Call it another casualty of COVID-19: rent collections have fallen 3.4% year-over-year in December 2020, according to National Multifamily Housing Council data.
The NMHC’s Rent Payment Tracker, which surveys 11.5 million units of professionally managed apartments across the country, found that 89.8% of apartment households made either a full or partial rent payment by December 20. That’s 393,952 fewer households than the share who paid rent by that date in 2019. NMHC data shows that 90.3 percent of households paid rent by November 20, 2020.
Read more...Nearly 90% Of Renters Paid Up in December via GlobeSt