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Note 18 - Investments in Unconsolidated Homebuilding and Land Development Joint Ventures (Tables) | 9 Months Ended
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Jul. 31, 2023
Notes Tables |
Equity Method Investments [Table Text Block] |
(In thousands) |  | July 31, 2023 |
|  |  |  |  |  | Land |  |  |  |  |
|  | Homebuilding |  |  | Development |  |  | Total |
Assets: |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 133,631 |  |  | $ | 829 |  |  | $ | 134,460 |
Inventories |  |  | 643,489 |  |  |  | - |  |  |  | 643,489 |
Other assets |  |  | 23,628 |  |  |  | - |  |  |  | 23,628 |
Total assets |  | $ | 800,748 |  |  | $ | 829 |  |  | $ | 801,577 |
Liabilities and equity: |  |  |  |  |  |  |  |  |  |  |  |
Accounts payable and accrued liabilities |  | $ | 515,034 |  |  | $ | 616 |  |  | $ | 515,650 |
Notes payable |  |  | 90,652 |  |  |  | - |  |  |  | 90,652 |
Total liabilities |  |  | 605,686 |  |  |  | 616 |  |  |  | 606,302 |
Equity of: |  |  |  |  |  |  |  |  |  |  |  |
Hovnanian Enterprises, Inc. |  |  | 82,916 |  |  |  | 209 |  |  |  | 83,125 |
Others |  |  | 112,146 |  |  |  | 4 |  |  |  | 112,150 |
Total equity |  |  | 195,062 |  |  |  | 213 |  |  |  | 195,275 |
Total liabilities and equity |  | $ | 800,748 |  |  | $ | 829 |  |  | $ | 801,577 |
Debt to capitalization ratio |  |  | 32 | % |  |  | 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 July 31, 2023 |
(In thousands) |  |  |  |  |  | Land |  |  |  |  |
|  | Homebuilding |  |  | Development |  |  | Total |
Revenues |  | $ | 122,579 |  |  | $ | - |  |  | $ | 122,579 |
Cost of sales and expenses |  |  | (106,873 | ) |  |  | (1 | ) |  |  | (106,874 | )
Joint venture net income (loss) |  | $ | 15,706 |  |  | $ | (1 | ) |  | $ | 15,705 |
Our share of net income (loss) |  | $ | 8,401 |  |  | $ | - |  |  | $ | 8,401 |
|  | Three Months Ended July 31, 2022 |
(In thousands) |  |  |  |  |  | Land |  |  |  |  |
|  | Homebuilding |  |  | Development |  |  | Total |
Revenues |  | $ | 80,745 |  |  | $ | - |  |  | $ | 80,745 |
Cost of sales and expenses |  |  | (74,303 | ) |  |  | (3 | ) |  |  | (74,306 | )
Joint venture net income (loss) |  | $ | 6,442 |  |  | $ | (3 | ) |  | $ | 6,439 |
Our share of net income (loss) |  | $ | 12,570 |  |  | $ | (13 | ) |  | $ | 12,557 |
|  | Nine Months Ended July 31, 2023 |
(In thousands) |  |  |  |  |  | Land |  |  |  |  |
|  | Homebuilding |  |  | Development |  |  | Total |
Revenues |  | $ | 283,710 |  |  | $ | - |  |  | $ | 283,710 |
Cost of sales and expenses |  |  | (260,110 | ) |  |  | (4 | ) |  |  | (260,114 | )
Joint venture net income (loss) |  | $ | 23,600 |  |  | $ | (4 | ) |  | $ | 23,596 |
Our share of net income (loss) |  | $ | 20,969 |  |  | $ | - |  |  | $ | 20,969 |
|  | Nine Months Ended July 31, 2022 |
(In thousands) |  |  |  |  |  | Land |  |  |  |  |
|  | Homebuilding |  |  | Development |  |  | Total |
Revenues |  | $ | 237,732 |  |  | $ | 113 |  |  | $ | 237,845 |
Cost of sales and expenses |  |  | (218,171 | ) |  |  | (34 | ) |  |  | (218,205 | )
Joint venture net income |  | $ | 19,561 |  |  | $ | 79 |  |  | $ | 19,640 |
Our share of net income |  | $ | 23,887 |  |  | $ | 32 |  |  | $ | 23,919 |

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