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Privately financed, nonsubsidized, unfurnished apartments completed during the July-September 1984 quarter were 63 percent absorbed (seasonally adjusted) 3 months after their completion. This is about the same as the revised 3-month seasonally adjusted rate of 68 percent for apartments completed during the second quarter of 1984. Apartments which have been on the market for 9 months, those completed during January-March 1984, were 94 percent absorbed.
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