Raab left the post this morning to take the position of Brexit Secretary in the latest round of musical chairs within the government, this one prompted by the resignations of David Davis and Boris Johnson.
Malthouse is Conservative MP for northwest Hampshire and was previously a minister at the Department for Work and Pensions (DWP).
He is the third housing minister since the General Election last year, which saw then incumbent Gavin Barwell lose his seat. He was replaced by Alok Sharmar.
The Queen has been pleased to approve the appointment of @kitmalthouse as Minister of State for Housing at @mhclg
— UK Prime Minister (@10DowningStreet) July 9, 2018