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Nearly a third of apartment tenants in the U.S. did not pay any of their April rent during the first week of the month as the coronavirus pandemic brings about a new economic reality for Americans, according to data released on Wednesday.
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Only 69 percent of tenants paid any of their rent between April 1 and 5, compared with 81 percent in the first week of March and 82 percent in April 2019, according to data from the National Multifamily Housing Council and a group of real-estate data providers.
The count includes renters who only made partial payments, NMHC, a landlord trade group, said. The data does not include renters who may still pay later this month, and does not count paperless payments over the weekend.
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The number reflects data from 13.4 million rental apartments across the country analyzed by several real-estate data firms, including RealPage, Yardi and ResMan. It does not include public housing and other subsidized affordable housing or single-family homes.