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

12 Months Ended

Oct. 31, 2018

Notes Tables

Equity Method Investments [Table Text Block]

	October 31, 2018
(Dollars in thousands)	Homebuilding		Land Development		Total
Assets:
Cash and cash equivalents	$50,010		$2,275		$52,285
Inventories	506,650		8,004		514,654
Other assets	35,105		-		35,105
Total assets	$591,765		$10,279		$602,044
Liabilities and equity:
Accounts payable and accrued liabilities	$79,108		$746		$79,854
Notes payable	236,665		-		236,665
Total liabilities	315,773		746		316,519
Equity of:
Hovnanian Enterprises, Inc.	114,950		4,369		119,319
Others	161,042		5,164		166,206
Total equity	275,992		9,533		285,525
Total liabilities and equity	$591,765		$10,279		$602,044
Debt to capitalization ratio	46	%	0	%	45	%

	October 31, 2017
(Dollars in thousands)	Homebuilding		Land Development		Total
Assets:
Cash and cash equivalents	$60,580		$194		$60,774
Inventories	666,017		9,162		675,179
Other assets	36,026		-		36,026
Total assets	$762,623		$9,356		$771,979
Liabilities and equity:
Accounts payable and accrued liabilities	$121,646		$429		$122,075
Notes payable	330,642		-		330,642
Total liabilities	452,288		429		452,717
Equity of:
Hovnanian Enterprises, Inc.	88,884		3,746		92,630
Others	221,451		5,181		226,632
Total equity	310,335		8,927		319,262
Total liabilities and equity	$762,623		$9,356		$771,979
Debt to capitalization ratio	52	%	0	%	51	%

	For The Year Ended October 31, 2018
(Dollars in thousands)	Homebuilding		Land Development		Total
Revenues	$602,681		$6,418		$609,099
Cost of sales and expenses	(577,106	)	(5,173	)	(582,279	)
Joint venture net income	$25,575		$1,245		$26,820
Our share of net income	$23,904		$623		$24,527

	For The Year Ended October 31, 2017
(Dollars in thousands)	Homebuilding		Land Development		Total
Revenues	$312,164		$5,685		$317,849
Cost of sales and expenses	(324,514	)	(4,633	)	(329,147	)
Joint venture net (loss) income	$(12,350	)	$1,052		$(11,298	)
Our share of net (loss) income	$(7,189	)	$526		$(6,663	)

	For The Year Ended October 31, 2016
(Dollars in thousands)	Homebuilding		Land Development		Total
Revenues	$141,418		$6,299		$147,717
Cost of sales and expenses	(159,431	)	(6,103	)	(165,534	)
Joint venture net (loss) income	$(18,013	)	$196		$(17,817	)
Our share of net income	$(4,424	)	$98		$(4,326	)