Table 3. Absorption Rates for Unfurnished Apartments Completed by Number 
              of Bedrooms and Rent for the United States: 1996

(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 are computed using unrounded data.)

                             Percent          Percent absorbed in:
                             of           3        6        9       12
  Item              Total    Total      months   months   months   months

    Total          191,300      100        72       88       95       98
Less than $350       4,300        2        70       78       99      100
$350 to $449        14,700        8        82       94       96       98
$450 to $549        32,700       17        78       91       96       98
$550 to $649        36,200       19        72       90       96       99
$650 to $749        34,700       18        69       87       95       98
$750 or more        68,800       36        69       86       94       97
Median asking rent    $672      (X)       (X)      (X)      (X)      (X)

   No bedrooms       2,200      100        74       91       95       98
Less than $350         600       26        89       98       99      100
$350 to $449           300       15        63       92      100      100
$450 to $549           200        8        69       88       99      100
$550 to $649           300       13        73       96       97       97
$650 to $749           200        8        80       98      100      100
$750 or more           700       30        66       82       86       93
Median asking rent    $600      (X)       (X)      (X)      (X)      (X)

   1 bedroom        59,300      100        73       89       96       98
Less than $350       1,900        3        43       51       99       99
$350 to $449         6,400       11        85       93       95       97
$450 to $549         8,600       14        72       89       97       99
$550 to $649        14,300       24        73       92       97       99
$650 to $749        14,000       24        72       90       96       99
$750 or more        14,100       24        72       88       96       98
Median asking rent    $639      (X)       (X)      (X)      (X)      (X)

   2 bedrooms      101,000      100        71       87       94       97
Less than $350       1,800        2        93      100      100      100
$350 to $449         7,700        8        81       94       97       99
$450 to $549        19,400       19        80       91       94       97
$550 to $649        16,900       17        68       86       94       99
$650 to $749        16,800       17        67       86       93       97
$750 to $849        15,000       15        66       85       95       98
$850 or more        23,400       23        67       84       93       96
Median asking rent    $677      (X)       (X)      (X)      (X)      (X)

3 bedrooms or more  28,700      100        74       89       96       99
Less than $350         (Z)      (Z)       (Z)      (Z)      (Z)      (Z)
$350 to $449           200        1        85      100      100      100
$450 to $549         4,500       16        79       92       99      100
$550 to $649         4,800       17        86       97       99      100
$650 to $749         3,600       13        61       83       95       98
$750 to $849         3,700       13        71       90       96       98
$850 or more        12,000       42        71       86       95       98
Median asking rent    $785   (X)       (X)      (X)      (X)      (X)

X Not applicable.  Z Fewer than 50 units or less than one-half of one percent.