Wednesday, January 11, 2012
Bloomberg: Toll CEO Sees More People Ready to Buy Homes
Bloomberg-- Douglas Yearley Jr., chief executive officer of Toll Brothers Inc., talks about the outlook for the home builder and the U.S. housing market.
Toll Brothers makes homes for the 1 per cent. To afford a home costing $500,000, a home owner would need a combined family income of about $200,00 per year.
Many economists have suggested that the economy will not fully recover until housing does.
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