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An estimated 70,900 apartments were completed in buildings with five units or more in the third quarter of 1996. This estimate is not significantly different than the 66,100 apartments completed in the second quarter of 1996, and also not significantly different than the 65,300 apartments completed in the same quarter last year (table 11). Approximately 53,300 units were privately financed, nonsubsidized, unfurnished, rental apartments. This estimate is not significantly different than the revised 50,900 unfurnished units completed last quarter, and also not significantly different than the 48,000 completions in the third quarter of 1995.
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