New Story and Icon have demonstrated the feasibility of building an easy-to-replicate house in less than 24 hours. ICON can print an entire home for $10,000 and plans to bring costs down to $4,000 per house, whereas, some American homes, 200 to 400-square-feet in size cost almost $40,000.
ICON says the model is much cheaper than the typical American home. ICON plans to use the technology to build a 100-home community in El Salvador next year.
A report from the World Resources Institute estimated that 1.2 billion people now live in cities without affordable or secure housing.
The model, which the company showed off at tech and music fair South by Southwest this week, boasts a living room, bedroom, bathroom, and a curved porch.
ICON's main aim is not to just build homes fast, but make them extremely affordable as well.
The home was presented very recently, in March 2018, in Austin, Texas, and the printer is now packaged for the developing world.
"(ICON) believes, as do I, that 3D printing is going to be a method for all kinds of housing", New Story co-founder Alexandria Lafci said. "3D printing had been our on radar but it wasn't until we got connected to ICON that we felt it would be a feasible possibility".
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After construction, the charity will follow up with the community, using what they call "impact data", which measures the impact of a home on education, well-being, income and community building.
New Story is a non-profit working to create a world where no human lives in survival mode by providing one of life's most basic needs - shelter.
The printers can create a 3D structure using different materials, including food, cement.
These homes aren't part of the "tiny house" movement and you won't see suburbs of these 3D houses popping up across America.
'For this venture to succeed, they have to be the best houses.
New Story explains on its website that past year, the technology they needed to create homes quickly and cheaply wasn't available yet. The company also added that its 3D printed homes will significantly reduce labor costs and will also create minimal waste. That's not all, the company is also already looking past El Salvador and the United States into space. In homes, at the moment small 3D printers can be used to create toys for children. He explains: "One of the big challenges is how are we going to create habitats in space... It's one of the more promising potential habitat technologies".