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

3 Months Ended

Jan. 31, 2025

Investments in Unconsolidated Homebuilding and Land Development Joint Ventures

Equity Method Investments [Table Text Block]

		January 31, 2025
						Land
(In thousands)		Homebuilding				Development				Total
Assets:
Cash and cash equivalents		$	125,534			$	-			$	125,534
Inventories			514,781				-				514,781
Other assets			255,556				-				255,556
Total assets		$	895,871			$	-			$	895,871
Liabilities and equity:
Accounts payable and accrued liabilities		$	443,890			$	-			$	443,890
Notes payable			125,883				-				125,883
Total liabilities			569,773				-				569,773
Equity of:
Hovnanian Enterprises, Inc.			171,867				-				171,867
Others			154,231				-				154,231
Total equity			326,098				-				326,098
Total liabilities and equity		$	895,871			$	-			$	895,871
Debt to capitalization ratio			28	%			0	%			28	%

		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	%

		Three Months Ended January 31, 2025
						Land
(In thousands)		Homebuilding				Development				Total
Revenues		$	133,913			$	-			$	133,913
Cost of sales and expenses			(120,258	)			-				(120,258	)
Joint venture net income		$	13,655			$	-			$	13,655
Our share of net income		$	9,205			$	-			$	9,205

		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

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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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