Innovative Home Builder
New Product Review Panel
The NAHB Research Center is offering a quick, cost-effective service called the
New Product Review Panel to obtain customer feedback on new products and
services before undergoing extensive develoment. The panel consists of leading
homebuilders, on the forefront of innovation, who have agreed to review the
description of new home building products and services and provide open-ended
feedback. Users of this service get a "reality check" of the merit of new
products or concepts before they undertake further development and gain
customer insight on potential product refinements and market strategies.
How It Operates:
The sponsor decides how many homebuilders are needed to review the new products
or service -- a minimum of 20, and up to 100 -- and the geographic or
demographic criteria for the reviewers. The sponsor then submits a detailed
description and any relevant drawings of the new product or services to the
NAHB Research Center, who will review it for fitness and combine it with a
invitation to the panel for their review. The Research Center posts the
open-ended questionnaire on its website. When the desired number of reviews is
received (typically within a week), the panelists' comments are checked for
completeness and are forwarded to the sponsor.
The Questionnaire:
The NAHB Research Center has designed the questionnaire based on its experience
in new building product commercialization to assure the most important topics
are covered. The sponsor has the right to modify the questions or substitute
questions that are more relevant. The standard questionnaire contains 10
open-ended questions on topics such as:
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Problems solved by the new product/service
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Likelihood of market acceptance
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Possible design improvements
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Potential code issues and barriers
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Acceptable pricing
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Most favored applications of the technology
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Tips for marketing, distribution, installation, and support
Panelists must agree to maintain confidentiality for the new product or service
they are reviewing. The Research Center pays panelists a fee each time they
participate.
Fee for a Review:
The fee to a sponsor for having its product or service reviewed is $125 for each
home builder completing the review. Sponsor modifications to the
questionnaire may result in additional fees.
Let Us Know How We Can Help You
For more information or to get started, contact
Ed Hudson at (800) 638-8556, ext. 6305.
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