Because of the construction boom of the early 1970’s, both private industry and Government have had an urgent need for information on the nature of the de mand for rental housing. For over forty years, the Survey of Market Absorption (SOMA) has continued to measure how soon privately financed, nonsubsidized, unfurnished units in buildings with five or more units are rented or sold (absorbed) after completion. The 2012 Characteristics Report provides details about units constructed in 2012, yet not necessarily absorbed, such as number of bedrooms, asking rent, and asking price. This publication is of value to builders, bankers, market analysts, land planners, and Government officials trying to measure the needs for Federal, State and local assistance in providing better housing for everyone.

Market Absorption of Apartments: 2013 Characteristic Report [<1.0 MB]

Tables

Characteristics of Apartments Completed: 2012.

Table 1. Unfurnished Apartments Completed by Rent and Number of Bedrooms for the United States: 2012 [<1.0 MB]

Table 2. Unfurnished Apartments Completed and 3-Month Absorption Rate by Rent and Number of Bedrooms for the United States and Regions: 2012 [<1.0 MB]

Table 3. Unfurnished Apartments Completed and 3-Month Absorption Rate by Rent and Number of Bedrooms for the United States and Inside or Outside Metropolitan Areas: 2012 [<1.0 MB]

Table 4. Unfurnished Apartments Completed and 3-Month Absorption Rate by Units in Building by Number of Floors in Building for the United States: 2012 [<1.0 MB]

Table 5. Unfurnished Apartments Completed and 3-Month Absorption Rate by Amenities and Utilities for the United States: 2012 [<1.0 MB]

Table 6. Condominium and Cooperative Apartments Completed and 3-Month Absorption Rate by Number of Bedrooms and Geography: 2012 [<1.0 MB]

Table 7. Condominium Apartments Completed and 3-Month Absorption Rate by Asking Price, Number of Bedrooms, and Geography: 2012 [<1.0 MB]

Table 8. Furnished Apartments Completed and 3-Month Absorption Rate by Asking Rent, Number of Bedrooms, and Geography: 2012 [<1.0 MB]

Table 9. Total Apartments Completed in Buildings With Five Units or More: 1970 to 2012 [<1.0 MB]

Example A-1. Interpol Testing 2013 Characteristics Report [<1.0 MB]

Example B-1. Interpol Testing 2013 Characteristics Report [<1.0 MB]

Example B-2. Interpol Testing 2013 Characteristics Report [<1.0 MB]

Table A. Standard Errors for Estimates of Apartments in Buildings With Five Units or More: Completions in 2012 [<1.0 MB]

Table B. Standard Errors of Estimated Percentages for Rental Apartments: Completions in 2012 [<1.0 MB]

Table C. Standard Errors of Estimated Percentages for Condominium Apartments: Completions in 2012 [<1.0 MB]

Visualizations

Chart A. Unfurnished Rental Units Historical - 1970 to 2012 [<1.0 MB]

Chart B. Number of Bedrooms in Unit Unfurnished Rental Apartments - 2012 Completions [<1.0 MB]

Chart C. Unfurnished Apartment Units 2012 Completions by Regions [<1.0 MB]

Chart D. Median Asking Rent by Regions Unfurnished Rental Apartments - 2012 Completions [<1.0 MB]

Chart-E. CBSA [<1.0 MB]

Chart-F. Percentage of Unfurnished Apartments by Units in Building with 5 or more Units (Completed in 2012) [<1.0 MB]

Chart-G. Furnished Apartments Units Historical: Completed 1980 - 2012 [<1.0 MB]

Chart-H. Amenities Included - 2012 Total Units [<1.0 MB]

Chart-I. Condominium and Cooperative Units - Historical - 1970 to 2012 [<1.0 MB]

Chart-J. Condominium and Cooperative Units 2012 Completions by Region [<1.0 MB]

Chart-K. Number of Bedrooms in Unit Condominium Units - 2012 Construction [<1.0 MB]

Chart-L. Median Selling Price by Regions Condominium Units - 2012 Completions [<1.0 MB]

Chart-M. Total Units in Residential Buildings with 5 Units or More Historical - 1970 - 2012 [<1.0 MB]

Related Information

SOMA Publications

Page Last Revised - October 8, 2021

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