LOS ANGELES-The share prices of Los Angeles County's two prominent home developers were up despite disappointing sales results. The stock price of Los Angeles-based KB Home increased 7% from its previous drop of 4% on Monday, despite reporting a net loss of $30.7 million in Q2 2010. Ryland Group, a Calabasas-based home developer, also witnessed an increase in share price despite reporting a net loss of $21.8 million in Q2 2010. Some believe that this signals the recovery of the stock market.For the full story, go to Los Angeles Business Journal.
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