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An estimated total of 82,200 apartments were completed in buildings with five units or more in the third quarter, July-September 1990 (table 11). Approximately 62,200 were privately financed, nonsubsidized, unfurnished, rental apartments. Of these 62,200, an estimated 71 percent were absorbed (seasonally adjusted) 3 months after their completion. This is about the same (±4 per- cent) as the 3-month seasonally adjusted rate of 69 percent for apartments completed in the second quarter of 1990, and about the same (±5 percent) as the 3-month seasonally adjusted rate of 72 percent for apartments completed during the same (third) quarter of 1989. The total number of unfurnished apartments completed in the third quarter is not significantly different (±7,546) than the total of 56,100 units completed in quarter two, but it is significantly higher (±7,319) than the 43,300 unfurnished units completed in the first quarter of 1990 (table 1).
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