v3.25.4

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, 2025 | Oct. 31, 2024 | Oct. 31, 2023 | Oct. 31, 2022
Assets: |  |  |  |
Total assets | $ 2,633,913 | $ 2,605,574 |  |
Liabilities and equity: |  |  |  |
Total liabilities | 1,802,978 | 1,805,225 |  |
Equity of : |  |  |  |
Hovnanian Enterprises, Inc. | 830,935 | 800,349 |  |
Total equity | 830,935 | 800,349 | $ 581,789 | $ 383,051
Total liabilities and equity | 2,633,913 | 2,605,574 |  |
Revenues | 2,978,581 | 3,004,918 | 2,756,016 |
Joint venture net income | 63,865 | 242,008 | 205,891 |
Our share of net income | 46,437 | 52,262 | 43,160 |
Corporate Joint Venture [Member] |  |  |  |
Assets: |  |  |  |
Cash and cash equivalents | 104,066 | 130,532 |  |
Inventories | 487,965 | 402,628 |  |
Other assets | 128,385 | 311,955 |  |
Total assets | 720,416 | 845,115 |  |
Liabilities and equity: |  |  |  |
Accounts payable and accrued liabilities | 305,153 | 469,320 |  |
Notes payable | 121,948 | 88,653 |  |
Total liabilities | 427,101 | 557,973 |  |
Equity of : |  |  |  |
Hovnanian Enterprises, Inc. | 160,903 | 140,540 |  |
Others | 132,412 | 146,602 |  |
Total equity | 293,315 | 287,142 |  |
Total liabilities and equity | $ 720,416 | $ 845,115 |  |
Debt to capitalization ratio | 29.00% | 24.00% |  |
Revenues | $ 629,889 | $ 552,727 | 783,298 |
Cost of sales and expenses | (575,888) | (484,522) | (654,217) |
Joint venture net income | 54,001 | 68,205 | 129,081 |
Our share of net income | 46,437 | 52,263 | 43,160 |
Homebuilding Joint Venture [Member] | Corporate Joint Venture [Member] |  |  |  |
Assets: |  |  |  |
Cash and cash equivalents | 104,066 | 130,532 |  |
Inventories | 487,965 | 402,628 |  |
Other assets | 128,385 | 311,955 |  |
Total assets | 720,416 | 845,115 |  |
Liabilities and equity: |  |  |  |
Accounts payable and accrued liabilities | 305,153 | 469,320 |  |
Notes payable | 121,948 | 88,653 |  |
Total liabilities | 427,101 | 557,973 |  |
Equity of : |  |  |  |
Hovnanian Enterprises, Inc. | 160,903 | 140,540 |  |
Others | 132,412 | 146,602 |  |
Total equity | 293,315 | 287,142 |  |
Total liabilities and equity | $ 720,416 | $ 845,115 |  |
Debt to capitalization ratio | 29.00% | 24.00% |  |
Revenues | $ 629,889 | $ 552,727 | 783,298 |
Cost of sales and expenses | (575,888) | (484,967) | (654,217) |
Joint venture net income | 54,001 | 67,760 | 129,081 |
Our share of net income | 46,437 | 52,142 | 43,160 |
Land Development Joint Venture [Member] | Corporate Joint Venture [Member] |  |  |  |
Assets: |  |  |  |
Cash and cash equivalents | 0 | 0 |  |
Inventories | 0 | 0 |  |
Other assets | 0 | 0 |  |
Total assets | 0 | 0 |  |
Liabilities and equity: |  |  |  |
Accounts payable and accrued liabilities | 0 | 0 |  |
Notes payable | 0 | 0 |  |
Total liabilities | 0 | 0 |  |
Equity of : |  |  |  |
Hovnanian Enterprises, Inc. | 0 | 0 |  |
Others | 0 | 0 |  |
Total equity | 0 | 0 |  |
Total liabilities and equity | $ 0 | $ 0 |  |
Debt to capitalization ratio | 0.00% | 0.00% |  |
Revenues | $ 0 | $ 0 | 0 |
Cost of sales and expenses | 0 | 445 | 0 |
Joint venture net income | 0 | 445 | 0 |
Our share of net income | $ 0 | $ 121 | $ 0 |

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