October 16, 2020
The Washington D.C.-based National Multifamily Housing Council (NMHC)’s Rent Payment Tracker found that 86.8% of apartment households made a full or partial rent payment by October 13 in its survey of 11.5 million units of professionally-managed apartment units across the country.
The number represents a 2.4-percentage point, or 271,000-household decrease from the share who paid rent through October 13, 2019 and compares to 86.2% that had paid by September 13, 2020.
“While the broader multifamily industry continues to show its resilience at a national level, other metrics in the industry are beginning to highlight the growing localized financial distress due to inaction by political leaders in Washington,” said Doug Bibby, president at NMHC.
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