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Note 17 - Investments in Unconsolidated Homebuilding and Land Development Joint Ventures (Tables)

9 Months Ended

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	)

X

- 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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