This report provides characteristics about units constructed in 2016 and absorbed within 3 months, such as number of bedrooms, asking rent, and asking price. This publication is of value to builders, bankers, market analysts, land planners, and government officials trying to measure housing needs for over 40 years.

The estimates in this report are based on a survey conducted by the U.S. Census Bureau, for the U.S. Department of Housing and Urban Development (HUD). The sample consists of approximately 4,200 buildings with five or more housing units. Estimates published in this report are preliminary and are subject to revision in the Survey of Market Absorption of New Multifamily Units Annual Absorption Report (H130) that will be released in April 2018. As with all surveys, estimates vary from actual values because of sampling variations or other factors.