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Privately financed, nonsubsidized, unfurnished apartments completed during the July-September 1981 quarter were 79 percent absorbed (seasonally adjusted) 3 months after their completion. This is about the same as both the seasonally adjusted 3-month rate of 81 percent for apartments completed during the second quarter of 1981 and the seasonally adjusted rate of 76 percent for third quarter 1980 completions. Apartments which have been on the market for 9 months, those completed during January-March 1981 were 98 percent absorbed.
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