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Report: State rental housing market remains stable
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The Colorado Apartment Association reported the state s rent collection rate was 96.7 percent as of April 27, 0.5 percent lower than rent collections from the previous year, with a 96.2 percent rate recorded in April 2020, according to data analytics firm RealPage. Â
The state has outperformed national rates since tracking rental payments began in April 2020, according to a release from the CAA. According to the National Multifamily Housing Councilâs (NMHC) Rent Payment Tracker, 95% of apartment households in the United States paid rent in the month of April, 1.7 percentage points below Coloradoâs rent collection rate, the release said.
âA 96.7% collection rate in April continues to show us that Colorado residents are able to receive rental assistance, work with their rental housing providers and pay their rent, therefore, the system is working,â Mark Williams, executive vice president of the Colorado Apartment Association, said in the release. â
Coronavirus Economic Weekly News 18April 2021
News posted last week about economic effects related to the coronavirus 2019-nCoV (aka SARS-CoV-2), which produces COVID-19 disease, has been surveyed and some articles are summarized here. We cover the latest economic data, especially the new coronavirus relief bill and stimulus checks, government funding, the latest employment data, housing market reports, mortgage delinquencies & forbearance, layoffs, lockdowns, and schools, as well as GDP. The bulk of the news is from the U.S., with a few more articles from overseas at the end. (Picture below is morning rush hour in downtown Chicago, 20 March 2020.) News items about epidemiology and other medical news for the virus are reported in a companion article.
April 13, 2021
Felician Sister Maria Louise Edwards visits a homeless man in Pomona, Calif., March 4, 2019. (CNS photo/ Elliott Cramer, courtesy Felician Sisters)
As the pandemic provoked shutdowns across the United States in March 2020, Jason s stress level began to climb.
He had to handle cash as an essential employee selling car parts at an AutoZone in McKinney, Texas, a state with no mask mandate. His precarious health asthma, sarcoidosis, chronic obstructive pulmonary disease, allergies put him at a higher risk of serious illness should he contract COVID-19.
As his hours dwindled at work, Jason s ability to pay his bills began to depend on the opportunity to mow someone s grass for quick cash or sell whatever he could find that was sitting in his garage: the tools he still needed, or the motorcycle, which was worth twice what he sold it for. Then last June 8 he lost his job.
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