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During 1983, completions of privately financed, nonsubsidized, unfurnished apartments in buildings of five units or more totaled 191,500 units. This represents an increase of about 64 percent from the 117,000 units completed in 1982 and is the largest number of unfurnished apartments completed since 1980. Sixty-nine percent of these units were rented within the first 3 months of completion, 85 percent within 6 months, and 96 percent within 12 months.
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