Hovnanian Enterprises (HOV) 10-Q6 Mar 232023 Q1 Quarterly reportFinancial data

Company Profile

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
Document And Entity Information - shares	Jan. 31, 2023	Mar. 01, 2023
Document Information [Line Items]
Entity Central Index Key	0000357294
Entity Registrant Name	HOVNANIAN ENTERPRISES INC
Amendment Flag	false
Current Fiscal Year End Date	--10-31
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2023
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jan. 31, 2023
Document Transition Report	false
Entity File Number	1-8551
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	22-1851059
Entity Address, Address Line One	90 Matawan Road, 5th Floor
Entity Address, City or Town	Matawan
Entity Address, State or Province	NJ
Entity Address, Postal Zip Code	07747
City Area Code	732
Local Phone Number	747-7800
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		720,307
Preferred Stock Purchase Rights [Member]
Document Information [Line Items]
Title of 12(b) Security	Preferred Stock Purchase Rights(1)
Security Exchange Name	NYSE
No Trading Symbol Flag	true
Depository Shares [Member]
Document Information [Line Items]
Title of 12(b) Security	Depositary Shares each representing 1/1,000th of a share of 7.625% Series A Preferred Stock
Trading Symbol	HOVNP
Security Exchange Name	NASDAQ
Common Class A [Member]
Document Information [Line Items]
Title of 12(b) Security	Class A Common Stock, $0.01 par value per share
Trading Symbol	HOV
Security Exchange Name	NYSE

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Jan. 31, 2023	Oct. 31, 2022
ASSETS
Property and equipment, net	$ 28,089	$ 25,819
Assets	2,435,185	2,562,030
Assets	2,435,185	2,562,030
Deferred tax assets, net	347,369	344,793
LIABILITIES AND EQUITY
Senior notes and credit facilities (net of discounts, premiums and debt issuance costs)	1,145,261	1,146,547
Liabilities	2,039,388	2,178,979
Liabilities	2,039,388	2,178,979
Income taxes payable	4,991	3,167
Preferred stock, $0.01 par value - authorized 100,000 shares; issued and outstanding 5,600 shares with a liquidation preference of $140,000 at January 31, 2023 and October 31, 2022	135,299	135,299
Paid in capital - common stock	729,158	727,663
Accumulated deficit	(336,366)	(352,413)
Treasury stock - at cost – 901,379 shares of Class A common stock at January 31, 2023 and 782,901 shares at October 31, 2022; 27,669 shares of Class B common stock at January 31, 2023 and October 31, 2022	(132,382)	(127,582)
Total Hovnanian Enterprises, Inc. stockholders’ equity	395,778	383,036
Noncontrolling interest in consolidated joint ventures	19	15
Total equity	395,797	383,051
Total liabilities and equity	2,435,185	2,562,030
Common Class A [Member]
LIABILITIES AND EQUITY
Common Stock	62	62
Common Class B [Member]
LIABILITIES AND EQUITY
Common Stock	7	7
Homebuilding [Member]
ASSETS
Cash and cash equivalents	234,929	326,198
Restricted cash and cash equivalents	8,154	13,382
Sold and unsold homes and lots under development	1,066,455	1,058,183
Land and land options held for future development or sale	125,561	152,406
Consolidated inventory not owned	315,022	308,595
Total inventories	1,507,038	1,519,184
Investments in and advances to unconsolidated joint ventures	101,013	74,940
Receivables, deposits and notes, net	37,577	37,837
Prepaid expenses and other assets	58,260	63,884
Assets	1,975,060	2,061,244
Assets	1,975,060	2,061,244
LIABILITIES AND EQUITY
Accounts payable and other liabilities	331,314	439,952
Customers’ deposits	71,243	74,020
Liabilities from inventory not owned, net of debt issuance costs	209,579	202,492
Senior notes and credit facilities (net of discounts, premiums and debt issuance costs)	1,145,261	1,146,547
Accrued interest	52,036	32,415
Liabilities	1,943,319	2,040,231
Liabilities	1,943,319	2,040,231
Homebuilding [Member] \| Nonrecourse Mortgages Secured By Inventory [Member] \| Mortgages [Member]
LIABILITIES AND EQUITY
Secured Debt, Total	133,886	144,805
Financial Services [Member]
ASSETS
Cash and cash equivalents	4,682
Restricted cash and cash equivalents	31,516
Assets	112,756	155,993
Assets	112,756	155,993
LIABILITIES AND EQUITY
Liabilities	91,078	135,581
Liabilities	$ 91,078	$ 135,581

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($) $ in Millions	Jan. 31, 2023	Oct. 31, 2022
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	100,000	100,000
Preferred stock, shares issued (in shares)	5,600	5,600
Preferred stock, shares outstanding (in shares)	5,600	5,600
Preferred stock, liquidation preference	$ 140	$ 140
Common Class A [Member]
Common stock, shares authorized (in shares)	16,000,000
Common stock, shares issued (in shares)	6,178,146	6,159,886
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares held in Treasury (in shares)	901,379	782,901
Common Class B [Member]
Common stock, shares authorized (in shares)	2,400,000	2,400,000
Common stock, shares issued (in shares)	747,994	733,374
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares held in Treasury (in shares)	27,669	27,669

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) shares in Thousands, $ in Thousands		3 Months Ended
		Jan. 31, 2023	Jan. 31, 2022
Revenues		$ 515,366	$ 565,313
Total expenses		504,479	538,103
Corporate general and administrative		25,490	29,435
Other interest expensed	[1],[2]	15,093	13,393
Other expenses, net		386	368
Income from unconsolidated joint ventures		7,160	8,191
Income before income taxes		18,047	35,401
Tax provision (benefit)		(669)	10,593
Net income		18,716	24,808
Less: preferred stock dividends		2,669	2,669
Net income available to common stockholders		$ 16,047	$ 22,139
Net income per common share (in dollars per share)		$ 2.37	$ 3.12
Weighted-average number of common shares outstanding basic (in shares)		6,186	6,389
Net income per common share (in dollars per share)		$ 2.26	$ 3.07
Weighted-average number of common shares outstanding (in shares)		6,468	6,501
State and Local Jurisdiction [Member]
Tax provision (benefit)		$ 2,211	$ 2,543
Domestic Tax Authority [Member]
Tax provision (benefit)		(2,880)	8,050
Homebuilding [Member]
Revenues		503,202	552,004
Cost of sales, excluding interest		391,040	427,917
Cost of sales interest		15,022	13,745
Inventory impairments and land option write-offs		477	99
Total cost of sales		406,539	441,761
Selling, general and administrative		47,918	42,746
Total expenses		454,457	484,507
Homebuilding [Member] \| Sale of Homes [Member]
Revenues		499,645	551,366
Homebuilding [Member] \| Land Sales and Other Revenues [Member]
Revenues		3,557	638
Financial Services [Member]
Revenues		12,164	13,309
Total expenses		$ 9,053	$ 10,400

[1]Cash paid for interest, net of capitalized interest, is the sum of other interest expensed, as defined above, and interest paid by our mortgage and finance subsidiaries adjusted for the change in accrued interest on notes payable, which is calculated as follows:[2]Other interest expensed includes interest that does not qualify for interest capitalization because our assets that qualify for interest capitalization (inventory under development) do not exceed our debt, which amounted to $6.6 million and $11.5 million for the three months ended January 31, 2023 and 2022, respectively. Other interest also includes interest on completed homes, land in planning and fully developed lots without homes under construction, which does not qualify for capitalization and therefore is expensed as incurred. This component of other interest was $8.5 million and $1.9 million for the three months ended January 31, 2023 and 2022, respectively.

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Changes in Equity (Unaudited) - USD ($) $ in Thousands	Common Stock Outstanding [Member] Common Class A [Member]	Common Stock Outstanding [Member] Common Class B [Member]	Preferred Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Treasury Stock [Member]	Noncontrolling Interest [Member]	Common Class A [Member]	Total
Balance (in shares) at Oct. 31, 2021	5,595,734	659,207	5,600
Balance at Oct. 31, 2021	$ 61	$ 7	$ 135,299	$ 722,118	$ (567,228)	$ (115,360)	$ 487		$ 175,384
Stock options, amortization and issuances (in shares)	804
Stock options, amortization and issuances				4					4
Preferred dividend declared ($476.56 per share)					(2,669)				(2,669)
Restricted stock amortization, issuances and forfeitures (in shares)	17,654	17,445
Restricted stock amortization, issuances and forfeitures				(552)					(552)
Changes in noncontrolling interest in consolidated joint ventures							(88)		(88)
Net income (loss)					24,808				24,808
Conversion of Class B to Class A common stock (in shares)	48	(48)
Conversion of Class B to Class A common stock									0
Balance (in shares) at Jan. 31, 2022	5,614,240	676,604	5,600
Balance at Jan. 31, 2022	$ 61	$ 7	$ 135,299	721,570	(545,089)	(115,360)	399		196,887
Balance (in shares) at Oct. 31, 2022	5,376,985	705,705	5,600
Balance at Oct. 31, 2022	$ 62	$ 7	$ 135,299	727,663	(352,413)	(127,582)	15		383,051
Stock options, amortization and issuances (in shares)	209
Stock options, amortization and issuances				8					8
Preferred dividend declared ($476.56 per share)					(2,669)				(2,669)
Restricted stock amortization, issuances and forfeitures (in shares)	18,051	14,620
Restricted stock amortization, issuances and forfeitures				1,487					1,487
Changes in noncontrolling interest in consolidated joint ventures							4		4
Share repurchases (in shares)	(118,478)							118,478
Share repurchases						(4,800)		$ (4,800)	(4,800)
Net income (loss)					18,716				18,716
Balance (in shares) at Jan. 31, 2023	5,276,767	720,325	5,600
Balance at Jan. 31, 2023	$ 62	$ 7	$ 135,299	$ 729,158	$ (336,366)	$ (132,382)	$ 19		$ 395,797

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Changes in Equity (Unaudited) (Parentheticals) - $ / shares	3 Months Ended
	Jan. 31, 2023	Jan. 31, 2022
Dividend per share (in dollars per share)	$ 476.56	$ 476.56

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Jan. 31, 2023	Jan. 31, 2022
Cash flows from operating activities:
Net income	$ 18,716	$ 24,808
Adjustments to reconcile net income to net cash used in operating activities:
Depreciation	1,410	1,175
Stock-based compensation	2,070	1,635
Amortization of debt discounts, premiums and deferred financing costs	330	(280)
Gain on sale of property and assets	(14)	(5)
Income from unconsolidated joint ventures	(7,160)	(8,191)
Distributions of earnings from unconsolidated joint ventures	692	2,100
Noncontrolling interest in consolidated joint ventures	0	62
Decrease (Increase) in assets:
Inventories	11,669	(159,227)
Receivables, deposits and notes	5,772	(2,139)
Origination of mortgage loans	(215,477)	(272,877)
Sale of mortgage loans	251,923	342,090
Deferred tax assets	(2,576)	9,465
(Decrease) increase in liabilities:
Accounts payable, accrued interest and other liabilities	(98,125)	(70,490)
Customers’ deposits	(2,777)	14,924
State income tax payable	1,824	1,122
Net cash used in operating activities	(31,246)	(115,729)
Cash flows from investing activities:
Proceeds from sale of property and assets	69	5
Purchase of property, equipment, and other fixed assets	(3,740)	(2,453)
Investment in and advances to unconsolidated joint ventures, net of reimbursements	(22,238)	(1,033)
Distributions of capital from unconsolidated joint ventures	2,633	554
Net cash used in investing activities	(23,276)	(2,927)
Cash flows from financing activities:
Proceeds from mortgages and notes	57,704	136,021
Payments related to mortgages and notes	(68,958)	(63,892)
Proceeds from model sale leaseback financing programs	1,310	8,737
Payments related to model sale leaseback financing programs	(3,303)	(3,553)
Proceeds from land bank financing programs	21,317	21,425
Payments related to land bank financing programs	(12,553)	(13,642)
Payments for partner distributions to consolidated joint venture	0	(150)
Preferred dividends paid	(2,669)	(2,669)
Repurchases of common stock	(4,800)	0
Deferred financing costs from land banking financing programs and note issuances	(464)	(1,848)
Net cash (used in) provided by financing activities	(48,387)	17,118
Net decrease in cash and cash equivalents, and restricted cash and cash equivalents	(102,909)	(101,538)
Cash and cash equivalents, and restricted cash and cash equivalents balance, beginning of period	382,190	311,396
Cash and cash equivalents, and restricted cash and cash equivalents balance, end of period	279,281	209,858
Supplemental disclosures of cash flows:
Interest, net of capitalized interest (see Note 3 to the Condensed Consolidated Financial Statements)	(3,904)	(5,254)
Income taxes	84	7
Cash and cash equivalents, and restricted cash and cash equivalents balance, end of period	279,281	209,858
Homebuilding [Member]
Adjustments to reconcile net income to net cash used in operating activities:
Inventory impairments and land option write-offs	477	99
Supplemental disclosures of cash flows:
Cash and cash equivalents	234,929	137,898
Restricted cash and cash equivalents	8,154	14,260
Financial Services [Member]
Cash flows from financing activities:
Net payments related to mortgage warehouse lines of credit	(35,971)	(63,311)
Supplemental disclosures of cash flows:
Cash and cash equivalents	4,682	6,846
Restricted cash and cash equivalents	$ 31,516	$ 50,854

Note 1 - Basis of Presentation

Note 1 - Basis of Presentation	3 Months Ended
Note 1 - Basis of Presentation	Jan. 31, 2023
Notes to Financial Statements
Basis of Presentation and Significant Accounting Policies [Text Block]	1. Basis of Presentation Hovnanian Enterprises, Inc. (“HEI”) conducts all of its homebuilding and financial services operations through its subsidiaries (references herein to the “Company,” “we,” “us” or “our” refer to HEI and its consolidated subsidiaries and should be understood to reflect the consolidated business of HEI’s subsidiaries). Historically, the Company had seven reportable segments consisting of six homebuilding segments (Northeast, Mid-Atlantic, Midwest, Southeast, Southwest and West) and its financial services segment. During the fourth 2022, 1 2 3 17 The accompanying unaudited Condensed Consolidated Financial Statements include HEI's accounts and those of all of its consolidated subsidiaries after elimination of all intercompany balances and transactions. Noncontrolling interest represents the proportionate equity interest in a consolidated joint venture that is not 100% The accompanying unaudited Condensed Consolidated Financial Statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial information and with the instructions to Form 10 10 X, not 10 October 31, 2022. not

Note 2 - Stock Compensation

Note 2 - Stock Compensation	3 Months Ended
Note 2 - Stock Compensation	Jan. 31, 2023
Notes to Financial Statements
Share-Based Payment Arrangement [Text Block]	2. Stock Compensation During the first 2023, “2023 2023 November 1, 2022 October 31, 2025. two For the three January 31, 2023 2022, post tax) three January 31, 2023 2022,

Note 3 - Interest

Note 3 - Interest	3 Months Ended
Note 3 - Interest	Jan. 31, 2023
Notes to Financial Statements
Home Building Interest [Text Block]	3. Interest Interest costs incurred, expensed and capitalized were as follows: Three Months Ended January 31, (In thousands) 2023 2022 Interest capitalized at beginning of period $ 59,600 $ 58,159 Plus interest incurred(1) 34,326 32,783 Less cost of sales interest expensed (15,022 ) (13,745 ) Less other interest expensed(2)(3) (15,093 ) (13,393 ) Less interest contributed to unconsolidated joint venture(4) (3,016 ) - Interest capitalized at end of period(5) $ 60,795 $ 63,804 ( 1 Data does not ( 2 Other interest expensed includes interest that does not not three January 31, 2023 2022 not three January 31, 2023 2022 ( 3 Cash paid for interest, net of capitalized interest, is the sum of other interest expensed, as defined above, and interest paid by our mortgage and finance subsidiaries adjusted for the change in accrued interest on notes payable, which is calculated as follows: Three Months Ended January 31, (In thousands) 2023 2022 Other interest expensed $ 15,093 $ 13,393 Interest paid by our mortgage and finance subsidiaries 624 468 Increase in accrued interest (19,621 ) (19,115 ) Cash paid for interest, net of capitalized interest $ (3,904 ) $ (5,254 ) ( 4 Represents capitalized interest which was included as part of the assets contributed to joint ventures, as discussed in Note 18. no ( 5 Capitalized interest amounts are shown gross before allocating any portion of impairments, if any, to capitalized interest.

Note 4 - Reduction of Inventory

Note 4 - Reduction of Inventory to Fair Value	3 Months Ended
Note 4 - Reduction of Inventory to Fair Value	Jan. 31, 2023
Notes to Financial Statements
Inventory Impairments and Land Option Cost Write-offs [Text Block]	4. Reduction of Inventory to Fair Value During the three January 31, 2023 2022 not three January 31, 2023 2022. We write off certain costs when communities are redesigned, abandoned or we do not three January 31, 2023 2022 three January 31, 2023 2022 We decide to mothball (or stop development on) certain communities when we determine that the current performance does not first 2023, not January 31, 2023 October 31, 2022 We sell and lease back certain of our model homes with the right to participate in the potential profit when each home is sold to a third January 31, 2023 October 31, 2022 not not We have land banking arrangements, whereby we sell our land parcels to the land bankers and they provide us an option to purchase back finished lots on a predetermined schedule. Because of our options to repurchase these parcels, these transactions are considered a financing rather than a sale. Our Condensed Consolidated Balance Sheets at January 31, 2023 October 31, 2022 not not

Note 5 - Variable Interest Enti

Note 5 - Variable Interest Entities	3 Months Ended
Note 5 - Variable Interest Entities	Jan. 31, 2023
Notes to Financial Statements
Variable Interest Entity Disclosure [Text Block]	5. Variable Interest Entities The Company enters into land and lot option purchase contracts to procure land or lots for the construction of homes. Under these contracts, we will fund a stated deposit in consideration for the right, but not not may We analyze our option purchase contracts to determine whether the corresponding land sellers are VIEs and, if so, whether the Company is the primary beneficiary. Although the Company does not not Including deposits on our unconsolidated VIEs, at January 31, 2023

Note 6 - Warranty Costs

Note 6 - Warranty Costs	3 Months Ended
Note 6 - Warranty Costs	Jan. 31, 2023
Notes to Financial Statements
Product Warranty Disclosure [Text Block]	6. Warranty Costs We have an owner-controlled insurance program for certain of our subcontractors whereby the subcontractors pay us an insurance premium (through a reduction of amounts we would otherwise owe such subcontractors for their work on our homes) based on the risk type of the trade. We absorb the liability associated with their work on our homes as part of our overall general liability insurance at no three January 31, 2023 2022 We accrue for warranty costs that are covered under our existing general liability and construction defect policy as part of our general liability insurance deductible. For homes to be delivered in fiscal 2023 2022, 2023 2022 2023 2022. not three January 31, 2023 2022 Three Months Ended January 31, (In thousands) 2023 2022 Balance, beginning of period $ 97,718 $ 94,916 Additions – Selling, general and administrative 1,577 2,216 Additions – Cost of sales 1,303 1,424 Charges incurred during the period (8,802 ) (4,154 ) Changes to pre-existing reserves (729 ) (1,049 ) Balance, end of period $ 91,067 $ 93,353 The majority of the charges incurred during the first 2023 two three January 31, 2023 2022

Note 7 - Commitments and Contin

Note 7 - Commitments and Contingent Liabilities	3 Months Ended
Note 7 - Commitments and Contingent Liabilities	Jan. 31, 2023
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	7. Commitments and Contingent Liabilities We are involved in litigation arising in the ordinary course of business, none We also are subject to a variety of local, state, federal and foreign laws and regulations concerning protection of health and the environment, including those regulating the emission or discharge of materials into the environment, the management of storm water runoff at construction sites, the handling, use, storage and disposal of hazardous substances, impacts to wetlands and other sensitive environments, and the remediation of contamination at properties that we have owned or developed or currently own or are developing (“environmental laws”). The particular environmental laws that apply to a site may may may may We anticipate that increasingly stringent requirements will continue to be imposed on developers and homebuilders in the future. In addition, some of these laws and regulations that significantly affect how certain properties may may may may may In 2015, not April 17, 2023; not In December 2020, 1998, No Not 1999. one 2009

Note 8 - Cash and Cash Equivale

Note 8 - Cash and Cash Equivalents, Restricted Cash and Customer's Deposits	3 Months Ended
	Jan. 31, 2023
Notes to Financial Statements
Cash and Cash Equivalents Disclosure [Text Block]	8. Cash Equivalents, Restricted Cash and Customer's Deposits Cash equivalents include certificates of deposit, U.S. Treasury bills and government money–market funds with maturities of 90 may, January 31, 2023 October 31, 2022 Homebuilding "Restricted cash and cash equivalents" on the Condensed Consolidated Balance Sheets totaled $8.2 million and $13.4 million as of January 31, 2023 October 31, 2022 12 Financial services restricted cash and cash equivalents, which are included in "Financial services" assets on the Condensed Consolidated Balance Sheets, totaled $31.5 million and $36.1 million as of January 31, 2023 October 31, 2022 1 January 31, 2023 October 31, 2022 2 January 31, 2023 October 31, 2022 Homebuilding "Customers deposits" are shown as a liability on the Condensed Consolidated Balance Sheets. These liabilities are significantly more than the applicable periods’ restricted cash balances because in some states the deposits are not

Note 9 - Leases

Note 9 - Leases	3 Months Ended
Note 9 - Leases	Jan. 31, 2023
Notes to Financial Statements
Lessee, Operating Leases [Text Block]	9. Leases We rent certain office space for use in our operations. Our lease population at January 31, 2023 Lease costs are included in our Condensed Consolidated Statements of Operations, primarily in "Selling, general and administrative" homebuilding expenses and payments on our lease liabilities are presented in the table below. Our short-term lease costs and sublease income are de minimis. Three Months Ended January 31, (In thousands) 2023 2022 Operating lease costs $ 2,859 $ 2,588 Cash payments on lease liabilities $ 2,386 $ 2,440 Operating right-of-use lease assets ("ROU assets") are classified within "Prepaid expenses and other assets" on our Condensed Consolidated Balance Sheets, while lease liabilities are classified within "Accounts payable and other liabilities". During the three January 31, 2023 (In thousands) January 31, 2023 October 31, 2022 ROU assets $ 17,650 $ 17,899 Lease liabilities $ 18,498 $ 18,862 Weighted-average remaining lease term (in years) 3.4 3.5 Weighted-average discount rate 9.5 % 9.5 % Maturities of our operating lease liabilities as of January 31, 2023 Fiscal Year Ended October 31, (In thousands) 2023 (excluding the three months ended January 31, 2023) $ 6,321 2024 5,779 2025 4,653 2026 3,111 2027 1,863 Total operating lease payments (1) 21,727 Less: imputed interest (3,229 ) Present value of operating lease liabilities $ 18,498 ( 1 not January 31, 2023 not January 31, 2023

Note 10 - Mortgage Loans Held f

Note 10 - Mortgage Loans Held for Sale	3 Months Ended
Note 10 - Mortgage Loans Held for Sale	Jan. 31, 2023
Notes to Financial Statements
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]	10. Mortgage Loans Held for Sale Our wholly owned mortgage banking subsidiary, K. Hovnanian American Mortgage, LLC (“K. Hovnanian Mortgage”), originates mortgage loans, primarily from the sale of our homes. Such mortgage loans are sold in the secondary mortgage market within a short period of time of origination. Mortgage loans held for sale are collateralized by the underlying property. Loans held for sale are recorded at fair value with the changes in the value recognized in the Condensed Consolidated Statements of Operations in “Financial services” revenue. We currently use forward sales of mortgage-backed securities (“MBS”), interest rate commitments from borrowers and forward commitments to sell loans to third At January 31, 2023 October 31, 2022 11 may not January 31, 2023 2022 not The activity in our loan origination reserves during the three January 31, 2023 2022 Three Months Ended January 31, (In thousands) 2023 2022 Loan origination reserves, beginning of period $ 1,795 $ 1,632 Provisions for losses during the period 32 41 Adjustments to pre-existing provisions for losses from changes in estimates - - Loan origination reserves, end of period $ 1,827 $ 1,673

Note 11 - Mortgages

Note 11 - Mortgages	3 Months Ended
Note 11 - Mortgages	Jan. 31, 2023
Notes to Financial Statements
Line of Credit [Text Block]	11. Mortgages Nonrecourse We have nonrecourse mortgage loans for certain communities totaling $133.9 million and $144.8 million, net of debt issuance costs, at January 31, 2023 October 31, 2022 January 31, 2023 October 31, 2022 Mortgage Loans K. Hovnanian Mortgage originates mortgage loans primarily from the sale of our homes. Such mortgage loans and related servicing rights are generally sold in the secondary mortgage market within a short period of time. K. Hovnanian Mortgage finances the origination of mortgage loans through various master repurchase agreements, which are recorded in "Financial services" liabilities on the Condensed Consolidated Balance Sheets. Our secured Master Repurchase Agreement with JPMorgan Chase Bank, N.A. (“Chase Master Repurchase Agreement”), which was amended on January 31, 2023 January 31, 2024, January 31, 2023 January 31, 2023 October 31, 2022 K. Hovnanian Mortgage has another secured Master Repurchase Agreement with Customers Bank (“Customers Master Repurchase Agreement”) which is a short-term borrowing facility that provides up to $50.0 million through its maturity on March 8, 2023, one January 31, 2023 October 31, 2022 K. Hovnanian Mortgage also has a secured Master Repurchase Agreement with Comerica Bank (“Comerica Master Repurchase Agreement”) which was amended on January 12, 2023 January 10, 2024, 15th 30 January 31, 2023 October 31, 2022 The Chase Master Repurchase Agreement, Customers Master Repurchase Agreement and Comerica Master Repurchase Agreement (together, the “Master Repurchase Agreements”) require K. Hovnanian Mortgage to satisfy and maintain specified financial ratios and other financial condition tests. Because of the extremely short period of time mortgages are held by K. Hovnanian Mortgage before the mortgages are sold to investors (generally a period of a few weeks), the immateriality to us on a consolidated basis of the size of the Master Repurchase Agreements, the levels required by these financial covenants, our ability based on our immediately available resources to contribute sufficient capital to cure any default, were such conditions to occur, and our right to cure any conditions of default based on the terms of the applicable agreement, we do not January 31, 2023

Note 12 - Senior Notes and Cred

Note 12 - Senior Notes and Credit Facilities	3 Months Ended
Note 12 - Senior Notes and Credit Facilities	Jan. 31, 2023
Notes to Financial Statements
Long-Term Debt [Text Block]	12. Senior Notes and Credit Facilities Senior notes and credit facilities balances as of January 31, 2023 October 31, 2022 January 31, October 31, (In thousands) 2023 2022 Senior Secured Notes: 10.0 November 15, 2025 $ 158,502 $ 158,502 7.75 February 15, 2026 250,000 250,000 10.5 February 15, 2026 282,322 282,322 11.25 February 15, 2026 162,269 162,269 Total Senior Secured Notes $ 853,093 $ 853,093 Senior Notes: 8.0 November 1, 2027 $ - $ - 13.5 February 1, 2026 90,590 90,590 5.0 February 1, 2040 90,120 90,120 Total Senior Notes $ 180,710 $ 180,710 Senior Unsecured Term Loan Credit Facility due February 1, 2027 $ 39,551 $ 39,551 Senior Secured 1.75 Lien Term Loan Credit Facility due January 31, 2028 $ 81,498 $ 81,498 Senior Secured Revolving Credit Facility (2) $ - $ - Subtotal senior notes and credit facilities $ 1,154,852 $ 1,154,852 Net (discounts) premiums $ 1,930 $ 4,079 Unamortized debt issuance costs $ (11,521 ) $ (12,384 ) Total senior notes and credit facilities, net of discounts, premiums and unamortized debt issuance costs $ 1,145,261 $ 1,146,547 ( 1 2027 "8.0% 2027 not ( 2 January 31, 2023 first fourth 2022, first 2023. June 30, 2024 s option, at either (i) a term secured overnight financing rate (subject to a floor of 1.00%) plus an applicable margin of 4.50% or (ii) an alternate base rate plus an applicable margin of 3.50%. In addition, K. Hovnanian will pay an unused commitment fee on the undrawn revolving commitments at a rate of 1.00% per annum General Except for K. Hovnanian, the issuer of the notes and borrower under the Credit Facilities (as defined below), our home mortgage subsidiaries, certain of our title insurance subsidiaries, joint ventures and subsidiaries holding interests in our joint ventures, we and each of our subsidiaries are guarantors of the Credit Facilities, the senior secured notes and senior notes outstanding at January 31, 2023 8.0% 2027 not The credit agreements governing the Credit Facilities and the indentures governing the senior secured and senior notes (together, the “Debt Instruments”) outstanding at January 31, 2023 not not January 31, 2023 If our consolidated fixed charge coverage ratio is less than 2.0 to 1.0, 1.0 October 31, 2021, 1.0 1.0, no first 2023 2022. 2023 not not no no Under the terms of our Debt Instruments, we have the right to make certain redemptions and prepayments and, depending on market conditions, our strategic priorities and covenant restrictions, may may Secured Obligations On October 31, 2019, fourth 2022, first 2023. June 30, 2024 The 7.75% 1.125 2026 "1.125 February 15, 2026 February 15 August 15 February 1 August 1, may may 1.125 February 15, 2022, February 15, 2023 February 15, 2024. The 10.5% 1.25 2026 "1.25 February 15, 2026 February 15 August 15 February 1 August 1, may may 1.25 February 15, 2022, February 15, 2023 February 15, 2024. The 10.0% 1.75 2025 "1.75 November 15, 2025 10.0% May 15 November 15 May 1 November 1, may November 15, 2023, may 1.75 November 15, 2023, may 1.75 The 11.25% 1.5 2026 "1.5 February 15, 2026 February 15 August 15 February 1 August 1, may 1.5 February 15, 2026 On December 10, 2019, 1.75 January 31, 2028 ( 10.0% January 31, 2028, November 15, 2023, may November 15, 2023, may Each series of secured notes and the guarantees thereof, the Secured Term Loans and the guarantees thereof and the Secured Credit Agreement and the guarantees thereof are secured by the same assets. Among the secured debt, the liens securing the Secured Credit Agreement are senior to the liens securing all of K. Hovnanian’s other secured notes and the Secured Term Loan. The liens securing the 1.125 1.25 1.5 1.75 1.125 1.25 1.5 1.75 1.25 1.5 1.75 1.5 1.75 1.75 As of January 31, 2023 1 2 not may 3 Unsecured Obligations The 13.5% Senior Notes due 2026 “13.5% 2026 13.5% February 1, 2026. 13.5% 2026 February 1 August 1 January 15 July 15, may 13.5% 2026 February 1, 2025 February 1, 2025, may 13.5% 2026 The 5.0% Senior Notes due 2040 “5.0% 2040 5.0% February 1, 2040. 5.0% 2040 February 1 August 1 January 15 July 15, may may 2040 The Unsecured Term Loans bear interest at a rate equal to 5.0% February 1, 2027. Other We have certain stand-alone cash collateralized letter of credit agreements and facilities under which there was a total of $5.7 million and $6.0 million letters of credit outstanding at January 31, 2023 October 31, 2022, January 31, 2023 October 31, 2022,

Note 13 - Per Share Calculation

Note 13 - Per Share Calculation	3 Months Ended
Note 13 - Per Share Calculation	Jan. 31, 2023
Notes to Financial Statements
Earnings Per Share [Text Block]	13. Per Share Calculation Basic and diluted earnings per share for the periods presented below were calculated as follows: Three Months Ended January 31, (In thousands, except per share data) 2023 2022 Numerator: Net income $ 18,716 $ 24,808 Less: preferred stock dividends (2,669 ) (2,669 ) Less: undistributed earnings allocated to participating securities (1,403 ) (2,189 ) Numerator for basic earnings per share $ 14,644 $ 19,950 Plus: undistributed earnings allocated to participating securities 1,403 2,189 Less: undistributed earnings reallocated to participating securities (1,403 ) (2,189 ) Numerator for diluted earnings per share $ 14,644 $ 19,950 Denominator: Denominator for basic earnings per share – weighted average shares outstanding 6,186 6,389 Effect of dilutive securities: Stock-based payments 282 112 Denominator for diluted earnings per share – weighted-average shares outstanding 6,468 6,501 Basic earnings per share $ 2.37 $ 3.12 Diluted earnings per share $ 2.26 $ 3.07 In addition, 80 thousand and 24 thousand shares related to out-of-the money stock options, which could potentially dilute basic earnings per share in the future, were not three January 31, 2023 2022,

Note 14 - Preferred Stock

Note 14 - Preferred Stock	3 Months Ended
Note 14 - Preferred Stock	Jan. 31, 2023
Notes to Financial Statements
Preferred Stock [Text Block]	14. Preferred Stock On July 12, 2005, not 7.625%. not 1/1000th three January 31, 2023 2022

Note 15 - Common Stock

Note 15 - Common Stock	3 Months Ended
Note 15 - Common Stock	Jan. 31, 2023
Notes to Financial Statements
Stockholders' Equity Note Disclosure [Text Block]	15. Common Stock Each share of Class A common stock entitles its holder to one ten one one On August 4, 2008, January 11, 2018 January 18, 2021, 382 382. 382 382. one August 15, 2008. August 15, 2008, August 4, 2008, may August 14, 2024, 382 5% On July 3, 2001, September 1, 2022, may may not During the three January 31, 2023 , January 31, 2023. no three January 31, 2022 . January 31, 2023,

Note 16 - Income Taxes

Note 16 - Income Taxes	3 Months Ended
Note 16 - Income Taxes	Jan. 31, 2023
Notes to Financial Statements
Income Tax Disclosure [Text Block]	16. Income Taxes The total income tax benefit for the three January 31, 2023 The total income tax expense for the three January 31, 2022 not Our federal net operating losses of $909.5 million expire between 2029 2038, 2023 2027; 2028 2032; 2033 2037; 2038 2042; The Company recognizes deferred income taxes for deferred tax benefits arising from NOL carryforwards and temporary differences between book and tax income which will be recognized in future years as an offset against future taxable income. A valuation allowance is provided to offset deferred tax assets ("DTAs") if, based upon the available evidence, it is more likely than not not not January 31, 2023 As of January 31, 2023 three January 31, 2023 not January 31, 2023

Note 17 - Operating and Reporti

Note 17 - Operating and Reporting Segments	3 Months Ended
Note 17 - Operating and Reporting Segments	Jan. 31, 2023
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	17. Operating and Reporting Segments We currently have homebuilding operations in 14 states that are aggregated into reportable segments based primarily upon geographic proximity. Historically, the Company had seven reportable segments consisting of six homebuilding segments (Northeast, Mid-Atlantic, Midwest, Southeast, Southwest and West) and its financial services segment. During the fourth 2022, 280, HEI’s reportable segments now consist of the following three homebuilding segments and a financial services segment. Homebuilding: ( 1 Northeast (Delaware, Illinois, Maryland, New Jersey, Ohio, Pennsylvania, Virginia and West Virginia) ( 2 Southeast (Florida, Georgia and South Carolina) ( 3 West (Arizona, California and Texas) All prior period amounts related to the segment change have been retrospectively reclassified throughout to conform to the new presentation. Operations of the homebuilding segments primarily include the sale and construction of single-family attached and detached homes, attached townhomes and condominiums, urban infill and active lifestyle homes in planned residential developments. In addition, from time to time, operations of the homebuilding segments include sales of land. Operations of the financial services segment include mortgage banking and title services provided to the homebuilding operations’ customers. Our financial services subsidiaries do not Evaluation of segment performance is based primarily on income (loss) before income taxes. Income (loss) before income taxes for the homebuilding segments consist of revenues generated from the sales of homes and land, income (loss) from unconsolidated entities, management fees and other income, less the cost of homes and land sold, selling, general and administrative expenses and interest expense. Income (loss) before income taxes for the financial services segment consist of revenues generated from mortgage financing, title insurance and closing services, less the cost of such services and corporate general and administrative expenses. Financial information relating to our reportable segments was as follows: Three Months Ended January 31, (In thousands) 2023 2022 Revenues: Northeast $ 211,462 $ 174,945 Southeast 73,794 55,582 West 215,734 321,470 Total homebuilding 500,990 551,997 Financial services 12,164 13,309 Corporate and unallocated 2,212 7 Total revenues $ 515,366 $ 565,313 Income before income taxes: Northeast $ 28,512 $ 19,838 Southeast 11,623 10,162 West 9,889 43,935 Total homebuilding 50,024 73,935 Financial services 3,111 2,909 Corporate and unallocated (1) (35,088 ) (41,443 ) Income before income taxes $ 18,047 $ 35,401 ( 1 Corporate and unallocated for the three January 31, 2023 three January 31, 2022 January 31, October 31, (In thousands) 2023 2022 Assets: Northeast $ 494,830 $ 530,884 Southeast 357,831 330,894 West 824,696 802,704 Total homebuilding 1,677,357 1,664,482 Financial services 112,756 155,993 Corporate and unallocated 645,072 741,555 Total assets $ 2,435,185 $ 2,562,030

Note 18 - Investments in Uncons

Note 18 - Investments in Unconsolidated Homebuilding and Land Development Joint Ventures	3 Months Ended
	Jan. 31, 2023
Notes to Financial Statements
Equity Method Investments and Joint Ventures Disclosure [Text Block]	18. Investments in Unconsolidated Homebuilding and Land Development Joint Ventures We enter into homebuilding and land development joint ventures from time to time as a means of accessing lot positions, expanding our market opportunities, establishing strategic alliances, managing our risk profile, leveraging our capital base and enhancing returns on capital. During the first 2023, four one The tables set forth below summarize the combined financial information related to our unconsolidated homebuilding and land development joint ventures that are accounted for under the equity method. (In thousands) January 31, 2023 Land Homebuilding Development Total Assets: Cash and cash equivalents $ 132,931 $ 859 $ 133,790 Inventories 501,596 - 501,596 Other assets 25,388 - 25,388 Total assets $ 659,915 $ 859 $ 660,774 Liabilities and equity: Accounts payable and accrued liabilities $ 479,122 $ 642 $ 479,764 Notes payable 58,767 - 58,767 Total liabilities 537,889 642 538,531 Equity of: Hovnanian Enterprises, Inc. 97,047 209 97,256 Others 24,979 8 24,987 Total equity 122,026 217 122,243 Total liabilities and equity $ 659,915 $ 859 $ 660,774 Debt to capitalization ratio 33 % 0 % 32 % (In thousands) October 31, 2022 Land Homebuilding Development Total Assets: Cash and cash equivalents $ 153,176 $ 868 $ 154,044 Inventories 441,140 - 441,140 Other assets 20,037 - 20,037 Total assets $ 614,353 $ 868 $ 615,221 Liabilities and equity: Accounts payable and accrued liabilities $ 471,813 $ 651 $ 472,464 Notes payable 34,880 - 34,880 Total liabilities 506,693 651 507,344 Equity of: Hovnanian Enterprises, Inc. 73,142 209 73,351 Others 34,518 8 34,526 Total equity 107,660 217 107,877 Total liabilities and equity $ 614,353 $ 868 $ 615,221 Debt to capitalization ratio 24 % 0 % 24 % As of January 31, 2023 October 31, 2022, three January 31, 2023 2022 not Three Months Ended January 31, 2023 (In thousands) Land Homebuilding Development Total Revenues $ 79,601 $ - $ 79,601 Cost of sales and expenses (76,885 ) - (76,885 ) Joint venture net income $ 2,716 $ - $ 2,716 Our share of net income $ 7,160 $ - $ 7,160 Three Months Ended January 31, 2022 (In thousands) Land Homebuilding Development Total Revenues $ 69,591 $ 113 $ 69,704 Cost of sales and expenses (65,582 ) (26 ) (65,608 ) Joint venture net income $ 4,009 $ 87 $ 4,096 Our share of net income $ 8,147 $ 45 $ 8,192 The reason “Our share of net income” in our homebuilding joint ventures is higher than the “Joint venture net income” shown in the tables above is a result of our varying ownership percentages in each investment. For both the three January 31, 2023 2022, eight ten 50% three January 31, 2023, one second one three January 31, 2023 not not To compensate us for the administrative services we provide as the manager of certain unconsolidated joint ventures, we receive a management fee based on a percentage of the applicable unconsolidated joint venture’s revenues. These management fees, which totaled $3.6 million and $2.4 million for the three January 31, 2023 2022 Typically, our unconsolidated joint ventures obtain separate project specific mortgage financing. For some of our unconsolidated joint ventures, obtaining financing was challenging; therefore, some of our unconsolidated joint ventures are capitalized only with equity. Any unconsolidated joint venture financing is on a nonrecourse basis, with guarantees from us limited only to performance and completion of development, environmental warranties and indemnification, standard indemnification for fraud, misrepresentation and other similar actions, including a voluntary bankruptcy filing. In some instances, the unconsolidated joint venture entity is considered a VIE due to the returns being capped to the equity holders; however, in these instances, we have determined that we are not not

Note 19 - Recent Accounting Pro

Note 19 - Recent Accounting Pronouncements	3 Months Ended
Note 19 - Recent Accounting Pronouncements	Jan. 31, 2023
Notes to Financial Statements
Accounting Standards Update and Change in Accounting Principle [Text Block]	19. Recent Accounting Pronouncements In March 2020, 2020 04, 848 2020 04” 2020 04 March 12, 2020 may December 2022, 2022 06, 848 848”, 848 December 31, 2022 December 31, 2024. not

Note 20 - Fair Value of Financi

Note 20 - Fair Value of Financial Instruments	3 Months Ended
Note 20 - Fair Value of Financial Instruments	Jan. 31, 2023
Notes to Financial Statements
Fair Value Disclosures [Text Block]	20. Fair Value of Financial Instruments We use a fair-value hierarchy which prioritizes the inputs used in measuring fair value as follows: Level 1: Fair value determined based on quoted prices in active markets for identical assets. Level 2: Fair value determined using significant other observable inputs. Level 3: Fair value determined using significant unobservable inputs. Our financial instruments measured at fair value on a recurring basis are summarized below: Fair Value at Fair Value at Fair Value January 31, October 31, (In thousands) Hierarchy 2023 2022 Mortgage loans held for sale (1) Level 2 $ 74,891 $ 110,548 Forward contracts Level 2 (37 ) 752 Total $ 74,854 $ 111,300 Interest rate lock commitments Level 3 - - Total $ 74,854 $ 111,300 ( 1 January 31, 2023 October 31, 2022, We elected the fair value option for our loans held for sale. Management believes the fair value option improves financial reporting by mitigating volatility in reported earnings caused by measuring the fair value of the loans and derivative instruments used to economically hedge them without having to apply complex hedge accounting. Fair value of loans held for sale is based on independent quoted market prices, where available, or the prices for other mortgage loans with similar characteristics. The financial services segment had a pipeline of loan applications in process of $555.7 million at January 31, 2023 January 31, 2023 not The financial services segment uses investor commitments and forward sales of mandatory MBS to hedge its mortgage-related interest rate exposure. These instruments involve, to varying degrees, elements of credit and interest rate risk. Credit risk is primarily managed by entering into MBS forward commitments and option contracts. In the event of default by the purchaser, our risk is the difference between the contract price and fair value of the MBS forward commitments and option contracts. At January 31, 2023 no Changes in fair value option that are included in income are shown, by financial instrument and financial statement line item, below: Three Months Ended January 31, 2023 Mortgage Interest Rate Loans Held Lock Forward (In thousands) For Sale Commitments Contracts Change in fair value included in financial services revenue $ 421 $ - $ (37 ) Three Months Ended January 31, 2022 Mortgage Interest Rate Loans Held Lock Forward (In thousands) For Sale Commitments Contracts Change in fair value included in financial services revenue $ 1,982 $ (645 ) $ 135 We did not three months ended January 31, 2023 2022, The fair value of our cash equivalents, restricted cash and cash equivalents and customers' deposits approximates their carrying amount, based on Level 1 The fair value of each series of our Notes and Credit Facilities are listed below. Level 2 3 third ebt instruments. As shown in the table below, our 1.75 1.125 1.25 2 January 31, 2023 3 October 31, 2022). Fair Value as of January 31, 2023 (In thousands) Level 1 Level 2 Level 3 Total Senior Secured Notes: 10.0 November 15, 2025 - 164,842 - 164,842 7.75 February 15, 2026 - 243,308 - 243,308 10.5 February 15, 2026 - 284,665 - 284,665 11.25 February 15, 2026 - - 158,955 158,955 Senior Notes: 13.5 February 1, 2026 - - 96,523 96,523 5.0 February 1, 2040 - - 45,881 45,881 Senior Credit Facilities: Senior Unsecured Term Loan Credit Facility due February 1, 2027 - - 33,436 33,436 Senior Secured 1.75 Lien Term Loan Credit Facility due January 31, 2028 - - 84,106 84,106 Total fair value $ - $ 692,815 $ 418,901 $ 1,111,716 Fair Value as of October 31, 2022 (In thousands) Level 1 Level 2 Level 3 Total Senior Secured Notes: 10.0 November 15, 2025 - - 165,844 165,844 7.75 February 15, 2026 - - 240,393 240,393 10.5 February 15, 2026 - - 272,966 272,966 11.25 February 15, 2026 - - 162,566 162,566 Senior Notes: 13.5 - - 94,282 94,282 5.0 February 1, 2040 - - 55,654 55,654 Senior Credit Facilities: Senior Unsecured Term Loan Credit Facility due February 1, 2027 - - 31,301 31,301 Senior Secured 1.75 Lien Term Loan Credit Facility due January 31, 2028 - - 85,247 85,247 Total fair value $ - $ - $ 1,108,253 $ 1,108,253 The Senior Secured Revolving Credit Facility is not January 31, 2023 October 31, 2022

Note 21 - Transactions With Rel

Note 21 - Transactions With Related Parties	3 Months Ended
Note 21 - Transactions With Related Parties	Jan. 31, 2023
Notes to Financial Statements
Related Party Transactions Disclosure [Text Block]	21. Transactions with Related Parties From time to time, an engineering firm owned by Tavit Najarian, a relative of Ara K. Hovnanian, our Chairman and Chief Executive Officer, provides services to the Company. During the three January 31, 2023 2022

Note 3 - Interest (Tables)

Note 3 - Interest (Tables)	3 Months Ended
Note 3 - Interest (Tables)	Jan. 31, 2023
Notes Tables
Schedule of Real Estate Inventory, Capitalized Interest Costs [Table Text Block]	Three Months Ended January 31, (In thousands) 2023 2022 Interest capitalized at beginning of period $ 59,600 $ 58,159 Plus interest incurred(1) 34,326 32,783 Less cost of sales interest expensed (15,022 ) (13,745 ) Less other interest expensed(2)(3) (15,093 ) (13,393 ) Less interest contributed to unconsolidated joint venture(4) (3,016 ) - Interest capitalized at end of period(5) $ 60,795 $ 63,804
Cash Paid for Interest Net of Capitalized Interest [Table Text Block]	Three Months Ended January 31, (In thousands) 2023 2022 Other interest expensed $ 15,093 $ 13,393 Interest paid by our mortgage and finance subsidiaries 624 468 Increase in accrued interest (19,621 ) (19,115 ) Cash paid for interest, net of capitalized interest $ (3,904 ) $ (5,254 )

Note 6 - Warranty Costs (Tables

Note 6 - Warranty Costs (Tables)	3 Months Ended
Note 6 - Warranty Costs (Tables)	Jan. 31, 2023
Notes Tables
Schedule of Product Warranty Liability [Table Text Block]	Three Months Ended January 31, (In thousands) 2023 2022 Balance, beginning of period $ 97,718 $ 94,916 Additions – Selling, general and administrative 1,577 2,216 Additions – Cost of sales 1,303 1,424 Charges incurred during the period (8,802 ) (4,154 ) Changes to pre-existing reserves (729 ) (1,049 ) Balance, end of period $ 91,067 $ 93,353

Note 9 - Leases (Tables)

Note 9 - Leases (Tables)	3 Months Ended
Note 9 - Leases (Tables)	Jan. 31, 2023
Notes Tables
Lease, Cost [Table Text Block]	Three Months Ended January 31, (In thousands) 2023 2022 Operating lease costs $ 2,859 $ 2,588 Cash payments on lease liabilities $ 2,386 $ 2,440 (In thousands) January 31, 2023 October 31, 2022 ROU assets $ 17,650 $ 17,899 Lease liabilities $ 18,498 $ 18,862 Weighted-average remaining lease term (in years) 3.4 3.5 Weighted-average discount rate 9.5 % 9.5 %
Lessee, Operating Lease, Liability, Maturity [Table Text Block]	Fiscal Year Ended October 31, (In thousands) 2023 (excluding the three months ended January 31, 2023) $ 6,321 2024 5,779 2025 4,653 2026 3,111 2027 1,863 Total operating lease payments (1) 21,727 Less: imputed interest (3,229 ) Present value of operating lease liabilities $ 18,498

Note 10 - Mortgage Loans Held_2

Note 10 - Mortgage Loans Held for Sale (Tables)	3 Months Ended
Note 10 - Mortgage Loans Held for Sale (Tables)	Jan. 31, 2023
Notes Tables
Financing Receivable, Allowance for Credit Loss [Table Text Block]	Three Months Ended January 31, (In thousands) 2023 2022 Loan origination reserves, beginning of period $ 1,795 $ 1,632 Provisions for losses during the period 32 41 Adjustments to pre-existing provisions for losses from changes in estimates - - Loan origination reserves, end of period $ 1,827 $ 1,673

Note 12 - Senior Notes and Cr_2

Note 12 - Senior Notes and Credit Facilities (Tables)	3 Months Ended
Note 12 - Senior Notes and Credit Facilities (Tables)	Jan. 31, 2023
Notes Tables
Schedule of Long-Term Debt Instruments [Table Text Block]	January 31, October 31, (In thousands) 2023 2022 Senior Secured Notes: 10.0 November 15, 2025 $ 158,502 $ 158,502 7.75 February 15, 2026 250,000 250,000 10.5 February 15, 2026 282,322 282,322 11.25 February 15, 2026 162,269 162,269 Total Senior Secured Notes $ 853,093 $ 853,093 Senior Notes: 8.0 November 1, 2027 $ - $ - 13.5 February 1, 2026 90,590 90,590 5.0 February 1, 2040 90,120 90,120 Total Senior Notes $ 180,710 $ 180,710 Senior Unsecured Term Loan Credit Facility due February 1, 2027 $ 39,551 $ 39,551 Senior Secured 1.75 Lien Term Loan Credit Facility due January 31, 2028 $ 81,498 $ 81,498 Senior Secured Revolving Credit Facility (2) $ - $ - Subtotal senior notes and credit facilities $ 1,154,852 $ 1,154,852 Net (discounts) premiums $ 1,930 $ 4,079 Unamortized debt issuance costs $ (11,521 ) $ (12,384 ) Total senior notes and credit facilities, net of discounts, premiums and unamortized debt issuance costs $ 1,145,261 $ 1,146,547

Note 13 - Per Share Calculati_2

Note 13 - Per Share Calculation (Tables)	3 Months Ended
Note 13 - Per Share Calculation (Tables)	Jan. 31, 2023
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Three Months Ended January 31, (In thousands, except per share data) 2023 2022 Numerator: Net income $ 18,716 $ 24,808 Less: preferred stock dividends (2,669 ) (2,669 ) Less: undistributed earnings allocated to participating securities (1,403 ) (2,189 ) Numerator for basic earnings per share $ 14,644 $ 19,950 Plus: undistributed earnings allocated to participating securities 1,403 2,189 Less: undistributed earnings reallocated to participating securities (1,403 ) (2,189 ) Numerator for diluted earnings per share $ 14,644 $ 19,950 Denominator: Denominator for basic earnings per share – weighted average shares outstanding 6,186 6,389 Effect of dilutive securities: Stock-based payments 282 112 Denominator for diluted earnings per share – weighted-average shares outstanding 6,468 6,501 Basic earnings per share $ 2.37 $ 3.12 Diluted earnings per share $ 2.26 $ 3.07

Note 17 - Operating and Repor_2

Note 17 - Operating and Reporting Segments (Tables)	3 Months Ended
Note 17 - Operating and Reporting Segments (Tables)	Jan. 31, 2023
Notes Tables
Schedule of Segment Reporting Information, by Segment [Table Text Block]	January 31, October 31, (In thousands) 2023 2022 Assets: Northeast $ 494,830 $ 530,884 Southeast 357,831 330,894 West 824,696 802,704 Total homebuilding 1,677,357 1,664,482 Financial services 112,756 155,993 Corporate and unallocated 645,072 741,555 Total assets $ 2,435,185 $ 2,562,030
Operating Segments [Member]
Notes Tables
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Three Months Ended January 31, (In thousands) 2023 2022 Revenues: Northeast $ 211,462 $ 174,945 Southeast 73,794 55,582 West 215,734 321,470 Total homebuilding 500,990 551,997 Financial services 12,164 13,309 Corporate and unallocated 2,212 7 Total revenues $ 515,366 $ 565,313 Income before income taxes: Northeast $ 28,512 $ 19,838 Southeast 11,623 10,162 West 9,889 43,935 Total homebuilding 50,024 73,935 Financial services 3,111 2,909 Corporate and unallocated (1) (35,088 ) (41,443 ) Income before income taxes $ 18,047 $ 35,401

Note 18 - Investments in Unco_2

Note 18 - Investments in Unconsolidated Homebuilding and Land Development Joint Ventures (Tables)	3 Months Ended
	Jan. 31, 2023
Notes Tables
Equity Method Investments [Table Text Block]	(In thousands) January 31, 2023 Land Homebuilding Development Total Assets: Cash and cash equivalents $ 132,931 $ 859 $ 133,790 Inventories 501,596 - 501,596 Other assets 25,388 - 25,388 Total assets $ 659,915 $ 859 $ 660,774 Liabilities and equity: Accounts payable and accrued liabilities $ 479,122 $ 642 $ 479,764 Notes payable 58,767 - 58,767 Total liabilities 537,889 642 538,531 Equity of: Hovnanian Enterprises, Inc. 97,047 209 97,256 Others 24,979 8 24,987 Total equity 122,026 217 122,243 Total liabilities and equity $ 659,915 $ 859 $ 660,774 Debt to capitalization ratio 33 % 0 % 32 % (In thousands) October 31, 2022 Land Homebuilding Development Total Assets: Cash and cash equivalents $ 153,176 $ 868 $ 154,044 Inventories 441,140 - 441,140 Other assets 20,037 - 20,037 Total assets $ 614,353 $ 868 $ 615,221 Liabilities and equity: Accounts payable and accrued liabilities $ 471,813 $ 651 $ 472,464 Notes payable 34,880 - 34,880 Total liabilities 506,693 651 507,344 Equity of: Hovnanian Enterprises, Inc. 73,142 209 73,351 Others 34,518 8 34,526 Total equity 107,660 217 107,877 Total liabilities and equity $ 614,353 $ 868 $ 615,221 Debt to capitalization ratio 24 % 0 % 24 % Three Months Ended January 31, 2023 (In thousands) Land Homebuilding Development Total Revenues $ 79,601 $ - $ 79,601 Cost of sales and expenses (76,885 ) - (76,885 ) Joint venture net income $ 2,716 $ - $ 2,716 Our share of net income $ 7,160 $ - $ 7,160 Three Months Ended January 31, 2022 (In thousands) Land Homebuilding Development Total Revenues $ 69,591 $ 113 $ 69,704 Cost of sales and expenses (65,582 ) (26 ) (65,608 ) Joint venture net income $ 4,009 $ 87 $ 4,096 Our share of net income $ 8,147 $ 45 $ 8,192

Note 20 - Fair Value of Finan_2

Note 20 - Fair Value of Financial Instruments (Tables)	3 Months Ended
Note 20 - Fair Value of Financial Instruments (Tables)	Jan. 31, 2023
Notes Tables
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]	Fair Value at Fair Value at Fair Value January 31, October 31, (In thousands) Hierarchy 2023 2022 Mortgage loans held for sale (1) Level 2 $ 74,891 $ 110,548 Forward contracts Level 2 (37 ) 752 Total $ 74,854 $ 111,300 Interest rate lock commitments Level 3 - - Total $ 74,854 $ 111,300
Fair Value Option, Disclosures [Table Text Block]	Three Months Ended January 31, 2023 Mortgage Interest Rate Loans Held Lock Forward (In thousands) For Sale Commitments Contracts Change in fair value included in financial services revenue $ 421 $ - $ (37 ) Three Months Ended January 31, 2022 Mortgage Interest Rate Loans Held Lock Forward (In thousands) For Sale Commitments Contracts Change in fair value included in financial services revenue $ 1,982 $ (645 ) $ 135
Fair Value, Liabilities Measured on Recurring and Nonrecurring Basis 2 [Table Text Block]	(In thousands) Level 1 Level 2 Level 3 Total Senior Secured Notes: 10.0 November 15, 2025 - 164,842 - 164,842 7.75 February 15, 2026 - 243,308 - 243,308 10.5 February 15, 2026 - 284,665 - 284,665 11.25 February 15, 2026 - - 158,955 158,955 Senior Notes: 13.5 February 1, 2026 - - 96,523 96,523 5.0 February 1, 2040 - - 45,881 45,881 Senior Credit Facilities: Senior Unsecured Term Loan Credit Facility due February 1, 2027 - - 33,436 33,436 Senior Secured 1.75 Lien Term Loan Credit Facility due January 31, 2028 - - 84,106 84,106 Total fair value $ - $ 692,815 $ 418,901 $ 1,111,716 (In thousands) Level 1 Level 2 Level 3 Total Senior Secured Notes: 10.0 November 15, 2025 - - 165,844 165,844 7.75 February 15, 2026 - - 240,393 240,393 10.5 February 15, 2026 - - 272,966 272,966 11.25 February 15, 2026 - - 162,566 162,566 Senior Notes: 13.5 - - 94,282 94,282 5.0 February 1, 2040 - - 55,654 55,654 Senior Credit Facilities: Senior Unsecured Term Loan Credit Facility due February 1, 2027 - - 31,301 31,301 Senior Secured 1.75 Lien Term Loan Credit Facility due January 31, 2028 - - 85,247 85,247 Total fair value $ - $ - $ 1,108,253 $ 1,108,253

Note 1 - Basis of Presentation

Note 1 - Basis of Presentation (Details Textual)	3 Months Ended
Note 1 - Basis of Presentation (Details Textual)	Jan. 31, 2023
Number of Reportable Segments, Historically	7
Homebuilding [Member]
Number of Reportable Segments, Historically	6
Number of Reportable Segments	3

Note 2 - Stock Compensation (De

Note 2 - Stock Compensation (Details Textual) - USD ($) $ in Thousands	3 Months Ended
	Jan. 31, 2023	Jan. 31, 2022
Share-Based Payment Arrangement, Expense	$ 2,100	$ 1,600
Share-Based Payment Arrangement, Expense, after Tax	$ 2,100	1,100
Performance Shares [Member] \| The 2023 LTIP [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Post-Vesting Hold Period (Year)	2 years
Performance Shares [Member] \| Share-Based Payment Arrangement, Tranche One [Member] \| The 2023 LTIP [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Rights, Percentage	50%
Share-Based Payment Arrangement, Option [Member]
Share-Based Payment Arrangement, Expense	$ 8	$ 45

Note 3 - Interest (Details Text

Note 3 - Interest (Details Textual) - USD ($) $ in Thousands		3 Months Ended
		Jan. 31, 2023	Jan. 31, 2022
Real Estate Inventory Expense Not Eligible for Capitalization	[1],[2]	$ 15,093	$ 13,393
Qualifying Assets Not Exceeding Debt [Member]
Real Estate Inventory Expense Not Eligible for Capitalization		6,600	11,500
Completed Homes, Land in Planning and Fully Developed Lots without Homes under Construction [Member]
Real Estate Inventory Expense Not Eligible for Capitalization		$ 8,500	$ 1,900

[1]Cash paid for interest, net of capitalized interest, is the sum of other interest expensed, as defined above, and interest paid by our mortgage and finance subsidiaries adjusted for the change in accrued interest on notes payable, which is calculated as follows:[2]Other interest expensed includes interest that does not qualify for interest capitalization because our assets that qualify for interest capitalization (inventory under development) do not exceed our debt, which amounted to $6.6 million and $11.5 million for the three months ended January 31, 2023 and 2022, respectively. Other interest also includes interest on completed homes, land in planning and fully developed lots without homes under construction, which does not qualify for capitalization and therefore is expensed as incurred. This component of other interest was $8.5 million and $1.9 million for the three months ended January 31, 2023 and 2022, respectively.

Note 3 - Interest - Interest Co

Note 3 - Interest - Interest Costs Incurred, Expensed and Capitalized (Details) - USD ($) $ in Thousands		3 Months Ended
		Jan. 31, 2023	Jan. 31, 2022
Interest capitalized at beginning of period		$ 59,600	$ 58,159
Plus interest incurred(1)	[1]	34,326	32,783
Less cost of sales interest expensed		(15,022)	(13,745)
Less other interest expensed(2)(3)	[2],[3]	(15,093)	(13,393)
Less interest contributed to unconsolidated joint venture(4)	[4]	(3,016)	0
Interest capitalized at end of period(5)	[5]	$ 60,795	$ 63,804

[1]Data does not include interest incurred by our mortgage and finance subsidiaries.[2]Cash paid for interest, net of capitalized interest, is the sum of other interest expensed, as defined above, and interest paid by our mortgage and finance subsidiaries adjusted for the change in accrued interest on notes payable, which is calculated as follows:[3]Other interest expensed includes interest that does not qualify for interest capitalization because our assets that qualify for interest capitalization (inventory under development) do not exceed our debt, which amounted to $6.6 million and $11.5 million for the three months ended January 31, 2023 and 2022, respectively. Other interest also includes interest on completed homes, land in planning and fully developed lots without homes under construction, which does not qualify for capitalization and therefore is expensed as incurred. This component of other interest was $8.5 million and $1.9 million for the three months ended January 31, 2023 and 2022, respectively.[4]Represents capitalized interest which was included as part of the assets contributed to joint ventures, as discussed in Note 18. There was no impact to the Condensed Consolidated Statement of Operations as a result of these transactions.[5]Capitalized interest amounts are shown gross before allocating any portion of impairments, if any, to capitalized interest.

Note 3 - Interest - Cash Paid f

Note 3 - Interest - Cash Paid for Interest, Net of Capitalized Interest (Details) - USD ($) $ in Thousands		3 Months Ended
		Jan. 31, 2023	Jan. 31, 2022
Other interest expensed	[1],[2]	$ 15,093	$ 13,393
Interest paid by our mortgage and finance subsidiaries		624	468
Increase in accrued interest		(19,621)	(19,115)
Cash paid for interest, net of capitalized interest		$ (3,904)	$ (5,254)

[1]Cash paid for interest, net of capitalized interest, is the sum of other interest expensed, as defined above, and interest paid by our mortgage and finance subsidiaries adjusted for the change in accrued interest on notes payable, which is calculated as follows:[2]Other interest expensed includes interest that does not qualify for interest capitalization because our assets that qualify for interest capitalization (inventory under development) do not exceed our debt, which amounted to $6.6 million and $11.5 million for the three months ended January 31, 2023 and 2022, respectively. Other interest also includes interest on completed homes, land in planning and fully developed lots without homes under construction, which does not qualify for capitalization and therefore is expensed as incurred. This component of other interest was $8.5 million and $1.9 million for the three months ended January 31, 2023 and 2022, respectively.

Note 4 - Reduction of Invento_2

Note 4 - Reduction of Inventory to Fair Value (Details Textual) - Homebuilding [Member] $ in Thousands	3 Months Ended
	Jan. 31, 2023 USD ($)	Jan. 31, 2022 USD ($)	Oct. 31, 2022 USD ($)
Number of Communities Evaluated for Impairment	361	382
Impairment of Real Estate	$ 0	$ 0
Land Option Write Offs	$ 500	$ 100
Number of Walk Away Lots	2,182	420
Number of Communities Mothballed During the Period	0
Number of Communities Mothballed	2		2
Inventory Real Estate Mothballed Communities	$ 1,400		$ 1,400
Inventory Real Estate Mothballed Communities Accumulated Impairment Charges	20,300		20,300
Liabilities from Inventory Real Estate Not Owned	209,579		202,492
Model Sale Leaseback Financing Arrangements [Member]
Inventory Real Estate, Other Options	47,400		48,500
Liabilities from Inventory Real Estate Not Owned	49,300		51,200
Land Banking Arrangement [Member]
Inventory Real Estate, Other Options	267,600		260,100
Liabilities from Inventory Real Estate Not Owned	$ 160,300		$ 151,300

Note 5 - Variable Interest En_2

Note 5 - Variable Interest Entities (Details Textual) $ in Millions	Jan. 31, 2023 USD ($)
Deposits Associated with Land and Lot Options of Unconsolidated Variable Interest Entities	$ 187.7
Purchase Price Associated with Land and Lot Options of Unconsolidated Variable Interest Entities	$ 1,800

Note 6 - Warranty Costs (Detail

Note 6 - Warranty Costs (Details Textual) - USD ($) $ in Thousands	3 Months Ended
	Jan. 31, 2023	Jan. 31, 2022
Cash Received from Subcontractors for Owner Controlled Insurance Program	$ 1,000	$ 1,200
General Liability Insurance Deductible	25,000	25,000
Aggregate Retention for Construction Defects Warranty and Bodily Injury Claims	25,000	25,000
Payments by Insurance Companies for Claims	100	100
CALIFORNIA
Bodily Injury Insurance Deductible	500	500
Bodily Injury Insurance Limit	5,000	5,000
All States Other Than California [Member]
Bodily Injury Insurance Deductible	250	250
Bodily Injury Insurance Limit	$ 5,000	$ 5,000

Note 6 - Warranty Costs - Warra

Note 6 - Warranty Costs - Warranty and General Liability Reserve (Details) - USD ($) $ in Thousands	3 Months Ended
	Jan. 31, 2023	Jan. 31, 2022
Balance, beginning of period	$ 97,718	$ 94,916
Charges incurred during the period	(8,802)	(4,154)
Changes to pre-existing reserves	(729)	(1,049)
Balance, end of period	91,067	93,353
Selling, General and Administrative Expenses [Member]
Additions	1,577	2,216
Cost of Sales [Member]
Additions	$ 1,303	$ 1,424

Note 7 - Commitments and Cont_2

Note 7 - Commitments and Contingent Liabilities (Details Textual) $ in Millions	3 Months Ended
	Jan. 31, 2023 USD ($)
Great Notch Condominium Claims[Member]
Loss Contingency, Damages Sought, Value	$ 119.5
Spill Fund Lawsuit [Member]
Loss Contingency, Damages Sought, Value	$ 5.3

Note 8 - Cash and Cash Equiva_2

Note 8 - Cash and Cash Equivalents, Restricted Cash and Customer's Deposits (Details Textual) - USD ($) $ in Thousands	Jan. 31, 2023	Oct. 31, 2022	Jan. 31, 2022
Cash Equivalents, at Carrying Value, Total	$ 13,900	$ 13,400
Homebuilding [Member]
Restricted Cash and Cash Equivalents, Total	8,154	13,382	$ 14,260
Financial Services [Member]
Restricted Cash and Cash Equivalents, Total	31,516		$ 50,854
Financial Services [Member] \| Customer Deposits [Member]
Restricted Cash and Cash Equivalents, Total	28,400	29,700
Financial Services [Member] \| Mortgage Warehouse Lines of Credit [Member]
Restricted Cash and Cash Equivalents, Total	3,100	6,400
Financial Services [Member] \| Other Assets [Member]
Restricted Cash and Cash Equivalents, Total	$ 31,500	$ 36,100

Note 9 - Leases (Details Textua

Note 9 - Leases (Details Textual) $ in Millions	3 Months Ended
Note 9 - Leases (Details Textual) $ in Millions	Jan. 31, 2023 USD ($)
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability	$ 0.4
Lessee, Operating Lease, Lease Not Yet Commenced	13.7
Increase (Decrease) in Operating Lease Liability	$ 0.4

Note 9 - Leases - Lease Cost (D

Note 9 - Leases - Lease Cost (Details) - USD ($) $ in Thousands	3 Months Ended
	Jan. 31, 2023	Jan. 31, 2022	Oct. 31, 2022
Operating lease costs	$ 2,859	$ 2,588
Cash payments on lease liabilities	$ 2,386	$ 2,440
Weighted-average remaining lease term (in years) (Year)	3 years 4 months 24 days		3 years 6 months
Weighted-average discount rate	9.50%		9.50%
Prepaid Expenses and Other Current Assets [Member]
ROU assets	$ 17,650		$ 17,899
Accounts Payable and Accrued Liabilities [Member]
Lease liabilities	$ 18,498		$ 18,862

Note 9 - Leases - Maturities of

Note 9 - Leases - Maturities of Operating Lease Liabilities (Details) - USD ($) $ in Thousands		Jan. 31, 2023	Oct. 31, 2022
2023 (excluding the three months ended January 31, 2023)		$ 6,321
2024		5,779
2025		4,653
2026		3,111
2027		1,863
Total operating lease payments (1)	[1]	21,727
Less: imputed interest		(3,229)
Accounts Payable and Accrued Liabilities [Member]
Present value of operating lease liabilities		$ 18,498	$ 18,862

[1]Lease payments exclude $13.7 million of legally binding minimum lease payments for office leases signed but not yet commenced as of October 31, 2022. The related ROU asset and operating lease liability are not reflected on the Company's balance sheet as of October 31, 2022.

Note 10 - Mortgage Loans Held_3

Note 10 - Mortgage Loans Held for Sale (Details Textual) $ in Millions	Jan. 31, 2023 USD ($)	Oct. 31, 2022 USD ($)	Jan. 31, 2022
Number of Loans Reserved For	14		14
Asset Pledged as Collateral without Right [Member]
Financing Receivable, before Allowance for Credit Loss, Total	$ 58	$ 92.5

Note 10 - Mortgage Loans Held_4

Note 10 - Mortgage Loans Held for Sale - Loan Origination Reserves (Details) - USD ($) $ in Thousands	3 Months Ended
	Jan. 31, 2023	Jan. 31, 2022
Loan origination reserves, beginning of period	$ 1,795	$ 1,632
Provisions for losses during the period	32	41
Adjustments to pre-existing provisions for losses from changes in estimates	0	0
Loan origination reserves, end of period	$ 1,827	$ 1,673

Note 11 - Mortgages (Details Te

Note 11 - Mortgages (Details Textual) - USD ($) $ in Thousands	3 Months Ended
	Jan. 31, 2023	Oct. 31, 2022
JP Morgan Chase Bank [Member]
Line of Credit Facility, Maximum Borrowing Capacity	$ 50,000
Warehouse Agreement Borrowings	$ 15,700	$ 14,100
JP Morgan Chase Bank [Member] \| Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]
Debt Instrument Variable Rate Basis Adjusted Secured Overnight Financing Rate SOFR	4.63%
JP Morgan Chase Bank [Member] \| Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member] \| Minimum [Member]
Debt Instrument, Basis Spread on Variable Rate	2.25%
JP Morgan Chase Bank [Member] \| Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member] \| Maximum [Member]
Debt Instrument, Basis Spread on Variable Rate	2.375%
Customers Bank [Member]
Line of Credit Facility, Maximum Borrowing Capacity	$ 50,000
Warehouse Agreement Borrowings	$ 20,300	43,100
Customers Bank [Member] \| Bloomberg Short-term Bank Yield Index (BSBY) [Member] \| Minimum [Member]
Debt Instrument, Basis Spread on Variable Rate	2.125%
Customers Bank [Member] \| Bloomberg Short-term Bank Yield Index (BSBY) [Member] \| Maximum [Member]
Debt Instrument, Basis Spread on Variable Rate	4.50%
Nonrecourse Mortgages Secured By Inventory [Member] \| Mortgages [Member] \| Homebuilding [Member]
Secured Debt, Total	$ 133,886	144,805
Debt Instrument, Collateral Amount	$ 416,100	$ 418,900
Debt, Weighted Average Interest Rate	7.70%	6.70%
Comerica Master Repurchase Agreement [Member]
Line of Credit Facility, Maximum Borrowing Capacity	$ 60,000
Warehouse Agreement Borrowings	22,400	$ 37,100
Line of Credit Facility, Maximum Borrowing Capacity Reversion After Initial Period	$ 50,000
Comerica Master Repurchase Agreement [Member] \| Bloomberg Short-term Bank Yield Index (BSBY) [Member]
Debt Instrument Variable Rate Basis Floor Rate	0.50%
Comerica Master Repurchase Agreement [Member] \| Bloomberg Short-term Bank Yield Index (BSBY) [Member] \| Minimum [Member]
Debt Instrument, Basis Spread on Variable Rate	1.75%
Comerica Master Repurchase Agreement [Member] \| Bloomberg Short-term Bank Yield Index (BSBY) [Member] \| Maximum [Member]
Debt Instrument, Basis Spread on Variable Rate	3.25%

Note 12 - Senior Notes and Cr_3

Note 12 - Senior Notes and Credit Facilities (Details Textual) - USD ($) $ in Millions	3 Months Ended
	Jan. 31, 2023	Oct. 31, 2022	Jan. 31, 2022	Oct. 31, 2019
Debt Covenant Fixed Charge Coverage Ratio Minimum	2
Secured Debt Leverage Ratio	4
Dividends Payable	$ 2.7		$ 2.7
Senior Secured Revolving Credit Facility [Member]
Line of Credit Facility, Maximum Borrowing Capacity	$ 125
Line of Credit Facility, Unused Commitment Fee Rate	1%
Senior Secured Revolving Credit Facility [Member] \| Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]
Line of Credit Facility, Variable Rate Floor	1%
Line of Credit Facility, Applicable Margin	4.50%
Senior Secured Revolving Credit Facility [Member] \| Base Rate [Member]
Line of Credit Facility, Applicable Margin	3.50%
Stand-alone Cash Collateralized Letter of Credit Agreements and Facilities [Member]
Letters of Credit Outstanding, Amount	$ 5.7	$ 6
Stand-alone Cash Collateralized Letter of Credit Agreements and Facilities [Member] \| Restricted Cash [Member]
Debt Instrument, Collateral Amount	$ 5.8	$ 6.1
Senior Secured Revolving Credit Facility [Member]
Line of Credit Facility, Unused Commitment Fee Rate	1%
Senior Secured Revolving Credit Facility [Member] \| Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]
Line of Credit Facility, Variable Rate Floor	1%
Line of Credit Facility, Applicable Margin	4.50%
Senior Secured Revolving Credit Facility [Member] \| Base Rate [Member]
Line of Credit Facility, Applicable Margin	3.50%
The Secured Credit Facility, the New Secured Notes, and the Second Lien Notes [Member] \| Cash and Cash Equivalents Collateral [Member]
Debt Instrument, Collateral Amount	$ 242.3
The Secured Credit Facility, the New Secured Notes, and the Second Lien Notes [Member] \| Restricted Cash [Member]
Debt Instrument, Collateral Amount	5.8
The Secured Credit Facility, the New Secured Notes, and the Second Lien Notes [Member] \| Real Property [Member]
Debt Instrument, Collateral Amount	470.7
The Secured Credit Facility, the New Secured Notes, and the Second Lien Notes [Member] \| Equity Interests in Joint Venture Holding Companies Collateral [Member]
Debt Instrument, Collateral Amount	96.9
The 8.0% Senior Notes Due 2027 [Member] \| Unsecured Senior Notes [Member]
Debt Instrument, Face Amount	$ 26
Debt Instrument, Interest Rate, Stated Percentage	8%	8%
The 8.0% Senior Notes Due 2027 [Member] \| Unsecured Senior Notes Excluding Senior Amortizing Notes and Senior Exchangeable Notes [Member]
Debt Instrument, Interest Rate, Stated Percentage	8%
Senior Secured Revolving Credit Facility [Member]
Line of Credit Facility, Maximum Borrowing Capacity				$ 125
The 7.75% Senior Secured 1.125 Lien Notes due February 15, 2026 [Member] \| Senior Secured Notes [Member]
Debt Instrument, Interest Rate, Stated Percentage	7.75%	7.75%
The 7.75% Senior Secured 1.125 Lien Notes due February 15, 2026 [Member] \| Senior Secured Notes [Member] \| Principal Commencing February 15, 2022 [Member]
Debt Instrument, Redemption Price, Percentage	103.875%
The 7.75% Senior Secured 1.125 Lien Notes due February 15, 2026 [Member] \| Senior Secured Notes [Member] \| Principal Commencing February 15, 2023 [Member]
Debt Instrument, Redemption Price, Percentage	101.937%
The 7.75% Senior Secured 1.125 Lien Notes due February 15, 2026 [Member] \| Senior Secured Notes [Member] \| Principal Commencing February 15, 2024 [Member]
Debt Instrument, Redemption Price, Percentage	100%
The 10.5% Senior Secured 1.25 Lien Notes due February 15, 2026 [Member] \| Senior Secured Notes [Member]
Debt Instrument, Interest Rate, Stated Percentage	10.50%	10.50%
The 10.5% Senior Secured 1.25 Lien Notes due February 15, 2026 [Member] \| Senior Secured Notes [Member] \| Principal Commencing February 15, 2022 [Member]
Debt Instrument, Redemption Price, Percentage	105.25%
The 10.5% Senior Secured 1.25 Lien Notes due February 15, 2026 [Member] \| Senior Secured Notes [Member] \| Principal Commencing February 15, 2023 [Member]
Debt Instrument, Redemption Price, Percentage	102.625%
The 10.5% Senior Secured 1.25 Lien Notes due February 15, 2026 [Member] \| Senior Secured Notes [Member] \| Principal Commencing February 15, 2024 [Member]
Debt Instrument, Redemption Price, Percentage	100%
The 10.5% Senior Secured 1.25 Lien Notes due February 15, 2026 [Member] \| Senior Secured Notes [Member] \| After November 15, 2023 [Member]
Debt Instrument, Redemption Price, Percentage	100%
The 10.0% Senior Secured 1.75 Lien Notes due 2025 [Member] \| After November 15, 2023 [Member]
Debt Instrument, Redemption Price, Percentage	102.50%
The 10.0% Senior Secured 1.75 Lien Notes due 2025 [Member] \| Prior To February 15, 2026 [Member]
Debt Instrument, Redemption Price, Percentage	100%
The 10.0% Senior Secured 1.75 Lien Notes due 2025 [Member] \| Senior Secured Notes [Member]
Debt Instrument, Interest Rate, Stated Percentage	10%	10%
The 11.25% Senior Secured 1.5 Lien Notes due February 15, 2026 [Member] \| Senior Secured Notes [Member]
Debt Instrument, Interest Rate, Stated Percentage	11.25%	11.25%
Senior Secured 1.75 Lien Term Loan Credit Facility Due January 31, 2028 [Member] \| After November 15, 2023 [Member]
Debt Instrument, Redemption Price, Percentage	100%
Senior Secured 1.75 Lien Term Loan Credit Facility Due January 31, 2028 [Member] \| Before Nov 15, 2023 [Member]
Debt Instrument, Redemption Price, Percentage	102.50%
The 13.5% Senior Notes Due 2026 [Member] \| Unsecured Senior Notes [Member]
Debt Instrument, Interest Rate, Stated Percentage	13.50%	13.50%
The 13.5% Senior Notes Due 2026 [Member] \| Unsecured Senior Notes [Member] \| Debt Instrument, Redemption, Period One [Member]
Debt Instrument, Redemption Price, Percentage	100%
The 13.5% Senior Notes Due 2026 [Member] \| Unsecured Senior Notes [Member] \| Debt Instrument, Redemption, Period Two [Member]
Debt Instrument, Redemption Price, Percentage	100%
The 5.0% Senior Notes due 2040 [Member]
Debt Instrument, Interest Rate, Stated Percentage	5%
The 5.0% Senior Notes due 2040 [Member] \| Unsecured Senior Notes [Member] \| Debt Instrument, Redemption, Period One [Member]
Debt Instrument, Redemption Price, Percentage	100%
The 5.0% Senior Notes due 2040 [Member] \| Unsecured Senior Notes Excluding Senior Amortizing Notes and Senior Exchangeable Notes [Member]
Debt Instrument, Interest Rate, Stated Percentage	5%	5%

Note 12 - Senior Notes and Cr_4

Note 12 - Senior Notes and Credit Facilities - Senior Notes and Credit Facilities Balances (Details) - USD ($) $ in Thousands		Jan. 31, 2023	Oct. 31, 2022
Senior debt		$ 1,154,852	$ 1,154,852
Net (discounts) premiums		1,930	4,079
Unamortized debt issuance costs		(11,521)	(12,384)
Total senior notes and credit facilities, net of discounts, premiums and unamortized debt issuance costs		1,145,261	1,146,547
Senior Secured Notes [Member]
Senior debt		853,093	853,093
Unsecured Senior Notes Excluding Senior Amortizing Notes and Senior Exchangeable Notes [Member]
Senior debt		180,710	180,710
Senior Unsecured Term Loan Credit Facility Due 2027 [Member]
Senior debt		39,551	39,551
Senior Secured Revolving Credit Facility [Member]
Senior debt	[1]	0	0
The 10.0% Senior Secured 1.75 Lien Notes due 2025 [Member] \| Senior Secured Notes [Member]
Senior debt		158,502	158,502
The 7.75% Senior Secured 1.125 Lien Notes due February 15, 2026 [Member] \| Senior Secured Notes [Member]
Senior debt		250,000	250,000
The 10.5% Senior Secured 1.25 Lien Notes due February 15, 2026 [Member] \| Senior Secured Notes [Member]
Senior debt		282,322	282,322
The 11.25% Senior Secured 1.5 Lien Notes due February 15, 2026 [Member] \| Senior Secured Notes [Member]
Senior debt		162,269	162,269
The 8.0% Senior Notes Due 2027 [Member] \| Unsecured Senior Notes [Member]
Senior debt	[2]	0	0
The 13.5% Senior Notes Due 2026 [Member] \| Unsecured Senior Notes [Member]
Senior debt		90,590	90,590
The 5.0% Senior Notes due 2040 [Member] \| Unsecured Senior Notes Excluding Senior Amortizing Notes and Senior Exchangeable Notes [Member]
Senior debt		90,120	90,120
The 10.0% Senior Secured 1.75 Lien Term Loans Due 2028 [Member] \| Senior Secured Term Loan [Member]
Senior debt		$ 81,498	$ 81,498

[1]At January 31, 2023, provides for up to $125.0 million in aggregate amount of senior secured first lien revolving loans. In the fourth quarter of fiscal 2022, we amended our Secured Credit Facility, which amendments became effective in the first quarter of fiscal 2023. As amended, the revolving loans thereunder have a maturity of June 30, 2024 and borrowings bear interest, at K. Hovnanian’s option, at either (i) a term secured overnight financing rate (subject to a floor of 1.00%) plus an applicable margin of 4.50% or (ii) an alternate base rate plus an applicable margin of 3.50%. In addition, K. Hovnanian will pay an unused commitment fee on the undrawn revolving commitments at a rate of 1.00% per annum.[2]$26.0 million of 8.0% Senior Notes due 2027 (the "8.0% 2027 Notes") are owned by a wholly owned consolidated subsidiary of HEI. Therefore, in accordance with U.S. GAAP, such notes are not reflected on the Consolidated Balance Sheets of HEI.

Note 12 - Senior Notes and Cr_5

Note 12 - Senior Notes and Credit Facilities - Senior Notes and Credit Facilities Balances (Details) (Parentheticals)	3 Months Ended	12 Months Ended
	Jan. 31, 2023	Oct. 31, 2022
Senior Unsecured Term Loan Credit Facility Due 2027 [Member]
Debt Instrument, Maturity Date	Feb. 01, 2027	Feb. 01, 2027
The 10.0% Senior Secured 1.75 Lien Notes due 2025 [Member] \| Senior Secured Notes [Member]
Debt Instrument, Interest Rate, Stated Percentage	10%	10%
Debt Instrument, Maturity Date	Nov. 15, 2025	Nov. 15, 2025
The 7.75% Senior Secured 1.125 Lien Notes due February 15, 2026 [Member] \| Senior Secured Notes [Member]
Debt Instrument, Interest Rate, Stated Percentage	7.75%	7.75%
Debt Instrument, Maturity Date	Feb. 15, 2026	Feb. 15, 2026
The 10.5% Senior Secured 1.25 Lien Notes due February 15, 2026 [Member] \| Senior Secured Notes [Member]
Debt Instrument, Interest Rate, Stated Percentage	10.50%	10.50%
Debt Instrument, Maturity Date	Feb. 15, 2026	Feb. 15, 2026
The 11.25% Senior Secured 1.5 Lien Notes due February 15, 2026 [Member] \| Senior Secured Notes [Member]
Debt Instrument, Interest Rate, Stated Percentage	11.25%	11.25%
Debt Instrument, Maturity Date	Feb. 15, 2026	Feb. 15, 2026
The 8.0% Senior Notes Due 2027 [Member] \| Unsecured Senior Notes [Member]
Debt Instrument, Interest Rate, Stated Percentage	8%	8%
Debt Instrument, Maturity Date	Nov. 01, 2027	Nov. 01, 2027
The 8.0% Senior Notes Due 2027 [Member] \| Unsecured Senior Notes Excluding Senior Amortizing Notes and Senior Exchangeable Notes [Member]
Debt Instrument, Interest Rate, Stated Percentage	8%
The 13.5% Senior Notes Due 2026 [Member] \| Unsecured Senior Notes [Member]
Debt Instrument, Interest Rate, Stated Percentage	13.50%	13.50%
Debt Instrument, Maturity Date	Feb. 01, 2026	Feb. 01, 2026
The 5.0% Senior Notes due 2040 [Member]
Debt Instrument, Interest Rate, Stated Percentage	5%
The 5.0% Senior Notes due 2040 [Member] \| Unsecured Senior Notes Excluding Senior Amortizing Notes and Senior Exchangeable Notes [Member]
Debt Instrument, Interest Rate, Stated Percentage	5%	5%
Debt Instrument, Maturity Date	Feb. 01, 2040	Feb. 01, 2040
The 10.0% Senior Secured 1.75 Lien Term Loans Due 2028 [Member] \| Senior Secured Term Loan [Member]
Debt Instrument, Maturity Date	Jan. 31, 2028	Jan. 31, 2028

Note 13 - Per Share Calculati_3

Note 13 - Per Share Calculation (Details Textual) - shares shares in Thousands	3 Months Ended
	Jan. 31, 2023	Jan. 31, 2022
Out of the Money Stock Options [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in shares)	80	24

Note 13 - Per Share Calculati_4

Note 13 - Per Share Calculation - Basic and Diluted Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Jan. 31, 2023	Jan. 31, 2022
Net income	$ 18,716	$ 24,808
Less: preferred stock dividends	(2,669)	(2,669)
Less: undistributed earnings allocated to participating securities	(1,403)	(2,189)
Numerator for basic earnings per share	14,644	19,950
Plus: undistributed earnings allocated to participating securities	1,403	2,189
Less: undistributed earnings reallocated to participating securities	(1,403)	(2,189)
Numerator for diluted earnings per share	$ 14,644	$ 19,950
Denominator for basic earnings per share – weighted average shares outstanding (in shares)	6,186	6,389
Stock-based payments (in shares)	282	112
Denominator for diluted earnings per share – weighted-average shares outstanding (in shares)	6,468	6,501
Net income per common share (in dollars per share)	$ 2.37	$ 3.12
Diluted earnings per share (in dollars per share)	$ 2.26	$ 3.07

Note 14 - Preferred Stock (Deta

Note 14 - Preferred Stock (Details Textual) - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended
	Jul. 12, 2005	Jan. 31, 2023	Jan. 31, 2022	Oct. 31, 2022
Preferred Stock, Shares Issued, Total (in shares)		5,600		5,600
Payments of Dividends, Total		$ 2,669	$ 2,669
Preferred Class A [Member]
Preferred Stock, Shares Issued, Total (in shares)	5,600
Preferred Stock, Dividend Rate, Percentage	7.625%
Preferred Stock, Liquidation Preference Per Share (in dollars per share)	$ 25,000
Preferred Stock, Depositary Shares, Number of Shares of Preferred Stock in Each Depositary Share (in shares)	0.001
Payments of Dividends, Total		$ 2,700

Note 15 - Common Stock (Details

Note 15 - Common Stock (Details Textual) $ / shares in Units, $ in Millions	3 Months Ended
	Jan. 31, 2023 USD ($) $ / shares shares	Sep. 01, 2022 USD ($)	Jan. 11, 2018	Aug. 15, 2008	Jul. 03, 2001 shares
Common Stock Dividends Percent of Increase from Class A to Class B	110%
Conversion of Stock From Class B to Class A Conversion Ratio	1
Shareholder Ownership Percentage of Increase			50%
Treasury Stock, Value, Acquired, Cost Method	$ 4.8
Minimum [Member]
Shareholder Ownership Percentage			5%
Common Class A [Member]
Common Stock Voting Rights Votes per Share Number	1
Shareholder Ownership Percentage				4.90%
Number of Rights				1
Shareholders Pre Existing Ownership Percentage			5%
Shareholders Current Ownership Percentage			5%
Shareholders Ownership Percentage on Transfers			5%
Shareholders Ownership Percentage Threshold			5%
Stock Repurchase Program, Number of Shares Authorized to be Repurchased (in shares) \| shares					200,000
Stock Repurchase Program, Authorized Amount		$ 50
Treasury Stock, Shares, Acquired (in shares) \| shares	118,478
Treasury Stock, Value, Acquired, Cost Method	$ 4.8
Treasury Stock Acquired, Average Cost Per Share (in dollars per share) \| $ / shares	$ 40.51
Stock Repurchase Program, Remaining Amount of Shares Authorized to be Repurchased	$ 33
Common Class B [Member]
Common Stock Voting Rights Votes per Share Number	10

Note 16 - Income Taxes (Details

Note 16 - Income Taxes (Details Textual) - USD ($) $ in Thousands	3 Months Ended
	Jan. 31, 2023	Jan. 31, 2022
Income Tax Expense (Benefit), Total	$ (669)	$ 10,593
Effective Income Tax Rate Reconciliation, Tax Credit, Amount, Total	6,200
Deferred Tax Assets, Net, Total	347,400
Contract Backlog	1,200,000
Deferred Tax Assets, Valuation Allowance	95,700
Domestic Tax Authority [Member]
Income Tax Expense (Benefit), Total	(2,880)	8,050
Domestic Tax Authority [Member] \| Between 2029 and 2038 [Member]
Operating Loss Carryforwards	909,500
Domestic Tax Authority [Member] \| Indefinite Tax Period [Member]
Operating Loss Carryforwards	21,100
State and Local Jurisdiction [Member]
Income Tax Expense (Benefit), Total	2,211	$ 2,543
Operating Loss Carryforwards	2,300,000
State and Local Jurisdiction [Member] \| Indefinite Tax Period [Member]
Operating Loss Carryforwards	51,500
State and Local Jurisdiction [Member] \| Between 2023 and 2027 [Member]
Operating Loss Carryforwards	411,400
State and Local Jurisdiction [Member] \| Between 2028 and 2032 [Member]
Operating Loss Carryforwards	1,400,000
State and Local Jurisdiction [Member] \| Between 2033 and 2037 [Member]
Operating Loss Carryforwards	369,700
State and Local Jurisdiction [Member] \| Between 2038 and 2042 [Member]
Operating Loss Carryforwards	$ 73,700

Note 17 - Operating and Repor_3

Note 17 - Operating and Reporting Segments (Details Textual) $ in Thousands		3 Months Ended
		Jan. 31, 2023 USD ($)	Jan. 31, 2022 USD ($)
Number of States in which Entity Operates		14
Number of Reportable Segments, Historically		7
Real Estate Inventory Expense Not Eligible for Capitalization	[1],[2]	$ 15,093	$ 13,393
Qualifying Assets Not Exceeding Debt [Member]
Real Estate Inventory Expense Not Eligible for Capitalization		6,600	11,500
Corporate, Non-Segment [Member]
General and Administrative Expense, Total		25,500	29,400
Other Nonoperating Income (Expense), Total		(3,000)	500
Corporate, Non-Segment [Member] \| Qualifying Assets Not Exceeding Debt [Member]
Real Estate Inventory Expense Not Eligible for Capitalization		$ 6,600	$ 11,500
Homebuilding [Member]
Number of Reportable Segments, Historically		6
Number of Reportable Segments		3

[1]Cash paid for interest, net of capitalized interest, is the sum of other interest expensed, as defined above, and interest paid by our mortgage and finance subsidiaries adjusted for the change in accrued interest on notes payable, which is calculated as follows:[2]Other interest expensed includes interest that does not qualify for interest capitalization because our assets that qualify for interest capitalization (inventory under development) do not exceed our debt, which amounted to $6.6 million and $11.5 million for the three months ended January 31, 2023 and 2022, respectively. Other interest also includes interest on completed homes, land in planning and fully developed lots without homes under construction, which does not qualify for capitalization and therefore is expensed as incurred. This component of other interest was $8.5 million and $1.9 million for the three months ended January 31, 2023 and 2022, respectively.

Note 17 - Operating and Repor_4

Note 17 - Operating and Reporting Segments - Financial Information Relating to Segment Operations (Details) - USD ($) $ in Thousands		3 Months Ended
		Jan. 31, 2023	Jan. 31, 2022
Revenues, Total		$ 515,366	$ 565,313
Income (loss) before income taxes		18,047	35,401
Corporate, Non-Segment [Member]
Revenues, Total		2,212	7
Income (loss) before income taxes	[1]	(35,088)	(41,443)
Homebuilding [Member]
Revenues, Total		503,202	552,004
Homebuilding [Member] \| Operating Segments [Member]
Revenues, Total		500,990	551,997
Income (loss) before income taxes		50,024	73,935
Homebuilding [Member] \| Northeast [Member] \| Operating Segments [Member]
Revenues, Total		211,462	174,945
Income (loss) before income taxes		28,512	19,838
Homebuilding [Member] \| Southeast [Member] \| Operating Segments [Member]
Revenues, Total		73,794	55,582
Income (loss) before income taxes		11,623	10,162
Homebuilding [Member] \| West [Member] \| Operating Segments [Member]
Revenues, Total		215,734	321,470
Income (loss) before income taxes		9,889	43,935
Financial Services [Member]
Revenues, Total		12,164	13,309
Financial Services [Member] \| Operating Segments [Member]
Revenues, Total		12,164	13,309
Income (loss) before income taxes		$ 3,111	$ 2,909

[1]Corporate and unallocated for the three months ended January 31, 2023 included corporate general and administrative expenses of $25.5 million, interest expense of $6.6 million (a component of Other interest in our Condensed Consolidated Statements of Operations), and $3.0 million of other net expenses. Corporate and unallocated for the three months ended January 31, 2022 included corporate general and administrative costs of $29.4 million, interest expense of $11.5 million and $0.5 million of other net expenses.

Note 17 - Operating and Repor_5

Note 17 - Operating and Reporting Segments - Financial Information Relating to Segment Financial Position (Details) - USD ($) $ in Thousands	Jan. 31, 2023	Oct. 31, 2022
Assets	$ 2,435,185	$ 2,562,030
Corporate, Non-Segment [Member]
Assets	645,072	741,555
Homebuilding [Member]
Assets	1,975,060	2,061,244
Homebuilding [Member] \| Operating Segments [Member]
Assets	1,677,357	1,664,482
Homebuilding [Member] \| Northeast [Member] \| Operating Segments [Member]
Assets	494,830	530,884
Homebuilding [Member] \| Southeast [Member] \| Operating Segments [Member]
Assets	357,831	330,894
Homebuilding [Member] \| West [Member] \| Operating Segments [Member]
Assets	824,696	802,704
Financial Services [Member]
Assets	112,756	155,993
Financial Services [Member] \| Operating Segments [Member]
Assets	$ 112,756	$ 155,993

Note 18 - Investments in Unco_3

Note 18 - Investments in Unconsolidated Homebuilding and Land Development Joint Ventures (Details Textual) $ in Thousands	3 Months Ended		15 Months Ended
	Jan. 31, 2023 USD ($)	Jan. 31, 2022 USD ($)	Jan. 31, 2023 USD ($)	Oct. 31, 2022 USD ($)	Oct. 31, 2021
Number of Communities Taken Control of from Joint Ventures	4
Number of Joint Ventures from which Remaining Equity Interest Purchased	1
Payments to Acquire Remaining Equity Interest in Unconsolidated Joint Venture	$ 41,100
Equity Method Investment, Other than Temporary Impairment	0
Revenues, Total	515,366	$ 565,313
Homebuilding [Member]
Revenues, Total	503,202	552,004
Homebuilding [Member] \| Management Fees [Member]
Revenues, Total	$ 3,600		$ 2,400
Homebuilding and Land Development Joint Ventures [Member]
Equity Method Investment, Estimated Percentage Share of Net Loss Without Investment Write Off					50%
Equity Method Investment, Number of Unconsolidated Joint Ventures	8
Minimum [Member] \| Homebuilding and Land Development Joint Ventures [Member]
Equity Method Investment, Ownership Percentage	20%		20%
Maximum [Member] \| Homebuilding and Land Development Joint Ventures [Member]
Equity Method Investment, Ownership Percentage	50%		50%
Corporate Joint Venture [Member]
Advances to Affiliate	$ 3,800		$ 3,800	$ 1,600
Revenues, Total	$ 79,601	$ 69,704

Note 18 - Investments in Unco_4

Note 18 - Investments in Unconsolidated Homebuilding and Land Development Joint Ventures - Unconsolidated Homebuilding and Land Development Joint Ventures (Details) - USD ($) $ in Thousands	3 Months Ended
	Jan. 31, 2023	Jan. 31, 2022	Oct. 31, 2022	Oct. 31, 2021
Assets	$ 2,435,185		$ 2,562,030
Liabilities	2,039,388		2,178,979
Hovnanian Enterprises, Inc.	395,778		383,036
Others	19		15
Total equity	395,797	$ 196,887	383,051	$ 175,384
Total liabilities and equity	2,435,185		2,562,030
Revenues, Total	515,366	565,313
Joint venture net income (loss)	18,716	24,808
Our share of net income (loss)	7,160	8,191
Corporate Joint Venture [Member]
Cash and cash equivalents	133,790		154,044
Inventories	501,596		441,140
Other assets	25,388		20,037
Assets	660,774		615,221
Accounts payable and accrued liabilities	479,764		472,464
Notes payable	58,767		34,880
Liabilities	538,531		507,344
Hovnanian Enterprises, Inc.	97,256		73,351
Others	24,987		34,526
Total equity	122,243		107,877
Total liabilities and equity	$ 660,774		$ 615,221
Debt to capitalization ratio	32%		24%
Revenues, Total	$ 79,601	69,704
Cost of sales and expenses	(76,885)	(65,608)
Joint venture net income (loss)	2,716	4,096
Our share of net income (loss)	7,160	8,192
Corporate Joint Venture [Member] \| Homebuilding Joint Venture [Member]
Our share of net income (loss)	7,160	8,147
Corporate Joint Venture [Member] \| Land Development Joint Venture [Member]
Our share of net income (loss)	0	45
Homebuilding Joint Venture [Member] \| Corporate Joint Venture [Member]
Cash and cash equivalents	132,931		$ 153,176
Inventories	501,596		441,140
Other assets	25,388		20,037
Assets	659,915		614,353
Accounts payable and accrued liabilities	479,122		471,813
Notes payable	58,767		34,880
Liabilities	537,889		506,693
Hovnanian Enterprises, Inc.	97,047		73,142
Others	24,979		34,518
Total equity	122,026		107,660
Total liabilities and equity	$ 659,915		$ 614,353
Debt to capitalization ratio	33%		24%
Revenues, Total	$ 79,601	69,591
Cost of sales and expenses	(76,885)	(65,582)
Joint venture net income (loss)	2,716	4,009
Land Development Joint Venture [Member] \| Corporate Joint Venture [Member]
Cash and cash equivalents	859		$ 868
Inventories	0		0
Other assets	0		0
Assets	859		868
Accounts payable and accrued liabilities	642		651
Notes payable	0		0
Liabilities	642		651
Hovnanian Enterprises, Inc.	209		209
Others	8		8
Total equity	217		217
Total liabilities and equity	$ 859		$ 868
Debt to capitalization ratio	0%		0%
Revenues, Total	$ 0	113
Cost of sales and expenses	0	(26)
Joint venture net income (loss)	$ 0	$ 87

Note 20 - Fair Value of Finan_3

Note 20 - Fair Value of Financial Instruments (Details Textual) - USD ($) $ in Thousands	3 Months Ended
	Jan. 31, 2023	Oct. 31, 2022
Loans Held for Sale Mortgages Unpaid Principal	$ 74,500	$ 110,200
Senior Secured Revolving Credit Facility [Member]
Long-term Line of Credit, Total	0
Loan Origination Commitments [Member]
Loan Applications in Process	$ 555,700
Loan Origination Commitments [Member] \| Maximum [Member]
Number of Days in Committment (Day)	60 days
Interest Rate Committed Loan Applications [Member]
Interest Rate Committed Loan Applications	$ 85,900

Note 20 - Fair Value of Finan_4

Note 20 - Fair Value of Financial Instruments - Financial Instruments Measured at Fair Value on a Recurring Basis (Details) - Fair Value, Recurring [Member] - USD ($) $ in Thousands		Jan. 31, 2023	Oct. 31, 2022
Total		$ 74,854	$ 111,300
Fair Value, Inputs, Level 2 [Member]
Mortgage loans held for sale	[1]	74,891	110,548
Total		74,854	111,300
Fair Value, Inputs, Level 2 [Member] \| Forward Contracts [Member]
Derivative Fair Value		(37)	752
Fair Value, Inputs, Level 3 [Member] \| Interest Rate Lock Commitments [Member]
Derivative Fair Value		$ 0	$ 0

[1]The aggregate unpaid principal balance was $74.5 million and $110.2 million at January 31, 2023 and October 31, 2022, respectively.

Note 20 - Fair Value of Finan_5

Note 20 - Fair Value of Financial Instruments - Changes in Fair Values Included in Income (Loss) (Details) - Financial Services Revenue Line Item [Member] - USD ($) $ in Thousands	3 Months Ended
	Jan. 31, 2023	Jan. 31, 2022
Loans Held for Sale [Member]
Change in fair value included in financial services revenue	$ 421	$ 1,982
Interest Rate Lock Commitments [Member]
Change in fair value included in financial services revenue	0	(645)
Forward Contracts [Member]
Change in fair value included in financial services revenue	$ (37)	$ 135

Note 20 - Fair Value of Finan_6

Note 20 - Fair Value of Financial Instruments - Fair Value of Notes (Details) - USD ($) $ in Thousands	Jan. 31, 2023	Oct. 31, 2022
Notes, Fair Value	$ 1,111,716	$ 1,108,253
Senior Secured Notes [Member] \| The 10.0% Senior Secured 1.75 Lien Notes due 2025 [Member]
Notes, Fair Value	164,842	165,844
Senior Secured Notes [Member] \| The 7.75% Senior Secured 1.125 Lien Notes due February 15, 2026 [Member]
Notes, Fair Value	243,308	240,393
Senior Secured Notes [Member] \| The 10.5% Senior Secured 1.25 Lien Notes due February 15, 2026 [Member]
Notes, Fair Value	284,665	272,966
Senior Secured Notes [Member] \| The 11.25% Senior Secured 1.5 Lien Notes due February 15, 2026 [Member]
Notes, Fair Value	158,955	162,566
Senior Notes [Member] \| The 13.5% 2026 Notes [Member]
Notes, Fair Value	96,523	94,282
Senior Notes [Member] \| The 5.0% 2040 Notes [Member]
Notes, Fair Value	45,881	55,654
Unsecured Senior Term Loan [Member] \| Senior Unsecured Term Loan Credit Facility Due 2027 [Member]
Notes, Fair Value	33,436	31,301
Senior Secured Term Loan [Member] \| The 10.0% Senior Secured 1.75 Lien Term Loans Due 2028 [Member]
Notes, Fair Value	84,106	85,247
Fair Value, Inputs, Level 1 [Member]
Notes, Fair Value	0	0
Fair Value, Inputs, Level 1 [Member] \| Senior Secured Notes [Member] \| The 10.0% Senior Secured 1.75 Lien Notes due 2025 [Member]
Notes, Fair Value	0	0
Fair Value, Inputs, Level 1 [Member] \| Senior Secured Notes [Member] \| The 7.75% Senior Secured 1.125 Lien Notes due February 15, 2026 [Member]
Notes, Fair Value	0	0
Fair Value, Inputs, Level 1 [Member] \| Senior Secured Notes [Member] \| The 10.5% Senior Secured 1.25 Lien Notes due February 15, 2026 [Member]
Notes, Fair Value	0	0
Fair Value, Inputs, Level 1 [Member] \| Senior Secured Notes [Member] \| The 11.25% Senior Secured 1.5 Lien Notes due February 15, 2026 [Member]
Notes, Fair Value	0	0
Fair Value, Inputs, Level 1 [Member] \| Senior Notes [Member] \| The 13.5% 2026 Notes [Member]
Notes, Fair Value	0	0
Fair Value, Inputs, Level 1 [Member] \| Senior Notes [Member] \| The 5.0% 2040 Notes [Member]
Notes, Fair Value	0	0
Fair Value, Inputs, Level 1 [Member] \| Unsecured Senior Term Loan [Member] \| Senior Unsecured Term Loan Credit Facility Due 2027 [Member]
Notes, Fair Value	0	0
Fair Value, Inputs, Level 1 [Member] \| Senior Secured Term Loan [Member] \| The 10.0% Senior Secured 1.75 Lien Term Loans Due 2028 [Member]
Notes, Fair Value	0	0
Fair Value, Inputs, Level 2 [Member]
Notes, Fair Value	692,815	0
Fair Value, Inputs, Level 2 [Member] \| Senior Secured Notes [Member] \| The 10.0% Senior Secured 1.75 Lien Notes due 2025 [Member]
Notes, Fair Value	164,842	0
Fair Value, Inputs, Level 2 [Member] \| Senior Secured Notes [Member] \| The 7.75% Senior Secured 1.125 Lien Notes due February 15, 2026 [Member]
Notes, Fair Value	243,308	0
Fair Value, Inputs, Level 2 [Member] \| Senior Secured Notes [Member] \| The 10.5% Senior Secured 1.25 Lien Notes due February 15, 2026 [Member]
Notes, Fair Value	284,665	0
Fair Value, Inputs, Level 2 [Member] \| Senior Secured Notes [Member] \| The 11.25% Senior Secured 1.5 Lien Notes due February 15, 2026 [Member]
Notes, Fair Value	0	0
Fair Value, Inputs, Level 2 [Member] \| Senior Notes [Member] \| The 13.5% 2026 Notes [Member]
Notes, Fair Value	0	0
Fair Value, Inputs, Level 2 [Member] \| Senior Notes [Member] \| The 5.0% 2040 Notes [Member]
Notes, Fair Value	0	0
Fair Value, Inputs, Level 2 [Member] \| Unsecured Senior Term Loan [Member] \| Senior Unsecured Term Loan Credit Facility Due 2027 [Member]
Notes, Fair Value	0	0
Fair Value, Inputs, Level 2 [Member] \| Senior Secured Term Loan [Member] \| The 10.0% Senior Secured 1.75 Lien Term Loans Due 2028 [Member]
Notes, Fair Value	0	0
Fair Value, Inputs, Level 3 [Member]
Notes, Fair Value	418,901	1,108,253
Fair Value, Inputs, Level 3 [Member] \| Senior Secured Notes [Member] \| The 10.0% Senior Secured 1.75 Lien Notes due 2025 [Member]
Notes, Fair Value	0	165,844
Fair Value, Inputs, Level 3 [Member] \| Senior Secured Notes [Member] \| The 7.75% Senior Secured 1.125 Lien Notes due February 15, 2026 [Member]
Notes, Fair Value	0	240,393
Fair Value, Inputs, Level 3 [Member] \| Senior Secured Notes [Member] \| The 10.5% Senior Secured 1.25 Lien Notes due February 15, 2026 [Member]
Notes, Fair Value	0	272,966
Fair Value, Inputs, Level 3 [Member] \| Senior Secured Notes [Member] \| The 11.25% Senior Secured 1.5 Lien Notes due February 15, 2026 [Member]
Notes, Fair Value	158,955	162,566
Fair Value, Inputs, Level 3 [Member] \| Senior Notes [Member] \| The 13.5% 2026 Notes [Member]
Notes, Fair Value	96,523	94,282
Fair Value, Inputs, Level 3 [Member] \| Senior Notes [Member] \| The 5.0% 2040 Notes [Member]
Notes, Fair Value	45,881	55,654
Fair Value, Inputs, Level 3 [Member] \| Unsecured Senior Term Loan [Member] \| Senior Unsecured Term Loan Credit Facility Due 2027 [Member]
Notes, Fair Value	33,436	31,301
Fair Value, Inputs, Level 3 [Member] \| Senior Secured Term Loan [Member] \| The 10.0% Senior Secured 1.75 Lien Term Loans Due 2028 [Member]
Notes, Fair Value	$ 84,106	$ 85,247

Note 20 - Fair Value of Finan_7

Note 20 - Fair Value of Financial Instruments - Fair Value of Notes (Details) (Parentheticals)	3 Months Ended	12 Months Ended
	Jan. 31, 2023	Oct. 31, 2022
The 10.0% Senior Secured 1.75 Lien Notes due 2025 [Member] \| Senior Secured Notes [Member]
Debt Instrument, Stated Interest Rate	10%	10%
Debt Instrument, Maturity Date	Nov. 15, 2025	Nov. 15, 2025
The 7.75% Senior Secured 1.125 Lien Notes due February 15, 2026 [Member] \| Senior Secured Notes [Member]
Debt Instrument, Stated Interest Rate	7.75%	7.75%
Debt Instrument, Maturity Date	Feb. 15, 2026	Feb. 15, 2026
The 10.5% Senior Secured 1.25 Lien Notes due February 15, 2026 [Member] \| Senior Secured Notes [Member]
Debt Instrument, Stated Interest Rate	10.50%	10.50%
Debt Instrument, Maturity Date	Feb. 15, 2026	Feb. 15, 2026
The 11.25% Senior Secured 1.5 Lien Notes due February 15, 2026 [Member] \| Senior Secured Notes [Member]
Debt Instrument, Stated Interest Rate	11.25%	11.25%
Debt Instrument, Maturity Date	Feb. 15, 2026	Feb. 15, 2026
The 13.5% 2026 Notes [Member] \| Senior Notes [Member]
Debt Instrument, Stated Interest Rate	13.50%	13.50%
Debt Instrument, Maturity Date	Feb. 01, 2026	Feb. 01, 2026
The 5.0% 2040 Notes [Member] \| Senior Notes [Member]
Debt Instrument, Stated Interest Rate	5%	5%
Debt Instrument, Maturity Date	Feb. 01, 2040	Feb. 01, 2040
Senior Unsecured Term Loan Credit Facility Due 2027 [Member] \| Unsecured Senior Term Loan [Member]
Debt Instrument, Maturity Date	Feb. 01, 2027	Feb. 01, 2027
The 10.0% Senior Secured 1.75 Lien Term Loans Due 2028 [Member] \| Senior Secured Term Loan [Member]
Debt Instrument, Maturity Date	Jan. 31, 2028	Jan. 31, 2028

Note 21 - Transactions With R_2

Note 21 - Transactions With Related Parties (Details Textual) - USD ($) $ in Millions	3 Months Ended
	Jan. 31, 2023	Jan. 31, 2022
Tavit Najarian [Member]
Related Party Transaction, Amounts of Transaction	$ 0.4	$ 0.2