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

9 Months Ended

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

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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