U.S. Department of Commerce

Survey of Market Absorption of Apartments (SOMA)



Third Quarter 2003

Table 4. Unfurnished Apartments Completed During the Second Quarter
         of 2003 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     Standard
                              ments       Standard    asking     error*
                              completed      error*   rent      (dollars)

U.S. Total                    48,700         4,300      $984      41

Inside metropolitan areas     46,700         4,000    $1,018      46
  In central cities           21,100         2,540      $882      53
  Not in central cities       25,600         2,890    $1,050+     45
Outside metropolitan areas     2,000         1,060      $650-     51

Northeast                     10,000         3,690    $1,050+     38
Midwest                       11,800         2,350      $741      72
South                         18,400         2,310      $833      52
West                           8,500         1,370    $1,050+     41


                                                      Percent
                              Percent     Standard    rented     Standard
                              of Total       error*   within     error*
                              Units     (Percentage     3       (Percentage
                              Completed     points)   months       points)

U.S. Total                       100         (X)        69         3.8

Inside metropolitan areas         96         2.3        69         4.5
  In central cities               43         4.5        68         2.9
  Not in central cities           53         5.3        71         4.6
Outside metropolitan areas         4         2.3        45         3.6

Northeast                         21         7.8        95         5.1
Midwest                           24         5.2        62         5.7
South                             38         3.6        62         2.9
West                              17         3.9        62         6.6

* One standard error (68-percent confidence interval)
X Not applicable.



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