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

12 Months Ended

Oct. 31, 2020

Notes Tables

Equity Method Investments [Table Text Block]

		*October 31, 2020*
						*Land*
(Dollars in thousands)		*Homebuilding*				*Development*				*Total*
Assets:
Cash and cash equivalents		$	120,107			$	3,454			$	123,561
Inventories			389,001				91				389,092
Other assets			27,062				488				27,550
Total assets		$	536,170			$	4,033			$	540,203
Liabilities and equity:
Accounts payable and accrued liabilities		$	207,277			$	2,152			$	209,429
Notes payable			117,179				-				117,179
Total liabilities			324,456				2,152				326,608
Equity of:
Hovnanian Enterprises, Inc.			102,908				1,340				104,248
Others			108,806				541				109,347
Total equity			211,714				1,881				213,595
Total liabilities and equity		$	536,170			$	4,033			$	540,203
Debt to capitalization ratio			36	%			0	%			35	%

		*October 31, 2019*
						*Land*
(Dollars in thousands)		*Homebuilding*				*Development*				*Total*
Assets:
Cash and cash equivalents		$	108,520			$	2,203			$	110,723
Inventories			397,804				6,038				403,842
Other assets			24,896				233				25,129
Total assets		$	531,220			$	8,474			$	539,694
Liabilities and equity:
Accounts payable and accrued liabilities		$	71,297			$	592			$	71,889
Notes payable			186,882				-				186,882
Total liabilities			258,179				592				258,771
Equity of:
Hovnanian Enterprises, Inc.			120,891				4,747				125,638
Others			152,150				3,135				155,285
Total equity			273,041				7,882				280,923
Total liabilities and equity		$	531,220			$	8,474			$	539,694
Debt to capitalization ratio			41	%			0	%			40	%

		*For The Year Ended October 31, 2020*
						*Land*
(Dollars in thousands)		*Homebuilding*				*Development*				*Total*
Revenues		$	435,077			$	13,024			$	448,101
Cost of sales and expenses			(420,977	)			(11,225	)			(432,202	)
Joint venture net income		$	14,100			$	1,799			$	15,899
Our share of net income		$	16,904			$	17			$	16,921

		*For The Year Ended October 31, 2019*
						*Land*
(Dollars in thousands)		*Homebuilding*				*Development*				*Total*
Revenues		$	488,914			$	8,704			$	497,618
Cost of sales and expenses			(456,563	)			(7,948	)			(464,511	)
Joint venture net income		$	32,351			$	756			$	33,107
Our share of net income		$	28,761			$	378			$	29,139

		*For The Year Ended October 31, 2018*
						*Land*
(Dollars in thousands)		*Homebuilding*				*Development*				*Total*
Revenues		$	602,681			$	6,418			$	609,099
Cost of sales and expenses			(577,106	)			(5,173	)			(582,279	)
Joint venture net income		$	25,575			$	1,245			$	26,820
Our share of net income		$	23,904			$	623			$	24,527