Survey of Market Absorption of New Multifamily Units (SOMA)
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1 Expiring ICR
Summary
The Survey of Market Absorption of New Multifamily Units (SOMA) collects data for new residential construction. The SOMA reports provide information on amenities, rent/sales price levels, number of units, type of building, and the number of units taken off the market (absorbed). 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.
| Agency | HUD, PD&R |
|---|---|
| Related Agency | DOC, CENSUS |
| Data Checkup |
Historical Data Availability
No Known Issue
Future Data Availability
No Known Issue
Data Quality
No Known Issue
Statutory Context
High Risk
Statutory authorization is vague.
Staffing and Funding
Moderate Risk
From FY2024 to FY2026, HUD staffing decreased by more than 30%. For fiscal year 2027, the Trump Administration proposed a 13% reduction in HUD funding. From FY2024 to FY2026, the Census Bureau has lost more than 2,500 staff (~20%). While the FY27 President's Budget requests an approximately 30% increase for the Census Bureau, the proposal recommends reductions to many programs and surveys. In May 2026, the House Appropriations Committee advanced its version of the budget, proposing level funding at FY26 levels.
Policy
No Known Issue
Last updated: 2026-06-22
Details
| OMB Control Number | 2528-0013 | |||
|---|---|---|---|---|
| Authorizing Statutes | 12 USC 1701z-1, 12 USC 170z-2 | |||
| Related ICRs |
| Reference Number | Title | Agency | Status | Request Type |
|---|---|---|---|---|
| 202404-2528-003 | Expiring Survey of Market Absorption of New Apartment Buildings | HUD/PD&R | Active | No material or nonsubstantive change to a currently approved collection |