McHenry County Blog

Ken Neumann, President of the family-owned Neumann Homes, is the subject of a “we’re not in financial trouble” article in Saturday’s Chicago Tribune.

It seems that Neumann—whom the Tribune says is one of “the fifty biggest builders in the United States--has decided to concentrate on mass produced homes in subdivisions of 1,000 or more.

The “financial troubles” rumor apparently started when it auctioned off 1,000 acres in areas like Huntley, Sugar Grove and Montgomery, but still has 20,000 lots left. The Tribune reports the firm builds 2,000 homes a year.

Interestingly, Neumann Homes was not one of the donors to this spring’s tax hike referendum committees.

But, then again, the article reports his firm has a cash flow problem in January.

Neumann Homes is building subdivisions in Woodstock and Wonder Lake. Both are in District 200.