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.
This article originally published at http://dc.urbanturf.com/articles/blog/87-of-renter-households-nationwide-paid-some-july-rent/17072
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