Residential Occupancies
Homebuilders often argue the added cost of
adding fire sprinklers chase away potential homebuyers.
The attached NFSA
White Paper on Residential Fire Sprinklers provides a response to this
myth. Common sense would suggest
the granite kitchen countertop or the special bathroom fixtures would then also
chase away consumers. The interest
rate coupled with income dictate the value of the house one may purchase and the
minor added cost of fire sprinklers would have no more impact than the cost of
other glitter features homebuilders use to showcase their homes.
Forecasting demand for single-family residential fire sprinkler markets, particularly when the market does not exist can be and is a major task. This paper explains a market forecasting system using proven statistical forecasting techniques.