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Survey of Market Absorption of New Multifamily Units: Second Quarter 2018 – Absorptions (Completions in First Quarter 2018)

Report Number H130/18-Q2A
George Boyd

Introduction

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 2018 for units that were completed in the first quarter 2018. 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 45 years.

The SOMA is conducted by the U.S. Census Bureau, for the U.S. 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.

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