Note 17 - Investments in Unconsolidated Homebuilding and Land Development Joint Ventures (Tables)

9 Months Ended

Jul. 31, 2019

Notes Tables

Equity Method Investments [Table Text Block]

(Dollars in thousands)	July 31, 2019
	Homebuilding		Land Development		Total
Assets:
Cash and cash equivalents	$93,959		$2,139		$96,098
Inventories	450,628		8,791		459,419
Other assets	25,711		-		25,711
Total assets	$570,298		$10,930		$581,228
Liabilities and equity:
Accounts payable and accrued liabilities	$79,941		$862		$80,803
Notes payable	209,653		-		209,653
Total liabilities	289,594		862		290,456
Equity of:
Hovnanian Enterprises, Inc.	125,346		4,876		130,222
Others	155,358		5,192		160,550
Total equity	280,704		10,068		290,772
Total liabilities and equity	$570,298		$10,930		$581,228
Debt to capitalization ratio	43	%	0	%	42	%

(Dollars in thousands)	October 31, 2018
	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	%

	For the Three Months Ended July 31, 2019
(In thousands)	Homebuilding		Land Development		Total
Revenues	$121,156		$1,383		$122,539
Cost of sales and expenses	(112,749	)	(846	)	(113,595	)
Joint venture net income	$8,407		$537		$8,944
Our share of net income	$3,578		$268		$3,846

	For the Three Months Ended July 31, 2018
(In thousands)	Homebuilding		Land Development		Total
Revenues	$194,539		$1,367		$195,906
Cost of sales and expenses	(173,073	)	(1,057	)	(174,130	)
Joint venture net income	$21,466		$310		$21,776
Our share of net income	$10,705		$155		$10,860

	For the Nine Months Ended July 31, 2019
(In thousands)	Homebuilding		Land Development		Total
Revenues	$342,669		$4,979		$347,648
Cost of sales and expenses	(320,080	)	(3,963	)	(324,043	)
Joint venture net income	$22,589		$1,016		$23,605
Our share of net income	$20,202		$508		$20,710

	For the Nine Months Ended July 31, 2018
(In thousands)	Homebuilding		Land Development		Total
Revenues	$350,035		$4,985		$355,020
Cost of sales and expenses	(347,439	)	(4,338	)	(351,777	)
Joint venture net income	$2,596		647		$3,243
Our share of net income	$6,802		$323		$7,125