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.
According to the report, ICON is focused on bringing affordable housing to the estimated 1.2 billion people around the world who do not have adequate shelter.
A Texas-based company is using 3D printing technology to find a solution to the growing problem of affordable housing around the world.
A startup called ICON says it can make a 650-square-foot house using 3-D printing in 12 to 24 hours. ICON has unveiled the Vulcan 3D printer at SXSW Festival, a manufacturing solution that could eventually provide homeless or struggling families with a roof over their heads. One of its founders, Jason Ballard, will be testing out the home by living in it. The companies are targeting the end of 2018 for the first homes to be printed and expect to have the first 3D printed community completed by 2019.
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"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 added. New Story said "as long or longer than standard Concrete Masonry Unit built homes".
There are other groups which are working on printing houses. For this venture to succeed, they have to be the best houses... If all goes according to plan, we may soon see the Vulcan 3D printing homes in the United States as well. The technology also tends to reduce waste and manual labor costs. "It's one of the more promising potential habitat technologies".
The printers can create a 3D structure using different materials, including food, cement.
In the meantime, if you'd like to join the effort to eliminate homelessness on Planet Earth, you can donate to the cause on the New Story website.