Austin, Texas-based ICON says that is has debuted the world's first permitted 3-D printed home in Austin on March 12. 

The company built the home using a prototype of a mobile printer that will have the ability to produce single story, 600 to 800 square foot homes, in under 24 hours and for less than $4,000. 

The company has teamed with non-profit New Story to tackle housing shortages around the world. New Story is focused on turning slums into sustainable, functional communities.

"There are a few other companies that have printed homes and structures," ICON co-founder Jason Ballar told The Verge. "But they are printed in a warehouse, or they look like Yoda huts. For this venture to succeed, they have to be the best houses."

ICON plans to finish developing the prototype for its homes -- the one in Austin features a living room, bedroom, bathroom and porch -- and build a community of up to 100 homes in El Salvador in 2019.