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Survey of Market Absorption of Apartments (SOMA)



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


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