A stunning 30% of Americans didn't make their housing payment for June - a figure that is likely going to ripple through the housing industry in coming months. According to a new survey by Apartment List, the rate is similar to May and shows that even though other industries are rebounding, the situation has not yet improved meaningfully in housing.

These figures stood at 24% in April and 31% in May, before falling slightly to 30% in June. One third of the 30% in June made a partial payment, while two thirds made no payment at all.

"Missed payment rates are highest for renters (32 percent), households
earning less than $25,000 per year (40 percent), adults under the age of
30 (40 percent), and those living in high-density urban areas (35
percent). While the missed payment rate for mortgaged homeowners is just
3 percentage points lower than renters," the survey showed.

Who makes these numbers up? And why? 

I mean, we all know the renters not paying rent  percentage  is off by at least a couple hundred percent. 
And anyone with a loan could have filed for forbearance and been instantly improved yet only 8% did. So we can assume that number too is off by at least 100%, probably 200% as well. 

Is it all an attempt to win an election or is it just a make headlines get clicks and earn money clickbait?

We have 1000’s of landlords on this site, what percent do you think would say they have An average 30% default? (Remember it has to be 50% plus to make these numbers work.) I bet it’s under 5%. Probably under 1%. 

Originally posted by @John Farady:
30% Of Americans Didn't Make Their Housing Payment In June

A stunning 30% of Americans didn't make their housing payment for June - a figure that is likely going to ripple through the housing industry in coming months. According to a new survey by Apartment List, the rate is similar to May and shows that even though other industries are rebounding, the situation has not yet improved meaningfully in housing.

These figures stood at 24% in April and 31% in May, before falling slightly to 30% in June. One third of the 30% in June made a partial payment, while two thirds made no payment at all.

"Missed payment rates are highest for renters (32 percent), households
earning less than $25,000 per year (40 percent), adults under the age of
30 (40 percent), and those living in high-density urban areas (35
percent). While the missed payment rate for mortgaged homeowners is just
3 percentage points lower than renters," the survey showed.

Okay but what is the NORMAL delinquency rate for people in that $25k/year bracket? I'll bet the number of people paying after the 1st is in the double digits.

Originally posted by @Bill Brandt :

Who makes these numbers up? And why? 

I mean, we all know the renters not paying rent  percentage  is off by at least a couple hundred percent. 
And anyone with a loan could have filed for forbearance and been instantly improved yet only 8% did. So we can assume that number too is off by at least 100%, probably 200% as well. 

Is it all an attempt to win an election or is it just a make headlines get clicks and earn money clickbait?

We have 1000’s of landlords on this site, what percent do you think would say they have An average 30% default? (Remember it has to be 50% plus to make these numbers work.) I bet it’s under 5%. Probably under 1%.

I didn't realize 1000's of people on Bigger Pockets owned apartment buildings, I missed that somehow. The article distinctly says that it came from Apartment survey. It is easy to track apartment vacancies and lates.That gets filed with statements to the investors.

Typical Investors

"It's different this time . . . "

Maybe only 100’s of us own apartment buildings? But did you notice the misleading title? Why would anyone put 30% miss housing payment when they were talking about only apartment renters, a very small segment of housing? Why not put 30% of apartment renters don’t make payment. I’d still argue that number is off by more than 100%. And then the “apartment survey” goes on to say failure to pay mortgage payments are running “only a few percent lower” also obviously wrong for reasons posted above. 

I have yet to hear any large apartment owner report less than 90% rent paid and most are reporting higher percent than last year in the 95-98% range. 

Ps. Weird that these experts say 90% of their 11.5million units paid in April and May. 

https://www.nmhc.org/research-...

There are all kinds of news sources that have no business writing about REI and have no clue. Every day you see these stories preaching boom one day and bust the next! I read one story that said 93% had paid June. Take it all with a grain of salt.

Our collections have held up quite well, but I've heard talk of others having a much harder time in certain markets and asset classes. Markets that are advertising "no evictions for non-payment" have a notably lower collections rate among my network. However, none of my network has stated that their collections are quite as bad as stated over the course of the full month. It continues to rise throughout the month. If we continue to see eviction freezes then the collections numbers will keep trending downward

@Bill Brandt

So far 0% default rate.

@Bill Brandt I agree. Something fishy about it. Hard to take it for face value.

@John Farady maybe a different group of renters but I just looked at Avalon Bay Communities rent collection and it was 95% for May. Take a look at all the other apartment reits. Nareit says 94.3% for April and 94.7% for May.