NMHC Rent Payment Tracker Finds 86.8 Percent of Apartment Households Paid Rent as of October 13
October 15, 2020 | National Multifamily Housing Council
The National Multifamily Housing Council (NMHC)’s Rent Payment Tracker found 86.8 percent of apartment households made a full or partial rent payment by October 13 in its survey of 11.5 million units of professionally managed apartment units across the country.
This is a 2.4-percentage point, or 271,000-household decrease from the share who paid rent through October 13, 2019 and compares to 86.2 percent that had paid by September 13, 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.
“While the broader multifamily industry continues to show its resilience at a national level, other metrics in the industry are beginning to highlight the growing localized financial distress due to inaction by political leaders in Washington,” said Doug Bibby, NMHC President.
