NMHC Says 69% of Households Paid their Rent by April 5
The National Multifamily Housing Council (NMHC) says that 69% of households paid their rent by April 5th. This figure is 12 points less than the percentage that paid by March 5th and 13 points less than one year ago. The data comes from the NMHC’s Rent Payment Tracker which uses data from 13.4 million units across the country.
“The COVID-19 outbreak has resulted in significant health and financial challenges for apartment residents and multifamily owners, operators and employees in communities across the country,” said Doug Bibby, President of NMHC. “However, it is important to note that a large number of residents met their obligations despite unparalleled circumstances, and we will see that figure increase over the coming weeks…”
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