Housing starts at highest level in nearly 4 years

Index of homebuilder confidence also up sharply

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Housing starts jumped 6.9 percent from May to June to the fastest pace in nearly four years, according to the latest numbers from the Census Bureau.

At a seasonally adjusted annual rate of 760,00 units per year, housing starts were up 23.6 percent from the same time a year ago, reaching the highest level since October 2008.