Most Americans Still Paying Their Rent – Winston Rowe and Associates

The latest numbers reflect a payment rate of 93 percent compared to the same time last month. These data encompass a wide variety of market-rate rental properties, which can vary by size, type and average rental price.
By: Winston Rowe and Associates
 
NEW YORK - April 17, 2020 - PRLog -- The National Multifamily Housing Council (NMHC) Rent Payment Tracker numbers also examined historical numbers and found that 90 percent of renters made full or partial payments from April 1-12, 2019, and 91 percent of renters in March 1-12, 2020.

The latest tracker numbers reflect a payment rate of 93 percent compared to the same time last month. These data encompass a wide variety of market-rate rental properties, which can vary by size, type and average rental price.

Unfortunately, unemployment levels are continuing to rise and delays have been reported in getting assistance to residents, which could affect May's rent levels. Hopefully residents begin receiving the direct payments and the enhanced unemployment benefits the federal government passed, we will continue to see improvements in rent payments.

More expensive Class A properties, whose resident base may be more able to work from home, are reporting much higher percentage of rent payments than operators of more affordable workforce properties whose residents are more likely to have had their incomes disrupted because of the pandemic.

NMHS 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.

This article was prepared by Winston Rowe and Associates, they are a national consulting firm. Their website is https://www.winstonrowe.com

Media Contact
Senior Staff Writer
processing@winstonrowe.com
248-246-2243
End
Email:***@winstonrowe.com Email Verified
Tags:Real Estate Investing
Industry:Business
Location:New York City - New York - United States
Subject:Surveys
Account Email Address Verified     Account Phone Number Verified     Disclaimer     Report Abuse
Winston Rowe & Associates No Upfront Fee Lenders News
Trending
Most Viewed
Daily News



Like PRLog?
9K2K1K
Click to Share