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NMHC: 75% of Apartment Households Paid Rent as of December 6

The Washington D.C.-based National Multifamily Housing Council (NMHC)’s Rent Payment Tracker found that 75.4% of apartment households made a full or partial rent payment by December 6 in its survey of 11.5 million units of professionally-managed apartment units across the country.

The number represents a 7.8-percentage point, or 894,864-household decrease from the share who paid rent through December 6, 2019 and compares to 80.4% that had paid by November 6, 2020.

“While the initial rent collection figures for the first week of December are concerning, only a full month’s results will paint a complete picture,” said Doug Bibby, president at NMHC. “However, it should not come as a surprise that a rising number of households are struggling to make ends meet. As the nation enters a winter with increasing COVID-19 case levels and even greater economic distress – as indicated by last week’s disquieting employment report – it is only a matter of time before both renters and housing providers reach the end of their resources.”

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.

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