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Survey of Market Absorption of Apartments (SOMA)
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Metropolitan Area Absorption Rates
Third Quarter 2004 - Table 3
SURVEY OF MARKET ABSORPTION
Estimates of Absorption Rates by Quarter of Completion
(Privately-financed, nonsubsidized, unfurnished apartments)
MSA: Charlotte-Gastonia-Rock Hill, NC-SC
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 23 3.8 64 2.6 91 5.5 98 2.1
Apr-Jun 57 2.0 88 2.6 96 0.7 98 0.7
Jul-Sep 48 10.4 73 6.1 92 2.1 98 0.5
Oct-Dec 38 8.4 71 7.9 86 3.8 93 2.1
2001 Jan-Mar 39 6.5 72 4.9 83 4.1 88 2.1
Apr-Jun 54 9.8 79 1.7 87 1.8 91 1.6
Jul-Sep 56 2.7 74 3.3 87 4.3 96 +
Oct-Dec 35 7.8 57 6.5 78 6.8 87 4.2
2002 Jan-Mar 43 7.2 59 11.7 68 14.1 70 14.7
Apr-Jun 78 13.9 82 14.7 72 11.1 82 13.4
Jul-Sep 72 3.4 82 1.4 91 1.5 96 0.9
Oct-Dec 34 4.9 60 4.9 76 0.6 84 0.5
2003 Jan-Mar 55 + 82 + 99 0.8 97 0.8
Apr-Jun 74 6.7 99 0.6 100 + 100 +
Jul-Sep 36 7.0 61 12.7 61 10.5 87 7.9
Oct-Dec 47 7.0 62 4.6 85 4.1
2004 Jan-Mar * * * *
Apr-Jun 87 6.7
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
