The Vulcan printer can construct a home that measures up to 800 square feet.
New Story and ICON aren't the first to 3D print a house. As Business Insider reported in 2017, the Ukrainian housing startup PassivDom has created a 3D printer that can construct a 410-square-foot, solar-powered home within eight hours.
New Story and ICON designed this house specifically for the developing world, since the 3D-printing process costs much less, is quicker, and produces less waste than traditional construction.
They see it as one solution that could help alleviate the global affordable housing crisis, Alexandria Lafci, cofounder of New Story, told The Verge.
Though the model below costs $10,000 in materials, the creators hope to reduce that figure to $4,000. By 2019, they will create 100 houses in El Salvador if all goes according to plan.
Eventually, New Story and ICON may also sell the homes in the United States.