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Note 20 - Investments in Unconsolidated Homebuilding and Land Development Joint Ventures (Tables)

3 Months Ended

Jan. 31, 2014

Equity Method Investments and Joint Ventures [Abstract]

Equity Method Investments [Table Text Block]

(Dollars in thousands)		January 31, 2014
		Homebuilding				Land Development				Total
Assets:
Cash and cash equivalents		$	31,376			$	444			$	31,820
Inventories			105,593				11,838				117,431
Other assets			5,360				-				5,360
Total assets		$	142,329			$	12,282			$	154,611

Liabilities and equity:
Accounts payable and accrued liabilities		$	25,752			$	4,517			$	30,269
Notes payable			19,648				-				19,648
Total liabilities			45,400				4,517				49,917
Equity of:
Hovnanian Enterprises, Inc.			42,979				2,850				45,829
Others			53,950				4,915				58,865
Total equity			96,929				7,765				104,694
Total liabilities and equity		$	142,329			$	12,282			$	154,611
Debt to capitalization ratio			17	%			0	%			16	%

(Dollars in thousands)		October 31, 2013
		Homebuilding				Land Development				Total
Assets:
Cash and cash equivalents		$	30,102			$	639			$	30,741
Inventories			101,735				11,080				112,815
Other assets			6,868				-				6,868
Total assets		$	138,705			$	11,719			$	150,424

Liabilities and equity:
Accounts payable and accrued liabilities		$	28,016			$	4,047			$	32,063
Notes payable			23,904				-				23,904
Total liabilities			51,920				4,047				55,967
Equity of:
Hovnanian Enterprises, Inc.			44,141				2,703				46,844
Others			42,644				4,969				47,613
Total equity			86,785				7,672				94,457
Total liabilities and equity		$	138,705			$	11,719			$	150,424
Debt to capitalization ratio			22	%			0	%			20	%

		For the Three Months Ended January 31, 2014
(In thousands)		Homebuilding				Land Development				Total

Revenues		$	51,275			$	1,914			$	53,189
Cost of sales and expenses			(46,080	)			(1,619	)			(47,699	)
Joint venture net income		$	5,195			$	295			$	5,490
Our share of net income		$	2,548			$	147			$	2,695

		For the Three Months Ended January 31, 2013
(In thousands)		Homebuilding				Land Development				Total

Revenues		$	60,143			$	7,814			$	67,957
Cost of sales and expenses			(56,288	)			(2,949	)			(59,237	)
Joint venture net income		$	3,855			$	4,865			$	8,720
Our share of net (loss) income		$	(93	)		$	2,433			$	2,340