Federal Register #FR-7107-N-14

HUD Requests Public Comment on Survey of Market Absorption of New Multifamily Units

HUD's Office of Policy Development and Research is seeking public comment on its proposed information collection for the 'Survey of Market Absorption of New Multifamily Units.' - Government buyer: - Department of Housing and Urban Development (HUD) - Office of Policy Development and Research - No OEMs or vendors are involved; this is not a procurement opportunity - Purpose: - Collect quarterly data on the absorption rate of new rental and condominium apartments - Gather information on asking rent/price, number of units, number of bedrooms, and other characteristics - Notable requirements: - Public input is requested on the necessity, accuracy, and burden of the information collection - The survey focuses on market absorption within the first 12 months after building completion - No products, part numbers, or purchase quantities are specified - The notice is solely for public comment and does not involve purchasing goods or services

Description

The Department of Housing and Urban Development (HUD) is seeking approval from the Office of Management and Budget (OMB) for an information collection titled Survey of Market Absorption of New Multifamily Units. This survey collects data on the rate at which new rental and condominium apartments are absorbed in the market within the first 12 months after building completion. Data is collected quarterly and includes characteristics such as asking rent/price, number of units, and number of bedrooms. The purpose is to analyze how new apartment construction meets current and future public needs. Public comments are invited for 30 days until August 24, 2026.

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