U.S. Department of Commerce

Survey of Market Absorption of Apartments (SOMA)



Second Quarter 2006

Table 4. Unfurnished Apartments Completed During the First Quarter
         of 2006 by Geographic Area

Not Seasonally Adjusted
(Privately financed, nonsubsidized, unfurnished, rental apartments
in buildings with five units or more.  Data regarding asking rent are
collected at the initial interview.  Details may not sum to totals
because of rounding.  Medians and percents are computed using
unrounded data)
                             Total
                            unfur-
                            nished
                            apart-                 Median       90%
                             ments      90%        asking    C.I.(+/-)*
                          completed   C.I.(+/-)*    rent     (dollars)

U.S. Total                   22,500      3,360    $1,013         68

Inside CBSA**                22,200      3,350    $1,022         66
Inside Principal 
  City of CBSA**             10,200      1,830    $1,047         99
Outside of Principal 
  City of CBSA               11,900      2,410      $993        103
Outside CBSA**                  400         30     <$750         97

Northeast                     1,000        250   $1,150+         87
Midwest                       2,400      1,170     <$750         88
South                        12,800      2,030      $953         52
West                          6,300      2,200   $1,150+         68


                                                  Percent
                           Percent      90%        rented       90%
                          of Total   C.I. (+/-)*   within     C.I. (+/-)*
                             Units   (Percentage       3     (Percentage
                          Completed   points)      months     points)
 
U.S. Total                      100       (X)          59       4.0

Inside CBSA**                    98        (Z)         59       4.1
Inside Principal 
  City of CBSA**                 45        5.8         53       4.2
Outside of Principal 
  City of CBSA                   53        5.9         63       5.8
Outside CBSA**                    2        (Z)        100       (Z)

Northeast                         4        1.2         57      13.9
Midwest                          11        4.6         55      16.3
South                            57        8.4         63       4.5
West                             28        7.2         54       6.6

* 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.       X Not Applicable
** Core Based Statistical Area
(Z) Fewer than 50 units or less than one-half of 1 percent.

Source:  U.S. Census Bureau, Survey of Market Absorption


Go to Detailed Tables for Second Quarter 2006 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