The government consultation on future progress in the construction industry and sustainable construction was launched by minister for industry and the regions, Alun Michael.
The review will examine issues such as building design and the code for sustainable homes, improved embedded energy systems, waste minimisation, enhancement of biodiversity and efficiency in carbon emissions.
Announcing the review, Mr Michael said: "The purpose of the review is to create a framework within which the industry can continue to make a strong contribution to improving the quality of our lives and take account of the dynamics of the modern built environment."