Multi-Housing News (April 23, 2020) -- Apartment owners were happy with April’s rent payment results—which found that 89 percent of renters made rent payments through the 19th of the month, down only 5 percent compared to the same period a year ago, according to the National Multifamily Housing Council’s latest weekly survey. But industry leaders know that it is too soon to breathe easy.
That pessimism about May stems from the fact that the employment picture deteriorated starting in mid-March. During the past four weeks, 21 million Americans have filed unemployment claims as businesses in most states shut down amid stay-at-home orders.
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