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

9 Months Ended

Jul. 31, 2014

Equity Method Investments and Joint Ventures [Abstract]

Equity Method Investments [Table Text Block]

(Dollars in thousands)		July 31, 2014
		Homebuilding			Land Development			Total
Assets:
Cash and cash equivalents		$17,621			$92			$17,713
Inventories		202,204			11,336			213,540
Other assets		9,361			-			9,361
Total assets		$229,186			$11,428			$240,614
Liabilities and equity:
Accounts payable and accrued liabilities		$28,726			$4,177			$32,903
Notes payable		43,962			-			43,962
Total liabilities		72,688			4,177			76,865
Equity of:
Hovnanian Enterprises, Inc.		55,779			2,834			58,613
Others		100,719			4,417			105,136
Total equity		156,498			7,251			163,749
Total liabilities and equity		$229,186			$11,428			$240,614
Debt to capitalization ratio		22	%		0	%		21	%

(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 July 31, 2014
(In thousands)		Homebuilding			Land Development			Total
Revenues		$29,283			$612			$29,895
Cost of sales and expenses		(27,631	)		(534	)		(28,165	)
Joint venture net income		$1,652			$78			$1,730
Our share of net income		$201			$39			$240

		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 Nine Months Ended July 31, 2014
(In thousands)		Homebuilding			Land Development			Total
Revenues		$114,304			$5,881			$120,185
Cost of sales and expenses		(105,409	)		(5,619	)		(111,028	)
Joint venture net income		$8,895			$262			$9,157
Our share of net income		$3,780			$131			$3,911

		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

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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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