Senate Confirms Brian Montgomery as Deputy Secretary of HUD
Brian Montgomery has been confirmed as deputy secretary of the Department of Housing and Urban Development. As the second most senior official at HUD, Montgomery will manage the day-to-day operations of the agency and will advise and assist HUD Secretary Ben Carson in leading the department’s nearly 8,000 employees.
NAHB has an outstanding working relationship with the deputy secretary, who just two weeks ago participated in an exclusive webinar for NAHB members where he and the HUD secretary discussed specific measures the agency has implemented to battle the COVID-19 pandemic.
NAHB CEO Jerry Howard applauded Montgomery’s Senate confirmation as the new deputy secretary of HUD.
“Mr. Montgomery has a well-deserved reputation of being an expert in affordable housing policy and he is an outstanding federal agency administrator,” said Howard. “NAHB looks forward to continuing to work with Deputy Secretary Montgomery to mitigate the effects of the COVID-19 pandemic on the housing sector, rein in costly regulations that are exacerbating the nation’s housing affordability crisis and to promote policies that support homeownership and rental housing opportunities for all Americans.”
Latest from NAHBNow
Nov 14, 2025
Last Chance to Apply for 2026 Best of IBS AwardsExhibitors at the NAHB International Builders’ Show® (IBS) have an opportunity to spotlight their innovative new products each year through the Best of IBS Awards. Don't miss your chance - apply by Friday, Nov. 21.
Nov 14, 2025
Watch Livestreams of Key Fall Leadership MeetingsNAHB leadership, including committee and council members, will gather Nov. 17-19 for the 2025 Fall Leadership Meeting in Denver.
Latest Economic News
Nov 13, 2025
Unchanged Lending Conditions for Residential Mortgages in Third QuarterLending standards for most types of residential mortgages were essentially unchanged, according to the recent release of the Senior Loan Officer Opinion Survey (SLOOS). For commercial real estate (CRE) loans, lending standards for construction & development were modestly tighter, while multifamily was essentially unchanged. Demand for both CRE categories was essentially unchanged for the quarter.
Nov 12, 2025
Adjustable-Rate Mortgage Applications RiseAll types of mortgage activity rose on a year-over-year basis in October, supported by recent declines in interest rates. Notably, adjustable-rate mortgage (ARM) applications more than doubled from a year ago, and refinancing activity continued to strengthen.
Nov 12, 2025
Employment Loss and Post-COVID Recovery Across U.S. Metro AreasIn April 2020, total payroll employment in the United States fell by an unprecedented 20.5 million, following a loss of 1.4 million in March, as the COVID-19 pandemic brought the economy to a sudden halt. The unemployment rate surged by 10.4 percentage points to 14.8% in April. It was the highest rate effectively since the Great Depression.