Lease Fee Tracker Reveals Households Paying Lease Elevated 1.9% YoY in Early April

by Calculated Threat on 4/11/2021 09:56:00 AM The Nationwide Multifamily Housing Council (NMHC)’s Lease Fee Tracker discovered 79.8 p.c of condominium households made a full or partial lease fee by April 6 in its survey of 11.6 million models of professionally managed condominium models throughout the nation. This marks one yr of monitoring lease fee


by Calculated Threat on 4/11/2021 09:56:00 AM

The Nationwide Multifamily Housing Council (NMHC)’s Lease Fee Tracker discovered 79.8 p.c of condominium households made a full or partial lease fee by April 6 in its survey of 11.6 million models of professionally managed condominium models throughout the nation. This marks one yr of monitoring lease fee information following the onset of the pandemic.


It is a 1.9 proportion level enhance from the share who paid lease by way of April 6, 2020
and compares to 82.9 p.c that had been paid by April 6, 2019. This information encompasses all kinds of market-rate rental properties throughout the US, which might range by measurement, sort and common rental worth.

“This month’s information is extra proof of a recovering economic system and the resilience of the multifamily trade,” mentioned Doug Bibby, NMHC President. “Whereas we aren’t out of the woods but, there’s mild on the finish of the tunnel. The lately handed American Rescue Plan included $26 billion in rental help in addition to billions extra of housing sources that can show essential to preserving households safely and securely housed and the nation’s rental housing sector secure.
emphasis added

Click on on graph for bigger picture.

This graph from the NMHC Lease Fee Tracker reveals the p.c of family making full or partial lease funds by the sixth of the month in comparison with 2019 and to the primary COVID yr. 

Though funds are down from 2019, lease funds are up from final yr.

That is largely for giant, professionally managed properties.  

The second graph reveals full month funds by way of March in comparison with the identical month the prior yr.

NMHC Rent TrackerThis reveals a decline in lease funds year-over-year.

CR Observe: There are some timing points month to month, however full month lease funds have declined year-over-year by way of March.
 



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