87% of U.S. Renter Households Paid At Least Partial Rent in July
✉️ Want to forward this article? Click here.
The latest data from the National Multifamily Housing Council (NMHC) Rent Payment Tracker shows that renter households are finding it increasingly difficult to make rent.
NMHC reported this week that, as of July 13th, 87.6% of renter households nationwide had made at least a partial rent payment for the month, 2.5% less compared to the same timeframe in July 2019. For comparison, 89% of renters made payments through the first 13 days of June.
Expiring rent relief and eviction moratoriums in some jurisdictions, along with persistently high unemployment, have some experts estimating that up to 28 million people could be evicted and homeless by the end of September.
"The government support, including unemployment benefits, that has proven so important to so many apartment residents expires at the end of the month," NMHC president Doug Bibby said in a statement. "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."
The NMHC tracker aggregates payment software data covering over 11.4 million rental units.
See other articles related to: national multifamily housing council, rent, rent affordability, rent relief
This article originally published at https://dc.urbanturf.com/articles/blog/87-of-renter-households-nationwide-paid-some-july-rent/17072.
Most Popular... This Week • Last 30 Days • Ever
The university and developer Greystar have filed plans with DC for the new Fusion Bui... read »
As the redevelopment of the Mazza Gallerie mall in Friendship Heights heads towards c... read »
One of the critical factors in determining whether refinancing is a wise decision is ... read »
The one-of-a-kind residence was built out of two expansive classrooms, an office, two... read »
Sentinel Real Estate filed a revised conceptual site plan application this week to re... read »
- A First Look At The Big Plans For Howard's Wonder Plaza
- Total Wine Coming To Friendship Heights
- What Is The Best Spread To Refinance Your Mortgage?
- 13 Foot Ceilings, 5,800 Square Feet in a Historic Schoolhouse: A Rare DC Loft Hits the Market
- 256-Unit Project Proposed to Replace Rosslyn Buildings Moves Forward
DC Real Estate Guides
Short guides to navigating the DC-area real estate market
We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Start browsing below!
First-Timer Primers
Intro guides for first-time home buyers
Unique Spaces
Awesome and unusual real estate from across the DC Metro