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Note 20 (Tables)

6 Months Ended

Apr. 30, 2013

Equity Method Investments [Table Text Block]

(Dollars in thousands)		April 30, 2013
		Homebuilding				Land Development				Total
Assets:
Cash and cash equivalents		$	31,821			$	142			$	31,963
Inventories			140,007				13,329				153,336
Other assets			9,241				5				9,246
Total assets		$	181,069			$	13,476			$	194,545

Liabilities and equity:
Accounts payable and accrued liabilities		$	18,090			$	5,436			$	23,526
Notes payable			60,285				-				60,285
Total liabilities			78,375				5,436				83,811
Equity of:
Hovnanian Enterprises, Inc.			43,828				2,697				46,525
Others			58,866				5,343				64,209
Total equity			102,694				8,040				110,734
Total liabilities and equity		$	181,069			$	13,476			$	194,545

Debt to capitalization ratio			37	%			0%				35	%

(Dollars in thousands)		October 31, 2012
		Homebuilding				Land Development				Total
Assets:
Cash and cash equivalents		$	29,657			$	1,686			$	31,343
Inventories			177,170				14,853				192,023
Other assets			12,886				5				12,891
Total assets		$	219,713			$	16,544			$	236,257

Liabilities and equity:
Accounts payable and accrued liabilities		$	24,651			$	12,233			$	36,884
Notes payable			79,675				-				79,675
Total liabilities			104,326				12,233				116,559
Equity of:
Hovnanian Enterprises, Inc.			45,285				794				46,079
Others			70,102				3,517				73,619
Total equity			115,387				4,311				119,698
Total liabilities and equity		$	219,713			$	16,544			$	236,257

Debt to capitalization ratio			41	%			0	%			40	%

		For the Three Months Ended April 30, 2013
(In thousands)		Homebuilding				Land Development				Total

Revenues		$	74,423			$	1,661			$	76,084
Cost of sales and expenses			(70,826	)			(1,506	)			(72,332	)
Joint venture net income		$	3,597			$	155			$	3,752
Our share of net income		$	807			$	78			$	885

		For the Three Months Ended April 30, 2012
(In thousands)		Homebuilding				Land Development				Total

Revenues		$	78,534			$	2,727			$	81,261
Cost of sales and expenses			(73,792	)			(1,381	)			(75,173	)
Joint venture net income		$	4,742			$	1,346			$	6,088
Our share of net income		$	1,035			$	633			$	1,668

		For the Six Months Ended April 30, 2013
(In thousands)		Homebuilding				Land Development				Total

Revenues		$	134,566			$	9,475			$	144,041
Cost of sales and expenses			(127,115	)			(4,455	)			(131,570	)
Joint venture net income		$	7,451			$	5,020			$	12,471
Our share of net income		$	716			$	2,510			$	3,226

		For the Six Months Ended April 30, 2012
(In thousands)		Homebuilding				Land Development				Total

Revenues		$	131,131			$	6,083			$	137,214
Cost of sales and expenses			(126,487	)			(4,585	)			(131,072	)
Joint venture net income		$	4,644			$	1,498			$	6,142
Our share of net income		$	984			$	749			$	1,733