U.S. Department of Commerce

Survey of Market Absorption of Apartments (SOMA)



Fourth Quarter 2007


Table 11. Apartments Completed in Buildings With Five Units or More: 2001 to 2007



(Details may not sum to totals because of rounding)



                   Total                    Unfurnished

Quarter of         apartments     90 %      apartments     90 %

completion         completed   C.I.(+/-)*   completed   C.I.(+/-)*



     2007

July-September\p     72,400     8,440        26,300      3,830

April-June           56,700     4,080      \r26,500      4,000

January-March        60,300     5,240      \r28,300      5,160       





      2006

October-December     78,600     6,240        32,300      3,620

July-September       73,100     3,530        33,800      3,010    

April-June           70,800     3,820        28,600      2,340         

January-March        60,900     2,850        21,600      2,140



      2005

October-December     66,200     4,650        25,600      2,370

July-September       68,200     5,400        30,500      5,340  

April-June           72,000     8,100        30,800      4,900   

January-March        51,700     3,880        26,100      3,350

      

      2004

October-December     62,800     7,130        32,500      5,390

July-September       85,900     8,100        44,700      9,250

April-June           81,800     7,230        42,500      6,740

January-March        54,900     5,100        34,000      3,800



      2003

October-December     57,800     6,010        38,800      6,360

July-September       67,900     7,070        42,500      6,060

April-June           72,900     9,010        47,600      5,820

January-March        62,400     6,860        37,600      4,620

   

      2002

October-December     71,800     7,290        47,700      6,930

July-September       88,100     7,390        61,700      5,990

April-June           74,200     7,450        56,800      6,860

January-March        54,100     5,170        37,900      4,560



      2001

October-December     69,300     7,810        47,300      7,960

July-September       79,700     6,760        56,500      6,530

April-June           71,100     7,440        46,100      5,920

January-March        60,900     5,260        43,000      4,010



      

            





                   Furnished               Condominiums/

Quarter of         apartments    90%       Cooperatives     90%

completion         completed  C.I.(+/-)*   completed     C.I.(+/-)*

 

     2007

July-September\p        800       760        27,400      5,630

April-June            \r200        30      \r20,900      3,210

January-March           100        80      \r21,100      3,730 

     

      2006

October-December        200       310        30,700      4,400

July-September        1,800       330        22,300      2,010    

April-June            1,200       240        26,800      2,830      

January-March           100        40        24,900      4,980 

      

      2005

October-December        400       240        23,100      4,300

July-September        2,600     2,600        19,300      3,750  

April-June            1,800     1,800        26,200      6,230

January-March           500       270        13,200      2,650 



      2004

October-December        (Z)       (Z)        14,000      4,120

July-September        3,400     1,490        17,800      3,300

April-June              800       710        20,700      4,930

January-March           100       160         8,900      1,960



      2003

October-December          -         -         9,300      2,200

July-September        1,700     1,290         9,800      2,470

April-June              200       150        10,900      4,330

January-March           300       260        11,100      3,370



      2002

October-December        400       330        12,000      2,900

July-September        2,200     1,880        11,300      2,470

April-June              100        50         8,000      3,440

January-March           500       440         6,100      1,250



      2001

October-December        200       280        11,900      2,630

July-September        3,700     2,630        12,200      3,650

April-June              500       180        10,700      3,320

January-March           (Z)      (Z)         11,000      2,710



       

                    





                   Subsidized

                   and Tax                  Other

Quarter of         Credit\1      90 %       apartment\2    90 %

completion         completed  C.I.(+/-)*    completed   C.I.(+/-)*



      2007

July-September\p     13,500     3,220         4,300      3,920

April-June          \r7,600     2,100       \r1,600        910

January-March      \r10,100     2,240         \r800        470

      

      2006

October-December     14,100     3,960         1,300        880

July-September       12,500     1,850         2,800        900    

April-June           12,700     1,280         1,600        540          

January-March        12,700     1,140         1,600        750



      2005

October-December     12,500     1,420         4,600      2,290

July-September       10,900     2,050         4,800      2,540  

April-June           10,700     2,730         2,500      1,010    

January-March         9,900     1,990         2,000        940



      2004

October-December     14,500     3,770         1,800      1,060

July-September       15,900     5,280         4,000      2,030

April-June           16,200     4,190         1,600        680

January-March         8,500     2,890         3,200      1,900



      2003

October-December      8,700     2,140         1,100        220

July-September        8,700     2,410         5,100      2,790

April-June           11,300     4,890         2,900      1,480

January-March        11,300      (Z)          2,100      1,270

  

      2002

October-December      8,700     2,940         3,000      2,940

July-September        8,600     2,900         4,300      2,060

April-June            7,400     3,450         1,900        940

January-March         7,400     2,900         2,200      1,140

 

      2001

October-December      6,500     2,480         3,300      2,090

July-September        4,900     1,170         2,400      2,140

April-June           10,400     5,260         3,300      1,680

January-March         4,800     1,880         2,100        860



      

      



      

* 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.



p Preliminary. r Revised. - Represents zero.

Z Fewer than 50 units or less than one-half of 1 percent.



\1 Beginning with completions in the second quarter of 2004, Low Tax

Credit units were included in this category.



\2 Other includes time-sharing units, continuing care retirement units,

    and turnkey housing (privately built for and sold to local public

    housing authorities subsequent to completion.)



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


Go to Detailed Tables for Fourth Quarter 2007 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