July 20 -- The Office of Policy Development and Research, Chief Data Officer, HUD invites comments to OMB by August 21, 2023 regarding the Survey of Market Absorption of New Multifamily Units.
The Survey of Market Absorption (SOMA) provides the data necessary to measure the rate at which new rental apartments and new condominium apartments are absorbed; that is, taken off the market, usually by being rented or sold, over the course of the first 12 months following completion of a building. The data are collected at quarterly intervals until the 12 months conclude, or until the units in a building are completely absorbed. The survey also provides estimates of certain characteristics, including asking rent/price, number of units, and number of bedrooms. The survey provides a basis for analyzing the degree to which new apartment construction is meeting the present and future needs of the public.
HUD SOMA:
https://www.huduser.gov/portal/datasets/soma/home.html
Census SOMA:
https://www.census.gov/SOMA
HUD submission to OMB:
https://www.reginfo.gov/public/do/PRAViewICR?ref_nbr=202304-2528-001 Click on IC List for questionnaire, View Supporting Statement for technical documentation. Submit comments through this site.
FR notice inviting public comment:
https://www.federalregister.gov/d/2023-15383
For AEA members wishing to submit comments, "A Primer on How to Respond to Calls for Comment on Federal Data Collections" is available at
https://www.aeaweb.org/content/file?id=5806
