In a survey of 11.4 million professionally managed apartment units across the country, the National Multifamily Housing Council’s Rent Payment Tracker found that 87.6% of apartment households had made a full or partial rent payment by July 13.
Last month, 89% of renters had made a payment by June 13. This month also marks a 2.5 percentage point drop from July 13, 2019, when 89.9% of renters had made a July rent payment.
“The government support, including unemployment benefits, that has proven so important to so many apartment residents expires at the end of the month,” says Doug Bibby, president of NMHC. “Lawmakers need to continue to protect the individuals and families that call an apartment home. If action isn’t taken now we risk making the nation’s housing affordability challenges far worse, rolling back the initial economic recovery, and putting tens of millions at risk of greater health and financial distress.”