Survey of Market Absorption: Fourth Quarter 2007

U.S. Department of Commerce

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

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