China's current housing security system runs contrary to the local government's pursuit of urban economic growth, resulting in the actual operation of the housing security system in the target deviation.Will Housing Security Become the Driving Force of Urban Economic Growth？Based on the new classical economics, using the three department of economic growth model as the analytical framework, explore the mechanism of labor force supply and real estate market factors in urban economic growth, and elaborate the close relationship between these factors and housing security.China has a rapidly aging population, which has contributed to the shortage of labor force. Meanwhile, the unsustainability of land finance compels the government to explore new sources of revenue. These changes of labor force supply and real estate market factors will inhibit the sustainable growth of urban economy in the future.Under the guidance of the new-type urbanization strategy, the positive effect of the housing security on the attraction of the labor force can enhance the competitive advantage and provide the power for urban economic growth.