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Note 18 - Investments in Unconsolidated Homebuilding and Land Development Joint Ventures (Tables) | 6 Months Ended
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Apr. 30, 2016
Notes Tables |
Equity Method Investments [Table Text Block] |
(Dollars in thousands) |  | April 30, 2016 |
|  | Homebuilding |  |  | Land Development |  |  | Total |
Assets: |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  |  | $29,757 |  |  |  | $1,642 |  |  |  | $31,399 |
Inventories |  |  | 400,785 |  |  |  | 11,692 |  |  |  | 412,477 |
Other assets |  |  | 19,536 |  |  |  | - |  |  |  | 19,536 |
Total assets |  |  | $450,078 |  |  |  | $13,334 |  |  |  | $463,412 |
Liabilities and equity: |  |  |  |  |  |  |  |  |  |  |  |
Accounts payable and accrued liabilities |  |  | $39,591 |  |  |  | $992 |  |  |  | $40,583 |
Notes payable |  |  | 116,852 |  |  |  | 3,319 |  |  |  | 120,171 |
Total liabilities |  |  | 156,443 |  |  |  | 4,311 |  |  |  | 160,754 |
Equity of: |  |  |  |  |  |  |  |  |  |  |  |
Hovnanian Enterprises, Inc. |  |  | 66,300 |  |  |  | 3,271 |  |  |  | 69,571 |
Others |  |  | 227,335 |  |  |  | 5,752 |  |  |  | 233,087 |
Total equity |  |  | 293,635 |  |  |  | 9,023 |  |  |  | 302,658 |
Total liabilities and equity |  |  | $450,078 |  |  |  | $13,334 |  |  |  | $463,412 |
Debt to capitalization ratio |  |  | 28 | % |  |  | 27 | % |  |  | 28 | %
(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 April 30, 2016 |
(In thousands) |  | Homebuilding |  |  | Land Development |  |  | Total |
Revenues |  |  | $25,760 |  |  |  | $521 |  |  |  | $26,281 |
Cost of sales and expenses |  |  | (31,480 | ) |  |  | (96 | ) |  |  | (31,576 | )
Joint venture net (loss) income |  |  | $(5,720 | ) |  |  | $425 |  |  |  | $(5,295 | )
Our share of net (loss) income |  |  | $(1,353 | ) |  |  | $213 |  |  |  | $(1,140 | )
|  | For the Three Months Ended April 30, 2015 |
(In thousands) |  | Homebuilding |  |  | Land Development |  |  | Total |
Revenues |  |  | $27,648 |  |  |  | $1,483 |  |  |  | $29,131 |
Cost of sales and expenses |  |  | (29,258 | ) |  |  | (1,722 | ) |  |  | (30,980 | )
Joint venture net loss |  |  | $(1,610 | ) |  |  | $(239 | ) |  |  | $(1,849 | )
Our share of net income (loss) |  |  | $1,465 |  |  |  | $(119 | ) |  |  | $1,346 |
|  | For the Six Months Ended April 30, 2016 |
(In thousands) |  | Homebuilding |  |  | Land Development |  |  | Total |
Revenues |  |  | $46,026 |  |  |  | $1,617 |  |  |  | $47,643 |
Cost of sales and expenses |  |  | (55,659 | ) |  |  | (1,319 | ) |  |  | (56,978 | )
Joint venture net (loss) income |  |  | $(9,633 | ) |  |  | $298 |  |  |  | $(9,335 | )
Our share of net (loss) income |  |  | $(2,849 | ) |  |  | $149 |  |  |  | $(2,700 | )
|  | For the Six Months Ended April 30, 2015 |
(In thousands) |  | Homebuilding |  |  | Land Development |  |  | Total |
Revenues |  |  | $64,774 |  |  |  | $2,615 |  |  |  | $67,389 |
Cost of sales and expenses |  |  | (59,117 | ) |  |  | (2,807 | ) |  |  | (61,924 | )
Joint venture net income (loss) |  |  | $5,657 |  |  |  | $(192 | ) |  |  | $5,465 |
Our share of net income (loss) |  |  | $2,932 |  |  |  | $(96 | ) |  |  | $2,836 |

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