Toll Brothers CEO Doug Yearley on 'pent-up demand'

Toll Brothers CEO Doug Yearley discussed on CNBC the homebuilder's better-than-expected earnings report and the state of the housing market.

"Our business is really, really good," he said Tuesday. "The pent-up demand is continuing to build."

Yearley started working at Toll Brothers in 1990. He was promoted to chief executive officer of the company in June 2010.

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