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Note 9 - Senior Notes and Credit Facilities - Senior Notes and Credit Facilities Balances (Details) - USD ($)
$ in Thousands

Oct. 31, 2024

Oct. 31, 2023

Debt Instrument [Line Items]

Senior debt

$ 881,556

^[1]

$ 1,070,261

Net premiums (discounts)

17,340

(14,563)

Unamortized debt issuance costs

(2,678)

(4,207)

Total senior notes and credit facilities, net of discounts, premiums and unamortized debt issuance costs

896,218

1,051,491

Senior Secured Notes [Member]

Debt Instrument [Line Items]

Senior debt

655,000

768,502

Unsecured Senior Notes [Member]

Debt Instrument [Line Items]

Senior debt

51,556

180,710

Senior Unsecured Term Loan Credit Facility Due 2027 [Member]

Debt Instrument [Line Items]

Senior debt

^[2]

0

39,551

Senior Secured Revolving Credit Facility [Member]

Debt Instrument [Line Items]

Senior debt

^[3]

0

0

The 10.0% Senior Secured 1.75 Lien Notes due 2025 [Member] | Senior Secured Notes [Member]

Debt Instrument [Line Items]

Senior debt

^[4]

0

113,502

The 8.0% Senior Secured 1.125 Lien Notes Due 2028 [Member] | Senior Secured Notes [Member]

Debt Instrument [Line Items]

Senior debt

225,000

225,000

The 11.75% Senior Secured 1.25 Lien Notes Due 2029 [Member] | Senior Secured Notes [Member]

Debt Instrument [Line Items]

Senior debt

430,000

430,000

The 13.5% Senior Notes Due 2026 [Member] | Unsecured Senior Notes [Member]

Debt Instrument [Line Items]

Senior debt

^[2]

26,588

90,590

The 5.0% Senior Notes due 2040 [Member] | Unsecured Senior Notes [Member]

Debt Instrument [Line Items]

Senior debt

^[2]

24,968

90,120

The 10.0% Senior Secured 1.75 Lien Term Loans Due 2028 [Member] | Senior Secured Term Loan [Member]

Debt Instrument [Line Items]

Senior debt

^[2]

$ 175,000

$ 81,498

[1]	Does not include our $125.0 million Senior Secured Revolving Credit Facility under which there were no borrowings outstanding as of October 31, 2024.
[2]	On May 21, 2024, K. Hovnanian exchanged $64.0 million aggregate principal amount of 13.5% Senior Notes due February 1, 2026 and cash, $65.2 million aggregate principal amount of 5.0% Senior Notes due February 1, 2040 and all of its $39.6 million aggregate principal amount of loans under the Senior Unsecured Term Loan Credit Facility due February 1, 2027 and cash for an additional $93.5 million aggregate principal amount of loans under the Senior Secured 1.75 Lien Term Loan Credit Facility due January 31, 2028.
[3]	At October 31, 2024, provides for up to $125.0 million in aggregate amount of senior secured first lien revolving loans. The revolving loans thereunder have a maturity of June 30, 2026 and borrowings bear interest, at K. Hovnanian’s option, at either (i) a term SOFR (subject to a floor of 3.00%) plus an applicable margin of 4.50% or (ii) an alternate base rate (subject to a floor of 4.00%) plus an applicable margin of 3.50%. In addition, K. Hovnanian will pay an unused commitment fee on the undrawn revolving commitments at a rate of 1.00% per annum.
[4]	On November 15, 2023, K. Hovnanian redeemed all of its $113.5 million aggregate principal amount of 10.0% Senior Secured 1.75 Lien Notes due November 15, 2025.

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