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Note 17 - Investments in Unconsolidated Homebuilding and Land Development Joint Ventures (Tables) | 9 Months Ended
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Jul. 31, 2017
Notes Tables |
Equity Method Investments [Table Text Block] |
(Dollars in thousands) |  | July 31, 2017 |
|  | Homebuilding |  |  | Land Development |  |  | Total |
Assets: |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 38,501 |  |  | $ | 223 |  |  | $ | 38,724 |
Inventories |  |  | 661,510 |  |  |  | 8,582 |  |  |  | 670,092 |
Other assets |  |  | 29,817 |  |  |  | - |  |  |  | 29,817 |
Total assets |  | $ | 729,828 |  |  | $ | 8,805 |  |  | $ | 738,633 |
Liabilities and equity: |  |  |  |  |  |  |  |  |  |  |  |
Accounts payable and accrued liabilities |  | $ | 108,799 |  |  | $ | 469 |  |  | $ | 109,268 |
Notes payable |  |  | 313,436 |  |  |  | 489 |  |  |  | 313,925 |
Total liabilities |  |  | 422,235 |  |  |  | 958 |  |  |  | 423,193 |
Equity of: |  |  |  |  |  |  |  |  |  |  |  |
Hovnanian Enterprises, Inc. |  |  | 84,538 |  |  |  | 3,196 |  |  |  | 87,734 |
Others |  |  | 223,055 |  |  |  | 4,651 |  |  |  | 227,706 |
Total equity |  |  | 307,593 |  |  |  | 7,847 |  |  |  | 315,440 |
Total liabilities and equity |  | $ | 729,828 |  |  | $ | 8,805 |  |  | $ | 738,633 |
Debt to capitalization ratio |  |  | 50 | % |  |  | 6 | % |  |  | 50 | %
(Dollars in thousands) |  | October 31, 2016 |
|  | 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 Three Months Ended July 31, 2017 |
(In thousands) |  | Homebuilding |  |  | Land Development |  |  | Total |
Revenues |  | $ | 62,610 |  |  | $ | 1,789 |  |  | $ | 64,399 |
Cost of sales and expenses |  |  | (70,411 | ) |  |  | (1,873 | ) |  |  | (72,284 | )
Joint venture net loss |  | $ | (7,801 | ) |  | $ | (84 | ) |  | $ | (7,885 | )
Our share of net loss |  | $ | (3,966 | ) |  | $ | (42 | ) |  | $ | (4,008 | )
|  | 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 Nine Months Ended July 31, 2017 |
(In thousands) |  | Homebuilding |  |  | Land Development |  |  | Total |
Revenues |  | $ | 214,103 |  |  | $ | 4,649 |  |  | $ | 218,752 |
Cost of sales and expenses |  |  | (225,594 | ) |  |  | (4,696 | ) |  |  | (230,290 | )
Joint venture net loss |  | $ | (11,491 | ) |  | $ | (47 | ) |  | $ | (11,538 | )
Our share of net loss |  | $ | (10,230 | ) |  | $ | (24 | ) |  | $ | (10,254 | )
|  | For the Nine Months Ended July 31, 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 | )

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