For the year, Rottlund's net income of $7.8 million, or $1.33 per diluted share, was up 44%.
Rottlund's backlog at March 31 consisted of 547 homes with a sales value of $122 million -- while the value is 11% higher than a year ago, the number of homes is down about 3%. New orders for 349 homes with a sales value of $75 million were receivedfor the quarter ended March 31 compared to 375 homes with a sales value of $70 million for the same period a year ago.
David H. Rotter, Rottlund's chief executive officer and president, says he was "very pleased" with the results.
Rottlund is engaged in the design, construction, marketing and sale of detached single-family homes and attached townhomes and villas. Rottlund has operationsin the metropolitan areas of Minneapolis/St. Paul, Des Moines, Southern New Jersey and Tampa, FL.
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