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Note 18 - Investments in Unconsolidated Homebuilding and Land Development Joint Ventures (Tables)

6 Months Ended

Apr. 30, 2022

Notes Tables

Equity Method Investments [Table Text Block]

(Dollars in thousands)		April 30, 2022
						Land
		Homebuilding				Development				Total
Assets:
Cash and cash equivalents		$	141,858			$	1,434			$	143,292
Inventories			456,277				-				456,277
Other assets			38,288				-				38,288
Total assets		$	636,423			$	1,434			$	637,857
Liabilities and equity:
Accounts payable and accrued liabilities		$	459,344			$	1,061				460,405
Notes payable			45,772				-				45,772
Total liabilities			505,116				1,061				506,177
Equity of:
Hovnanian Enterprises, Inc.			64,921				298				65,219
Others			66,386				75				66,461
Total equity			131,307				373				131,680
Total liabilities and equity		$	636,423			$	1,434			$	637,857
Debt to capitalization ratio			26	%			0	%			26	%

(Dollars in thousands)		October 31, 2021
						Land
		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	%

		Three Months Ended April 30, 2022
(In thousands)						Land
		Homebuilding				Development				Total
Revenues		$	87,396			$	-			$	87,396
Cost of sales and expenses			(78,286	)			(5	)			(78,291	)
Joint venture net income (loss)		$	9,110			$	(5	)		$	9,105
Our share of net income		$	3,170			$	-			$	3,170

		Three Months Ended April 30, 2021
(In thousands)						Land
		Homebuilding				Development				Total
Revenues		$	91,526			$	428			$	91,954
Cost of sales and expenses			(87,696	)			(149	)			(87,845	)
Joint venture net income		$	3,830			$	279			$	4,109
Our share of net income		$	2,637			$	113			$	2,750

		Six Months Ended April 30, 2022
(In thousands)						Land
		Homebuilding				Development				Total
Revenues		$	156,987			$	113			$	157,100
Cost of sales and expenses			(143,868	)			(31	)			(143,899	)
Joint venture net income		$	13,119			$	82			$	13,201
Our share of net income		$	11,317			$	45			$	11,362

		Six Months Ended April 30, 2021
(In thousands)						Land
		Homebuilding				Development				Total
Revenues		$	162,990			$	691			$	163,681
Cost of sales and expenses			(158,969	)			(177	)			(159,146	)
Joint venture net income		$	4,021			$	514			$	4,535
Our share of net income		$	4,548			$	208			$	4,756

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- 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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 323
-SubTopic 10
-Section 50
-Paragraph 3
-URI https://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571

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- References

No definition available.

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