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

6 Months Ended

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

X

- 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://www.xbrl.org/2003/role/disclosureRef
-Topic 323
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481687/323-10-50-3

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- References

No definition available.

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