Apartment Absorptions Slightly Weaker in Fourth Quarter of 2022 | Eye On Housing

by LBM Daily Editor 0 Comments

Econ & Housing
Share on Facebook
Share on Twitter
Share on Pinterest
Share on LinkedIn

Data from the Census Bureau’s latest Survey of Market Absorptions of New Multifamily Units (SOMA) indicates that multifamily market demand has softened as the percentage of apartments absorbed within the first 3 months of completion fell to 59.0% after six consecutive quarters of above 60.0% percent absorption. The absorption rate of unfurnished, unsubsidized apartments (the…

Thanks for reading The LBM Daily.
Join LBM Daily Premium or log in to continue reading.
Login Join Now
This article was originally published by Eyeonhousing.org. Read the original article here.
Share on Facebook
Share on Twitter
Share on Pinterest
Share on LinkedIn

Articles You May Like

Limited Time 15% Promo!
Two Key Housing Themes: Low Inventory and Few Distressed Sales
Debt deal adds fresh headwind to U.S economy already at risk of recession
New research on wood behaviour can help develop and optimise drying processes
Dow futures slip, Nvidia pops 24.6% after earnings
The impact of the rising cost of materials and labor in the construction industry