Why does the change in Total Units for the market not equal Completions?
Since we cannot get 100% participation each survey period, the ‘Total Units’ surveyed can fluctuate based on the number of communities that participate. Completions are calculated independently of ‘total units’ and are based on the net number of units delivered that were previously under-construction. Completions are reduced by any communities that are demolished or otherwise removed from the rental housing stock.
