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Survey of Market Absorption of Apartments (SOMA)



Third Quarter 2003

Table 1. Absorption Rates of Privately Financed, Nonsubsidized,
         Unfurnished Rental Apartments: 1997 to 2003
(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*

2003
October-December
July-September
April-June\p            48,700        4,300            66         3.7
January-March         \r37,100        3,440          \r61         3.4

2002
October-December      \r47,600        3,990            56         2.8
July-September        \r61,700        3,640          \r56         2.5
April-June              56,800        4,170            62         2.5
January-March           37,900        2,770            55         2.7

2001
October-December        47,300        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            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


                    Not seasonally adjusted--rented within--

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

2003
October-December
July-September
April-June\p              69            3.8           (NA)        (NA)
January-March           \r59            3.3            78         2.6

2002
October-December          52            2.6            73         2.9
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

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


                            Not seasonally adjusted--rented within--

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

2003
October-December
July-September
April-June\p             (NA)           (NA)          (NA)        (NA)
January-March            (NA)           (NA)          (NA)        (NA)

2002
October-December          88            1.9           (NA)        (NA)
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            91         1.7
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)

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


* 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 Third Quarter 2003 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