New US Apartment Construction Overbuilding?

An article by Jay Parsons, Property Management Insider, says the following:New US Apartment Construction Overbuilding?

While MPF Research is reporting that there is a lot of construction occurring, it’s not saying that these markets are being overbuilt. In fact, MPF Research is predicting stable occupancy rates in most of these markets. And here’s why:

The vast majority of metros across the U.S. fall into one of two categories: 1) Metros that are job growth leaders so they are expected to register strong housing demand keeping occupancy in good shape and, 2) Metros that are chronically under stocked with apartments so they need more supply to catch up with demand. Where’s All That New Apartment Construction Going? | Property Management Insider.