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NMHC: 86% of Apartment Households Paid Rent as of September 13

The Washington D.C.-based National Multifamily Housing Council (NMHC)’s Rent Payment Tracker found that 86.2% of apartment households made a full or partial rent payment by September 13 in its survey of 11.4 million units of professionally-managed apartment units across the country.

The number represents a 2.4-percentage point decrease from the share who paid rent through September 13, 2019 and compares to 86.9% that had paid by August 13, 2020.

“While it remains clear that many apartment residents continue to prioritize their housing obligations and that apartment owners and operators remain committed to meeting them halfway with creative and nuanced approaches, the reality is that the second week of September figures shows ongoing deterioration of rent payment figures, representing hundreds of thousands of households who are increasingly at risk,” said Doug Bibby, president at NMHC.

For comments, questions or concerns, please contact David Cohen

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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.