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NMHC: Rent Payment Tracker Finds Most People Paying Rent in June — Bill McBride

Summary:
From the NMHC: NMHC Rent Payment Tracker Finds 80.8 Percent of Apartment Households Paid Rent as of June 6 80% making the monthly makes it seem like it's no problem. But 20% is a problem, and it is chronic. CR Note: It appears people are still paying their rent at about the same rate as last year (down just 0.7 percentage points from a year ago). The disaster relief has been key to helping people pay their bills, especially the extra unemployment benefits and the PPP. Calculated Risk NMHC: Rent Payment Tracker Finds Most People Paying Rent in June Bill McBride

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From the NMHC: NMHC Rent Payment Tracker Finds 80.8 Percent of Apartment Households Paid Rent as of June 6
80% making the monthly makes it seem like it's no problem. But 20% is a problem, and it is chronic.
CR Note: It appears people are still paying their rent at about the same rate as last year (down just 0.7 percentage points from a year ago). The disaster relief has been key to helping people pay their bills, especially the extra unemployment benefits and the PPP.
Calculated Risk
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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