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NMHC: Rent Payment Tracker Shows Households Paying Rent Decreased Slightly YoY in Early July

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by Calculated Risk on 7/08/2021 12:52:00 PM

The National Multifamily Housing Council (NMHC)’s Rent Payment Tracker found 76.5 percent of apartment households made a full or partial rent payment by July 6 in its survey of 11.7 million units of professionally managed apartment units across the country.

This is a 0.9 percentage point decrease from the share who paid rent through July 6, 2020 and compares to 79.7 percent that had been paid by July 6, 2019. This data encompasses a wide variety of market-rate rental properties across the United States, which can vary by size, type and average rental price.
emphasis added

Click on graph for larger image.

This graph from the NMHC Rent Payment Tracker shows the percent of household making full or partial rent payments by the 6th of the month compared to 2019 and to the first COVID year.

Although payments are down from 2019, rent payments are mostly unchanged from last year.

This is mostly for large, professionally managed properties.

The second graph shows full month payments through June compared to the same month the prior year.

For June, rent payments were down compared to June 2019 and 2020.

CR Note: There are some timing issues month to month.

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