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Survey of Market Absorption of Apartments (SOMA)



Second Quarter 1997

Table 1. Absorption Rates of Privately Financed, Nonsubsidized,
         Unfurnished Apartments Completed:  1991 to 1997


                                             Seasonally
                                               adjusted
                        Total                   percent
                   unfurnished                 absorbed
   Quarter of       apartments   Standard        within    Standard
   completion        completed     error*       3 months     error*

           1997
January-March\p        37,600       2,520            74         2.7

           1996
October-December     \r43,200       4,320          \r71         2.8
July-September         53,700       2,840            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

      1994
October-December       35,500       2,730            76         2.5
July-September         29,500       2,540            82         2.3
April-June             24,700       2,610            82         3.0
January-March          14,300       1,560            84         1.5

      1993
October-December       16,900       2,450            73         4.0
July-September         22,100       2,660            76         5.8
April-June             20,500       2,010            75         3.9
January-March          17,600       2,630            75         8.5

      1992
October-December       28,800       2,370            76         2.7
July-September         32,000       2,740            75         1.9
April-June             27,400       3,000            71         2.5
January-March          22,100       2,140            73         2.3

      1991
October-December       26,400       2,390            73         3.6
July-September         48,200       3,140            70         2.6
April-June             46,500       2,880            68         3.2
January-March          44,200       2,610            70         2.3


                    Not seasonally adjusted--rented within--

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

           1997
January-March              72         2.3        (NA)          (NA)

           1996
October-December         \r69         3.8            87         2.5
July-September             75         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

      1994
October-December           74         2.4            90         1.6
July-September             86         2.2            95         0.9
April-June                 84         3.0            94         1.9
January-March              80         1.4            92         1.1

      1993
October-December           71         3.8            88         2.6
July-September             80         5.5            90         4.3
April-June                 77         4.0            89         4.1
January-March              69         7.8            83         6.9

      1992
October-December           74         2.6            93         1.0
July-September             78         2.0            88         1.5
April-June                 74         2.6            92         1.9
January-March              70         2.2            89         1.6

      1991
October-December           70         3.5            85         2.5
July-September             72         2.7            86         1.5
April-June                 71         3.3            87         1.7
January-March              67         2.2            87         1.0



                    Not seasonally adjusted--rented within--

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

           1997
January-March\p         (NA)          (NA)        (NA)          (NA)

           1996
October-December        (NA)          (NA)        (NA)          (NA)
July-September             95         1.7         (NA)          (NA)
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

      1994
October-December           96         1.5            98         1.4
July-September             97         0.5            98         0.4
April-June                 97         1.8            98         1.8
January-March              97         0.8            98         0.7

      1993
October-December           96         0.9            98         0.5
July-September             93         3.9            94         3.9
April-June                 95         0.8            97         0.5
January-March              92         5.2            96         4.3

      1992
October-December           98         0.3            99         0.1
July-September             94         1.3            97         0.5
April-June                 96         0.9            99         0.4
January-March              96         0.4            98         0.2

      1991
October-December           92         1.9            95         1.3
July-September             93         0.8            97         0.5
April-June                 93         0.7            97         0.5
January-March              95         0.5            98         0.3


* 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 one percent.
	  


Go to Detailed Tables for Second Quarter 1997 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