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Market Absorption of Apartments: 1987 Quarterly Absorptions
Market Absorption of Apartments: 1987 Quarterly Absorptions
H130-87-Q4
Introduction
Privately financed, nonsubsidized, unfurnished rental apartments completed in buildings with five units or more during the July-September 1987 quarter were 64 percent absorbed (seasonally adjusted) 3 months after their completion. This is a decrease of 5 (± 4) percentage points from the 3-month seasonally adjusted rate of 69 percent for apartments completed during the same quarter of 1986. The not seasonally adjusted 3-month rate of 65 percent decreased by 6 (± 5) percentage points from the same period in 1 986. Apartments which have been on the market for 6 months, those completed during April-June 1987, were 87 percent absorbed, similar (± 4 percent) to the 9-month rate of 89 percent for apartments completed during the first quarter.
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Page Last Revised - October 8, 2021
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