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Survey of Market Absorption of Apartments (SOMA)
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Metropolitan Area Absorption Rates
Third Quarter 2004 - Table 9
SURVEY OF MARKET ABSORPTION
Estimates of Absorption Rates by Quarter of Completion
(Privately-financed, nonsubsidized, unfurnished apartments)
PMSA: Los Angeles-Long Beach, 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 88 3.0 99 + 99 + 100 +
Apr-Jun 100 + 100 + 100 + 100 +
Jul-Sep 88 9.5 92 8.3 98 2.2 99 0.5
Oct-Dec 62 2.7 80 2.4 96 1.3 99 0.6
2001 Jan-Mar # # 65 12.7 77 0.9 95 1.8
Apr-Jun 74 6.7 87 3.6 93 0.6 98 0.6
Jul-Sep 59 4.6 84 4.8 96 1.6 100 +
Oct-Dec 81 2.6 89 1.9 95 0.6 95 2.8
2002 Jan-Mar # # 72 10.2 94 4.9 91 0.9
Apr-Jun 67 11.9 73 11.9 84 7.4 93 3.2
Jul-Sep 92 5.5 96 5.6 100 + 100 +
Oct-Dec # # # # 95 3.7 97 2.7
2003 Jan-Mar 47 10.7 70 9.5 75 7.6 81 4.8
Apr-Jun 82 7.4 90 5.6 95 1.3 97 0.8
Jul-Sep 55 11.1 72 10.9 79 10.5 89 9.3
Oct-Dec 65 7.8 81 7.7 84 12.0
2004 Jan-Mar \r86 12.7 92 5.7
Apr-Jun 61 11.1
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
