A new report from the National Multifamily Housing Council hints at the costs created by the kind of strident local opposition that’s bedeviled new apartment and condominium projects across Connecticut.
Major figures in the banking and commercial and residential real estate industries roundly condemned Wednesday’s attack on the U.S. Capitol Building by supporters of President Donald Trump aimed at halting Congress’ ceremonial affirmation of the 2020 election results.
After initially showing weakness as the month began, the National Multifamily Housing Council’s rent payment statistics show most renters are continuing to make either full or partial payments to their landlords this month.
A major survey of rental payments across America’s market-rate multifamily landlords shows more apartment tenants made full or partial rent payments as of May 13 than at the same time in April
Only 80.2 percent of U.S. apartment-dwellers had paid their May rent as of May 6, prompting a landlord group to renew its appeal for a $100 billion federal direct renter assistance program.
A majority of multifamily developers report construction projects have fallen behind schedule because of disruption caused by the COVID-19 pandemic, according to an industry survey.
April apartment rent payments have increased to 84 percent of renter households through April 12, as the multifamily industry monitors the financial strain caused by the COVID-19 pandemic.
Two national organizations that represent apartment landlords are asking lawmakers for a new stimulus package aimed directly at households that are struggling to pay the rent because of the economic effects of the COVID-19 epidemic.
