As 2016 reaches the halfway mark, Fitch Ratings is maintaining its positive view on multifamily fundamentals overall. However, the ratings agency sees an increasing risk of class A overbuilding in some markets.
“The concentration of high-end construction in 12 metro areas is intensifying and new supply in the student housing sector continues to break records,” according to a Fitch report, issued in advance of a webcast Tuesday morning on the US residential sector. “However, we do not expect the stress in multifamily asset performance to have an overall impact on ratings.”
Read more...Risk of Overbuilding Inches Up for Class A MF | GlobeSt.com