The law of supply and demand notwithstanding, are there any cases where increased housing supply has been the proximate cause of a decline in housing values? B

The law of supply and demand notwithstanding, are there any cases where increased housing supply has been the proximate cause of a decline in housing values? By "proximate", I don't mean "my home's value dropped more after the bubble popped than I think it should have because [points to new housing]". I mean the housing built as a consequence of relaxed laws directly caused the decline. Houston seems like a good case study as it lacks zoning and vast swaths don't have deed restrictions, either.