Survey of Market Absorption: Fourth Quarter 2007

U.S. Department of Commerce

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

Detailed Tables for Fourth Quarter 2007 Absorptions

george.t.boyd@census.gov

Source: U.S. Census Bureau, Social, Economic, and Housing Statistics Division

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Survey of Market Absorption of Apartments (SOMA)
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Survey of Market Absorption of Apartments (SOMA)

Fourth Quarter 2007