WASHINGTON, D.C. – (RealEstateRama) — 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.
In addition, it collects data on characteristics such as number of bedrooms, asking rent and asking price. For more information, please visit <www.census.gov/housing/soma/>.
No news release associated with this report. Tip Sheet only.
The estimates in this report are based on responses from a sample of the population. Estimates vary from actual values because of sampling variation or other factors. All comparisons made in this report have undergone statistical testing and are significant at the 90 percent confidence level.
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