U.S. Department of Commerce

Survey of Market Absorption of Apartments (SOMA)



Fourth Quarter 2007


Table 4. Unfurnished Apartments Completed During the Third Quarter

         of 2007 by Geographic Area



Not Seasonally Adjusted

(Privately financed, nonsubsidized, unfurnished, rental apartments

in buildings with five units or more.  Data regarding asking rent are

collected at the initial interview.  Details may not sum to totals

because of rounding.  Medians and percents are computed using

unrounded data)

                             Total

                            unfur-

                            nished

                            apart-                 Median       90%

                             ments      90%        asking    C.I.(+/-)*

                          completed   C.I.(+/-)*    rent     (dollars)



U.S. Total                   26,300      3,830    $1,071         72



Inside CBSA**                25,900      3,980    $1,081         70

Inside Principal 

  City of CBSA**             14,700      2.620    $1,141        108

Outside of Principal 

  City of CBSA               11,200      3,010    $1,004        104

Outside CBSA**                  400        380     <$750         97



Northeast                     1,900      1,540   $1,150+         87

Midwest                       3,100      2,000      $883         88

South                        15,000      1,740    $1,036         57

West                          6,300      1,940   $1,150+         68





                                                  Percent

                           Percent      90%        rented       90%

                          of Total   C.I. (+/-)*   within     C.I. (+/-)*

                             Units   (Percentage       3     (Percentage

                          Completed   points)      months     points)

 

U.S. Total                      100        (X)         53       4.6



Inside CBSA**                    99        1.5         53       4.7

Inside Principal 

  City of CBSA**                 56        8.0         55       5.6

Outside of Principal 

  City of CBSA                   43        8.0         51       7.1

Outside CBSA**                    1        1.5         62      19.9



Northeast                         7        5.5         53      16.1

Midwest                          12        7.1         44      11.7

South                            57        7.5         51       4.1

West                             24        5.8         63      11.8



* 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.       X Not Applicable

** Core Based Statistical Area

(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