Sep 9, 2020 | Dallas Morning News
With the halt in federal unemployment payments, the share of renters who aren’t making their monthly payments has risen significantly.
As of last week, 76.4% of U.S. apartment renters had made their September payments. That’s almost five percentage points less than a year ago and more missed rent payments than earlier in the pandemic.
But in the Dallas-Fort Worth area, a much larger share of apartment renters — more than 87% — had made their September payments as of late last week, according to Richardson-based RealPage. A year ago, more than 90% of D-FW renters were keeping up with their payments.
Apartment landlords had warned that the share of skipped and late rent payments would rise when federally funded unemployment benefits ended in July.
The National Multifamily Housing Council, which represents more than 11 million apartment units across the country, surveys landlords each month to track payments.
Early in the pandemic, renters were having a better time keeping up with payments, despite growing nationwide job losses. In the first weeks of May and June, more than 80% of apartment owners the National Multifamily Housing Council surveyed said their tenants had paid rent for the month.