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Latest News from BRG and the Global Building Products Industry
Stay informed regarding BRG's latest publications and industry news covering the markets for HVAC equipment, components & controls, bathroom & kitchen products, plumbing, pipes, valves & fittings and thermal insulation.

Retal Signs $252M Deal with Saudi Arabia’s NHC to Develop 947 Residential Units in Riyadh
Saudi Arabia: Retal Urban Development Company announced agreements with Saudi Arabia’s National Housing Company (NHC) to develop 947...
brg_news_room
Oct 27, 20241 min read

US Treasury Awards USD 246.4 Million for Affordable Housing and Community Facilities
US: The U.S. Department of the Treasury's Community Development Financial Institutions (CDFI) Fund has awarded USD 246.4 million to 48...
brg_news_room
Oct 23, 20241 min read

Abu Dhabi Has 45 Housing Projects in Progress
UAE: Real estate developers in Abu Dhabi are currently working on 45 new projects, primarily located on Yas and other islands in the...
brg_news_room
Oct 23, 20241 min read


China Increases Loan Quota for Unfinished Residential Projects to USD 562 Billion
China: China has announced an increase in the loan quota for unfinished residential projects to 4 trillion yuan (approximately 562...
brg_news_room
Oct 20, 20241 min read

Australia to Tackle Construction Industry Challenges with New Reform Blueprint
Australia: Leaders from Australia’s building and construction industry, including unions, contractors, subcontractors, and government...
brg_news_room
Oct 17, 20241 min read


Affordable Housing Supply Shrinks to 13% in India's Top Six Cities
India: The supply of affordable housing, defined as units priced under Rs 40 lakh (47,000 USD approximately), in India's top six...
brg_news_room
Oct 6, 20241 min read

Thailand Condominium Market Slumps as Chinese and Russian Buyers Withdraw
Thailand: Thailand's condominium sales are experiencing a downturn following a surge driven by foreign buyers from China, Russia, and...
brg_news_room
Oct 1, 20241 min read


Indonesia Targets Massive Housing Initiative to Address Shortage
Indonesia: Indonesia's incoming government has set a target to build 2 million houses annually in rural areas and 1 million apartment...
brg_news_room
Sep 30, 20241 min read

Queensland Launches Largest Social Housing Development Project
Australia: Construction is set to begin on Queensland’s largest social and affordable housing project, which will deliver 490 homes in...
brg_news_room
Sep 24, 20241 min read


Alberta on Track for Record Housing Starts in 2024
Canada: Monthly data from the Canada Mortgage and Housing Corporation (CMHC) shows that Alberta is on pace for a record number of housing...
brg_news_room
Sep 24, 20241 min read

BoE Rate Cut Spurs UK Housing Market, Yet Concerns Remain
UK: Britain's housing market gained momentum in September, driven by the Bank of England's first interest rate cut in over three years...
brg_news_room
Sep 18, 20241 min read

Philippines Sees Slowest Construction Material Price Increase in 6 Years
Wholesale prices of building materials in Metro Manila rose at their slowest rate in over six years, while retail prices remained stable,...
brg_news_room
Sep 17, 20241 min read


Governor Hochul Unveils $93M Affordable Housing Complex in East Buffalo
US:Â Governor Kathy Hochul announced the completion of a $93 million affordable housing complex in East Buffalo, replacing the aging...
brg_news_room
Sep 12, 20241 min read

Eurozone Construction Activity Falls Sharply Amid Ongoing Housing Challenges
Europe: Construction activity in the Eurozone saw a sharp decline in August, driven by ongoing difficulties in the residential sector....
brg_news_room
Sep 9, 20241 min read

European Construction Set to Rebound in 2025 as Building Permits Surge
Europe: The EU construction sector is expected to see a 1.5% decline in 2024, a larger decrease than previously forecast, largely due to...
brg_news_room
Sep 5, 20241 min read

Green Buildings Gain Traction in Vietnam, Could Become Compulsory by 2025
Vietnam: Green construction is gaining momentum and may soon become a compulsory standard in Vietnam. The focus on using eco-friendly...
brg_news_room
Sep 4, 20241 min read

U.S. Construction Spending Drops in July Due to High Mortgages and Increased Supply
US: Construction spending in the US fell by 0.3% in July, a larger drop than the 0.1% expected by economists, as rising mortgage rates...
brg_news_room
Sep 3, 20241 min read

Australian Home Building Approvals Surge in July, But Challenges Persist
Australia: New home building approvals have reached a 14-month high, signaling a return of market confidence. According to the Australian...
brg_news_room
Sep 3, 20242 min read


Cabinet Approves PMAY-U 2.0 to Build 10 million Urban Homes in India
India: The Union Cabinet has approved the Pradhan Mantri Awas Yojana-Urban (PMAY-U) 2.0 scheme, aiming to construct 1 crore houses with a...
brg_news_room
Aug 20, 20241 min read


Residential Building Output Falls 1.3% in Q2 Amid Housing Completion Pressure in Europe
Europe: The volume of production in the residential building sector declined by 1.3% between April and June, following a 7.3% growth in...
brg_news_room
Aug 20, 20241 min read
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