During 1997, a total of 189,200 privately financed, nonsubsidized, unfurnished, rental apartments in buildings of five units or more were completed in permit-issuing areas in the United States. The number is about the same as completions of similar units in 1996, but 22 (±11) percent greater than the 155,000 units completed in 1995. The years 1996 and 1997 showed the largest numbers of such completions since the 214,300 units built in 1990.

Tables

Annual 1998 Absorptions: (Apartments Completed in 1997)

Table 1. Absorption Rates for Unfurnished Apartments Completed, by Geographic Area: 1997 [<1.0 MB]

Table 2. Absorption Rates for Unfurnished Apartments Completed, by Rent, for the United States and Regions: 1997 [<1.0 MB]

Table 3. Absorption Rates for Unfurnished Apartments Completed, by Number of Bedrooms and Rent, for the United States and Regions: 1997 [<1.0 MB]

Table 4. Absorption Rates for Unfurnished Apartments Completed, by Presence of Selected Features and Utilities, for the United States and Regions: 1997 [<1.0 MB]

Table 5. Absorption Rates for Condominium and Cooperative Apartments Completed, by Number of Bedrooms and Regions: 1997 [<1.0 MB]

Table 6. Absorption Rates for Condominium Apartments Completed, by Asking Price and Number of Bedrooms, for the United States: 1997 [<1.0 MB]

Table 7. Absorption Rates for Furnished Apartments Completed, by Rent and Number of Bedrooms, for the United States and Regions: 1997 [<1.0 MB]

Table 8. Apartments Completed in Buildings With Five Units or More: 1970 to 1997 [<1.0 MB]

Standard Errors: Completions in 1986 to 1997 [<1.0 MB]

Standard Errors: Completions in 1985 [<1.0 MB]

Standard Errors: Completions in 1970 to 1984 [<1.0 MB]

Related Information

SOMA Publications

Page Last Revised - October 8, 2021

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