XML 102 R86.htm IDEA: XBRL DOCUMENT v3.24.4
Note 20 - Investments in Unconsolidated Homebuilding and Land Development Joint Ventures - Unconsolidated Homebuilding and Land Development Joint Ventures (Details) - USD ($)
$ in Thousands
12 Months Ended
Oct. 31, 2024
Oct. 31, 2023
Oct. 31, 2022
Oct. 31, 2021
Assets:        
Total assets $ 2,605,574 $ 2,492,940    
Liabilities and equity:        
Total liabilities 1,805,225 1,911,151    
Equity of :        
Hovnanian Enterprises, Inc. 800,349 581,736    
Others 0 53    
Total equity 800,349 581,789 $ 383,051 $ 175,384
Total liabilities and equity 2,605,574 2,492,940    
Revenues 3,004,918 2,756,016 2,922,231  
Joint venture net income 242,008 205,891 225,490  
Our share of net income 52,262 43,160 29,033  
Corporate Joint Venture [Member]        
Assets:        
Cash and cash equivalents 130,532 128,369    
Inventories 402,628 375,022    
Other assets 311,955 380,989    
Total assets 845,115 884,380    
Liabilities and equity:        
Accounts payable and accrued liabilities 469,320 525,191    
Notes payable 88,653 101,126    
Total liabilities 557,973 626,317    
Equity of :        
Hovnanian Enterprises, Inc. 140,540 96,491    
Others 146,602 161,572    
Total equity 287,142 258,063    
Total liabilities and equity $ 845,115 $ 884,380    
Debt to capitalization ratio 24.00% 28.00%    
Revenues $ 552,727 $ 783,298 351,880  
Cost of sales and expenses (484,522) (654,217) (318,825)  
Joint venture net income 68,205 129,081 33,055  
Our share of net income 52,263 43,160 29,033  
Homebuilding Joint Venture [Member] | Corporate Joint Venture [Member]        
Assets:        
Cash and cash equivalents 130,532 127,547    
Inventories 402,628 375,022    
Other assets 311,955 380,989    
Total assets 845,115 883,558    
Liabilities and equity:        
Accounts payable and accrued liabilities 469,320 524,586    
Notes payable 88,653 101,126    
Total liabilities 557,973 625,712    
Equity of :        
Hovnanian Enterprises, Inc. 140,540 96,281    
Others 146,602 161,565    
Total equity 287,142 257,846    
Total liabilities and equity $ 845,115 $ 883,558    
Debt to capitalization ratio 24.00% 28.00%    
Revenues $ 552,727 $ 783,298 351,767  
Cost of sales and expenses (484,967) (654,217) (318,788)  
Joint venture net income 67,760 129,081 32,979  
Our share of net income 52,142 43,160 29,002  
Land Development Joint Venture [Member] | Corporate Joint Venture [Member]        
Assets:        
Cash and cash equivalents 0 822    
Inventories 0 0    
Other assets 0 0    
Total assets 0 822    
Liabilities and equity:        
Accounts payable and accrued liabilities 0 605    
Notes payable 0 0    
Total liabilities 0 605    
Equity of :        
Hovnanian Enterprises, Inc. 0 210    
Others 0 7    
Total equity 0 217    
Total liabilities and equity $ 0 $ 822    
Debt to capitalization ratio 0.00% 0.00%    
Revenues $ 0 $ 0 113  
Cost of sales and expenses 445 0 (37)  
Joint venture net income 445 0 76  
Our share of net income $ 121 $ 0 $ 31