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

6 Months Ended

Apr. 30, 2014

Equity Method Investments and Joint Ventures [Abstract]

Equity Method Investments [Table Text Block]

(Dollars in thousands)	April 30, 2014
	Homebuilding		Land Development		Total
Assets:
Cash and cash equivalents	$23,812		$377		$24,189
Inventories	109,491		9,670		119,161
Other assets	5,697		-		5,697
Total assets	$139,000		$10,047		$149,047
Liabilities and equity:
Accounts payable and accrued liabilities	$30,890		$2,837		$33,727
Notes payable	18,370		-		18,370
Total liabilities	49,260		2,837		52,097
Equity of:
Hovnanian Enterprises, Inc.	39,302		2,795		42,097
Others	50,438		4,415		54,853
Total equity	89,740		7,210		96,950
Total liabilities and equity	$139,000		$10,047		$149,047
Debt to capitalization ratio	17	%	0	%	16	%

(Dollars in thousands)	October 31, 2013
	Homebuilding			Land Development			Total
Assets:
Cash and cash equivalents		$30,102			$639			$30,741
Inventories		101,735			11,080			112,815
Other assets		6,868			-			6,868
Total assets		$138,705			$11,719			$150,424
Liabilities and equity:
Accounts payable and accrued liabilities		$28,016			$4,047			$32,063
Notes payable		23,904			-			23,904
Total liabilities		51,920			4,047			55,967
Equity of:
Hovnanian Enterprises, Inc.		44,141			2,703			46,844
Others		42,644			4,969			47,613
Total equity		86,785			7,672			94,457
Total liabilities and equity		$138,705			$11,719			$150,424
Debt to capitalization ratio		22	%		0	%		20	%

	For the Three Months Ended April 30, 2014
(In thousands)	Homebuilding		Land Development		Total
Revenues	$33,746		$3,355		$37,101
Cost of sales and expenses	(31,644	)	(3,466	)	(35,110	)
Joint venture net income (loss)	$2,102		$(111	)	$1,991
Our share of net income (loss)	$1,030		$(55	)	$975

	For the Three Months Ended April 30, 2013
(In thousands)	Homebuilding		Land Development		Total
Revenues	$74,423		$1,661		$76,084
Cost of sales and expenses	(70,826	)	(1,506	)	(72,332	)
Joint venture net income	$3,597		$155		$3,752
Our share of net income	$807		$78		$885

	For the Six Months Ended April 30, 2014
(In thousands)	Homebuilding		Land Development		Total
Revenues	$85,019		$5,269		$90,288
Cost of sales and expenses	(77,725	)	(5,085	)	(82,810	)
Joint venture net income	$7,294		$184		$7,478
Our share of net income	$3,577		$92		$3,669

	For the Six Months Ended April 30, 2013
(In thousands)	Homebuilding		Land Development		Total
Revenues	$134,566		$9,475		$144,041
Cost of sales and expenses	(127,115	)	(4,455	)	(131,570	)
Joint venture net income	$7,451		$5,020		$12,471
Our share of net income	$716		$2,510		$3,226