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NMHC: Rent Payments Tick Upward from Early May
The National Multifamily Housing Council (NMHC)’s Rent Payment Tracker found 80.8% of apartment households made a full or partial rent payment by June 6 in the latest survey of 11.5 million professionally managed apartments nationwide. That’s down 0.7 percentage points year-over-year and up 0.6 percentage points from the month-ago period.
“These are trying times for the country, and we are reminded on a regular basis how crucial safe and secure housing is during a period of uncertainty and upheaval, so we are glad to see that residents who live in professionally managed properties continue to pay their rent,” said Doug Bibby, NMHC president.
However, he added, “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.”
Be sure to register for the Connect National Multifamily Update – June webinar, coming up on Thursday, June 11.
For comments, questions or concerns, please contact Paul Bubny
- ◦Economy
