Privately financed, nonsubsidized, unfurnished rental apartments completed during the July-September 1986 quarter were 69 percent absorbed (seasonally adjusted) 3 months after their completion. This is significantly higher than the 3-month seasonally adjusted rate of 63 percent for apartments completed during the second quarter 1986. The nonseasonally adjusted 3-month rate of 71 percent is also higher than the similar rate of 66 percent for second quarter completions. Apartments which have been on the market for 9 months, those completed during January-March 1986 were 93 percent absorbed.