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Note 18 - Investments in Unconsolidated Homebuilding and Land Development Joint Ventures (Tables)

3 Months Ended

Jan. 31, 2016

Equity Method Investments and Joint Ventures [Abstract]

Equity Method Investments [Table Text Block]

(Dollars in thousands)		January 31, 2016
		Homebuilding			Land Development			Total
Assets:
Cash and cash equivalents		$33,037			$1,500			$34,537
Inventories		371,231			11,154			382,385
Other assets		16,919			-			16,919
Total assets		$421,187			$12,654			$433,841

Liabilities and equity:
Accounts payable and accrued liabilities		$34,075			$560			$34,635
Notes payable		115,345			3,319			118,664
Total liabilities		149,420			3,879			153,299
Equity of:
Hovnanian Enterprises, Inc.		64,731			3,058			67,789
Others		207,036			5,717			212,753
Total equity		271,767			8,775			280,542
Total liabilities and equity		$421,187			$12,654			$433,841
Debt to capitalization ratio		30	%		27	%		30	%

(Dollars in thousands)		October 31, 2015
		Homebuilding			Land Development			Total
Assets:
Cash and cash equivalents		$27,856			$1,755			$29,611
Inventories		314,814			11,767			326,581
Other assets		11,225			-			11,225
Total assets		$353,895			$13,522			$367,417

Liabilities and equity:
Accounts payable and accrued liabilities		$29,994			$669			$30,663
Notes payable		112,554			3,774			116,328
Total liabilities		142,548			4,443			146,991
Equity of:
Hovnanian Enterprises, Inc.		57,336			3,122			60,458
Others		154,011			5,957			159,968
Total equity		211,347			9,079			220,426
Total liabilities and equity		$353,895			$13,522			$367,417
Debt to capitalization ratio		35	%		29	%		35	%

		For the Three Months Ended January 31, 2016
(In thousands)		Homebuilding			Land Development			Total

Revenues		$20,266			$1,096			$21,362
Cost of sales and expenses		(24,179	)		(1,223	)		(25,402	)
Joint venture net loss		$(3,913	)		$(127	)		$(4,040	)
Our share of net loss		$(1,496	)		$(64	)		$(1,560	)

		For the Three Months Ended January 31, 2015
(In thousands)		Homebuilding			Land Development			Total

Revenues		$28,045			$1,132			$29,177
Cost of sales and expenses		(26,517	)		(1,085	)		(27,602	)
Joint venture net income		$1,528			$47			$1,575
Our share of net income		$1,467			$23			$1,490