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Some on the currently empty units won't sell, or may sell and remain unoccupied, due to the undesirability within the unit. In heyday of your boom market houses and condos were designed to attract investors not residents. Any number of bargain hunters have realized that the wealth of units currently on the marketplace don't meet their wishes. The designs are poor and almost unlivable. Even at bargain basement price there is no way to add-on to or improve these units so that meet the requirements those actually looking of a place to measure.
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The construction of apartments, which usually fluctuate better than the single family homes, was very strong. It jumped 31 percent for annual rate of 417,000 units, which we haven't seen within the early the year 2006.