Note 1 - Basis of Presentation |
12 Months Ended |
|---|---|
Oct. 31, 2025 | |
| Basis of Presentation | |
| Basis of Presentation |
1. Basis of Presentation
The accompanying Consolidated Financial Statements have been prepared in accordance with generally accepted accounting principles in the United States of America (“U.S. GAAP”) and include Hovnanian Enterprises, Inc.’s (“HEI”) accounts and those of all its consolidated subsidiaries, after elimination of all intercompany balances and transactions. HEI’s fiscal year ends on October 31. Noncontrolling interest represents the proportionate equity interest in a consolidated joint venture that is not 100% owned by HEI, directly or indirectly; we sold our membershipinterest in such joint venture during the first quarter of fiscal 2024. |