Table 12. Absorption Rates for Unfurnished Apartments at 3, 6, 9, and 12 Months after Completion, by Region: 1970, 1975-1999 (Privately financed, nonsubsidized, unfurnished rental apartments in buildings with five units or more) Year Total Northeast Midwest South West Total Northeast Midwest South West 3-Month Absorption Rate 6-Month Absorption Rate 1999 72 85 73 69 74 89 96 88 86 92 1998 72 77 74 69 77 89 95 88 88 91 1997 73 55 81 72 72 90 69 95 90 89 1996 72 61 77 69 75 88 71 90 87 91 1995 73 74 75 72 73 89 83 90 90 86 1994 80 96 78 78 85 93 99 91 93 94 1993 75 37 81 76 73 88 64 93 88 86 1992 74 75 80 72 70 91 91 92 91 87 1991 70 83 78 65 68 87 92 90 84 86 1990 67 66 75 64 65 85 85 87 81 87 1989 70 74 75 67 69 86 90 86 84 88 1988 66 52 73 58 69 84 73 86 79 87 1987 63 73 65 59 64 82 85 80 79 86 1986 66 70 70 62 67 84 85 84 81 86 1985 65 68 73 59 68 84 82 86 81 86 1984 67 64 79 63 70 84 77 94 82 87 1983 69 73 86 63 69 85 83 94 81 88 1982 72 74 79 70 72 87 89 90 85 87 1981 80 85 86 78 75 92 94 94 92 91 1980 75 77 77 74 75 90 88 91 90 89 1979 82 87 82 82 81 93 96 93 93 93 1978 82 88 84 81 81 93 97 93 93 94 1977 80 74 81 81 80 94 88 95 93 95 1976 80 85 76 81 84 93 94 93 92 95 1975 70 63 74 68 73 85 77 88 83 90 1970 73 79 74 73 71 87 90 87 86 87 Table 12 continued Year Total Northeast Midwest South West Total Northeast Midwest South West 9-Month Absorption Rate 12-Month Absorption Rate 1999 95 98 95 94 97 98 99 97 97 99 1998 95 98 93 95 96 98 100 96 98 98 1997 95 82 97 95 96 97 83 100 97 98 1996 95 98 94 94 97 98 100 97 98 99 1995 94 90 95 96 91 97 93 96 99 96 1994 97 100 95 97 97 98 100 96 99 98 1993 94 93 97 93 92 96 98 99 95 94 1992 96 97 97 96 94 98 98 99 98 97 1991 93 95 94 92 94 97 97 97 96 97 1990 93 91 94 91 94 96 92 97 95 97 1989 93 94 91 92 95 96 97 95 96 97 1988 91 88 91 90 93 95 93 94 95 95 1987 90 90 86 88 93 94 93 92 93 96 1986 92 92 92 91 93 96 95 95 95 96 1985 92 86 93 90 94 95 88 97 94 97 1984 92 81 98 90 94 96 82 99 94 98 1983 92 86 97 91 94 96 87 98 95 96 1982 93 93 95 92 94 96 96 97 95 97 1981 96 98 97 95 96 97 98 98 97 97 1980 95 94 97 96 94 98 97 99 98 97 1979 97 99 97 97 97 99 99 98 99 99 1978 97 100 97 97 98 99 100 98 98 99 1977 97 95 97 97 98 99 98 98 99 99 1976 97 97 97 96 98 99 99 99 98 99 1975 92 85 93 91 95 95 90 97 95 97 1970 93 94 93 92 94 96 97 96 95 97