (NBC-CAM) entitled “The 2011 State of the Community Management Profession,” 97 percent of the estimated 10,000 Certified Managers of Community Associations® (CMCAs) are working full-time in the profession.

To put these numbers in perspective, America’s overall unemployment rate as measured by Gallup increased to 9.6 percent by the end of 2010. When the percentage of part-time workers wanting full-time work is included, the underemployment rate in America was at 19 percent at the end of 2010. However, only 1.2 percent of CMCAs reported being underemployed and 2.3 percent unemployed.

“We were very pleased by the survey results that indicate of the 10,000 CMCAs nationally, only 3 percent are not working full-time in the profession. The community association management profession has remained extremely strong and stable despite the recession,” said NBC-CAM executive director Dawn Bauman.

While the 2011 employment outlook for the community association management profession is strong, more than half of the nation’s estimated 310,000 homeowner’s associations (HOAs) are undergoing financial strain due to the foreclosure crisis and the related economic downturn, according to a recent survey conducted by the Community Associations Institute (CAI).

In a survey of 1,500 Community Association Institution (CAI) members done in September 2010, 54 percent of community managers said their associations face problems that are either “serious” or “severe” due to struggling labor markets.

Many residents in HOAs have been victims of America’s poor economic conditions. A growing number of residents have been unable to pay for their housing. High vacancy rates and foreclosures have continued to be problematic homeowners and for their community managers, creating a unique set of challenges for CMCAs across the nation.

“Managing a community association is like running a business,” says Robert Felix, NBC-CAM Chair and senior vice president of Rossmar Graham Management in Mesa, Arizona. “Many communities have learned the hard way that they need to entrust their management to a CMCA, especially during challenging times.”

As economic indicators point to improvements in the economy, according to Bauman, the supply of community association managers could be strained.

“It’s possible that as the economy improves, we may experience a shortage of community association managers. Nearly a third of managers are over 55 and nearly a quarter have been on the job more than 15 years. The incentive to retire improves as the economy improves and this could lead to many of the more senior CMCAs to retire,” said Bauman.

To download the full version of the free white paper, visit http://www.nbccam.org/about/state_industry2011.pdf

NBC-CAM is a 15-year-old independent board that develops certification and standards for community association managers. We administer the CMCA examination, a rigorous, three-hour test that measures managers’ knowledge of community management best practices. Passing the CMCA examination and maintaining the standards of the CMCA certification is proof that a manager is a knowledgeable, ethical and professional. CMCA-certified managers have the skills to safeguard the assets of homeowners’ associations, giving homeowners peace of mind and protecting home values. For more information, visit http://www.nbccam.org.

Contact:
Dawn M. Bauman, CAE
703.970.9235
Dbauman(at)nbccam(dot)org

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Dawn M. Bauman
NBC-CAM
703.970.9235
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