Overbuilding refers to the construction of more buildings than required or necessary, resulting in a surplus of commercial or residential spaces. There are several synonyms for the word "overbuilding," including overdevelopment, excessive construction, and oversupply. Other synonyms for overbuilding include excess construction, surplus development, and overconstruction. These issues can arise when developers plan and construct new buildings without a thorough understanding of the local real estate market, resulting in an oversupply of properties. Overbuilding can lead to a drop in property values, increased competition for tenants or buyers, and a decline in community aesthetics, making it vital for developers to conduct market research before embarking on new construction projects.