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Survey of Market Absorption of Apartments (SOMA)



Fourth Quarter 2007


Table 5. Absorption Rates of Condominium and Cooperative Apartments:

         2001 to 2007

(Privately-financed, nonsubsidized, condominium and cooperative apartments in

buildings with five units or more.  Percents are computed using unrounded data)

                         Total                Percent

                   condominium                of all

                       and                    units in

Quarter            cooperative                buildings

of                 apartment        90%       with 5 or      90%

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



     2007

July-September\p     27,400     5,630            38         6.0

April-June         \r20,900     3,120          \r37         4.6

January-March        21,100     3,730            35         6.4



     2006

October-December     30,700     4,400            39         5.1

July-September       22,300     2,010            30         2.9  

April-June           26,800     2,830            38         3.1          

January-March        24,900     4,980            41         6.5  



      2005

October-December     23,100     4,300            35         4.9

July-September       19,300     3,750            28         6.0

April-June           26,200     6,230            36         6.9    

January-March        13,200     2,650            26         5.9



      2004

October-December     14,000     4,120            22         6.6

July-September       17,800     3,300            21         3.8

April-June           20,700     4,930            25         5.8

January-March         8,900     1,960            16         3.5



      2003

October-December      9,300     2,200            16         4.1

July-September        9,800     2,470            14         3.8

April-June           10,900     4,330            15         8.4

January-March        11,100     3,370            18         5.4

 

      2002

October-December     12,000     2,900            17         4.1

July-September       11,300     2,470            13         2.6

April-June            8,000     3,440            11         4.4

January-March         6,100     1,250            11         2.6



      2001

October-December     11,900     2,630            17         4.6

July-September       12,200     3,650            15         4.8

April-June           10,700     3,320            15         4.6

January-March        11,000     2,710            18         3.8



      



      

      





                           Percent absorbed within-

Quarter                    3 months            6 months

of                               90%                  90%

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



     2007

July-September\p         62       6.4       (NA)      (NA)

April-June               65       6.4        75       4.9

January-March          \r60       6.2        72       5.2



     2006

October-December         66       6.2        76       5.9

July-September           68       4.4        81       2.9

April-June               66       6.7        77       5.6       

January-March            64       7.5        79       4.7   



     2005

October-December         71       5.9        81       5.0

July-September           79       6.3        86       5.3

April-June               79      10.6        88       7.9  

January-March            75       8.6        90       4.1   



     2004

October-December         75      10.0        85       9.4 

July-September           66       8.2        82       8.5

April-June               75      11.4        86       7.1

January-March            78       6.4        88       5.6



      2003

October-December         76       6.5        87       4.3

July-September           75       4.7        84       3.5

April-June               76       6.7        87       4.1

January-March            69       2.1        78       2.5



      2002

October-December         67       8.7        86       4.1

July-September           71       6.6        84       3.8

April-June               86       5.4        93       3.3

January-March            72       7.4        85       4.9



      2001

October-December         73       6.9        85       6.3

July-September           73       7.2        81       7.1

April-June               72      11.0        82       7.6

January-March            74       5.6        90       3.8



     

      

      





                           Percent absorbed 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            79       1.6      (NA)      (NA)

     

      2006

October-December         87       2.4        91       1.8

July-September           88       1.6        92       1.1  

April-June               83       5.4        88       2.9      

January-March            86       3.9        89       3.4



      2005

October-December         87       4.5        91       4.5

July-September           89       5.2        93       5.1

April-June               91       7.4        93       6.0

January-March            94       3.4        96       2.9



      2004

October-December         93       6.2        96       3.1

July-September           91       3.8        95       2.7

April-June               93       3.3        96       2.0

January-March            92       3.9        96       1.8



      2003

October-December         93       2.0        95       1.5

July-September           90       2.8        96       1.7

April-June               90       4.4        96       3.9

January-March            86       1.8        94       3.1



      2002

October-December         92       2.3        96       1.5

July-September           90       3.8        93       3.8

April-June               96       2.5        97       2.1

January-March            90       3.6        94       2.5



      2001

October-December         90       5.9        91       5.9

July-September           88       6.3        93       4.1

April-June               90       4.1        94       3.6

January-March            94       3.3        96       2.3



       

      

      



* 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.

NA Not available.  p Preliminary.  r Revised.



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