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Survey of Market Absorption of Apartments (SOMA)



Fourth 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\p      42,500         4,390            57            2.9
April-June          \r50,000         4,560          \r63            3.2
January-March         37,100         2,930            61            3.3

2002
October-December     \r47,700        4,210          \r57            2.7
July-September         61,700        3,640            56            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\p         60           3.0            (NA)           (NA)
April-June             \r67           3.4             86            1.6
January-March            59           3.2             78            2.6

2002
October-December         52           2.5           \r74            2.8
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\p        (NA)         (NA)            (NA)          (NA)
April-June              (NA)         (NA)            (NA)          (NA)
January-March            88           2.2            (NA)          (NA)

2002
October-December         88           1.8             94            1.1
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 Fourth 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