The percentage of new apartment units that were absorbed within three months of completion rose from a decade low 42% to 53% in the first quarter of 2024, according to the Census Bureau’s latest release of the Survey of Market Absorption of New Multifamily Units (SOMA). The SOMA survey covers new units in multifamily residential…
PO Box 84579
Baton Rouge, LA 70884
E – info@hbagbr.org
P – 225.769.7696
Mon-Fri : 9:00AM – 4:00PM
Sat-Sun : Closed
© 2019 Home Builders Association. All Rights Reserved.