US US: A new master-planned community in Denton, North Texas is set to be developed on a 2,500-acre site with an estimated investment of about US$5.1 billion. The project will include over 9,200 homes, comprising 7,091 single family units, 584 townhomes and 1,515 multifamily residences, along with 1.2 million square feet of commercial space and a central park of more than 300 acres. Plans also include three new schools to serve future residents, with initial construction of 8

France France: Sales of thermal and HVAC equipment in 2025 remained low, according to figures released by industry association Uniclima, marking a second consecutive year of subdued demand. Total unit sales for key technologies such as individual gas and oil boilers, heat pumps and solar water heaters declined compared with 2024, although some segments showed marginal improvements. The cumulative market for boilers and heat pump systems remained significantly below levels see

Kajaria Ceramics Reports Q3 FY26 Results With Flat Revenue and Strong Margin Gains India: Kajaria Ceramics reported flat consolidated revenue of USD 127.4 million for Q3 FY26 compared with the year-ago quarter, with tile volumes showing no growth and no contribution from discontinued plywood sales. The company delivered an improved EBITDA margin of 17.20% (up 442 bps YoY) and profit before tax of USD 18.0 million, while net profit rose to USD 9.6 million in the quarter. Seque

France to Introduce European Preference Criteria for Heat Pump Installation Aid From September France: From September, the French government will apply a European production preference for heat pump installation aid under energy saving certificates (CEE), limiting eligibility to approved, efficient air-to-water or water-to-air models manufactured in Europe. To qualify, the refrigeration circuit must be assembled in Europe, and consumers selecting these models will continue to

Aldar to Add 3,000 Homes to Abu Dhabi Market Amid Strong Demand UAE: Aldar Properties will begin construction of nearly 3,000 new homes in Abu Dhabi this year, responding to rising residential demand. The developments, with a combined gross development value of AED 23 billion (USD 6.26 billion), will be built on 2.3 million square metres of newly acquired land across Saadiyat Island and Yas Island, Aldar said in a filing to the Abu Dhabi Securities Exchange.   Saadiyat plots

EU Backs Recovery Payment for Czechia After Reform Progress CZECH REPUBLIC: The European Commission has given a positive assessment of Czechia’s fifth payment request worth US$ 725.2 million (€614 million) under the EU Recovery and Resilience Facility. The approval follows Czechia’s satisfactory completion of 29 milestones and targets linked to reforms and investments in affordable housing, sustainable transport, energy efficiency, rail infrastructure, environmental research

Reused Collider Heat Helps Warm French Homes FRANCE: CERN has begun using waste heat from the Large Hadron Collider (LHC) to warm french homes and businesses in Ferney-Voltaire, a town near its facilities on the French border. A new heat-exchange system captures hot water from the LHC’s cooling process and transfers its thermal energy to a local district heating network. Two 5-MW heat exchangers are installed, currently supplying up to 5 MW, with potential to double when oper

Bosch Home Comfort Group Reports Stable Sales and Strategic Gains in 2025 GERMANY: Bosch Home Comfort Group maintained stable performance in 2025 despite a challenging global HVAC market marked by weaker demand in North America and uncertainty in Europe. Preliminary sales reached around US$5.20 billion (€4.4 billion), broadly in line with the previous year, while nominal growth edged up 0.3%. The company gained notable market share in European heat pumps and air conditioning,

Lennox Posts Softer 2025 Sales but Lifts Margins and Sets 2026 Growth Outlook USA: Lennox reported mixed results for 2025, with revenue slipping 3% to US$ 5.2 billion amid weaker volumes, channel destocking and subdued construction demand. Fourth-quarter revenue fell 11% year on year, while adjusted earnings per share declined 22%. Despite this, the company achieved record annual margins above 20%, supported by cost controls, pricing discipline and favourable product mix. Hom

Europe Housing Landscape in 2025: Ownership Dominates, Affordability Strains Intensify EUROPE: Housing conditions across the European Union in 2025 reveal a market shaped by high ownership, rising costs and growing affordability challenges. In 2024, 68% of EU residents owned their homes, with ownership rates exceeding 90% in Romania, Slovakia, Hungary and Croatia. Germany remained the only country where renting predominated. Just over half of Europeans lived in houses, though

India’s Union Budget 2026–27 Reinforces Infrastructure-Led Growth INDIA: India’s Finance Minister Nirmala Sitharaman has presented the Union Budget for 2026–27, reinforcing the government’s infrastructure-led growth strategy with a record outlay of ₹12.2 trillion (USD133 billion) for infrastructure in FY2027—an 11.4% increase year on year. Roads, ports and railways remain central to the agenda of the Narendra Modi government, with a renewed emphasis on expanding connectivity

China’s Household Air Conditioner Market Sees Marginal Growth in 2025 CHINA: Latest data from ChinaIOL show that China’s household air conditioner market softened slightly in 2025 amid high market saturation. Domestic sales reached 105.2 million units, up a marginal 0.7% year on year, while exports declined 3.3% to 93.2 million units, reflecting weaker overseas demand. With air conditioner ownership already at elevated levels, new demand continued to fade. Market activity was