Tuesday, December 22, 2020

NMHC: Rent Payment Tracker Shows Households Paying Rent Decreased 3.4% YoY

by Calculated Risk on 12/22/2020 03:22:00 PM

The National Multifamily Housing Council (NMHC)’s Rent Payment Tracker found 89.8 percent of apartment households made a full or partial rent payment by December 20 in its survey of 11.5 million units of professionally managed apartment units across the country.

This is a 3.4 percentage point, or 392,952 household decrease from the share who paid rent through December 20, 2019 and compares to 90.3 percent that had paid by November 20, 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.
emphasis added
NMHC Rent Tracker Click on graph for larger image.

This graph from the NMHC Rent Payment Tracker shows the percent of household making full or partial rent payments by the 6th (dark color) and 20th (light color) of the month.

This is mostly for large, professionally managed properties.

The new disaster relief should help people make their rent payments.