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Calculated Risk: NMHC: Rent Payment Tracker Shows Households Paying Rent Decreased 2.5% YoY


1/26/2021 08:00:00 AM
The National Multifamily Housing Council (NMHC)’s Rent Payment Tracker found 88.6 percent of apartment households made a full or partial rent payment by January 20 in its survey of 11.6 million units of professionally managed apartment units across the country.
This is a 2.5 percentage point, or 294,224 household decrease from the share who paid rent through January 20, 2020 and compares to 89.8 percent that had paid by December 20, 2020. These data encompass a wide variety of market-rate rental properties across the United States, which can vary by size, type and average rental price.
“While there is light at the end of the tunnel with the rollout of vaccines, the country and the multifamily industry continue to face steep challenges,” said Doug Bibby, NMHC President,. “The recently passed COVID relief package included $25 billion in desperately needed rental assistance as well as expanded unemployment insurance. Now, it is critical that ....

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Calculated Risk: NMHC: Rent Payment Tracker Shows Households Paying Rent Decreased 1.7% YoY in Early January


1/08/2021 11:02:00 AM
The National Multifamily Housing Council (NMHC)’s Rent Payment Tracker found 76.6 percent of apartment households made a full or partial rent payment by January 6 in its survey of almost 11.3 million units of professionally managed apartment units across the country.
This is a 1.7 percentage point, or 192,613 household decrease from the share who paid rent through January 6, 2020 and compares to 75.4 percent that had paid by December 6, 2020. These data encompass a wide variety of market-rate rental properties across the United States, which can vary by size, type and average rental price.
“While there is light at the end of the tunnel with the rollout of vaccines, the country and the multifamily industry continue to face steep challenges,” said Doug Bibby, NMHC President, “The recently passed COVID relief package included $25 billion in desperately needed rental assistance as well as expanded unemployment insurance. Now, it is critical th ....

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NAR President: DC Riot 'Shocking,' An 'Assault' On Democracy


Hours after a mob of President Trump‘s supporters overran police and stormed the U.S. Capitol Building, National Association of Realtors (NAR) President Charlie Oppler characterized the situation as an “assault” on America’s democratic principles and said he was shocked.
NAR President Charlie Oppler
Oppler’s statement, issued Wednesday evening, noted that the “scenes we are watching unfold as a nation are shocking and leave us in disbelief.”
“America’s largest trade association stands with our democracy and our nation’s centuries-old observance of peaceful protests and the peaceful transfer of power,” Oppler continued. “What happened today at the U.S. Capitol was an assault on both.” ....

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