We've partnered with Jay Denton, VP of Research, Axiometrics, Inc. to provide you with an insider look at how much new apartment supply is on the way, where it is located and how it is expected to impact the various markets across the country.
Learn how new supply will impact existing properties and what’s on the horizon for the development pipeline for properties.
28. WHAT ISOVERSUPPLY? DEFINITIONS FROM THE WEB
Merriam-Webster
“Thestateoraninstanceofgoingbeyondwhatisusual,proper,orneeded.”
Investopedia
“Anexcessiveamountofagoodorothersubstance.Oversupplyresultswhen
demandislowerthansupply,thusresultinginasurplus.”
“Therearemanyreasonswhyoversupplymayoccur.Ifthereisdemandfora
specificproductthatmeetsacertainneed,thenthatproductmightbecome
oversuppliedifanewandimprovedproductisintroducedthatmakesthe
olderproductobsolete.Oversupplycanalsooccurinsituationswherethe
priceofthegoodorserviceistoohigh,oraboveequilibrium.”
Sources: www.Merriam-Webster.com; www.Investopedia.com
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