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Market Absorption of Apartments: 1978 Quarterly Absorptions
Market Absorption of Apartments: 1978 Quarterly Absorptions
H-130-78-Q4
Introduction
Privately financed apartments completed during the July-September 1978 quarter were absorbed within 3 months following completion at an estimated seasonally adjusted rate of 79 percent. This is about the same as the seasonally adjusted rate (80 percent) for apartments completed during the second quarter of 1978 (see table 3). The nonseasonally adjusted rate of 82 percent does not significantly differ from the seasonally adjusted rate. The median asking rent for these units was $248. Apartments which have been on the market for 9 months (those completed during January-March 1978) were 98 percent rented.
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Page Last Revised - October 8, 2021
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