NOTE: I found this on a Construction Law Blog, I have no idea of the veracity of this, but Neumann built about 500-600 homes in the village a few years ago, so its seems of some interest to us."Builder chief denies firm is in trouble; 'Most profitable year' for Neumann Homes": Ken Neumann, president of Warrenville, Illinois-based Neumann Homes, lashed out at other builders in connection with speculation the company is for sale or on the verge of bankruptcy. "No, the company is not for sale. I own the company," Neumann said Thursday. "This is the most profitable year in the company's history." Family-owned Neumann, which opened in Chicago in the early 1990s, is one of the largest of the remaining independent local builders. The company is the builder of megadevelopments such as the The Clublands in Joliet and The Clublands in Antioch. The firm is among the 50 biggest builders in the United States, with operations in Wisconsin, Colorado and Michigan as well as Illinois. In 2005 the company built 1,900 homes and had $518 million in revenue, Ken Neumann said. Neumann said he believes the rumors began when someone claimed, at a meeting of officials of rival Centex Homes earlier this year, that Dallas-based Centex was buying Neumann. Dan Star, president of the Illinois division of Centex, said he is unaware of any such statement and does not believe it was ever made. Whether or not that incident occurred, Neumann Homes recently raised eyebrows in local building circles when the company took the unusual step of auctioning 1,000 acres of land in high-growth suburban areas such as Huntley, Sugar Grove and Montgomery.
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