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

3 Months Ended

Jan. 31, 2023

Notes Tables

Equity Method Investments [Table Text Block]

(In thousands)		January 31, 2023
						Land
		Homebuilding				Development				Total
Assets:
Cash and cash equivalents		$	132,931			$	859			$	133,790
Inventories			501,596				-				501,596
Other assets			25,388				-				25,388
Total assets		$	659,915			$	859			$	660,774

Liabilities and equity:
Accounts payable and accrued liabilities		$	479,122			$	642			$	479,764
Notes payable			58,767				-				58,767
Total liabilities			537,889				642				538,531
Equity of:
Hovnanian Enterprises, Inc.			97,047				209				97,256
Others			24,979				8				24,987
Total equity			122,026				217				122,243
Total liabilities and equity		$	659,915			$	859			$	660,774
Debt to capitalization ratio			33	%			0	%			32	%

(In thousands)		October 31, 2022
						Land
		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	%

		Three Months Ended January 31, 2023
(In thousands)						Land
		Homebuilding				Development				Total

Revenues		$	79,601			$	-			$	79,601
Cost of sales and expenses			(76,885	)			-				(76,885	)
Joint venture net income		$	2,716			$	-			$	2,716
Our share of net income		$	7,160			$	-			$	7,160

		Three Months Ended January 31, 2022
(In thousands)						Land
		Homebuilding				Development				Total

Revenues		$	69,591			$	113			$	69,704
Cost of sales and expenses			(65,582	)			(26	)			(65,608	)
Joint venture net income		$	4,009			$	87			$	4,096
Our share of net income		$	8,147			$	45			$	8,192