The revenue decline is primarily attributable to sale of the company's New Jersey division in August, which accounted for about $4.8 million in revenue last year.

Backlog at Dec. 31 was comprised of 620 homes with a sales value of $116 million compared to a backlog of 534 homes with a sales value of about $116 million a year earlier. The company says the decline in the average selling price of homes in the backlog is caused by the mix of products.

New orders for 278 homes were received by the end of the third quarter, up from 266 homes the same period a year ago.

Rottlund has operations in the Twin Cities, Des Moines, IA and Tampa.

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