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

6 Months Ended

Apr. 30, 2024

Investments in Unconsolidated Homebuilding and Land Development Joint Ventures

Equity Method Investments [Table Text Block]

		April 30, 2024
						Land
(In thousands)		Homebuilding				Development				Total
Assets:
Cash and cash equivalents		$	136,247			$	662			$	136,909
Inventories			471,849				-				471,849
Other assets			383,937				-				383,937
Total assets		$	992,033			$	662			$	992,695
Liabilities and equity:
Accounts payable and accrued liabilities		$	541,790			$	445			$	542,235
Notes payable			144,877				-				144,877
Total liabilities			686,667				445				687,112
Equity of:
Hovnanian Enterprises, Inc.			148,251				210				148,461
Others			157,115				7				157,122
Total equity			305,366				217				305,583
Total liabilities and equity		$	992,033			$	662			$	992,695
Debt to capitalization ratio			32	%			0	%			32	%

		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 April 30, 2024
						Land
(In thousands)		Homebuilding				Development				Total
Revenues		$	124,044			$	-			$	124,044
Cost of sales and expenses			(111,117	)			-				(111,117	)
Joint venture net income		$	12,927			$	-			$	12,927
Our share of net income		$	11,164			$	-			$	11,164

		Three Months Ended April 30, 2023
						Land
(In thousands)		Homebuilding				Development				Total
Revenues		$	81,530			$	-			$	81,530
Cost of sales and expenses			(76,352	)			(3	)			(76,355	)
Joint venture net income (loss)		$	5,178			$	(3	)		$	5,175
Our share of net income		$	5,408			$	-			$	5,408

		Six Months Ended April 30, 2024
						Land
(In thousands)		Homebuilding				Development				Total
Revenues		$	250,469			$	-			$	250,469
Cost of sales and expenses			(219,776	)			-				(219,776	)
Joint venture net income		$	30,693			$	-			$	30,693
Our share of net income		$	26,116			$	-			$	26,116

		Six Months Ended April 30, 2023
						Land
(In thousands)		Homebuilding				Development				Total
Revenues		$	161,131			$	-			$	161,131
Cost of sales and expenses			(153,237	)			(3	)			(153,240	)
Joint venture net income (loss)		$	7,894			$	(3	)		$	7,891
Our share of net income		$	12,568			$	-			$	12,568

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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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