Table 7. Absorption Rates for Furnished Apartments Completed by Rent and 
                   Number of Bedrooms, for the United States: 1996
    
    (Privately financed, nonsubsidized apartments in buildings with 5 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 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
    
       Units           2,400        100        90       96       99      100
    
    RENT CLASS
    
    Less than $350       100          2        98      100      100      100
    $350 to $549       1,500         62        88       94       99      100
    $550 to $749         100          3       100      100      100      100
    $750 or more         800         32        91      100      100      100
    Median asking rent  $486        (X)       (X)      (X)      (X)      (X)
    
    BEDROOMS
    
    No bedroom           (Z)        (Z)       (Z)      (Z)      (Z)      (Z)
    1 bedroom            800         34       100      100      100      100
    2 bedrooms           200         10        96       98      100      100
    3 bedrooms or more 1,300         55        82       94       99      100
    
    X Not applicable. Z Fewer than 50 units or less than one-half of one 
      percent.