overbuilding

overbuilding definition - business

overbuilding

Building construction that is greater than the market can absorb. Overbuilding can result in falling real estate prices, financial difficulty for contractors, and defaults on real estate loans.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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