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Survey of Market Absorption of Apartments (SOMA)



Annual 2005 Absorptions:

Table 10. Absorption Rates for Unfurnished Apartments at 3, 6, 9 and 12 Months after Completion,
                 by Number of Bedrooms: 1970, 1975 to 2004

(Privately financed, nonsubsidized, unfurnished rental apartments in buildings with five units or 
 more.  Data regarding number of bedrooms and asking rent rent are collected at the initial interview;
 i.e., 3 months following completion. Details may not sum to totals because of rounding.)  

                                                3                                               3 
                     No        1       2     bedrooms                   No    1       2       bedrooms
         Total    bedrooms  bedroom bedrooms  or more    Total    bedrooms  bedroom bedrooms  or more

 Year                    3-month absorption rate                         6-month absorption rate

 2004       62       69       64       60       65          81       85       84       79       83
 2003       61       59       63       59       64          79       74       82       77       80
 2002       59       61       60       56       65          78       81       78       77       81
 2001       64       67       67       62       63          82       81       81       80       84
 2000       72       71       75       70       70          87       81       89       86       86

 1999       72       64       73       71       75          89       80       89       88       93
 1998       72       71       71       73       76          89       87       88       89       92
 1997       73       61       76       74       67          90       69       91       91       86
 1996       72       74       73       71       74          88       91       89       87       89
 1995       73       84       78       69       78          89       90       91       86       93

 1994       80       68       82       79       85          93       86       94       92       96
 1993       75       79       80       73       72          88       89       93       87       83
 1992       74       68       77       73       75          91       85       90       91       89
 1991       70       76       72       69       65          87       89       87       86       88
 1990       67       72       68       67       61          85       86       84       85       82

 1989       70       61       69       70       77          86       72       85       88       91
 1988       66       60       67       66       68          84       77       83       84       88
 1987       63       56       62       64       69          82       71       81       84       87
 1986       66       61       65       66       72          84       74       83       85       88
 1985       65       68       66       64       65          84       84       84       83       87

 1984       67       65       67       66       76          84       82       85       84       90
 1983       69       70       67       69       83          85       84       84       85       93
 1982       72       76       70       73       78          87       90       85       87       94
 1981       80       62       80       81       85          92       75       92       94       94
 1980       75       81       76       75       63          90       93       91       89       86

 1979       82       86       84       80       86          93       95       94       92       94
 1978       82       84       84       80       77          93       96       94       93       90
 1977       80       83       83       78       77          94       96       95       92       93
 1976       80       93       85       77       59          93       97       96       92       81
 1975       70       75       73       68       63          85       86       87       83       80

 1970       73       86       78       70       67          87       96       90       85       83

Table 10 continued

                                                3                                               3 
                     No        1       2     bedrooms                No        1       2      bedrooms
          Total  bedrooms  bedroom bedrooms  or more       Total  bedrooms  bedroom bedrooms  or more

 Year                    9-month absorption rate                   12-month absorption rate
 
 2004       90       94       92       87       91          94       97       95       92       95
 2003       87       81       89       86       88          93       88       95       92       91
 2002       88       87       88       87       91          93       93       93       93       94
 2001       91       90       90       89       92          95       94       94       95       97
 2000       94       87       95       94       94          97       91       98       97       97

 1999       95       85       96       95       97          98       90       98       97       99
 1998       95       90       94       95       97          98       91       97       98       98
 1997       95       76       97       96       93          97       81       99       99       94
 1996       95       95       96       94       96          98       98       98       97       99
 1995       94       92       96       93       97          97       93       98       97       98

 1994       97       96       97       96       99          98      100       99       97      100
 1993       94       93       97       94       90          96       95       98       96       91
 1992       96       94       96       96       96          98       95       98       98       99
 1991       93       94       94       93       95          97       98       97       96       98
 1990       93       94       93       94       89          96       97       96       97       93

 1989       93       78       92       94       96          96       83       96       97       98
 1988       91       89       90       92       95          95       93       94       96       97
 1987       90       82       89       91       93          94       86       93       95       94
 1986       92       82       92       92       95          96       89       95       96       98
 1985       92       91       92       91       95          95       94       95       95       97

 1984       92       91       92       91       96          96       96       96       95       97
 1983       92       91       92       93       97          96       96       95       96       99
 1982       93       94       92       94       96          96       95       96       96       97
 1981       96       78       95       98       97          97       79       97       99       98
 1980       95       97       95       96       93          98       99       97       98       97

 1979       97       98       98       97       98          99       99       99       98       99
 1978       97       99       98       97       94          99      100       99       98       97
 1977       97       99       98       96       97          99       99       99       98       99
 1976       97       98       99       96       90          99       99       99       99       95
 1975       92       92       94       91       89          95       95       97       95       92

 1970       93       98       95       91       90          96       99       97       95       95



Go to Annual 2005 Absorptions:
Contact George Boyd at 301-763-3199 or mail to george.t.boyd@census.gov for further information on the Survey of Market Absorption of Apartments Data.

Source: U.S. Census Bureau, Social, Economic, and Housing Statistics Division