XML 72 R44.htm IDEA: XBRL DOCUMENT

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

12 Months Ended

Oct. 31, 2023

Notes Tables

Equity Method Investments [Table Text Block]

		*October 31, 2023*
						*Land*
(In thousands)		*Homebuilding*				*Development*				*Total*
Assets:
Cash and cash equivalents		$	127,547			$	822			$	128,369
Inventories			375,022				-				375,022
Other assets			380,989				-				380,989
Total assets		$	883,558			$	822			$	884,380
Liabilities and equity:
Accounts payable and accrued liabilities		$	524,586			$	605			$	525,191
Notes payable			101,126				-				101,126
Total liabilities			625,712				605				626,317
Equity of:
Hovnanian Enterprises, Inc.			96,281				210				96,491
Others			161,565				7				161,572
Total equity			257,846				217				258,063
Total liabilities and equity		$	883,558			$	822			$	884,380
Debt to capitalization ratio			28	%			0	%			28	%

		*October 31, 2022*
						*Land*
(In thousands)		*Homebuilding*				*Development*				*Total*
Assets:
Cash and cash equivalents		$	153,176			$	868			$	154,044
Inventories			441,140				-				441,140
Other assets			20,037				-				20,037
Total assets		$	614,353			$	868			$	615,221
Liabilities and equity:
Accounts payable and accrued liabilities		$	471,813			$	651			$	472,464
Notes payable			34,880				-				34,880
Total liabilities			506,693				651				507,344
Equity of:
Hovnanian Enterprises, Inc.			73,142				209				73,351
Others			34,518				8				34,526
Total equity			107,660				217				107,877
Total liabilities and equity		$	614,353			$	868			$	615,221
Debt to capitalization ratio			24	%			0	%			24	%

		*For The Year Ended October 31, 2023*
						*Land*
(In thousands)		*Homebuilding*				*Development*				*Total*
Revenues		$	783,298			$	-			$	783,298
Cost of sales and expenses			(654,217	)			-				(654,217	)
Joint venture net income		$	129,081			$	-			$	129,081
Our share of net income		$	43,160			$	-			$	43,160

		*For The Year Ended October 31, 2022*
						*Land*
(In thousands)		*Homebuilding*				*Development*				*Total*
Revenues		$	351,767			$	113			$	351,880
Cost of sales and expenses			(318,788	)			(37	)			(318,825	)
Joint venture net income		$	32,979			$	76			$	33,055
Our share of net income		$	29,002			$	31			$	29,033

		*For The Year Ended October 31, 2021*
						*Land*
(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