The National Multifamily Housing Council’s Rent Payment Tracker shows that 86.9% of the nation’s apartment households had made a full or partial rent payment for the month of August by Aug. 13.
This reading represents a 2 percentage point, or 222,543-household, decrease from the share of residents who paid rent through Aug. 13th, 2019. For comparison, 87.6% of apartment residents had made a full or partial rent payment by July 13, 2020.
Apartment data is based on a survey of 11.4 million professionally managed market-rate apartment units across the country, collected in partnership with Entrata, MRI Software, RealPage, ResMan, and Yardi.
“At a time when the country is continuing to face a pandemic and suffering from a recession, lawmakers in Congress and the Trump administration must come back to the table and work together on passing comprehensive legislation in the next COVID-19 relief package. While NMHC’s Rent Payment Tracker continues to show that many residents have continued to meet their monthly housing obligations, that is due in large part to the relief enacted under the CARES Act,” says Doug Bibby, NMHC president. “With that support now having expired more than two weeks ago, households across the country are grappling with even greater financial distress. We strongly urge congressional leaders and administration officials to extend critical unemployment benefits and create a rental assistance fund so that America’s tens of millions of apartment residents can remain safely and securely housed.”
