Globally, housing policies have been used as an attempt to try and address housing problems, particularly in respect to the low-income earners, with the view of helping them access better housing. The evolution of housing policy in developing countries has been studied and identified in different ways, however, this paper present a robust theoretical background of the developments in housing policy framework. The data used in this paper were derived from secondary sources only; through a detailed review of related literature on the subject to meet the research objectives. The study is an in-depth literature exploration of the theoretical perspective of the housing studies framework. The literature reviewed found that the theory of housing had its origin in the Paleolithic period when homo-sapiens began to use natural materials like stone, wood, leaves, animal skin and other similar items to create shelter from elements of weather. It was also found that there are various theoretical perspective frameworks that have been used in the study of housing, such as political, social, developmental, institutional, and radical perspectives amongst others. This study provides a robust theoretical framework used in housing study.