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Note 20 - Investments in Unconsolidated Homebuilding and Land Development Joint Ventures (Tables) | 12 Months Ended
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Oct. 31, 2021
Notes Tables |
Equity Method Investments [Table Text Block] |
|  | October 31, 2021 |
|  |  |  |  |  | Land |  |  |  |  |
(Dollars in thousands) |  | Homebuilding |  |  | Development |  |  | Total |
Assets: |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 132,963 |  |  | $ | 1,972 |  |  | $ | 134,935 |
Inventories |  |  | 442,347 |  |  |  | - |  |  |  | 442,347 |
Other assets |  |  | 34,551 |  |  |  | - |  |  |  | 34,551 |
Total assets |  | $ | 609,861 |  |  | $ | 1,972 |  |  | $ | 611,833 |
Liabilities and equity: |  |  |  |  |  |  |  |  |  |  |  |
Accounts payable and accrued liabilities |  | $ | 386,117 |  |  | $ | 1,681 |  |  | $ | 387,798 |
Notes payable |  |  | 73,994 |  |  |  | - |  |  |  | 73,994 |
Total liabilities |  |  | 460,111 |  |  |  | 1,681 |  |  |  | 461,792 |
Equity of: |  |  |  |  |  |  |  |  |  |  |  |
Hovnanian Enterprises, Inc. |  |  | 58,460 |  |  |  | 254 |  |  |  | 58,714 |
Others |  |  | 91,290 |  |  |  | 37 |  |  |  | 91,327 |
Total equity |  |  | 149,750 |  |  |  | 291 |  |  |  | 150,041 |
Total liabilities and equity |  | $ | 609,861 |  |  | $ | 1,972 |  |  | $ | 611,833 |
Debt to capitalization ratio |  |  | 33 | % |  |  | 0 | % |  |  | 33 | %
|  | 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 | %
|  | For The Year Ended October 31, 2021 |
|  |  |  |  |  | Land |  |  |  |  |
(Dollars in thousands) |  | Homebuilding |  |  | Development |  |  | Total |
Revenues |  | $ | 347,898 |  |  | $ | 691 |  |  | $ | 348,589 |
Cost of sales and expenses |  |  | (335,077 | ) |  |  | (209 | ) |  |  | (335,286 | )
Joint venture net income |  | $ | 12,821 |  |  | $ | 482 |  |  | $ | 13,303 |
Our share of net income |  | $ | 8,754 |  |  | $ | 195 |  |  | $ | 8,949 |
|  | 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 |

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