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Apartment Completions by Type, 1970-2012

The following table illustrates estimated apartment completions by type for 1970 to 2012 according to the Market Absorption of Apartments (H130) report published by the US Census Bureau.  All units are in structures with 5 or more units.

Same chart in Excel spreadsheet

Graph 2003-2012: PDF
Graph 1970-2012: PDF

Year Total Apartments Unfurnished Apartments Furnished Apartments Condos and Co-ops Federally Subsidized Other*
Number Percent Number Percent Number Percent Number Percent Number Percent
1970 526,000 328,400 62% 48,200 9% 72,500 14% 55,900 11% 21,000 4%
1971 583,400 334,400 57% 32,200 6% 49,100 8% 104,800 18% 63,000 11%
1972 718,200 497,900 69% 37,700 5% 57,300 8% 93,800 13% 31,400 4%
1973 774,800 531,700 69% 36,200 5% 98,100 13% 82,000 11% 26,800 3%
1974 685,400 405,500 59% 20,700 3% 159,000 23% 75,400 11% 25,000 4%
1975 371,400 223,100 60% 11,100 3% 84,600 23% 38,900 10% 13,800 4%
1976 258,200 157,000 61% 12,800 5% 46,300 18% 32,000 12% 10,000 4%
1977 289,400 195,600 68% 16,200 6% 43,000 15% 26,000 9% 8,700 3%
1978 362,700 228,700 63% 11,200 3% 54,500 15% 54,100 15% 14,300 4%
1979 439,300 241,200 55% 12,100 3% 91,800 21% 87,500 20% 6,700 2%
1980 418,900 196,100 47% 9,700 2% 122,800 29% 79,900 19% 10,500 3%
1981 332,500 135,400 41% 6,000 2% 112,600 34% 66,100 20% 12,500 4%
1982 288,200 117,000 41% 5,400 2% 107,900 37% 48,000 17% 10,000 3%
1983 370,700 191,500 52% 4,700 1% 111,800 30% 47,700 13% 15,100 4%
1984 506,000 313,200 62% 9,800 2% 143,600 28% 28,500 6% 10,700 2%
1985 533,300 364,500 68% 7,400 1% 135,800 25% 12,000 2% 13,700 3%
1986 550,200 407,600 74% 11,600 2% 101,700 18% 23,300 4% 6,000 1%
1987 474,200 345,600 73% 7,900 2% 92,300 19% 17,000 4% 11,300 2%
1988 388,600 284,500 73% 4,300 1% 76,200 20% 15,200 4% 8,400 2%
1989 337,900 246,400 73% 4,900 1% 59,700 18% 19,800 6% 7,200 2%
1990 294,400 214,300 73% 2,900 1% 52,600 18% 13,800 5% 10,800 4%
1991 216,500 165,300 76% 2,800 1% 35,300 16% 9,600 4% 3,500 2%
1992 155,200 110,200 71% 700 0% 31,100 20% 7,000 5% 6,000 4%
1993 124,800 77,200 62% 2,700 2% 32,000 26% 7,700 6% 5,200 4%
1994 154,900 104,000 67% 1,100 1% 34,400 22% 11,800 8% 3,600 2%
1995 212,400 155,000 73% 1,600 1% 36,400 17% 13,700 6% 5,700 3%
1996 251,300 191,300 75% 2,400 1% 36,900 15% 14,200 6% 6,400 3%
1997 247,100 189,200 77% 3,000 1% 35,800 14% 14,100 6% 5,000 2%
1998 273,900 209,900 77% 3,000 1% 34,500 13% 20,000 7% 6,600 2%
1999 291,800 225,900 77% 7,700 3% 34,200 12% 13,600 5% 10,400 4%
2000 300,000 226,200 75% 2,800 1% 36,100 12% 24,200 8% 10,400 3%
2001 281,000 193,100 69% 4,500 2% 45,700 16% 26,700 10% 11,100 4%
2002 288,100 204,100 71% 3,100 1% 37,400 13% 32,100 11% 11,500 4%
2003 261,000 167800 64% 2,200 1% 41,900 16% 37,800 15% 11,300 4%
2004 285,400 155,000 54% 4,400 2% 59,600 21% 55,700 20% 10,800 4%
2005 258,000 111,900 43% 5,400 2% 81,800 32% 45,200 18% 13,600 5%
2006 283,500 117,200 41% 3,300 1% 102,800 36% 52,700 19% 7,500 3%
2007 253,000 103,700 41% 1,200 <1% 93,400 37% 45,400 18% 9,300 4%
2008 276,600 145,700 53% 2,800 1% 71,100 26% 48,500 18% 8,500 3%
2009 259,800 164,300 63% 1,900 1% 38,400 15% 43,300 17% 11,800 5%
2010 146,500 90,500 62% 1,200 1% 18,900 13% 30,600 21% 5,300 4%
2011 129,900 75,300 58% 1,300 1% 10,500 8% 36,300 28% 6,400 5%
2012 157,600 104,900 67% 3,700 2% 6,400 4% 33,900 22% 8,600 5%
* "Other" includes time-sharing units, continuing care retirement units and turnkey housing (privately built for and sold to public housing subsequent to completion)
 

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