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Note 17 - Transactions With Related Parties | 12 Months Ended
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Oct. 31, 2016
Notes to Financial Statements |
Related Party Transactions Disclosure [Text Block] | 17. Transactions with Related Parties During the years ended October 31, 2016, 2015 and 2014, an engineering firm owned by Tavit Najarian, a relative of Ara K. Hovnanian, our Chairman of the Board and one of our executive officers, provided services to the Company totaling $1.0 million, $1.2 million and $1.2 million, respectively. Neither the Company nor Mr. Hovnanian has a financial interest in the relative’s company from whom the services were provided. Ms. Jovana Pellerito, the daughter in law of Mr. Pellerito, one of our executive officers, was employed by the Company and, in fiscal 2014, her total compensation was approximately $96,000. Ms. Pellerito left the employ of the Company in May 2014. Mr. Carson Sorsby, the son of J. Larry Sorsby, one of our directors and executive officers is employed by the Company’s mortgage subsidiary and his total commissions from the Company’s mortgage affiliate totaled approximately $152,000 and $129,000 in fiscal 2016 and 2015, respectively. Mr. Alexander Hovnanian, the son of Ara K. Hovnanian, our Chairman of the Board and one of our executive officers, is employed by the Company as an Area Vice President in the Company’s Hudson/North Jersey Area and in fiscal 2016, his total compensation was approximately $166,000.

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