Rental Income Rebounding Somewhat After Taking a Dive

As a result of the impact of COVID-19 on the economy, as well as the impact of eviction moratoriums and the like, residential rental income for the apartment sector in the U.S. took a nose dive during the 2nd quarter of 2020.  As the chart below shows, the total revenue for businesses from Rental and Leasing, dropped to $156 Billion during the 2nd quarter of last year, a decline of 16% from the quarter before when the total revenue was nearly $186 Billion.  During the 3rd quarter however, rental revenue rebounded to nearly $180 Billion.

  

Total Revenue For Real Estate and Rental and Leasing, Establishments Subject to Federal Income Tax – 2012 – Present

(click on chart for Live Chart)


Total Revenue For Real Estate and Rental and Leasing, Establishments Subject to Federal Income Tax - 2012 - Present

Individual landlords appear to be doing better…

As the chart below shows, individual landlords appear to have fared a better than their corporate counterparts.  Residential rental revenue for individuals fell over the summer months of last year to a low of $791 Billion in June which was a decline of about 1.6% from March 2020 when the rental revenue was $804 Billion.  In November, the rental revenue grew to $818.7 Billion which represents the highest level ever.

Rental Income of Individuals – 2000 – Present

(click on chart for Live Chart)

ental Income of Individuals - 2000 - Present

  
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