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

3 Months Ended

Jan. 31, 2022

Notes Tables

Equity Method Investments [Table Text Block]

(Dollars in thousands)	January 31, 2022
				Land
	Homebuilding			Development			Total
Assets:
Cash and cash equivalents	$	153,943		$	1,668		$	155,611
Inventories		451,029			-			451,029
Other assets		34,942			-			34,942
Total assets	$	639,914		$	1,668		$	641,582
Liabilities and equity:
Accounts payable and accrued liabilities	$	438,290		$	1,290			439,580
Notes payable		60,306			-			60,306
Total liabilities		498,596			1,290			499,886
Equity of:
Hovnanian Enterprises, Inc.		64,162			298			64,460
Others		77,156			80			77,236
Total equity		141,318			378			141,696
Total liabilities and equity	$	639,914		$	1,668		$	641,582
Debt to capitalization ratio		30	%		0	%		30	%

(Dollars in thousands)	October 31, 2021
				Land
	Homebuilding			Development			Total
Assets:
Cash and cash equivalents	$	132,963		$	1,972		$	134,935
Inventories		442,347			-			442,347
Other assets		34,551			-			34,551
Total assets	$	609,861		$	1,972		$	611,833
Liabilities and equity:
Accounts payable and accrued liabilities	$	386,117		$	1,681		$	387,798
Notes payable		73,994			-			73,994
Total liabilities		460,111			1,681			461,792
Equity of:
Hovnanian Enterprises, Inc.		58,460			254			58,714
Others		91,290			37			91,327
Total equity		149,750			291			150,041
Total liabilities and equity	$	609,861		$	1,972		$	611,833
Debt to capitalization ratio		33	%		0	%		33	%

	Three Months Ended January 31, 2022
(In thousands)				Land
	Homebuilding			Development			Total
Revenues	$	69,591		$	113		$	69,704
Cost of sales and expenses		(65,582	)		(26	)		(65,608	)
Joint venture net income	$	4,009		$	87		$	4,096
Our share of net income	$	8,147		$	45		$	8,192

	Three Months Ended January 31, 2021
(In thousands)				Land
	Homebuilding			Development			Total
Revenues	$	71,464		$	263		$	71,727
Cost of sales and expenses		(71,273	)		(28	)		(71,301	)
Joint venture net income	$	191		$	235		$	426
Our share of net income	$	1,911		$	95		$	2,006