Mid-August rent payments tick up to near-normal levels


HousingWire (August 21, 2020) -- The National Multifamily Housing Council‘s Rent Payment Tracker reports that 86.9% of renting households had paid rent as of Aug. 13, a significant increase from Aug. 6, when just 79.3% had made rent payments.

Year over year, this is just 2% less than rent payments collected Aug. 13, 2019.

RealPage said that although the gradual increase in collections over the course of the month is normal, reduced unemployment benefits still leave renters unsure about where their next payment will come from. Congress went on its summer recess last week without a decision on further unemployment payments.

Read more at: HousingWire