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Investments in Unconsolidated Entities (Tables) | 9 Months Ended
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Jul. 31, 2015
Investments in and Advances to Affiliates, Schedule of Investments [Abstract] |
Summary of Joint Venture Information [Table Text Block] | The table below provides information as of July 31, 2015, regarding active joint ventures that we are invested in, by joint venture category ($ amounts in thousands):
| Land Development Joint Ventures |  | Home Building Joint Ventures |  | Rental Property Joint Ventures |  | Structured Asset Joint Venture |  | Total
Number of unconsolidated entities | 7 |  | 3 |  | 10 |  | 1 |  | 21
Investment in unconsolidated entities | $ | 140,526 |  |  | $ | 74,156 |  |  | $ | 106,425 |  |  | $ | 13,818 |  |  | $ | 334,925 |
Number of unconsolidated entities with funding commitments by the Company | 4 |  | 2 |  | 4 |  | — |  |  | 10
Company's remaining funding commitment to unconsolidated entities | $ | 31,335 |  |  | $ | 25,768 |  |  | $ | 14,189 |  |  | $ | — |  |  | $ | 71,292 |
Summary of Joint Ventures Borrowing information [Table Text Block] | Certain joint ventures in which we have investments obtained debt financing to finance a portion of their activities. The table below provides information at July 31, 2015, regarding the debt financing obtained by category ($ amounts in thousands):
| Land Development Joint Ventures |  | Home Building Joint Ventures |  | Rental Property Joint Ventures |  | Total
Number of joint ventures with debt financing | 3 |  | 2 |  | 8 |  | 13
Aggregate loan commitments | $ | 175,000 |  |  | $ | 222,000 |  |  | $ | 733,759 |  |  | $ | 1,130,759 |
Amounts borrowed under commitments | $ | 99,038 |  |  | $ | 93,584 |  |  | $ | 469,031 |  |  | $ | 661,653 |
Condensed balance sheet aggregated by type of business | Condensed Balance Sheets:
| July 31, 2015
| Land Development Joint Ventures |  | Home Building Joint Ventures |  | Rental Property Joint Ventures |  | Structured Asset Joint Venture |  | Total
Cash and cash equivalents | $ | 29,414 |  |  | $ | 13,752 |  |  | $ | 30,924 |  |  | $ | 20,168 |  |  | $ | 94,258 |
Inventory | 233,488 |  |  | 299,315 |  |  |  |  |  |  |  |  | 532,803 |
Non-performing loan portfolio |  |  |  |  |  |  | 32,294 |  |  | 32,294 |
Rental properties |  |  |  |  | 269,632 |  |  |  |  |  | 269,632 |
Rental properties under development |  |  |  |  | 353,019 |  |  |  |  | 353,019 |
Real estate owned (“REO”) |  |  |  |  |  |  | 132,857 |  |  | 132,857 |
Other assets (1) | 65,142 |  |  | 55,099 |  |  | 12,930 |  |  | 80,601 |  |  | 213,772 |
Total assets | $ | 328,044 |  |  | $ | 368,166 |  |  | $ | 666,505 |  |  | $ | 265,920 |  |  | $ | 1,628,635 |
Debt (1) | $ | 100,139 |  |  | $ | 100,213 |  |  | $ | 469,031 |  |  | $ | 77,950 |  |  | $ | 747,333 |
Other liabilities | 29,548 |  |  | 62,361 |  |  | 31,586 |  |  |  |  |  | 123,495 |
Members’ equity | 198,357 |  |  | 205,592 |  |  | 165,888 |  |  | 75,201 |  |  | 645,038 |
Noncontrolling interest |  |  |  |  |  |  |  | 112,769 |  |  | 112,769 |
Total liabilities and equity | $ | 328,044 |  |  | $ | 368,166 |  |  | $ | 666,505 |  |  | $ | 265,920 |  |  | $ | 1,628,635 |
Company’s net investment in unconsolidated entities (2) | $ | 140,526 |  |  | $ | 74,156 |  |  | $ | 106,425 |  |  | $ | 13,818 |  |  | $ | 334,925 |
| October 31, 2014
| Land Development Joint Ventures |  | Home Building Joint Ventures |  | Rental Property Joint Ventures |  | Structured Asset Joint Venture |  | Total
Cash and cash equivalents | $ | 31,968 |  |  | $ | 21,821 |  |  | $ | 33,040 |  |  | $ | 23,462 |  |  | $ | 110,291 |
Inventory | 258,092 |  |  | 465,144 |  |  |  |  |  |  |  |  | 723,236 |
Non-performing loan portfolio |  |  |  |  |  |  |  | 57,641 |  |  | 57,641 |
Rental properties |  |  |  |  | 140,238 |  |  |  |  |  | 140,238 |
Rental properties under development |  |  |  |  | 327,315 |  |  |  |  | 327,315 |
Real estate owned (“REO”) |  |  |  |  |  |  | 184,753 |  |  | 184,753 |
Other assets (1) | 30,166 |  |  | 75,164 |  |  | 14,333 |  |  | 77,986 |  |  | 197,649 |
Total assets | $ | 320,226 |  |  | $ | 562,129 |  |  | $ | 514,926 |  |  | $ | 343,842 |  |  | $ | 1,741,123 |
Debt (1) | $ | 102,042 |  |  | $ | 8,713 |  |  | $ | 333,128 |  |  | $ | 77,950 |  |  | $ | 521,833 |
Other liabilities | 23,854 |  |  | 56,665 |  |  | 43,088 |  |  | 177 |  |  | 123,784 |
Members’ equity | 194,330 |  |  | 496,751 |  |  | 138,710 |  |  | 106,298 |  |  | 936,089 |
Noncontrolling interest |  |  |  |  |  |  |  | 159,417 |  |  | 159,417 |
Total liabilities and equity | $ | 320,226 |  |  | $ | 562,129 |  |  | $ | 514,926 |  |  | $ | 343,842 |  |  | $ | 1,741,123 |
Company’s net investment in unconsolidated entities (2) | $ | 140,221 |  |  | $ | 189,509 |  |  | $ | 97,353 |  |  | $ | 19,995 |  |  | $ | 447,078 |
(1) | Included in other assets of the Structured Asset Joint Venture at July 31, 2015 and October 31, 2014 is $78.0 million of restricted cash held in a defeasance account that will be used to repay debt of the Structured Asset Joint Venture on July 25, 2017.
(2) | Differences between our net investment in unconsolidated entities and our underlying equity in the net assets of the entities are primarily a result of the acquisition price of an investment in a land development joint venture in fiscal 2012 that was in excess of our pro-rata share of the underlying equity; impairments related to our investment in unconsolidated entities; a loan made to one of the entities by us; interest capitalized on our investment; the estimated fair value of the guarantees provided to the joint ventures; and distributions from entities in excess of the carrying amount of our net investment.
Condensed statements of operations aggregate by type of business | Condensed Statements of Operations and Comprehensive Income:
| For the nine months ended July 31, 2015
| Land Development Joint Ventures |  | Home Building Joint Ventures |  | Rental Property Joint Ventures |  | Structured Asset Joint Venture |  | Total
Revenues | $ | 81,338 |  |  | $ | 60,854 |  |  | $ | 23,915 |  |  | $ | 4,777 |  |  | $ | 170,884 |
Cost of revenues | 38,838 |  |  | 53,294 |  |  | 11,452 |  |  | 13,344 |  |  | 116,928 |
Other expenses | 1,290 |  |  | 4,868 |  |  | 18,489 |  |  | 951 |  |  | 25,598 |
Total expenses | 40,128 |  |  | 58,162 |  |  | 29,941 |  |  | 14,295 |  |  | 142,526 |
Gain on disposition of loans and REO |  |  |  |  |  |  |  |  |  | 25,094 |  |  | 25,094 |
Income (loss) from operations | 41,210 |  |  | 2,692 |  |  | (6,026 | ) |  | 15,576 |  |  | 53,452 |
Other income | 62 |  |  | 602 |  |  | 4,376 |  |  | 1,709 |  |  | 6,749 |
Net income (loss) | 41,272 |  |  | 3,294 |  |  | (1,650 | ) |  | 17,285 |  |  | 60,201 |
Less: income attributable to noncontrolling interest |  |  |  |  |  |  |  |  | (10,371 | ) |  | (10,371 | )
Net income (loss) attributable to controlling interest | 41,272 |  |  | 3,294 |  |  | (1,650 | ) |  | 6,914 |  |  | 49,830 |
Other comprehensive loss |  |  |  |  | (6 | ) |  |  |  | (6 | )
Total comprehensive income (loss) | $ | 41,272 |  |  | $ | 3,294 |  |  | $ | (1,656 | ) |  | $ | 6,914 |  |  | $ | 49,824 |
Company’s equity in earnings of unconsolidated entities (3) | $ | 10,440 |  |  | $ | 2,497 |  |  | $ | 2,777 |  |  | $ | 1,366 |  |  | $ | 17,080 |
| For the nine months ended July 31, 2014
| Land Development Joint Ventures |  | Home Building Joint Ventures |  | Rental Property Joint Ventures |  | Structured Asset Joint Venture |  | Total
Revenues | $ | 129,792 |  |  | $ | 39,585 |  |  | $ | 24,961 |  |  | $ | 6,990 |  |  | $ | 201,328 |
Cost of revenues | 68,820 |  |  | 36,264 |  |  | 10,802 |  |  | 10,607 |  |  | 126,493 |
Other expenses | 580 |  |  | 3,727 |  |  | 25,777 |  |  | 1,239 |  |  | 31,323 |
Total expenses | 69,400 |  |  | 39,991 |  |  | 36,579 |  |  | 11,846 |  |  | 157,816 |
Gain on disposition of loans and REO |  |  |  |  |  |  |  |  |  | 14,534 |  |  | 14,534 |
Income (loss) from operations | 60,392 |  |  | (406 | ) |  | (11,618 | ) |  | 9,678 |  |  | 58,046 |
Other income | 60 |  |  | 91 |  |  | 44,735 |  |  | 2,286 |  |  | 47,172 |
Net income (loss) | 60,452 |  |  | (315 | ) |  | 33,117 |  |  | 11,964 |  |  | 105,218 |
Less: income attributable to noncontrolling interest |  |  |  |  |  |  | (7,178 | ) |  | (7,178 | )
Net income (loss) attributable to controlling interest | 60,452 |  |  | (315 | ) |  | 33,117 |  |  | 4,786 |  |  | 98,040 |
Other comprehensive income |  |  |  |  | 647 |  |  |  |  | 647 |
Total comprehensive income (loss) | $ | 60,452 |  |  | $ | (315 | ) |  | $ | 33,764 |  |  | $ | 4,786 |  |  | $ | 98,687 |
Company’s equity in earnings of unconsolidated entities (3) | $ | 456 |  |  | $ | 266 |  |  | $ | 36,678 |  |  | $ | 792 |  |  | $ | 38,192 |
| For the three months ended July 31, 2015
| Land Development Joint Ventures |  | Home Building Joint Ventures |  | Rental Property Joint Ventures |  | Structured Asset Joint Venture |  | Total
Revenues | $ | 49,579 |  |  | $ | 24,595 |  |  | $ | 8,587 |  |  | $ | 1,817 |  |  | $ | 84,578 |
Cost of revenues | 22,721 |  |  | 21,936 |  |  | 4,225 |  |  | 4,496 |  |  | 53,378 |
Other expenses | 757 |  |  | 1,992 |  |  | 5,654 |  |  | 359 |  |  | 8,762 |
Total expenses | 23,478 |  |  | 23,928 |  |  | 9,879 |  |  | 4,855 |  |  | 62,140 |
Gain on disposition of loans and REO |  |  |  |  |  |  |  |  |  | 1,507 |  |  | 1,507 |
Income (loss) from operations | 26,101 |  |  | 667 |  |  | (1,292 | ) |  | (1,531 | ) |  | 23,945 |
Other income | 51 |  |  | 261 |  |  | 239 |  |  | 355 |  |  | 906 |
Net income (loss) | 26,152 |  |  | 928 |  |  | (1,053 | ) |  | (1,176 | ) |  | 24,851 |
Less: income attributable to noncontrolling interest |  |  |  |  |  |  |  |  | 706 |  |  | 706 |
Net income (loss) attributable to controlling interest | 26,152 |  |  | 928 |  |  | (1,053 | ) |  | (470 | ) |  | 25,557 |
Other comprehensive loss |  |  |  |  | 40 |  |  |  |  | 40 |
Total comprehensive income (loss) | $ | 26,152 |  |  | $ | 928 |  |  | $ | (1,013 | ) |  | $ | (470 | ) |  | $ | 25,597 |
Company’s equity in earnings of unconsolidated entities (3) | $ | 5,059 |  |  | $ | 1,039 |  |  | $ | (38 | ) |  | $ | (108 | ) |  | $ | 5,952 |
| For the three months ended July 31, 2014
| Land Development Joint Ventures |  | Home Building Joint Ventures |  | Rental Property Joint Ventures |  | Structured Asset Joint Venture |  | Total
Revenues | $ | 17,842 |  |  | $ | 16,357 |  |  | $ | 7,955 |  |  | $ | 3,201 |  |  | $ | 45,355 |
Cost of revenues | 6,650 |  |  | 14,438 |  |  | 3,411 |  |  | 4,125 |  |  | 28,624 |
Other expenses | 115 |  |  | 1,680 |  |  | 4,219 |  |  | 365 |  |  | 6,379 |
Total expenses | 6,765 |  |  | 16,118 |  |  | 7,630 |  |  | 4,490 |  |  | 35,003 |
Gain on disposition of loans and REO |  |  |  |  |  |  |  |  |  | 8,076 |  |  | 8,076 |
Income (loss) from operations | 11,077 |  |  | 239 |  |  | 325 |  |  | 6,787 |  |  | 18,428 |
Other income | 54 |  |  | (110 | ) |  | 1,535 |  |  | 753 |  |  | 2,232 |
Net income (loss) | 11,131 |  |  | 129 |  |  | 1,860 |  |  | 7,540 |  |  | 20,660 |
Less: income attributable to noncontrolling interest |  |  |  |  |  |  | (4,524 | ) |  | (4,524 | )
Net income (loss) attributable to controlling interest | 11,131 |  |  | 129 |  |  | 1,860 |  |  | 3,016 |  |  | 16,136 |
Other comprehensive loss |  |  |  |  | (82 | ) |  |  |  | (82 | )
Total comprehensive income (loss) | $ | 11,131 |  |  | $ | 129 |  |  | $ | 1,778 |  |  | $ | 3,016 |  |  | $ | 16,054 |
Company’s equity in earnings of unconsolidated entities (3) | $ | 353 |  |  | $ | (60 | ) |  | $ | 55 |  |  | $ | 602 |  |  | $ | 950 |
(3) | Differences between our equity in earnings of unconsolidated entities and the underlying net income (loss) of the entities are primarily a result of a basis difference of an acquired joint venture interest, distributions from entities in excess of the carrying amount of our net investment, and our share of the entities’ profits related to home sites purchased by us, which reduces our cost basis of the home sites acquired.

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