Table 3. Absorption Rates for Unfurnished Apartments Completed by Number
              of Bedrooms and Rent for the United States: 2001

(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              193,100           100          64          82          91          95
Less than $550          13,800             7          73          89          96          99
$550 to $649            20,800            11          63          85          92          97
$650 to $749            25,100            13          66          84          92          97
$750 to $849            27,800            14          60          79          89          95
$850 to $949            28,100            15          58          78          88          94
$950 or more            77,400            40          65          81          90          95
Median asking rent        $881            (X)         (X)         (X)         (X)         (X)

   No bedrooms           3,800           100          67          81          90          94
Less than $550             800            21          85          91          98         100
$550 to $649               400            10          68          80          81          95
$650 to $749               300             7          79          93          99          99
$750 to $849               100             3          51          71          99         100
$850 to $949               200             5          44          67          86          95
$950 or more             2,000            53          62          78          87          91
Median asking rent        $950+           (X)         (X)         (X)         (X)         (X)

   1 bedroom            63,600           100          67          81          90          94
Less than $550           7,500            12          85          91          98         100
$550 to $649             7,200            11          68          80          81          95
$650 to $749            11,500            18          79          93          99          99
$750 to $849            11,000            17          51          71          99         100
$850 to $949             7,000            11          44          67          86          95
$950 or more            19,300            30          62          78          87          91
Median asking rent        $800            (X)         (X)         (X)         (X)         (X)

   2 bedrooms           98,100           100          62          80          89          95
Less than $550           4,100             4          64          83          90          99
$550 to $649            11,000            11          62          86          94          97
$650 to $749            11,000            11          69          84          93          97
$750 to $849            14,000            14          59          75          86          93
$850 to $949            18,400            19          58          76          87          93
$950 to $1049           11,000            12          69          84          92          96
$1050 or more           28,500            29          61          79          88          94
Median asking rent        $898            (X)         (X)         (X)         (X)         (X)


3 bedrooms or more      27,500           100          63          84          92          97
Less than $550           1,400             5          63          81         100         100
$550 to $649             2,100             8          44          90          94          97
$650 to $749             2,400             9          58          78          91          98
$750 to $849             2,700             9          55          87          93          97
$850 to $949             2,400             9          67          83          90          93
$950 to $1049            2,800            10          65          80          91          97
$1050 or more           13,700            50          68          84          92          96
Median asking rent       1,047            (X)         (X)         (X)         (X)         (X)

X Not applicable.