Tag Archive for ‘Apartment Completions’

Apartment Absorption Inches Up in the Second Quarter of 2018

The US Census Bureau’s Survey of Market Absorption (SOMA), which is produced in collaboration with the Department of Housing and Urban Development, recently released data from the second quarter of 2018. The data show that completions of unfurnished, unsubsidized rental apartments in buildings with five or more units totaled to 78,510, which is up by approximately 3 percent from the… Read More ›

Apartment Absorption Steady While Condominium Absorption Climbs

The U.S. Census Bureau produces the Survey of Market Absorption (SOMA), which tracks what happens to apartments in buildings with five or more units after they are completed. In the third quarter of 2017, 77,900 unfurnished, unsubsidized rental apartments were completed.  This is a 6 percent increase over units completed in the third quarter of 2016 (73,400 units) (FIGURE 1)…. Read More ›