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Market Absorption of Apartments: 1998 Quarterly Absorptions
Market Absorption of Apartments: 1998 Quarterly Absorptions
H130/98-Q4
Introduction
An estimated 78,100 apartments were completed in buildings with five units or more in the third quarter of 1998. This estimate is 8,100 (± 7,520) higher than the 70,000 apartments completed in the second quarter of 1998, and 11,800 (± 7,660) higher than the 66,300 apartments completed in the same quarter of the previous year (Table 11). Of the 78,100 units completed in the third quarter of 1998, approximately 61,500 were privately financed, nonsubsidized, unfurnished, rental apartments. This estimate is not significantly different from the revised 55,000 unfurnished rental units completed last quarter, but is 10,100 (± 9,310) higher than the 51,400 unfurnished rental completions in the third quarter of 1997.
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Page Last Revised - October 8, 2021
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