NMHC Rent Payment Tracker Update for April 15, 2020
NMHC released its latest rent tracker update, and it shows that rent collections were better than many feared they would be a couple of weeks ago. From their report:
The National Multifamily Housing Council (NMHC) found that 84 percent of apartment households made a full or partial rent payment by April 12 in its second survey of 11.5 million units of professionally managed apartment units across the country, up 15 percentage points from April 5.
While this is good news relative to what many feared it would look like, as you can see from the graph below it is still down from the previous month and from April, 2019: