v3.25.4

Note 20 - Investments in Unconsolidated Homebuilding and Land Development Joint Ventures (Tables)

12 Months Ended

Oct. 31, 2025

Investments in Unconsolidated Homebuilding and Land Development Joint Ventures

Equity Method Investments [Table Text Block]

		October 31, 2025
						Land
(In thousands)		Homebuilding				Development				Total
Assets:
Cash and cash equivalents		$	104,066			$	-			$	104,066
Inventories			487,965				-				487,965
Other assets			128,385				-				128,385
Total assets		$	720,416			$	-			$	720,416
Liabilities and equity:
Accounts payable and accrued liabilities		$	305,153			$	-			$	305,153
Notes payable			121,948				-				121,948
Total liabilities			427,101				-				427,101
Equity of:
Hovnanian Enterprises, Inc.			160,903				-				160,903
Others			132,412				-				132,412
Total equity			293,315				-				293,315
Total liabilities and equity		$	720,416			$	-			$	720,416
Debt to capitalization ratio			29	%			0	%			29	%

		October 31, 2024
						Land
(In thousands)		Homebuilding				Development				Total
Assets:
Cash and cash equivalents		$	130,532			$	-			$	130,532
Inventories			402,628				-				402,628
Other assets			311,955				-				311,955
Total assets		$	845,115			$	-			$	845,115
Liabilities and equity:
Accounts payable and accrued liabilities		$	469,320			$	-			$	469,320
Notes payable			88,653				-				88,653
Total liabilities			557,973				-				557,973
Equity of:
Hovnanian Enterprises, Inc.			140,540				-				140,540
Others			146,602				-				146,602
Total equity			287,142				-				287,142
Total liabilities and equity		$	845,115			$	-			$	845,115
Debt to capitalization ratio			24	%			0	%			24	%

		For The Year Ended October 31, 2025
						Land
(In thousands)		Homebuilding				Development				Total
Revenues		$	629,889			$	-			$	629,889
Cost of sales and expenses			(575,888	)			-				(575,888	)
Joint venture net income		$	54,001			$	-			$	54,001
Our share of net income		$	46,437			$	-			$	46,437

		For The Year Ended October 31, 2024
						Land
(In thousands)		Homebuilding				Development				Total
Revenues		$	552,727			$	-			$	552,727
Cost of sales and expenses			(484,967	)			445				(484,522	)
Joint venture net income		$	67,760			$	445			$	68,205
Our share of net income		$	52,142			$	121			$	52,263

		For The Year Ended October 31, 2023
						Land
(In thousands)		Homebuilding				Development				Total
Revenues		$	783,298			$	-			$	783,298
Cost of sales and expenses			(654,217	)			-				(654,217	)
Joint venture net income		$	129,081			$	-			$	129,081
Our share of net income		$	43,160			$	-			$	43,160

X

- References

No definition available.

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X

- 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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