Survey of Market Absorption: Fourth Quarter 2007

U.S. Department of Commerce

Fourth Quarter 2007

Table 1. Absorption Rates of Privately-Financed, Nonsubsidized, Unfurnished Rental Apartments: 2001 to 2007 (Buildings with five units or more. Percents are computed using unrounded data) Seasonally adjusted Total percent unfurnished absorbed Quarter of apartments 90% within 90% completion completed C.I.(+/-)* 3months C.I.(+/-)* 2007 July-September\p 26,300 3,830 53 4.6 April-June \r26,500 4,000 \r59 4.9 January-March \r28,300 5,160 \r51 4.4 2006 October-December 32,300 3,620 \r54 5.2 July-September 33,800 3,010 52 2.2 April-June 28,600 2,340 61 2.4 January-March 21,600 2,140 62 3.3 2005 October-December 25,600 2,370 63 2.9 July-September 30,500 5,340 63 5.7 April-June 30,800 4,900 65 3.6 January-March 26,100 3,350 61 3.8 2004 October-December 32,500 5,390 63 6.8 July-September 44,700 9,250 64 4.0 April-June 42,500 6,740 59 5.0 January-March 34,000 3,800 61 4.7 2003 October-December 38,800 6,360 63 4.3 July-September 42,500 6,060 56 4.3 April-June 47,600 5,820 61 4.3 January-March 37,600 4,620 62 4.9 2002 October-December 47,700 6,930 57 4.4 July-September 61,700 5,990 56 4.1 April-June 56,800 6,860 62 4.1 January-March 37,900 4,560 55 4.4 2001 October-December 47,300 8,440 58 5.1 July-September 56,500 6,530 65 4.6 April-June 46,100 5,920 65 3.8 January-March 4,300 4,010 65 4.8 2000 October-December 54,100 4,800 67 3.8 July-September 65,700 6,040 73 3.1 April-June 56,700 5,860 73 4.4 January-March 49,700 5,680 73 3.3 Not seasonally adjusted--rented within-- Quarter 3 months 6 months of 90% 90% completion Percent C.I.(+/-)* Percent C.I.(+/-)* 2007 July-September\p 53 4.6 (NA) (NA) April-June \r60 4.9 77 3.6 January-March \r51 4.4 \r74 4.3 2006 October-December 54 5.2 75 3.7 July-September 52 2.2 67 2.3 April-June 67 2.6 83 2.3 January-March 60 3.2 81 2.4 2005 October-December 59 2.7 81 2.0 July-September 59 5.8 82 2.8 April-June 71 3.9 88 2.0 January-March 59 3.7 84 2.9 2004 October-December 58 6.2 79 4.3 July-September 67 4.2 83 3.6 April-June 62 5.2 81 4.3 January-March 60 4.7 82 3.6 2003 October-December 58 3.9 78 4.1 July-September 59 4.5 74 4.6 April-June 65 4.6 85 2.5 January-March 60 5.1 79 3.9 2002 October-December 52 4.1 74 4.6 July-September 59 4.3 77 2.8 April-June 65 4.3 83 3.3 January-March 58 4.6 78 4.1 2001 October-December 55 4.9 76 3.5 July-September 68 4.8 82 3.0 April-June 67 3.9 84 2.8 January-March 63 4.8 85 2.6 2000 October-December 64 3.6 82 2.5 July-September 76 3.3 87 2.5 April-June 75 4.6 90 1.6 January-March 71 3.1 89 2.0 Not seasonally adjusted--rented within-- Quarter 9 months 12 months of 90% 90% completion Percent C.I.(+/-)* Percent C.I.(+/-)* 2007 July-September\p (NA) (NA) (NA) (NA) April-June (NA) (NA) (NA) (NA) January-March 88 2.8 (NA) (NA) 2006 October-December 88 2.0 94 1.6 July-September 80 2.0 87 1.7 April-June 91 1.6 95 1.3 January-March 90 1.5 95 0.9 2005 October-December 90 1.6 95 1.2 July-September 91 1.7 96 0.9 April-June 93 1.2 97 0.7 January-March 93 1.9 96 1.2 2004 October-December 90 2.5 95 1.3 July-September 91 3.7 94 2.8 April-June 87 3.6 92 2.9 January-March 91 3.0 94 2.7 2003 October-December 88 3.6 92 3.8 July-September 84 4.2 91 3.6 April-June 91 2.0 96 1.0 January-March 87 3.8 94 2.3 2002 October-December 88 3.0 94 1.8 July-September 88 2.0 93 1.8 April-June 89 2.8 93 2.5 January-March 86 3.3 91 2.8 2001 October-December 87 2.8 92 2.0 July-September 91 1.8 96 1.0 April-June 92 1.8 97 0.8 January-March 93 1.8 96 1.2 2000 October-December 93 1.2 97 (Z) July-September 94 1.3 97 0.8 April-June 95 1.3 97 (Z) January-March 95 1.3 98 0.8 * A 90-percent confidence interval is a measure of an estimates variability. The larger the confidence interval in relation to the size of the estimate, the less reliable the estimate. NA Not available. p Preliminary. r Revised. Z Fewer than 50 units or less than one-half of 1 percent. 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