U.S. Census Bureau
 Survey of Market Absorption of Apartments (SOMA)



Metropolitan Area Absorption Rates
Third Quarter 2004 - Table 13

                           
                                    SURVEY OF MARKET ABSORPTION
                     Estimates of  Absorption Rates by Quarter of Completion


                     (Privately-financed, nonsubsidized, unfurnished apartments)



                                      PMSA: Orange County, CA

                                       Percent absorbed in --

                            3 months            6 months               9 months              12 months

Quarter of                       90%                   90%                   90%                   90%
completion           Percent  C.I.(+/-)2/  Percent  C.I.(+/-)2/  Percent  C.I.(+/-)2/  Percent  C.I.(+/-)2/

2000 Jan-Mar            -        -           -         -           -         -           -         -
     Apr-Jun            *        *           *         *           *         *           *         *
     Jul-Sep           91       4.6         95        2.6         99        0.9         100        +
     Oct-Dec            *        *           *         *           *         *           *         *
  
2001 Jan-Mar            *        *           *         *           *         *           *         *
     Apr-Jun           78       5.8         87        3.3         89        3.5         99         +
     Jul-Sep           74       3.4         90        2.8         95        2.0         99        0.9
     Oct-Dec           58       5.9         75        3.6         91        5.0         99        1.2

2002 Jan-Mar            *        *           *         *           *         *           *         *
     Apr-Jun            *        *           *         *           *         *           *         *
     Jul-Sep            -        -           -         -           -         -           -         -
     Oct-Dec            *        *           *         *           *         *           *         *
 
2003 Jan-Mar            *        *           *         *           *         *           *         *
     Apr-Jun            *        *           *         *           *         *          100        +
     Jul-Sep           67        +          80        2.2         92        0.7         95        0.5
     Oct-Dec           46       8.2         82        6.1         93       10.1

2004 Jan-Mar           69       7.4         93        2.4
     Apr-Jun           83       7.2
     Jul-Sep
     Oct-Dec



2/A 90-percent confidence interval is a measure of an estimate's variability.  The larger the confidence interval
    in relation to the size of the estimate, the less reliable the estimate.
r = Revised
* = Data suppressed to avoid disclosure
+ = Estimated to be less than one half of one percent OR cannot be estimated
- = No activity
# = Withheld because the estimate did not meet publication standards because of the associated standard error



Go to Metropolitan Area Absorption Rates - Third Quarter 2004
Contact Alan Friedman at 301-763-3199 or mail to alan.friedman@census.gov for further information on the Survey of Market Absorption of Apartments Data.

Source: U.S. Census Bureau, Housing and Household Economic Statistics Division
Last Revised: March 11, 2005