Market Absorption of Apartments Annual: 2007

The Survey of Market Absorption (SOMA) measures how soon privately financed, nonsubsidized, unfurnished units in buildings with five or more units are rented or sold (absorbed) after completion. In addition, the survey collects data on characteristics such as number of bedrooms, asking rent, and asking price.

The estimates in this report are based on responses from a sample of the population. As with all surveys, estimates vary from a ctual values because of sampling variation or other factors. All comparisons made in this report have undergone statistical testing and are significant at the 90- percent confidence level.

Tables

Annual 2007 Absorptions: (Apartments Completed in 2006)

Table 1. Absorption Rates for Unfurnished Apartments Completed, by Geographic Area and Region: 2006 [<1.0 MB]

Table 2. Absorption Rates for Unfurnished Apartments Completed, by Rent, for the United States and Regions: 2006 [<1.0 MB]

Table 3. Absorption Rates for Unfurnished Apartments Completed, by Number of Bedrooms and Rent: 2006 [<1.0 MB]

Table 4. Absorption Rates for Unfurnished Apartments Completed, by Presence of Selected Features and Utilities: 2006 [<1.0 MB]

Table 5. Absorption Rates for Condominium and Cooperative Apartments Completed, by Number of Bedrooms, Region, and Geographic Area: 2006 [<1.0 MB]

Table 6. Absorption Rates for Condominium Apartments Completed, by Asking Price, Number of Bedrooms, Region and Geographic Area: 2006 [<1.0 MB]

Table 7. Absorption Rates for Furnished Apartments Completed, by Rent and Number of Bedrooms: 2006 [<1.0 MB]

Table 8. Apartments Completed in Buildings With Five Units or More: 1970 to 2006 [<1.0 MB]

Data for Senior Housing: 2006 [<1.0 MB]

Tables A-1 and B-1. Standard Errors: Completions in 1986 to 2006 [<1.0 MB]

Tables A-2 and B-2. Standard Errors: Completions in 1985 [<1.0 MB]

Tables A-3 and B-3. Standard Errors: Completions in 1970 to 1984 [<1.0 MB]

Visualization

Figure 1. Percent Distribution of New Unfurnished Rental and New Condominium and Cooperative Units Completed by Region: 2006 [<1.0 MB]

Related Information

SOMA Publications