The invention relates to an unsteamed concrete air-filled insulating brick produced from building waste, and a production method of the insulating brick. The insulating brick is prepared from the raw materials in parts by weight: 30-40 parts of cement, 20-30 parts of aggregate, 8-10 parts of CaO, 3-5 parts of CaSO4, 3-5 parts of carbamide, 3-5 parts of polyvinyl alcohol, 5-10 parts of cellulose hydroxypropyl methyl, 3-5 parts of calcium formate, 5-10 parts of foaming agent and 40-60 parts of external water, wherein cement contains one or more than two of common silicate, high-alumina cement, fly ash cement, alumina cement and aluminate cement; the aggregate is building waste with the particle size being less than or equal to 5mm; and the foaming agent contains one or more than two of aluminium powder, aluminium powder paste, hydrogen peroxide and sodium hydrogen carbonate. The unsteamedconcrete insulating brick is prepared by material preparing, mixing, injection molding and curing. Therefore, the land occupation and the living environmental pollution caused by the building waste can be effectively reduced, and the produced unsteamed concrete air-filled insulating brick has the advantages of good heat insulation effect, light weight, good sound insulation effect and high strength, and can be nailed and sawed; and the construction intensity can be reduced.