SOC Methodology - April 2001: Old versus New Methodology
|
| Component |
Old Method |
New Method |
|
All Series
|
| Maximum number of months
that permits are tracked for
estimation. |
84 months. |
60 months. |
| Grouping1
of permit months. |
84 individual months. |
First 12 months are individual.
Months 13-18 and 19-60 are
collapsed into two groups1. |
| Adjusting for late reports,
undercoverage, and
nonresponse. |
Uses moving averages and fixed
ratios to calculate factors. |
Computes more up-to-date
factors. Tests for and adjusts
extreme factors. Adjusts for
construction activity between
60 and 84 months. |
| Single family units |
| Percent adjustment for
construction in permit areas
without a permit. |
3.3% boost. |
None |
| Geographic grouping1 |
Grouped1 by metropolitan and
non-metropolitan areas in each
of the four Census regions. |
Grouped1 only by the four
Census regions. |
| Two-unit structures |
| Geographic grouping1 |
US Total two-unit structures. |
Grouped1 by the four Census
regions for all structures with
two or more units. |
| Three & four unit structures |
| Geographic grouping1 |
US Total 3-4 unit structures. |
Grouped1 by the four Census
regions for all structures with
two or more units. |
| Five or more unit structures |
| Geographic grouping1 |
Grouped1 by the four Census
regions for all structures with
five or more units. |
Grouped1 by the four Census
regions for all structures with
two or more units. |