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

9 Months Ended

Jul. 31, 2015

Equity Method Investments and Joint Ventures [Abstract]

Equity Method Investments [Table Text Block]

(Dollars in thousands)	July 31, 2015
	Homebuilding			Land Development			Total
Assets:
Cash and cash equivalents		$20,420			$739			$21,159
Inventories		322,448			13,543			335,991
Other assets		9,388			-			9,388
Total assets		$352,256			$14,282			$366,538
Liabilities and equity:
Accounts payable and accrued liabilities		$28,601			$604			$29,205
Notes payable		101,522			4,593			106,115
Total liabilities		130,123			5,197			135,320
Equity of:
Hovnanian Enterprises, Inc.		63,497			2,943			66,440
Others		158,636			6,142			164,778
Total equity		222,133			9,085			231,218
Total liabilities and equity		$352,256			$14,282			$366,538
Debt to capitalization ratio		31	%		34	%		31	%

(Dollars in thousands)	October 31, 2014
	Homebuilding			Land Development			Total
Assets:
Cash and cash equivalents		$22,415			$205			$22,620
Inventories		208,620			16,194			224,814
Other assets		11,986			-			11,986
Total assets		$243,021			$16,399			$259,420
Liabilities and equity:
Accounts payable and accrued liabilities		$27,175			$1,039			$28,214
Notes payable		45,506			5,650			51,156
Total liabilities		72,681			6,689			79,370
Equity of:
Hovnanian Enterprises, Inc.		59,106			2,990			62,096
Others		111,234			6,720			117,954
Total equity		170,340			9,710			180,050
Total liabilities and equity		$243,021			$16,399			$259,420
Debt to capitalization ratio		21	%		37	%		22	%

	For the Three Months Ended July 31, 2015
(In thousands)	Homebuilding			Land Development			Total
Revenues		$27,459			$1,394			$28,853
Cost of sales and expenses		(29,705	)		(1,296	)		(31,001	)
Joint venture net (loss) income		$(2,246	)		$98			$(2,148	)
Our share of net (loss) income		$(488	)		$49			$(439	)

	For the Three Months Ended July 31, 2014
(In thousands)	Homebuilding			Land Development			Total
Revenues		$29,283			$612			$29,895
Cost of sales and expenses		(27,631	)		(534	)		(28,165	)
Joint venture net income		$1,652			$78			$1,730
Our share of net income		$201			$39			$240

	For the Nine Months Ended July 31, 2015
(In thousands)	Homebuilding			Land Development			Total
Revenues		$91,300			$4,009			$95,309
Cost of sales and expenses		(53,821	)		(4,103	)		(57,924	)
Joint venture net income (loss)		$37,479			$(94	)		$37,385
Our share of net income (loss)		$728			$(47	)		$681

	For the Nine Months Ended July 31, 2014
(In thousands)	Homebuilding			Land Development			Total
Revenues		$114,304			$5,881			$120,185
Cost of sales and expenses		(105,409	)		(5,619	)		(111,028	)
Joint venture net income		$8,895			$262			$9,157
Our share of net income		$3,780			$131			$3,911