The invention relates to a method for making a building material by low-temperature ceramic modified industrial side product gypsum, belonging to the building material technical field. The compositions adopted by the method are mixed according to the following mass ratio that: gelating material: side product gypsum: filler: activator: auxiliary agent: water reducing agent: polymer emulsion: solvent is equal to 100:300-900:50-500:80-150:12-30:1.0-10:0-50:50-500. The raw materials respectively undergoes raw material treatments such as gelating material powder preparation, waste gypsum treatment, filler crushing screening and polymer emulsion-solvent mixing and so on, and then are made into a building material which takes low-temperature ceramic mineral generated by the hydration of an inorganic waste residue gelating material as matrix phase and waste residue particle, waste gypsum and a hydration product thereof as disperse phase through the mixing, forming and maintenance working operation of a semi-finished product raw material. The building material has excellent mechanical property, high comprehensive utilization rate of wastes, more derivative products and stable performance.