XML 79 R49.htm IDEA: XBRL DOCUMENT v2.4.1.9
Note 10 - Mortgages and Notes Payable (Details) (USD $)
1 Months Ended 6 Months Ended
Jun. 30, 2013
Apr. 30, 2015
Oct. 31, 2014
Corporate, Non-Segment [Member] | Mortgages [Member] | Nonrecourse Mortgages [Member]      
Note 10 - Mortgages and Notes Payable (Details) [Line Items]      
Secured Debt   $ 16,100,000us-gaap_SecuredDebt
/ us-gaap_ConsolidationItemsAxis
= us-gaap_CorporateNonSegmentMember
/ us-gaap_DebtInstrumentAxis
= hov_NonrecourseMortgagesMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_MortgagesMember
$ 16,600,000us-gaap_SecuredDebt
/ us-gaap_ConsolidationItemsAxis
= us-gaap_CorporateNonSegmentMember
/ us-gaap_DebtInstrumentAxis
= hov_NonrecourseMortgagesMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_MortgagesMember
Debt, Weighted Average Interest Rate   8.70%us-gaap_DebtWeightedAverageInterestRate
/ us-gaap_ConsolidationItemsAxis
= us-gaap_CorporateNonSegmentMember
/ us-gaap_DebtInstrumentAxis
= hov_NonrecourseMortgagesMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_MortgagesMember
7.00%us-gaap_DebtWeightedAverageInterestRate
/ us-gaap_ConsolidationItemsAxis
= us-gaap_CorporateNonSegmentMember
/ us-gaap_DebtInstrumentAxis
= hov_NonrecourseMortgagesMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_MortgagesMember
Long-term Debt, Maturities, Repayments of Principal in Next Twelve Months   600,000us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
/ us-gaap_ConsolidationItemsAxis
= us-gaap_CorporateNonSegmentMember
/ us-gaap_DebtInstrumentAxis
= hov_NonrecourseMortgagesMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_MortgagesMember
 
Long-term Debt, Maturities, Repayments of Principal in Year Two   1,200,000us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
/ us-gaap_ConsolidationItemsAxis
= us-gaap_CorporateNonSegmentMember
/ us-gaap_DebtInstrumentAxis
= hov_NonrecourseMortgagesMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_MortgagesMember
 
Long-term Debt, Maturities, Repayments of Principal in Year Three   1,300,000us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
/ us-gaap_ConsolidationItemsAxis
= us-gaap_CorporateNonSegmentMember
/ us-gaap_DebtInstrumentAxis
= hov_NonrecourseMortgagesMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_MortgagesMember
 
Long-term Debt, Maturities, Repayments of Principal in Year Four   1,400,000us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
/ us-gaap_ConsolidationItemsAxis
= us-gaap_CorporateNonSegmentMember
/ us-gaap_DebtInstrumentAxis
= hov_NonrecourseMortgagesMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_MortgagesMember
 
Long-term Debt, Maturities, Repayments of Principal in Year Five   1,500,000us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
/ us-gaap_ConsolidationItemsAxis
= us-gaap_CorporateNonSegmentMember
/ us-gaap_DebtInstrumentAxis
= hov_NonrecourseMortgagesMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_MortgagesMember
 
Long-term Debt, Maturities, Repayments of Principal after Year Five   10,100,000us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
/ us-gaap_ConsolidationItemsAxis
= us-gaap_CorporateNonSegmentMember
/ us-gaap_DebtInstrumentAxis
= hov_NonrecourseMortgagesMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_MortgagesMember
 
Homebuilding [Member] | Mortgages [Member] | Nonrecourse Mortgages [Member]      
Note 10 - Mortgages and Notes Payable (Details) [Line Items]      
Secured Debt   118,904,000us-gaap_SecuredDebt
/ us-gaap_DebtInstrumentAxis
= hov_NonrecourseMortgagesMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_MortgagesMember
/ us-gaap_StatementBusinessSegmentsAxis
= hov_HomebuildingMember
103,908,000us-gaap_SecuredDebt
/ us-gaap_DebtInstrumentAxis
= hov_NonrecourseMortgagesMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_MortgagesMember
/ us-gaap_StatementBusinessSegmentsAxis
= hov_HomebuildingMember
[1]
Debt Instrument, Collateral Amount   321,200,000us-gaap_DebtInstrumentCollateralAmount
/ us-gaap_DebtInstrumentAxis
= hov_NonrecourseMortgagesMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_MortgagesMember
/ us-gaap_StatementBusinessSegmentsAxis
= hov_HomebuildingMember
220,100,000us-gaap_DebtInstrumentCollateralAmount
/ us-gaap_DebtInstrumentAxis
= hov_NonrecourseMortgagesMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_MortgagesMember
/ us-gaap_StatementBusinessSegmentsAxis
= hov_HomebuildingMember
Debt, Weighted Average Interest Rate   5.00%us-gaap_DebtWeightedAverageInterestRate
/ us-gaap_DebtInstrumentAxis
= hov_NonrecourseMortgagesMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_MortgagesMember
/ us-gaap_StatementBusinessSegmentsAxis
= hov_HomebuildingMember
5.00%us-gaap_DebtWeightedAverageInterestRate
/ us-gaap_DebtInstrumentAxis
= hov_NonrecourseMortgagesMember
/ us-gaap_LongtermDebtTypeAxis
= us-gaap_MortgagesMember
/ us-gaap_StatementBusinessSegmentsAxis
= hov_HomebuildingMember
Restricted Cash [Member] | Senior Secured Notes [Member] | The 7.25% 2020 Notes and 9.125% 2020 Notes [Member] | Letter of Credit [Member]      
Note 10 - Mortgages and Notes Payable (Details) [Line Items]      
Cash Collateral for Borrowed Securities   2,600,000us-gaap_CashCollateralForBorrowedSecurities
/ us-gaap_BalanceSheetLocationAxis
= hov_RestrictedCashMember
/ us-gaap_CreditFacilityAxis
= us-gaap_LetterOfCreditMember
/ us-gaap_DebtInstrumentAxis
= hov_The7252020NotesAnd91252020NotesMember
/ us-gaap_LongtermDebtTypeAxis
= hov_SeniorSecuredNotesMember
5,600,000us-gaap_CashCollateralForBorrowedSecurities
/ us-gaap_BalanceSheetLocationAxis
= hov_RestrictedCashMember
/ us-gaap_CreditFacilityAxis
= us-gaap_LetterOfCreditMember
/ us-gaap_DebtInstrumentAxis
= hov_The7252020NotesAnd91252020NotesMember
/ us-gaap_LongtermDebtTypeAxis
= hov_SeniorSecuredNotesMember
Citi Bank [Member] | Revolving Credit Facility [Member]      
Note 10 - Mortgages and Notes Payable (Details) [Line Items]      
Debt Instrument, Term 5 years    
Line of Credit Facility, Maximum Borrowing Capacity 75,000,000us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity
/ us-gaap_CreditFacilityAxis
= us-gaap_RevolvingCreditFacilityMember
/ us-gaap_LineOfCreditFacilityAxis
= hov_CitiBankMember
   
Debt Instrument Basis Spread On Variable Rate Number Of Business Days Prior To First Day Of Interest Period Spread Determined   2 days  
Long-term Line of Credit   0us-gaap_LineOfCredit
/ us-gaap_CreditFacilityAxis
= us-gaap_RevolvingCreditFacilityMember
/ us-gaap_LineOfCreditFacilityAxis
= hov_CitiBankMember
0us-gaap_LineOfCredit
/ us-gaap_CreditFacilityAxis
= us-gaap_RevolvingCreditFacilityMember
/ us-gaap_LineOfCreditFacilityAxis
= hov_CitiBankMember
Letters of Credit Outstanding, Amount   22,400,000us-gaap_LettersOfCreditOutstandingAmount
/ us-gaap_CreditFacilityAxis
= us-gaap_RevolvingCreditFacilityMember
/ us-gaap_LineOfCreditFacilityAxis
= hov_CitiBankMember
26,500,000us-gaap_LettersOfCreditOutstandingAmount
/ us-gaap_CreditFacilityAxis
= us-gaap_RevolvingCreditFacilityMember
/ us-gaap_LineOfCreditFacilityAxis
= hov_CitiBankMember
JP Morgan Chase Bank [Member] | London Interbank Offered Rate (LIBOR) [Member]      
Note 10 - Mortgages and Notes Payable (Details) [Line Items]      
Debt Instrument Variable Rate Basis Adjusted London Interbank Offered Rate LIBOR   0.18%hov_DebtInstrumentVariableRateBasisAdjustedLondonInterbankOfferedRateLIBOR
/ us-gaap_LineOfCreditFacilityAxis
= hov_JPMorganChaseBankMember
/ us-gaap_VariableRateAxis
= us-gaap_LondonInterbankOfferedRateLIBORMember
 
Debt Instrument, Basis Spread on Variable Rate   2.75%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
/ us-gaap_LineOfCreditFacilityAxis
= hov_JPMorganChaseBankMember
/ us-gaap_VariableRateAxis
= us-gaap_LondonInterbankOfferedRateLIBORMember
 
JP Morgan Chase Bank [Member]      
Note 10 - Mortgages and Notes Payable (Details) [Line Items]      
Line of Credit Facility, Maximum Borrowing Capacity   50,000,000us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity
/ us-gaap_LineOfCreditFacilityAxis
= hov_JPMorganChaseBankMember
 
Debt Instrument, Interest Rate, Effective Percentage   2.93%us-gaap_DebtInstrumentInterestRateEffectivePercentage
/ us-gaap_LineOfCreditFacilityAxis
= hov_JPMorganChaseBankMember
 
Warehouse Agreement Borrowings   31,900,000us-gaap_WarehouseAgreementBorrowings
/ us-gaap_LineOfCreditFacilityAxis
= hov_JPMorganChaseBankMember
25,500,000us-gaap_WarehouseAgreementBorrowings
/ us-gaap_LineOfCreditFacilityAxis
= hov_JPMorganChaseBankMember
Customers Bank [Member] | Minimum [Member] | London Interbank Offered Rate (LIBOR) [Member]      
Note 10 - Mortgages and Notes Payable (Details) [Line Items]      
Debt Instrument, Basis Spread on Variable Rate   2.75%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
/ us-gaap_LineOfCreditFacilityAxis
= hov_CustomersBankMember
/ us-gaap_RangeAxis
= us-gaap_MinimumMember
/ us-gaap_VariableRateAxis
= us-gaap_LondonInterbankOfferedRateLIBORMember
 
Customers Bank [Member] | Maximum [Member] | London Interbank Offered Rate (LIBOR) [Member]      
Note 10 - Mortgages and Notes Payable (Details) [Line Items]      
Debt Instrument, Basis Spread on Variable Rate   5.25%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
/ us-gaap_LineOfCreditFacilityAxis
= hov_CustomersBankMember
/ us-gaap_RangeAxis
= us-gaap_MaximumMember
/ us-gaap_VariableRateAxis
= us-gaap_LondonInterbankOfferedRateLIBORMember
 
Customers Bank [Member]      
Note 10 - Mortgages and Notes Payable (Details) [Line Items]      
Line of Credit Facility, Maximum Borrowing Capacity   37,500,000us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity
/ us-gaap_LineOfCreditFacilityAxis
= hov_CustomersBankMember
 
Warehouse Agreement Borrowings   27,200,000us-gaap_WarehouseAgreementBorrowings
/ us-gaap_LineOfCreditFacilityAxis
= hov_CustomersBankMember
20,400,000us-gaap_WarehouseAgreementBorrowings
/ us-gaap_LineOfCreditFacilityAxis
= hov_CustomersBankMember
Minimum [Member] | Credit Suisse Master Repurchase Agreement [Member]      
Note 10 - Mortgages and Notes Payable (Details) [Line Items]      
Debt Instrument, Basis Spread on Variable Rate   2.25%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
/ us-gaap_DebtInstrumentAxis
= hov_CreditSuisseMasterRepurchaseAgreementMember
/ us-gaap_RangeAxis
= us-gaap_MinimumMember
 
Maximum [Member] | Credit Suisse Master Repurchase Agreement [Member]      
Note 10 - Mortgages and Notes Payable (Details) [Line Items]      
Debt Instrument, Basis Spread on Variable Rate   2.75%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
/ us-gaap_DebtInstrumentAxis
= hov_CreditSuisseMasterRepurchaseAgreementMember
/ us-gaap_RangeAxis
= us-gaap_MaximumMember
 
London Interbank Offered Rate (LIBOR) [Member] | Comerica Master Repurchase Agreement [Member]      
Note 10 - Mortgages and Notes Payable (Details) [Line Items]      
Debt Instrument, Basis Spread on Variable Rate   2.625%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
/ us-gaap_DebtInstrumentAxis
= hov_ComericaMasterRepurchaseAgreementMember
/ us-gaap_VariableRateAxis
= us-gaap_LondonInterbankOfferedRateLIBORMember
 
Debt Instrument Variable Rate Basis Floor Rate   0.25%hov_DebtInstrumentfVariableRateBasisFloorRate
/ us-gaap_DebtInstrumentAxis
= hov_ComericaMasterRepurchaseAgreementMember
/ us-gaap_VariableRateAxis
= us-gaap_LondonInterbankOfferedRateLIBORMember
 
Senior Secured Notes [Member] | The 7.25% 2020 Notes and 9.125% 2020 Notes [Member]      
Note 10 - Mortgages and Notes Payable (Details) [Line Items]      
Debt Instrument, Collateral Amount   786,200,000us-gaap_DebtInstrumentCollateralAmount
/ us-gaap_DebtInstrumentAxis
= hov_The7252020NotesAnd91252020NotesMember
/ us-gaap_LongtermDebtTypeAxis
= hov_SeniorSecuredNotesMember
 
Cash Collateral for Borrowed Securities   221,100,000us-gaap_CashCollateralForBorrowedSecurities
/ us-gaap_DebtInstrumentAxis
= hov_The7252020NotesAnd91252020NotesMember
/ us-gaap_LongtermDebtTypeAxis
= hov_SeniorSecuredNotesMember
 
Credit Suisse Master Repurchase Agreement [Member]      
Note 10 - Mortgages and Notes Payable (Details) [Line Items]      
Line of Credit Facility, Maximum Borrowing Capacity   50,000,000us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity
/ us-gaap_DebtInstrumentAxis
= hov_CreditSuisseMasterRepurchaseAgreementMember
 
Warehouse Agreement Borrowings   11,000,000us-gaap_WarehouseAgreementBorrowings
/ us-gaap_DebtInstrumentAxis
= hov_CreditSuisseMasterRepurchaseAgreementMember
19,700,000us-gaap_WarehouseAgreementBorrowings
/ us-gaap_DebtInstrumentAxis
= hov_CreditSuisseMasterRepurchaseAgreementMember
Line of Credit Facility, Additional Borrowing Capacity   30,000,000hov_LineOfCreditFacilityAdditionalBorrowingCapacity
/ us-gaap_DebtInstrumentAxis
= hov_CreditSuisseMasterRepurchaseAgreementMember
 
Debt Instrument Variable Rate Basis Effective Rate   0.47%hov_DebtInstrumentVariableRateBasisEffectiveRate
/ us-gaap_DebtInstrumentAxis
= hov_CreditSuisseMasterRepurchaseAgreementMember
 
Comerica Master Repurchase Agreement [Member]      
Note 10 - Mortgages and Notes Payable (Details) [Line Items]      
Line of Credit Facility, Maximum Borrowing Capacity   35,000,000us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity
/ us-gaap_DebtInstrumentAxis
= hov_ComericaMasterRepurchaseAgreementMember
 
Debt Instrument, Interest Rate, Effective Percentage   2.875%us-gaap_DebtInstrumentInterestRateEffectivePercentage
/ us-gaap_DebtInstrumentAxis
= hov_ComericaMasterRepurchaseAgreementMember
2.875%us-gaap_DebtInstrumentInterestRateEffectivePercentage
/ us-gaap_DebtInstrumentAxis
= hov_ComericaMasterRepurchaseAgreementMember
Warehouse Agreement Borrowings   12,800,000us-gaap_WarehouseAgreementBorrowings
/ us-gaap_DebtInstrumentAxis
= hov_ComericaMasterRepurchaseAgreementMember
11,300,000us-gaap_WarehouseAgreementBorrowings
/ us-gaap_DebtInstrumentAxis
= hov_ComericaMasterRepurchaseAgreementMember
Letter of Credit [Member]      
Note 10 - Mortgages and Notes Payable (Details) [Line Items]      
Letters of Credit Outstanding, Amount   $ 2,600,000us-gaap_LettersOfCreditOutstandingAmount
/ us-gaap_CreditFacilityAxis
= us-gaap_LetterOfCreditMember
$ 5,500,000us-gaap_LettersOfCreditOutstandingAmount
/ us-gaap_CreditFacilityAxis
= us-gaap_LetterOfCreditMember
[1] Derived from the audited balance sheet as of October 31, 2014.