Prior to this, she worked as secretary of state for work and pensions in 2018, treasurer of HM household from November 2017 to January 2018, and minister of state for employment from 2013 to 2015.
During her time as housing minister, she pledged to make the UK the 'world leader in modular building'.
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McVey said on Twitter: “I’m very sorry to be relieved of my duties as housing minister.
“I wish my successor the very best and every success.
“I’m very grateful to the prime minister for having given me the opportunity to serve in his government and he will continue to have my support from the back benches.”
John Phillips, national operations director at Just Mortgages, commented: “Housing policy requires a clear sense of direction, and that has been sadly lacking in recent years as the ministerial revolving door has spun at a furious pace.
“Now that there is a government with a stable majority, I hope the new housing minister stays in place long enough to take on some of the long-term issues that have held the housing market back.
“There needs to be concerted action across government to boost supply and make better use of existing stock so that everybody can live somewhere that is right for their needs.”