Most of the sustainable design principles work to reduce the cost of housing over the building life cycle (BLC) especially in housing development projects. As the concept emphasizes on the economy in the infrastructure or (basic structure), in the resources used for work, in the housing facilitating and its affordability for users. From here, the research shows its research problem” the absence of a strategic vision of adopting sustainable economic housing indicators in the local housing projects” assuming its effective role in creating economically sustainable housing projects through the needs approving, the quality performance improving and the cost reducing indicators, (or need approval, the quality performance improvement and the cost reduction), highlighting the importance of these indicators on the planning, design, and implementation level in local housing project to achieve an economic sustainable residential environment. In order to achieve the research aim, it has been shaded the light on the basic triple in the housing projects (housing-economic, sustainable) through an analytical review of the global experiences, Arabic and the local housing projects, (environmentally, economically, socially), to define the sustainable economic housing concept, and identify the planning, designing and operation factors & constituents affecting the sustainable economic housing standards. To reach the conclusions that show the indicators effective role in the sustainable economic housing (needs approval-quality performance improvement- and cost reduction), which included many of the secondary indicators that can be derived from the proposed plan and designing standard in Iraqi housing projects (housing density and structure and space housing unit area).