The structure was erected in less than one hour by two men, using chipboard that was made from waste paper (newspapers, etcetera). A fortifying agent strengthened the chipboard against water and humidity, and the house was coated with a fireproof paint. The 8 x 16' structure was intended to safely house a family of four.
Paper houses were not completely new. In 1924, a Massachusetts mechanical engineer named Elis F. Senman designed a timber-framed paper house and its furnishings. It remains a popular tourist attraction. Read more here.
Read more: "Paper House Costs $50." Popular Science (March 1945): p. 85 available from Free E-Journals. [Image above from article]