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Note 18 - Investments in Unconsolidated Homebuilding and Land Development Joint Ventures (Tables) | 9 Months Ended
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Jul. 31, 2016
Notes Tables |
Equity Method Investments [Table Text Block] |
(Dollars in thousands) |  | July 31, 2016 |
|  | Homebuilding |  |  | Land Development |  |  | Total |
Assets: |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $39,129 |  |  | $860 |  |  | $39,989 |
Inventories |  | 504,730 |  |  | 12,299 |  |  | 517,029 |
Other assets |  | 24,832 |  |  | - |  |  | 24,832 |
Total assets |  | $568,691 |  |  | $13,159 |  |  | $581,850 |
Liabilities and equity: |  |  |  |  |  |  |  |  |
Accounts payable and accrued liabilities |  | $50,686 |  |  | $1,222 |  |  | $51,908 |
Notes payable |  | 209,868 |  |  | 2,864 |  |  | 212,732 |
Total liabilities |  | 260,554 |  |  | 4,086 |  |  | 264,640 |
Equity of: |  |  |  |  |  |  |  |  |
Hovnanian Enterprises, Inc. |  | 80,747 |  |  | 3,309 |  |  | 84,056 |
Others |  | 227,390 |  |  | 5,764 |  |  | 233,154 |
Total equity |  | 308,137 |  |  | 9,073 |  |  | 317,210 |
Total liabilities and equity |  | $568,691 |  |  | $13,159 |  |  | $581,850 |
Debt to capitalization ratio |  | 41 | % |  | 24 | % |  | 40 | %
(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 July 31, 2016 |
(In thousands) |  | Homebuilding |  |  | Land Development |  |  | Total |
Revenues |  | $31,145 |  |  | $1,219 |  |  | $32,364 |
Cost of sales and expenses |  | (37,245 | ) |  | (1,143 | ) |  | (38,388 | )
Joint venture net (loss) income |  | $(6,100 | ) |  | $76 |  |  | $(6,024 | )
Our share of net (loss) income |  | $(2,418 | ) |  | $38 |  |  | $(2,380 | )
|  | For the Three Months Ended July 31, 2015 |
(In thousands) |  | Homebuilding |  |  | Land Development |  |  | Total |
Revenues |  | $27,459 |  |  | $1,394 |  |  | $28,853 |
Cost of sales and expenses |  | (29,705 | ) |  | (1,296 | ) |  | (31,001 | )
Joint venture net (loss) income |  | $(2,246 | ) |  | $98 |  |  | $(2,148 | )
Our share of net (loss) income |  | $(488 | ) |  | $49 |  |  | $(439 | )
|  | For the Nine Months Ended July, 2016 |
(In thousands) |  | Homebuilding |  |  | Land Development |  |  | Total |
Revenues |  | $77,171 |  |  | $2,836 |  |  | $80,007 |
Cost of sales and expenses |  | (92,904 | ) |  | (2,462 | ) |  | (95,366 | )
Joint venture net (loss) income |  | $(15,733 | ) |  | $374 |  |  | $(15,359 | )
Our share of net (loss) income |  | $(5,267 | ) |  | $187 |  |  | $(5,080 | )
|  | For the Nine Months Ended July 31, 2015 |
(In thousands) |  | Homebuilding |  |  | Land Development |  |  | Total |
Revenues |  | $91,300 |  |  | $4,009 |  |  | $95,309 |
Cost of sales and expenses |  | (53,821 | ) |  | (4,103 | ) |  | (57,924 | )
Joint venture net income (loss) |  | $37,479 |  |  | $(94 | ) |  | $37,385 |
Our share of net income (loss) |  | $728 |  |  | $(47 | ) |  | $681 |

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