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Market Absorption of Apartments Annual: 1983 Absorptions
Market Absorption of Apartments Annual: 1983 Absorptions
H-130-83-5
Introduction
During 1982, completions of privately financed, nonsubsidized, unfurnished apartments in buildings of five units or more totaled about 117,000 units. This represents a decrease of about 14 percent from the 135,400 units completed in 1981 and is 78 percent lower than the 531,700 unfurnished apartments completed in the peak year of 1973. Of the furnished units completed in 1982, 72 percent were rented within the first 3 months of completion, 87 percent within 6 months, and 96 percent within 12 months.
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Page Last Revised - October 8, 2021
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