NMHC Rent Payment Tracker

NMHC Rent Payment Tracker Finds 77.4 Percent of Apartment Households Paid Rent as of July 6

The National Multifamily Housing Council (NMHC)’s Rent Payment Tracker found 77.4 percent of apartment households made a full or partial rent payment by July 6 in its survey of 11.4 million units of professionally managed apartment units across the country.

This is a 2.3-percentage point decrease from the share who paid rent through July 6, 2019 and compares to 80.8 percent that had paid by June 6, 2020. These data encompass a wide variety of market-rate rental properties across the United States, which can vary by size, type and average rental price.
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RSK: I think we all expected this as people used their stimulus checks to help pay rent. There will probably be a much larger percentage decrease next month unless another round of assistance happens....and how long can the Feds keep printing money? Up to the election is my bet.



- - Volume: 8 - WEEK: 29 Date: 7/14/2020 9:16:25 AM -