Survey of Market Absorption of New Apartment Buildings
Extension without change of a currently approved collection
No
Regular
07/23/2026
table that charts list comparision
Requested
Previously Approved
36 Months From Approved
09/30/2026
48,000
48,000
6,000
6,000
0
0
The Department of Housing and Urban Development conducts this survey in order to determine if the supply of rental housing is keeping pace with current and future needs. Additional information such as asking rent (or price for condominium unites) and number of bedrooms is also collected. The Survey of Market Absorption of New Multifamily Units (SOMA) provides the data necessary to measure the rate at which different types of new rental apartments and new condominium/cooperative apartments are absorbed, that is, taken off the market, usually by being rented or sold - within the first 12 months after a buildingâs completion. The data are collected at quarterly intervals until 12 months expire or until the units in a building are completely absorbed, which may occur sooner. The data is collected from building managers, rental and sales agents, as well as building and property owners.
US Code:
12 USC 170z-2
Name of Law: United States Housing Act of 1970
US Code:
12 USC 1701z-1
Name of Law: United States Housing Act of 1970
On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).
The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control number;
If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.