The NAHB/Wells Fargo index of home builder sentiment jumped to 52 in June, up from 44 in May, marking the first time that the index has topped 50 since April of 2006. USA Today has this report ("Homebuilder confidence index hits 7-year high," by Alex Vaiga/AP).

"It was the biggest one-month jump in the index since 2002," the paper reports. "Measures of customer traffic, current sales conditions and builders' outlook for single-family home sales over the next six months also soared to their highest levels in seven years."