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Survey of Market Absorption of Apartments (SOMA)



Annual 2005 Absorptions:

Table 12. Absorption Rates for Unfurnished Apartments at 3, 6, 9, and 12 Months after Completion, by
           Region: 1970, 1975-2004
(Privately financed, nonsubsidized, unfurnished rental apartments in buildings with five units or more)

Year      Total   Northeast  Midwest  South     West       Total  Northeast  Midwest   South    West

                        3-Month Absorption Rate                          6-Month Absorption Rate

 2004       62       75        59       60       65          81       83       79       81       83
 2003       61       72        62       56       63          79       85       79       77       80
 2002       59       51        69       57       58          78       84       87       77       73
 2001       64       83        67       60       64          82       94       84       80       81
 2000       72       85        76       67       77          87       91       87       85       91   

 1999       72       85        73       69       74          89       96       88       86       92
 1998       72       77        74       69       77          89       95       88       88       91
 1997       73       55        81       72       72          90       69       95       90       89
 1996       72       61        77       69       75          88       71       90       87       91
 1995       73       74        75       72       73          89       83       90       90       86

 1994       80       96        78       78       85          93       99       91       93       94
 1993       75       37        81       76       73          88       64       93       88       86
 1992       74       75        80       72       70          91       91       92       91       87
 1991       70       83        78       65       68          87       92       90       84       86
 1990       67       66        75       64       65          85       85       87       81       87

 1989       70       74        75       67       69          86       90       86       84       88
 1988       66       52        73       58       69          84       73       86       79       87
 1987       63       73        65       59       64          82       85       80       79       86
 1986       66       70        70       62       67          84       85       84       81       86
 1985       65       68        73       59       68          84       82       86       81       86

 1984       67       64        79       63       70          84       77       94       82       87
 1983       69       73        86       63       69          85       83       94       81       88
 1982       72       74        79       70       72          87       89       90       85       87
 1981       80       85        86       78       75          92       94       94       92       91
 1980       75       77        77       74       75          90       88       91       90       89

 1979       82       87        82       82       81          93       96       93       93       93
 1978       82       88        84       81       81          93       97       93       93       94
 1977       80       74        81       81       80          94       88       95       93       95
 1976       80       85        76       81       84          93       94       93       92       95
 1975       70       63        74       68       73          85       77       88       83       90

 1970       73       79        74       73       71          87       90       87       86       87


Table 12 continued

Year      Total   Northeast  Midwest  South     West       Total  Northeast  Midwest   South    West

                        9-Month Absorption Rate                          12-Month Absorption Rate

 2004       90       87        87       90       91          94       88       92       95       95
 2003       87       88        85       87       89          93       91       90       95       95
 2002       88       88        93       88       85          93       96       96       94       90
 2001       91       96        92       90       90          95       98       96       95       95
 2000       94       93        93       94       96          97       95       97       97       98

 1999       95       98        95       94       97          98       99       97       97       99
 1998       95       98        93       95       96          98      100       96       98       98
 1997       95       82        97       95       96          97       83      100       97       98
 1996       95       98        94       94       97          98      100       97       98       99
 1995       94       90        95       96       91          97       93       96       99       96

 1994       97      100        95       97       97          98      100       96       99       98
 1993       94       93        97       93       92          96       98       99       95       94
 1992       96       97        97       96       94          98       98       99       98       97
 1991       93       95        94       92       94          97       97       97       96       97
 1990       93       91        94       91       94          96       92       97       95       97

 1989       93       94        91       92       95          96       97       95       96       97
 1988       91       88        91       90       93          95       93       94       95       95
 1987       90       90        86       88       93          94       93       92       93       96
 1986       92       92        92       91       93          96       95       95       95       96
 1985       92       86        93       90       94          95       88       97       94       97

 1984       92       81        98       90       94          96       82       99       94       98
 1983       92       86        97       91       94          96       87       98       95       96
 1982       93       93        95       92       94          96       96       97       95       97
 1981       96       98        97       95       96          97       98       98       97       97
 1980       95       94        97       96       94          98       97       99       98       97

 1979       97       99        97       97       97          99       99       98       99       99
 1978       97      100        97       97       98          99      100       98       98       99
 1977       97       95        97       97       98          99       98       98       99       99
 1976       97       97        97       96       98          99       99       99       98       99
 1975       92       85        93       91       95          95       90       97       95       97

 1970       93       94        93       92       94          96       97       96       95       97



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