There’s a very readable article here digging into the 0x7F character in the IBM PC’s OEM font (later code page 437)
Why did IBM decide to include a symbol representing a house in their character set? It’s a strange glyph; adding a smiley is readily arguable, and playing card suits have existed in prior character sets, but a house—as far as I can tell—it didn’t exist as a glyph anywhere before IBM’s Code Page 437. It seems to come out of thin air. To my knowledge, there are no (surviving) documents on the design process of the character set. The little bit we know comes from a few interviews, like the one with David J. Bradley, and from meticulous research done by people like VileR. So, the only thing I can do is speculate. Here are my thoughts…
Much PC-character-set art within… I wish I could call it ASCII art - much from the site INT 10h which celebrates exactly that.
Not far away we find another article of interest:
via Delta House. : languagehat.com
via a-b-c-d-x-y-z...HOUSE? | MetaFilter
also discussed at HN