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Survey of Market Absorption of Apartments (SOMA)
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Second Quarter 2004
Table 1. Absorption Rates of Privately Financed, Nonsubsidized,
Unfurnished Rental Apartments: 1998 to 2004
(Buildings with five units or more. Percents are computed using
unrounded data)
Seasonally
adjusted
Total percent
unfurnished absorbed
Quarter of apartment Standard within Standard
completion complete error* 3 months error*
2004
October-December
July-September
April-June
January-March\p 33,900 2,620 62 3.3
2003
October-December \r38,500 4,030 \r64 2.6
July-September \r42,500 3,820 56 2.6
April-June \r47,600 3,540 \r61 2.6
January-March 37,600 2,810 62 3.0
2002
October-December 47,700 4210 57 2.7
July-September 61700 3640 56 2.5
April-June 56800 4170 62 2.5
January-March 37900 2770 55 2.7
2001
October-December 47300.0 5,130 58 3.1
July-September 56,500 3,970 65 2.8
April-June 46,100 3,600 65 2.3
January-March 43,000 2,440 65 2.9
2000
October-December 54,100 2,920 67 2.3
July-September 65,700 3,670 73 1.9
April-June 56,700 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 77 2.2
January-March 45,200 3,090 76 2.0
Not seasonally adjusted--rented within--
Quarter 3 months 6 months
of Standard Standard
completion Percent error* Percent error*
2004
October-December\p
July-September
April-June
January-March 61 3.2 (NA) (NA)
2003
October-December \r58 2.5 78 2.8
July-September 59 2.7 74 2.8
April-June 65 2.8 \r85 1.5
January-March 60 3.1 79 2.4
2002
October-December 52 2.5 74 2.8
July-September 59 2.6 77 1.7
April-June 65 2.6 83 2.0
January-March 58 2.8 78 2.5
2001
October-December 55 3.0 76 2.1
July-September 68 2.9 82 1.8
April-June 67 2.4 84 1.7
January-March 63 2.9 85 1.6
2000
October-December 64 2.2 82 1.5
July-September 76 2.0 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
Not seasonally adjusted--rented within--
Quarter 9 months 12 months
of Standard Standard
completion Percent error* Percent error*
2004
October-December
July-September
April-June
January-March\p (NA) (NA) (NA) (NA)
2003
October-December (NA) (NA) (NA) (NA)
July-September 84 2.5 (NA) (NA)
April-June 91 1.2 96 0.6
January-March 87 2.3 94 1.4
2002
October-December 88 1.8 94 1.4
July-September 88 1.2 93 1.1
April-June 89 1.7 93 1.5
January-March 86 2.0 91 1.7
2001
October-December 87 1.7 92 1.2
July-September 91 1.1 96 0.6
April-June 92 1.1 97 0.5
January-March 93 1.1 96 0.7
2000
October-December 93 0.7 97 (Z)
July-September 94 0.8 97 0.5
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)
* 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 2004 Absorptions
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: November 15, 2004
