Table 3. Absorption Rates for Unfurnished Apartments Completed by Number 
              of Bedrooms and Rent for the United States: 1999

(Privately financed, nonsubsidized, unfurnished, rental apartments in 
buildings with five units or more.  Data regarding number of bedrooms 
and 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          Percent absorbed in:
                             of           3        6        9       12
  Item              Total    Total      months   months   months   months

    Total          225,900      100        72       89       95       98
Less than $450       8,400        4        81       96       99       99
$450 to $549        16,200        7        77       92       97       98
$550 to $649        29,900       13        74       91       98       99
$650 to $749        43,400       19        70       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)

   No bedrooms       3,900      100        64       80       85       90
Less than $450         300        7        92       98       98       98
$450 to $549           400       11        68       98      100      100
$550 to $649           300        9        86      100      100      100
$650 to $749           200        5        80       99      100      100
$750 to $849           200        5        84       95       99      100
$850 or more         2,500       64        54       69       77       84
Median asking rent    $850+      (X)       (X)      (X)      (X)      (X)

   1 bedroom        79,900      100        73       89       96       98
Less than $450       3,700        5        93       96       99       99
$450 to $549         7,100        9        79       92       97       99
$550 to $649        17,400       22        71       89       97       99
$650 to $749        17,900       22        70       89       96       99
$750 to $849        11,800       15        70       88       94       99
$850 or more        22,100       28        72       87       94       98
Median asking rent    $715       (X)      (X)       (X)      (X)      (X)

   2 bedrooms      112,400      100        71       88       95       97
Less than $450       3,000        3        72       95       99      100
$450 to $549         6,700        6        71       91       96       96
$550 to $649        10,400        9        78       93       98      100
$650 to $749        20,900       19        67       87       94       97
$750 to $849        20,000       18        70       87       94       97
$850 to $949        14,800       13        67       84       93       97
$950 or more        36,700       33        73       88       94       97
Median asking rent    $826       (X)       (X)      (X)      (X)      (X)


3 bedrooms or more  29,700      100        75       93       97       99
Less than $450       1,400        5        64      100      100      100
$450 to $549         2,100        7        91       98       99      100
$550 to $649         1,800        6        69       94       98      100
$650 to $749         4,400       15        80       96       99      100
$750 to $849         4,200       14        70       93       99      100
$850 to $949         3,800       13        67       89       96       98
$950 or more        12,100       41        77       90       96       98
Median asking rent    $877      (X)        (X)      (X)      (X)      (X)

X Not applicable.