The study finds that the policies to restrict on houses price increase have no significant effect, but have some negative spatial spillover effects on the surrounding cities. In addition, the industrial structure of whole economic agglomeration areas can significantly affect the city house price. Therefore, in order to meet the urgent needs of the city’s economic development and the pull effect of transfer labor on urban housing, we should further optimize the allocation of labor resources in space, increase the investment in human capital of the labor transfer, and improve their skills and productivity. We should also need to promote the transformation and upgrading of regionally industrial structure, and improve the supply of housing and modify the policy system to regulate the housing market, so as to enhance the economic integration and balanced development between the regions.