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The multifamily market in Austin made some strides during 2007, despite a lack luster fourth quarter, where there was negative absorption and a slight decline in occupancy. Annual absorption totaled 1,275 units, with the Class A and B markets both posting strong yearly figures of 1,558 and 577 units, respectively. Absorption over the year was negative in the Class C and D markets, as -587 and -274 units were absorbed, respectively. We monitor various news media, press releases, marketing materials, web-sites, CAD records, permit issuance, and other sources to capture new construction, planned projects, financing, and sales. Our researchers conduct phone interviews with relevant developers, brokers, or lenders to gather information on new construction and sales.
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