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Market Absorption of Apartments: 2011 Quarterly Absorptions

H130/11-Q4
Component ID: #ti1791062058

Introduction

Since the construction boom of the early 1970’s both private industry and Government have seen the need for information on the nature of the demand for rental housing. For over thirty years, the Survey of Market Absorption (SOMA) has measured how soon privately financed, nonsubsidized, unfurnished units in buildings with five or more units were rented or sold (absorbed) after completion. In addition, the survey has collected data on characteristics such as number of bedrooms, asking rent, and asking price. This publication is of a great value to builders, bankers, market analysts, land planners, and Government officials trying to measure the needs for Federal, State and local assistance in providing better housing for everyone.

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