The National Multifamily Housing Council (NMHC)’s Rent Payment Tracker found 80.4 percent of apartment households made a full or partial rent payment by Nov. 6 in its survey of 11.5 million units of professionally managed apartment units across the country.
This is a 1.1 percentage point, or 131,712 household decrease from the share who paid rent through Nov. 6, 2019 and compares to 79.4 percent that had paid by Oct. 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.
“November’s opening rent payment figures show that the additional support apartment residents received over the summer, coupled with generous, innovative approaches put into place by property owners and managers, continue to provide renters with some degree of security against the economic distress facing communities throughout the country,” said Doug Bibby, NMHC president.
“As the results from last week’s elections come into focus, NMHC calls on policymakers in both parties and on both ends of Pennsylvania Avenue to put aside partisanship and instead focus on delivering a comprehensive COVID relief package that helps apartment residents meet their housing obligations, keeps them safely housed and protects the stability of the nation’s rental housing sector.”
Source: NMHC
