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Survey of Market Absorption of Apartments (SOMA)



Fourth Quarter 2003

Table 5. Absorption Rates of Condominium and Cooperative Apartments:
         1997 to 2003
(Buildings with five units or more. Percents are computed using
unrounded data)
                         Total                          Percent
                         condominium                    of all
                         and	                          units in
Quarter                  cooperative                    buildings
of                       apartments       Standard      with 5 or     Standard
completion               completed          error*      more units      error*

2003
October-December
July-September\p           9,900            1,680           15           2.5
April-June              \r10,900            1,490         \r15           3.0
January-March             11,200            2,180           18           3.1

2002
October-December        \r12,000            1,760           17           2.5
July-September            11,300            1,500           13           1.6
April-June                 8,000            2,090           11           2.7
January-March              6,100              760           11           1.6

2001
October-December          11,900            1,600           17           2.8
July-September            12,200            2,220           15           2.9
April-June                10,700            2,020           15           2.8
January-March             11,000            1,650           18           2.3

2000
October-December           9,900            1,510           13           1.9
July-September             9,700            1,510           11           1.7
April-June                 8,400            1,270           11           1.9
January-March              8,100            1,440           12           2.3

1999
October-December           9,200            1,990           12           2.6
July-September            10,500            2,840           12           3.1
April-June                 8,500            1,210           12           1.7
January-March              6,000            1,150           10           2.1


1998
October-December          10,400            3,150           15           4.3
July-September             9,800            2,840           13           3.4
April-June                 6,900              900           10           1.5
January-March              7,300            1,540           13           2.5

1997
October-December           9,800            2,290           13           3.1
July-September             7,400            1,560           11           2.5
April-June                 9,200            1,690           16           3.0
January-March              9,500            2,540           19           4.3


                                     Percent absorbed within-
Quarter                        3 months                        6 months
of                                         Standard                    Standard
completion               Percent             error*       Percent        error*

2003
October-December
July-September\p             75               3.9          (NA)          (NA)
April-June                   77               3.9           87           2.6
January-March              \r69               2.7         \r77           1.5

2002
October-December             67               5.3           86           2.5
July-September               71               4.0           84           2.3
April-June                   86               3.3           93           2.0
January-March                72               4.5           85           3.0

2001
October-December             73               4.2           85           3.8
July-September               73               4.4           81           4.3
April-June                   72               6.7           82           4.6
January-March                74               3.4           90           2.3

2000
October-December             77               3.6           89           2.7
July-September               74               5.1           82           5.3
April-June                   83               3.7           92           2.4
January-March                77               4.5           87           3.6

1999
October-December             78               2.6           89           1.6
July-September               65              11.9           76          10.6
April-June                   76               3.3           88           2.6
January-March                87               2.0           94           1.3

1998
October-December             81               2.2           92           0.8
July-September               72              13.5           80          12.1
April-June                   82               3.4           92           1.7
January-March                81               4.6           91           1.9

1997
October-December             86               2.6           93           1.6
July-September               74               5.1           94           1.1
April-June                   84               3.6           92           1.8
January-March                76               7.8           89           5.6


                                    Percent absorbed 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                86               1.1          (NA)          (NA)

2002
October-December           \r92               1.4           96           0.9
July-September               90               2.3           93           2.3
April-June                   96               1.5           97           1.3
January-March                90               2.2           94           1.5

2001
October-December             90               3.6           91           3.6
July-September               88               3.8           93           2.5
April-June                   90               2.5           94           2.2
January-March                94               2.0           96           1.4

2000
October-December             92               2.4           94           2.0
July-September               87               4.7           91           3.7
April-June                   95               2.2           96           2.2
January-March                91               3.2           94           2.6

1999
October-December             95               1.1           98           0.5
July-September               83              11.8           84          12.0
April-June                   92               1.9           96           1.0
January-March                97               1.0           98           0.8

1998
October-December             96               0.5           98           (Z)
July-September               83              11.9           86          10.4
April-June                   94               1.6           96           1.3
January-March                95               1.3           96           1.2

1997
October-December             96               0.9           97           0.6
July-September               97               0.7           98           0.5
April-June                   94               1.5           97           0.8
January-March                93               4.4           94           4.0

* 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