This report presents data on how soon privately financed, nonsubsidized, unfurnished units in buildings with five or more units were rented or sold (absorbed) in the second quarter of 2017 for units that were completed in the first quarter 2017.1 The data are based on information collected in the Survey of Market Absorption of Multifamily Units (SOMA), which has been measuring market absorption for over 40 years.

The SOMA is conducted by the U.S. Census Bureau, for the Department of Housing and Urban Development (HUD). The sample consists of approximately 900 buildings with five or more housing units. As with all surveys, estimates vary from actual values because of sampling variations or other factors. See Accuracy of the Estimates at the end of this report for more details.