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Market Absorption of Apartments Annual: 1993 Absorptions
Market Absorption of Apartments Annual: 1993 Absorptions
H130/93-A
Introduction
During 1992, a total of 110,200 privately financed, nonsubsidized, unfurnished, rental apartments in buildings of five units or more were completed in permit-issuing areas in the United States (table 1). This is a 33 (± 5) percent decrease from the 165,300 like completions in 1991 and a 49 (± 5) percent decrease from the 214,300 such units completed in 1990. The 1992 total is the lowest level of production of privately financed, nonsubsidized apartments in any year since 1982 when only 117,000 units were built, and is the second lowest total since this survey began publishing in 1970.
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Page Last Revised - October 8, 2021
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