by Wolf Richter
Rent collection data from 11.5 million rental apartments.
About 44 million households (107 million people) rent their home: 33% a single-family house; 62% an apartment; and 4% a mobile home. Even before the Pandemic, a large number of renters paid their rent late, or made partial payments, or were a month or more behind and faced evictions. That’s the business of being a landlord, even during the Good Times. But how much worse is it now, on the eve of the expiration of the CDC eviction ban?
December started out on the worst note of the Pandemic yet: Through December 6, only 75.4% of households have made full or partial rent payments (some landlords allow partial rent payments) for December, based on a survey of 11.5 million professionally managed apartments, reported by the National Multifamily Housing Council (NMHC) today.