U.S. Department of Commerce

Survey of Market Absorption of Apartments (SOMA)



Fourth Quarter 2003

Table 4. Unfurnished Apartments Completed During the Third 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                    42,500           4,390       $914          36

Inside metropolitan areas     38,100           3,990       $955          30
  In central cities           19,800           3,020       $891          42
  Not in central cities       18,300           2,450     $1,003          47
Outside metropolitan areas     4,400           2,300       $659          65

Northeast                      2,300           1,110     $1,050+         38
Midwest                       11,700           3,240       $786          98
South                         18,500           2,440       $869          47
West                           9,900           1,410     $1,043          35


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

U.S. Total                       100             (X)        60          3.0

Inside metropolitan areas         90             3.3        59          3.1
  In central cities               47             5.1        56          4.1
  Not in central cities           43             5.0        61          4.4
Outside metropolitan areas        10             5.0        76          9.1

Northeast                          5             2.5        88          4.0
Midwest                           28             6.1        56          7.5
South                             44             5.0        57          4.1
West                              23             3.5        65          5.8

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



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