Around a Third of Renters Late on April Payment as Pandemic Hits Housing

A "For Rent" sign is seen on a building Hollywood, California, on May 11, 2016. Robyn Beck/AFP/Getty Images

Nearly a third of tenants in the United States didn’t pay rent in the first week of April, a landlord group stated.

The National Multifamily Housing Council (NMHC), whose research arm has launched a weekly accounting of rent payments, found a 12 percentage point drop in the share of apartment households that paid rent by April 5, the group stated in a release.