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Fair Value Disclosures (Tables)
6 Months Ended
Apr. 30, 2025
Fair Value Disclosures [Abstract]  
Schedule of Assets and (Liabilities), Measured at Fair Value on a Recurring Basis
The table below provides, as of the dates indicated, a summary of assets/(liabilities) related to our financial instruments, measured at fair value on a recurring basis (amounts in thousands):
  Fair value
Financial InstrumentFair value
hierarchy
April 30, 2025October 31, 2024
Mortgage Loans Held for SaleLevel 2$195,651 $191,242 
Forward Loan Commitments — Mortgage Loans Held for SaleLevel 2$(552)$2,152 
Interest Rate Lock Commitments (“IRLCs”)Level 2$963 $(962)
Forward Loan Commitments — IRLCsLevel 2$(963)$962 
Interest Rate Swap ContractsLevel 2$7,630 $15,283 
Schedule of Aggregate Unpaid Principal and Fair Value of Mortgage Loans Held for Sale
The table below provides, as of the dates indicated, the aggregate unpaid principal and fair value of mortgage loans held for sale (amounts in thousands):
Aggregate unpaid
principal balance
Fair valueFair value
greater (less) than principal balance
At April 30, 2025$195,204 $195,651 $447 
At October 31, 2024$193,333 $191,242 $(2,091)
Schedule of Book Value and Estimated Fair Value of the Company's Debt
The table below provides, as of the dates indicated, the book value, excluding any bond discounts, premiums, and deferred issuance costs, and estimated fair value of our debt (amounts in thousands):
 April 30, 2025October 31, 2024
 Fair value
hierarchy
Book valueEstimated
fair value
Book valueEstimated
fair value
Loans payable (1)
Level 2$1,056,175 $1,042,184 $1,087,969 $1,069,577 
Senior notes (2)
Level 11,600,000 1,580,310 1,600,000 1,572,580 
Mortgage company loan facility (3)
Level 2150,000 150,000 150,000 150,000 
$2,806,175 $2,772,494 $2,837,969 $2,792,157 
(1)    The estimated fair value of loans payable was based upon contractual cash flows discounted at interest rates that we believed were available to us for loans with similar terms and remaining maturities as of the applicable valuation date.
(2)    The estimated fair value of our senior notes is based upon their market prices as of the applicable valuation date.
(3)    We believe that the carrying value of our mortgage company loan borrowings approximates their fair value.