81% of Apartment Households Paid Rent by June 6th
The National Multifamily Housing Council (NMHC) says that 80.8% of apartment households made a full or partial rent payment by June 6th. This figure represents a 0.7-percentage point decrease in the share who paid rent through June 6, 2019 and compares to 80.2% that paid by May 6th. The data comes from the NMHC’s Rent Payment Tracker which uses data from 11.4 million professionally managed apartment units across the country.
“While our Rent Payment Tracker metric continues to show the resilience and strength of the professionally managed apartment industry, it does not necessarily tell the whole story, as it doesn’t capture rent payments for smaller landlords or for affordable and subsidized properties, and according to Harvard, more than half of renters with at-risk wages due to the pandemic live in single-family and small multifamily rentals with 2–4 units.” said Doug Bibby, NMHC President.