Of the 68,800 privately financed, nonsubsidized, unfurnished rental apartments completed in buildings with five units or more during the third quarter, July-September 1989, an estimated 72 percent were absorbed (seasonally adjusted) 3 months after their completion. This is significantly higher (±4 percent) than the 3-month seasonally adjusted rate of 67 percent for apartments completed in the second quarter of 1989, but not significantly different (±5 percent) from the 3-month seasonally adjusted rate of 67 percent for apartments completed during the same (third) quarter of 1988.