Tag Archive for ‘survey of market absorption’

Multifamily Absorption Rates Increase During Second Quarter

As expected, data from the Survey of Market Absorption of Apartments (SOMA), produced by the Census Bureau and the Department of Housing and Urban Development, suggest a pickup in rentals and sales of newly built apartments. This followed a slight slowing of absorption rates in the first quarter. The SOMA tracks completions and market absorption (units rented or sold after construction… Read More ›

Multifamily Market Absorption Slows at the Beginning of 2012

Data from the Survey of Market Absorption of Apartments (SOMA), produced by the Census Bureau and the Department of Housing and Urban Development, reflect the slowdown experienced for housing during the first quarter of 2012. It is worth noting that the SOMA data are published with some time lag, and housing indicators have improved since the time period for which the most… Read More ›

Absorption Rates Rise for Multifamily Units During the Last Quarter of 2011

Data from the Survey of Market Absorption of Apartments (SOMA), produced by the Census Bureau and the Department of Housing and Urban Development, suggest continued improvement for the multifamily sector. The SOMA tracks completions and market absorption (units rented or sold after construction of the property is complete) for multifamily rental and for-sale housing in 5+ unit properties. Data released in… Read More ›