Fewer apartment households paid the rent by the end of the month since April, though the decrease is only 1.38% year over year amid the COVID-19 pandemic and high unemployment.
The National Multifamily Housing Council's latest Rent Payment Tracker report includes looks at how many renters paid by the end of the month and by the 6th of each month. The data come from its survey of 11.4 million apartment units in the United States.
For the April through August time period in 2020, an average of 95.16% of multifamily households had paid rent by the end of the month. That compares with 96.54% in 2019, a difference of 1.38%.
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Thomas Phillips
Thomas Phillips is part of the social media team at ALM Media.
