NMHC Says 79.4% of Apartment Households Paid Rent by October 6
The National Multifamily Housing Council (NMHC) says that 79.4% of apartment households made a full or partial rent payment by October 6th, 2020. This figure is the same share who paid rent through October 6, 2019 and compares to 76.4% that paid by September 6th, 2020. The data comes from the NMHC’s Rent Payment Tracker which uses data from 11.4 million professionally managed apartment units across the country.
“Our initial findings for October show that despite ongoing efforts by apartment community owners and operators to help residents facing financial distress through creative and nuanced payment plans, rent relief and other approaches, renters and the broader multifamily industry are confronting growing challenges,” said Doug Bibby, NMHC President.
The post NMHC Says 79.4% of Apartment Households Paid Rent by October 6 appeared first on Real Estate Investing Today.