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Survey of Market Absorption of Apartments (SOMA)



Third Quarter 2005

Table 4. Unfurnished Apartments Completed During the Second Quarter
         of 2005 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                   31,200      4,310      $922         62

Inside metropolitan areas    28,900      4,510      $943         61
  In central cities          17,700      3,860      $941         89
  Not in central cities      11,300      2,810      $945         98
Outside metropolitan areas    2,300      1,660     < $750         97

Northeast                       400        200   $1,150+         87
Midwest                       6,700      2,930     <$750         88
South                        17,300      4,010      $966         53
West                          6,800      1,830    $1,120         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)          69       4.8

Inside metropolitan areas        93        5.3         68       4.5
  In central cities              57        8.0         69       6.0
  Not in central cities          36        8.2         67       7.0
Outside metropolitan areas        7        5.3         82      28.1

Northeast                         1        0.7         76       9.6
Midwest                          22        8.7         76      11.4
South                            55        9.4         68       6.5
West                             27        6.3         65       8.6

* 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

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