Capacite Infraprojects Secures USD 56 Million Luxury Residential Construction Contract in Mumbai India: Capacite Infraprojects Limited has secured a USD 56 million (INR 4,820 million) construction contract from Twenty-Five Downtown Realty Limited for a luxury residential project in Mahalaxmi, Mumbai, strengthening its order book and enhancing revenue visibility over the next 24–36 months. The project reinforces the company's presence in the Mumbai Metropolitan Region (MMR), i

Pennsylvania Adopts 2021 ICC Codes for Industrialized Housing and Modular Buildings U.S.: Pennsylvania’s Industrialized Housing & Buildings Program adopted the 2021 ICC Codes effective June 1, 2026, requiring all industrialized (modular) homes and commercial modular buildings that begin their first stage of production on or after that date to comply with the updated standards. Industrialized homes and commercial buildings constructed and certified before June 1, 2026, but not

Growth of Energy Recovery Ventilation in the Indian Commercial Sector India's Grade-A office space in India’s top seven cities reached about 72 million sq. ft in 2025, growing by 6% on better demand from domestic and foreign companies, according to real estate consultant Colliers. With this growth ventilation systems have gained importance even as Indian Green Building Council (IGBC) rating system require projects to meet minimum fresh air ventilation standards (often referen

Hotel Vietnam has become Asia's largest branded residences market by value, overtaking Thailand and South Korea, according to the Asia Branded Residences Market Review 2026 by C9 Hotelworks. The country's branded residence sector is valued at approximately USD 8 billion, accounting for 20% of Asia's USD 40 billion branded residences market. Growth has been driven by a robust pipeline of 15,762 residential units across 47 projects, supported by strong tourism recovery, infrast

Home Depot Strengthens Position as a Key Player in the US Home Improvement Market USA: Home Depot continues to strengthen its position as one of North America's leading home improvement retailers, benefiting from demand for housing repair, renovation and maintenance projects. The company serves both professional contractors and do-it-yourself customers through its extensive store network and integrated omnichannel platform, offering in-store shopping, online ordering and home

Indonesia Approves US$333.5 Million for Nusantara Development in 2027 INDONESIA: Indonesia's House of Representatives has approved US$333.5 million in funding for the development of the new capital, Nusantara, in 2027, reaffirming the government's commitment to the long-term relocation project. Although the allocation is below the requested amount, it will support ongoing infrastructure works, including the construction of residential towers for the legislative and judicial i

US Construction Employment Increases by 11,000 Jobs in June USA: Construction employment in the United States increased by 11,000 jobs in June, according to data released by the Bureau of Labor Statistics on 2 July. The construction unemployment rate stood at 4.7%, while the overall unemployment rate across all industries declined to 4.2%, remaining 0.1 percentage points higher than a year earlier. Over the past 12 months, construction employment increased by 64,000 jobs, rep

US House Passes Bipartisan ROAD to Housing Act USA: The US House of Representatives passed the 21st Century Renewing Opportunity in the American Dream (ROAD) to Housing Act (H.R. 6644) on 23 June by a vote of 358 to 32. The legislation aims to increase the supply of affordable housing through measures covering land-use and zoning reforms, housing repairs, multifamily financing, environmental review processes and community banking. It also includes provisions supporting manufa

21st Century ROAD to Housing Act Clears Congress to Boost U.S. Housing Affordability U.S.: The 21st Century ROAD to Housing Act Clears Congress to Boost U.S. Housing Affordability after passing the U.S. House of Representatives with a bipartisan 358-32 vote, clearing Congress and awaiting presidential approval, although President Trump postponed the planned signing ceremony while calling for the passage of the SAVE AMERICA ACT. The legislation aims to improve housing affordab

Homebuilder Survey Shows Stable Sales but Softer Buyer Demand United States: The latest BTIG/HomeSphere Homebuilder Survey indicated that conditions for small and mid-sized homebuilders remained broadly stable in May following two months of weaker performance. Around 28% of builders reported higher year-on-year sales, up from 24% in April, while the proportion reporting lower sales declined to 27% from 32%. However, buyer traffic remained subdued, with only 20% of respondents

Construction Spending Increases in April Canada: Investment in building construction reached CAD 23.6 billion (USD 17.2 billion; EUR 14.9 billion) in April, representing an increase of CAD 540.8 million (USD 394.8 million; EUR 341.9 million), or 2.3%, compared with the previous month. Residential building construction accounted for most of the growth, with spending rising by 3.1% to CAD 16.5 billion (USD 12.0 billion; EUR 10.4 billion). The increase in residential investment

Supply Chain and Labour Constraints Challenge Asia-Pacific Construction Growth Asia Pacific: The Asia-Pacific construction sector is facing growing execution risks as supply chain disruptions, labour shortages, and power constraints threaten project delivery despite strong market demand, according to Linesight's latest regional outlook. Escalating geopolitical tensions in the Middle East have pushed global supply chain pressures to their highest level since 2022, increasing c

ASHRAE, PNNL and NEMA Launch AI Data Center Energy Performance Framework U.S.: ASHRAE, in collaboration with Pacific Northwest National Laboratory (PNNL) and the National Electrical Manufacturers Association (NEMA), has released the AI Data Center Energy Performance Framework, providing industry-wide guidance for next-generation data center design and operation. Announced on June 11, 2026, the framework offers practical strategies for both new and existing facilities across t

Saudi Arabia Construction Deals with China and Awards US$506 Million Housing Projects SAUDI ARABIA: Saudi Arabia has awarded US$506 million in housing projects across Riyadh and Dammam and signed six deals and memorandums of understanding with Chinese partners to strengthen cooperation in the construction sector. The agreements cover modern construction technologies, engineering design, financing solutions, knowledge transfer, and public-private partnerships, supporting the K

WCT JV Secures US$130.4 Million Abu Dhabi Construction Contract UNITED ARAB EMIRATES: WCT Holdings Bhd has secured a US$130.4 million subcontract through its joint venture in the United Arab Emirates to deliver the Yas Living Main Works Package in Abu Dhabi. The project, developed by Aldar Development LLC, involves the construction of commercial and residential buildings across two phases. The scope includes structural, architectural, mechanical, electrical, plumbing, and ext

Prolonged West Asia Conflict Puts Delivery of 5.4 Lakh Indian Homes at Risk India: India's residential real estate sector could face project completion delays in 2026 as the ongoing West Asia conflict continues to disrupt global trade routes, commodity markets, and supply chains. According to Anarock, approximately 5.4 lakh homes across the country's seven major cities are scheduled for completion this year, the highest annual delivery target in over a decade. The Mumbai Metr

India Becomes World's Second-Largest Contributor to Construction Growth India: India has surpassed the United States to become the world's second-largest contributor to global construction growth between 2020 and 2030, according to Foundamental's State of the Project Economy 2026 report. The country's rapid infrastructure expansion—spanning highways, railways, airports, ports, metro networks, and logistics corridors—is driving the shift, with only China contributing more to g

China Unveils Five Year Urban Renewal Plan to Modernize Cities by 2030 CHINA: China has announced an ambitious urban renewal strategy under its 15th Five-Year Plan, prioritizing the renovation of unsafe housing, ageing residential communities, urban villages, and historic buildings through 2030. The initiative also includes upgrading parks, sports facilities, underground utility networks, emergency shelters, and accelerating the digitalization of urban housing infrastructure.

Record Housing Supply Strengthens Bengaluru Residential Market in Q1 2026 India: Bengaluru residential market remained India's strongest in Q1 2026, with housing sales surpassing 18,000 units and new launches reaching a record 27,000 units, according to JLL. Demand continued to be driven by the city's resilient technology sector, expanding metro network, and growing preference for larger premium homes. Properties priced above INR 1.5 crore (USD 174,000 or EUR 149,000) account

US Housing Shortage Drives Growing Interest in Affordable Factory-Built Homes USA: The ongoing housing affordability crisis in the United States is driving increased interest in factory-built and modular housing as a faster and more cost-effective alternative to conventional construction. The country entered 2026 with an estimated housing shortfall of approximately 4.03 million homes, while elevated mortgage rates, labour shortages and rising construction costs continue to re