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Survey of Market Absorption of Apartments (SOMA)



Third Quarter 2006

Table 5. Absorption Rates of Condominium and Cooperative Apartments:
         2000 to 2006
(Privately-financed, nonsubsidized, condominium and cooperative apartments in
buildings with five units or more.  Percents are computed using unrounded data)
                         Total                Percent
                   condominium                of all
                       and                    units in
Quarter            cooperative                buildings
of                 apartment        90%       with 5 or      90%
completion         completed     C.I.(+/-)*   more units   C.I.(+/-)*

     2006
October-December
July-September  
April-June\p         24,600     4,790            35         4.8          
January-March      \r24,400     5,250          \r40         7.1  

      2005
October-December   \r23,000     5,350          \r35         7.1
July-September     \r19,300     3,750            28         6.0
April-June           26,200     6,230            36         6.9    
January-March        13,200     2,650            26         5.9

      2004
October-December     14,000     4,120            22         6.6
July-September       17,800     3,300            21         3.8
April-June           20,700     4,930            25         5.8
January-March         8,900     1,960            16         3.5

      2003
October-December      9,300     2,200            16         4.1
July-September        9,800     2,470            14         3.8
April-June           10,900     4,330            15         8.4
January-March        11,100     3,370            18         5.4
 
      2002
October-December     12,000     2,900            17         4.1
July-September       11,300     2,470            13         2.6
April-June            8,000     3,440            11         4.4
January-March         6,100     1,250            11         2.6

      2001
October-December     11,900     2,630            17         4.6
July-September       12,200     3,650            15         4.8
April-June           10,700     3,320            15         4.6
January-March        11,000     2,710            18         3.8

      2000
October-December      9,900     2,480            13         3.1
July-September        9,700     2,480            11         2.8
April-June            8,400     2,090            11         3.1
January-March         8,100     2,370            12         3.8


      
      


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

     2006
October-December
July-September  
April-June\p             70       4.1       (NA)      (NA)       
January-March          \r66       8.8        80       5.3   

     2005
October-December       \r71       7.1      \r81       5.8
July-September           79       6.3      \r86       5.3
April-June               79      10.6        88       7.9  
January-March            75       8.6        90       4.1   

     2004
October-December         75      10.0        85       9.4 
July-September           66       8.2        82       8.5
April-June               75      11.4        86       7.1
January-March            78       6.4        88       5.6

      2003
October-December         76       6.5        87       4.3
July-September           75       4.7        84       3.5
April-June               76       6.7        87       4.1
January-March            69       2.1        78       2.5

      2002
October-December         67       8.7        86       4.1
July-September           71       6.6        84       3.8
April-June               86       5.4        93       3.3
January-March            72       7.4        85       4.9

      2001
October-December         73       6.9        85       6.3
July-September           73       7.2        81       7.1
April-June               72      11.0        82       7.6
January-March            74       5.6        90       3.8

      2000
October-December         77       5.9        89       4.4
July-September           74       8.4        82       8.7
April-June               83       6.1        92       3.9
January-March            77       7.4        87       5.9

      
      


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

      2006
October-December
July-September  
April-June\p           (NA)      (NA)      (NA)      (NA)      
January-March          (NA)      (NA)      (NA)      (NA)

      2005
October-December         87       0.9      (NA)      (NA)
July-September           89       5.2        93       5.1
April-June               91       7.4        93       6.0
January-March            94       3.4        96       2.9

      2004
October-December         93       6.2        96       3.1
July-September           91       3.8        95       2.7
April-June               93       3.3        96       2.0
January-March            92       3.9        96       1.8

      2003
October-December         93       2.0        95       1.5
July-September           90       2.8        96       1.7
April-June               90       4.4        96       3.9
January-March            86       1.8        94       3.1

      2002
October-December         92       2.3        96       1.5
July-September           90       3.8        93       3.8
April-June               96       2.5        97       2.1
January-March            90       3.6        94       2.5

      2001
October-December         90       5.9        91       5.9
July-September           88       6.3        93       4.1
April-June               90       4.1        94       3.6
January-March            94       3.3        96       2.3

      2000
October-December         92       3.9        94       3.3
July-September           87       7.7        91       6.1
April-June               95       3.6        96       3.6
January-March            91       5.3        94       4.3
  
      
      

* 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.
NA Not available.  p Preliminary.  r Revised.

Source: U.S. Census Bureau, Survey of Market Absorption


Go to Detailed Tables for Third Quarter 2006 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