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Investments in Unconsolidated Entities (Tables)
 6 Months Ended
Apr. 30, 2016
Investments in and Advances to Affiliates, Schedule of Investments [Abstract]  
Summary of Joint Venture Information [Table Text Block]
The table below provides information as of April 30, 2016, regarding active joint ventures that we are invested in, by joint venture category ($ amounts in thousands):
 
Land
Development
Joint Ventures
 
Home Building
Joint Ventures
 
Rental Property
Joint Ventures
 
Gibraltar
Joint Ventures
 
Total
Number of unconsolidated entities
7
 
3
 
10
 
4
 
24
Investment in unconsolidated entities
$
209,647

 
$
79,837

 
$
119,962

 
$
14,822

 
$
424,268

Number of unconsolidated entities with funding commitments by the Company
5
 
2
 
2
 
1

 
10
Company’s remaining funding commitment to unconsolidated entities (a)
$
250,792

 
$
17,194

 
$
11,169

 
$
10,000

 
$
289,155


(a)
The remaining funding commitment for our Land Development Joint Ventures includes $90.0 million, which one of the joint ventures expects to fund through outside financing.
Summary of Joint Ventures Borrowing information [Table Text Block]
Certain joint ventures in which we have investments obtained debt financing to finance a portion of their activities. The table below provides information at April 30, 2016, regarding the debt financing obtained by category ($ amounts in thousands):
 
Land
Development
Joint Ventures
 
Home Building
Joint Ventures
 
Rental Property
Joint Ventures
 
Total
Number of joint ventures with debt financing
4
 
2
 
9
 
15
Aggregate loan commitments
$
470,000

 
$
222,000

 
$
778,946

 
$
1,470,946

Amounts borrowed under loan commitments
$
399,515

 
$
144,752

 
$
606,169

 
$
1,150,436
Condensed balance sheet aggregated by type of business
Condensed Balance Sheets:
 
April 30,
2016
 
October 31,
2015
Cash and cash equivalents
$
77,489

 
$
95,263

Inventory
1,048,725

 
1,024,157

Non-performing loan portfolio
16,981

 
27,572

Rental properties
447,070

 
278,897

Rental properties under development
339,873

 
390,399

Real estate owned (“REO”)
111,440

 
117,758

Other assets
165,811

 
224,617

Total assets
$
2,207,389

 
$
2,158,663

Debt
$
1,156,735

 
$
1,127,121

Other liabilities
136,172

 
130,315

Members’ equity
829,264

 
806,327

Noncontrolling interest
85,218

 
94,900

Total liabilities and equity
$
2,207,389

 
$
2,158,663

Company’s net investment in unconsolidated entities (1)
$
424,268

 
$
412,860

 
(1)
Differences between our net investment in unconsolidated entities and our underlying equity in the net assets of the entities are primarily a result of the acquisition price of an investment in a Land Development Joint Venture in fiscal 2012 that was in excess of our pro rata share of the underlying equity; impairments related to our investment in unconsolidated entities; interest capitalized on our investments; the estimated fair value of the guarantees provided to the joint ventures; and distributions from entities in excess of the carrying amount of our net investment.
Condensed statements of operations aggregate by type of business
Condensed Statements of Operations and Comprehensive Income:
 
Six months ended April 30,
 
Three months ended April 30,
 
2016
 
2015
 
2016
 
2015
Revenues
$
166,018

 
$
86,306

 
$
123,531

 
$
40,237

Cost of revenues
102,492

 
63,549

 
66,979

 
27,662

Other expenses
18,375

 
12,699

 
9,065

 
6,175

Total expenses
120,867

 
76,248

 
76,044

 
33,837

Gain on disposition of loans and REO
34,689

 
23,586

 
8,706

 
15,955

Income from operations
79,840

 
33,644

 
56,193

 
22,355

Other income
2,351

 
1,707

 
1,346

 
1,047

Net income
82,191

 
35,351

 
57,539

 
23,402

Less: income attributable to noncontrolling interest
(15,023
)
 
(11,077
)
 
(3,413
)
 
(9,454
)
Net income attributable to controlling interest
67,168

 
24,274

 
54,126

 
13,948

Other comprehensive income (loss)
100

 
(45
)
 
13

 
(23
)
Total comprehensive income
$
67,268

 
$
24,229

 
$
54,139

 
$
13,925

Company’s equity in earnings of unconsolidated entities (2)
$
17,756

 
$
11,128

 
$
9,118

 
$
6,227

(2)
Differences between our equity in earnings of unconsolidated entities and the underlying net income of the entities are primarily a result of a basis difference of an acquired joint venture interest, distributions from entities in excess of the carrying amount of our net investment, recoveries of previously incurred charges, and our share of the entities’ profits related to home sites purchased by us, which reduces our cost basis of the home sites acquired.