Apartment Absorption Flat While Condo Absorption Climbs

The Census Bureau, in collaboration with the Department of Housing and Urban Development (HUD), recently released the Survey of Market Absorption (SOMA), which tracks apartment and condominium completions, absorption rates (the share of apartments/condos rented or purchased within the first 3 months after completion), and asking prices. In the first quarter of 2017, completions of unfurnished, unsubsidized, privately financed apartments… Read More ›

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