The National Multifamily Housing Council (NMHC) says that 79.8% of apartment households made a full or partial rent payment by April 6th, 2021. This figure is 1.8% higher than those who paid rent through April 6, 2020. The data comes from the NMHC’s Rent Payment Tracker which uses data from 11.6 million professionally managed apartment units across the country – representing a wide variety of market-rate rental properties that can vary by size, type and average rental price.
“This month’s data is more evidence of a recovering economy and the resilience of the multifamily industry,” said Doug Bibby, NMHC President. “While we are not out of the woods yet, there is light at the end of the tunnel. The recently passed American Rescue Plan included $26 billion in rental assistance as well as billions more of housing resources that will prove critical to keeping families safely and securely housed and the nation’s rental housing sector stable.
Click here to read the full report at the NMHC.