NMHC Says 80.4% of Apartment Households Paid Rent by November 6th
The National Multifamily Housing Council (NMHC) says that 80.4% of apartment households made a full or partial rent payment by November 6th, 2020. This figure is 1.1% lower than those who paid rent through November 6, 2019 and compares to 79.4% that paid by October 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.
“November’s opening rent payment figures show that the additional support apartment residents received over the summer, coupled with generous, innovative approaches put into place by property owners and managers, continue to provide renters with some degree of security against the economic distress facing communities throughout the country,” said Doug Bibby, NMHC President.
Click here to read the full report at NMHC.org.
Click here to view the NMHC’s Rent Payment Tracker.
The post NMHC Says 80.4% of Apartment Households Paid Rent by November 6th appeared first on Real Estate Investing Today.