[Federal Register Volume 88, Number 138 (Thursday, July 20, 2023)]
[Notices]
[Pages 46806-46807]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-15383]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

[Docket No. FR-7070-N-40]


30-Day Notice of Proposed Information Collection: Survey of 
Market Absorption of New Multifamily Units; OMB Control No.: 2528-0013

AGENCY: Office of Policy Development and Research, Chief Data Officer, 
HUD.

ACTION: Notice.

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SUMMARY: HUD is seeking approval from the Office of Management and 
Budget (OMB) for the information collection described below. In 
accordance with the Paperwork Reduction Act, HUD is requesting comment 
from all interested parties on the proposed collection of information. 
The purpose of this notice is to allow for an additional 30 days of 
public comment.

DATES: Comments Due Date: August 21, 2023.

ADDRESSES: Interested persons are invited to submit comments regarding 
this proposal. Written comments and recommendations for the proposed 
information collection should be sent within 30 days of publication of 
this notice to www.reginfo.gov/public/do/PRAMain. Find this particular 
information collection by selecting ``Currently under 30-day Review--
Open for Public Comments'' or by using the search function. Interested 
persons are

[[Page 46807]]

also invited to submit comments regarding this proposal and comments 
should refer to the proposal by name and/or OMB Control Number and 
should be sent to: Anna Guido, Clearance Officer, REE, Department of 
Housing and Urban Development, 451 7th Street SW, Room 8210, 
Washington, DC 20410-5000; email [email protected].

FOR FURTHER INFORMATION CONTACT: Anna P. Guido, Reports Management 
Officer, REE, Department of Housing and Urban Development, 451 7th 
Street SW, Room 8210, Washington, DC 20410; phone number 202-402-5535 
or email: [email protected]. This is not a toll-free 
number, HUD welcomes and is prepared to receive calls from individuals 
who are deaf or hard of hearing, as well as individuals with speech or 
communication disabilities. To learn more about how to make an 
accessible telephone call, please visit: https://www.fcc.gov/consumers/guides/telecommunications-relay-service-trs.
    Copies of available documents submitted to OMB may be obtained from 
Ms. Guido.

SUPPLEMENTARY INFORMATION: This notice informs the public that HUD is 
seeking approval from OMB for 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 May 17, 
2023 at 88 FR 31515.

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: Extension without change to a currently approved 
collection.
    Form Number: N/A.
    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 12 months following 
completion of a building. The data are collected at quarterly intervals 
until the 12 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.
    Respondents: Rental Agents/Builders.

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                                       Number of     Frequency of    Responses per     Burden hour per     Annual burden    Hourly cost
      Information collection          respondents      response          annum            response             hours       per response        Cost
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SOMA..............................          12,000               4          48,000  .125 (30 minutes               6,000          $40.51        $243,060
                                                                                     total divided by
                                                                                     four interviews).
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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.
    (5) Ways to minimize the burden of the collection of information on 
those who are to respond, including the use of automated collection 
techniques or other forms of information technology.
    HUD encourages interested parties to submit comments in response to 
these questions.

C. Authority

    Section 3507 of the Paperwork Reduction Act of 1995, 44 U.S.C. 
chapter 35.

Anna P. Guido,
Department Reports Management Office, Office of Policy Development and 
Research, Chief Data Officer.
[FR Doc. 2023-15383 Filed 7-19-23; 8:45 am]
BILLING CODE 4210-67-P