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Survey of Market Absorption of Apartments (SOMA)
SOMA Main Overview Upcoming Release Dates Previously Released Data Reports FAQ

Annual 2006 Absorptions:

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  Table 8.  Apartments Completed in Buildings With Five Units or More:  1970 to 2005

  

  (Details may not sum to totals because of rounding. Percents are computed using

  unrounded data)

  

  

                                                             Condominiums

                                                                 and

   Year    Total        Unfurnished         Furnished        cooperatives

  

                     Number    Percent Number    Percent  Number    Percent

    

   2005   258,000    113,000      44    5,300        2    81,900       32

   

   2004   285,500    153,800      54    4,400        2    61,400       22

   2003   261,400    166,500      64    2,200        1    41,100       16

   2002   288,100    204,100      71    3,100        1    37,400       13

   2001   281,000    193,100      69    4,500        2    45,700       16

   2000   300,000    226,200      75    2,900        1    36,100       12

  

   1999   291,800    225,900      77    7,700        3    34,200       12

   1998   273,900    209,900      77    3,000        1    34,500       13

   1997   247,100    189,200      77    3,000        1    35,800       15

   1996   251,300    191,300      76    2,400        1    36,900       15

   1995   212,400    155,000      73    1,600        1    36,400       17

  

   1994   154,900    104,000      67    1,100        1    34,400       22

   1993   124,800     77,200      62    2,700        2    32,000       26

   1992   155,200    110,200      71      700      (Z)    31,100       20

   1991   216,500    165,300      76    2,800        1    35,300       16

   1990   294,400    214,300      73    2,900        1    52,600       18

  

   1989   337,900    246,400      73    4,900        1    59,700       18

   1988   388,600    284,500      73    4,300        1    76,200       20

   1987   474,200    345,600      73    7,900        2    92,300       19

   1986   550,200    407,600      74   11,600        2   101,700       18

   1985   533,300    364,500      68    7,400        1   135,800       25

  

   1984   506,000    313,200      62    9,800        2   143,600       28

   1983   370,700    191,500      52    4,700        1   111,800       30

   1982   288,200    117,000      41    5,400        2   107,900       37

   1981   332,500    135,400      41    6,000        2   112,600       34

   1980   418,900    196,100      47    9,700        2   122,800       29

  

   1979   439,300    241,200      55   12,100        3    91,800       21

   1978   362,700    228,700      63   11,200        3    54,500       15

   1977   289,400    195,600      68   16,200        6    43,000       15

   1976   258,200    157,000      61   12,800        5    46,300       18

   1975   371,400    223,100      60   11,100        3    84,600       23

  

   1974   685,400    405,500      59   20,700        3   159,000       23

   1973   774,800    531,700      69   36,200        5    98,100       13

   1972   718,200    497,900      69   37,700        5    57,300        8

   1971   583,400    334,400      57   32,200        6    49,100        8

   1970   526,000    328,400      62   48,200        9    72,500       14

  

  

                      Subsidized and 

   Year                Tax Credit*             Other \1

  

                     Number    Percent      Number    Percent

  

   2005               44,000      17       13,900        5



   2004               55,100      19       10,700        4

   2003               40,000      15       11,500        4

   2002               32,100      11       11,500        4

   2001               26,700      10       11,100        4

   2000               24,400       8       10,500        3              



   1999               13,600       5       10,400        4

   1998               20,000       7        6,600        2

   1997               14,100       6        5,000        2

   1996               14,200       6        6,400        3

   1995               13,700       6        5,700        3

  

   1994               11,800       8        3,600        2

   1993                7,700       6        5,200        4

   1992                7,000       5        6,000        4

   1991                9,600       4        3,500        2

   1990               13,800       5       10,800        4

  

   1989               19,800       6        7,200        2

   1988               15,200       4        8,400        2

   1987               17,000       4       11,300        2

   1986               23,300       4        6,000        1

   1985               12,000       2       13,700        3

  

   1984               28,500       6       10,700        2

   1983               47,700      13       15,100        4

   1982               48,000      17       10,000        3

   1981               66,100      20       12,500        4

   1980               79,900      19       10,500        3

  

   1979               87,500      20        6,700        2

   1978               54,100      15       14,300        4

   1977               26,000       9        8,700        3

   1976               32,000      12       10,000        4

   1975               38,900      10       13,800        4

  

   1974               75,400      11       25,000        4

   1973               82,000      11       26,800        3

   1972               93,800      13       31,400        4

   1971              104,800      18       63,000       11

   1970               55,900      11       21,000        4

  

  \1 Other includes time-sharing units, continuing care retirement units, and turnkey 

     housing (privately built and sold to local public housing authorities subsequent 

     to completion.)

   Z Fewer than 50 units or less than one-half of 1 percent.

* Beginning with data in the second quarter of 2004, the category was expanded to include  

  units built under the Low Income Housing Tax Credit Program.