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Note 20 (Tables)

9 Months Ended

Jul. 31, 2013

Equity Method Investments and Joint Ventures [Abstract]

Equity Method Investments [Table Text Block]

(Dollars in thousands)		July 31, 2013
		Homebuilding				Land Development				Total
Assets:
Cash and cash equivalents		$	38,543			$	434			$	38,977
Inventories			136,563				11,489				148,052
Other assets			8,065				5				8,070
Total assets		$	183,171			$	11,928			$	195,099
Liabilities and equity:
Accounts payable and accrued liabilities		$	28,334			$	4,593			$	32,927
Notes payable			44,861				-				44,861
Total liabilities			73,195				4,593				77,788
Equity of:
Hovnanian Enterprises, Inc.			46,271				2,454				48,725
Others			63,705				4,881				68,586
Total equity			109,976				7,335				117,311
Total liabilities and equity		$	183,171			$	11,928			$	195,099
Debt to capitalization ratio			29	%			0	%			28	%

(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 July 31, 2013
(In thousands)		Homebuilding				Land Development				Total
Revenues		$	76,842			$	2,992			$	79,834
Cost of sales and expenses			(67,526	)			(3,300	)			(70,826	)
Joint venture net income (loss)		$	9,316			$	(308	)		$	9,008
Our share of net income (loss)		$	3,654			$	(154	)		$	3,500

		For the Three Months Ended July 31, 2012
(In thousands)		Homebuilding				Land Development				Total
Revenues		$	89,749			$	3,755			$	93,504
Cost of sales and expenses			(84,615	)			(3,246	)			(87,861	)
Joint venture net income		$	5,134			$	509			$	5,643
Our share of net income		$	823			$	255			$	1,078

		For the Nine Months Ended July 31, 2013
(In thousands)		Homebuilding				Land Development				Total
Revenues		$	211,408			$	12,468			$	223,876
Cost of sales and expenses			(194,667	)			(7,755	)			(202,422	)
Joint venture net income		$	16,741			$	4,713			$	21,454
Our share of net income		$	4,372			$	2,356			$	6,728

		For the Nine Months Ended July 31, 2012
(In thousands)		Homebuilding				Land Development				Total
Revenues		$	220,880			$	9,838			$	230,718
Cost of sales and expenses			(210,904	)			(7,830	)			(218,734	)
Joint venture net income		$	9,976			$	2,008			$	11,984
Our share of net income		$	1,803			$	1,003			$	2,806

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- Definition

Tabular disclosure of equity method investments including, but not limited to, name of each investee or group of investments, percentage ownership, difference between recorded amount of an investment and the value of the underlying equity in the net assets, and summarized financial information.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 323

-SubTopic 10

-Section 50

-Paragraph 3

-URI http://asc.fasb.org/extlink&oid=6382943&loc=d3e33918-111571

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