National + Apartments | May 18, 2020

Apartment demand is expected to continue outpacing supply

NMHC Says Renters Continue Meeting Their Obligations

The National Multifamily Housing Council (NMHC)’s Rent Payment Tracker found 87.7% of apartment households made a full or partial rent payment by May 13 in its weekly survey of 11.4 million units of professionally-managed apartment units across the country.

This is a 2.1-percentage point decrease in the share who paid rent through May 13, 2019 and compares to 85% that had paid by April 13, 2020. These data encompass a wide variety of market-rate rental properties across the U.S.

“Once again, despite the economic and health challenges facing so many, we have found that apartment residents who live in professionally-managed properties are meeting their obligations,” said Doug Bibby, NMHC president. “But, it’s important to understand that our metric does not capture rent payments for smaller landlords or for affordable and subsidized properties. These excluded properties are the ones more likely to house residents experiencing financial stress.”

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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).

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