Privately financed apartments completed during the July-September 1980 quarter were 75 percent. absorbed (seasonally adjusted) 3 months after their completion, This is about the same as the seasonally adjusted rate of 76 percent occupancy in the first 90 days for apartments completed during the second quarter of 1980. The nonseasonally adjusted rate of 76 percent for the third quarter is about the same as the seasonally adjusted rate Apartments which have been on the market for 9 months those completed during January-March 1980 - were 95 percent absorbed (see table 3).