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
Feb 13, 2026
Existing Home Sales in January Plunged to Lowest Level Since 2024Existing home sales in January fell to lowest level since August 2024 as tight inventory continued to push home prices higher and winter weather weighed on sales activity.
Feb 12, 2026
The Biggest Challenges Expected by Home Builders in 2026According to the latest NAHB/Wells Fargo Housing Market Index, 84% of home builders felt the most significant challenge builders faced in 2025 was high interest rates and 65% anticipate interest rates will remain a problem in 2026.
Latest Economic News
Feb 13, 2026
Inflation Eased in JanuaryInflation eased to an eight-month low in January, confirming a continued downward trend. Though most Consumer Price Index (CPI) components have resolved shutdown-related distortions from last fall, the shelter index will remain affected through April due to the imputation method used for housing costs. The shelter index is likely to show larger increases in the coming months.
Feb 12, 2026
Existing Home Sales Retreat Amid Low InventoryExisting home sales fell in January to a more than two-year low after December’s strong rebound, as tight inventory continued to push home prices higher and winter storms weighed on activity. Despite mortgage rates trending lower and wage growth outpacing price gains, limited resale supply kept many buyers on the sidelines.
Feb 12, 2026
Residential Building Worker Wages Slow in 2025 Amid Cooling Housing ActivityWage growth for residential building workers moderated notably in 2025, reflecting a broader cooling in housing activity and construction labor demand. According to the latest data from the U.S. Bureau of Labor Statistics (BLS), both nominal and real wages remained modest during the fourth quarter, signaling a shift from the rapid post-pandemic expansion to a slower-growth phase.