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

9 Months Ended

Jul. 31, 2025

Investments in Unconsolidated Homebuilding and Land Development Joint Ventures

Equity Method Investments [Table Text Block]

		July 31, 2025
						Land
(In thousands)		Homebuilding				Development				Total
Assets:
Cash and cash equivalents		$	127,319			$	-			$	127,319
Inventories			569,264				-				569,264
Other assets			187,959				-				187,959
Total assets		$	884,542			$	-			$	884,542
Liabilities and equity:
Accounts payable and accrued liabilities		$	391,659			$	-			$	391,659
Notes payable			124,621				-				124,621
Total liabilities			516,280				-				516,280
Equity of:
Hovnanian Enterprises, Inc.			216,432				-				216,432
Others			151,830				-				151,830
Total equity			368,262				-				368,262
Total liabilities and equity		$	884,542			$	-			$	884,542
Debt to capitalization ratio			25	%			0	%			25	%

		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 July 31, 2025
						Land
(In thousands)		Homebuilding				Development				Total
Revenues		$	166,887			$	-			$	166,887
Cost of sales and expenses			(152,679	)			-				(152,679	)
Joint venture net income		$	14,208			$	-			$	14,208
Our share of net income		$	15,511			$	-			$	15,511

		Three Months Ended July 31, 2024
						Land
(In thousands)		Homebuilding				Development				Total
Revenues		$	155,930			$	-			$	155,930
Cost of sales and expenses			(134,612	)			414				(134,198	)
Joint venture net income		$	21,318			$	414			$	21,732
Our share of net income		$	10,698			$	-			$	10,698

		Nine Months Ended July 31, 2025
						Land
(In thousands)		Homebuilding				Development				Total
Revenues		$	446,939			$	-			$	446,939
Cost of sales and expenses			(406,894	)			-				(406,894	)
Joint venture net income		$	40,045			$	-			$	40,045
Our share of net income		$	33,759			$	-			$	33,759

		Nine Months Ended July 31, 2024
						Land
(In thousands)		Homebuilding				Development				Total
Revenues		$	406,399			$	-			$	406,399
Cost of sales and expenses			(354,388	)			414				(353,974	)
Joint venture net income		$	52,011			$	414			$	52,425
Our share of net income		$	36,814			$	-			$	36,814

X

- References

No definition available.

+ Details

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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

+ Details

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