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Survey of Market Absorption of Apartments (SOMA)



Third Quarter 2005

Table 1. Absorption Rates of Privately-Financed, Nonsubsidized,
         Unfurnished Rental Apartments: 1999 to 2005
(Buildings with five units or more. Percents are computed using
unrounded data)
                                           Seasonally
                                           adjusted
                   Total                   percent
                   unfurnished             absorbed
Quarter of         apartments     90%      within       90%
completion         completed   C.I.(+/-)*  3months    C.I.(+/-)*

2005
October-December
July-September
April-June\p         31,200      4,310        65      4.5               
January-March      \r26,400      4,230      \r62      4.6        

2004
October-December     32,600      4,930        62      6.8
July-September     \r44,700      9,250        64      4.0
April-June           42,500      6,740        59      5.0
January-March        34,000      3,800        61      4.7

2003
October-December     38,800      6,360        63      4.3
July-September       42,500      6,060        56      4.3
April-June           47,600      5,820        61      4.3
January-March        37,600      4,620        62      4.9

2002
October-December     47,700      6,930        57      4.4
July-September       61,700      5,990        56      4.1
April-June           56,800      6,860        62      4.1
January-March        37,900      4,560        55      4.4

2001
October-December     47,300      8,440        58      5.1
July-September       56,500      6,530        65      4.6
April-June           46,100      5,920        65      3.8
January-March         4,300      4,010        65      4.8

2000
October-December     54,100      4,800        67      3.8
July-September       65,700      6,040        73      3.1
April-June           56,700      5,860        73      4.4
January-March        49,700      5,680        73      3.3

1999
October-December     58,300      5,590        73      2.6
July-September       65,200      5,890        72      2.8
April-June           55,700      7,060        71      3.6
January-March        46,700      7,320        71      5.4




                    Not seasonally adjusted--rented within--

Quarter                    3 months             6 months
of                              90%                    90%
completion         Percent   C.I.(+/-)*   Percent    C.I.(+/-)*

2005
October-December
July-September
April-June\p             69        4.8       (NA)     (NA)                     
January-March            60        4.4        84      3.5

2004
October-December         57        6.3        78      4.8 
July-September           67        4.2        83      3.6
April-June               62        5.2        81      4.3
January-March            60        4.7        82      3.6

2003
October-December         58        3.9        78      4.1
July-September           59        4.5        74      4.6
April-June               65        4.6        85      2.5
January-March            60        5.1        79      3.9

2002
October-December         52        4.1        74      4.6
July-September           59        4.3        77      2.8
April-June               65        4.3        83      3.3
January-March            58        4.6        78      4.1

2001
October-December         55        4.9        76      3.5
July-September           68        4.8        82      3.0
April-June               67        3.9        84      2.8
January-March            63        4.8        85      2.6

2000
October-December         64        3.6        82      2.5
July-September           76        3.3        87      2.5
April-June               75        4.6        90      1.6
January-March            71        3.1        89      2.0

1999
October-December         70        2.5        88      1.6
July-September           75        3.0        89      1.3
April-June               73        3.8        88      2.5
January-March            70        5.3        88      3.3



                    Not seasonally adjusted--rented within--

Quarter                    9 months           12 months
of                              90%                     90%
completion         Percent   C.I.(+/-)*   Percent    C.I.(+/-)*

2005
October-December
July-September
April-June\p            (NA)      (NA)      (NA)     (NA)
January-March           (NA)      (NA)      (NA)     (NA)    

2004
October-December         90        3.0      (NA)     (NA)
July-September           91        3.7        94      2.8
April-June               87        3.6        92      2.9
January-March            91        3.0        94      2.7

2003
October-December         88        3.6        92      3.8
July-September           84        4.2        91      3.6
April-June               91        2.0        96      1.0
January-March            87        3.8        94      2.3

2002
October-December         88        3.0        94      1.8
July-September           88        2.0        93      1.8
April-June               89        2.8        93      2.5
January-March            86        3.3        91      2.8

2001
October-December         87        2.8        92      2.0
July-September           91        1.8        96      1.0
April-June               92        1.8        97      0.8
January-March            93        1.8        96      1.2

2000
October-December         93        1.2        97     (Z)
July-September           94        1.3        97      0.8
April-June               95        1.3        97     (Z)
January-March            95        1.3        98      0.8


1999
October-December         96        0.8        98     (Z)
July-September           96       (Z)         99     (Z)
April-June               94        2.3        97      1.0
January-March            95        1.5        97      1.2


* A 90-percent confidence interval is a measure of an estimates variability.
  The larger the confidence interval in relation to the size of the estimate,
  the less reliable the estimate.
NA Not available.  p Preliminary.  r Revised.
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 Third Quarter 2005 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