Vision Magazine Summer 2022

Page 44

N E W D E V E L O P M E N T I N N O RT H E R N C A L I F O R N I A

HOW IS IT IMPACTING MARKET TRENDS?

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Vision Summer 2022 | cacm.org

There are more than 18,990 communities in NorCal with a 1.5% increase from 2020 to 2021. Building new community associations continued during the COVID-19 pandemic. The industry would need to add 150+ new managers across the state just to handle the new communities and additionally, replace the managers who retire, leave the industry, or move out of state.


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