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

3 Months Ended

Jan. 31, 2024

Investments in Unconsolidated Homebuilding and Land Development Joint Ventures

Equity Method Investments [Table Text Block]

		January 31, 2024
						Land
(In thousands)		Homebuilding				Development				Total
Assets:
Cash and cash equivalents		$	116,347			$	768			$	117,115
Inventories			372,833				-				372,833
Other assets			380,995				-				380,995
Total assets		$	870,175			$	768			$	870,943
Liabilities and equity:
Accounts payable and accrued liabilities		$	509,879			$	551			$	510,430
Notes payable			107,782				-				107,782
Total liabilities			617,661				551				618,212
Equity of:
Hovnanian Enterprises, Inc.			109,210				210				109,420
Others			143,304				7				143,311
Total equity			252,514				217				252,731
Total liabilities and equity		$	870,175			$	768			$	870,943
Debt to capitalization ratio			30	%			0	%			30	%

		October 31, 2023
						Land
(In thousands)		Homebuilding				Development				Total
Assets:
Cash and cash equivalents		$	127,547			$	822			$	128,369
Inventories			375,022				-				375,022
Other assets			380,989				-				380,989
Total assets		$	883,558			$	822			$	884,380
Liabilities and equity:
Accounts payable and accrued liabilities		$	524,586			$	605			$	525,191
Notes payable			101,126				-				101,126
Total liabilities			625,712				605				626,317
Equity of:
Hovnanian Enterprises, Inc.			96,281				210				96,491
Others			161,565				7				161,572
Total equity			257,846				217				258,063
Total liabilities and equity		$	883,558			$	822			$	884,380
Debt to capitalization ratio			28	%			0	%			28	%

		Three Months Ended January 31, 2024
						Land
(In thousands)		Homebuilding				Development				Total
Revenues		$	126,425			$	-			$	126,425
Cost of sales and expenses			(108,659	)			-				(108,659	)
Joint venture net income		$	17,766			$	-			$	17,766
Our share of net income		$	14,952			$	-			$	14,952

		Three Months Ended January 31, 2023
						Land
(In thousands)		Homebuilding				Development				Total
Revenues		$	79,601			$	-			$	79,601
Cost of sales and expenses			(76,885	)			-				(76,885	)
Joint venture net income		$	2,716			$	-			$	2,716
Our share of net income		$	7,160			$	-			$	7,160

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- References

No definition available.

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- 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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