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

9 Months Ended

Jul. 31, 2018

Notes Tables

Equity Method Investments [Table Text Block]

(Dollars in thousands)	July 31, 2018
	Homebuilding		Land Development		Total
Assets:
Cash and cash equivalents	$29,512		$2,619		$32,131
Inventories	621,322		7,105		628,427
Other assets	33,734		-		33,734
Total assets	$684,568		$9,724		$694,292
Liabilities and equity:
Accounts payable and accrued liabilities	$86,935		$713		$87,648
Notes payable	333,692		-		333,692
Total liabilities	420,627		713		421,340
Equity of:
Hovnanian Enterprises, Inc.	96,869		4,069		100,938
Others	167,072		4,942		172,014
Total equity	263,941		9,011		272,952
Total liabilities and equity	$684,568		$9,724		$694,292
Debt to capitalization ratio	56	%	0	%	55	%

(Dollars in thousands)	October 31, 2017
	Homebuilding		Land Development		Total
Assets:
Cash and cash equivalents	$60,580		$194		$60,774
Inventories	666,017		9,162		675,179
Other assets	36,026		-		36,026
Total assets	$762,623		$9,356		$771,979
Liabilities and equity:
Accounts payable and accrued liabilities	$121,646		$429		$122,075
Notes payable	330,642		-		330,642
Total liabilities	452,288		429		452,717
Equity of:
Hovnanian Enterprises, Inc.	88,884		3,746		92,630
Others	221,451		5,181		226,632
Total equity	310,335		8,927		319,262
Total liabilities and equity	$762,623		$9,356		$771,979
Debt to capitalization ratio	52	%	0	%	51	%

	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 Three Months Ended July 31, 2017
(In thousands)	Homebuilding		Land Development		Total
Revenues	$62,610		$1,789		$64,399
Cost of sales and expenses	(70,411	)	(1,873	)	(72,284	)
Joint venture net (loss)	$(7,801	)	$(84	)	$(7,885	)
Our share of net (loss)	$(3,966	)	$(42	)	$(4,008	)

	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

	For the Nine Months Ended July 31, 2017
(In thousands)	Homebuilding		Land Development		Total
Revenues	$214,103		$4,649		$218,752
Cost of sales and expenses	(225,594	)	(4,696	)	(230,290	)
Joint venture net (loss)	$(11,491	)	$(47	)	$(11,538	)
Our share of net (loss)	$(10,230	)	$(24	)	$(10,254	)