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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.


brg_news_room
May 20, 20241 min read
UAE Economy Soars: IMF Forecasts 4% GDP Growth Amid Structural Reforms
UAE: The UAE’s economy is set to thrive in 2024, with the International Monetary Fund (IMF) forecasting a 4% growth in real GDP and...


brg_news_room
May 15, 20241 min read
Major Hotel Brands Gain Traction in Australia
Australia: Australia's hotel industry is experiencing a surge of activity, with major hotel brand groups actively expanding their...


brg_news_room
May 14, 20241 min read
Dwelling Construction to Witness Significant Growth in Thailand's Major Tourist Destinations
Thailand: In contrast to Bangkok, which only managed to introduce 2,300 condo units, Phuket and Pattaya both surpassed the 3,000-unit...


brg_news_room
May 13, 20241 min read
National Housing Company and Talaat Moustafa Group Collaborate on a Development Project Worth SR31.4 billionUS $837 million in Riyadh.
Riyadh: The National Housing Company of Saudi Arabia and Talaat Moustafa Group have in collaboration announced the commencement of...


brg_news_room
May 13, 20241 min read
Major Housing Initiative: Saudi NHC and Chinese Firm Collaborate to build 20,000 Residential Units in the Kingdom
Riyadh: The Saudi National Housing Co. and China Machinery Engineering Corp. have reached an agreement to construct 20,000 residential...


brg_news_room
May 9, 20241 min read
Malaysian Government Allocates RM8.12 million (US$1.71 Million) for 20 Renovation Projects
MALAYSIA: The Ministry of Housing and Local Government (KPKT) has announced a RM8.12 million (US$1.71 million) funding for the...


brg_news_room
May 6, 20241 min read
Seoul Government to Provide Housing Subsidy to Married Couples with Newborns
Korea: The Seoul Metropolitan Government announced on Sunday that it will provide housing subsidies to couples who do not own a home and...


brg_news_room
May 6, 20241 min read
Kazakhstan Expects to Commission Over 110 million sq. m. of Housing Constructions by 2030
Kazakhstan: Kanat Sharlapaev, Minister of Industry and Construction of the Republic of Kazakhstan, has indicated what the future holds...


brg_news_room
May 6, 20241 min read
Abu Dhabi Launches $953M Residential Project for UAE Citizens
Saudi Arabia: A Dh3.5 billion ($953 million) initiative to provide 1,146 villas for UAE citizens has been unveiled in Abu Dhabi. Sheikh...


brg_news_room
May 6, 20241 min read
Saudi Minister Ends Beijing Visit, Strengthens Ties in Real Estate Development
China: Majed Al-Hogail, Saudi Minister of Municipal, Rural Affairs, and Housing, just returned from a fruitful visit to Beijing, where he...


brg_news_room
May 6, 20241 min read
Australia to Miss Target of 1.2 Million New Homes by 2029, According to State of the Housing System Report
According to an independent analysis, if current trends continue, Australia would fall short of its goal of building 1.2 million new...


brg_news_room
May 6, 20241 min read
China Invests in Construction of 1,400-Apartment Complex in Kabul
Nilabagh, a new residential project in Kabul, is being built with a $71 million investment from a Chinese corporation. The project,...


brg_news_room
Apr 24, 20241 min read
February Building Construction Investment Falls
Canada: Statistics Canada reported a 1% drop in building construction investment in February. From January, the monthly figure fell 1.1%...


brg_news_room
Apr 19, 20241 min read
The Largest Reduction in New-Home Development in Four Years Despite a Housing Scarcity in America
US: As a result of home builders cutting back on new projects, the number of new homes that were built in March decreased by 14.7%....


brg_news_room
Apr 19, 20241 min read
United States Construction Demand May Increase After Election Concern Settles
US: The uncertainty surrounding the election has had a chilling effect on major projects while developers wait to get a read on the...


brg_news_room
Apr 16, 20241 min read
Hotel Pipeline Activity Soars in Americas, Slips in Other Regions.
USA: Hotel pipeline activity increased year-over-year in every region except the Americas at the end of the first quarter, according to...


brg_news_room
Apr 16, 20241 min read
Iraq to Build 52 Residential Cities
IRAQ: According to officials, the Iraqi government has authorised the development of fifty-two new residential communities throughout the...


brg_news_room
Apr 12, 20241 min read
Housing crisis: German Builders want Billions in Subsidies
Germany: Industry organizations have issued a warning that a decline in the construction of new homes in Germany poses a risk of...


brg_news_room
Apr 3, 20241 min read
US Construction Spending Declines in February for the Second Consecutive Month
February saw an unexpected decline in U.S. construction investment as shortcomings in nonresidential and public projects more than...
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