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Note 20 - Investments in Unconsolidated Homebuilding and Land Development Joint Ventures (Tables)

12 Months Ended

Oct. 31, 2017

Notes Tables

Equity Method Investments [Table Text Block]

		October 31, 2017
(Dollars in thousands)		Homebuilding				Land Development				Total
Assets:
Cash and cash equivalents		$	60,580			$	194			$	60,774
Inventories			666,017				9,162				675,179
Other assets			36,026				-				36,026
Total assets		$	762,623			$	9,356			$	771,979
Liabilities and equity:
Accounts payable and accrued liabilities		$	121,646			$	429			$	122,075
Notes payable			330,642				-				330,642
Total liabilities			452,288				429				452,717
Equity of:
Hovnanian Enterprises, Inc.			88,884				3,746				92,630
Others			221,451				5,181				226,632
Total equity			310,335				8,927				319,262
Total liabilities and equity		$	762,623			$	9,356			$	771,979
Debt to capitalization ratio			52	%			0	%			51	%

		October 31, 2016
(Dollars in thousands)		Homebuilding				Land Development				Total
Assets:
Cash and cash equivalents		$	48,542			$	1,478			$	50,020
Inventories			516,947				11,010				527,957
Other assets			25,865				-				25,865
Total assets		$	591,354			$	12,488			$	603,842
Liabilities and equity:
Accounts payable and accrued liabilities		$	72,302			$	1,812			$	74,114
Notes payable			214,911				2,261				217,172
Total liabilities			287,213				4,073				291,286
Equity of:
Hovnanian Enterprises, Inc.			88,379				3,220				91,599
Others			215,762				5,195				220,957
Total equity			304,141				8,415				312,556
Total liabilities and equity		$	591,354			$	12,488			$	603,842
Debt to capitalization ratio			41	%			21	%			41	%

		For The Year Ended October 31, 2017
(Dollars in thousands)		Homebuilding				Land Development				Total
Revenues		$	312,164			$	5,685			$	317,849
Cost of sales and expenses			(324,514	)			(4,633	)			(329,147	)
Joint venture net (loss) income		$	(12,350	)		$	1,052			$	(11,298	)
Our share of net (loss) income		$	(7,189	)		$	526			$	(6,663	)

		For The Year Ended October 31, 2016
(Dollars in thousands)		Homebuilding				Land Development				Total
Revenues		$	141,418			$	6,299			$	147,717
Cost of sales and expenses			(159,431	)			(6,103	)			(165,534	)
Joint venture net (loss) income		$	(18,013	)		$	196			$	(17,817	)
Our share of net (loss) income		$	(4,424	)		$	98			$	(4,326	)

		For The Year Ended October 31, 2015
(Dollars in thousands)		Homebuilding				Land Development				Total
Revenues		$	122,192			$	6,782			$	128,974
Cost of sales and expenses			(125,652	)			(6,518	)			(132,170	)
Joint venture net (loss) income		$	(3,460	)		$	264			$	(3,196	)
Our share of net income		$	4,087			$	132			$	4,219

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- Definition

Tabular disclosure of equity method investments including, but not limited to, name of each investee or group of investments, percentage ownership, difference between recorded amount of an investment and the value of the underlying equity in the net assets, and summarized financial information.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 323
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=66011266&loc=d3e33918-111571

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- References

No definition available.

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