Note 19 (Tables)

9 Months Ended

Jul. 31, 2012

Schedule of Equity Method Investments [Table Text Block]

(Dollars in thousands)	July 31, 2012
	Homebuilding			Land Development			Total
Assets:
Cash and cash equivalents	$	21,853		$	114		$	21,967
Inventories		210,650			15,131			225,781
Other assets		13,840			10			13,850
Total assets	$	246,343		$	15,255		$	261,598
Liabilities and equity:
Accounts payable and accrued liabilities	$	25,239		$	10,820		$	36,059
Notes payable		108,425			21			108,446
Total liabilities		133,664			10,841			144,505
Equity of:
Hovnanian Enterprises, Inc.		45,550			1,006			46,556
Others		67,129			3,408			70,537
Total equity		112,679			4,414			117,093
Total liabilities and equity	$	246,343		$	15,255		$	261,598
Debt to capitalization ratio		49	%		0	%		48	%

(Dollars in thousands)	October 31, 2011
	Homebuilding		Land Development		Total
Assets:
Cash and cash equivalents	$	21,380	$	287	$	21,667
Inventories		310,743		14,786		325,529
Other assets		25,388		-		25,388
Total assets	$	357,511	$	15,073	$	372,584
Liabilities and equity:
Accounts payable and accrued liabilities	$	21,035	$	11,710	$	32,745
Notes payable		199,821		21		199,842
Total liabilities		220,856		11,731		232,587
Equity of:
Hovnanian Enterprises, Inc.		52,013		1,312		53,325
Others		84,642		2,030		86,672
Total equity		136,655		3,342		139,997
Total liabilities and equity	$	357,511	$	15,073	$	372,584
Debt to capitalization ratio		59%		1%		59%

	For the Three Months Ended July 31, 2012
(In thousands)	Homebuilding			Land Development			Total
Revenues	$	89,749		$	3,755		$	93,504
Cost of sales and expenses		(84,615	)		(3,246	)		(87,861	)
Joint venture net income	$	5,134		$	509		$	5,643
Our share of net income	$	823		$	255		$	1,078

	For the Three Months Ended July 31, 2011
(In thousands)	Homebuilding			Land Development			Total
Revenues	$	57,781		$	3,249		$	61,030
Cost of sales and expenses		(58,629	)		(3,076	)		(61,705	)
Joint venture net (loss) income	$	(848	)	$	173		$	(675	)
Our share of net (loss) income	$	(2,246	)	$	139		$	(2,107	)

	For the Nine Months Ended July 31, 2012
(In thousands)	Homebuilding			Land Development			Total
Revenues	$	220,880		$	9,838		$	230,718
Cost of sales and expenses		(210,904	)		(7,830	)		(218,734	)
Joint venture net income	$	9,976		$	2,008		$	11,984
Our share of net income	$	1,803		$	1,003		$	2,806

	For the Nine Months Ended July 31, 2011
(In thousands)	Homebuilding			Land Development			Total
Revenues	$	110,302		$	9,888		$	120,190
Cost of sales and expenses		(119,057	)		(9,215	)		(128,272	)
Joint venture net (loss) income	$	(8,755	)	$	673		$	(8,082	)
Our share of net (loss) income	$	(6,175	)	$	419		$	(5,756	)