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NMHC Rent Payment Tracker Finds 79.8 Percent of Apartment Households Paid Rent as of April 6

The National Multifamily Housing Council (NMHC)’s Rent Payment Tracker found 79.8 percent of apartment households made a full or partial rent payment by April 6 in its survey of 11.6 million units of professionally managed apartment units across the country. This marks one year of tracking rent payment data following the onset of the pandemic.

This is a 1.9 percentage point increase from the share who paid rent through April 6, 2020 and compares to 82.9 percent that had been paid by April 6, 2019. Microsoft office small business edition 2003 product key. 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.

“This month’s data is more evidence of a recovering economy and the resilience of the multifamily industry,” said Doug Bibby, NMHC President. “While we are not out of the woods yet, there is light at the end of the tunnel. The recently passed American Rescue Plan included $26 billion in rental assistance as well as billions more of housing resources that will prove critical to keeping families safely and securely housed and the nation’s rental housing sector stable.

“As we look forward to growing housing demand and a return to normalcy, it is imperative that temporary policies put in place in response to the pandemic are carefully considered. Specifically, the current extension of the national eviction moratorium should be the last. Moratoriums do not address the underlying financial stress of apartment residents; instead, they force households to accumulate insurmountable levels of debt.

“The industry and its residents have weathered the last year with creativity, compassion and dedication. Now is the time for lawmakers to move ahead with policies aimed at solving the housing affordability challenges that predated the pandemic.”

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Additional data for all rentals can be found in the Census Bureau's Household Pulse Survey >>>

The next Rent Payment Tracker data update will be at 10am ET, May 10, 2021

**Unit counts may change to reflect refinements to the methodologies and changing occupancy levels due to move in-move out activity.

* These figures are as initially reported; these are calendar days, so the specific day of the week can have an affect on these reported figures, as leasing offices can have reduced hours or be closed on those days, creating potential delays for payment processing.

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Resources from our PMS Providers

(Includes some regional data)

ENTRATA

MRI SOFTWARE

REALPAGE

YARDI

Methodology

The NMHC Rent Payment Tracker is a cumulative data tool. Approximately every other week, the PMS providers submit two data points to NMHC: the percentage of apartment households that paid their rent for a specific time period and the total number of occupied units in their data universe (see exclusions listed above). Data is submitted on the following schedule: week one: from the first day of the month through COB on the 6th and from the 1st through the last day of the month, giving us a monthly data point for the “percent who paid”. To recap, the “percent who paid” number will increase each week, until we reach our final “percent who paid” number for the month (see below for how partial rent payments are addressed).

When establishing the initial dates for the Rent Payment Tracker, NMHC wanted to track when rent was officially 'late' and used the close of business on the 5th as that date. After consultation with property managers and data providers we were informed that a variety of dates are used to determine when rent is considered late, with some saying rent isn't late until as late as the 10th. In addition, those that use the 5th as their deadline reported that many people pay on the last day possible and that some of those payments aren't posted until the 6th. Based on this information, NMHC adjusted its methodology to make the close of business on the 6th the deadline for the first week. Moving this date also moved all other reporting dates by one day.

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FAQs about the NMHC Rent Payment Tracker data

Webinar Recordings are posted within 24 hours of the live event.

This spreadsheet is updated each week with cumualtive data starting from April 1, 2020

Download the data | XLS (updated 3/09/2021)

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Entrata
Nate Mathis
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MRI Software
Rachel Antman
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Andrea Massey
RealPageMediaRelations@realpage.com

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Christina Cravens
Christina.cravens@myresman.com

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Jeff Adler
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