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During 1984, completions of privately financed, nonsubsidized, unfurnished apartments in buildings of five units or more totaled 313,200 units. This represents an increase of about 64 percent from the 191,500 units completed in 1983 and is the largest number of nonsubsidized, unfurnished apartments completed since 1974. Sixty-seven percent of these units were rented within the first 3 months of completion, 84 percent within 6 months, 92 percent within 9 months and 96 percent were rented within a year of completion.
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