Monday, June 15, 2020

Update: Are renters having trouble with their rent payments?

In the last two months not much has changed in terms of the percentage of renters who pay their rent on time.  These graphs add the two latest months reporting (May and June) to the three months reported earlier.

The first graph shows data through the first week of June:


This graph shows full month data through the end of May:


Information is provided by the National Multifamily Housing Council whose membership is comprised of owners of large properties.

"These are trying times for the country, and we are reminded on a regular basis how crucial safe and secure housing is during a period of uncertainty and upheaval, so we are glad to see that residents who live in professionally managed properties continue to pay their rent,” said Doug Bibby, NMHC President. “While our Rent Payment Tracker metric continues to show the resilience and strength of the professionally managed apartment industry, it does not necessarily tell the whole story, as it doesn’t capture rent payments for smaller landlords or for affordable and subsidized properties, and according to Harvard, more than half of renters with at-risk wages due to the pandemic live in single-family and small multifamily rentals with 2–4 units."

Here's the link to their full report.

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