US Rental Apartment Absorption Rates: 3Q 2014

US Rental Apartment Absorption Rates: 3Q 2014

Absorption completions continued to rise during 3Q 2014. While for-rent apartment absorption rates remained strong at the end of 2014, there was a drop in short-term absorptions for the condominium and co-op market

SOURCE: National Association of Home Builders, Eye on Housing
SOURCE: National Association of Home Builders, Eye on Housing

According to NAHB analysis of the most recent data from the Census Bureau and Department of Housing and Urban Development Survey of Market Absorption of Apartments, completions of privately financed, unsubsidized, unfurnished rental apartments in buildings with five or more units totaled 194,900 residences for the four quarters ending with 3Q 2014, a 50 per cent increase from the prior four quarter total.

Comments are closed.