New US home construction and new building permits both jumped in June, demonstrating rising strength in the housing market, the Commerce Department reports.

New construction was up 9.8 per cent from May to an annual pace of 1,174,000 units, with the greatest strength in multiple unit buildings, the department said on Friday. Permitting rose 7.4 per cent to an annual pace of 1,343,000 units, the gain also most marked in buildings with five…