Table 2. Absorption Rates for Unfurnished Apartments Completed by Rent
         for the United States and Regions: 2002

(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        204,100         100            59       78       88       93

Less than $650           29,700          15            70       86       93       97
$650 to $749             30,300          15            60       82       93       97
$750 to $849             29,100          14            59       80       91       95
$850 to $949             18,900           9            58       76       86       92
$950 to $1,049           18,700           9            62       78       88       93
$1,050 or more           77,400          38            53       74       84       90
Median asking rent         $918          (X)           (X)      (X)      (X)      (X)

   Northeast             19,400         100            51       84       88       96
Less than $650              500           3            42       65       65      100
$650 to $749                300           2            36       36       36      100
$750 to $849                600           3            73       90       94       97
$850 to $949                500           2            61       93       95      100
$950 to $1,049            2,700          14            15       73       84       91
$1,050 or more           14,900          77            52       87       91       95
Median asking rent       $1,050+         (X)           (X)      (X)      (X)      (X)

   Midwest               34,500         100            69       87       93       96
Less than $650            6,500          19            80       91       95       98
$650 to $749             10,000          29            73       92       98       99
$750 to $849              6,800          20            62       89       97       99
$850 to $949              2,500           7            61       79       91       94
$950 to $1,049            1,800           5            65       76       80       85
$1,050 or more            6,800          20            65       80       86       89
Median asking rent         $760          (X)           (X)      (X)      (X)      (X)

   South                 96,200         100            57       77       88       94
Less than $650           17,200          18            65       84       92       95
$650 to $749             15,800          16            52       76       90       95
$750 to $849             17,100          18            57       76       88       94
$850 to $949              9,600          10            58       76       86       93
$950 to $1,049           10,200          11            58       76       88       94
$1,050 or more           26,400          27            54       75       85       92
Median asking rent         $838          (X)           (X)      (X)      (X)      (X)

   West                  54,000         100            58       73       85       90
Less than $650            5,500          10            75       89       96       99
$650 to $749              4,200           8            62       81       92       97
$750 to $849              4,700           9            60       77       88       93
$850 to $949              6,300          12            57       73       83       88
$950 to $1,049            4,000           7            54       72       85       92
$1,050 or more           29,300          54            55       69       82       86
Median asking rent       $1,050+         (X)           (X)      (X)      (X)     (X)

X Not applicable.