NMHC Reports Rent Payments Down To 76.4%, The Lowest Yet
Only 76.4% of U.S. apartment households had made a full or partial rent payment by Sept. 6, according to the latest National Multifamily Housing Council’s Rent Payment Tracker. That is the lowest level since the beginning of the coronavirus pandemic, down from 79.3% as of Aug. 6.

The drop in payments comes about a month after the federal government quit paying an additional $600/month to recipients of unemployment insurance payments, which was in addition to what states were paying in job benefits.

RSK: I bet this trend will continue, unfortunately.

- - Volume: 8 - WEEK: 38 Date: 9/15/2020 8:42:42 AM -