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



Metropolitan Area Absorption Rates
Third Quarter 2004 - Table 18

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


                        (Privately-financed, nonsubsidized, unfurnished apartments)



                                     MSAs: San Francisco, CA and Oakland, 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           87        7.8         97        3.8         98        2.0         100       0.5
     Apr-Jun           90        8.2         100        +          100        +          100        +
     Jul-Sep            *         *           *         *           *         *           *         *
     Oct-Dec           64       11.3         81        7.4         90        6.8         93        7.3

2001 Jan-Mar            #         #           #         #           #         #          89       13.6
     Apr-Jun           69       12.8         87        8.1         94        3.7         100        +
     Jul-Sep           78        8.9         97        2.7         100        +          100        +
     Oct-Dec           60        4.8         74        6.2         85        1.3         93        0.6

2002 Jan-Mar            *         *           *         *           *         *           *         *
     Apr-Jun           75        7.1         91        6.2         100        +          100        +
     Jul-Sep           41        4.8         64        9.7         84        9.0         91        9.7
     Oct-Dec           51        3.1         85        6.0         96        1.2         100        +
 
2003 Jan-Mar           74        9.6         91        4.3         99        0.6         100        +
     Apr-Jun           72        3.4         85        1.4         91        1.2         96        1.2
     Jul-Sep            *         *           *         *           *         *           *         *
     Oct-Dec           77       10.2         89        5.7         100        +

2004 Jan-Mar            *         *           *         *
     Apr-Jun           68        1.1
     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