REAL ESTATE INVENTORY (Tables)

9 Months Ended

Jan. 31, 2026

REAL ESTATE INVENTORY

Schedule of real estate inventory

Real estate inventory consists of (in thousands):

	January 31,		April 30,
	2026		2025
Land inventory	$	54,871	$	50,030
Homebuilding model and completed inventory		8,682		13,090
Homebuilding construction in process		3,245		3,630
Total	$	66,798	$	66,750