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Toll Brothers CEO Sees Nascent Rebound in Home Sales

The worst is over for the U.S. housing market and a rebound will gain momentum in 2012, according to Douglas Yearley, chief executive officer of Toll Brothers Inc.

“The recovery is here to stay,” Yearley, whose company is the largest U.S. luxury-home builder, said in an interview yesterday at Bloomberg’s headquarters office in New York. “I think 2011 will be an improving year, but I think 2012 will be a big year for us.”