Table 2. Absorption Rates for Unfurnished Apartments Completed by Rent 
             for the United States and Regions: 1999
    
    (Privately financed, nonsubsidized, unfurnished, rental apartments in 
    buildings with five units or more .  Data regarding asking rent are 
    collected at the initial interview, i.e., 3 months following completion.  
    Details may not sum to totals because of rounding.  Medians and percents
    are computed using unrounded data)
    
    
                                                 Percent absorbed in:
                               Percent         3        6        9       12
                        Total  of total     months   months   months   months
    
        United States  225,900      100          72       89       95       98
    
    Less than $450       8,400        4          81       96       99       99
    $450 to $549        16,200        7          81       92       97       98
    $550 to $649        29,900       13          77       91       98       99
    $650 to $749        43,400       19          74       88       95       98
    $750 to $849        36,100       16          70       88       95       98
    $850 or more        91,900       41          72       87       94       97
    Median asking rent    $791      (X)         (X)      (X)      (X)      (X)
    
       Northeast        16,700      100          85       96       98       99
    Less than $450       1,100        7          96      100      100      100
    $450 to $549         1,900       11          73       98      100      100
    $550 to $649         1,200        7          79      100      100      100
    $650 to $749         1,200        7          89      100      100      100
    $750 to $849           100        1          59       95       99      100
    $850 or more        11,100       67          86       94       97       99
    Median asking rent    $850+      (X)        (X)      (X)      (X)      (X)
    
       Midwest          27,500      100          73       88       95       97
    Less than $450       1,600        6          81       93       98       99
    $450 to $549         2,700       10          80       94       99      100
    $550 to $649         6,500       24          80       93       98       99
    $650 to $749         5,900       21          77       94       98       99
    $750 to $849         3,700       13          69       87       93       96
    $850 or more         7,100       26          62       77       89       93
    Median asking rent    $699      (X)          (X)      (X)      (X)     (X)
    
       South           124,200      100          69       86       94       97
    Less than $450       2,600        2          88       93      100      100
    $450 to $549         7,800        6          79       91       95       97
    $550 to $649        18,300       15          73       89       97       99
    $650 to $749        26,900       22          67       86       94       97
    $750 to $849        24,000       19          69       87       95       98
    $850 or more        44,600       36          66       83       92       96
    Median asking rent    $777      (X)         (X)      (X)      (X)      (X)
    
       West             57,500      100          74       92       97       99
    Less than $450       3,000        5          68       99       99       99
    $450 to $549         3,800        7          74       91       97       98
    $550 to $649         3,900        7          65       92       98       99
    $650 to $749         9,400       16          73       91       97       99
    $750 to $849         8,300       15          76       90       96       99
    $850 or more        29,000       51          77       92       97       99
    Median asking rent    $850+     (X)         (X)      (X)      (X)      (X)
    
    X Not applicable.