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. 
Yearley speaks with Erik Schatzker on Bloomberg Television's "InsideTrack.

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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