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

12 Months Ended

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