Absorption Rate Up Slightly for Apartment in Second Quarter


New data from the U.S. Census Bureau’s Survey of Market Absorption (SOMA) show that the absorption rate of unfurnished, unsubsidized apartments (the share rented out in the first three months following completion) rose two percentage points to 58 percent in the second quarter of 2019 (from the second quarter of 2018) (Figure 1). The number of apartments completed in the… Read More ›

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