Will Market Digest New MF Supply Pipeline?

In preparation for the multifamily quarterly feature in Real Estate Forum magazine, we sat down with many multifamily experts from around the country. In the first part of this series, we talked about whether or not apartment vacancy will tick upward in 2016. In part two, we talk about multifamily construction and absorption. Will falling homeownership rate and increased desire for infill housing cause the historical new jobs versus apartment absorption ratio to fall? One source seems to this so in this exclusive Q&A below.

GlobeSt.com: As of now, it seems as though multifamily construction is slightly outpacing net absorption. What are your thoughts on that? Should we expect vacancy increased to accelerate? Will the market be able to digest the new supply in the pipeline?