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Market Absorption of Apartments: 1991 Quarterly Absorptions
Market Absorption of Apartments: 1991 Quarterly Absorptions
H130-91Q4
Introduction
An estimated total of 62,000 apartments were completed in buildings with five units or more in the third quarter, July-September 1991 (table 11). Approximately 48,400 were privately financed, nonsubsidized, unfurnished, rental apartments. Of these 48,400, an estimated 69 percent were absorbed (seasonally adjusted) 3 months after their completion (table 1). This is about the same (±7 percent) as the 3-month seasonally adjusted rate of 66 percent for apartments completed in the second quarter of 1991. It is also about the same (±8 percent) as the 3-month seasonally adjusted rate of 67 percent for apartments completed during the same (third) quarter of 1990 (table 1).
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Page Last Revised - October 8, 2021
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