2007 – The homebuilding industry was hit hard from the recession. Many builders and developers were forced to close their doors. To survive, Neumann Developments worked with its builder partners to build over 100 spec homes per year to survive during the recession, helping keep the land moving and trade partners employed. We were fortunate to never have a year in the red even during the recession. We were never forced to give any projects back to our banks or leave any projects unfinished.