The world of construction is about to be turned on its head as new technology found in 3D printers will allow homes to be built in a day.

That is what is happening today in China where huge printers that are 20 feet tall and 30 feet wide are able to “print” a building in less than 24 hours.

One company based there, WinSun, today can build a 10,000 square foot home for a little more than US$13.50/ft2 or $160,000.

“The future is here.” says Rodrigo Vera, group President for TRUBLACK, a multinational company that supplies innovative building materials in Canada, USA, Asia and Latin America.

“We are seeing that 3D printing is rapidly moving into the construction domain and putting the industry on notice,” said Vera. “We are on top of this new technology as we predict this to be a natural step for low cost construction.”

China is not the only source for this new technology. Some companies in Europe are also developing 3D technology. company plans to use special robots to 3D-print a steel bridge across the Amsterdam Canal

In the past decade modular construction has really gotten traction as a method to shorten construction times and lower costs. With 3D printing technology, some companies project a 30-60% reduction in construction waste and a much lower cost to build your future home.