HUD Renews Apartment Rental Speed Survey
Published Date: 3/2/2026
Notice
Summary
HUD wants to keep collecting info on how fast new apartment buildings get rented or sold. This survey helps understand the housing market better and affects builders, renters, and buyers. They’re asking for public feedback by May 1, 2026, but there’s no change in the survey or extra costs.
Analyzed Economic Effects
2 provisions identified: 1 benefits, 1 costs, 0 mixed.
Reporting Burden on Builders and Agents
If you are a builder or rental agent, HUD expects up to 12,000 buildings to respond to the Survey of Market Absorption each year. Each building may be contacted up to four times (an initial 15‑minute interview and up to three 5‑minute followups), totaling 30 minutes per building per year; HUD estimates a combined annual burden of 6,000 hours and an annual cost of $261,420 (using $43.57/hour).
HUD Continues Absorption Data Collection
HUD will continue collecting quarterly data on how quickly new rental and condominium apartments are rented or sold during the first 12 months after completion. The survey records asking rent/price, number of units, and number of bedrooms and provides a basis for analyzing whether new apartment construction meets the present and future needs of the public.
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