One factor that has influenced the expansion of the northern and eastern outskirts of the metropolitan area Mexico City is the massive housing development. In this paper is explored the relationship between housing policy and urban management of local governments in the growth of the urban periphery. The central thesis refers to the absence of metropolitan coordination, local governments promote housing construction in order to increase their financial resources, a situation favored by changes in housing policy in a neoliberal context, which generates a supply potential consumer by granting housing loans. From an analysis of data on housing construction, loans granted by public institutions for house purchases and amounts of tax revenue by local governments, the impact of housing policy in the expansion of the metropolitan area is analyzed. As final reflections states that housing supply, not the demand of the population, the factor that determines the location of the housing complexes, and therefore, the recent expansion of the periphery of the metropolitan area. [ABSTRACT FROM AUTHOR]