随着房地产市场的逐渐回暖，2020年，住宅精装新开盘项目累计数量3742个，同比2.3%；开盘房间累计数量325.5万套，同比-0.1%。其中12月住宅精装开盘项目352个，同比14.3%；开盘项目规模315.9千套，同比18.5%；其中住宅297.9千套，公寓18.0千套。

Construction drone is a unmanned aerial vehicle (UAV), which is used in the construction industry. It can be operated from distantly through remote and battery. The report on the global construction drone market presents a detailed analysis of the trends, future estimations, and thorough study of the market depending on type, application, end user, and region. The report provides details about the various types of construction drones available in the market, which include rotarywing drone and fixed-wing drone. The applications covered in the study include surveying lands, infrastructure inspection, security & surveillance, and others. Residential, commercial, and industrial sectors are the major end users in the construction drone market.

Building information modeling (BIM) is a type of software used by real estate companies; construction firms; and architecture, engineering, and construction (AEC) professionals for effective project life cycle management. The key objective of building information modeling software is to enhance project performance and produce better outcomes. BIM helps construction managers to gather data and information from relevant disciplines and communicate more effectively. Enhanced data communication and coordination among various stakeholders coupled with improved construction productivity provides a leading edge to BIM users. For the purpose of analysis, the report segments the global building information modeling market based on component, deployment model, application, project life cycle, end user, and region. This report features information on business analytics software & service offered by key vendors.

装饰具有明显的地产后周期属性，房地产竣工面积是装饰企业收入的领先指标，21 年地产链条逐渐向竣工传导，密切关注地产后周期企业业绩拐点，重点关注金螳螂、中天精装。

上周回顾：1）2020 年中国国内生产总值首次突破100 万亿元大关。2）据国家统计局公布的数据，2020 年，中国粗钢产量10.53 亿吨，同比增长5.2%。3）广东省今年计划投资8000 亿元建设省重点项目，全力打造新发展格局战略支点。4）广西住建厅发布新版《“美丽广西•宜居城市”建设评价指标体系》。5）2020 年中国对外承包工程新签合同额已超过2500 亿美元，40 年间增长近8000倍。

建筑幕墙是不承担主体结构载荷与作用的建筑外墙围护结构，使用范围包括高层建筑等。建筑幕墙主要用于高层建筑、大跨度公共建筑（如机场、车站、文化中心、会议展览中心）、建筑物采光顶、异型建筑物（如球形、钟型建筑物）、构筑物等，具有外围护和装饰功能，主要产品种类包括石材幕墙、金属幕墙、玻璃幕墙等。建筑幕墙在中国发展近40 年，产品的技术、质量都有了突飞猛进的发展，应用领域更加广泛。

投资建议：我们测算未来五年、十年钢结构产量的复合增速分别为10.7%、9.6%，重点推荐钢结构加工制造龙头鸿路钢构、民营钢结构工程龙头精工钢构，建议关注东南网架。

2020 年固定资产投资增速为2.9%；分项来看，房地产投资增速为7%，基建投资增速为0.9%，制造业投资增速为-2.2%。地产投资复苏明显，基建投资低于预期。虽然基建投资对经济的刺激效果已大不如从前，但对于经济以及就业的托底作用却依然十分关键。基建REITs 有序推进，专项债以及多渠道融资等政策落地后，有望提振今年基建投资。