NMHC: Rent Payments Down in April

Posted By: Jon Lowder Blog ,

The National Multifamily Housing Council (NMHC) is working with Entrata, MRI Software, RealPage, ResMan and Yardi to generate a rent payment tracker to gauge the effect of the COVID-19 crisis on rent payments. Their initial data shows the following:

Source NMHC Rent Payment Tracker
Source: NMHC Rent Payment Tracker

The National Multifamily Housing Council (NMHC) found a 12-percentage point decrease in the share of apartment households that paid rent through April 5, in the first review of the effect of the COVID-19 outbreak on rent payments. The Tracker found 69 percent of households had paid their rent by April 5; this compares to 81 percent that had paid by March 5, 2020, and 82 percent that had paid by the same time last year...

The NMHC Rent Payment Tracker reflects data from 13.4 million units across the country. The Tracker will be updated on a weekly basis with new data released every Wednesday.

You can access the full data at the NMHC Rent Payment Tracker.