U.S. Department of Commerce

Survey of Market Absorption of Apartments (SOMA)



Second Quarter 2001

Table 1. Absorption Rates of Privately Financed, Nonsubsidized,
         Unfurnished Rental Apartments: 1995 to 2001
(Buildings with five units or more. Percents are computed using 
unrounded data)
                                             Seasonally
                                               adjusted
                        Total                   percent
                   unfurnished                 absorbed
   Quarter of       apartments   Standard        within    Standard
   completion        completed     error*       3 months     error*

           2001
January-March\p        43,500       2,970            66         3.0

           2000
October-December     \r54,100       3,160          \r67         2.2
July-September       \r65,800       3,790            73         2.0
April-June           \r56,700       3,560            73         2.7
January-March          49,700       3,450            73         2.0

           1999
October-December       58,300       3,400            73         1.6
July-September         65,200       3,580            72         1.7
April-June             55,700       4,290            71         2.2
January-March          46,700       4,450            71         3.3

           1998
October-December       48,800       3,350            73         2.6
July-September         60,900       5,310            72         3.3
April-June             54,900       2,980            70         2.2
January-March          45,200       3,090            76         2.0

           1997
October-December       55,200       3,810            72         2.7
July-September         51,400       3,880            73         2.6
April-June             44,200       4,090            77         1.4
January-March          38,400       2,530            72         2.7

           1996
October-December       43,200       4,320            70         2.8
July-September         53,700       2,850            71         2.5
April-June             50,700       4,070            72         2.7
January-March          43,700       2,990            75         4.4

      1995
October-December       45,600       3,200            76         3.3
July-September         48,000       2,290            72         2.3
April-June             35,900       2,360            75         4.1
January-March          25,500       2,270            66         5.8


                    Not seasonally adjusted--rented within--

    Quarter                3 months                  6 months
       of                        Standard                  Standard
   completion         Percent      error*       Percent      error*

           2001
January-March\p            64         2.9           (NA)       (NA)

           2000
October-December         \r64         2.1            82         1.6
July-September             76         2.1            87         1.5
April-June                 75         2.8            90         1.0
January-March              71         1.9            89         1.2

           1999
October-December           70         1.5            88         1.0
July-September             75         1.8            89         0.8
April-June                 73         2.3            88         1.5
January-March              70         3.2            88         2.0

           1998
October-December           70         2.5            88         1.4
July-September             74         3.4            87         2.5
April-June                 72         2.3            89         2.1
January-March              74         1.9            92         1.0

           1997
October-December           69         2.6            88         1.8
July-September             76         2.7            90         2.3
April-June                 80         1.4            94         0.6
January-March              69         3.2            86         3.4

           1996
October-December           68         3.7            87         2.5
July-September             74         3.0            90         2.2
April-June                 72         2.6            87         2.6
January-March              73         4.2            88         2.9

      1995
October-December           74         3.1            88         2.3
July-September             76         2.4            89         2.2
April-June                 77         4.2            89         3.5
January-March              63         5.5            89         3.3


                    Not seasonally adjusted--rented within--

    Quarter                9 months                 12 months
       of                        Standard                  Standard
   completion         Percent      error*       Percent      error*

           2001
January-March\p           (NA)       (NA)           (NA)       (NA)

           2000
October-December          (NA)       (NA)           (NA)       (NA)
July-September             93         1.0           (NA)       (NA)
April-June                 95         0.8            97         (Z)
January-March              95         0.8            98         0.5

           1999
October-December           96         0.5            98         (Z)
July-September             96         (Z)            99         (Z)
April-June                 94         1.4            97         0.6
January-March              95         0.9            97         0.7


           1998
October-December           95         1.1            97         0.8
July-September             93         1.9            96         1.5
April-June                 94         1.4            98         (Z)
January-March              97         (Z)            99         (Z)

           1997
October-December           96         0.7            98         (Z)
July-September             94         2.3            96         2.3
April-June                 98         (Z)            99         (Z)
January-March              93         3.1            95         3.2

           1996
October-December           96         1.4            99         1.0
July-September             95         1.7            98         0.5
April-June                 93         2.0            96         1.5
January-March              97         0.6            99         (Z)

      1995
October-December           96         1.3            98         1.2
July-September             93         2.1            98         0.8
April-June                 92         3.3            94         3.1
January-March              94         3.2            99         0.2


* One standard error (68-percent confidence interval)
NA Not available.  p Preliminary.  r Revised.
Z Fewer than 50 units or less than one-half of 1 percent.


Go to Detailed Tables for Second Quarter 2001 Absorptions
Contact George Boyd at 301-763-3199 or mail to george.t.boyd@census.gov for further information on the Survey of Market Absorption of Apartments Data.

Source: U.S. Census Bureau, Social, Economic, and Housing Statistics Division
Last Revised: September 30, 2011