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Note 18 - Investments in Unconsolidated Homebuilding and Land Development Joint Ventures (Tables) | 6 Months Ended
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Apr. 30, 2023
Notes Tables |
Equity Method Investments [Table Text Block] |
(In thousands) |  | April 30, 2023 |
|  |  |  |  |  | Land |  |  |  |  |
|  | Homebuilding |  |  | Development |  |  | Total |
Assets: |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 116,686 |  |  | $ | 835 |  |  | $ | 117,521 |
Inventories |  |  | 484,067 |  |  |  | - |  |  |  | 484,067 |
Other assets |  |  | 21,359 |  |  |  | - |  |  |  | 21,359 |
Total assets |  | $ | 622,112 |  |  | $ | 835 |  |  | $ | 622,947 |
Liabilities and equity: |  |  |  |  |  |  |  |  |  |  |  |
Accounts payable and accrued liabilities |  | $ | 479,227 |  |  | $ | 621 |  |  | $ | 479,848 |
Notes payable |  |  | 56,238 |  |  |  | - |  |  |  | 56,238 |
Total liabilities |  |  | 535,465 |  |  |  | 621 |  |  |  | 536,086 |
Equity of: |  |  |  |  |  |  |  |  |  |  |  |
Hovnanian Enterprises, Inc. |  |  | 84,048 |  |  |  | 209 |  |  |  | 84,257 |
Others |  |  | 2,599 |  |  |  | 5 |  |  |  | 2,604 |
Total equity |  |  | 86,647 |  |  |  | 214 |  |  |  | 86,861 |
Total liabilities and equity |  | $ | 622,112 |  |  | $ | 835 |  |  | $ | 622,947 |
Debt to capitalization ratio |  |  | 39 | % |  |  | 0 | % |  |  | 39 | %
(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 April 30, 2023 |
(In thousands) |  |  |  |  |  | Land |  |  |  |  |
|  | Homebuilding |  |  | Development |  |  | Total |
Revenues |  | $ | 81,530 |  |  | $ | - |  |  | $ | 81,530 |
Cost of sales and expenses |  |  | (76,352 | ) |  |  | (3 | ) |  |  | (76,355 | )
Joint venture net income (loss) |  | $ | 5,178 |  |  | $ | (3 | ) |  | $ | 5,175 |
Our share of net income |  | $ | 5,408 |  |  | $ | - |  |  | $ | 5,408 |
|  | 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 |
|  | Six Months Ended April 30, 2023 |
(In thousands) |  |  |  |  |  | Land |  |  |  |  |
|  | Homebuilding |  |  | Development |  |  | Total |
Revenues |  | $ | 161,131 |  |  | $ | - |  |  | $ | 161,131 |
Cost of sales and expenses |  |  | (153,237 | ) |  |  | (3 | ) |  |  | (153,240 | )
Joint venture net income (loss) |  | $ | 7,894 |  |  | $ | (3 | ) |  | $ | 7,891 |
Our share of net income |  | $ | 12,568 |  |  | $ | - |  |  | $ | 12,568 |
|  | 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 |

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