- According to the National Multifamily Housing Council, 69% of US apartment tenants were able to at least partially pay their rent in the first week of April.
- This time last year, approximately 82% of renters at least partially paid their rent and last month 81% paid.
- Widespread business closures, layoffs and ‘shelter-in-place’ orders due to coronavirus have significantly limited many renters ability to pay.
- The decline excludes single-family home renters and translates into 4 million Americans failing to pay rent.
