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

6 Months Ended

Apr. 30, 2017

Notes Tables

Equity Method Investments [Table Text Block]

(Dollars in thousands)	April 30, 2017
	Homebuilding			Land Development			Total
Assets:
Cash and cash equivalents	$	44,927		$	162		$	45,089
Inventories		625,716			9,941			635,657
Other assets		28,847			-			28,847
Total assets	$	699,490		$	10,103		$	709,593
Liabilities and equity:
Accounts payable and accrued liabilities	$	97,887		$	473		$	98,360
Notes payable		289,791			1,490			291,281
Total liabilities		387,678			1,963			389,641
Equity of:
Hovnanian Enterprises, Inc.		89,904			3,238			93,142
Others		221,908			4,902			226,810
Total equity		311,812			8,140			319,952
Total liabilities and equity	$	699,490		$	10,103		$	709,593
Debt to capitalization ratio		48	%		15	%		48	%

(Dollars in thousands)	October 31, 2016
	Homebuilding			Land Development			Total
Assets:
Cash and cash equivalents	$	48,542		$	1,478		$	50,020
Inventories		516,947			11,010			527,957
Other assets		25,865			-			25,865
Total assets	$	591,354		$	12,488		$	603,842
Liabilities and equity:
Accounts payable and accrued liabilities	$	72,302		$	1,812		$	74,114
Notes payable		214,911			2,261			217,172
Total liabilities		287,213			4,073			291,286
Equity of:
Hovnanian Enterprises, Inc.		88,379			3,220			91,599
Others		215,762			5,195			220,957
Total equity		304,141			8,415			312,556
Total liabilities and equity	$	591,354		$	12,488		$	603,842
Debt to capitalization ratio		41	%		21	%		41	%

	For the Three Months Ended April 30, 2017
(In thousands)	Homebuilding			Land Development			Total
Revenues	$	86,556		$	1,658		$	88,214
Cost of sales and expenses		(87,957	)		(1,841	)		(89,798	)
Joint venture net loss	$	(1,401	)	$	(183	)	$	(1,584	)
Our share of net loss	$	(4,583	)	$	(92	)	$	(4,675	)

	For the Three Months Ended April 30, 2016
(In thousands)	Homebuilding			Land Development			Total
Revenues	$	25,760		$	521		$	26,281
Cost of sales and expenses		(31,480	)		(96	)		(31,576	)
Joint venture net (loss) income	$	(5,720	)	$	425		$	(5,295	)
Our share of net (loss) income	$	(1,353	)	$	213		$	(1,140	)

	For the Six Months Ended April 30, 2017
(In thousands)	Homebuilding			Land Development			Total
Revenues	$	151,493		$	2,860		$	154,353
Cost of sales and expenses		(155,183	)		(2,823	)		(158,006	)
Joint venture net (loss) income	$	(3,690	)	$	37		$	(3,653	)
Our share of net (loss) income	$	(6,264	)	$	18		$	(6,246	)

	For the Six Months Ended April 30, 2016
(In thousands)	Homebuilding			Land Development			Total
Revenues	$	46,026		$	1,617		$	47,643
Cost of sales and expenses		(55,659	)		(1,319	)		(56,978	)
Joint venture net (loss) income	$	(9,633	)	$	298		$	(9,335	)
Our share of net (loss) income	$	(2,849	)	$	149		$	(2,700	)