Tag Archive for ‘SOMA’

Absorption Data Indicate Multifamily Market Leveling Off

The US Census Bureau recently released data on multifamily completions and absorption rates from the second quarter of 2016. Completions of privately financed, unfurnished, unsubsidized apartments in buildings with five or more units totaled to 62,600, which is approximately 5,000 fewer than completions in the second quarter of 2015 (Figure 1). Examining Figure 1 further indicates a leveling off of multifamily… Read More ›

Apartment Absorptions Remain Strong as Completions Rise

The rental apartment market continued to be strong during the third quarter of 2015, as multifamily production expanded. According to NAHB analysis of the most recent data from the Census Bureau and Department of Housing and Urban Development Survey of Market Absorption of Apartments (SOMA), completions of privately financed, unsubsidized, unfurnished rental apartments in buildings with five or more units totaled 298,500 residences for… Read More ›

Apartment Absorptions for the Second Quarter

The rental apartment market continued to be strong during the second quarter of 2015, as multifamily production levels remain elevated. According to NAHB analysis of the most recent data from the Census Bureau and Department of Housing and Urban Development Survey of Market Absorption of Apartments (SOMA), completions of privately financed, unsubsidized, unfurnished rental apartments in buildings with five or more units totaled… Read More ›

A Look Back: 2013 Apartment Market Absorption

Annual data from HUD’s Survey of Market Absorption of New Multifamily Units provide details concerning the types of apartments completed and the speed of rental absorption after construction. In particular, the current edition of the annual report finds that for units completed during 2013, 12-month absorption rates were 94% or higher across building types. The annual report provides details for units located in properties… Read More ›

Multifamily Market Absorption at the Start of 2015

Apartment absorptions continued to be strong at the start of 2015, as multifamily production levels remain elevated. According to NAHB analysis of the most recent data from the Census Bureau and Department of Housing and Urban Development Survey of Market Absorption of Apartments (SOMA), completions of privately financed, unsubsidized, unfurnished rental apartments in buildings with five or more units totaled 209,100… Read More ›

Rental Apartment Absorption Rates Strong as Completions Rise

Absorption completions continued to rise during the third quarter of 2014.  While for-rent apartment absorption rates remained strong at the end of 2014, there was a drop in short-term absorptions for the condominium and co-op market. According to NAHB analysis of the most recent data from the Census Bureau and Department of Housing and Urban Development Survey of Market Absorption… Read More ›

Apartment Completions Rising

Absorption completions continued to rise during the middle of 2014, with absorption rates for both for-sale and for-rent apartments remaining high during the third quarter. According to NAHB analysis of the most recent data from the Census Bureau and Department of Housing and Urban Development Survey of Market Absorption of Apartments (SOMA), completions of privately financed, unsubsidized, unfurnished rental apartments… Read More ›

Apartment Absorption Rates for the Second Quarter

Absorption rates for new rental and for-sale multifamily homes remained high during the second quarter of 2014, consistent with the ongoing expansion of the multifamily sector. According to NAHB analysis of data from the Census Bureau and Department of Housing and Urban Development Survey of Market Absorption of Apartments (SOMA), completions of privately financed, unsubsidized, unfurnished rental apartments in buildings… Read More ›

Apartment Absorption Rates at the Start of 2014

Absorption rates for new rental and for-sale multifamily homes were roughly unchanged at the start of 2014, which is consistent with ongoing strong demand for multifamily construction. According to NAHB analysis of data from the Census Bureau and Department of Housing and Urban Development Survey of Market Absorption of Apartments (SOMA), completions of privately financed, unsubsidized, unfurnished rental apartments in… Read More ›

Apartment Absorption Rates Remain High

Absorption rates for new rental and for-sale multifamily homes remained near post-recession highs in the fourth quarter of 2013. According to data from the Survey of Market Absorption of Apartments (SOMA), completions of privately financed, unsubsidized, unfurnished rental apartments in buildings with five or more units were up strongly for the four quarter period ending with the third quarter of 2013. A total… Read More ›