A 33-foot-long 3D printer in Southern Mexico has recently built the walls of the first homes in the first-ever 3D-printed neighborhood.

The houses are 500 square feet in size and have interiors, windows, and roofs. The project is being led by New Story who believes that this process could be part of the solution for affordable housing in some of the poorest areas in the world.

New Story has already built more than 2,700 homes in Haiti, El Salvador, Bolivia, and Mexico with traditional construction.

“We feel it’s our responsibility to challenge traditional methods. Linear methods will never reach the billion+ people who need safe homes.” Brett Hagler, CEO, New Story. “Challenging our assumptions, iterating based on data, and taking calculated risks on innovative ideas will allow us to reach more families with the best possible solutions, exponentially faster.”

According to Fast Company, New Story initially planned to build in another part of Mexico, “but because of delays in the process of working with the government to get the land, decided to start farther south in Tabasco, a state that borders Guatemala; the new location faces a higher risk of earthquakes, so the design went through even more structural engineering tests.”

“We view this printer as a catalytic R&D project that has the opportunity to influence the sector as a whole. Our hope is to learn, iterate, and then share the technology with other nonprofits and governments to help everyone improve and reach families faster.” – Brett Hagler, CEO, New Story

Click here to check out the full story on FastCompany.com.

Net Income Real Estate | on April 3, 2015

In today’s Wealth Building “Shout-Outs! With Russ Whitney” video, Russ discusses a way to not only finance a property with no points, minimal closing fees, no origination fees, and without having to go through a credit check… but he reveals his strategy on how to receive a 30% discount, or more, on properties. Find out how by watching the video below. Watch the Shout-Out Video Now.

In today’s ‘Shout-Outs! With Russ Whitney’ video, Russ reveals his answer to the popular question “How do I become a millionaire?”

Rather than thinking of the end goal, you need to begin with the first step: financial independence.