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Pending Home Sales Fall Amid Tight Supply

NMHC: Renters Step Up Again with On-Time Payments

The National Multifamily Housing Council (NMHC)’s latest Rent Payment Tracker found 80.2% of apartment households made a full or partial rent payment by May 6. This is a 1.5-percentage point decrease in the share who paid rent through May 6, 2019, but a 2.2-percentage point increase over April 6 of this year.

“Despite the fact that over 20 million people lost their jobs in April, for the second month in a row, we are seeing evidence that apartment renters who can pay rent are stepping up and doing so,” said Doug Bibby, NMHC president. “We expect May to largely mirror April.”

Bibby added, though, “we are in uncharted waters and will be watching this closely over the course of the month.” The Rent Tracker is based on a survey of 11.4 million professionally-managed apartment units nationwide. NMHC is updating the results on a weekly basis.


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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).