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Market Absorption of Apartments Annual: 1992 Absorptions
Market Absorption of Apartments Annual: 1992 Absorptions
H130/92-A
Introduction
During 1991, a total of 165,300 privately financed, nonsubsidizec, unfurnished rental apartments in buildings of five units or more were completed in permit-issuing areas in the United States. This is a 23 (± 7) percent decrease from the 214,300 like completions in 1990 and a 33 (± 6) percent decrease from the 246,400 such units completed in 1989. The 1991 total is the lowest level of production of privately financed, nonsubsidizec apartments since 1982, when only 117,000 were built. The Northeast showed a 46 (± 22) percent decrease and the West a 29 (± 11) percent decrease between 1990 and 1991. Comple- tions of unfurnished rental apartments in the South decreased by 18 (± 12) percent but the number completed in the Midwest was not significantly lower than in 1990 (table 1).
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Page Last Revised - October 8, 2021
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