Census

The Survey of Market Absorption of New Multifamily Units 2016 First Quarter Absorption report provides absorption details for units constructed in the fourth quarter of 2015. The Survey of Market Absorption of New Multifamily Units is conducted by the U.S. Census Bureau on behalf of the Department of Housing and Urban Development. This survey measures how soon privately financed, nonsubsidized, unfurnished units in buildings with five or more units are rented (absorbed) after completion.

The number of businesses without paid employees rose by 831,317 or 3.6 percent to 23.8 million establishments from 2013 to 2014. Businesses without paid employees, such as operating a family-run corner store, acting as a real estate agent, pet sitting, blogging, and snowplowing, are refered to as nonemployer businesses. The transportation and warehousing sector (NAICS 48-49) propelled the increase, leading all sectors in both rate of change (with a 13.5 percent increase) as well as absolute number of establishments added (148,626) and reached 1.3 million nonemployer establishments in 2014, according to U.S. Census Bureau statistics released today.