Some prototyping PCBs have these sorts of common
strips / rings. Myself, I prefer buying large sheets of
the pad-per-hole Vector board, cutting it into many
little pieces (I tend to do small assemblies more than
large, but I have done complex digital boards of maybe
20 ICs plus passives).
I build up the power and ground bussing as I go with
wire overlaid as you mention, and use insulated wire
for the signal hookups (telephone wire usually, free
and plentiful solid-core with various colors to help
keep them straight). Close-in wiring I may use bare
leads of components where it makes sense. The
pad-per-hole board type has a sort of built-in routing
grid, if you will.