Housing starts at highest level in nearly 4 years

Index of homebuilder confidence also up sharply

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.