[Federal Register Volume 79, Number 15 (Thursday, January 23, 2014)]
[Notices]
[Pages 3848-3849]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2014-01355]


-----------------------------------------------------------------------

DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-5752-N-04]


30-Day Notice of Proposed Information Collection: Survey of 
Market Absorption of New Multifamily Units

AGENCY: Office of the Chief Information Officer, HUD.

ACTION: Notice.

-----------------------------------------------------------------------

SUMMARY: HUD has submitted the proposed information collection 
requirement described below to the Office of Management and Budget 
(OMB) for review, in accordance with the Paperwork Reduction Act. The 
purpose of this notice is to allow for an additional 30 days of public 
comment.

DATES: Comments Due Date: February 24, 2014.

ADDRESSES: Interested persons are invited to submit comments regarding 
this proposal. Comments should refer to the proposal by name and/or OMB 
Control Number and should be sent to: HUD Desk Officer, Office of 
Management and Budget, New Executive Office Building, Washington, DC 
20503; fax: 202-395-5806. Email: [email protected].

FOR FURTHER INFORMATION CONTACT: Colette Pollard, Reports Management 
Officer, QDAM, Department of Housing and Urban Development, 451 7th 
Street, SW., Washington, DC 20410; email Colette Pollard at 
[email protected] or telephone 202-402-3400. Persons with hearing 
or speech impairments may access this number through TTY by calling the 
toll-free Federal Relay Service at (800) 877-8339. This is not a toll-
free number. Copies of available documents submitted to OMB may be 
obtained from Ms. Pollard.

SUPPLEMENTARY INFORMATION: This notice informs the public that HUD has 
submitted to OMB a request for approval of the information collection 
described in Section A. The Federal Register notice that solicited 
public comment on the information collection for a period of 60 days 
was published on October 3, 2013.

A. Overview of Information Collection

    Title of Information Collection: Survey of Market Absorption of New 
Multifamily Units.
    OMB Approval Number: 2528-0013.
    Type of Request: Revision of a currently approved collection.
    Form Number: H-31.
    Description of the need for the information and proposed use: The 
Survey of Market Absorption (SOMA) provides the data necessary to 
measure the rate at which new rental apartments and new condominium 
apartments are absorbed; that is, taken off the market, usually by 
being rented or sold, over the course of the first twelve months 
following completion of a building. The data are collected at quarterly 
intervals until the twelve months conclude, or until the units in a 
building are completely absorbed. The survey also provides estimates of 
certain characteristics, including asking rent/price, number of units, 
and number of bedrooms. The survey provides a basis for analyzing the 
degree to which new apartment construction is meeting the present and 
future needs of the public. Beginning April 2014 the survey will 
transition from paper questionnaire to

[[Page 3849]]

Computer-Assisted Personal Interviewing (CAPI).
    Respondents (i.e. affected public): Rental Agents/Builders.
    Estimated Number of Respondents: 12,000 yearly (maximum).
    Estimated Time per Response: 15 minutes/initial interview and 5 
minutes for any subsequent interviews (up to three additional, if 
necessary).
    Frequency of Response: Four times (maximum).
    Estimated Total Annual Burden Hours: 6,000 (12,000 buildings x 30 
minutes).
    Estimated Total Annual Cost: The only cost to respondents is that 
of their time. The total estimated cost in FY 2014 is $1,750,000.
    Respondent's Obligation: Voluntary.
    Legal Authority: The survey is taken under Title 12, United States 
Code, Section 1701Z.

B. Solicitation of Public Comment

    This notice is soliciting comments from members of the public and 
affected parties concerning the collection of information described in 
Section A on the following: (1) Whether the proposed collection of 
information is necessary for the proper performance of the functions of 
the agency, including whether the information will have practical 
utility; (2) The accuracy of the agency's estimate of the burden of the 
proposed collection of information; (3) Ways to enhance the quality, 
utility, and clarity of the information to be collected; and (4) Ways 
to minimize the burden of the collection of information on those who 
are to respond; including through the use of appropriate automated 
collection techniques or other forms of information technology, e.g., 
permitting electronic submission of responses. HUD encourages 
interested parties to submit comment in response to these questions.

     Authority:  Section 3507 of the Paperwork Reduction Act of 
1995, 44 U.S.C. Chapters 35.

    Dated: January 16, 2014.
Colette Pollard,
Department Reports Management Officer, Office of the Chief Information 
Officer.
[FR Doc. 2014-01355 Filed 1-22-14; 8:45 am]
BILLING CODE 4210-67-P