Hovnanian Enterprises (HOV) 10-Q 7 Jun 17 2017 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Apr. 30, 2017	Jun. 01, 2017
Document Information [Line Items]
Entity Registrant Name	HOVNANIAN ENTERPRISES INC
Entity Central Index Key	357,294
Trading Symbol	hov
Current Fiscal Year End Date	--10-31
Entity Filer Category	Accelerated Filer
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Document Type	10-Q
Document Period End Date	Apr. 30, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q2
Amendment Flag	false
Common Class A [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding (in shares)		132,115,251
Common Class B [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding (in shares)		15,251,061

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Apr. 30, 2017	Oct. 31, 2016
Income taxes receivable – including net deferred tax benefits	$ 284,452	$ 283,633	[1]
Assets	2,133,596	2,354,956	[1]
Cash and cash equivalents	280,787	346,765
Restricted cash and cash equivalents	24,700	22,900
Liabilities	2,267,499	2,483,466	[1]
Preferred stock, $0.01 par value - authorized 100,000 shares; issued and outstanding 5,600 shares with a liquidation preference of $140,000 at April 30, 2017 and at October 31, 2016	135,299	135,299	[1]
Paid in capital – common stock	707,568	706,137	[1]
Accumulated deficit	(863,008)	(856,183)	[1]
Treasury stock – at cost - 11,760,763 shares of Class A common stock and 691,748 shares of Class B common stock at April 30, 2017 and October 31, 2016	(115,360)	(115,360)	[1]
Total stockholders’ equity deficit	(133,903)	(128,510)	[1]
Total liabilities and equity	2,133,596	2,354,956	[1]
Common Class A [Member]
Common stock	1,439	1,438	[1]
Common Class B [Member]
Common stock	159	159	[1]
Homebuilding [Member]
Property, plant and equipment, net	52,987	50,332	[1]
Prepaid expenses and other assets	46,212	46,762	[1]
Assets	1,729,606	1,874,093	[1]
Cash and cash equivalents	275,011	339,773	[1]
Restricted cash and cash equivalents	1,797	3,914	[1]
Sold and unsold homes and lots under development	892,401	899,082	[1]
Land and land options held for future development or sale	162,191	175,301	[1]
Consolidated inventory not owned	154,620	208,701	[1]
Total inventories	1,209,212	1,283,084	[1]
Investments in and advances to unconsolidated joint ventures	106,704	100,502
Receivables, deposits and notes, net	37,683	49,726	[1]
Accounts payable and other liabilities	311,958	369,228	[1]
Customers’ deposits	40,321	37,429	[1]
Liabilities from inventory not owned, net of debt issuance costs	116,728	150,179	[1]
Revolving credit facility	52,000	52,000	[1]
Notes payable and term loan, net of discount and debt issuance costs	1,569,375	1,605,758	[1]
Liabilities	2,170,422	2,311,021	[1]
Homebuilding [Member] | Nonrecourse Mortgages Secured By Inventory [Member] | Mortgages [Member]
Nonrecourse mortgages secured by inventory, net of debt issuance costs	66,365	82,115
Homebuilding [Member] | Nonrecourse Mortgages Secured by Operating Properties [Member] | Mortgages [Member]
Nonrecourse mortgages secured by inventory, net of debt issuance costs	13,675	14,312	[1]
Financial Services [Member]
Other assets	113,762	190,238
Assets	119,538	197,230
Cash and cash equivalents	5,776	6,992	[1]
Liabilities	$ 97,077	$ 172,445	[1]
[1]	Derived from the audited balance sheet as of October 31, 2016. See notes to condensed consolidated financial statements (unaudited).

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($) $ in Millions	Apr. 30, 2017	Oct. 31, 2016	[1]
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, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	400,000,000	400,000,000
Common stock, shares issued (in shares)	143,876,014	143,806,775
Common stock, shares held in Treasury (in shares)	11,760,763	11,760,763
Common Class B [Member]
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	60,000,000	60,000,000
Common stock, shares issued (in shares)	15,942,809	15,942,809
Common stock, shares held in Treasury (in shares)	691,748	691,748
[1]	Derived from the audited balance sheet as of October 31, 2016. See notes to condensed consolidated financial statements (unaudited).

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Apr. 30, 2017	Apr. 30, 2016	Apr. 30, 2017	Apr. 30, 2016
Total revenues		$ 585,935	$ 654,723	$ 1,137,944	$ 1,230,328
Inventory impairment loss and land option write-offs				5,137	21,350
Corporate general and administrative		16,071	12,598	31,727	28,919
Other interest	[1],[2]	22,297	24,084	44,924	45,309
Other operations		(95)	1,147	1,492	2,531
Total expenses		588,830	670,981	1,146,496	1,258,300
(Loss) gain on extinguishment of debt		(242)		7,404
Loss from unconsolidated joint ventures		(4,562)	(1,346)	(6,228)	(2,826)
Loss before income taxes		(7,699)	(17,604)	(7,376)	(30,798)
Tax provision (benefit)		(1,017)	(9,143)	(551)	(6,164)
Net loss		$ (6,682)	$ (8,461)	$ (6,825)	$ (24,634)
Loss per common share, basic (in dollars per share)		$ (0.05)	$ (0.06)	$ (0.05)	$ (0.17)
Weighted-average number of common shares outstanding, basic (in shares)		147,558	147,334	147,556	147,301
Loss per common share, assuming dilution (in dollars per share)		$ (0.05)	$ (0.06)	$ (0.05)	$ (0.17)
Weighted-average number of common shares outstanding, assuming dilution (in shares)		147,558	147,334	147,556	147,301
State and Local Jurisdiction [Member]
Tax provision (benefit)		$ 2,292	$ (758)	$ 2,274	$ 3,561
Domestic Tax Authority [Member]
Tax provision (benefit)		(3,309)	(8,385)	(2,825)	(9,725)
Homebuilding [Member]
Sale of homes		567,553	626,157	1,098,968	1,182,932
Land sales and other revenues		3,888	11,563	11,633	12,167
Total homebuilding		571,441	637,720	1,110,601	1,195,099
Cost of sales, excluding interest		475,440	536,050	920,467	1,000,196
Cost of sales interest		20,337	21,444	38,659	38,287
Inventory impairment loss and land option write-offs		1,953	9,669	5,137	21,350
Total cost of sales		497,730	567,163	964,263	1,059,833
Selling, general and administrative		45,467	56,371	89,875	103,875
Total homebuilding expenses		543,197	623,534	1,054,138	1,163,708
Total expenses		581,470	661,363	1,132,281	1,240,467
Financial Services [Member]
Financial services		14,494	17,003	27,343	35,229
Financial services		7,360	9,618	14,215	17,833
Total expenses		$ 7,360	$ 9,618	$ 14,215	$ 17,833
[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 $16.0 million and $12.2 million for the three months ended April 30, 2017 and 2016, respectively, and $29.3 million and $26.7 million for the six months ended April 30, 2017 and 2016, 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. This component of other interest was $6.3 million and $11.9 million for the three months ended April 30, 2017 and 2016, respectively, and $15.6 million and $18.6 million for the six months ended April 30, 2017 and 2016, respectively.

Condensed Consolidated Stateme5

Condensed Consolidated Statement of Equity (Unaudited) - 6 months ended Apr. 30, 2017 - USD ($) $ in Thousands	Common Stock [Member]Common Class A [Member]	Common Stock [Member]Common Class B [Member]	Preferred Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Treasury Stock [Member]	Total
Balance (in shares) at Oct. 31, 2016	132,046,012	15,251,061	5,600
Balance at Oct. 31, 2016	$ 1,438	$ 159	$ 135,299	$ 706,137	$ (856,183)	$ (115,360)	$ (128,510)	[1]
Stock options, amortization and issuances (in shares)	5,250
Stock options, amortization and issuances				231			231
Restricted stock amortization, issuances and forfeitures (in shares)	63,989
Restricted stock amortization, issuances and forfeitures	$ 1			1,200			1,201
Net loss					(6,825)		(6,825)
Balance (in shares) at Apr. 30, 2017	132,115,251	15,251,061	5,600
Balance at Apr. 30, 2017	$ 1,439	$ 159	$ 135,299	$ 707,568	$ (863,008)	$ (115,360)	$ (133,903)
[1]	Derived from the audited balance sheet as of October 31, 2016. See notes to condensed consolidated financial statements (unaudited).

Condensed Consolidated Stateme6

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Apr. 30, 2017	Apr. 30, 2016
Cash flows from operating activities:
Net loss	$ (6,825)	$ (24,634)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Depreciation	2,083	1,729
Compensation from stock options and awards	1,500	825
Amortization of bond discounts and deferred financing costs	9,348	6,106
Gain on sale and retirement of property and assets	(78)	(100)
Loss from unconsolidated joint ventures	6,228	2,826
Distributions of earnings from unconsolidated joint ventures	203
Gain on extinguishment of debt	(7,404)
Inventory impairment and land option write-offs	5,137	21,350
Deferred income tax benefit	(1,419)	(4,077)
(Increase) decrease in assets:
Origination of mortgage loans	(476,845)	(584,879)
Sale of mortgage loans	553,827	585,200
Restricted cash, receivables, prepaids, deposits and other assets	16,672	2,461
Inventories	68,735	(52,908)
State income tax payable	600	287
Customers’ deposits	2,892	3,758
Accounts payable, accrued interest and other accrued liabilities	(57,436)	10,869
Net cash provided by (used in) operating activities	117,218	(31,187)
Cash flows from investing activities:
Proceeds from sale of property and assets	86	115
Purchase of property, equipment and other fixed assets and acquisitions	(4,500)	(1,651)
Investments in and advances to unconsolidated joint ventures	(23,368)	(16,743)
Distributions of capital from unconsolidated joint ventures	10,735	5,065
Net cash used in investing activities	(19,761)	(13,093)
Cash flows from financing activities:
Proceeds from mortgages and notes	103,620	112,894
Payments related to mortgages and notes	(119,860)	(132,033)
Proceeds from model sale leaseback financing programs	9,113	14,910
Payments related to model sale leaseback financing programs	(10,931)	(13,691)
Proceeds from land bank financing programs	8,643	153,423
Payments related to land bank financing programs	(41,617)	(38,950)
Payments related to senior notes and senior amortizing notes	(33,327)	(175,040)
Borrowings from revolving credit facility		3,000
Net (payments) proceeds related to mortgage warehouse lines of credit	(75,471)	257
Deferred financing costs from land bank financing programs and note issuances	(3,605)	(4,581)
Net cash used in financing activities	(163,435)	(79,811)
Net decrease in cash and cash equivalents	(65,978)	(124,091)
Cash and cash equivalents balance, beginning of period	346,765	253,745
Cash and cash equivalents balance, end of period	280,787	129,654
Supplemental disclosure of cash flow:
Interest, net of capitalized interest (see Note 3 to the Condensed Consolidated Financial Statements)	47,362	47,987
Income taxes	267	(2,373)
Related to Mortgage Company [Member]
Cash flows from investing activities:
(Increase) decrease in restricted cash	(2,715)	(204)
Related to Letters of Credit [Member]
Cash flows from investing activities:
(Increase) decrease in restricted cash	$ 1	$ 325

Note 1 - Basis of Presentation

Note 1 - Basis of Presentation	6 Months Ended
	Apr. 30, 2017
Notes to Financial Statements
Basis of Presentation and Significant Accounting Policies [Text Block]	1. Basis of Presentation Hovnanian Enterprises, Inc. and Subsidiaries (the “ Company”, “we”, “us” or “our”) has reportable segments consisting of six 16 The accompanying unaudited Condensed Consolidated Financial Statements include our accounts and those of all wholly-owned subsidiaries after elimination of all significant intercompany balances and transactions. The accompanying unaudited Condensed Consolidated Financial Statements have been prepared in accordance with accounting principles generally accepted in the United States (“ GAAP”) for interim financial information and with the instructions to Form 10 10 X 10 October 31, 2016. not October 31, 2016 not Reclassifications In November 2016, ASU”) 2015 03, $24.5 $1.3 not $3.0 $20.2 11 2017 November 2016, 2015 15 835 30 2015 15” 2015 03. 2015 15 no

Note 2 - Stock Compensation

Note 2 - Stock Compensation	6 Months Ended
	Apr. 30, 2017
Notes to Financial Statements
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	2. Stock Compensation T he Company had total stock-based compensation expense of $1.0 $1.5 $0.9 $1.4 three six April 30, 2017, $0.7 $0.8 $0.7 three six April 30, 2016, three six April 30, 2017 $0.1 $0.2 . Included in total stock based compensation for the three six April 30, 2016 $2.1 no This income was slightly offset by the vesting of stock options of $0.1 $0.2 three six April 30, 2016.

Note 3 - Interest

Note 3 - Interest	6 Months Ended
	Apr. 30, 2017
Notes to Financial Statements
Home Building Interest [Text Block]	3. Interest Interest costs incurred, expensed and capitalized were: Three Months Ended April 30, Six Months Ended April 30, (In thousands) 2017 2016 2017 2016 Interest capitalized at beginning of period $ 94,438 $ 117,113 $ 96,688 $ 123,898 Plus interest incurred (1) 39,156 44,224 77,855 86,183 Less cost of sales interest expensed 20,337 21,444 38,659 38,287 Less other interest expensed (2)(3) 22,297 24,084 44,924 45,309 Less interest contributed to unconsolidated joint venture (4) - - - 10,676 Interest capitalized at end of period (5) $ 90,960 $ 115,809 $ 90,960 $ 115,809 ( 1 Data does not ( 2 Other interest expensed includes interest that doe s not not , which amounted to $16.0 $12.2 three April 30, 2017 2016, $29.3 $26.7 six April 30, 2017 2016, . Other interest also includes interest on completed homes , land in planning and fully developed lots without homes under construction , which does not $6.3 $11.9 three April 30, 2017 2016, $15.6 $18.6 six April 30, 2017 2016, ( 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 April 30, Six Months Ended April 30, (In thousands) 2017 2016 2017 2016 Other interest expensed $ 22,297 $ 24,084 $ 44,924 $ 45,309 Interest paid by our mortgage and finance subsidiaries 455 851 1,084 1,410 Decrease (increase) in accrued interest 591 (9,948 ) 1,354 1,268 Cash paid for interest, net of capitalized interest $ 23,343 $ 14,987 $ 47,362 $ 47,987 ( 4 Represents capitalized interest which was included as part of the assets contributed to the joint venture the Company entered into in November 2015, 17. no ( 5 Capitalized interest amounts are shown gross before all ocating any portion of impairments, if any, to capitalized interest.

Note 4 - Reduction of Inventory

Note 4 - Reduction of Inventory to Fair Value	6 Months Ended
	Apr. 30, 2017
Notes to Financial Statements
Inventory Impairments and Land Option Cost Write-offs [Text Block]	4. Reduction of Inventory to Fair Value We record impairment losses on inventories related to communities under development and held for future development when events and circumstances indicate that they may six April 30, 2017, 18.3% 19.8%. six April 30, 2016, 16.8% 18.5%. No may During the six April 30, 2017 2016, 381 478 or sale, respectively, for impairment indicators through preparation and review of detailed budgets or other market indicators of impairment. We performed detailed impairment calculations during the six April 30, 2017 2016 nine 20 $66.9 $89.0 six April 30, 2017 2016, three nine $45.8 $43.5 20%. $1.5 $4.2 one six $8.5 $21.1 three six April 30, 2017, $5.4 $15.1 four ten $16.7 $45.4 three six April 30, 2016, six April 30, 2017 six April 30, 2016 The Condensed Consolidated Statements of Operations line entitled “ Homebuilding: Inventory impairment loss and land option write-offs” also includes write-offs of options and approval, engineering and capitalized interest costs that we record when we redesign communities and/or abandon certain engineering costs and we do not not $0.4 $4.3 three April 30, 2017 2016, $0.9 $6.3 six April 30, 2017 2016, first 2017 first 2016. not three April 30, 2017 2016 478 2,263, 1,539 3,519 six April 30, 2017 2016, We decide to mothball (or stop development on) certain communities when we determine that the current performance does not estment at the time. When we decide to mothball a community, the inventory is reclassified on our Condensed Consolidated Balance Sheets from “Sold and unsold homes and lots under development” to “Land and land options held for future development or sale.” During the first 2017, not two two April 30, 2017 October 31, 2016, 25 29 $66.0 $74.4 $239.9 $296.3 From time to time we enter into option agreements that include specific performance requirements, whereby we are required to purchase a minimum number of lots. Because of our obligation to purchase these lots, for accounting purposes in accordance with Accounting Standards Codification (“ASC”) 360 20 40 38, April 30, 2017 October 31, 2016, no We sell and lease back certain of our model homes with the righ t to participate in the potential profit when each home is sold to a third 360 20 40 38, April 30, 2017 October 31, 2016, $76.5 $79.2 not $68.1 $69.7 not We have land banking a rrangements, whereby we sell our land parcels to the land bankers and they provide us an option to purchase back finished lots on a predetermined basis. Because of our options to repurchase these parcels, for accounting purposes, in accordance with ASC 360 20 40 38, April 30, 2017 October 31, 2016, $78.1 $129.5 not $48.6 $80.5 not

Note 5 - Variable Interest Enti

Note 5 - Variable Interest Entities	6 Months Ended
	Apr. 30, 2017
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, the Company will fund a stated deposit in consideration for the right, but not ligation, to purchase land or lots at a future point in time with predetermined terms. Under the terms of the option purchase contracts, many of the option deposits are not 810, may In compliance with ASC 810, not 810 April 30, 2017 October 31, 2016, not We will continue to secure land and lots using options, some of which are with VIEs. Including deposits on our unconsolidated VIEs, at April 30, 2017, $52.9 total purchase price of $980.8 not

Note 6 - Warranty Costs

Note 6 - Warranty Costs	6 Months Ended
	Apr. 30, 2017
Notes to Financial Statements
Product Warranty Disclosure [Text Block]	6. Warranty Costs General liability insurance for homebuilding companies and their suppliers and subcontractors is very difficult to obtain. The availability of general liability insurance is limited due to a de creased number of insurance companies willing to underwrite for the industry. In addition, those few insurers willing to underwrite liability insurance have significantly increased the premium costs. To date, we have been able to obtain general liability insurance but at higher premium costs with higher deductibles. Our subcontractors and suppliers have advised us that they have also had difficulty obtaining insurance that also provides us coverage. As a result, 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 six April 30, 2017 2016, $1.8 $2.0 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. This ac crual is expensed as selling, general and administrative costs. For homes delivered in fiscal 2017 2016, $20 2017 2016 $0.25 $5 2017 2016 $21 not three six April 30, 2017 2016 Three Months Ended April 30, Six Months Ended April 30, (In thousands) 2017 2016 2017 2016 Balance, beginning of period $ 118,013 $ 133,389 $ 121,144 $ 135,053 Additions – Selling, general and administrative 2,856 4,292 5,764 8,915 Additions – Cost of sales 3,515 4,539 7,002 7,921 Charges incurred during the period (7,177 ) (5,514 ) (16,703 ) (15,183 ) Changes to pre-existing reserves - - - - Balance, end of period $ 117,207 $ 136,706 $ 117,207 $ 136,706 Warranty accruals are based upon historical experience. We engage a third not Insurance claims paid by our insurance carriers, excluding insurance deductibles paid, were $0.2 $0.5 three April 30, 2017 2016, $0 .2 $3.7 six April 30, 2017 2016, first 2016, two

Note 7 - Commitments and Contin

Note 7 - Commitments and Contingent Liabilities	6 Months Ended
	Apr. 30, 2017
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 cash flows, and we are subject to extensive and complex laws and regulations that affect the development of land and home building, sales and customer financing processes, including zoning, density, building standards and mortgage financing. These laws and regulations often provide broad discretion to the administering governmental authorities. This can delay or increase the cost of development or homebuilding. We also are subject to a variety of local, state, federal and foreign laws and regulations co ncerning protection of health and the environment, including those regulating the emission or discharge of materials into the environment, the management of stormwater 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 any given community vary greatly according to the community site, the site’s environmental conditions and the present and former uses of the site. These environmental laws may may may In March 2013, EPA”) requesting information about our involvement in a housing redevelopment project in Newark, New Jersey that a Company entity undertook during the 1990s. August 2013, not may not April 2014 March 2017 . The Grandview at Riverwalk Port Imperial Condominium Association, Inc. filed a construction defect lawsuit against the Company and several of its affiliates, including K. Hovnanian at Port Imperial Urban Renewal II, LLC, K. Hovnanian Construction Manageme nt, Inc., K. Hovnanian Companies, LLC, K. Hovnanian Enterprises, Inc., K. Hovnanian North East, Inc. aka and/or dba K. Hovnanian Companies North East, Inc., K. Hovnanian Construction II, Inc., K. Hovnanian Cooperative, Inc., K. Hovnanian Development of New Jersey, Inc., and K. Hovnanian Holdings NJ LLC, as well as the project architect, the geotechnical engineers and various construction contractors for the project alleging various construction defects, design defects and geotechnical issues totaling approximately $41.3 1 2 The parties reached a settlement on the construction defect issues prior to trial, but attempts to settle the subsidence, building classification issue and Consumer Fraud Act claims were unsuccessful. The trial commenced on April 17, 2017 third June 1, 2017, $3 $9 $0 $9 may The Condominium Association of a second as well as other design professionals and contractors asserting similar claims for construction defects, design defects and geotechnical issues Plaintiff in this case asserts damages of approximately $70 January 2018. not We anticipate that increasingly stringent requirements will be imposed on developers and homebuilders in the future. Although we cannot reliably predict the extent of any effect these requirements may ng and expensive compliance programs and in substantial expenditures, which could cause delays and increase our cost of operations. In addition, our ability to obtain or renew permits or approvals and the continued effectiveness of permits already granted or approvals already obtained is dependent upon many factors, some of which are beyond our control, such as changes in policies, rules and regulations and their interpretations and application.

Note 8 - Restricted Cash and De

Note 8 - Restricted Cash and Deposits	6 Months Ended
	Apr. 30, 2017
Notes to Financial Statements
Cash and Cash Equivalents Disclosure [Text Block]	8. Restricted Cash and Deposits Cash represents cash deposited in checking accounts. Cash equivalents include certificates of deposit, Treasury bills and government money market funds with maturities of 90 may, April 30, 2017 October 31, 2016, $6.7 $9.4 Restricted cash and cash equivalents on the Condensed Consolidated Balance Sheets totaled $24.7 $22.9 April 30, 2017 October 31, 2016, includes cash collateralizing our letter of credit agreements and facilities as discussed in Note 10. 1 $0.1 $20.9 April 30, 2017, $2.2 $15.1 October 31, 2016, 2 $2.0 April 30, 2017 $3.9 October 31, 2016 Total 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 - Mortgage Loans Held fo

Note 9 - Mortgage Loans Held for Sale	6 Months Ended
	Apr. 30, 2017
Notes to Financial Statements
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]	9. Mortgage Loans Held for Sale Our mortgage banking subsidiary 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 consist primarily of single-family residential loans collateralized by the underlying property. We have elected the fair value option to record loans held for sale and therefore these loans are recorded at fair value with the changes in the value recognized in the Condensed Consolidated Statements of Operations in “Revenues: Financial services.” We currently use forward sales of mortgage-backed securities (“MBS”), interest rate commitments from borrowers and mandatory and/or best efforts forward commitments to sell loans to third not At April 30, 2017 October 31, 2016, $ 72.0 $147.4 10 may not April 30, 2017 2016, 94 132 not The activity in our loan origination reserves during the three six April 30, 2017 2016 Three Months Ended April 30, Six Months Ended April 30, (In thousands) 2017 2016 2017 2016 Loan origination reserves, beginning of period $ 5,077 $ 8,028 $ 8,137 $ 8,025 Provisions for losses during the period 45 117 79 158 Adjustments to pre-existing provisions for losses from changes in estimates (1,340 ) 161 (4,434 ) 123 Loan origination reserves, end of period $ 3,782 $ 8,306 $ 3,782 $ 8,306

Note 10 - Mortgages and Notes P

Note 10 - Mortgages and Notes Payable	6 Months Ended
	Apr. 30, 2017
Notes to Financial Statements
Line of Credit [Text Block]	10. Mortgage s and Notes Payable We had nonrecourse mortgage loans for certain communities totaling $66.4 $82.1 April 30, 2017 October 31, 2016, $192.7 $201.8 5.1% 4.9% April 30, 2017 October 31, 2016, $13.7 $14.3 April 30, 2017 October 31, 2016, 8.8% April 30, 2017 October 31, 2016, April 30, 2017, October 31 $0.7 2017, $1.4 2018, $1.5 2019, $1.7 2020, $1.8 2021 $6.6 2021. In June 2013, K. Hovnanian”), as borrower, and we and certain of our subsidiaries, as guarantors, entered into a five $75.0 not 8.0% 2019, 11. not two first April 30, 2017 $52.0 $15.4 October 31, 2016, $52.0 $17.9 April 30, 2017, In addition to the Credit Facility, we have certain stand –alone cash collateralized letter of credit agreements and facilities under which there was a total of $1.7 April 30, 2017 October 31, 2016, April 30, 2017 October 31, 2016, $1.7 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 and related servicing rights are sold in the secondary mortgage market within a short period of time. In certain instances, we retain the servicing rights for a small amount of loans. Our secured Master Repurchase Agreement with JPMorgan Chase Bank, N.A. (“Chase Master Repurchase Agreement”), which was amended on January 31, 2017 January 30, 2018, $50.0 1.0% April 30, 2017, 2.5% 2.63% April 30, 2017 October 31, 2016, $27.8 $44.1 K. Hovnanian Mortgage has another secured Master Repurchase Agreement with Customers Bank (“ Customers Master Repurchase Agreement”), which was amended on February 17, 2017, $50.0 February 16, 2018. 2.5% 5.25% April 30, 2017 October 31, 2016, $27.8 $38.8 K. Hovnanian Mortgage had a third $50.0 February 21, 2017. not no April 30, 2017. October 31, 2016 $32.9 K. Hovnanian Mortgage also has a secured Master Repurchase Agreement with Comerica Bank (“Comerica Master Repurchase Agreement”), which was amended on December 23, 2016 December 22, 2017. $50.0 0.25%, 2.5%. April 30, 2017 October 31, 2016, $14.5 $29.8 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 April 30, 2017,

Note 11 - Senior Notes and Term

Note 11 - Senior Notes and Term Loan	6 Months Ended
	Apr. 30, 2017
Notes to Financial Statements
Long-term Debt [Text Block]	11. Senior Notes and Term Loan Senior Notes and Term Loan balances as of April 30, 2017 October 31, 2016, (In thousands) April 30, 2017(1)(2) October 31, 2016(1)(2) Senior Secured Term Loan, net of debt issuance costs $ 72,412 $ 72,646 Senior Secured Notes: 7.25% Senior Secured First Lien Notes due October 15, 2020 $ 570,561 $ 569,641 10.0% Senior Secured Second Lien Notes due October 15, 2018 (net of discount) 69,724 68,951 9.125% Senior Secured Second Lien Notes due November 15, 2020 143,541 143,337 9.5% Senior Secured Notes due November 15, 2020 74,245 74,140 2.0% Senior Secured Notes due November 1, 2021 (net of discount) 53,040 53,022 5.0% Senior Secured Notes due November 1, 2021 (net of discount) 132,852 131,998 Total Senior Secured Notes, net of debt issuance costs $ 1,043,963 $ 1,041,089 Senior Notes: 7.0% Senior Notes due January 15, 2019 $ 131,721 $ 148,800 8.0% Senior Notes due November 1, 2019 233,875 247,348 Total Senior Notes, net of debt issuance costs $ 365,596 $ 396,148 11.0% Senior Amortizing Notes due December 1, 2017, net of debt issuance costs $ 3,938 $ 6,152 Senior Exchangeable Notes due December 1, 2017, net of debt issuance costs $ 52,395 $ 57,298 ( 1 Notes payable and term loan” on our Condensed Consolidated Balance Sheets as of April 30, 2017 October 31, 2016 $31.1 $32.4 ( 2 1, 2015 03 November 2016. 2017 $20.2 October 31, 2016, April 30, 2017 $17.8 General Except for K. Hovnanian, the issuer of the notes, our home mortgage subsidiaries, joint ventures and subsidiaries holding interests in our joint ventures and certain of our title insurance subsidiaries, we and each of our subsidiaries are guarantors of the senior secured term loan and senior secured, senior, senior amortizing and senior exchangeable notes outstanding at April 30, 2017 ( 5.0% 2021 “5.0% 2021 2.0% 2021 “2.0% 2021 5.0% 2021 “2021 9.5% 2020 2021 not The Term Loan Credit Agreement (defined below) and the indentures governing the notes outstan ding at April 30, 2017 not may not January 15, 2021 ( no February 15, 2021 ( not April 30, 2017, Under the terms of our debt agreements, we have the right to make certain redemptions and prepayments and, depending on market conditions and covenant restrictions, may time. We also continue to evaluate our capital structure and may If our consolidated fixed charge coverage ratio, as defined in the agreements governing our debt instruments (other than the senior exchangeable notes discussed b elow), is less than 2.0 1.0, not 7.625% not As a result of our evaluation of our geographic operating footprint as it relates to our strategic objectives, we decided to exit the Minneapolis, MN and Raleigh, NC markets, and in the third 2016, Any other liquidity-enhancing transaction will depend on identifying counterparties , negotiation of documentation and applicable closing conditions and any required approvals. Due to covenant restrictions in our debt instruments, we are currently limited in the amount of debt we can incur that does not Fiscal 2017 During the six April 30, 2017, $17.5 7.0% 2019, $14.0 8.0% 2019 6,925 below under "Units") representing $6.9 $30.8 $7.8 $0.4 9.5% fourth 2016. Secured Obligations Our $75.0 Term Loan Facility”) has a maturity of August 1, 2019 ( 7.0% 2019 “7.0% October 15, 2018, October 15, 2018, 7.0% January 15, 2021, October 15, 2018) 7.0% 6.0%, September 8, 2018, may February 1, 2019 1.0% February 1, 2019 Our 10.0% 10.0% October 15, 2018, 10.0% February 15 August 15 February 15, 2017, February 1 August 1, may 10.0% July 15, 2018 100% July 15, 2018, may 10.0% 100% may 35% 10.0% July 15, 2018 110.00% Our 9.5% s (the “9.5% November 15, 2020, 9.50% February 15 August 15 February 15, 2017, February 1 August 1, may 9.5% November 15, 2018 100% November 15, 2018, may 9.5% 100% may 35% 9.5% November 15, 2018 109.50% All of K. Hovnanian ’s obligations under the Term Loan Facility and the 10.0% first 9.125% 10.0% 10.0% second 9.125% 9.5% 9.5% first 2021 The 5.0% 2021 2.0% 2021 e same terms other than with respect to interest rate and related redemption provisions, and vote together as a single class. The 2021 100.0% 1% The guarantees of the JV Holdings Secured Group with respect to the 2021 9.5% first n substantially all of the assets of the members of the JV Holdings Secured Group. As of April 30, 2017, 1 $86.3 2 $146.5 not may 3 $89.9 April 30, 2017; not not 2021 not K. Hovnanian also has outstanding 7.25% Senior Secured First Lien Notes due 2020 9.125% 2020 "9.125% "2020 may 103.625% October 15, 2016, 101.813% October 15, 2017 100% October 15, 2018. may 9.125% 104.563% November 15, 2016, 102.281% November 15, 2017 100% November 15, 2018. first 9.125% 10.0% second At April 30, 2017, constituted collateral securing the Term Loan Facility, the 2020 10.0% $564.3 not may 2020 10.0% $190.4 April 30, 2017, $1.7 Senior Notes K. H ovnanian’s 7.0% 2019 101.75% January 15, 2017 100% January 15, 2018. K. Hovnanian ’s 8.0% 2019 August 1, 2019 100% August 1, 2019, may 100% Units On October 2, 2012, $100,000,000 6.0% Units”) (equivalent to 100,000 $1,000 1 zero December 1, 2017 ( no $768.51 $1,000 2 December 1, 2017 ( $231.49 11.0% December 1, 2017. may may Each Senior Exchangeable Note had an initial principal amount of $768.51 $1,000 5.17% may 5:00 December 1, 2017. 185.5288 $1,000 $5.39 April 30, 2017, 18,305 3.4 first 2013. September 2016, 20,823 $20.6 November 2016, 6,925 $6.9 On each June 1 December 1 ( installment payment date”), K. Hovnanian will pay holders of Senior Amortizing Notes equal semi-annual cash installments of $30.00 June 1, 2013 $39.83 6.0% $1,000 11.0%

Note 12 - Per Share Calculation

Note 12 - Per Share Calculation	6 Months Ended
	Apr. 30, 2017
Notes to Financial Statements
Earnings Per Share [Text Block]	12. Per Share Calculation Basic earnings per share is computed by dividing net income (loss) (the “numerator”) by the weighted-average number of common shares outstanding, adjusted for nonvested shares of restricted stock (the “denominator”) for the period. Computing diluted earnings per share is similar to computing basic earnings per share, except that the denominator is increased to include the dilutive effects of options and nonvested shares of restricted stock, as well as common shares issuable upon exchange of our Senior Exchangeable Notes issued as part of our 6.0% All outstanding nonvested shares that contain nonforfeitable rights to dividends or dividend equivalents that participate in undistributed earnings with common stock are considered participating securi ties and are included in computing earnings per share pursuant to the two two There were no buted to nonvested stock and outstanding options to purchase common stock for the three six April 30, 2017 2016. three six April 30, 2017, 10.0 10.1 2012 For both the three six April 30, 2016, 15.2 In addition, shares related to out-of-the money stock options that could potentially dilute basic earnings per share in the future that were not 4.7 the three six April 30, 2017 6.4 three six April 30, 2016

Note 13 - Preferred Stock

Note 13 - Preferred Stock	6 Months Ended
	Apr. 30, 2017
Notes to Financial Statements
Preferred Stock [Text Block]	1 3 . Preferred Stock On July 12, 2005, 5,600 7.625% $25,000 not 7.625%. not 1/1000th three six April 30, 2017 2016, not not

Note 14 - Common Stock

Note 14 - Common Stock	6 Months Ended
	Apr. 30, 2017
Notes to Financial Statements
Common Stock [Text Block]	1 4 . Common Stock Each share of Class A Common Stock entitles its holder to one ten 110% one one On August 4, 2008, 382 382. 382 5% 50 382. one August 15, 2008. August 15, 2008, 4.9% 4.9% may August 15, 2018, December 5, 2008. December 5, 2008, 382 5% 5% 5% 5% 5% On July 3, 2001, rized a stock repurchase program to purchase up to 4 no three six April 30, 2017. April 30, 2017, may 0.5

Note 15 - Income Taxes

Note 15 - Income Taxes	6 Months Ended
	Apr. 30, 2017
Notes to Financial Statements
Income Tax Disclosure [Text Block]	1 5 . Income Taxes The total income tax benefit of $1. 1 $0.6 three six April 30, 2017, not The total income tax be nefit of $9.1 $6.2 three six April 30, 2016, 2002, T he permanent difference related to stock compensation arose because for tax purposes, the amount of stock compensation the Company expenses is the amount reported on an associate’s W- 2 first six 2016 not 2. 2016 10 2016, 2016. The federal specified liability loss refund of taxes in fiscal year 2002 was due to an amendment of a prior year’s tax return. The Internal Revenue Service issued the refund following the Company’s application therefor during the year ended October 31, 2016. 2012 172 1 ten October 31, 2002. February 2016 second 2016. Our state NOLs of $2.2 2017 2036. $301.7 2017 2021; $253.9 2022 2026; $1,327.3 2027 2031; $348.0 2032 2036. Deferred federal and state income tax assets primarily represent the deferred tax benefits arising from temporary differences between book and tax income which will b e recognized in future years as an offset against future taxable income. If the combination of future years’ income (or loss) and the reversal of the timing differences results in a loss, such losses can be carried forward to future years. In accordance with ASC 740, 740 not” As of October 31, 2014, not fourth 2014. As expected at the time of that conclusion, our earnings have continued to improve such that we have not not three April 30, 2017. 740, one no three not $628 April 30, 2017 The following is a discussion of the significant estimates and assumptions we used for our analysis of deferred taxes and our determination of the valuation allowance to record. The realization of our DTA is not ome. As discussed above, we projected pretax income based on our recent three 2017. 2017 2017 19 We considered all available positive and negative evidence to determine whether, based on the weight of that evidence, an add itional valuation allowance for our DTAs was necessary in accordance with ASC 740. ermining that it is more likely than not not 1. Recent financial results that put us in a cumulative three April 30, 2017. ( 2. Our ability to schedule the use of most DTAs related to temporary differences. (Positive Objective Evidence) 3. In the fourth 2016, 2017 $20 4. We incurred pre-tax losses during the housing market decline and the slower than expected housing market recovery. (Negative Objective Evidence) 5. We exited two two 6. Evidence of a sustained recovery in the housing markets in which we operate, supported by economic data showing housing starts, homebuilding volume and prices all increasing and forecasted to continue to increase. (Positive Subjective Evidence) 7. As noted in our Management ’s Discussion and Analysis of Financial Condition and Results of Operations (“MD&A”) under Item 2, 2013 2014 not 8. The historical cyclicality of the U.S. housing market, a more restrictive mortgage lending environment compared to before the housing downturn, the uncertainty of the overall US economy and government policies and consumer confidence, all or any of which could continue to hamper a faster, stronger recovery of the housing market. (Negative Subjective Evidence) After considering the timing of when existing DTAs will be expensed for tax purposes, we will be required to gen erate minimum taxable income of approximately $275 19 not, April 30, 2017, not .

Note 16 - Operating and Reporti

Note 16 - Operating and Reporting Segments	6 Months Ended
	Apr. 30, 2017
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	1 6 . Operating and Reporting Segments Our operating segments are components of our business for which discrete financial information is available and reviewed regularly by the chief operating decision maker, our Chief Executive Officer, to evaluate performance and make operating decisions. Based on this criteria, each of our communities qualifies as an operating segment, and therefore, it is impractical to provide segment disclosures for this many segments. As such, we have aggregated the homebuilding operating segments into six Our homebuilding operating segments are aggregated into reportable segments based primarily upon geographic proximity, similar regulatory environments, land acquisition characteristics and similar methods used to construct and sell homes. Our reportable segments consist of the following six 2016, third 2016, Homebuilding: ( 1 Nor theast (New Jersey and Pennsylvania) ( 2 Mid-Atlantic (Delaware, Maryland, Virginia, Washington D.C. and West Virginia) ( 3 Midwest (Illinois and Ohio) ( 4 Southeast (Florida, Georgia and South Carolina) ( 5 Southwest (Arizona and Texas) ( 6 West (California) Financial Services Operations of the Company ’s 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 Company’s Financial Services segment include mortgage banking and title services provided to the homebuilding operations’ customers. We do not Corporate and unallocated primarily represents operations at our headquarters in Red Bank, New Jersey. This includes our executive offices, information services, human resources, corporate accounting, training, treasury, process redesign, internal audit, construction services, and administration of insurance, quality and safety. It also includes interest income and interest expense resulting from interest incurred that cannot be capitalized in inventory in the Homebuilding segments, as well as the gains or losses on extinguishment of debt from any debt repurchases or exchanges. Eval uation of segment performance is based primarily on operating earnings from continuing operations before provision for income taxes (“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 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 selling, general and administrative expenses incurred by the Financial Services segment. Oper ational results of each segment are not Financial information relating to the Company ’s segment operations was as follows: Three Months Ended April 30, Six Months Ended April 30, (In thousands) 2017 2016 201 7 201 6 Revenues: Northeast $ 45,950 $ 54,046 $ 104,525 $ 126,550 Mid-Atlantic 100,600 89,987 200,826 183,807 Midwest 42,019 84,631 85,721 176,551 Southeast 56,635 51,298 113,219 90,550 Southwest 225,255 276,735 408,664 481,060 West 100,843 81,095 197,374 136,673 Total homebuilding 571,302 637,792 1,110,329 1,195,191 Financial services 14,494 17,003 27,343 35,229 Corporate and unallocated 139 (72 ) 272 (92 ) Total revenues $ 585,935 $ 654,723 $ 1,137,944 $ 1,230,328 (Loss) income before income taxes: Northeast $ (2,722 ) $ (6,684 ) $ (1,816 ) $ (3,950 ) Mid-Atlantic 918 1,072 4,800 3,694 Midwest (3,170 ) (23 ) (2,458 ) (5,582 ) Southeast 428 (7,255 ) 134 (9,089 ) Southwest 19,785 18,491 31,708 34,860 West 2,317 (4,318 ) 1,563 (10,286 ) Homebuilding income before income taxes 17,556 1,283 33,931 9,647 Financial services 7,134 7,385 13,128 17,396 Corporate and unallocated (1) (32,389 ) (26,272 ) (54,435 ) (57,841 ) Loss before income taxes $ (7,699 ) $ (17,604 ) $ (7,376 ) $ (30,798 ) ( 1 Corporate and unallocated for the three April 30, 2017 $16.1 $16.0 $0.2 $0.1 six April 30, 2017 $31.7 $29.3 $7.4 $0.8 (In thousands) April 30, 2017 October 31, 2016 Assets: Northeast $ 196,796 $ 219,363 Mid-Atlantic 290,279 292,899 Midwest 103,805 111,596 Southeast 236,085 226,124 Southwest 337,646 341,472 West 207,773 269,400 Total homebuilding 1,372,384 1,460,854 Financial services 119,538 197,230 Corporate and unallocated(1) 641,674 696,872 Total assets $ 2,133,596 $ 2,354,956 ( 1 $284.5 $283.6 April 30, 2017 October 31, 2016,

Note 17 - Investments in Uncons

Note 17 - Investments in Unconsolidated Homebuilding and Land Development Joint Ventures	6 Months Ended
	Apr. 30, 2017
Notes to Financial Statements
Equity Method Investments and Joint Ventures Disclosure [Text Block]	1 7 . 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. Our homebuilding joint ventures are generally entered into with third third third In November 2015, thballed by the Company, but on which construction by the joint venture has now begun. Upon formation of the joint venture, the Company received $25.7 third 2016, eight one $29.8 first 2017, one three $11.2 The tab les 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. (Dollars in thousands) April 30, 2017 Homebuilding Land Development Total Assets: Cash and cash equivalents $ 44,927 $ 162 $ 45,089 Inventories 625,716 9,941 635,657 Other assets 28,847 - 28,847 Total assets $ 699,490 $ 10,103 $ 709,593 Liabilities and equity: Accounts payable and accrued liabilities $ 97,887 $ 473 $ 98,360 Notes payable 289,791 1,490 291,281 Total liabilities 387,678 1,963 389,641 Equity of: Hovnanian Enterprises, Inc. 89,904 3,238 93,142 Others 221,908 4,902 226,810 Total equity 311,812 8,140 319,952 Total liabilities and equity $ 699,490 $ 10,103 $ 709,593 Debt to capitalization ratio 48 % 15 % 48 % (Dollars in thousands) October 31, 2016 Homebuilding Land Development Total Assets: Cash and cash equivalents $ 48,542 $ 1,478 $ 50,020 Inventories 516,947 11,010 527,957 Other assets 25,865 - 25,865 Total assets $ 591,354 $ 12,488 $ 603,842 Liabilities and equity: Accounts payable and accrued liabilities $ 72,302 $ 1,812 $ 74,114 Notes payable 214,911 2,261 217,172 Total liabilities 287,213 4,073 291,286 Equity of: Hovnanian Enterprises, Inc. 88,379 3,220 91,599 Others 215,762 5,195 220,957 Total equity 304,141 8,415 312,556 Total liabilities and equity $ 591,354 $ 12,488 $ 603,842 Debt to capitalization ratio 41 % 21 % 41 % As of April 30, 2017 October 31, 2016, $13.6 $8.9 unconsolidated joint ventures. These amounts were included in the “Accounts payable and accrued liabilities” balances in the tables above. On our Condensed Consolidated Balance Sheets, our “Investments in and advances to unconsolidated joint ventures” amounted to $106.7 $100.5 April 30, 2017 October 31, 2016, For the Three Months Ended April 30, 2017 (In thousands) Homebuilding Land Development Total Revenues $ 86,556 $ 1,658 $ 88,214 Cost of sales and expenses (87,957 ) (1,841 ) (89,798 ) Joint venture net loss $ (1,401 ) $ (183 ) $ (1,584 ) Our share of net loss $ (4,583 ) $ (92 ) $ (4,675 ) For the Three Months Ended April 30, 2016 (In thousands) Homebuilding Land Development Total Revenues $ 25,760 $ 521 $ 26,281 Cost of sales and expenses (31,480 ) (96 ) (31,576 ) Joint venture net (loss) income $ (5,720 ) $ 425 $ (5,295 ) Our share of net (loss) income $ (1,353 ) $ 213 $ (1,140 ) For the Six Months Ended April 30, 2017 (In thousands) Homebuilding Land Development Total Revenues $ 151,493 $ 2,860 $ 154,353 Cost of sales and expenses (155,183 ) (2,823 ) (158,006 ) Joint venture net (loss) income $ (3,690 ) $ 37 $ (3,653 ) Our share of net (loss) income $ (6,264 ) $ 18 $ (6,246 ) For the Six Months Ended April 30, 2016 (In thousands) Homebuilding Land Development Total Revenues $ 46,026 $ 1,617 $ 47,643 Cost of sales and expenses (55,659 ) (1,319 ) (56,978 ) Joint venture net (loss) income $ (9,633 ) $ 298 $ (9,335 ) Our share of net (loss) income $ (2,849 ) $ 149 $ (2,700 ) “ (Loss) income from unconsolidated joint ventures” is reflected as a separate line in the accompanying Condensed Consolidated Statements of Operations and reflects our proportionate share of the income or loss of these unconsolidated homebuilding and land development joint ventures. The difference between our share of the income or loss from these unconsolidated joint ventures in the tables above compared to the Condensed Consolidated Statements of Operations is due primarily to the reclassification of the intercompany portion of management fee income from certain joint ventures and the deferral of income for lots purchased by us from certain joint ventures. To compensate us for the administrative services we provide as the manager of certain joint ventures we receive a management fee based on a percentage of the applicable joint venture’s revenues. These management fees, which totaled $3.0 $1.1 three April 30, 2017 2016, $5.1 $1.9 six April 30, 2017 2016, In determining whether or not Typically, our unconsolidated joint ventures obtain separate pro ject specific mortgage financing. The amount of financing is generally targeted to be no 50% 48%. 810 10 not not

Note 18 - Recent Accounting Pro

Note 18 - Recent Accounting Pronouncements	6 Months Ended
	Apr. 30, 2017
Notes to Financial Statements
Description of New Accounting Pronouncements Not yet Adopted [Text Block]	1 8 . Recent Accounting Pronouncements In May 2014, No. 2014 09, 606 2014 09” 2014 09 1 2 3 4 5 2014 09 605, August 2015, 2015 14 one 2014 09, November 1, 2018. December 15, 2016. In August 2014, 2014 15, Disclosure of Uncertainties About an Entity’s Ability to Continue as a Going Concern” (“ASU 2014 15” one 2014 15 October 31, 2017. not 2014 15 In February 2016, 2016 02, Leases (Topic 842 2016 02” 2016 02 12 2016 02 November 1, 2019. In August 2016, No. 2016 15, Statement of Cash Flows (Topic 230 2016 15” 2016 15 2016 15 November 1, 2018. In October 2016, No. 2016 16, Income Taxes (Topic 740 2016 16” 2016 16 2016 16 November 1, 2018. In October 2016, No. 2016 17, Consolidation (Topic 810 2016 17” 2016 17 2016 17 November 1, 2017. In November 2016, No. 2016 18, Statement of Cash Flows (Topic 230 2016 18” 2016 18 2016 18 November 1, 2018.

Note 19 - Fair Value of Financi

Note 19 - Fair Value of Financial Instruments	6 Months Ended
	Apr. 30, 2017
Notes to Financial Statements
Fair Value Disclosures [Text Block]	19 . Fair Value of Financial Instruments ASC 820, Fair Value Measurements and Disclosures,” provides a framework for measuring fair value, expands disclosures about fair-value measurements and establishes a fair-value hierarchy which prioritizes the inputs used in measuring fair value summarized 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 measure d at fair value on a recurring basis are summarized below: (In thousands) Fair Value Hierarchy Fair Value at April 30, 2017 Fair Value at October 31, 2016 Mortgage loans held for sale (1) Level 2 $ 88,307 $ 165,077 Interest rate lock commitments Level 2 100 (80 ) Forward contracts Level 2 (306 ) 86 T otal $ 88,101 $ 165,083 ( 1 The aggregate unpaid principal balance was $82.6 $149.4 April 30, 2017 October 31, 2016, We elected the fair value option for our loans held for sale for mortgage loans originated subsequent to October 31, 2008, 825, The Financial Services segment had a pipeline of loan applications in pro cess of $541.3 April 30, 2017. $59.5 April 30, 2017. 60 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 managed by entering into MBS forward commitments, option contracts with investment banks, federally regulated bank affiliates and loan sales transactions with permanent investors meeting the segment’s credit standards. The segment’s risk, in the event of default by the purchaser, is the difference between the contract price and fair value of the MBS forward commitments and option contracts. At April 30, 2017, $32.0 June 21, 2017. The assets accounted for using the fair value option are initially measu red at fair value. Gains and losses from initial measurement and subsequent changes in fair value are recognized in the Financial Services segment’s income. The changes in fair values that are included in income are shown, by financial instrument and financial statement line item, below: Three Months Ended April 30, 2017 (In thousands) Mortgage Loans Held For Sale Interest Rate Lock Commitments Forward Contracts Changes in fair value included in net loss all reflected in financial services revenues $ 645 $ 109 $ (422 ) Three Months Ended April 30, 2016 (In thousands) Mortgage Loans Held For Sale Interest Rate Lock Commitments Forward Contracts Changes in fair value included in net loss all reflected in financial services revenues $ (1,178 ) $ (377 ) $ 593 Six Months Ended April 30, 2017 (In thousands) Mortgage Loans Held For Sale Interest Rate Lock Commitments Forward Contracts Changes in fair value included in net loss all reflected in financial services revenues $ (2,379 ) $ 179 $ (391 ) Six Months Ended April 30, 2016 (In thousands) Mortgage Loans Held For Sale Interest Rate Lock Commitments Forward Contracts Changes in fair value included in net loss all reflected in financial services revenues $ 3,829 $ 30 $ (550 ) The Company ’s assets measured at fair value on a nonrecurring basis are those assets for which the Company has recorded valuation adjustments and write-offs during the three six April 30, 2017 2016. Nonfinancial Assets Three Months Ended April 30, 2017 (In thousands) Fair Value Hierarchy Pre-Impairment Amount Total Losses Fair Value Sold and unsold homes and lots under development Level 3 $ 8,474 $ (1,549 ) $ 6,925 Land and land options held for future development or sale Level 3 $ - $ - $ - Three Months Ended April 30, 2016 (In thousands) Fair Value Hierarchy Pre-Impairment Amount Total Losses Fair Value Sold and unsold homes and lots under development Level 3 $ 15,710 $ (4,730 ) $ 10,980 Land and land options held for future development or sale Level 3 $ 1,012 $ (646 ) $ 366 Six Months Ended April 30, 2017 (In thousands) Fair Value Hierarchy Pre-Impairment Amount Total Losses Fair Value Sold and unsold homes and lots under development Level 3 $ 14,776 $ (4,136 ) $ 10,640 Land and land options held for future development or sale Level 3 $ 6,326 $ (81 ) $ 6,245 Six Months Ended April 30, 2016 (In thousands) Fair Value Hierarchy Pre-Impairment Amount Total Losses Fair Value Sold and unsold homes and lots under development Level 3 $ 44,238 $ (14,399 ) $ 29,839 Land and land options held for future development or sale Level 3 $ 1,169 $ (694 ) $ 475 We record impairment losses on inventories related to communities under development and held for future development when events and circumstances indicate that they may may $1.5 $4.2 three six April 30, 2017, $5.4 $15.1 three six April 30, 2016, 4 The fair value of our cash equivalents and restricted cash and cash equivalents approximates their carrying amount, based on Level 1 The fair value of our borrowings under the revolving credit and term loan facilities approximates their carrying amount b ased on level 2 2 $314.3 $251.7 April 30, 2017 October 31, 2016, The fair value of each of the senior secured notes (all series in the aggregate), the senior amortizing notes and the senior exchangeable notes is estimated based on third 3 $963.4 $4.0 $52.6 April 30, 2017. October 31, 2016, $883.0 $6.3 $55.2

Note 20 - Financial Information

Note 20 - Financial Information of Subsidiary Issuer and Subsidiary Guarantors	6 Months Ended
	Apr. 30, 2017
Notes to Financial Statements
Condensed Financial Statements [Text Block]	2 0 . Financial Information of Subsidiary Issuer and Subsidiary Guarantors Hovnanian Enterprises, Inc., the parent company (the “Parent”), is the issuer of publicly traded common stock and preferred stock, which is represented by depository shares. One of its wholly owned subsidiaries, K. Hovnanian Enterprises, Inc. (the “Subsidiary Issuer”), acts as a finance entity that, as of April 30, 2017, $1,067.0 $1,044.0 $368.5 $365.6 $4.0 $3.9 $52.6 6.0% $52.4 In addition to the Parent, each of the wholly owned subsidiaries of the Parent other than the Subsidiary Issuer (collectively, “ Notes Guarantors”), with the exception of our home mortgage subsidiaries, certain of our title insurance subsidiaries, joint ventures and subsidiaries holding interests in our joint ventures (collectively, the “Nonguarantor Subsidiaries”), have guaranteed fully and unconditionally, on a joint and several basis, the obligations of the Subsidiary Issuer to pay principal and interest under the senior secured notes (other than the 2021 9.5% 100% 2021 9.5% 11 The senior amortizing notes and senior exchangeable notes have been registered under the Securities Act of 19 33, 7.0% 2019, 8.0% 2019 11 not, not 7.0% 2019, 8.0% 2019 7.0% 2019, 8.0% 2019, 2020 10.0% not The following Condensed Consolidating Financial Statements present the results of operations, financial position and cash flows of (i) the Parent, (ii) the Subsidiary Issuer, (iii) the Notes Guarantors, (iv) the Nonguarantor Subsidiaries and (v) the eliminations to arrive at the information for Hovnanian Enterprises, Inc. on a consolidated basis. HOVNANIAN ENTERPRISES, INC. AND SUBSIDIARIES NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS CONDENSED CONSOLIDATING BALANCE SHEET APR IL 30, 2017 (In Thousands) Parent Subsidiary Issuer Guarantor Subsidiaries Nonguarantor Subsidiaries Eliminations Consolidated ASSETS: Homebuilding $ - $ 201,443 $ 1,133,656 $ 394,507 $ - $ 1,729,606 Financial services 20,377 99,161 119,538 Income taxes receivable 134,291 (43,308 ) 193,437 32 284,452 Intercompany receivable 1,249,183 14,076 (1,263,259 ) - Investments in and amounts due from consolidated subsidiaries 372,077 (372,077 ) - Total assets $ 134,291 $ 1,407,318 $ 1,719,547 $ 507,776 $ (1,635,336 ) $ 2,133,596 LIABILITIES AND EQUITY: Homebuilding, excluding Notes payable and term loan and Revolving credit facility $ 2,467 $ 129 $ 488,589 $ 57,862 $ - $ 549,047 Financial services 19,725 77,352 97,077 Notes payable and term loan and Revolving credit facility 1,617,889 3,001 485 1,621,375 Intercompany payable 155,137 1,108,125 (1,263,262 ) - Amounts due to consolidated subsidiaries 110,590 23,975 (134,565 ) - Stockholders ’ (deficit) equity (133,903 ) (234,675 ) 100,107 372,077 (237,509 ) (133,903 ) Total liabilities and equity $ 134,291 $ 1,407,318 $ 1,719,547 $ 507,776 $ (1,635,336 ) $ 2,133,596 HOVNANIAN ENTERPRISES, INC. AND SUB SIDIARIES NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS CONDENSED CONSOLIDATING BALANCE SHEET OCTOBER 31, 2016 (In Thousands) Parent Subsidiary Issuer Guarantor Subsidiaries Nonguarantor Subsidiaries Eliminations Consolidated ASSETS: Homebuilding $ - $ 271,216 $ 1,194,267 $ 408,610 $ - $ 1,874,093 Financial services 13,453 183,777 197,230 Income taxes receivable 115,940 (58,597 ) 226,258 32 283,633 Intercompany receivable 1,227,334 88,112 (1,315,446 ) - Investments in and amounts due from consolidated subsidiaries 4,914 437,628 (442,542 ) - Total assets $ 115,940 $ 1,444,867 $ 1,871,606 $ 680,531 $ (1,757,988 ) $ 2,354,956 LIABILITIES AND EQUITY: Homebuilding, excluding Notes payable and term loan and Revolving credit facility $ 3,506 $ 1,118 $ 565,163 $ 83,476 $ - $ 653,263 Financial services 13,338 159,107 172,445 Notes payable and term loan and Revolving credit facility 1,652,357 5,084 317 1,657,758 Intercompany payable 157,993 1,157,453 (1,315,446 ) - Amounts due to consolidated subsidiaries 82,951 (82,951 ) - Stockholders ’ (deficit) equity (128,510 ) (208,608 ) 130,568 437,631 (359,591 ) (128,510 ) Total liabilities and equity $ 115,940 $ 1,444,867 $ 1,871,606 $ 680,531 $ (1,757,988 ) $ 2,354,956 HOVNANIAN ENTERPRISES, INC. AND SU BSIDIARIES NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS THREE MONTHS ENDED APRIL 30, 201 7 (In Thousands) Parent Subsidiary Issuer Guarantor Subsidiaries Nonguarantor Subsidiaries Eliminations Consolidated Revenues: Homebuilding $ - $ - $ 483,942 $ 87,499 $ - $ 571,441 Financial services 2,749 11,745 14,494 Intercompany charges 23,218 (23,218 ) - Total revenues - 23,218 486,691 99,244 (23,218 ) 585,935 Expenses: Homebuilding 1,471 32,987 472,748 74,264 581,470 Financial services 1,760 5,600 7,360 Intercompany charges 23,218 (23,218 ) - Total expenses 1,471 32,987 497,726 79,864 (23,218 ) 588,830 Loss on extinguishment of debt (242 ) (242 ) I ncome (loss) from unconsolidated joint ventures 20 (4,582 ) (4,562 ) (Loss) income before income taxes (1,471 ) (10,011 ) (11,015 ) 14,798 - (7,699 ) State and federal income tax (benefit) provision (6,272 ) (8,354 ) 13,609 (1,017 ) Equity in (loss) income of consolidated subsidiaries (11,483 ) (14,886 ) 14,798 11,571 - Net (loss) income $ (6,682 ) $ (16,543 ) $ (9,826 ) $ 14,798 $ 11,571 $ (6,682 ) HOVNANIAN ENTERPRISES, INC. AND SUBSIDIARIES NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS THREE MONTHS ENDED APRIL 30, 201 6 (In Thousands) Parent Subsidiary Issuer Guarantor Subsidiaries Nonguarantor Subsidiaries Eliminations Consolidated Revenues: Homebuilding $ - $ - $ 523,418 $ 114,302 $ - $ 637,720 Financial services 2,676 14,327 17,003 Intercompany charges 26,567 (26,567 ) - Total revenues - 26,567 526,094 128,629 (26,567 ) 654,723 Expenses: Homebuilding (343 ) 33,396 525,553 102,757 661,363 Financial services 1,823 7,795 9,618 Intercompany charges 25,838 729 (26,567 ) - Total expenses (343 ) 33,396 553,214 111,281 (26,567 ) 670,981 Income from unconsolidated joint ventures 7 (1,353 ) (1,346 ) (Loss) income before income taxes 343 (6,829 ) (27,113 ) 15,995 - (17,604 ) State and federal income tax benefit (4,885 ) (8,410 ) 4,152 (9,143 ) Equity in (loss) income of consolidated subsidiaries (13,689 ) (13,562 ) 15,995 11,256 - Net (loss) income $ (8,461 ) $ (11,981 ) $ (15,270 ) $ 15,995 $ 11,256 $ (8,461 ) HOVNANIAN ENTERPRISES, INC. AND SUBSIDIARIES NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS SIX MONTHS ENDED APRIL 30, 201 7 (In Thousands) Parent Subsidiary Issuer Guarantor Subsidiaries Nonguarantor Subsidiaries Eliminations Consolidated Revenues: Homebuilding $ - $ - $ 939,314 $ 171,287 $ - $ 1,110,601 Financial services 5,247 22,096 27,343 Intercompany charges 46,158 (46,158 ) - Total revenues - 46,158 944,561 193,383 (46,158 ) 1,137,944 Expenses: Homebuilding 1,999 66,029 917,341 146,912 1,132,281 Financial services 3,473 10,742 14,215 Intercompany charges 46,158 (46,158 ) - Total expenses 1,999 66,029 966,972 157,654 (46,158 ) 1,146,496 Gain on extinguishment of debt 7,404 7,404 I ncome (loss) from unconsolidated joint ventures 36 (6,264 ) (6,228 ) (Loss) income before income taxes (1,999 ) (12,467 ) (22,375 ) 29,465 - (7,376 ) State and federal income tax (benefit) provision (22,813 ) (15,289 ) 37,551 (551 ) Equity in (loss) income of consolidated subsidiaries (27,639 ) (28,889 ) 29,465 27,063 - Net (loss) income $ (6,825 ) $ (26,067 ) $ (30,461 ) $ 29,465 $ 27,063 $ (6,825 ) HOVNANIAN ENTERPRISES, INC. AND SUBSIDIARIES NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS SIX MONTHS ENDED APRIL 30, 201 6 (In Thousands) Parent Subsidiary Issuer Guarantor Subsidiaries Nonguarantor Subsidiaries Eliminations Consolidated Revenues: Homebuilding $ - $ - $ 998,328 $ 196,771 $ - $ 1,195,099 Financial services 4,921 30,308 35,229 Intercompany charges 61,107 (61,107 ) - Total revenues - 61,107 1,003,249 227,079 (61,107 ) 1,230,328 Expenses: Homebuilding 1,597 69,207 992,173 177,490 1,240,467 Financial services 3,447 14,386 17,833 Intercompany charges 60,301 806 (61,107 ) - Total expenses 1,597 69,207 1,055,921 192,682 (61,107 ) 1,258,300 Income (loss) from unconsolidated joint ventures 23 (2,849 ) (2,826 ) (Loss) income before income taxes (1,597 ) (8,100 ) (52,649 ) 31,548 - (30,798 ) State and federal income tax (benefit) provision (19,435 ) (15,328 ) 28,599 (6,164 ) Equity in (loss) income of consolidated subsidiaries (42,472 ) (27,072 ) 31,548 37,996 - Net (loss) income $ (24,634 ) $ (19,844 ) $ (49,700 ) $ 31,548 $ 37,996 $ (24,634 ) HOVNANIAN ENTERPRISES, INC. AND SUBSIDIARIES NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS SIX MONTHS ENDED APRIL 30, 201 7 (In Thousands) Parent Subsidiary Issuer Guarantor Subsidiaries Nonguarantor Subsidiaries Eliminations Consolidated Cash flows from operating activities: Net (loss) income $ (6,825 ) $ (26,067 ) $ (30,461 ) $ 29,465 $ 27,063 $ (6,825 ) Adjustments to reconcile net (loss) income to net cash used in operating activities (17,958 ) (14,731 ) 168,583 15,212 (27,063 ) 124,043 Net cash (used in) provided by operating activities (24,783 ) (40,798 ) 138,122 44,677 - 117,218 Cash flows from investing activities: Proceeds from sale of property and assets 86 86 Purchase of property, equipment & other fixed assets and acquisitions (4,500 ) (4,500 ) Increase in restricted cash related to mortgage company (2,715 ) (2,715 ) Decrease in restricted cash related to letters of credit 1 1 Investments in and advances to unconsolidated joint ventures (240 ) (23,128 ) (23,368 ) Distributions of capital from unconsolidated joint ventures 27 10,708 10,735 Intercompany investing activities 7,043 (7,043 ) - Net cash provided by (used in) investing activities - 6,804 (4,387 ) (15,135 ) (7,043 ) (19,761 ) Cash flows from financing activities: Net payments related to mortgages and notes (3,116 ) (13,124 ) (16,240 ) Net proceeds from model sale leaseback financing programs 698 (2,516 ) (1,818 ) Net proceeds from land bank financing programs (27,176 ) (5,798 ) (32,974 ) Payments related to senior notes and senior amortizing notes (33,327 ) (33,327 ) Net proceeds related to mortgage warehouse lines of credit (75,471 ) (75,471 ) Deferred financing costs from land bank financing programs and note issuances (2,459 ) (973 ) (173 ) (3,605 ) Intercompany financing activities 24,783 (105,862 ) 74,036 7,043 - Net cash provided by (used in) financing activities 24,783 (35,786 ) (136,429 ) (23,046 ) 7,043 (163,435 ) Net (decrease) increase in cash - (69,780 ) (2,694 ) 6,496 - (65,978 ) Cash and cash equivalents balance, beginning of period 261,553 (395 ) 85,607 346,765 Cash and cash equivalents balance, end of period $ - $ 191,773 $ (3,089 ) $ 92,103 $ - $ 280,787 HOVNANIAN ENTERPRISES, INC. AND SUBSIDIARIES NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS SIX MONTHS ENDED APRIL 30, 201 6 (In Thousands) Parent Subsidiary Issuer Guarantor Subsidiaries Nonguarantor Subsidiaries Eliminations Consolidated Cash flows from operating activities: Net (loss) income $ (24,634 ) $ (19,844 ) $ (49,700 ) $ 31,548 $ 37,996 $ (24,634 ) Adjustments to reconcile net (loss) income to net cash used in operating activities (12,034 ) 22,078 120,711 (99,312 ) (37,996 ) (6,553 ) Net cash (used in) provided by operating activities (36,668 ) 2,234 71,011 (67,764 ) - (31,187 ) Cash flows from investing activities: Proceeds from sale of property and assets 94 21 115 Purchase of property, equipment & other fixed assets and acquisitions (1,620 ) (31 ) (1,651 ) Increase in restricted cash related to mortgage company (204 ) (204 ) Decrease in restricted cash related to letters of credit 325 325 Investments in and advances to unconsolidated joint ventures (130 ) (990 ) (15,623 ) (16,743 ) Distributions of capital from unconsolidated joint ventures (186 ) 1,087 4,164 5,065 Intercompany investing activities 80,160 (80,160 ) - Net cash (used in) provided by investing activities - 80,169 (1,429 ) (11,673 ) (80,160 ) (13,093 ) Cash flows from financing activities: Net payments related to mortgages and notes (13,649 ) (5,490 ) (19,139 ) Net proceeds from model sale leaseback financing programs 3,179 (1,960 ) 1,219 Net proceeds from land bank financing programs 90,425 24,048 114,473 Payments related to senior notes and senior amortizing notes (175,040 ) (175,040 ) Borrowings from revolving credit facility 3,000 3,000 Net proceeds related to mortgage warehouse lines of credit 257 257 Deferred financing costs from land bank financing programs and note issuances (3,380 ) (1,201 ) (4,581 ) Intercompany financing activities 36,668 (146,900 ) 30,072 80,160 - Net cash (used in) provided by financing activities 36,668 (172,040 ) (70,325 ) 45,726 80,160 (79,811 ) Net decrease in cash and cash equivalents - (89,637 ) (743 ) (33,711 ) - (124,091 ) Cash and cash equivalents balance, beginning of period 199,318 (4,800 ) 59,227 253,745 Cash and cash equivalents balance, end of period $ - $ 109,681 $ (5,543 ) $ 25,516 $ - $ 129,654

Note 21 - Transactions With Rel

Note 21 - Transactions With Related Parties	6 Months Ended
	Apr. 30, 2017
Notes to Financial Statements
Related Party Transactions Disclosure [Text Block]	2 1 . Transactions with Related Parties During the three April 30, 2017 2016, our Chairman of the Board of Directors and our Chief Executive Officer, provided services to the Company totaling $0.2 $0.4 six April 30, 2017 2016, $0.4 $0.7

Significant Accounting Policies

Significant Accounting Policies (Policies)	6 Months Ended
	Apr. 30, 2017
Accounting Policies [Abstract]
Basis of Accounting, Policy [Policy Text Block]	Hovnanian Enterprises, Inc. and Subsidiaries (the “ Company”, “we”, “us” or “our”) has reportable segments consisting of six 16 The accompanying unaudited Condensed Consolidated Financial Statements include our accounts and those of all wholly-owned subsidiaries after elimination of all significant intercompany balances and transactions. The accompanying unaudited Condensed Consolidated Financial Statements have been prepared in accordance with accounting principles generally accepted in the United States (“ GAAP”) for interim financial information and with the instructions to Form 10 10 X 10 October 31, 2016. not October 31, 2016 not
Reclassification, Policy [Policy Text Block]	Reclassifications In November 2016, ASU”) 2015 03, $24.5 $1.3 not $3.0 $20.2 11 2017 November 2016, 2015 15 835 30 2015 15” 2015 03. 2015 15 no

Note 3 - Interest (Tables)

Note 3 - Interest (Tables)	6 Months Ended
	Apr. 30, 2017
Notes Tables
Schedule of Real Estate Inventory, Capitalized Interest Costs [Table Text Block]	Three Months Ended April 30, Six Months Ended April 30, (In thousands) 2017 2016 2017 2016 Interest capitalized at beginning of period $ 94,438 $ 117,113 $ 96,688 $ 123,898 Plus interest incurred (1) 39,156 44,224 77,855 86,183 Less cost of sales interest expensed 20,337 21,444 38,659 38,287 Less other interest expensed (2)(3) 22,297 24,084 44,924 45,309 Less interest contributed to unconsolidated joint venture (4) - - - 10,676 Interest capitalized at end of period (5) $ 90,960 $ 115,809 $ 90,960 $ 115,809
Cash Paid for Interest Net of Capitalized Interest [Table Text Block]	Three Months Ended April 30, Six Months Ended April 30, (In thousands) 2017 2016 2017 2016 Other interest expensed $ 22,297 $ 24,084 $ 44,924 $ 45,309 Interest paid by our mortgage and finance subsidiaries 455 851 1,084 1,410 Decrease (increase) in accrued interest 591 (9,948 ) 1,354 1,268 Cash paid for interest, net of capitalized interest $ 23,343 $ 14,987 $ 47,362 $ 47,987

Note 6 - Warranty Costs (Tables

Note 6 - Warranty Costs (Tables)	6 Months Ended
	Apr. 30, 2017
Notes Tables
Schedule of Product Warranty Liability [Table Text Block]	Three Months Ended April 30, Six Months Ended April 30, (In thousands) 2017 2016 2017 2016 Balance, beginning of period $ 118,013 $ 133,389 $ 121,144 $ 135,053 Additions – Selling, general and administrative 2,856 4,292 5,764 8,915 Additions – Cost of sales 3,515 4,539 7,002 7,921 Charges incurred during the period (7,177 ) (5,514 ) (16,703 ) (15,183 ) Changes to pre-existing reserves - - - - Balance, end of period $ 117,207 $ 136,706 $ 117,207 $ 136,706

Note 9 - Mortgage Loans Held 31

Note 9 - Mortgage Loans Held for Sale (Tables)	6 Months Ended
	Apr. 30, 2017
Notes Tables
Allowance for Credit Losses on Financing Receivables [Table Text Block]	Three Months Ended April 30, Six Months Ended April 30, (In thousands) 2017 2016 2017 2016 Loan origination reserves, beginning of period $ 5,077 $ 8,028 $ 8,137 $ 8,025 Provisions for losses during the period 45 117 79 158 Adjustments to pre-existing provisions for losses from changes in estimates (1,340 ) 161 (4,434 ) 123 Loan origination reserves, end of period $ 3,782 $ 8,306 $ 3,782 $ 8,306

Note 11 - Senior Notes and Te32

Note 11 - Senior Notes and Term Loan (Tables)	6 Months Ended
	Apr. 30, 2017
Notes Tables
Schedule of Long-term Debt Instruments [Table Text Block]	(In thousands) April 30, 2017(1)(2) October 31, 2016(1)(2) Senior Secured Term Loan, net of debt issuance costs $ 72,412 $ 72,646 Senior Secured Notes: 7.25% Senior Secured First Lien Notes due October 15, 2020 $ 570,561 $ 569,641 10.0% Senior Secured Second Lien Notes due October 15, 2018 (net of discount) 69,724 68,951 9.125% Senior Secured Second Lien Notes due November 15, 2020 143,541 143,337 9.5% Senior Secured Notes due November 15, 2020 74,245 74,140 2.0% Senior Secured Notes due November 1, 2021 (net of discount) 53,040 53,022 5.0% Senior Secured Notes due November 1, 2021 (net of discount) 132,852 131,998 Total Senior Secured Notes, net of debt issuance costs $ 1,043,963 $ 1,041,089 Senior Notes: 7.0% Senior Notes due January 15, 2019 $ 131,721 $ 148,800 8.0% Senior Notes due November 1, 2019 233,875 247,348 Total Senior Notes, net of debt issuance costs $ 365,596 $ 396,148 11.0% Senior Amortizing Notes due December 1, 2017, net of debt issuance costs $ 3,938 $ 6,152 Senior Exchangeable Notes due December 1, 2017, net of debt issuance costs $ 52,395 $ 57,298

Note 16 - Operating and Repor33

Note 16 - Operating and Reporting Segments (Tables)	6 Months Ended
	Apr. 30, 2017
Notes Tables
Schedule of Segment Reporting Information, by Segment [Table Text Block]	(In thousands) April 30, 2017 October 31, 2016 Assets: Northeast $ 196,796 $ 219,363 Mid-Atlantic 290,279 292,899 Midwest 103,805 111,596 Southeast 236,085 226,124 Southwest 337,646 341,472 West 207,773 269,400 Total homebuilding 1,372,384 1,460,854 Financial services 119,538 197,230 Corporate and unallocated(1) 641,674 696,872 Total assets $ 2,133,596 $ 2,354,956
Operating Segments [Member]
Notes Tables
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Three Months Ended April 30, Six Months Ended April 30, (In thousands) 2017 2016 201 7 201 6 Revenues: Northeast $ 45,950 $ 54,046 $ 104,525 $ 126,550 Mid-Atlantic 100,600 89,987 200,826 183,807 Midwest 42,019 84,631 85,721 176,551 Southeast 56,635 51,298 113,219 90,550 Southwest 225,255 276,735 408,664 481,060 West 100,843 81,095 197,374 136,673 Total homebuilding 571,302 637,792 1,110,329 1,195,191 Financial services 14,494 17,003 27,343 35,229 Corporate and unallocated 139 (72 ) 272 (92 ) Total revenues $ 585,935 $ 654,723 $ 1,137,944 $ 1,230,328 (Loss) income before income taxes: Northeast $ (2,722 ) $ (6,684 ) $ (1,816 ) $ (3,950 ) Mid-Atlantic 918 1,072 4,800 3,694 Midwest (3,170 ) (23 ) (2,458 ) (5,582 ) Southeast 428 (7,255 ) 134 (9,089 ) Southwest 19,785 18,491 31,708 34,860 West 2,317 (4,318 ) 1,563 (10,286 ) Homebuilding income before income taxes 17,556 1,283 33,931 9,647 Financial services 7,134 7,385 13,128 17,396 Corporate and unallocated (1) (32,389 ) (26,272 ) (54,435 ) (57,841 ) Loss before income taxes $ (7,699 ) $ (17,604 ) $ (7,376 ) $ (30,798 )

Note 17 - Investments in Unco34

Note 17 - Investments in Unconsolidated Homebuilding and Land Development Joint Ventures (Tables)	6 Months Ended
	Apr. 30, 2017
Notes Tables
Equity Method Investments [Table Text Block]	(Dollars in thousands) April 30, 2017 Homebuilding Land Development Total Assets: Cash and cash equivalents $ 44,927 $ 162 $ 45,089 Inventories 625,716 9,941 635,657 Other assets 28,847 - 28,847 Total assets $ 699,490 $ 10,103 $ 709,593 Liabilities and equity: Accounts payable and accrued liabilities $ 97,887 $ 473 $ 98,360 Notes payable 289,791 1,490 291,281 Total liabilities 387,678 1,963 389,641 Equity of: Hovnanian Enterprises, Inc. 89,904 3,238 93,142 Others 221,908 4,902 226,810 Total equity 311,812 8,140 319,952 Total liabilities and equity $ 699,490 $ 10,103 $ 709,593 Debt to capitalization ratio 48 % 15 % 48 % (Dollars in thousands) October 31, 2016 Homebuilding Land Development Total Assets: Cash and cash equivalents $ 48,542 $ 1,478 $ 50,020 Inventories 516,947 11,010 527,957 Other assets 25,865 - 25,865 Total assets $ 591,354 $ 12,488 $ 603,842 Liabilities and equity: Accounts payable and accrued liabilities $ 72,302 $ 1,812 $ 74,114 Notes payable 214,911 2,261 217,172 Total liabilities 287,213 4,073 291,286 Equity of: Hovnanian Enterprises, Inc. 88,379 3,220 91,599 Others 215,762 5,195 220,957 Total equity 304,141 8,415 312,556 Total liabilities and equity $ 591,354 $ 12,488 $ 603,842 Debt to capitalization ratio 41 % 21 % 41 % For the Three Months Ended April 30, 2017 (In thousands) Homebuilding Land Development Total Revenues $ 86,556 $ 1,658 $ 88,214 Cost of sales and expenses (87,957 ) (1,841 ) (89,798 ) Joint venture net loss $ (1,401 ) $ (183 ) $ (1,584 ) Our share of net loss $ (4,583 ) $ (92 ) $ (4,675 ) For the Three Months Ended April 30, 2016 (In thousands) Homebuilding Land Development Total Revenues $ 25,760 $ 521 $ 26,281 Cost of sales and expenses (31,480 ) (96 ) (31,576 ) Joint venture net (loss) income $ (5,720 ) $ 425 $ (5,295 ) Our share of net (loss) income $ (1,353 ) $ 213 $ (1,140 ) For the Six Months Ended April 30, 2017 (In thousands) Homebuilding Land Development Total Revenues $ 151,493 $ 2,860 $ 154,353 Cost of sales and expenses (155,183 ) (2,823 ) (158,006 ) Joint venture net (loss) income $ (3,690 ) $ 37 $ (3,653 ) Our share of net (loss) income $ (6,264 ) $ 18 $ (6,246 ) For the Six Months Ended April 30, 2016 (In thousands) Homebuilding Land Development Total Revenues $ 46,026 $ 1,617 $ 47,643 Cost of sales and expenses (55,659 ) (1,319 ) (56,978 ) Joint venture net (loss) income $ (9,633 ) $ 298 $ (9,335 ) Our share of net (loss) income $ (2,849 ) $ 149 $ (2,700 )

Note 19 - Fair Value of Finan35

Note 19 - Fair Value of Financial Instruments (Tables)	6 Months Ended
	Apr. 30, 2017
Notes Tables
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]	(In thousands) Fair Value Hierarchy Fair Value at April 30, 2017 Fair Value at October 31, 2016 Mortgage loans held for sale (1) Level 2 $ 88,307 $ 165,077 Interest rate lock commitments Level 2 100 (80 ) Forward contracts Level 2 (306 ) 86 T otal $ 88,101 $ 165,083
Fair Value, Option, Quantitative Disclosures [Table Text Block]	Three Months Ended April 30, 2017 (In thousands) Mortgage Loans Held For Sale Interest Rate Lock Commitments Forward Contracts Changes in fair value included in net loss all reflected in financial services revenues $ 645 $ 109 $ (422 ) Three Months Ended April 30, 2016 (In thousands) Mortgage Loans Held For Sale Interest Rate Lock Commitments Forward Contracts Changes in fair value included in net loss all reflected in financial services revenues $ (1,178 ) $ (377 ) $ 593 Six Months Ended April 30, 2017 (In thousands) Mortgage Loans Held For Sale Interest Rate Lock Commitments Forward Contracts Changes in fair value included in net loss all reflected in financial services revenues $ (2,379 ) $ 179 $ (391 ) Six Months Ended April 30, 2016 (In thousands) Mortgage Loans Held For Sale Interest Rate Lock Commitments Forward Contracts Changes in fair value included in net loss all reflected in financial services revenues $ 3,829 $ 30 $ (550 )
Fair Value Measurements, Nonrecurring [Table Text Block]	Three Months Ended April 30, 2017 (In thousands) Fair Value Hierarchy Pre-Impairment Amount Total Losses Fair Value Sold and unsold homes and lots under development Level 3 $ 8,474 $ (1,549 ) $ 6,925 Land and land options held for future development or sale Level 3 $ - $ - $ - Three Months Ended April 30, 2016 (In thousands) Fair Value Hierarchy Pre-Impairment Amount Total Losses Fair Value Sold and unsold homes and lots under development Level 3 $ 15,710 $ (4,730 ) $ 10,980 Land and land options held for future development or sale Level 3 $ 1,012 $ (646 ) $ 366 Six Months Ended April 30, 2017 (In thousands) Fair Value Hierarchy Pre-Impairment Amount Total Losses Fair Value Sold and unsold homes and lots under development Level 3 $ 14,776 $ (4,136 ) $ 10,640 Land and land options held for future development or sale Level 3 $ 6,326 $ (81 ) $ 6,245 Six Months Ended April 30, 2016 (In thousands) Fair Value Hierarchy Pre-Impairment Amount Total Losses Fair Value Sold and unsold homes and lots under development Level 3 $ 44,238 $ (14,399 ) $ 29,839 Land and land options held for future development or sale Level 3 $ 1,169 $ (694 ) $ 475

Note 20 - Financial Informati36

Note 20 - Financial Information of Subsidiary Issuer and Subsidiary Guarantors (Tables)	6 Months Ended
	Apr. 30, 2017
Notes Tables
Condensed Balance Sheet [Table Text Block]	Parent Subsidiary Issuer Guarantor Subsidiaries Nonguarantor Subsidiaries Eliminations Consolidated ASSETS: Homebuilding $ - $ 201,443 $ 1,133,656 $ 394,507 $ - $ 1,729,606 Financial services 20,377 99,161 119,538 Income taxes receivable 134,291 (43,308 ) 193,437 32 284,452 Intercompany receivable 1,249,183 14,076 (1,263,259 ) - Investments in and amounts due from consolidated subsidiaries 372,077 (372,077 ) - Total assets $ 134,291 $ 1,407,318 $ 1,719,547 $ 507,776 $ (1,635,336 ) $ 2,133,596 LIABILITIES AND EQUITY: Homebuilding, excluding Notes payable and term loan and Revolving credit facility $ 2,467 $ 129 $ 488,589 $ 57,862 $ - $ 549,047 Financial services 19,725 77,352 97,077 Notes payable and term loan and Revolving credit facility 1,617,889 3,001 485 1,621,375 Intercompany payable 155,137 1,108,125 (1,263,262 ) - Amounts due to consolidated subsidiaries 110,590 23,975 (134,565 ) - Stockholders ’ (deficit) equity (133,903 ) (234,675 ) 100,107 372,077 (237,509 ) (133,903 ) Total liabilities and equity $ 134,291 $ 1,407,318 $ 1,719,547 $ 507,776 $ (1,635,336 ) $ 2,133,596 Parent Subsidiary Issuer Guarantor Subsidiaries Nonguarantor Subsidiaries Eliminations Consolidated ASSETS: Homebuilding $ - $ 271,216 $ 1,194,267 $ 408,610 $ - $ 1,874,093 Financial services 13,453 183,777 197,230 Income taxes receivable 115,940 (58,597 ) 226,258 32 283,633 Intercompany receivable 1,227,334 88,112 (1,315,446 ) - Investments in and amounts due from consolidated subsidiaries 4,914 437,628 (442,542 ) - Total assets $ 115,940 $ 1,444,867 $ 1,871,606 $ 680,531 $ (1,757,988 ) $ 2,354,956 LIABILITIES AND EQUITY: Homebuilding, excluding Notes payable and term loan and Revolving credit facility $ 3,506 $ 1,118 $ 565,163 $ 83,476 $ - $ 653,263 Financial services 13,338 159,107 172,445 Notes payable and term loan and Revolving credit facility 1,652,357 5,084 317 1,657,758 Intercompany payable 157,993 1,157,453 (1,315,446 ) - Amounts due to consolidated subsidiaries 82,951 (82,951 ) - Stockholders ’ (deficit) equity (128,510 ) (208,608 ) 130,568 437,631 (359,591 ) (128,510 ) Total liabilities and equity $ 115,940 $ 1,444,867 $ 1,871,606 $ 680,531 $ (1,757,988 ) $ 2,354,956
Condensed Income Statement [Table Text Block]	Parent Subsidiary Issuer Guarantor Subsidiaries Nonguarantor Subsidiaries Eliminations Consolidated Revenues: Homebuilding $ - $ - $ 483,942 $ 87,499 $ - $ 571,441 Financial services 2,749 11,745 14,494 Intercompany charges 23,218 (23,218 ) - Total revenues - 23,218 486,691 99,244 (23,218 ) 585,935 Expenses: Homebuilding 1,471 32,987 472,748 74,264 581,470 Financial services 1,760 5,600 7,360 Intercompany charges 23,218 (23,218 ) - Total expenses 1,471 32,987 497,726 79,864 (23,218 ) 588,830 Loss on extinguishment of debt (242 ) (242 ) I ncome (loss) from unconsolidated joint ventures 20 (4,582 ) (4,562 ) (Loss) income before income taxes (1,471 ) (10,011 ) (11,015 ) 14,798 - (7,699 ) State and federal income tax (benefit) provision (6,272 ) (8,354 ) 13,609 (1,017 ) Equity in (loss) income of consolidated subsidiaries (11,483 ) (14,886 ) 14,798 11,571 - Net (loss) income $ (6,682 ) $ (16,543 ) $ (9,826 ) $ 14,798 $ 11,571 $ (6,682 ) Parent Subsidiary Issuer Guarantor Subsidiaries Nonguarantor Subsidiaries Eliminations Consolidated Revenues: Homebuilding $ - $ - $ 523,418 $ 114,302 $ - $ 637,720 Financial services 2,676 14,327 17,003 Intercompany charges 26,567 (26,567 ) - Total revenues - 26,567 526,094 128,629 (26,567 ) 654,723 Expenses: Homebuilding (343 ) 33,396 525,553 102,757 661,363 Financial services 1,823 7,795 9,618 Intercompany charges 25,838 729 (26,567 ) - Total expenses (343 ) 33,396 553,214 111,281 (26,567 ) 670,981 Income from unconsolidated joint ventures 7 (1,353 ) (1,346 ) (Loss) income before income taxes 343 (6,829 ) (27,113 ) 15,995 - (17,604 ) State and federal income tax benefit (4,885 ) (8,410 ) 4,152 (9,143 ) Equity in (loss) income of consolidated subsidiaries (13,689 ) (13,562 ) 15,995 11,256 - Net (loss) income $ (8,461 ) $ (11,981 ) $ (15,270 ) $ 15,995 $ 11,256 $ (8,461 ) Parent Subsidiary Issuer Guarantor Subsidiaries Nonguarantor Subsidiaries Eliminations Consolidated Revenues: Homebuilding $ - $ - $ 939,314 $ 171,287 $ - $ 1,110,601 Financial services 5,247 22,096 27,343 Intercompany charges 46,158 (46,158 ) - Total revenues - 46,158 944,561 193,383 (46,158 ) 1,137,944 Expenses: Homebuilding 1,999 66,029 917,341 146,912 1,132,281 Financial services 3,473 10,742 14,215 Intercompany charges 46,158 (46,158 ) - Total expenses 1,999 66,029 966,972 157,654 (46,158 ) 1,146,496 Gain on extinguishment of debt 7,404 7,404 I ncome (loss) from unconsolidated joint ventures 36 (6,264 ) (6,228 ) (Loss) income before income taxes (1,999 ) (12,467 ) (22,375 ) 29,465 - (7,376 ) State and federal income tax (benefit) provision (22,813 ) (15,289 ) 37,551 (551 ) Equity in (loss) income of consolidated subsidiaries (27,639 ) (28,889 ) 29,465 27,063 - Net (loss) income $ (6,825 ) $ (26,067 ) $ (30,461 ) $ 29,465 $ 27,063 $ (6,825 ) Parent Subsidiary Issuer Guarantor Subsidiaries Nonguarantor Subsidiaries Eliminations Consolidated Revenues: Homebuilding $ - $ - $ 998,328 $ 196,771 $ - $ 1,195,099 Financial services 4,921 30,308 35,229 Intercompany charges 61,107 (61,107 ) - Total revenues - 61,107 1,003,249 227,079 (61,107 ) 1,230,328 Expenses: Homebuilding 1,597 69,207 992,173 177,490 1,240,467 Financial services 3,447 14,386 17,833 Intercompany charges 60,301 806 (61,107 ) - Total expenses 1,597 69,207 1,055,921 192,682 (61,107 ) 1,258,300 Income (loss) from unconsolidated joint ventures 23 (2,849 ) (2,826 ) (Loss) income before income taxes (1,597 ) (8,100 ) (52,649 ) 31,548 - (30,798 ) State and federal income tax (benefit) provision (19,435 ) (15,328 ) 28,599 (6,164 ) Equity in (loss) income of consolidated subsidiaries (42,472 ) (27,072 ) 31,548 37,996 - Net (loss) income $ (24,634 ) $ (19,844 ) $ (49,700 ) $ 31,548 $ 37,996 $ (24,634 )
Condensed Cash Flow Statement [Table Text Block]	Parent Subsidiary Issuer Guarantor Subsidiaries Nonguarantor Subsidiaries Eliminations Consolidated Cash flows from operating activities: Net (loss) income $ (6,825 ) $ (26,067 ) $ (30,461 ) $ 29,465 $ 27,063 $ (6,825 ) Adjustments to reconcile net (loss) income to net cash used in operating activities (17,958 ) (14,731 ) 168,583 15,212 (27,063 ) 124,043 Net cash (used in) provided by operating activities (24,783 ) (40,798 ) 138,122 44,677 - 117,218 Cash flows from investing activities: Proceeds from sale of property and assets 86 86 Purchase of property, equipment & other fixed assets and acquisitions (4,500 ) (4,500 ) Increase in restricted cash related to mortgage company (2,715 ) (2,715 ) Decrease in restricted cash related to letters of credit 1 1 Investments in and advances to unconsolidated joint ventures (240 ) (23,128 ) (23,368 ) Distributions of capital from unconsolidated joint ventures 27 10,708 10,735 Intercompany investing activities 7,043 (7,043 ) - Net cash provided by (used in) investing activities - 6,804 (4,387 ) (15,135 ) (7,043 ) (19,761 ) Cash flows from financing activities: Net payments related to mortgages and notes (3,116 ) (13,124 ) (16,240 ) Net proceeds from model sale leaseback financing programs 698 (2,516 ) (1,818 ) Net proceeds from land bank financing programs (27,176 ) (5,798 ) (32,974 ) Payments related to senior notes and senior amortizing notes (33,327 ) (33,327 ) Net proceeds related to mortgage warehouse lines of credit (75,471 ) (75,471 ) Deferred financing costs from land bank financing programs and note issuances (2,459 ) (973 ) (173 ) (3,605 ) Intercompany financing activities 24,783 (105,862 ) 74,036 7,043 - Net cash provided by (used in) financing activities 24,783 (35,786 ) (136,429 ) (23,046 ) 7,043 (163,435 ) Net (decrease) increase in cash - (69,780 ) (2,694 ) 6,496 - (65,978 ) Cash and cash equivalents balance, beginning of period 261,553 (395 ) 85,607 346,765 Cash and cash equivalents balance, end of period $ - $ 191,773 $ (3,089 ) $ 92,103 $ - $ 280,787 Parent Subsidiary Issuer Guarantor Subsidiaries Nonguarantor Subsidiaries Eliminations Consolidated Cash flows from operating activities: Net (loss) income $ (24,634 ) $ (19,844 ) $ (49,700 ) $ 31,548 $ 37,996 $ (24,634 ) Adjustments to reconcile net (loss) income to net cash used in operating activities (12,034 ) 22,078 120,711 (99,312 ) (37,996 ) (6,553 ) Net cash (used in) provided by operating activities (36,668 ) 2,234 71,011 (67,764 ) - (31,187 ) Cash flows from investing activities: Proceeds from sale of property and assets 94 21 115 Purchase of property, equipment & other fixed assets and acquisitions (1,620 ) (31 ) (1,651 ) Increase in restricted cash related to mortgage company (204 ) (204 ) Decrease in restricted cash related to letters of credit 325 325 Investments in and advances to unconsolidated joint ventures (130 ) (990 ) (15,623 ) (16,743 ) Distributions of capital from unconsolidated joint ventures (186 ) 1,087 4,164 5,065 Intercompany investing activities 80,160 (80,160 ) - Net cash (used in) provided by investing activities - 80,169 (1,429 ) (11,673 ) (80,160 ) (13,093 ) Cash flows from financing activities: Net payments related to mortgages and notes (13,649 ) (5,490 ) (19,139 ) Net proceeds from model sale leaseback financing programs 3,179 (1,960 ) 1,219 Net proceeds from land bank financing programs 90,425 24,048 114,473 Payments related to senior notes and senior amortizing notes (175,040 ) (175,040 ) Borrowings from revolving credit facility 3,000 3,000 Net proceeds related to mortgage warehouse lines of credit 257 257 Deferred financing costs from land bank financing programs and note issuances (3,380 ) (1,201 ) (4,581 ) Intercompany financing activities 36,668 (146,900 ) 30,072 80,160 - Net cash (used in) provided by financing activities 36,668 (172,040 ) (70,325 ) 45,726 80,160 (79,811 ) Net decrease in cash and cash equivalents - (89,637 ) (743 ) (33,711 ) - (124,091 ) Cash and cash equivalents balance, beginning of period 199,318 (4,800 ) 59,227 253,745 Cash and cash equivalents balance, end of period $ - $ 109,681 $ (5,543 ) $ 25,516 $ - $ 129,654

Note 1 - Basis of Presentation

Note 1 - Basis of Presentation (Details Textual) $ in Millions	6 Months Ended
	Apr. 30, 2017USD ($)
Reclassification of Unamortized Debt Issuance Costs from Prepaid Expenses and Other Assets to Nonrecourse Mortgages Secured by Inventory, Liabilities from Inventory not Owned and Notes Payable and Term Loan [Member] | October 31, 2016 [Member]
Prior Period Reclassification Adjustment	$ 24.5
Reclassification of Unamortized Debt Issuance Costs from Prepaid Expenses and Other Assets to Nonrecourse Mortgages Secured by Inventory [Member] | October 31, 2016 [Member]
Prior Period Reclassification Adjustment	1.3
Reclassification of Unamortized Debt Issuance Costs from Prepaid Expenses and Other Assets to Liabilities from Inventory not Owned [Member] | October 31, 2016 [Member]
Prior Period Reclassification Adjustment	3
Reclassification of Unamortized Debt Issuance Costs from Prepaid Expenses and Other Assets to Notes Payable and Term Loan [Member] | October 31, 2016 [Member]
Prior Period Reclassification Adjustment	$ 20.2
Homebuilding [Member]
Number of Reportable Segments	6

Note 2 - Stock Compensation (De

Note 2 - Stock Compensation (Details Textual) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Apr. 30, 2017	Apr. 30, 2016	Apr. 30, 2017	Apr. 30, 2016
Allocated Share-based Compensation Expense, Net of Tax	$ 0.9		$ 1.4	$ 0.7
Share-based Compensation Income		$ 0.7
Allocated Share-based Compensation Expense	1		1.5	0.8
Employee Stock Option [Member]
Allocated Share-based Compensation Expense	$ 0.1	0.1	$ 0.2	$ 0.2
Performance Shares [Member]
Share-based Compensation, Reverse of Previously Recognized Expense		$ 2.1

Note 3 - Interest (Details Text

Note 3 - Interest (Details Textual) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Apr. 30, 2017	Apr. 30, 2016	Apr. 30, 2017	Apr. 30, 2016
Real Estate Inventory Expense Not Eligible for Capitalization	[1],[2]	$ 22,297	$ 24,084	$ 44,924	$ 45,309
Qualifying Assets Not Exceeding Debt [Member]
Real Estate Inventory Expense Not Eligible for Capitalization		16,000	12,200	29,300	26,700
Completed Homes, Land in Planning and Fully Developed Lots without Homes under Construction [Member]
Real Estate Inventory Expense Not Eligible for Capitalization		$ 6,300	$ 11,900	$ 15,600	$ 18,600
[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 $16.0 million and $12.2 million for the three months ended April 30, 2017 and 2016, respectively, and $29.3 million and $26.7 million for the six months ended April 30, 2017 and 2016, 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. This component of other interest was $6.3 million and $11.9 million for the three months ended April 30, 2017 and 2016, respectively, and $15.6 million and $18.6 million for the six months ended April 30, 2017 and 2016, respectively.

Note 3 - Interest - Interest Co

Note 3 - Interest - Interest Costs Incurred, Expensed and Capitalized (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Apr. 30, 2017	Apr. 30, 2016	Apr. 30, 2017	Apr. 30, 2016
Interest capitalized at beginning of period		$ 94,438	$ 117,113	$ 96,688	$ 123,898
Plus interest incurred (1)	[1]	39,156	44,224	77,855	86,183
Less cost of sales interest expensed		20,337	21,444	38,659	38,287
Less other interest expensed (2)(3)	[2],[3]	22,297	24,084	44,924	45,309
Less interest contributed to unconsolidated joint venture (4)	[4]				10,676
Interest capitalized at end of period (5)	[5]	$ 90,960	$ 115,809	$ 90,960	$ 115,809
[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 $16.0 million and $12.2 million for the three months ended April 30, 2017 and 2016, respectively, and $29.3 million and $26.7 million for the six months ended April 30, 2017 and 2016, 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. This component of other interest was $6.3 million and $11.9 million for the three months ended April 30, 2017 and 2016, respectively, and $15.6 million and $18.6 million for the six months ended April 30, 2017 and 2016, respectively.
[4]	Represents capitalized interest which was included as part of the assets contributed to the joint venture the Company entered into in November 2015, as discussed in Note 17. There was no impact to the Condensed Consolidated Statement of Operations as a result of this transaction.
[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		6 Months Ended
		Apr. 30, 2017	Apr. 30, 2016	Apr. 30, 2017	Apr. 30, 2016
Real Estate Inventory Expense Not Eligible for Capitalization	[1],[2]	$ 22,297	$ 24,084	$ 44,924	$ 45,309
Interest paid by our mortgage and finance subsidiaries		455	851	1,084	1,410
Decrease (increase) in accrued interest		591	(9,948)	1,354	1,268
Cash paid for interest, net of capitalized interest		$ 23,343	$ 14,987	$ 47,362	$ 47,987
[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 $16.0 million and $12.2 million for the three months ended April 30, 2017 and 2016, respectively, and $29.3 million and $26.7 million for the six months ended April 30, 2017 and 2016, 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. This component of other interest was $6.3 million and $11.9 million for the three months ended April 30, 2017 and 2016, respectively, and $15.6 million and $18.6 million for the six months ended April 30, 2017 and 2016, respectively.

Note 4 - Reduction of Invento42

Note 4 - Reduction of Inventory to Fair Value (Details Textual) $ in Thousands	3 Months Ended		6 Months Ended
	Apr. 30, 2017USD ($)	Apr. 30, 2016USD ($)	Apr. 30, 2017USD ($)	Apr. 30, 2016USD ($)	Oct. 31, 2016USD ($)
Number of Communities Evaluated for Impairment			381	478
Number of Communities Performed Detailed Impairment Calculations			9	20
Carrying Value of Communities Tested for Impairment			$ 66,900	$ 89,000
Number of Communities Tested for Impairment for Which Undiscounted Future Cash Flow Only Exceeded Carrying Amount By Less Than 20 Percent			3	9
Carrying Value of Communities Tested for Impairment for Which Undiscounted Future Cash Flow Only Exceeded Carrying Amount by Less than 20 Percent			$ 45,800	$ 43,500
Percentage Undiscounted Cash Flow Exceeds Carrying Amount			20.00%
Impairment of Real Estate	$ 1,500	$ 5,400	$ 4,200	$ 15,100
Number of Communities Impaired	1	4	6	10
PreImpairment Value	$ 8,500	$ 16,700	$ 21,100	$ 45,400
Homebuilding [Member]
Land Option Write Offs	$ 400	$ 4,300	$ 900	$ 6,300
Number of Walk Away Lots	478	2,263	1,539	3,519
Number of Communities Mothballed During the Period			0
Number of Previously Mothballed Communities Sold During the Period			2
Number of Mothballed Communities Reactivated			2
Number of Communities Mothballed	25		25		29
Inventory Real Estate Mothballed Communities	$ 66,000		$ 66,000		$ 74,400
Inventory Real Estate Mothballed Communities Accumulated Impairment Charges	239,900		239,900		296,300
Inventory Real Estate Specific Performance Options	0		0		0
Liabilities from Inventory Real Estate Not Owned	116,728		116,728		150,179	[1]
Homebuilding [Member] | Model Sale Leaseback Financing Arrangements [Member]
Inventory Real Estate, Other Options	76,500		76,500		79,200
Liabilities from Inventory Real Estate Not Owned	68,100		68,100		69,700
Homebuilding [Member] | Land Banking Arrangement [Member]
Inventory Real Estate, Other Options	78,100		78,100		129,500
Liabilities from Inventory Real Estate Not Owned	$ 48,600		$ 48,600		$ 80,500
Homebuilding [Member] | Real Estate Inventory [Member] | Minimum [Member]
Fair Value Inputs, Discount Rate			18.30%	16.80%
Homebuilding [Member] | Real Estate Inventory [Member] | Maximum [Member]
Fair Value Inputs, Discount Rate			19.80%	18.50%
[1]	Derived from the audited balance sheet as of October 31, 2016. See notes to condensed consolidated financial statements (unaudited).

Note 5 - Variable Interest En43

Note 5 - Variable Interest Entities (Details Textual) $ in Millions	Apr. 30, 2017USD ($)
Deposits Associated with Land and Lot Options of Unconsolidated Variable Interest Entities	$ 52.9
Purchase Price Associated with Land and Lot Options of Unconsolidated Variable Interest Entities	$ 980.8

Note 6 - Warranty Costs (Detail

Note 6 - Warranty Costs (Details Textual) $ in Thousands	3 Months Ended		6 Months Ended
	Apr. 30, 2017USD ($)	Apr. 30, 2016USD ($)	Apr. 30, 2017USD ($)	Apr. 30, 2016USD ($)
Aggregate Retention for Construction Defects Warranty and Bodily Injury Claims	$ 21,000	$ 21,000	$ 21,000	$ 21,000
Payments by Insurance Companies for Claims	200	500	200	3,700
Cash Received from Subcontractors for Owner Controlled Insurance Program			1,800	2,000
General Liability Insurance Deductible	20,000	20,000	20,000	20,000
Bodily Injury Insurance Deductible	250	250	250	250
Bodily Injury Insurance Limit	$ 5,000	$ 5,000	$ 5,000	$ 5,000
Homebuilding [Member] | Northeast [Member]
Number of Construction Defect Claims Settled During the Period				2

Note 6 - Warranty Costs - Warra

Note 6 - Warranty Costs - Warranty and General Liability Reserve (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Apr. 30, 2017	Apr. 30, 2016	Apr. 30, 2017	Apr. 30, 2016
Balance, beginning of period	$ 118,013	$ 133,389	$ 121,144	$ 135,053
Charges incurred during the period	(7,177)	(5,514)	(16,703)	(15,183)
Changes to pre-existing reserves
Balance, end of period	117,207	136,706	117,207	136,706
Selling, General and Administrative Expenses [Member]
Additions	2,856	4,292	5,764	8,915
Cost of Sales [Member]
Additions	$ 3,515	$ 4,539	$ 7,002	$ 7,921

Note 7 - Commitments and Cont46

Note 7 - Commitments and Contingent Liabilities (Details Textual) - USD ($)	Jun. 01, 2017	Apr. 30, 2017
Grandview at Riverwalk Port Imperial Condominium Association Construction Defect Lawsuit [Member]
Loss Contingency, Damages Sought, Value		$ 41,300,000
Grandview at Riverwalk Port Imperial Condominium Association Construction Defect Lawsuit [Member] | Subsequent Event [Member]
Loss Contingency, Damages Awarded, Value	$ 9,000,000
Grandview at Riverwalk Port Imperial Condominium Association Construction Defect Lawsuit [Member] | Subsequent Event [Member] | Minimum [Member]
Loss Contingency, Estimate of Possible Loss	0
Grandview at Riverwalk Port Imperial Condominium Association Construction Defect Lawsuit [Member] | Subsequent Event [Member] | Maximum [Member]
Loss Contingency, Estimate of Possible Loss	9,000,000
Grandview at Riverwalk Port Imperial Condominium Association Construction Defect Lawsuit [Member] | Subsequent Event [Member] | Breach of Warranty and New Jersey Fraud Claims Prior to Statutory Trebling [Member]
Loss Contingency, Damages Awarded, Value	$ 3,000,000
Construction and Design Defects Lawsuit from Second Condominium Association [Member]
Loss Contingency, Damages Sought, Value		$ 70,000,000

Note 8 - Restricted Cash and 47

Note 8 - Restricted Cash and Deposits (Details Textual) - USD ($) $ in Thousands	Apr. 30, 2017	Oct. 31, 2016
Cash Equivalents, at Carrying Value	$ 6,700	$ 9,400
Restricted Cash and Cash Equivalents	24,700	22,900
Homebuilding [Member]
Restricted Cash and Cash Equivalents	1,797	3,914	[1]
Customer Deposits [Member] | Homebuilding [Member]
Restricted Cash and Cash Equivalents	100	2,200
Customer Deposits [Member] | Financial Services [Member]
Restricted Cash and Cash Equivalents	20,900	15,100
Mortgage Warehouse Lines of Credit [Member]
Restricted Cash and Cash Equivalents	$ 2,000	$ 3,900
[1]	Derived from the audited balance sheet as of October 31, 2016. See notes to condensed consolidated financial statements (unaudited).

Note 9 - Mortgage Loans Held 48

Note 9 - Mortgage Loans Held for Sale (Details Textual) $ in Millions	Apr. 30, 2017USD ($)	Oct. 31, 2016USD ($)	Apr. 30, 2016
Loans Pledged as Collateral	$ 72	$ 147.4
Number of Loans Reserved For	94		132

Note 9 - Mortgage Loans Held 49

Note 9 - Mortgage Loans Held for Sale - Loan Origination Reserves (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Apr. 30, 2017	Apr. 30, 2016	Apr. 30, 2017	Apr. 30, 2016
Loan origination reserves, beginning of period	$ 5,077	$ 8,028	$ 8,137	$ 8,025
Provisions for losses during the period	45	117	79	158
Adjustments to pre-existing provisions for losses from changes in estimates	(1,340)	161	(4,434)	123
Loan origination reserves, end of period	$ 3,782	$ 8,306	$ 3,782	$ 8,306

Note 10 - Mortgages and Notes50

Note 10 - Mortgages and Notes Payable (Details Textual) - USD ($) $ in Thousands	1 Months Ended	6 Months Ended
	Jun. 30, 2013	Apr. 30, 2017	Oct. 31, 2016
Letter of Credit [Member]
Letters of Credit Outstanding, Amount		$ 1,700	$ 1,700
Citi Bank [Member] | Revolving Credit Facility [Member]
Debt Instrument, Term	5 years
Debt Instrument Basis Spread on Variable Rate Number of Business Days Prior to First Day of Interest Period Spread Determined		2 days
Long-term Line of Credit		$ 52,000	52,000
Letters of Credit Outstanding, Amount		15,400	17,900
Line of Credit Facility, Maximum Borrowing Capacity	$ 75,000
JP Morgan Chase Bank [Member]
Warehouse Agreement Borrowings		27,800	44,100
Line of Credit Facility, Maximum Borrowing Capacity		$ 50,000
JP Morgan Chase Bank [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument Variable Rate Basis Adjusted London Interbank Offered Rate LIBOR		1.00%
JP Morgan Chase Bank [Member] | London Interbank Offered Rate (LIBOR) [Member] | Minimum [Member]
Debt Instrument, Basis Spread on Variable Rate		2.50%
JP Morgan Chase Bank [Member] | London Interbank Offered Rate (LIBOR) [Member] | Maximum [Member]
Debt Instrument, Basis Spread on Variable Rate		2.63%
Customers Bank [Member]
Warehouse Agreement Borrowings		$ 27,800	38,800
Line of Credit Facility, Maximum Borrowing Capacity		$ 50,000
Customers Bank [Member] | London Interbank Offered Rate (LIBOR) [Member] | Minimum [Member]
Debt Instrument, Basis Spread on Variable Rate		2.50%
Customers Bank [Member] | London Interbank Offered Rate (LIBOR) [Member] | Maximum [Member]
Debt Instrument, Basis Spread on Variable Rate		5.25%
Homebuilding [Member]
Long-term Line of Credit		$ 52,000	52,000	[1]
Nonrecourse Mortgages Secured By Inventory [Member] | Mortgages [Member] | Homebuilding [Member]
Secured Debt		66,365	82,115
Debt Instrument, Collateral Amount		$ 192,700	$ 201,800
Debt, Weighted Average Interest Rate		5.10%	4.90%
Nonrecourse Mortgages Secured by Operating Properties [Member] | Mortgages [Member] | Corporate, Non-Segment [Member]
Secured Debt		$ 13,700	$ 14,300
Debt, Weighted Average Interest Rate		8.80%	8.80%
Long-term Debt, Maturities, Repayments of Principal, Remainder of Fiscal Year		$ 700
Long-term Debt, Maturities, Repayments of Principal in Year Two		1,400
Long-term Debt, Maturities, Repayments of Principal in Year Three		1,500
Long-term Debt, Maturities, Repayments of Principal in Year Four		1,700
Long-term Debt, Maturities, Repayments of Principal in Year Five		1,800
Long-term Debt, Maturities, Repayments of Principal after Year Five		6,600
Nonrecourse Mortgages Secured by Operating Properties [Member] | Mortgages [Member] | Homebuilding [Member]
Secured Debt		$ 13,675	$ 14,312	[1]
8.0% Senior Notes Due 2019 [Member]
Debt Instrument, Interest Rate, Stated Percentage		8.00%
The 7.25% 2020 Notes, 9.125% 2020 Notes, 2018 10.0% Second Lien Notes and Term Loan [Member] | Senior Secured Notes [Member] | Letter of Credit [Member] | Restricted Cash [Member]
Cash Collateral for Borrowed Securities		$ 1,700	1,700
Credit Suisse Master Repurchase Agreement [Member]
Warehouse Agreement Borrowings		0	32,900
Line of Credit Facility, Maximum Borrowing Capacity		50,000
Comerica Master Repurchase Agreement [Member]
Warehouse Agreement Borrowings		14,500	$ 29,800
Line of Credit Facility, Maximum Borrowing Capacity		$ 50,000
Comerica Master Repurchase Agreement [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument Variable Rate Basis Floor Rate		0.25%
Debt Instrument, Basis Spread on Variable Rate		2.50%
[1]	Derived from the audited balance sheet as of October 31, 2016. See notes to condensed consolidated financial statements (unaudited).

Note 11 - Senior Notes and Te51

Note 11 - Senior Notes and Term Loan (Details Textual)		Jun. 01, 2013USD ($)	Oct. 02, 2012USD ($)$ / sharesshares	Nov. 30, 2016USD ($)shares	Sep. 30, 2016USD ($)shares	Apr. 30, 2017USD ($)	Apr. 30, 2016USD ($)	Apr. 30, 2017USD ($)shares	Apr. 30, 2016USD ($)	Oct. 31, 2016USD ($)	Sep. 08, 2016USD ($)
Interest Payable						$ 31,100,000		$ 31,100,000		$ 32,400,000
Debt Covenant Fixed Charge Coverage Ratio Minimum						2		2
Gain (Loss) on Extinguishment of Debt						$ (242,000)		$ 7,404,000
Debt Issuance Costs, Net						17,800,000		$ 17,800,000
Series A Preferred Stock [Member]
Preferred Stock, Dividend Rate, Percentage								7.625%
Senior Notes and Senior Exchangeable Note Units [Member]
Debt Instrument, Repurchase Amount						$ 30,800,000		$ 30,800,000
Gain (Loss) on Extinguishment of Debt								7,800,000
9.5 % Senior Secured Notes [Member]
Gain (Loss) on Extinguishment of Debt								$ (400,000)
Debt Instrument, Interest Rate, Stated Percentage						9.50%		9.50%
Senior Secured Term Loan [Member]
Debt Instrument, Voluntary Prepayment Premium, Aggregate Principal Amount, Percentage						1.00%		1.00%
Senior Secured Term Loan [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument, Basis Spread on Variable Rate								7.00%
Senior Secured Term Loan [Member] | Base Rate [Member]
Debt Instrument, Basis Spread on Variable Rate								6.00%
First Lien Noes [Member] | Debt Instrument, Redemption, Period One [Member]
Debt Instrument, Redemption Price, Percentage			103.625%
First Lien Noes [Member] | Debt Instrument, Redemption, Period Two [Member]
Debt Instrument, Redemption Price, Percentage			101.813%
First Lien Noes [Member] | Debt Instrument, Redemption, Period Three [Member]
Debt Instrument, Redemption Price, Percentage			100.00%
Second Lien Notes [Member] | Debt Instrument, Redemption, Period One [Member]
Debt Instrument, Redemption Price, Percentage			104.563%
Second Lien Notes [Member] | Debt Instrument, Redemption, Period Two [Member]
Debt Instrument, Redemption Price, Percentage			102.281%
Second Lien Notes [Member] | Debt Instrument, Redemption, Period Three [Member]
Debt Instrument, Redemption Price, Percentage			100.00%
Senior Amortizing Notes [Member]
Debt Instrument, Periodic Payment, Interest		$ 39.83						$ 30
The 5.0% 2021 Notes [Member] | Senior Secured Notes [Member]
Debt Instrument, Interest Rate, Stated Percentage	[1],[2]					5.00%		5.00%		5.00%
The 2.0% 2021 Notes [Member] | Senior Secured Notes [Member]
Debt Instrument, Redemption Price, Percentage								100.00%
Debt Instrument, Interest Rate, Stated Percentage	[1],[2]					2.00%		2.00%		2.00%
The 9.50% 2020 Notes [Member] | Senior Secured Notes [Member]
Debt Instrument, Interest Rate, Stated Percentage	[1],[2]					9.50%		9.50%		9.50%
The 7.0% 2019 Notes [Member] | Senior Notes [Member]
Debt Instrument, Repurchased Face Amount						$ 17,500,000		$ 17,500,000
Debt Instrument, Interest Rate, Stated Percentage						7.00%		7.00%
The 7.0% 2019 Notes [Member] | Senior Notes [Member] | Debt Instrument, Redemption, Period Three [Member]
Debt Instrument, Redemption Price, Percentage								101.75%
The 7.0% 2019 Notes [Member] | Senior Notes [Member] | Debt Instrument, Redemption, Period Four [Member]
Debt Instrument, Redemption Price, Percentage								100.00%
The 7.0% 2019 Notes [Member] | Unsecured Senior Notes Excluding Senior Amortizing Notes and Senior Exchangeable Notes [Member]
Debt Instrument, Interest Rate, Stated Percentage	[1],[2]					7.00%		7.00%		7.00%
8.0% Senior Notes Due 2019 [Member]
Debt Instrument, Interest Rate, Stated Percentage						8.00%		8.00%
8.0% Senior Notes Due 2019 [Member] | Unsecured Senior Notes Excluding Senior Amortizing Notes and Senior Exchangeable Notes [Member]
Debt Instrument, Repurchased Face Amount						$ 14,000,000		$ 14,000,000
Debt Instrument, Redemption Price, Percentage								100.00%
Debt Instrument, Interest Rate, Stated Percentage						8.00%		8.00%
8.0% Senior Notes Due 2019 [Member] | Unsecured Senior Notes Excluding Senior Amortizing Notes and Senior Exchangeable Notes [Member] | Debt Instrument, Redemption, Period One [Member]
Debt Instrument, Redemption Price, Percentage								100.00%
The 6.00% Exchangeable Note Units [Member] | Exchangeable Note Units [Member]
Exchangeable Note Unit Face Amount				$ 6,900,000	$ 20,600,000
Debt Instrument, Exchangeable, Number of Units Repurchased | shares				6,925	20,823			6,925
Debt Instrument, Repurchased Face Amount						$ 6,900,000		$ 6,900,000
Note Units Number			100,000
Note Units Stated Amount			$ 1,000
Note Units Initial Principal Amount Exchangeable Note | $ / shares			$ 768.51
Note Units Principal Amount at Maturity | $ / shares			1,000
Note Units Initial Principal Amount Senior Amortizing Note | $ / shares			$ 231.49
Debt Instrument, Face Amount			$ 100,000,000
Debt Instrument, Interest Rate, Stated Percentage			6.00%
Debt Instrument, Interest Rate, Effective Percentage			5.17%
Shares Issued Upon Conversion of Convertible Debt | shares			185.5288
Share Price for Exchangeable Note Conversion | $ / shares			$ 5.39
Senior Exchangeable Notes Exchanged for Class A Common Stock | shares								18,305
Debt Conversion, Converted Instrument, Shares Issued | shares								3,400,000
Term Loan [Member]
Debt Instrument, Face Amount											$ 75,000,000
The 10.0% 2018 Notes [Member] | Senior Secured Notes [Member]
Debt Instrument, Interest Rate, Stated Percentage	[1],[2]					10.00%		10.00%		10.00%
The 10.0% 2018 Notes [Member] | Senior Secured Notes [Member] | Debt Instrument, Redemption, Period One [Member]
Debt Instrument, Redemption Price, Percentage								100.00%
The 10.0% 2018 Notes [Member] | Senior Secured Notes [Member] | Debt Instrument, Redemption, Period One [Member] | Redemption with Net Cash Proceeds from Certain Equity Offerings [Member]
Debt Instrument, Redemption Price, Percentage of Principal Amount Redeemed								35.00%
Debt Instrument, Redemption Price, Percentage								110.00%
The 10.0% 2018 Notes [Member] | Senior Secured Notes [Member] | Debt Instrument, Redemption, Period Two [Member]
Debt Instrument, Redemption Price, Percentage								100.00%
9.5% Senior Secured Notes Due 2020 [Member] | Redemption with Net Cash Proceeds from Certain Equity Offerings [Member]
Debt Instrument, Redemption Price, Percentage								109.50%
9.5% Senior Secured Notes Due 2020 [Member] | Debt Instrument, Redemption, Period One [Member]
Debt Instrument, Redemption Price, Percentage								100.00%
9.5% Senior Secured Notes Due 2020 [Member] | Debt Instrument, Redemption, Period Two [Member]
Debt Instrument, Redemption Price, Percentage								100.00%
9.5% Senior Secured Notes Due 2020 [Member] | Debt Instrument, Redemption, Period Three [Member]
Debt Instrument, Redemption Price, Percentage								35.00%
Additional and Market Whole Amount [Member]
Debt Instrument, Redemption Price, Percentage								1.00%
The 2.0% 2021 Notes Member and 5.0% 2021 Notes [Member] | Senior Secured Notes [Member] | Secured Group [Member] | Investment in Joint Ventures [Member]
Debt Instrument, Collateral Amount						$ 89,900,000		$ 89,900,000
The 2.0% 2021 Notes Member and 5.0% 2021 Notes [Member] | Senior Secured Notes [Member] | Cash and Cash Equivalents Collateral [Member]
Debt Instrument, Collateral Amount						86,300,000		86,300,000
The 2.0% 2021 Notes Member and 5.0% 2021 Notes [Member] | Senior Secured Notes [Member] | Real Estate [Member]
Debt Instrument, Collateral Amount						$ 146,500,000		$ 146,500,000
The 7.25% 2020 Notes [Member] | Senior Secured Notes [Member]
Debt Instrument, Interest Rate, Stated Percentage	[1],[2]					7.25%		7.25%		7.25%
The 9.125% 2020 Notes [Member] | Senior Secured Notes [Member]
Debt Instrument, Interest Rate, Stated Percentage	[1],[2]					9.125%		9.125%		9.125%
The 7.25% 2020 Notes, The 9.125% 2020 Notes, and The 10.0% 2018 Notes [Member] | Senior Secured Notes [Member] | Cash and Cash Equivalents Collateral [Member] | Term Loan Facility [Member]
Debt Instrument, Collateral Amount						$ 190,400,000		$ 190,400,000
The 7.25% 2020 Notes, The 9.125% 2020 Notes, and The 10.0% 2018 Notes [Member] | Senior Secured Notes [Member] | Real Estate Inventory [Member] | Term Loan Facility [Member]
Debt Instrument, Collateral Amount						564,300,000		564,300,000
The 7.25% 2020 Notes, The 9.125% 2020 Notes, and The 10.0% 2018 Notes [Member] | Senior Secured Notes [Member] | Restricted Cash [Member] | Term Loan Facility [Member]
Debt Instrument, Collateral Amount						$ 1,700,000		$ 1,700,000
The 11.0% 2017 Amortizing Note [Member] | Senior Amortizing Notes [Member]
Debt Instrument, Interest Rate, Stated Percentage	[1],[2]					11.00%		11.00%		11.00%
Reclassification of Unamortized Debt Issuance Costs from Prepaid Expenses and Other Assets to Notes Payable and Term Loan [Member] | October 31, 2016 [Member]
Prior Period Reclassification Adjustment								$ 20,200,000
[1]	"Notes payable and term loan" on our Condensed Consolidated Balance Sheets as of April 30, 2017 and October 31, 2016 consists of the total senior secured, senior, senior amortizing and senior exchangeable notes and senior secured term loan shown above, as well as accrued interest of $31.1 million and $32.4 million, respectively.
[2]	As discussed in Note 1, we adopted ASU 2015-03 in November 2016. We applied the new guidance retrospectively to all prior periods presented in the financial statements to conform to the fiscal 2017 presentation. As a result, $20.2 million of debt issuance costs at October 31, 2016, were reclassified from prepaids and other assets to a reduction in our senior secured term loan, senior secured, senior, senior amortizing and senior exchangeable notes. Debt issuance costs at April 30, 2017 were $17.8 million.

Note 11 - Senior Notes and Te52

Note 11 - Senior Notes and Term Loan - Senior Secured, Senior and Senior Subordinated Notes (Details) - USD ($) $ in Thousands		Apr. 30, 2017	Oct. 31, 2016
Senior Secured Term Loan [Member]
Senior Notes	[1],[2]	$ 72,412	$ 72,646
Senior Secured Notes [Member]
Senior Notes	[1],[2]	1,043,963	1,041,089
Senior Secured Notes [Member] | The 7.25% 2020 Notes [Member]
Senior Notes	[1],[2]	570,561	569,641
Senior Secured Notes [Member] | The 10.0% 2018 Notes [Member]
Senior Notes	[1],[2]	69,724	68,951
Senior Secured Notes [Member] | The 9.125% 2020 Notes [Member]
Senior Notes	[1],[2]	143,541	143,337
Senior Secured Notes [Member] | The 9.50% 2020 Notes [Member]
Senior Notes	[1],[2]	74,245	74,140
Senior Secured Notes [Member] | The 2.0% 2021 Notes [Member]
Senior Notes	[1],[2]	53,040	53,022
Senior Secured Notes [Member] | The 5.0% 2021 Notes [Member]
Senior Notes	[1],[2]	132,852	131,998
Unsecured Senior Notes Excluding Senior Amortizing Notes and Senior Exchangeable Notes [Member]
Senior Notes	[1],[2]	365,596	396,148
Unsecured Senior Notes Excluding Senior Amortizing Notes and Senior Exchangeable Notes [Member] | The 7.0% 2019 Notes [Member]
Senior Notes	[1],[2]	131,721	148,800
Unsecured Senior Notes Excluding Senior Amortizing Notes and Senior Exchangeable Notes [Member] | The 8.0% Senior Notes Due 2019 [Member]
Senior Notes	[1],[2]	233,875	247,348
Senior Amortizing Notes [Member] | The 11.0% 2017 Amortizing Note [Member]
Senior Notes	[1],[2]	3,938	6,152
Senior Amortizing Notes [Member] | Senior Exchangeable Notes Due 2017 [Member]
Senior Notes	[1],[2]	$ 52,395	$ 57,298
[1]	"Notes payable and term loan" on our Condensed Consolidated Balance Sheets as of April 30, 2017 and October 31, 2016 consists of the total senior secured, senior, senior amortizing and senior exchangeable notes and senior secured term loan shown above, as well as accrued interest of $31.1 million and $32.4 million, respectively.
[2]	As discussed in Note 1, we adopted ASU 2015-03 in November 2016. We applied the new guidance retrospectively to all prior periods presented in the financial statements to conform to the fiscal 2017 presentation. As a result, $20.2 million of debt issuance costs at October 31, 2016, were reclassified from prepaids and other assets to a reduction in our senior secured term loan, senior secured, senior, senior amortizing and senior exchangeable notes. Debt issuance costs at April 30, 2017 were $17.8 million.

Note 11 - Senior Notes and Te53

Note 11 - Senior Notes and Term Loan - Senior Secured, Senior and Senior Subordinated Notes (Details) (Parentheticals)		6 Months Ended	12 Months Ended
		Apr. 30, 2017	Oct. 31, 2016
Senior Secured Notes [Member] | The 7.25% 2020 Notes [Member]
Debt Instrument, Interest Rate, Stated Percentage	[1],[2]	7.25%	7.25%
Debt Instrument, Maturity Date	[1],[2]	Oct. 15, 2020	Oct. 15, 2020
Senior Secured Notes [Member] | The 10.0% 2018 Notes [Member]
Debt Instrument, Interest Rate, Stated Percentage	[1],[2]	10.00%	10.00%
Debt Instrument, Maturity Date	[1],[2]	Oct. 15, 2018	Oct. 15, 2018
Senior Secured Notes [Member] | The 9.125% 2020 Notes [Member]
Debt Instrument, Interest Rate, Stated Percentage	[1],[2]	9.125%	9.125%
Debt Instrument, Maturity Date	[1],[2]	Nov. 15, 2020	Nov. 15, 2020
Senior Secured Notes [Member] | The 9.50% 2020 Notes [Member]
Debt Instrument, Interest Rate, Stated Percentage	[1],[2]	9.50%	9.50%
Debt Instrument, Maturity Date	[1],[2]	Nov. 15, 2020	Nov. 15, 2020
Senior Secured Notes [Member] | The 2.0% 2021 Notes [Member]
Debt Instrument, Interest Rate, Stated Percentage	[1],[2]	2.00%	2.00%
Debt Instrument, Maturity Date	[1],[2]	Nov. 1, 2021	Nov. 1, 2021
Senior Secured Notes [Member] | The 5.0% 2021 Notes [Member]
Debt Instrument, Interest Rate, Stated Percentage	[1],[2]	5.00%	5.00%
Debt Instrument, Maturity Date	[1],[2]	Nov. 1, 2021	Nov. 1, 2021
Unsecured Senior Notes Excluding Senior Amortizing Notes and Senior Exchangeable Notes [Member] | The 7.0% 2019 Notes [Member]
Debt Instrument, Interest Rate, Stated Percentage	[1],[2]	7.00%	7.00%
Debt Instrument, Maturity Date	[1],[2]	Jan. 15, 2019	Jan. 15, 2019
Unsecured Senior Notes Excluding Senior Amortizing Notes and Senior Exchangeable Notes [Member] | The 8.0% Senior Notes Due 2019 [Member]
Debt Instrument, Interest Rate, Stated Percentage	[1],[2]	8.00%	8.00%
Debt Instrument, Maturity Date	[1],[2]	Nov. 1, 2019	Nov. 1, 2019
Senior Amortizing Notes [Member] | The 11.0% 2017 Amortizing Note [Member]
Debt Instrument, Interest Rate, Stated Percentage	[1],[2]	11.00%	11.00%
Debt Instrument, Maturity Date	[1],[2]	Dec. 1, 2017	Dec. 1, 2017
Senior Amortizing Notes [Member] | Senior Exchangeable Notes Due 2017 [Member]
Debt Instrument, Maturity Date	[1],[2]	Dec. 1, 2017	Dec. 1, 2017
[1]	"Notes payable and term loan" on our Condensed Consolidated Balance Sheets as of April 30, 2017 and October 31, 2016 consists of the total senior secured, senior, senior amortizing and senior exchangeable notes and senior secured term loan shown above, as well as accrued interest of $31.1 million and $32.4 million, respectively.
[2]	As discussed in Note 1, we adopted ASU 2015-03 in November 2016. We applied the new guidance retrospectively to all prior periods presented in the financial statements to conform to the fiscal 2017 presentation. As a result, $20.2 million of debt issuance costs at October 31, 2016, were reclassified from prepaids and other assets to a reduction in our senior secured term loan, senior secured, senior, senior amortizing and senior exchangeable notes. Debt issuance costs at April 30, 2017 were $17.8 million.

Note 12 - Per Share Calculati54

Note 12 - Per Share Calculation (Details Textual) - shares shares in Thousands	3 Months Ended		6 Months Ended
	Apr. 30, 2017	Apr. 30, 2016	Apr. 30, 2017	Apr. 30, 2016
Exchangeable Note Unit Rate Stated Percentage	6.00%		6.00%
Non Vested Stock and Outstanding Options [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	0	0	0	0
Convertible Debt Securities [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	10,000	15,200	10,100	15,200
Out of the Money Stock Options [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	4,700	6,400	4,700	6,400

Note 13 - Preferred Stock (Deta

Note 13 - Preferred Stock (Details Textual) - USD ($) $ / shares in Units, $ in Thousands	Jul. 12, 2005	Apr. 30, 2017	Apr. 30, 2016	Apr. 30, 2017	Apr. 30, 2016	Oct. 31, 2016	[1]
Preferred Stock, Shares Issued		5,600		5,600		5,600
Preferred Class A [Member]
Preferred Stock, Shares Issued	5,600
Preferred Stock, Dividend Rate, Percentage	7.625%
Preferred Stock, Liquidation Preference Per Share	$ 25,000
Preferred Stock, Depositary Shares, Number of Shares of Preferred Stock in Each Depositary Share	0.001
Payments of Dividends		$ 0	$ 0	$ 0	$ 0
[1]	Derived from the audited balance sheet as of October 31, 2016. See notes to condensed consolidated financial statements (unaudited).

Note 14 - Common Stock (Details

Note 14 - Common Stock (Details Textual)	3 Months Ended	6 Months Ended
	Apr. 30, 2017shares	Apr. 30, 2017shares	Dec. 05, 2008	Aug. 15, 2008	Aug. 04, 2008	Jul. 03, 2001shares
Common Stock Dividends Percent of Increase from Class A to Class B	110.00%	110.00%
Conversion of Stock From Class B to Class A Conversion Ratio		1
Shareholder Ownership Percentage of Increase					50.00%
Minimum [Member]
Shareholder Ownership Percentage					5.00%
Common Class A [Member]
Common Stock Voting Rights Votes per Share Number		1
Shareholder Ownership Percentage				4.90%
Number of Rights				1
Stock Repurchase Program, Remaining Number of Shares Authorized to be Repurchased	500,000	500,000
Shareholders Pre Existing Ownership Percentage			5.00%
Shareholders Current Ownership Percentage			5.00%
Shareholders Ownership Percentage on Transfers			5.00%
Shareholders Ownership Percentage Threshold			5.00%
Stock Repurchase Program, Number of Shares Authorized to be Repurchased						4,000,000
Stock Repurchased During Period, Shares	0	0
Common Class B [Member]
Common Stock Voting Rights Votes per Share Number		10

Note 15 - Income Taxes (Details

Note 15 - Income Taxes (Details Textual) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Apr. 30, 2017	Apr. 30, 2016	Apr. 30, 2017	Apr. 30, 2016
Income Tax Expense (Benefit)	$ (1,017)	$ (9,143)	$ (551)	$ (6,164)
Deferred Tax Assets, Valuation Allowance	628,000		628,000
Interest Reduction, Amount Per Year			20,000
Required Minimum Taxable Income	275,000		275,000
State and Local Jurisdiction [Member]
Income Tax Expense (Benefit)	2,292	$ (758)	2,274	$ 3,561
State and Local Jurisdiction [Member] | Between 2017 and 2036 [Member]
Operating Loss Carryforwards	2,200,000		2,200,000
State and Local Jurisdiction [Member] | Between 2017 and 2021 [Member]
Operating Loss Carryforwards	301,700		301,700
State and Local Jurisdiction [Member] | Between 2022 and 2026 [Member]
Operating Loss Carryforwards	253,900		253,900
State and Local Jurisdiction [Member] | Between 2027 and 2031 [Member]
Operating Loss Carryforwards	1,327,300		1,327,300
State and Local Jurisdiction [Member] | Between 2032 and 2036 [Member]
Operating Loss Carryforwards	$ 348,000		$ 348,000

Note 16 - Operating and Repor58

Note 16 - Operating and Reporting Segments (Details Textual) $ in Thousands		3 Months Ended		6 Months Ended
		Apr. 30, 2017USD ($)	Apr. 30, 2016USD ($)	Apr. 30, 2017USD ($)	Apr. 30, 2016USD ($)	Oct. 31, 2016USD ($)
Other Nonoperating Income (Expense)		$ 95	$ (1,147)	$ (1,492)	$ (2,531)
Real Estate Inventory Expense Not Eligible for Capitalization	[1],[2]	22,297	24,084	44,924	45,309
Gain (Loss) on Extinguishment of Debt		(242)		7,404
Deferred Tax Assets, Net of Valuation Allowance		284,452		284,452		$ 283,633	[3]
Qualifying Assets Not Exceeding Debt [Member]
Real Estate Inventory Expense Not Eligible for Capitalization		16,000	$ 12,200	29,300	$ 26,700
Corporate, Non-Segment [Member]
Other Nonoperating Income (Expense)		100		800
General and Administrative Expense		16,100		31,700
Gain (Loss) on Extinguishment of Debt		(200)		(7,400)
Deferred Tax Assets, Net of Valuation Allowance		284,500		284,500		$ 283,600
Corporate, Non-Segment [Member] | Qualifying Assets Not Exceeding Debt [Member]
Real Estate Inventory Expense Not Eligible for Capitalization		$ 16,000		$ 29,300
Homebuilding [Member]
Number of Reportable Segments				6
[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 $16.0 million and $12.2 million for the three months ended April 30, 2017 and 2016, respectively, and $29.3 million and $26.7 million for the six months ended April 30, 2017 and 2016, 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. This component of other interest was $6.3 million and $11.9 million for the three months ended April 30, 2017 and 2016, respectively, and $15.6 million and $18.6 million for the six months ended April 30, 2017 and 2016, respectively.
[3]	Derived from the audited balance sheet as of October 31, 2016. See notes to condensed consolidated financial statements (unaudited).

Note 16 - Operating and Repor59

Note 16 - Operating and Reporting Segments - Financial Information Relating to Segment Operations (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Apr. 30, 2017	Apr. 30, 2016	Apr. 30, 2017	Apr. 30, 2016
Total revenues		$ 585,935	$ 654,723	$ 1,137,944	$ 1,230,328
(Loss) income before income taxes		(7,699)	(17,604)	(7,376)	(30,798)
Corporate, Non-Segment [Member]
Total revenues		139	(72)	272	(92)
(Loss) income before income taxes	[1]	(32,389)	(26,272)	(54,435)	(57,841)
Homebuilding [Member] | Operating Segments [Member]
Total revenues		571,302	637,792	1,110,329	1,195,191
(Loss) income before income taxes		17,556	1,283	33,931	9,647
Homebuilding [Member] | Northeast [Member] | Operating Segments [Member]
Total revenues		45,950	54,046	104,525	126,550
(Loss) income before income taxes		(2,722)	(6,684)	(1,816)	(3,950)
Homebuilding [Member] | Mid-Atlantic [Member] | Operating Segments [Member]
Total revenues		100,600	89,987	200,826	183,807
(Loss) income before income taxes		918	1,072	4,800	3,694
Homebuilding [Member] | Midwest [Member] | Operating Segments [Member]
Total revenues		42,019	84,631	85,721	176,551
(Loss) income before income taxes		(3,170)	(23)	(2,458)	(5,582)
Homebuilding [Member] | Southeast [Member] | Operating Segments [Member]
Total revenues		56,635	51,298	113,219	90,550
(Loss) income before income taxes		428	(7,255)	134	(9,089)
Homebuilding [Member] | Southwest [Member] | Operating Segments [Member]
Total revenues		225,255	276,735	408,664	481,060
(Loss) income before income taxes		19,785	18,491	31,708	34,860
Homebuilding [Member] | West [Member] | Operating Segments [Member]
Total revenues		100,843	81,095	197,374	136,673
(Loss) income before income taxes		2,317	(4,318)	1,563	(10,286)
Financial Services [Member] | Operating Segments [Member]
Total revenues		14,494	17,003	27,343	35,229
(Loss) income before income taxes		$ 7,134	$ 7,385	$ 13,128	$ 17,396
[1]	Corporate and unallocated for the three months ended April 30, 2017 included corporate general and administrative costs of $16.1 million, interest expense of $16.0 million (a component of Other interest on our Condensed Consolidated Statements of Operations), loss on extinguishment of debt of $0.2 million and $0.1 million of other income and expenses primarily related to stock compensation and rental income. Corporate and unallocated for the six months ended April 30, 2017 included corporate general and administrative costs of $31.7 million, interest expense of $29.3 million (a component of Other interest on our Condensed Consolidated Statements of Operations), gain on extinguishment of debt of $7.4 million and $0.8 million of other income and expenses primarily related to bond amortization, stock compensation and rental income.

Note 16 - Operating and Repor60

Note 16 - Operating and Reporting Segments - Financial Information Relating to Segment Financial Position (Details) - USD ($) $ in Thousands		Apr. 30, 2017	Oct. 31, 2016
Assets		$ 2,133,596	$ 2,354,956	[1]
Corporate, Non-Segment [Member]
Assets	[2]	641,674	696,872
Homebuilding [Member]
Assets		1,729,606	1,874,093	[1]
Homebuilding [Member] | Operating Segments [Member]
Assets		1,372,384	1,460,854
Homebuilding [Member] | Northeast [Member] | Operating Segments [Member]
Assets		196,796	219,363
Homebuilding [Member] | Mid-Atlantic [Member] | Operating Segments [Member]
Assets		290,279	292,899
Homebuilding [Member] | Midwest [Member] | Operating Segments [Member]
Assets		103,805	111,596
Homebuilding [Member] | Southeast [Member] | Operating Segments [Member]
Assets		236,085	226,124
Homebuilding [Member] | Southwest [Member] | Operating Segments [Member]
Assets		337,646	341,472
Homebuilding [Member] | West [Member] | Operating Segments [Member]
Assets		207,773	269,400
Financial Services [Member]
Assets		119,538	197,230
Financial Services [Member] | Operating Segments [Member]
Assets		$ 119,538	$ 197,230
[1]	Derived from the audited balance sheet as of October 31, 2016. See notes to condensed consolidated financial statements (unaudited).
[2]	Includes $284.5 million and $283.6 million of income taxes receivable, including deferred tax assets, as of April 30, 2017 and October 31, 2016, respectively.

Note 17 - Investments in Unco61

Note 17 - Investments in Unconsolidated Homebuilding and Land Development Joint Ventures (Details Textual) $ in Thousands	1 Months Ended	3 Months Ended				6 Months Ended
	Nov. 30, 2015USD ($)	Apr. 30, 2017USD ($)	Jan. 31, 2017USD ($)	Jul. 31, 2016USD ($)	Apr. 30, 2016USD ($)	Apr. 30, 2017USD ($)	Apr. 30, 2016USD ($)	Oct. 31, 2016USD ($)
Number of Owned Communities Transferred to the Joint Venture			1	8
Number of Optioned Communities Transferred to the Joint Venture			3	1
Proceeds from Transfer of Land to Joint Venture			$ 11,200	$ 29,800
Joint Venture Financing Percent of Assets		50.00%				50.00%
Joint Venture Total Debt to Capitalization Ratio		48.00%				48.00%
Corporate Joint Venture [Member]
Advances to Affiliate		$ 13,600				$ 13,600		$ 8,900
Land Development Venture [Member]
Proceeds from Transfer of Land to Joint Venture	$ 25,700
Homebuilding [Member]
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures		106,704				106,704		$ 100,502
Management Fees Revenue		$ 3,000			$ 1,100	$ 5,100	$ 1,900
Homebuilding [Member] | Corporate Joint Venture [Member]
Joint Venture Total Debt to Capitalization Ratio		48.00%				48.00%		41.00%

Note 17 - Investments in Unco62

Note 17 - Investments in Unconsolidated Homebuilding and Land Development Joint Ventures - Unconsolidated Homebuilding and Land Development Joint Ventures (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Apr. 30, 2017	Apr. 30, 2016	Apr. 30, 2017	Apr. 30, 2016	Oct. 31, 2016
Our share of net (loss) income	$ (4,562)	$ (1,346)	$ (6,228)	$ (2,826)
Debt to capitalization ratio	48.00%		48.00%
Homebuilding [Member] | Corporate Joint Venture [Member]
Cost of sales and expenses	$ (89,798)	(31,576)	$ (158,006)	(56,978)
Joint venture net (loss) income	(1,584)	(5,295)	(3,653)	(9,335)
Our share of net (loss) income	(4,675)	(1,140)	(6,246)	(2,700)
Cash and cash equivalents	45,089		45,089		$ 50,020
Inventories	635,657		635,657		527,957
Other assets	28,847		28,847		25,865
Total assets	709,593		709,593		603,842
Accounts payable and accrued liabilities	98,360		98,360		74,114
Notes payable	291,281		291,281		217,172
Total liabilities	389,641		389,641		291,286
Hovnanian Enterprises, Inc.	93,142		93,142		91,599
Others	226,810		226,810		220,957
Total equity	319,952		319,952		312,556
Total liabilities and equity	$ 709,593		$ 709,593		$ 603,842
Debt to capitalization ratio	48.00%		48.00%		41.00%
Revenues	$ 88,214	26,281	$ 154,353	47,643
Homebuilding Venture [Member] | Homebuilding [Member] | Corporate Joint Venture [Member]
Cost of sales and expenses	(87,957)	(31,480)	(155,183)	(55,659)
Joint venture net (loss) income	(1,401)	(5,720)	(3,690)	(9,633)
Our share of net (loss) income	(4,583)	(1,353)	(6,264)	(2,849)
Cash and cash equivalents	44,927		44,927		$ 48,542
Inventories	625,716		625,716		516,947
Other assets	28,847		28,847		25,865
Total assets	699,490		699,490		591,354
Accounts payable and accrued liabilities	97,887		97,887		72,302
Notes payable	289,791		289,791		214,911
Total liabilities	387,678		387,678		287,213
Hovnanian Enterprises, Inc.	89,904		89,904		88,379
Others	221,908		221,908		215,762
Total equity	311,812		311,812		304,141
Total liabilities and equity	$ 699,490		$ 699,490		$ 591,354
Debt to capitalization ratio	48.00%		48.00%		41.00%
Revenues	$ 86,556	25,760	$ 151,493	46,026
Land Development Venture [Member] | Homebuilding [Member] | Corporate Joint Venture [Member]
Cost of sales and expenses	(1,841)	(96)	(2,823)	(1,319)
Joint venture net (loss) income	(183)	425	37	298
Our share of net (loss) income	(92)	213	18	149
Cash and cash equivalents	162		162		$ 1,478
Inventories	9,941		9,941		11,010
Other assets
Total assets	10,103		10,103		12,488
Accounts payable and accrued liabilities	473		473		1,812
Notes payable	1,490		1,490		2,261
Total liabilities	1,963		1,963		4,073
Hovnanian Enterprises, Inc.	3,238		3,238		3,220
Others	4,902		4,902		5,195
Total equity	8,140		8,140		8,415
Total liabilities and equity	$ 10,103		$ 10,103		$ 12,488
Debt to capitalization ratio	15.00%		15.00%		21.00%
Revenues	$ 1,658	$ 521	$ 2,860	$ 1,617

Note 19 - Fair Value of Finan63

Note 19 - Fair Value of Financial Instruments (Details Textual) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Apr. 30, 2017	Apr. 30, 2016	Apr. 30, 2017	Apr. 30, 2016	Oct. 31, 2016
Loans Held for Sale Mortgages Unpaid Principal	$ 82,600		$ 82,600		$ 149,400
Other Commitment	32,000		32,000
Impairment of Real Estate	1,500	$ 5,400	4,200	$ 15,100
Fair Value, Inputs, Level 2 [Member] | Unsecured Senior Notes Excluding Senior Amortizing Notes and Senior Exchangeable Notes [Member]
Notes Payable, Fair Value Disclosure	314,300		314,300		251,700
Fair Value, Inputs, Level 3 [Member] | Senior Secured Notes [Member]
Notes Payable, Fair Value Disclosure	963,400		963,400		883,000
Fair Value, Inputs, Level 3 [Member] | Senior Amortizing Notes [Member]
Notes Payable, Fair Value Disclosure	4,000		4,000		6,300
Fair Value, Inputs, Level 3 [Member] | Senior Exchangeable Notes [Member]
Notes Payable, Fair Value Disclosure	52,600		52,600		$ 55,200
Loan Origination Commitments [Member]
Loan Applications in Process	541,300		$ 541,300
Loan Origination Commitments [Member] | Maximum [Member]
Number of Days in Committment			60 days
Interest Rate Committed Loan Applications [Member]
Interest Rate Committed Loan Applications	$ 59,500		$ 59,500

Note 19 - Fair Value of Finan64

Note 19 - Fair Value of Financial Instruments - Financial Instruments Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Thousands		Apr. 30, 2017	Oct. 31, 2016
Total		$ 88,101	$ 165,083
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member]
Mortgage loans held for sale	[1]	88,307	165,077
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | Interest Rate Lock Commitments [Member]
Derivative Fair Value		100	(80)
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | Forward Contracts [Member]
Derivative Fair Value		$ (306)	$ 86
[1]	The aggregate unpaid principal balance was $82.6 million and $149.4 million at April 30, 2017 and October 31, 2016, respectively.

Note 19 - Fair Value of Finan65

Note 19 - 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		6 Months Ended
	Apr. 30, 2017	Apr. 30, 2016	Apr. 30, 2017	Apr. 30, 2016
Loans Held for Sale [Member]
Changes in fair value included in net loss all reflected in financial services revenues	$ 645	$ (1,178)	$ (2,379)	$ 3,829
Interest Rate Lock Commitments [Member]
Changes in fair value included in net loss all reflected in financial services revenues	109	(377)	179	30
Forward Contracts [Member]
Changes in fair value included in net loss all reflected in financial services revenues	$ (422)	$ 593	$ (391)	$ (550)

Note 19 - Fair Value of Finan66

Note 19 - Fair Value of Financial Instruments - Assets Measured at Fair Value on a Nonrecurring Basis (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Apr. 30, 2017	Apr. 30, 2016	Apr. 30, 2017	Apr. 30, 2016
PreImpairment Value	$ 8,500	$ 16,700	$ 21,100	$ 45,400
Total Losses	(1,500)	(5,400)	(4,200)	(15,100)
Sold and Unsold Homes and Lots Under Development [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member]
Fair Value of Inventory	6,925	10,980	10,640	29,839
PreImpairment Value	8,474	15,710	14,776	44,238
Total Losses	(1,549)	(4,730)	(4,136)	(14,399)
Land and Land Options Held for Future Development or Sale [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member]
Fair Value of Inventory		366	6,245	475
PreImpairment Value		1,012	6,326	1,169
Total Losses		$ (646)	$ (81)	$ (694)

Note 20 - Financial Informati67

Note 20 - Financial Information of Subsidiary Issuer and Subsidiary Guarantors (Details Textual) - USD ($) $ in Millions		6 Months Ended
		Apr. 30, 2017	Oct. 31, 2016
Exchangeable Note Unit Rate Stated Percentage		6.00%
Direct or Indirect Ownership in Guarantor Subsidiaries Percentage		100.00%
Senior Secured Notes [Member] | The 9.50% 2020 Notes [Member]
Debt Instrument, Interest Rate, Stated Percentage	[1],[2]	9.50%	9.50%
Senior Secured Notes [Member] | The 10.0% 2018 Notes [Member]
Debt Instrument, Interest Rate, Stated Percentage	[1],[2]	10.00%	10.00%
Senior Secured Notes [Member] | Subsidiary Issuer [Member]
Debt Instrument, Face Amount		$ 1,067
Senior Notes		$ 1,044
Unsecured Senior Notes Excluding Senior Amortizing Notes and Senior Exchangeable Notes [Member] | The 7.0% 2019 Notes [Member]
Debt Instrument, Interest Rate, Stated Percentage	[1],[2]	7.00%	7.00%
Unsecured Senior Notes Excluding Senior Amortizing Notes and Senior Exchangeable Notes [Member] | The 8.0% Senior Notes Due 2019 [Member]
Debt Instrument, Interest Rate, Stated Percentage	[1],[2]	8.00%	8.00%
Unsecured Senior Notes Excluding Senior Amortizing Notes and Senior Exchangeable Notes [Member] | Subsidiary Issuer [Member]
Debt Instrument, Face Amount		$ 368.5
Senior Notes		365.6
Senior Amortizing Notes [Member] | Subsidiary Issuer [Member]
Debt Instrument, Face Amount		4
Senior Notes		3.9
Senior Exchangeable Notes [Member] | Subsidiary Issuer [Member]
Debt Instrument, Face Amount		52.6
Senior Notes		$ 52.4
[1]	"Notes payable and term loan" on our Condensed Consolidated Balance Sheets as of April 30, 2017 and October 31, 2016 consists of the total senior secured, senior, senior amortizing and senior exchangeable notes and senior secured term loan shown above, as well as accrued interest of $31.1 million and $32.4 million, respectively.
[2]	As discussed in Note 1, we adopted ASU 2015-03 in November 2016. We applied the new guidance retrospectively to all prior periods presented in the financial statements to conform to the fiscal 2017 presentation. As a result, $20.2 million of debt issuance costs at October 31, 2016, were reclassified from prepaids and other assets to a reduction in our senior secured term loan, senior secured, senior, senior amortizing and senior exchangeable notes. Debt issuance costs at April 30, 2017 were $17.8 million.

Note 20 - Financial Informati68

Note 20 - Financial Information of Subsidiary Issuer and Subsidiary Guarantors - Consolidating Condensed Financial Statements - Balance Sheets (Details) - USD ($) $ in Thousands	Apr. 30, 2017	Oct. 31, 2016
Liabilities	$ 2,267,499	$ 2,483,466	[1]
Notes payable and term loan and Revolving credit facility	1,621,375	1,657,758
Stockholders’ (deficit) equity	(133,903)	(128,510)	[1]
Total liabilities and equity	2,133,596	2,354,956	[1]
Assets	2,133,596	2,354,956	[1]
Income taxes receivable	284,452	283,633
Homebuilding [Member]
Homebuilding, excluding Notes payable and term loan and Revolving credit facility	549,047	653,263
Liabilities	2,170,422	2,311,021	[1]
Assets	1,729,606	1,874,093	[1]
Financial Services [Member]
Liabilities	97,077	172,445	[1]
Assets	119,538	197,230
Consolidation, Eliminations [Member]
Notes payable and term loan and Revolving credit facility
Intercompany payable	(1,263,262)	(1,315,446)
Amounts due to consolidated subsidiaries	(134,565)	(82,951)
Stockholders’ (deficit) equity	(237,509)	(359,591)
Total liabilities and equity	(1,635,336)	(1,757,988)
Investments in and amounts due from consolidated subsidiaries	(372,077)	(442,542)
Assets	(1,635,336)	(1,757,988)
Intercompany receivable	(1,263,259)	(1,315,446)
Consolidation, Eliminations [Member] | Homebuilding [Member]
Homebuilding, excluding Notes payable and term loan and Revolving credit facility
Assets
Parent Company [Member] | Reportable Legal Entities [Member]
Notes payable and term loan and Revolving credit facility
Intercompany payable	155,137	157,993
Amounts due to consolidated subsidiaries	110,590	82,951
Stockholders’ (deficit) equity	(133,903)	(128,510)
Total liabilities and equity	134,291	115,940
Assets	134,291	115,940
Income taxes receivable	134,291	115,940
Parent Company [Member] | Reportable Legal Entities [Member] | Homebuilding [Member]
Homebuilding, excluding Notes payable and term loan and Revolving credit facility	2,467	3,506
Assets
Subsidiary Issuer [Member] | Reportable Legal Entities [Member]
Notes payable and term loan and Revolving credit facility	1,617,889	1,652,357
Amounts due to consolidated subsidiaries	23,975
Stockholders’ (deficit) equity	(234,675)	(208,608)
Total liabilities and equity	1,407,318	1,444,867
Investments in and amounts due from consolidated subsidiaries		4,914
Assets	1,407,318	1,444,867
Income taxes receivable	(43,308)	(58,597)
Intercompany receivable	1,249,183	1,227,334
Subsidiary Issuer [Member] | Reportable Legal Entities [Member] | Homebuilding [Member]
Homebuilding, excluding Notes payable and term loan and Revolving credit facility	129	1,118
Assets	201,443	271,216
Guarantor Subsidiaries [Member] | Reportable Legal Entities [Member]
Notes payable and term loan and Revolving credit facility	3,001	5,084
Intercompany payable	1,108,125	1,157,453
Stockholders’ (deficit) equity	100,107	130,568
Total liabilities and equity	1,719,547	1,871,606
Investments in and amounts due from consolidated subsidiaries	372,077	437,628
Assets	1,719,547	1,871,606
Income taxes receivable	193,437	226,258
Guarantor Subsidiaries [Member] | Reportable Legal Entities [Member] | Homebuilding [Member]
Homebuilding, excluding Notes payable and term loan and Revolving credit facility	488,589	565,163
Assets	1,133,656	1,194,267
Guarantor Subsidiaries [Member] | Reportable Legal Entities [Member] | Financial Services [Member]
Liabilities	19,725	13,338
Assets	20,377	13,453
Non-Guarantor Subsidiaries [Member] | Reportable Legal Entities [Member]
Notes payable and term loan and Revolving credit facility	485	317
Stockholders’ (deficit) equity	372,077	437,631
Total liabilities and equity	507,776	680,531
Assets	507,776	680,531
Income taxes receivable	32	32
Intercompany receivable	14,076	88,112
Non-Guarantor Subsidiaries [Member] | Reportable Legal Entities [Member] | Homebuilding [Member]
Homebuilding, excluding Notes payable and term loan and Revolving credit facility	57,862	83,476
Assets	394,507	408,610
Non-Guarantor Subsidiaries [Member] | Reportable Legal Entities [Member] | Financial Services [Member]
Liabilities	77,352	159,107
Assets	$ 99,161	$ 183,777
[1]	Derived from the audited balance sheet as of October 31, 2016. See notes to condensed consolidated financial statements (unaudited).

Note 20 - Financial Informati69

Note 20 - Financial Information of Subsidiary Issuer and Subsidiary Guarantors - Consolidating Condensed Financial Statements - Statements of Operations (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Apr. 30, 2017	Apr. 30, 2016	Apr. 30, 2017	Apr. 30, 2016
Total expenses	$ 588,830	$ 670,981	$ 1,146,496	$ 1,258,300
Gain (Loss) on Extinguishment of Debt	(242)		7,404
Income (loss) from unconsolidated joint ventures	(4,562)	(1,346)	(6,228)	(2,826)
(Loss) income before income taxes	(7,699)	(17,604)	(7,376)	(30,798)
Income Tax Expense (Benefit)	(1,017)	(9,143)	(551)	(6,164)
Net (loss) income	(6,682)	(8,461)	(6,825)	(24,634)
Total revenues	585,935	654,723	1,137,944	1,230,328
Homebuilding [Member]
Total expenses	581,470	661,363	1,132,281	1,240,467
Homebuilding revenue	571,441	637,720	1,110,601	1,195,099
Financial Services [Member]
Total expenses	7,360	9,618	14,215	17,833
Financial services revenue	14,494	17,003	27,343	35,229
Reportable Legal Entities [Member] | Guarantor Subsidiaries [Member]
Total expenses	497,726	553,214	966,972	1,055,921
Income (loss) from unconsolidated joint ventures	20	7	36	23
(Loss) income before income taxes	(11,015)	(27,113)	(22,375)	(52,649)
Income Tax Expense (Benefit)	13,609	4,152	37,551	28,599
Equity in (loss) income of consolidated subsidiaries	14,798	15,995	29,465	31,548
Net (loss) income	(9,826)	(15,270)	(30,461)	(49,700)
Intercompany charges	23,218	25,838	46,158	60,301
Total revenues	486,691	526,094	944,561	1,003,249
Reportable Legal Entities [Member] | Guarantor Subsidiaries [Member] | Homebuilding [Member]
Total expenses	472,748	525,553	917,341	992,173
Homebuilding revenue	483,942	523,418	939,314	998,328
Reportable Legal Entities [Member] | Guarantor Subsidiaries [Member] | Financial Services [Member]
Total expenses	1,760	1,823	3,473	3,447
Financial services revenue	2,749	2,676	5,247	4,921
Reportable Legal Entities [Member] | Non-Guarantor Subsidiaries [Member]
Total expenses	79,864	111,281	157,654	192,682
Income (loss) from unconsolidated joint ventures	(4,582)	(1,353)	(6,264)	(2,849)
(Loss) income before income taxes	14,798	15,995	29,465	31,548
Net (loss) income	14,798	15,995	29,465	31,548
Intercompany charges		729		806
Total revenues	99,244	128,629	193,383	227,079
Reportable Legal Entities [Member] | Non-Guarantor Subsidiaries [Member] | Homebuilding [Member]
Total expenses	74,264	102,757	146,912	177,490
Homebuilding revenue	87,499	114,302	171,287	196,771
Reportable Legal Entities [Member] | Non-Guarantor Subsidiaries [Member] | Financial Services [Member]
Total expenses	5,600	7,795	10,742	14,386
Financial services revenue	11,745	14,327	22,096	30,308
Reportable Legal Entities [Member] | Subsidiary Issuer [Member]
Total expenses	32,987	33,396	66,029	69,207
Gain (Loss) on Extinguishment of Debt	(242)		7,404
(Loss) income before income taxes	(10,011)	(6,829)	(12,467)	(8,100)
Income Tax Expense (Benefit)	(8,354)	(8,410)	(15,289)	(15,328)
Equity in (loss) income of consolidated subsidiaries	(14,886)	(13,562)	(28,889)	(27,072)
Net (loss) income	(16,543)	(11,981)	(26,067)	(19,844)
Intercompany charges	23,218	26,567	46,158	61,107
Total revenues	23,218	26,567	46,158	61,107
Reportable Legal Entities [Member] | Subsidiary Issuer [Member] | Homebuilding [Member]
Total expenses	32,987	33,396	66,029	69,207
Reportable Legal Entities [Member] | Parent Company [Member]
Total expenses	1,471	(343)	1,999	1,597
(Loss) income before income taxes	(1,471)	343	(1,999)	(1,597)
Income Tax Expense (Benefit)	(6,272)	(4,885)	(22,813)	(19,435)
Equity in (loss) income of consolidated subsidiaries	(11,483)	(13,689)	(27,639)	(42,472)
Net (loss) income	(6,682)	(8,461)	(6,825)	(24,634)
Reportable Legal Entities [Member] | Parent Company [Member] | Homebuilding [Member]
Total expenses	1,471	(343)	1,999	1,597
Consolidation, Eliminations [Member]
Total expenses	(23,218)	(26,567)	(46,158)	(61,107)
Equity in (loss) income of consolidated subsidiaries	11,571	11,256	27,063	37,996
Net (loss) income	11,571	11,256	27,063	37,996
Intercompany charges	(23,218)	(26,567)	(46,158)	(61,107)
Total revenues	$ (23,218)	$ (26,567)	$ (46,158)	$ (61,107)

Note 20 - Financial Informati70

Note 20 - Financial Information of Subsidiary Issuer and Subsidiary Guarantors - Consolidating Condensed Financial Statements - Statements of Cash Flows (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Apr. 30, 2017	Apr. 30, 2016	Apr. 30, 2017	Apr. 30, 2016
Investments in and advances to unconsolidated joint ventures			$ (23,368)	$ (16,743)
Distributions of capital from unconsolidated joint ventures			10,735	5,065
Net cash provided by (used in) investing activities			(19,761)	(13,093)
Net payments related to mortgages and notes			(16,240)	(19,139)
Net proceeds from model sale leaseback financing programs			(1,818)	1,219
Net proceeds from land bank financing programs			(32,974)	114,473
Payments related to senior notes and senior amortizing notes			(33,327)	(175,040)
Borrowings from revolving credit facility				3,000
Net proceeds related to mortgage warehouse lines of credit			(75,471)	257
Deferred financing costs from land bank financing programs and note issuances			(3,605)	(4,581)
Intercompany financing activities
Net cash provided by (used in) financing activities			(163,435)	(79,811)
Net (decrease) increase in cash			(65,978)	(124,091)
Cash and cash equivalents balance, beginning of period			346,765	253,745
Net (loss) income	$ (6,682)	$ (8,461)	(6,825)	(24,634)
Adjustments to reconcile net (loss) income to net cash used in operating activities			124,043	(6,553)
Net cash (used in) provided by operating activities			117,218	(31,187)
Proceeds from sale of property and assets			86	115
Purchase of property, equipment & other fixed assets and acquisitions			(4,500)	(1,651)
Cash and cash equivalents balance, end of period	280,787	129,654	280,787	129,654
Related to Mortgage Company [Member]
(Increase) decrease in restricted cash			(2,715)	(204)
Related to Letters of Credit [Member]
(Increase) decrease in restricted cash			1	325
Reportable Legal Entities [Member] | Parent Company [Member]
Intercompany financing activities			24,783	36,668
Net cash provided by (used in) financing activities			24,783	36,668
Net (loss) income	(6,682)	(8,461)	(6,825)	(24,634)
Adjustments to reconcile net (loss) income to net cash used in operating activities			(17,958)	(12,034)
Net cash (used in) provided by operating activities			(24,783)	(36,668)
Reportable Legal Entities [Member] | Subsidiary Issuer [Member]
Investments in and advances to unconsolidated joint ventures			(240)	(130)
Distributions of capital from unconsolidated joint ventures				(186)
Intercompany investing activities			7,043	80,160
Net cash provided by (used in) investing activities			6,804	80,169
Payments related to senior notes and senior amortizing notes			(33,327)	(175,040)
Borrowings from revolving credit facility				3,000
Deferred financing costs from land bank financing programs and note issuances			(2,459)
Net cash provided by (used in) financing activities			(35,786)	(172,040)
Net (decrease) increase in cash			(69,780)	(89,637)
Cash and cash equivalents balance, beginning of period			261,553	199,318
Net (loss) income	(16,543)	(11,981)	(26,067)	(19,844)
Adjustments to reconcile net (loss) income to net cash used in operating activities			(14,731)	22,078
Net cash (used in) provided by operating activities			(40,798)	2,234
Cash and cash equivalents balance, end of period	191,773	109,681	191,773	109,681
Reportable Legal Entities [Member] | Subsidiary Issuer [Member] | Related to Letters of Credit [Member]
(Increase) decrease in restricted cash			1	325
Reportable Legal Entities [Member] | Guarantor Subsidiaries [Member]
Investments in and advances to unconsolidated joint ventures				(990)
Distributions of capital from unconsolidated joint ventures			27	1,087
Net cash provided by (used in) investing activities			(4,387)	(1,429)
Net payments related to mortgages and notes			(3,116)	(13,649)
Net proceeds from model sale leaseback financing programs			698	3,179
Net proceeds from land bank financing programs			(27,176)	90,425
Deferred financing costs from land bank financing programs and note issuances			(973)	(3,380)
Intercompany financing activities			(105,862)	(146,900)
Net cash provided by (used in) financing activities			(136,429)	(70,325)
Net (decrease) increase in cash			(2,694)	(743)
Cash and cash equivalents balance, beginning of period			(395)	(4,800)
Net (loss) income	(9,826)	(15,270)	(30,461)	(49,700)
Adjustments to reconcile net (loss) income to net cash used in operating activities			168,583	120,711
Net cash (used in) provided by operating activities			138,122	71,011
Proceeds from sale of property and assets			86	94
Purchase of property, equipment & other fixed assets and acquisitions			(4,500)	(1,620)
Cash and cash equivalents balance, end of period	(3,089)	(5,543)	(3,089)	(5,543)
Reportable Legal Entities [Member] | Non-Guarantor Subsidiaries [Member]
Investments in and advances to unconsolidated joint ventures			(23,128)	(15,623)
Distributions of capital from unconsolidated joint ventures			10,708	4,164
Net cash provided by (used in) investing activities			(15,135)	(11,673)
Net payments related to mortgages and notes			(13,124)	(5,490)
Net proceeds from model sale leaseback financing programs			(2,516)	(1,960)
Net proceeds from land bank financing programs			(5,798)	24,048
Net proceeds related to mortgage warehouse lines of credit			(75,471)	257
Deferred financing costs from land bank financing programs and note issuances			(173)	(1,201)
Intercompany financing activities			74,036	30,072
Net cash provided by (used in) financing activities			(23,046)	45,726
Net (decrease) increase in cash			6,496	(33,711)
Cash and cash equivalents balance, beginning of period			85,607	59,227
Net (loss) income	14,798	15,995	29,465	31,548
Adjustments to reconcile net (loss) income to net cash used in operating activities			15,212	(99,312)
Net cash (used in) provided by operating activities			44,677	(67,764)
Proceeds from sale of property and assets				21
Purchase of property, equipment & other fixed assets and acquisitions				(31)
Cash and cash equivalents balance, end of period	92,103	25,516	92,103	25,516
Reportable Legal Entities [Member] | Non-Guarantor Subsidiaries [Member] | Related to Mortgage Company [Member]
(Increase) decrease in restricted cash			(2,715)	(204)
Consolidation, Eliminations [Member]
Intercompany investing activities			(7,043)	(80,160)
Net cash provided by (used in) investing activities			(7,043)	(80,160)
Intercompany financing activities			7,043	80,160
Net cash provided by (used in) financing activities			7,043	80,160
Net (loss) income	$ 11,571	$ 11,256	27,063	37,996
Adjustments to reconcile net (loss) income to net cash used in operating activities			$ (27,063)	$ (37,996)

Note 21 - Transactions With R71

Note 21 - Transactions With Related Parties (Details Textual) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Apr. 30, 2017	Apr. 30, 2016	Apr. 30, 2017	Apr. 30, 2016
Tavit Najarian [Member]
Related Party Transaction, Amounts of Transaction	$ 0.2	$ 0.4	$ 0.4	$ 0.7