With rapid urbanization, the disposal and management of urban construction waste have become the main concerns of urban management. The distribution of urban construction waste is characterized by its wide range, irregularity, and ease of confusion with the surrounding ground objects, such as bare soil, buildings, and vegetation. Therefore, it is difficult to extract and identify information related to urban construction waste by using the traditional single spectral feature analysis method due to the problem of spectral confusion between construction waste and the surrounding ground objects, especially in the context of very-high-resolution (VHR) remote sensing images. Considering the multi-feature analysis method for VHR remote sensing images, we propose an optimal method that combines morphological indexing and hierarchical segmentation to extract the information on urban construction waste in VHR images. By comparing the differences between construction waste and the surrounding ground objects in terms of the spectrum, geometry, texture, and other features, we selected an optimal feature subset to improve the separability of the construction waste and other objects; then, we established a classification model of knowledge rules to achieve the rapid and accurate extraction of construction waste information. We also chose two experimental areas of Beijing to validate our algorithm. By using construction waste separability quality evaluation indexes, the identification accuracy of construction waste in the two study areas was determined to be 96.6% and 96.2%, the separability indexes of the construction waste and buildings reached 1.000, and the separability indexes of the construction waste and vegetation reached 1.000 and 0.818. The experimental results show that our method can accurately identify the exposed construction waste and construction waste covered with a dust screen, and it can effectively solve the problem of spectral confusion between the construction waste and the bare soil, buildings, and vegetation.