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3D-printing is creating homes for the developing world

A company is using 3D-printing to build housing in third world countries.

New Story, a non-profit that sets up housing in the developing world, has teamed up with construction firm Icon to use the new technology of 3D-printing to create fully functional homes which take just 48 hours to build.

According to BBC News, a 650-square foot dwelling which was debuted at the South by Southwest technology festival in Austin, Texas, this week took just two days to create using $10,000 worth of concrete.

The publication states that New Story and Icon intend on cutting down the production cost by buying concrete in bulk and improving the 3D-printing machine, and eventually hope to even reduce the build time to an impressive 12-24 hours.

Brett Hagler, chief executive and co-founder of New Story, told BBC News: "If it does work it could literally change how shelter is created. It's irresponsible for us not to try it."

Like small scale 3D-printing, the home was created by slowly adding material, layer-by-layer. The height and width of the house is constrained by size of an an enormous metal frame, which operates autonomously once given its instructions.

New Story and Icon have now launched the El Salvador project, which will see them aim to build 100 homes in the Central American nation.

The homes will not be free, but will work out at just $30 a month, which will be placed into a "community fund" to help raise money for further homes, or for maintenance on existing structures.

Brett added: "The families agreed to a no-interest, no-profit mortgage that they will pay over about 10 years. That money does not come back to us. It's kept in a community fund."

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