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NMHC Rent Tracker Shows Rental Payments Rose Since Last Week

NMHC president Doug Bibby cautions that many apartment rental tenants depend on unemployment benefits from the government.

Some 87.6 percent of apartment households made full or partial payments by July 13, according to the National Multifamily Housing Council—an uptick from the 77.4 percent of households who made full or partial rent payments by July 6.  This has been a pattern for apartment rents since the pandemic began.

Indeed, this trend has been a boon for apartment owners, with the majority of tenants making rent payments by the end of the month, even if they miss the first of the month.  The NMHC rent payment tracker shows that 95.9 percent of households paid full or partial rent in June, up 1.3 percent since April.

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Pearl Wu

Pearl Wu

Pearl Wu is the editorial Recognition Desk Manager at ALM Media and oversees the administrative aspects of U.S. Legal awards. Please find our upcoming deadlines here.

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