HUD Seeks Comments on Apartment Market Survey
Published Date: 7/23/2026
Notice
Summary
HUD wants to keep collecting info on how quickly new apartment buildings get rented or sold. This helps them understand housing markets better and plan smartly. If you’re involved in building or managing apartments, this might affect you, and HUD is asking for your thoughts by August 24, 2026.
Analyzed Economic Effects
1 provisions identified: 0 benefits, 1 costs, 0 mixed.
Quarterly HUD Apartment Survey Burden
If you build or manage apartment buildings, HUD is asking you to continue responding to the Survey of Market Absorption (HUD Form SOMA). The survey covers 12,000 respondents with up to 4 responses per year, each response taking 0.125 hours (the notice says 30 minutes total divided across 4 interviews), for a total annual burden of 6,000 hours and an estimated annual cost of $267,000 at $44.50/hour. HUD is requesting public comments by August 24, 2026 as it seeks OMB approval to extend this information collection.
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