The construction industry plays a significant role in the national economy. In the Philippines, there are very limited research studies involving the use of waste materials as an additional component in producing CHB. Other Asian nations such as Hongkong and Taiwan have been efficiently using waste materials as a component of their CHB. The current study has shown that a mixture of CHB consisting of 3% rubber waste, in terms of its overall volume, yields the best results, both in terms of its specification and its costs. These results were also backed up by other tests in which it had shown in the one-way ANOVA testing that there is a significant difference in results for each different mixture. This means that the waste materials added to the mixtures had a significant effect on the end product. The cost-benefit and value analyses yielded the positive ecological benefits and advantage of innovatively using waste materials as input to CHB manufacture, a breakthrough in the Philippine construction industry.