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Market Absorption of Apartments: 1997 Quarterly Absorptions
Market Absorption of Apartments: 1997 Quarterly Absorptions
H130/97-Q4
Introduction
An estimated 66,300 apartments were completed in buildings with five units or more in the third quarter of 1997. This estimate is 9,000 (± 8,240) higher than the 57,300 apartments completed in the second quarter of 1997, but not significantly different from the 71,000 apartments completed in the same quarter of the previous year (Table 11). Of the units completed in the third quarter of 1997, approximately 51,100 were privately financed, nonsubsidized, unfurnished, rental apartments. This estimate is not significantly different from the revised 44,200 unfurnished rental units completed last quarter, nor significantly different from the 53,700 unfurnished completions in the third quarter of 1996.
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Page Last Revised - October 8, 2021
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