student residence vs building

student residence and building both are nouns.

Word	Noun	Adjective	Verb	Adverb
student residence	Yes	No	No	No
building	Yes	No	No	No

As nouns, building is a hypernym of student residence; that is, building is a word with a broader meaning than student residence:

student residence: a college or university building containing living quarters for students
building: a structure that has a roof and walls and stands more or less permanently in one place

Other hypernyms of student residence include edifice, living quarters, quarters.

student residence (noun)	building (noun)
a college or university building containing living quarters for students	the act of constructing something
	the commercial activity involved in repairing old structures or constructing new ones
	a structure that has a roof and walls and stands more or less permanently in one place
	the occupants of a building