Hovnanian Enterprises (HOV) 10-Q 7 Jun 18 2018 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Apr. 30, 2018	Jun. 01, 2018
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, 2018
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q2
Amendment Flag	false
Common Class A [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding (in shares)		132,643,015
Common Class B [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding (in shares)		15,470,482

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Apr. 30, 2018	Oct. 31, 2017
Cash and cash equivalents	$ 253,775	$ 469,320
Assets	1,642,491	1,900,898
Liabilities	2,142,467	2,361,269
Income taxes payable	1,902	2,227
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, 2018 and at October 31, 2017	135,299	135,299
Paid in capital – common stock	707,487	706,466
Accumulated deficit	(1,229,008)	(1,188,376)
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, 2018 and October 31, 2017	(115,360)	(115,360)
Total stockholders’ equity deficit	(499,976)	(460,371)
Total liabilities and equity	1,642,491	1,900,898
Common Class A [Member]
Common stock	1,444	1,440
Common Class B [Member]
Common stock	162	160
Homebuilding [Member]
Cash and cash equivalents	248,815	463,697
Restricted cash and cash equivalents	13,957	2,077
Sold and unsold homes and lots under development	856,620	744,119
Land and land options held for future development or sale	104,518	140,924
Consolidated inventory not owned	78,907	124,784
Total inventories	1,040,045	1,009,827
Investments in and advances to unconsolidated joint ventures	88,344	115,090
Receivables, deposits and notes, net	70,168	58,149
Property, plant and equipment, net	19,944	52,919
Prepaid expenses and other assets	40,529	37,026
Assets	1,521,802	1,738,785
Accounts payable and other liabilities	288,120	335,057
Customers’ deposits	30,997	33,772
Liabilities from inventory not owned, net of debt issuance costs	53,515	91,101
Revolving and term loan credit facilities, net of debt issuance costs	257,129	124,987
Notes payable (net of discount, premium and debt issuance costs) and accrued interest	1,340,246	1,554,687
Liabilities	2,040,651	2,217,128
Homebuilding [Member] | Nonrecourse Mortgages Secured By Inventory [Member] | Mortgages [Member]
Nonrecourse mortgages secured by inventory, net of debt issuance costs	70,644	64,512
Homebuilding [Member] | Nonrecourse Mortgages Secured by Operating Properties [Member] | Mortgages [Member]
Nonrecourse mortgages secured by inventory, net of debt issuance costs		13,012
Financial Services [Member]
Cash and cash equivalents	4,960	5,623
Restricted cash and cash equivalents	25,200	22,300
Other assets	115,729	156,490
Liabilities	$ 99,914	$ 141,914

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($) $ in Millions	Apr. 30, 2018	Oct. 31, 2017
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)	144,403,778	144,046,073
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)	16,162,230	15,999,355
Common stock, shares held in Treasury (in shares)	691,748	691,748

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) shares in Thousands, $ in Thousands		3 Months Ended		6 Months Ended
		Apr. 30, 2018	Apr. 30, 2017	Apr. 30, 2018	Apr. 30, 2017
Revenues		$ 502,544	$ 585,935	$ 919,710	$ 1,137,944
Inventory impairment loss and land option write-offs				3,087	5,137
Total expenses		512,025	588,830	954,486	1,146,496
Corporate general and administrative		16,144	16,071	35,279	31,727
Other interest	[1],[2]	26,088	22,297	55,219	44,924
Other operations		402	(95)	792	1,492
(Loss) gain on extinguishment of debt		(1,440)	(242)	(1,440)	7,404
Income (loss) from unconsolidated joint ventures		1,343	(4,562)	(3,833)	(6,228)
Loss before income taxes		(9,578)	(7,699)	(40,049)	(7,376)
Tax provision (benefit)		245	(1,017)	583	(551)
Net (loss)		$ (9,823)	$ (6,682)	$ (40,632)	$ (6,825)
Net (loss) per common share, basic (in dollars per share)		$ (0.07)	$ (0.05)	$ (0.27)	$ (0.05)
Weighted-average number of common shares outstanding, basic (in shares)		148,435	147,558	148,228	147,556
Net (loss) per common share, assuming dilution (in dollars per share)		$ (0.07)	$ (0.05)	$ (0.27)	$ (0.05)
Weighted-average number of common shares outstanding, assuming dilution (in shares)		148,435	147,558	148,228	147,556
State and Local Jurisdiction [Member]
Tax provision (benefit)		$ 245	$ 2,292	$ 583	$ 2,274
Domestic Tax Authority [Member]
Tax provision (benefit)			(3,309)		(2,825)
Homebuilding [Member]
Revenues		489,490	571,441	895,768	1,110,601
Cost of sales, excluding interest		393,012	475,440	722,539	920,467
Cost of sales interest		19,364	20,337	31,656	38,659
Inventory impairment loss and land option write-offs		2,673	1,953	3,087	5,137
Total cost of sales		415,049	497,730	757,282	964,263
Selling, general and administrative		45,544	45,467	88,775	89,875
Total expenses		460,593	543,197	846,057	1,054,138
Homebuilding [Member] | Home Building [Member]
Revenues		468,117	567,553	869,694	1,098,968
Homebuilding [Member] | Land Sales and Other Revenues [Member]
Revenues		21,373	3,888	26,074	11,633
Financial Services [Member]
Revenues		13,054	14,494	23,942	27,343
Total expenses		$ 8,798	$ 7,360	$ 17,139	$ 14,215
[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: 8 Table of Contents Three Months Ended April 30, Six Months Ended April 30, (In thousands) 2018 2017 2018 2017 Other interest expensed $ 26,088 $ 22,297 $ 55,219 $ 44,924 Interest paid by our mortgage and finance subsidiaries 585 455 1,186 1,084 (Increase) decrease in accrued interest (23,448 ) 591 3,302 1,354 Cash paid for interest, net of capitalized interest $ 3,225 $ 23,343 $ 59,707 $ 47,362
[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 $19.9 million and $16.0 million for the three months ended April 30, 2018 and 2017, respectively, and $39.5 million and $29.3 million for the six months ended April 30, 2018 and 2017, 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 $6.2 million and $6.3 million for the three months ended April 30, 2018 and 2017, respectively, and $15.8 million and $15.6 million for the six months ended April 30, 2018 and 2017, respectively.

Condensed Consolidated Stateme5

Condensed Consolidated Statement of Equity (Unaudited) - 6 months ended Apr. 30, 2018 - 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, 2017	132,285,310	15,307,607	5,600
Balance at Oct. 31, 2017	$ 1,440	$ 160	$ 135,299	$ 706,466	$ (1,188,376)	$ (115,360)	$ (460,371)
Stock options, amortization and issuances (in shares)	24,000
Stock options, amortization and issuances				302			302
Restricted stock amortization, issuances and forfeitures (in shares)	332,264	164,316
Restricted stock amortization, issuances and forfeitures	$ 4	$ 2		719			725
Conversion of Class B to Class A common stock (in shares)	1,441	(1,441)
Net (loss)					(40,632)		(40,632)
Balance (in shares) at Apr. 30, 2018	132,643,015	15,470,482	5,600
Balance at Apr. 30, 2018	$ 1,444	$ 162	$ 135,299	$ 707,487	$ (1,229,008)	$ (115,360)	$ (499,976)

Condensed Consolidated Stateme6

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Apr. 30, 2018	Apr. 30, 2017
Cash flows from operating activities:
Net (loss)	$ (40,632)	$ (6,825)
Adjustments to reconcile net (loss) to net cash provided by (used in) operating activities:
Depreciation	1,509	2,083
Compensation from stock options and awards	2,075	1,500
Amortization of bond discounts, premiums and deferred financing costs	4,150	9,348
Gain on sale and retirement of property and assets	(3,592)	(78)
Loss from unconsolidated joint ventures	3,833	6,228
Distributions of earnings from unconsolidated joint ventures		203
Loss (gain) on extinguishment of debt	1,440	(7,404)
Inventory impairment and land option write-offs	3,087	5,137
Deferred income tax benefit		(1,419)
(Increase) decrease in assets:
Origination of mortgage loans	(456,828)	(476,845)
Sale of mortgage loans	501,227	553,827
Restricted cash, receivables, prepaids, deposits and other assets	(18,972)	16,672
Inventories	(20,267)	68,735
State income tax payable	(325)	600
Customers’ deposits	(2,775)	2,892
Accounts payable, accrued interest and other accrued liabilities	(46,511)	(57,436)
Net cash (used in) provided by operating activities	(72,581)	117,218
Cash flows from investing activities:
Proceeds from sale of property and assets	38,273	86
Purchase of property, equipment and other fixed assets and acquisitions	(3,208)	(4,500)
Investments in and advances to unconsolidated joint ventures	(18,879)	(23,368)
Distributions of capital from unconsolidated joint ventures	28,754	10,735
Net cash provided by (used in) investing activities	32,869	(19,761)
Cash flows from financing activities:
Proceeds from mortgages and notes	75,962	103,620
Payments related to mortgages and notes	(82,121)	(119,860)
Proceeds from model sale leaseback financing programs	746	9,113
Payments related to model sale leaseback financing programs	(22,741)	(10,931)
Proceeds from land bank financing programs	3,766	8,643
Payments related to land bank financing programs	(19,890)	(41,617)
Proceeds from senior unsecured term loan facility	132,500
Payments related to senior notes and senior amortizing notes	(215,093)	(33,327)
Net payments related to mortgage warehouse lines of credit	(43,439)	(75,471)
Deferred financing costs from land bank financing programs and note issuances	(5,523)	(3,605)
Net cash used in financing activities	(175,833)	(163,435)
Net decrease in cash and cash equivalents	(215,545)	(65,978)
Cash and cash equivalents balance, beginning of period	469,320	346,765
Cash and cash equivalents balance, end of period	253,775	280,787
Supplemental disclosure of cash flow:
Interest, net of capitalized interest (see Note 3 to the Condensed Consolidated Financial Statements)	59,707	47,362
Income taxes	909	267
Related to Mortgage Company [Member]
Cash flows from investing activities:
Increase (decrease) in restricted cash	53	(2,715)
Related to Letters of Credit [Member]
Cash flows from investing activities:
Increase (decrease) in restricted cash	$ (12,124)	$ 1

Condensed Consolidated Stateme7

Condensed Consolidated Statements of Cash Flows (Unaudited) (Parentheticals) - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Jan. 31, 2018	Apr. 30, 2018
Investment in and advances to unconsolidated joint ventures, reduction in investment	$ 13.6	$ 13.6

Note 1 - Basis of Presentation

Note 1 - Basis of Presentation	6 Months Ended
	Apr. 30, 2018
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 not 10 October 31, 2017. not Reclassifications - In the second 2018, 2019 October 31, 2017 $73.0

Note 2 - Stock Compensation

Note 2 - Stock Compensation	6 Months Ended
	Apr. 30, 2018
Notes to Financial Statements
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	2. Stock Compensation The Company’s total stock-based compensation expense was $1.0 $2.1 three six April 30, 2018, $1.0 $1.5 $0.9 $1.4 three six April 30, 2017, $0.1 $0.3 three six April 30, 2018, $0.1 $0.2 three six April 30, 2017,

Note 3 - Interest

Note 3 - Interest	6 Months Ended
	Apr. 30, 2018
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) 2018 2017 2018 2017 Interest capitalized at beginning of period $ 70,793 $ 94,438 $ 71,051 $ 96,688 Plus interest incurred (1) 40,014 39,156 81,179 77,855 Less cost of sales interest expensed 19,364 20,337 31,656 38,659 Less other interest expensed (2)(3) 26,088 22,297 55,219 44,924 Interest capitalized at end of period (4) $ 65,355 $ 90,960 $ 65,355 $ 90,960 ( 1 Data does not ( 2 Other interest expensed includes interest that does not not $19.9 $16.0 three April 30, 2018 2017, $39.5 $29.3 six April 30, 2018 2017, not $6.2 $6.3 three April 30, 2018 2017, $15.8 $15.6 six April 30, 2018 2017, ( 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) 2018 2017 2018 2017 Other interest expensed $ 26,088 $ 22,297 $ 55,219 $ 44,924 Interest paid by our mortgage and finance subsidiaries 585 455 1,186 1,084 (Increase) decrease in accrued interest (23,448 ) 591 3,302 1,354 Cash paid for interest, net of capitalized interest $ 3,225 $ 23,343 $ 59,707 $ 47,362 ( 4 Capitalized interest amounts are shown gross before allocating any portion of impairments, if any, to capitalized interest.

Note 4 - Reduction of Inventory

Note 4 - Reduction of Inventory to Fair Value	6 Months Ended
	Apr. 30, 2018
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, 2018, 16.8% 19.8%. six April 30, 2017, 18.3% 19.8%. may During the six April 30, 2018 2017 377 381 six April 30, 2018 2017 five nine $11.2 $66.9 $2.1 five $11.2 three six April 30, 2018. $1.5 $4.2 one six $8.5 $21.1 three six April 30, 2017, six April 30, 2017, three $45.8 20%. six April 30, 2018, none five 20%. 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 $0.6 $0.4 three April 30, 2018 2017, $1.0 $0.9 six April 30, 2018 2017, not three April 30, 2018 2017 714 478, 1,341 1,539 six April 30, 2018 2017, We decide to mothball (or stop development on) certain communities when we determine that the current performance does not first 2018, not two one April 30, 2018 October 31, 2017, 19 22 $24.4 $36.7 $186.1 $214.1 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, 2018 October 31, 2017, no We sell and lease back certain of our model homes with the right to participate in the potential profit when each home is sold to a third 360 20 40 38, April 30, 2018 October 31, 2017, $33.5 $58.5 not $30.0 $51.8 not We have land banking arrangements, whereby we sell our land parcels to the land bankers and they provide us an option to purchase back finished lots on a predetermined schedule. Because of our options to repurchase these parcels, for accounting purposes, in accordance with ASC 360 20 40 38, April 30, 2018 October 31, 2017, $45.4 $66.3 not $23.5 $39.3 not

Note 5 - Variable Interest Enti

Note 5 - Variable Interest Entities	6 Months Ended
	Apr. 30, 2018
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 not 810, may In compliance with ASC 810, not 810 April 30, 2018 October 31, 2017, 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, 2018, $52.5 $1.0 not

Note 6 - Warranty Costs

Note 6 - Warranty Costs	6 Months Ended
	Apr. 30, 2018
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 decreased 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, 2018 2017, $1.9 $1.8 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 accrual is expensed as selling, general and administrative costs. For homes delivered in fiscal 2018 2017, $20 2018 2017 $0.25 $5 $20 2018 $21 2017. not three six April 30, 2018 2017 Three Months Ended April 30, Six Months Ended April 30, (In thousands) 2018 2017 2018 2017 Balance, beginning of period $ 129,314 $ 118,013 $ 127,702 $ 121,144 Additions – Selling, general and administrative 2,169 2,856 4,338 5,764 Additions – Cost of sales 4,154 3,515 9,899 7,002 Charges incurred during the period (19,862 ) (7,177 ) (26,164 ) (16,703 ) Changes to pre-existing reserves - - - - Balance, end of period $ 115,775 $ 117,207 $ 115,775 $ 117,207 Warranty accruals are based upon historical experience. We engage a third not second 2018 7. Insurance claims paid by our insurance carriers, excluding insurance deductibles paid, for prior year deliveries were less than $0.1 $0.2 three April 30, 2018 2017, $0.1 $0.2 six April 30, 2018 2017,

Note 7 - Commitments and Contin

Note 7 - Commitments and Contingent Liabilities	6 Months Ended
	Apr. 30, 2018
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	7. Commitments and Contingent Liabilities We are involved in litigation arising in the ordinary course of business, none We also are subject to a variety of local, state, federal and foreign laws and regulations concerning protection of health and the environment, including those regulating the emission or discharge of materials into the environment, the management of storm water runoff at construction sites, the handling, use, storage and disposal of hazardous substances, impacts to wetlands and other sensitive environments, and the remediation of contamination at properties that we have owned or developed or currently own or are developing (“environmental laws”). The particular environmental laws that apply to a site may may may may We anticipate that increasingly stringent requirements will be imposed on developers and homebuilders in the future. For example, for a number of years, the EPA and U.S. Army Corps of Engineers have been engaged in rulemakings to clarify the scope of federally regulated wetlands, which included a June 2015 June 2017 June 2015 February 2018 June 2015 February 2020 ( may may may In March 2013, 1990s. August 2013, not may not April 2014 March 2017 May 2, 2018 100% $2.7 15 June 15, 2018. The Grandview at Riverwalk Port Imperial Condominium Association, Inc. (the “Grandview Plaintiff”) filed a construction defect lawsuit against Hovnanian Enterprises, Inc. and several of its affiliates, including K. Hovnanian at Port Imperial Urban Renewal II, LLC, K. Hovnanian Construction Management, 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 Developments 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 three 1 2 3 October 27, 2017, November 18, 2017, $1.8 $4.8 December 15, 2017, $1.4 $10.4 January 12, 2018. On January 24, 2018, February 16, 2018, $11.1 March 9, 2018, May 23, 2018, $0 $11.1 may In 2014, not $69 $79 December 7, 2017, December 14, 2017, October 31, 2017, December 15, 2017, March 5, 2018. On December 21, 2016, June 13, 2014 June 10, 2016 On December 18, 2017, March 13, 2018. May 4, 2018 $275,000 May 10, 2018. On January 11, 2018, $185.0 8.0% 2019 13.5% 2026 5.0% 2040 8 December 28, 2017. 10 14 20 1934, January 25, 2018. January 29, 2018, Solus filed an amended complaint on February 1, 2018, 10 20 1934, no 10 14 8.0% 2019 March 2, 2018. May 30, 2018, May 30, 2018, 8.0% 2019 May 1, 2018. not May 31, 2018, Hovnanian is actively seeking insurance coverage for the litigation costs related to the Solus claims.

Note 8 - Cash and Cash Equivale

Note 8 - Cash and Cash Equivalents, Restricted Cash and Cash Equivalents and Customer's Deposits	6 Months Ended
	Apr. 30, 2018
Notes to Financial Statements
Cash and Cash Equivalents Disclosure [Text Block]	8. Cash and Cash Equivalents, Restricted Cash and Cash Equivalents and Customer's 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, 2018 October 31, 2017, $11.9 $13.3 Homebuilding - Restricted cash and cash equivalents on the Condensed Consolidated Balance Sheets totaled $14.0 $2.1 April 30, 2018 October 31, 2017, 11. $0.2 $0.4 April 30, 2018 October 31, 2017, April 30, 2018 $11.1 7. Financial services restricted cash and cash equivalents, which are included in Financial services other assets on the Condensed Consolidated Balance Sheets, totaled $25.2 $22.3 April 30, 2018 October 31, 2017, 1 $23.2 April 30, 2018 $20.0 October 31, 2017, 2 $2.0 April 30, 2018 $2.3 October 31, 2017, 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, 2018
Notes to Financial Statements
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]	9. Mortgage Loans Held for Sale Our wholly owned mortgage banking subsidiary, K. Hovnanian American Mortgage, LLC (“K. Hovnanian Mortgage”) originates mortgage loans, primarily from the sale of our homes. Such mortgage loans are sold in the secondary mortgage market within a short period of time of origination. Mortgage loans held for sale 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, 2018 October 31, 2017, $72.7 $119.6 10 may not April 30, 2018 2017, 45 94 not 2017, The activity in our loan origination reserves during the three six April 30, 2018 2017 Three Months Ended April 30, Six Months Ended April 30, (In thousands) 2018 2017 2018 2017 Loan origination reserves, beginning of period $ 3,188 $ 5,077 $ 3,158 $ 8,137 Provisions for losses during the period 38 45 68 79 Adjustments to pre-existing provisions for losses from changes in estimates 45 (1,340 ) 45 (4,434 ) Loan origination reserves, end of period $ 3,271 $ 3,782 $ 3,271 $ 3,782

Note 10 - Mortgages

Note 10 - Mortgages	6 Months Ended
	Apr. 30, 2018
Notes to Financial Statements
Line of Credit [Text Block]	10. Mortgages We have nonrecourse mortgage loans for certain communities totaling $70.6 $64.5 April 30, 2018 October 31, 2017, $179.1 $157.8 5.5% 5.3% April 30, 2018 October 31, 2017, $13.0 October 31, 2017. November 1, 2017, 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. K. Hovnanian Mortgage finances the origination of mortgage loans through various master repurchase agreements, which are recorded in financial services liabilities on the Condensed Consolidated Balance Sheets. Our secured Master Repurchase Agreement with JPMorgan Chase Bank, N.A. (“Chase Master Repurchase Agreement”), is a short-term borrowing facility that provides up to $50.0 January 31, 2019. 1.91% April 30, 2018, 2.5% 2.63% April 30, 2018 October 31, 2017, $29.2 $41.5 K. Hovnanian Mortgage has another secured Master Repurchase Agreement with Customers Bank (“Customers Master Repurchase Agreement”), which was amended on February 16, 2018. $50.0 February 15, 2019. 2.375% 5.125% April 30, 2018 October 31, 2017, $23.9 $40.7 K. Hovnanian Mortgage also has a secured Master Repurchase Agreement with Comerica Bank (“Comerica Master Repurchase Agreement”), which is a short-term borrowing facility that provides up to $50.0 December 20, 2018. .25%, 2.375%. April 30, 2018 October 31, 2017, $18.0 $32.4 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, 2018,

Note 11 - Senior Notes and Cred

Note 11 - Senior Notes and Credit Facilities	6 Months Ended
	Apr. 30, 2018
Notes to Financial Statements
Long-term Debt [Text Block]	11. Senior Notes and Credit Facilities Senior notes and credit facilities balances as of April 30, 2018 October 31, 2017, (In thousands) April 30, 2018(1)(2) October 31, 2017(1)(2) Senior Secured Term Loan due 2019, net of debt issuance costs $ 73,562 $ 72,987 Senior Secured Notes: 9.5% Senior Secured Notes due November 15, 2020 $ 74,456 $ 74,350 2.0% Senior Secured Notes due November 1, 2021 (net of discount) 53,076 53,058 5.0% Senior Secured Notes due November 1, 2021 (net of discount) 134,638 133,732 10.0% Senior Secured Notes due July 15, 2022 434,855 434,543 10.5% Senior Secured Notes due July 15, 2024 394,278 394,953 Total Senior Secured Notes, net of debt issuance costs $ 1,091,303 $ 1,090,636 Senior Notes: 7.0% Senior Notes due January 15, 2019 $ - $ 131,957 8.0% Senior Notes due November 1, 2019 65,386 234,293 13.5% Senior Notes due February 1, 2026 (including premium) 101,829 - 5.0% Senior Notes due February 1, 2040 (net of discount) 43,193 - Total Senior Notes, net of debt issuance costs $ 210,408 $ 366,250 11.0% Senior Amortizing Notes due December 1, 2017, net of debt issuance costs $ - $ 2,045 Senior Exchangeable Notes due December 1, 2017, net of debt issuance costs $ - $ 53,919 Senior Unsecured Term Loan Credit Facility due 2027, net of debt issuance costs $ 131,567 $ - Unsecured Revolving Credit Facility $ 52,000 $ 52,000 ( 1 April 30, 2018 October 31, 2017 $38.5 $41.8 ( 2 April 30, 2018 October 31, 2017 $16.6 $16.1 General Except for K. Hovnanian, the issuer of the notes and borrower under our credit facilities, 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 Secured Term Loan Facility (as defined below), the Unsecured Term Loan Facility (as defined below), the Unsecured Revolving Credit Facility (as defined below) and the senior secured notes and senior notes outstanding at April 30, 2018 ( 5.0% 2021 “5.0% 2021 2.0% 2021 “2.0% 2021 5.0% 2021 “2021 9.5% 2020 2021 not The credit agreements governing the Secured Term Loan Facility, the Unsecured Term Loan Facility, the Unsecured Revolving Credit Facility (collectively, the “credit facilities”) and the indentures governing the notes outstanding at April 30, 2018 not 9.5% 2020 may not January 15, 2021 ( no February 15, 2021 ( 10.0% 2022 “10.0% 2022 7.0% 2019 “7.0% 8.0% 2019 “8.0% 7.0% “2019 may not July 16, 2024 ( 10.5% 2024 “10.5% 2024 2018” 2019 10.0% 2022 not April 30, 2018, If our consolidated fixed charge coverage ratio, as defined in the agreements governing our debt instruments, is less than 2.0 1.0, not 7.625% not 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 may Any 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 2018 On December 1, 2017, 6.0% $53.9 $2.1 11.0% On December 28, 2017, one 8.0% Pursuant to the Commitment Letter, the GSO Entities agreed to, among other things, provide the principal amount of the following: (i) a senior unsecured term loan credit facility (the “Unsecured Term Loan Facility”) to be borrowed by K. Hovnanian and guaranteed by the Company and the Notes Guarantors, pursuant to which the GSO Entities committed to lend K. Hovnanian Unsecured Term Loans consisting of $132.5 7.0% $80.0 8.0% first $125.0 first January 15, 2019 ( five $25.0 10.5% 2024 10.5% 2024 $1,000 10.5% 2024 30 one January 15, 2019) 10.5% 2024 0.50%, On January 29, 2018, February 1, 2018 February 1, 2018 $132.5 7.0% $0.5 5.0% February 1, 2027, ninth first On January 29, 2018, December 28, 2019 December 28, 2022. first 10.0% 2022 10.5% 2024 The Secured Loans will bear interest at a rate per annum equal to the lesser of (a) 10.0% 30 first 10.5% 2024 not 10.5% 2024 0.50%, not three 10.5% 2024 three The New Secured Credit Facility contains representations and warranties, with the accuracy of certain specified representations and warranties being a condition to the funding of the New Secured Loans on each date of funding, and affirmative and restrictive covenants that limit, among other things, and in each case subject to certain exceptions, the ability of the Company and certain of its subsidiaries, including K. Hovnanian, to incur additional indebtedness, pay dividends and make distributions on common and preferred stock, repurchase subordinated indebtedness and common and preferred stock, make other restricted payments, including investments, sell certain assets, incur liens, consolidate, merge, sell or otherwise dispose of all or substantially all of its assets and enter into certain transactions with affiliates. The New Secured Credit Facility also contains customary events of default which would permit the Secured Administrative Agent thereunder to exercise remedies with respect to the collateral securing the New Secured Loans and declare New Secured Loans to be immediately due and payable if not The terms and covenants of the New Secured Credit Facility are effective as of January 29, 2018, On February 1, 2018, $170.2 8.0% not 72.14% 8.0% $90.6 13.5% 2026 2026 $90.1 5.0% 2040 2040 2026 February 1, 2018, $26.5 $26.0 8.0% 8.0% not 2026 13.5% February 1, 2026. 2040 5.0% February 1, 2040. February 1 August 1 August 1, 2018, January 15 July 15, may $103.0 2026 $44.0 2040 2026 2040 $0.9 three six April 30, 2018. On May 30, 2018, May 30, 2018 ( 8.0% not, June 6, 2018, 8.0% 8.0% not, not 8.0% not 8.0% 8.0% May 30, 2018, 8.0% May 1, 2018 8.0% On January 16, 2018, January 16, 2018, 10.0% 2022 10.5% 2024 July 27, 2017 ( 10.5% 2024 10.5% 2024 2019 Secured Obligations Our $75.0 August 1, 2019 7.0% 6.0%, September 8, 2018, may February 1, 2019 1.0% February 1, 2019 The 10.0% 2022 July 15, 2022 10.0% January 15 July 15 January 1 July 1, may 10.0% 2022 July 15, 2019 100.0% may 10.0% 2022 105.0% July 15, 2019, 102.50% July 15, 2020 100.0% July 15, 2021. may 35.0% 10.0% 2022 July 15, 2019 110.0% The 10.5% 2024 July 15, 2024 10.5% January 15 July 15 January 1 July 1, may 10.5% 2024 July 15, 2020 100.0% may 10.5% 2024 105.25% July 15, 2020, 102.625% July 15, 2021 100.0% July 15, 2022. may 35.0% 10.5% 2024 July 15, 2020 110.50% All of K. Hovnanian’s obligations under the Secured Term Loan Facility are guaranteed by the Notes Guarantors. The Secured Term Loan Facility and the guarantees thereof are secured, subject to permitted liens and other exceptions, on a first 10.0% 2022 10.5% 2024 first first April 30, 2018, $483.4 not may $164.8 April 30, 2018, $12.8 All of K. Hovnanian’s obligations under the 10.0% 2022 10.5% 2024 10.0% 2022 10.5% 2024 10.0% 2022 10.5% 2024 10.0% 2022 10.5% 2024 10.0% 2022 10.5% 2024 10.0% 2022 10.5% 2024 Our 9.5% “9.5% 2020 November 15, 2020, 9.5% February 15 August 15 February 1 August 1, may 9.5% 2020 November 15, 2018 100% November 15, 2018, may 9.5% 2020 100% may 35% 9.5% 2020 November 15, 2018 109.5% The 5.0% 2021 2.0% 2021 5.0% 2021 5.0% November 1, 2021 2.0% 2021 2.0% November 1, 2021. 2021 May 1 November 1 April 15 October 15, may 2021 100.0% 1% The 9.5% 2020 2021 2021 9.50% 2020 first April 30, 2018, 1 $97.9 $1.0 2 $139.3 not may 3 $79.2 April 30, 2018; not not 2021 not Senior Notes On February 1, 2018, $132.5 $132.5 7.0% 7.0% K. Hovnanian’s 8.0% August 1, 2019 100.0% August 1, 2019, may 8.0% 100.0% 8.0% February 1, 2018 21, May 28, 2018, $65.7 8.0% 8.0% 8.0% 8.0% Unsecured Revolving Credit Facility In June 2013, five $75.0 two first April 30, 2018, $52.0 $11.6 October 31, 2017, $52.0 $14.6 April 30, 2018, In addition to the Unsecured Revolving Credit Facility, we have certain stand–alone cash collateralized letter of credit agreements and facilities under which there was a total of $2.7 $1.7 April 30, 2018 October 31, 2017, April 30, 2018 October 31, 2017, $2.7 $1.7

Note 12 - Per Share Calculation

Note 12 - Per Share Calculation	6 Months Ended
	Apr. 30, 2018
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, and, for the first 2017, 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 securities and are included in computing earnings per share pursuant to the two two Incremental shares attributed to nonvested stock and outstanding options to purchase common stock of 3.3 3.5 three six April 30, 2018, 4.6 three six April 30, 2017 1.7 six April 30, 2018, 10.0 10.1 three six April 30, 2017, 2012 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 5.6 4.6 three six April 30, 2018, 4.7 three six April 30, 2017

Note 13 - Preferred Stock

Note 13 - Preferred Stock	6 Months Ended
	Apr. 30, 2018
Notes to Financial Statements
Preferred Stock [Text Block]	13. Preferred Stock On July 12, 2005, 5,600 7.625% $25,000 not 7.625%. not 1/1000th three six April 30, 2018 2017, no not

Note 14 - Common Stock

Note 14 - Common Stock	6 Months Ended
	Apr. 30, 2018
Notes to Financial Statements
Common Stock [Text Block]	14. Common Stock Each share of Class A Common Stock entitles its holder to one ten 110% one one On August 4, 2008, January 11, 2018, 382 382. 382 5% 50 382. one August 15, 2008. August 15, 2008, 4.9% August 4, 2008, 4.9% may August 14, 2021, December 5, 2008 January 11, 2018 March 13, 2018. December 5, 2008, 382 5% 5% 5% 5% 5% On July 3, 2001, 4 no three six April 30, 2018. April 30, 2018, may 0.5

Note 15 - Income Taxes

Note 15 - Income Taxes	6 Months Ended
	Apr. 30, 2018
Notes to Financial Statements
Income Tax Disclosure [Text Block]	15. Income Taxes The total income tax expense of $0.3 $0.6 three six April 30, 2018, not The total income tax benefit of $1.1 $0.6 three six April 30, 2017, not Our federal net operating losses of $1.7 2028 2037. $2.6 2018 2037. $247.1 2018 2022; $463.1 2023 2027; $1.5 2028 2032; $348.7 2033 2037. On December 22, 2017, 2017 January 1, 2018, 35% 21%. one $298.5 $12.2 2018, no may may Deferred federal and state income tax assets (“DTAs”) primarily represent the deferred tax benefits arising from NOL carryforwards and temporary differences between book and tax income which will be recognized in future years as an offset against future taxable income. 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 April 30, 2018, 740. not not $661.8 April 30, 2018, 1. Fiscal 2017 $50.2 third 2017 $42.3 three July 31, 2017. three April 30, 2018. 740, one 2. In the third 2017 second 2018, 3. The refinancing in the third 2017 2 2018 $23.4 4. Recent financial results of $40.0 first 2018. 5. We incurred pre-tax losses during the housing market decline and the slower than expected housing market recovery. (Negative Objective Evidence) 6. We exited two 2016, one 2017, one second 2018, 7. 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) 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)

Note 16 - Operating and Reporti

Note 16 - Operating and Reporting Segments	6 Months Ended
	Apr. 30, 2018
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	16. 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 Homebuilding: ( 1 Northeast (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 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. Evaluation 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 (loss) before income taxes for the Financial Services segment consist of revenues generated from mortgage financing, title insurance and closing services, less the cost of such services and selling, general and administrative expenses incurred by the Financial Services segment. Operational 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) 2018 2017 2018 2017 Revenues: Northeast $ 43,771 $ 45,950 $ 63,970 $ 104,525 Mid-Atlantic 104,160 100,600 175,457 200,826 Midwest 42,938 42,019 83,517 85,721 Southeast 60,901 56,635 117,569 113,219 Southwest 159,147 225,255 287,452 408,664 West 78,098 100,843 163,148 197,374 Total homebuilding 489,015 571,302 891,113 1,110,329 Financial services 13,054 14,494 23,942 27,343 Corporate and unallocated (1) 475 139 4,655 272 Total revenues $ 502,544 $ 585,935 $ 919,710 $ 1,137,944 Income (loss) before income taxes: Northeast $ 5,960 $ (2,722 ) $ (3,741 ) $ (1,816 ) Mid-Atlantic 6,700 918 8,652 4,800 Midwest (1,110 ) (3,170 ) (3,454 ) (2,458 ) Southeast (5,286 ) 428 (6,947 ) 134 Southwest 10,047 19,785 15,558 31,708 West 7,172 2,317 15,239 1,563 Homebuilding income before income taxes 23,483 17,556 25,307 33,931 Financial services 4,256 7,134 6,803 13,128 Corporate and unallocated (1) (37,317 ) (32,389 ) (72,159 ) (54,435 ) Loss before income taxes $ (9,578 ) $ (7,699 ) $ (40,049 ) $ (7,376 ) ( 1 three April 30, 2018 $16.2 $19.9 $1.4 0.1 six April 30, 2018 $35.3 $39.5 $1.4 4.0 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, 2018 October 31, 2017 Assets: Northeast $ 168,640 $ 180,545 Mid-Atlantic 210,238 224,398 Midwest 83,412 84,960 Southeast 244,337 231,644 Southwest 328,521 294,337 West 189,806 175,347 Total homebuilding 1,224,954 1,191,231 Financial services 120,689 162,113 Corporate and unallocated 296,848 547,554 Total assets $ 1,642,491 $ 1,900,898

Note 17 - Investments in Uncons

Note 17 - Investments in Unconsolidated Homebuilding and Land Development Joint Ventures	6 Months Ended
	Apr. 30, 2018
Notes to Financial Statements
Equity Method Investments and Joint Ventures Disclosure [Text Block]	17. 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 the first 2018, one $13.6 During the first 2017, one three $11.2 The tables set forth below summarize the combined financial information related to our unconsolidated homebuilding and land development joint ventures that are accounted for under the equity method. (Dollars in thousands) April 30, 2018 Homebuilding Land Development Total Assets: Cash and cash equivalents $ 31,166 $ 2,414 $ 33,580 Inventories 651,968 6,923 658,891 Other assets 29,695 - 29,695 Total assets $ 712,829 $ 9,337 $ 722,166 Liabilities and equity: Accounts payable and accrued liabilities $ 96,770 $ 504 $ 97,274 Notes payable 371,382 - 371,382 Total liabilities 468,152 504 468,656 Equity of: Hovnanian Enterprises, Inc. 79,690 3,914 83,604 Others 164,987 4,919 169,906 Total equity 244,677 8,833 253,510 Total liabilities and equity $ 712,829 $ 9,337 $ 722,166 Debt to capitalization ratio 60 % 0 % 59 % (Dollars in thousands) October 31, 2017 Homebuilding Land Development Total Assets: Cash and cash equivalents $ 60,580 $ 194 $ 60,774 Inventories 666,017 9,162 675,179 Other assets 36,026 - 36,026 Total assets $ 762,623 $ 9,356 $ 771,979 Liabilities and equity: Accounts payable and accrued liabilities $ 121,646 $ 429 $ 122,075 Notes payable 330,642 - 330,642 Total liabilities 452,288 429 452,717 Equity of: Hovnanian Enterprises, Inc. 88,884 3,746 92,630 Others 221,451 5,181 226,632 Total equity 310,335 8,927 319,262 Total liabilities and equity $ 762,623 $ 9,356 $ 771,979 Debt to capitalization ratio 52 % 0 % 51 % As of April 30, 2018 October 31, 2017, $5.2 $22.4 $88.3 $115.1 April 30, 2018 October 31, 2017, six April 30, 2018, not one $0.7 For the Three Months Ended April 30, 2018 (In thousands) Homebuilding Land Development Total Revenues $ 96,931 $ 2,343 $ 99,274 Cost of sales and expenses (102,230 ) (2,123 ) (104,353 ) Joint venture net (loss) income $ (5,299 ) $ 220 $ (5,079 ) Our share of net income $ 1,296 $ 109 $ 1,405 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 Six Months Ended April 30, 2018 (In thousands) Homebuilding Land Development Total Revenues $ 155,496 $ 3,618 $ 159,114 Cost of sales and expenses (174,366 ) (3,281 ) (177,647 ) Joint venture net (loss) income $ (18,870 ) $ 337 $ (18,533 ) Our share of net (loss) income $ (3,903 ) $ 168 $ (3,735 ) 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 ) “Income (loss) 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 $2.9 $3.0 three April 30, 2018 2017, $4.9 $5.1 six April 30, 2018 2017, In determining whether or not Typically, our unconsolidated joint ventures obtain separate project specific mortgage financing. For some of our joint ventures, obtaining financing was challenging, therefore, some of our joint ventures are capitalized only with equity. The total debt to capitalization ratio of all our joint ventures is currently 59%. 810 10 not not

Note 18 - Recent Accounting Pro

Note 18 - Recent Accounting Pronouncements	6 Months Ended
	Apr. 30, 2018
Notes to Financial Statements
Description of New Accounting Pronouncements Not yet Adopted [Text Block]	18. 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. 2014 09 In February 2016, 2016 02, 842 2016 02” 2016 02 12 2016 02 November 1, 2019. In August 2016, No. 2016 15, 230 2016 15” 2016 15 2016 15 November 1, 2018. In November 2016, No. 2016 18, 230 2016 18” 2016 18 2016 18 November 1, 2018. In October 2016, No. 2016 16, 740 2016 16” 2016 16 2016 16 November 1, 2018.

Note 19 - Fair Value of Financi

Note 19 - Fair Value of Financial Instruments	6 Months Ended
	Apr. 30, 2018
Notes to Financial Statements
Fair Value Disclosures [Text Block]	19. Fair Value of Financial Instruments ASC 820, Level 1: Fair value determined based on quoted prices in active markets for identical assets. Level 2: Fair value determined using significant other observable inputs. Level 3: Fair value determined using significant unobservable inputs. Our financial instruments measured at fair value on a recurring basis are summarized below: (In thousands) Fair Value Hierarchy Fair Value at April 30, 2018 Fair Value at October 31, 2017 Mortgage loans held for sale (1) Level 2 $ 87,971 $ 132,424 Interest rate lock commitments Level 2 (70 ) (14 ) Forward contracts Level 2 125 15 Total $ 88,026 $ 132,425 ( 1 $85.6 $128.4 April 30, 2018 October 31, 2017, 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 process of $593.5 April 30, 2018. $50.3 April 30, 2018. 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, 2018, $21.5 June 20, 2018. The assets accounted for using the fair value option are initially measured at fair value. Gains and losses from initial measurement and subsequent changes in fair value are recognized in the Condensed Consolidated Financial Statements in “Revenues: Financial services.” The fair values that are included in income are shown, by financial instrument and financial statement line item, below: Three Months Ended April 30, 2018 (In thousands) Mortgage Loans Held For Sale Interest Rate Lock Commitments Forward Contracts Fair value included in net loss all reflected in financial services revenues $ 127 $ 178 $ (143 ) Three Months Ended April 30, 2017 (In thousands) Mortgage Loans Held For Sale Interest Rate Lock Commitments Forward Contracts Fair value included in net loss all reflected in financial services revenues $ 645 $ 109 $ (422 ) Six Months Ended April 30, 2018 (In thousands) Mortgage Loans Held For Sale Interest Rate Lock Commitments Forward Contracts Fair value included in net loss all reflected in financial services revenues $ 2,541 $ (70 ) $ 125 Six Months Ended April 30, 2017 (In thousands) Mortgage Loans Held For Sale Interest Rate Lock Commitments Forward Contracts Fair value included in net loss all reflected in financial services revenues $ 3,214 $ 99 $ (305 ) 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, 2018 2017. Nonfinancial Assets Three Months Ended April 30, 2018 (In thousands) Fair Value Hierarchy Pre-Impairment Amount Total Losses Fair Value Sold and unsold homes and lots under development Level 3 $ 11,170 $ (2,117 ) $ 9,053 Land and land options held for future development or sale Level 3 $ - $ - $ - 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 $ - $ - $ - Six Months Ended April 30, 2018 (In thousands) Fair Value Hierarchy Pre-Impairment Amount Total Losses Fair Value Sold and unsold homes and lots under development Level 3 $ 11,170 $ (2,117 ) $ 9,053 Land and land options held for future development or sale Level 3 $ - $ - $ - 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 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 $2.1 three six April 30, 2018, $1.5 $4.2 three six April 30, 2017, 4 The fair value of our cash equivalents, restricted cash and cash equivalents and customers' deposits approximates their carrying amount, based on Level 1 The fair value of our borrowings under the revolving credit and term loan facilities approximates their carrying amount based on Level 2 13.5% 2026 April 30, 2018, October 31, 2017) 2 13.5% 2026 April 30, 2018 October 31, 2017, $109.6 $383.7 April 30, 2018 October 31, 2017, The fair value of each of the 13.5% 2026 April 30, 2018 October 31, 2017 third 3 13.5% 2026 $91.7 $1.1 April 30, 2018. October 31, 2017, $1.2 $2.1 $54.2

Note 20 - Transactions With Rel

Note 20 - Transactions With Related Parties	6 Months Ended
	Apr. 30, 2018
Notes to Financial Statements
Related Party Transactions Disclosure [Text Block]	2 0 . Transactions with Related Parties During both the three April 30, 2018 2017, $0.2 six April 30, 2018 2017, $0.3 $0.4

Note 21 - Subsequent Events

Note 21 - Subsequent Events	6 Months Ended
	Apr. 30, 2018
Notes to Financial Statements
Subsequent Events [Text Block]	21 . Subsequent events On May 29, 2018, $65.7 8.0% 11 On May 30, 2018, May 30, 2018, 8.0% May 1, 2018, 8.0% not May 31, 2018, 7

Note 3 - Interest (Tables)

Note 3 - Interest (Tables)	6 Months Ended
	Apr. 30, 2018
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) 2018 2017 2018 2017 Interest capitalized at beginning of period $ 70,793 $ 94,438 $ 71,051 $ 96,688 Plus interest incurred (1) 40,014 39,156 81,179 77,855 Less cost of sales interest expensed 19,364 20,337 31,656 38,659 Less other interest expensed (2)(3) 26,088 22,297 55,219 44,924 Interest capitalized at end of period (4) $ 65,355 $ 90,960 $ 65,355 $ 90,960
Cash Paid for Interest Net of Capitalized Interest [Table Text Block]	Three Months Ended April 30, Six Months Ended April 30, (In thousands) 2018 2017 2018 2017 Other interest expensed $ 26,088 $ 22,297 $ 55,219 $ 44,924 Interest paid by our mortgage and finance subsidiaries 585 455 1,186 1,084 (Increase) decrease in accrued interest (23,448 ) 591 3,302 1,354 Cash paid for interest, net of capitalized interest $ 3,225 $ 23,343 $ 59,707 $ 47,362

Note 6 - Warranty Costs (Tables

Note 6 - Warranty Costs (Tables)	6 Months Ended
	Apr. 30, 2018
Notes Tables
Schedule of Product Warranty Liability [Table Text Block]	Three Months Ended April 30, Six Months Ended April 30, (In thousands) 2018 2017 2018 2017 Balance, beginning of period $ 129,314 $ 118,013 $ 127,702 $ 121,144 Additions – Selling, general and administrative 2,169 2,856 4,338 5,764 Additions – Cost of sales 4,154 3,515 9,899 7,002 Charges incurred during the period (19,862 ) (7,177 ) (26,164 ) (16,703 ) Changes to pre-existing reserves - - - - Balance, end of period $ 115,775 $ 117,207 $ 115,775 $ 117,207

Note 9 - Mortgage Loans Held 31

Note 9 - Mortgage Loans Held for Sale (Tables)	6 Months Ended
	Apr. 30, 2018
Notes Tables
Allowance for Credit Losses on Financing Receivables [Table Text Block]	Three Months Ended April 30, Six Months Ended April 30, (In thousands) 2018 2017 2018 2017 Loan origination reserves, beginning of period $ 3,188 $ 5,077 $ 3,158 $ 8,137 Provisions for losses during the period 38 45 68 79 Adjustments to pre-existing provisions for losses from changes in estimates 45 (1,340 ) 45 (4,434 ) Loan origination reserves, end of period $ 3,271 $ 3,782 $ 3,271 $ 3,782

Note 11 - Senior Notes and Cr32

Note 11 - Senior Notes and Credit Facilities (Tables)	6 Months Ended
	Apr. 30, 2018
Notes Tables
Schedule of Long-term Debt Instruments [Table Text Block]	(In thousands) April 30, 2018(1)(2) October 31, 2017(1)(2) Senior Secured Term Loan due 2019, net of debt issuance costs $ 73,562 $ 72,987 Senior Secured Notes: 9.5% Senior Secured Notes due November 15, 2020 $ 74,456 $ 74,350 2.0% Senior Secured Notes due November 1, 2021 (net of discount) 53,076 53,058 5.0% Senior Secured Notes due November 1, 2021 (net of discount) 134,638 133,732 10.0% Senior Secured Notes due July 15, 2022 434,855 434,543 10.5% Senior Secured Notes due July 15, 2024 394,278 394,953 Total Senior Secured Notes, net of debt issuance costs $ 1,091,303 $ 1,090,636 Senior Notes: 7.0% Senior Notes due January 15, 2019 $ - $ 131,957 8.0% Senior Notes due November 1, 2019 65,386 234,293 13.5% Senior Notes due February 1, 2026 (including premium) 101,829 - 5.0% Senior Notes due February 1, 2040 (net of discount) 43,193 - Total Senior Notes, net of debt issuance costs $ 210,408 $ 366,250 11.0% Senior Amortizing Notes due December 1, 2017, net of debt issuance costs $ - $ 2,045 Senior Exchangeable Notes due December 1, 2017, net of debt issuance costs $ - $ 53,919 Senior Unsecured Term Loan Credit Facility due 2027, net of debt issuance costs $ 131,567 $ - Unsecured Revolving Credit Facility $ 52,000 $ 52,000

Note 16 - Operating and Repor33

Note 16 - Operating and Reporting Segments (Tables)	6 Months Ended
	Apr. 30, 2018
Notes Tables
Schedule of Segment Reporting Information, by Segment [Table Text Block]	(In thousands) April 30, 2018 October 31, 2017 Assets: Northeast $ 168,640 $ 180,545 Mid-Atlantic 210,238 224,398 Midwest 83,412 84,960 Southeast 244,337 231,644 Southwest 328,521 294,337 West 189,806 175,347 Total homebuilding 1,224,954 1,191,231 Financial services 120,689 162,113 Corporate and unallocated 296,848 547,554 Total assets $ 1,642,491 $ 1,900,898
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) 2018 2017 2018 2017 Revenues: Northeast $ 43,771 $ 45,950 $ 63,970 $ 104,525 Mid-Atlantic 104,160 100,600 175,457 200,826 Midwest 42,938 42,019 83,517 85,721 Southeast 60,901 56,635 117,569 113,219 Southwest 159,147 225,255 287,452 408,664 West 78,098 100,843 163,148 197,374 Total homebuilding 489,015 571,302 891,113 1,110,329 Financial services 13,054 14,494 23,942 27,343 Corporate and unallocated (1) 475 139 4,655 272 Total revenues $ 502,544 $ 585,935 $ 919,710 $ 1,137,944 Income (loss) before income taxes: Northeast $ 5,960 $ (2,722 ) $ (3,741 ) $ (1,816 ) Mid-Atlantic 6,700 918 8,652 4,800 Midwest (1,110 ) (3,170 ) (3,454 ) (2,458 ) Southeast (5,286 ) 428 (6,947 ) 134 Southwest 10,047 19,785 15,558 31,708 West 7,172 2,317 15,239 1,563 Homebuilding income before income taxes 23,483 17,556 25,307 33,931 Financial services 4,256 7,134 6,803 13,128 Corporate and unallocated (1) (37,317 ) (32,389 ) (72,159 ) (54,435 ) Loss before income taxes $ (9,578 ) $ (7,699 ) $ (40,049 ) $ (7,376 )

Note 17 - Investments in Unco34

Note 17 - Investments in Unconsolidated Homebuilding and Land Development Joint Ventures (Tables)	6 Months Ended
	Apr. 30, 2018
Notes Tables
Equity Method Investments [Table Text Block]	(Dollars in thousands) April 30, 2018 Homebuilding Land Development Total Assets: Cash and cash equivalents $ 31,166 $ 2,414 $ 33,580 Inventories 651,968 6,923 658,891 Other assets 29,695 - 29,695 Total assets $ 712,829 $ 9,337 $ 722,166 Liabilities and equity: Accounts payable and accrued liabilities $ 96,770 $ 504 $ 97,274 Notes payable 371,382 - 371,382 Total liabilities 468,152 504 468,656 Equity of: Hovnanian Enterprises, Inc. 79,690 3,914 83,604 Others 164,987 4,919 169,906 Total equity 244,677 8,833 253,510 Total liabilities and equity $ 712,829 $ 9,337 $ 722,166 Debt to capitalization ratio 60 % 0 % 59 % (Dollars in thousands) October 31, 2017 Homebuilding Land Development Total Assets: Cash and cash equivalents $ 60,580 $ 194 $ 60,774 Inventories 666,017 9,162 675,179 Other assets 36,026 - 36,026 Total assets $ 762,623 $ 9,356 $ 771,979 Liabilities and equity: Accounts payable and accrued liabilities $ 121,646 $ 429 $ 122,075 Notes payable 330,642 - 330,642 Total liabilities 452,288 429 452,717 Equity of: Hovnanian Enterprises, Inc. 88,884 3,746 92,630 Others 221,451 5,181 226,632 Total equity 310,335 8,927 319,262 Total liabilities and equity $ 762,623 $ 9,356 $ 771,979 Debt to capitalization ratio 52 % 0 % 51 % For the Three Months Ended April 30, 2018 (In thousands) Homebuilding Land Development Total Revenues $ 96,931 $ 2,343 $ 99,274 Cost of sales and expenses (102,230 ) (2,123 ) (104,353 ) Joint venture net (loss) income $ (5,299 ) $ 220 $ (5,079 ) Our share of net income $ 1,296 $ 109 $ 1,405 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 Six Months Ended April 30, 2018 (In thousands) Homebuilding Land Development Total Revenues $ 155,496 $ 3,618 $ 159,114 Cost of sales and expenses (174,366 ) (3,281 ) (177,647 ) Joint venture net (loss) income $ (18,870 ) $ 337 $ (18,533 ) Our share of net (loss) income $ (3,903 ) $ 168 $ (3,735 ) 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 )

Note 19 - Fair Value of Finan35

Note 19 - Fair Value of Financial Instruments (Tables)	6 Months Ended
	Apr. 30, 2018
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, 2018 Fair Value at October 31, 2017 Mortgage loans held for sale (1) Level 2 $ 87,971 $ 132,424 Interest rate lock commitments Level 2 (70 ) (14 ) Forward contracts Level 2 125 15 Total $ 88,026 $ 132,425
Fair Value Option, Disclosures [Table Text Block]	Three Months Ended April 30, 2018 (In thousands) Mortgage Loans Held For Sale Interest Rate Lock Commitments Forward Contracts Fair value included in net loss all reflected in financial services revenues $ 127 $ 178 $ (143 ) Three Months Ended April 30, 2017 (In thousands) Mortgage Loans Held For Sale Interest Rate Lock Commitments Forward Contracts Fair value included in net loss all reflected in financial services revenues $ 645 $ 109 $ (422 ) Six Months Ended April 30, 2018 (In thousands) Mortgage Loans Held For Sale Interest Rate Lock Commitments Forward Contracts Fair value included in net loss all reflected in financial services revenues $ 2,541 $ (70 ) $ 125 Six Months Ended April 30, 2017 (In thousands) Mortgage Loans Held For Sale Interest Rate Lock Commitments Forward Contracts Fair value included in net loss all reflected in financial services revenues $ 3,214 $ 99 $ (305 )
Fair Value Measurements, Nonrecurring [Table Text Block]	Three Months Ended April 30, 2018 (In thousands) Fair Value Hierarchy Pre-Impairment Amount Total Losses Fair Value Sold and unsold homes and lots under development Level 3 $ 11,170 $ (2,117 ) $ 9,053 Land and land options held for future development or sale Level 3 $ - $ - $ - 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 $ - $ - $ - Six Months Ended April 30, 2018 (In thousands) Fair Value Hierarchy Pre-Impairment Amount Total Losses Fair Value Sold and unsold homes and lots under development Level 3 $ 11,170 $ (2,117 ) $ 9,053 Land and land options held for future development or sale Level 3 $ - $ - $ - 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

Note 1 - Basis of Presentation

Note 1 - Basis of Presentation (Details Textual) $ in Millions	6 Months Ended
	Apr. 30, 2018USD ($)
Reclassification from Notes Payable, Net of Discount, Premium and Debt Issuance Costs and Accrued Interest to Revolving and Term Loan Credit Facilities, Net of Debt Issuance Costs [Member] | As of October 31, 2017 [Member]
Prior Period Reclassification Adjustment	$ 73
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, 2018	Apr. 30, 2017	Apr. 30, 2018	Apr. 30, 2017
Allocated Share-based Compensation Expense, Total	$ 1	$ 1	$ 2.1	$ 1.5
Allocated Share-based Compensation Expense, Net of Tax		0.9		1.4
Employee Stock Option [Member]
Allocated Share-based Compensation Expense, Total	$ 0.1	$ 0.1	$ 0.3	$ 0.2

Note 3 - Interest (Details Text

Note 3 - Interest (Details Textual) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Apr. 30, 2018	Apr. 30, 2017	Apr. 30, 2018	Apr. 30, 2017
Real Estate Inventory Expense Not Eligible for Capitalization	[1],[2]	$ 26,088	$ 22,297	$ 55,219	$ 44,924
Qualifying Assets Not Exceeding Debt [Member]
Real Estate Inventory Expense Not Eligible for Capitalization		19,900	16,000	39,500	29,300
Completed Homes, Land in Planning and Fully Developed Lots without Homes under Construction [Member]
Real Estate Inventory Expense Not Eligible for Capitalization		$ 6,200	$ 6,300	$ 15,800	$ 15,600
[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: 8 Table of Contents Three Months Ended April 30, Six Months Ended April 30, (In thousands) 2018 2017 2018 2017 Other interest expensed $ 26,088 $ 22,297 $ 55,219 $ 44,924 Interest paid by our mortgage and finance subsidiaries 585 455 1,186 1,084 (Increase) decrease in accrued interest (23,448 ) 591 3,302 1,354 Cash paid for interest, net of capitalized interest $ 3,225 $ 23,343 $ 59,707 $ 47,362
[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 $19.9 million and $16.0 million for the three months ended April 30, 2018 and 2017, respectively, and $39.5 million and $29.3 million for the six months ended April 30, 2018 and 2017, 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 $6.2 million and $6.3 million for the three months ended April 30, 2018 and 2017, respectively, and $15.8 million and $15.6 million for the six months ended April 30, 2018 and 2017, 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, 2018	Apr. 30, 2017	Apr. 30, 2018	Apr. 30, 2017
Interest capitalized at beginning of period		$ 70,793	$ 94,438	$ 71,051	$ 96,688
Plus interest incurred	[1]	40,014	39,156	81,179	77,855
Less cost of sales interest expensed		19,364	20,337	31,656	38,659
Other interest expensed	[2],[3]	26,088	22,297	55,219	44,924
Interest capitalized at end of period	[4]	$ 65,355	$ 90,960	$ 65,355	$ 90,960
[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: 8 Table of Contents Three Months Ended April 30, Six Months Ended April 30, (In thousands) 2018 2017 2018 2017 Other interest expensed $ 26,088 $ 22,297 $ 55,219 $ 44,924 Interest paid by our mortgage and finance subsidiaries 585 455 1,186 1,084 (Increase) decrease in accrued interest (23,448 ) 591 3,302 1,354 Cash paid for interest, net of capitalized interest $ 3,225 $ 23,343 $ 59,707 $ 47,362
[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 $19.9 million and $16.0 million for the three months ended April 30, 2018 and 2017, respectively, and $39.5 million and $29.3 million for the six months ended April 30, 2018 and 2017, 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 $6.2 million and $6.3 million for the three months ended April 30, 2018 and 2017, respectively, and $15.8 million and $15.6 million for the six months ended April 30, 2018 and 2017, respectively.
[4]	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, 2018	Apr. 30, 2017	Apr. 30, 2018	Apr. 30, 2017
Other interest expensed	[1],[2]	$ 26,088	$ 22,297	$ 55,219	$ 44,924
Interest paid by our mortgage and finance subsidiaries		585	455	1,186	1,084
(Increase) decrease in accrued interest		(23,448)	591	3,302	1,354
Cash paid for interest, net of capitalized interest		$ 3,225	$ 23,343	$ 59,707	$ 47,362
[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: 8 Table of Contents Three Months Ended April 30, Six Months Ended April 30, (In thousands) 2018 2017 2018 2017 Other interest expensed $ 26,088 $ 22,297 $ 55,219 $ 44,924 Interest paid by our mortgage and finance subsidiaries 585 455 1,186 1,084 (Increase) decrease in accrued interest (23,448 ) 591 3,302 1,354 Cash paid for interest, net of capitalized interest $ 3,225 $ 23,343 $ 59,707 $ 47,362
[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 $19.9 million and $16.0 million for the three months ended April 30, 2018 and 2017, respectively, and $39.5 million and $29.3 million for the six months ended April 30, 2018 and 2017, 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 $6.2 million and $6.3 million for the three months ended April 30, 2018 and 2017, respectively, and $15.8 million and $15.6 million for the six months ended April 30, 2018 and 2017, respectively.

Note 4 - Reduction of Invento41

Note 4 - Reduction of Inventory to Fair Value (Details Textual) $ in Thousands	3 Months Ended		6 Months Ended
	Apr. 30, 2018USD ($)	Apr. 30, 2017USD ($)	Apr. 30, 2018USD ($)	Apr. 30, 2017USD ($)	Oct. 31, 2017USD ($)
Number of Communities Evaluated for Impairment			377	381
Number of Communities Performed Detailed Impairment Calculations			5	9
Carrying Value of Communities Tested for Impairment			$ 11,200	$ 66,900
Impairment of Real Estate	$ 2,100	$ 1,500	2,100	4,200
Homebuilding [Member]
Impairment of Real Estate	$ 2,100	$ 1,500	$ 2,100	$ 4,200
Number of Communities Impaired	5	1	5	6
PreImpairment Value	$ 11,200	$ 8,500	$ 11,200	$ 21,100
Number of Communities Tested for Impairment for Which Undiscounted Future Cash Flow Only Exceeded Carrying Amount By Less Than 20 Percent			0	3
Carrying Value of Communities Tested for Impairment for Which Undiscounted Future Cash Flow Only Exceeded Carrying Amount by Less than 20 Percent				$ 45,800
Percentage Undiscounted Cash Flow Exceeds Carrying Amount			20.00%	20.00%
Land Option Write Offs	$ 600	$ 400	$ 1,000	$ 900
Number of Walk Away Lots	714	478	1,341	1,539
Number of Communities Mothballed During the Period			0
Number of Previously Mothballed Communities Sold During the Period			2
Number of Mothballed Communities Reactivated			1
Number of Communities Mothballed	19		19		22
Inventory Real Estate Mothballed Communities	$ 24,400		$ 24,400		$ 36,700
Inventory Real Estate Mothballed Communities Accumulated Impairment Charges	186,100		186,100		214,100
Liabilities from Inventory Real Estate Not Owned	53,515		53,515		91,101
Homebuilding [Member] | Model Sale Leaseback Financing Arrangements [Member]
Inventory Real Estate, Other Options	33,500		33,500		58,500
Liabilities from Inventory Real Estate Not Owned	30,000		30,000		51,800
Homebuilding [Member] | Land Banking Arrangement [Member]
Inventory Real Estate, Other Options	45,400		45,400		66,300
Liabilities from Inventory Real Estate Not Owned	$ 23,500		$ 23,500		$ 39,300
Homebuilding [Member] | Minimum [Member] | Measurement Input, Discount Rate [Member]
Inventory, Measurement Input			16.8	18.3
Homebuilding [Member] | Maximum [Member] | Measurement Input, Discount Rate [Member]
Inventory, Measurement Input			19.8	19.8

Note 5 - Variable Interest En42

Note 5 - Variable Interest Entities (Details Textual) $ in Millions	Apr. 30, 2018USD ($)
Deposits Associated with Land and Lot Options of Unconsolidated Variable Interest Entities	$ 52.5
Purchase Price Associated with Land and Lot Options of Unconsolidated Variable Interest Entities	$ 1,000

Note 6 - Warranty Costs (Detail

Note 6 - Warranty Costs (Details Textual) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Apr. 30, 2018	Apr. 30, 2017	Apr. 30, 2018	Apr. 30, 2017	Oct. 31, 2017
Cash Received from Subcontractors for Owner Controlled Insurance Program			$ 1,900	$ 1,800
General Liability Insurance Deductible	$ 20,000		20,000		$ 20,000
Bodily Injury Insurance Deductible	250		250		250
Bodily Injury Insurance Limit	5,000		5,000		5,000
Aggregate Retention for Construction Defects Warranty and Bodily Injury Claims	20,000		20,000		$ 21,000
Payments by Insurance Companies for Claims	$ 100	$ 200	$ 100	$ 200

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, 2018	Apr. 30, 2017	Apr. 30, 2018	Apr. 30, 2017
Balance, beginning of period	$ 129,314	$ 118,013	$ 127,702	$ 121,144
Charges incurred during the period	(19,862)	(7,177)	(26,164)	(16,703)
Changes to pre-existing reserves
Balance, end of period	115,775	117,207	115,775	117,207
Selling, General and Administrative Expenses [Member]
Additions	2,169	2,856	4,338	5,764
Cost of Sales [Member]
Additions	$ 4,154	$ 3,515	$ 9,899	$ 7,002

Note 7 - Commitments and Cont45

Note 7 - Commitments and Contingent Liabilities (Details Textual) - USD ($)	May 10, 2018	May 02, 2018	Jan. 12, 2018	Dec. 15, 2017	Nov. 18, 2017	Jun. 01, 2017	Oct. 31, 2017	Apr. 30, 2018	Feb. 16, 2018	Feb. 01, 2018	Jan. 11, 2018
8.0% Senior Notes due 2019, 13.5% Senior Notes due 2026 and 5.0% Senior Notes due 2040 [Member]
Debt Instrument, Face Amount											$ 185,000,000
8.0% Senior Notes Due 2019 [Member]
Debt Instrument, Face Amount										$ 170,200,000
Debt Instrument, Interest Rate, Stated Percentage								8.00%		8.00%	8.00%
Thirteen and a Half Percent Senior Notes Due 2026 [Member]
Debt Instrument, Face Amount										$ 90,600,000
Debt Instrument, Interest Rate, Stated Percentage								13.50%		13.50%	13.50%
Five Percent Senior Notes due 2040 [Member]
Debt Instrument, Face Amount										$ 90,100,000
Debt Instrument, Interest Rate, Stated Percentage										5.00%	5.00%
EPA Case Involving a Housing Redevelopment Project in Newark, New Jersey [Member] | Subsequent Event [Member]
Loss Contingency, Percentage of Plaintiff's Costs for Which Reimbursement is Demanded		100.00%
Loss Contingency, Damages Sought, Value		$ 2,700,000
Litigation Case, Extension Period Requested		15 days
Grandview at Riverwalk Port Imperial Condominium Association Construction Defect Lawsuit [Member]
Loss Contingency, Damages Sought, Value								$ 41,300,000
Loss Contingency, Damages Awarded, Value						$ 9,000,000
Litigation Settlement, Amount Awarded to Other Party			$ 10,400,000
Loss Contingency, Supersedeas Bond									$ 11,100,000
Grandview at Riverwalk Port Imperial Condominium Association Construction Defect Lawsuit [Member] | Minimum [Member]
Loss Contingency, Estimate of Possible Loss								0
Grandview at Riverwalk Port Imperial Condominium Association Construction Defect Lawsuit [Member] | Maximum [Member]
Loss Contingency, Estimate of Possible Loss								$ 11,100,000
Grandview at Riverwalk Port Imperial Condominium Association Construction Defect Lawsuit [Member] | Breach of Warranty and New Jersey Fraud Claims Prior to Statutory Trebling [Member]
Loss Contingency, Damages Awarded, Value						$ 3,000,000
Grandview at Riverwalk Port Imperial Condominium Association Construction Defect Lawsuit [Member] | Attorney Fees and Costs [Member]
Litigation Settlement, Amount Awarded to Other Party				$ 1,400,000	$ 1,800,000
Litigation Settlement, Amount Sought from Other Party					$ 4,800,000
Construction and Design Defects Lawsuit from Second Condominium Association [Member] | Minimum [Member]
Loss Contingency, Damages Sought, Value							$ 69,000,000
Construction and Design Defects Lawsuit from Second Condominium Association [Member] | Maximum [Member]
Loss Contingency, Damages Sought, Value							$ 79,000,000
Class Action Lawsuit Filed by Plaintiff Joseph Hong [Member] | Subsequent Event [Member]
Payments for Legal Settlements	$ 275,000

Note 8 - Cash and Cash Equiva46

Note 8 - Cash and Cash Equivalents, Restricted Cash and Cash Equivalents and Customer's Deposits (Details Textual) - USD ($) $ in Thousands	Apr. 30, 2018	Oct. 31, 2017
Cash Equivalents, at Carrying Value, Total	$ 11,900	$ 13,300
Mortgage Warehouse Lines of Credit [Member]
Restricted Cash and Cash Equivalents, Total	2,000	2,300
Homebuilding [Member]
Restricted Cash and Cash Equivalents, Total	13,957	2,077
Homebuilding [Member] | Customer Deposits [Member]
Restricted Cash and Cash Equivalents, Total	200	400
Homebuilding [Member] | Cash Collateral for a Bond Related to the Grandview Litigation [Member]
Restricted Cash and Cash Equivalents, Total	11,100
Financial Services [Member]
Restricted Cash and Cash Equivalents, Total	25,200	22,300
Financial Services [Member] | Customer Deposits [Member]
Restricted Cash and Cash Equivalents, Total	$ 23,200	$ 20,000

Note 9 - Mortgage Loans Held 47

Note 9 - Mortgage Loans Held for Sale (Details Textual) $ in Millions	Apr. 30, 2018USD ($)	Oct. 31, 2017USD ($)	Apr. 30, 2017
Loans Pledged as Collateral	$ 72.7	$ 119.6
Number of Loans Reserved For	45		94

Note 9 - Mortgage Loans Held 48

Note 9 - Mortgage Loans Held for Sale - Loan Origination Reserves (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Apr. 30, 2018	Apr. 30, 2017	Apr. 30, 2018	Apr. 30, 2017
Loan origination reserves, beginning of period	$ 3,188	$ 5,077	$ 3,158	$ 8,137
Provisions for losses during the period	38	45	68	79
Adjustments to pre-existing provisions for losses from changes in estimates	45	(1,340)	45	(4,434)
Loan origination reserves, end of period	$ 3,271	$ 3,782	$ 3,271	$ 3,782

Note 10 - Mortgages (Details Te

Note 10 - Mortgages (Details Textual) - USD ($) $ in Thousands	6 Months Ended
	Apr. 30, 2018	Oct. 31, 2017
JP Morgan Chase Bank [Member]
Line of Credit Facility, Maximum Borrowing Capacity	$ 50,000
Warehouse Agreement Borrowings, Total	$ 29,200	$ 41,500
JP Morgan Chase Bank [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument Variable Rate Basis Adjusted London Interbank Offered Rate LIBOR	1.91%
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]
Line of Credit Facility, Maximum Borrowing Capacity	$ 50,000
Warehouse Agreement Borrowings, Total	$ 23,900	40,700
Customers Bank [Member] | London Interbank Offered Rate (LIBOR) [Member] | Minimum [Member]
Debt Instrument, Basis Spread on Variable Rate	2.375%
Customers Bank [Member] | London Interbank Offered Rate (LIBOR) [Member] | Maximum [Member]
Debt Instrument, Basis Spread on Variable Rate	5.125%
Nonrecourse Mortgages Secured By Inventory [Member] | Mortgages [Member] | Homebuilding [Member]
Secured Debt, Total	$ 70,644	64,512
Debt Instrument, Collateral Amount	$ 179,100	$ 157,800
Debt, Weighted Average Interest Rate	5.50%	5.30%
Nonrecourse Mortgages Secured by Operating Properties [Member] | Mortgages [Member] | Corporate, Non-Segment [Member]
Secured Debt, Total		$ 13,000
Nonrecourse Mortgages Secured by Operating Properties [Member] | Mortgages [Member] | Homebuilding [Member]
Secured Debt, Total		13,012
Comerica Master Repurchase Agreement [Member]
Line of Credit Facility, Maximum Borrowing Capacity	50,000
Warehouse Agreement Borrowings, Total	$ 18,000	$ 32,400
Comerica Master Repurchase Agreement [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument, Basis Spread on Variable Rate	2.375%
Debt Instrument Variable Rate Basis Floor Rate	0.25%

Note 11 - Senior Notes and Cr50

Note 11 - Senior Notes and Credit Facilities (Details Textual)		Jan. 15, 2019USD ($)	May 29, 2018USD ($)	Feb. 01, 2018USD ($)	Dec. 01, 2017USD ($)	Jun. 30, 2013USD ($)	Apr. 30, 2018USD ($)		Jul. 31, 2017USD ($)	Apr. 30, 2017USD ($)	Apr. 30, 2018USD ($)		Apr. 30, 2017USD ($)	Jan. 29, 2018USD ($)	Jan. 11, 2018	Oct. 31, 2017USD ($)
Interest Payable							$ 38,500,000				$ 38,500,000					$ 41,800,000
Debt Issuance Costs, Net, Total							$ 16,600,000				$ 16,600,000					16,100,000
Debt Covenant Fixed Charge Coverage Ratio Minimum							2				2
Repayments of Senior Debt, Total											$ 215,093,000		$ 33,327,000
Gain (Loss) on Extinguishment of Debt, Total							$ (1,440,000)		$ (42,300,000)	$ (242,000)	(1,440,000)		$ 7,404,000
The 7% 2019 Notes [Member]
Gain (Loss) on Extinguishment of Debt, Total							(500,000)				(500,000)
8.0% Senior Notes Due 2019 [Member]
Gain (Loss) on Extinguishment of Debt, Total							(900,000)				(900,000)
Stand-alone Cash Collateralized Letter of Credit Agreements and Facilities [Member]
Letters of Credit Outstanding, Amount							2,700,000				2,700,000					1,700,000
Stand-alone Cash Collateralized Letter of Credit Agreements and Facilities [Member] | Restricted Cash [Member]
Debt Instrument, Collateral Amount							2,700,000				2,700,000					1,700,000
GSO [Member] | Revolving Credit Facility [Member]
Line of Credit Facility, Maximum Borrowing Capacity														$ 125,000,000
Citi Bank [Member] | Unsecured Revolving Credit Facility [Member]
Line of Credit Facility, Maximum Borrowing Capacity						$ 75,000,000
Debt Instrument, Term						5 years
Long-term Line of Credit, Total							52,000,000				52,000,000					52,000,000
Letters of Credit Outstanding, Amount							$ 11,600,000				$ 11,600,000					$ 14,600,000
Series A Preferred Stock [Member]
Preferred Stock, Dividend Rate, Percentage											7.625%
Senior Secured Notes [Member]
Debt Instrument, Voluntary Prepayment Premium, Aggregate Principal Amount, Percentage							1.00%				1.00%
Senior Secured Notes [Member] | Base Rate [Member]
Debt Instrument, Basis Spread on Variable Rate											6.00%
Senior Exchangeable Notes [Member]
Repayments of Senior Debt, Total					$ 53,900,000
Unsecured Senior Notes [Member] | GSO [Member]
Debt Instrument, Face Amount				$ 132,500,000										132,500,000
Delayed Draw Term Loans [Member] | GSO [Member]
Debt Agreement Maximum Borrowing Capacity														$ 80,000,000
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, 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 10.0% 2022 Notes [Member] | Senior Secured Notes [Member]
Debt Instrument, Interest Rate, Stated Percentage	[1],[2]						10.00%				10.00%					10.00%
The 10.0% 2022 Notes [Member] | Senior Secured Notes [Member] | Debt Instrument, Redemption, Period One [Member]
Debt Instrument, Redemption Price, Percentage											100.00%
The 10.0% 2022 Notes [Member] | Senior Secured Notes [Member] | Debt Instrument, Redemption, Period Two [Member]
Debt Instrument, Redemption Price, Percentage											105.00%
The 10.0% 2022 Notes [Member] | Senior Secured Notes [Member] | Debt Instrument, Redemption, Period Three [Member]
Debt Instrument, Redemption Price, Percentage											102.50%
The 10.0% 2022 Notes [Member] | Senior Secured Notes [Member] | Debt Instrument, Redemption, Period Four [Member]
Debt Instrument, Redemption Price, Percentage											100.00%
The 10.0% 2022 Notes [Member] | Senior Secured Notes [Member] | Redemption with Net Cash Proceeds from Certain Equity Offerings [Member] | Debt Instrument, Redemption, Period One [Member]
Debt Instrument, Redemption Price, Percentage											110.00%
Debt Instrument, Redemption Price, Percentage of Principal Amount Redeemed											35.00%
The 7.0% 2019 Notes [Member]
Debt Instrument, Interest Rate, Stated Percentage				7.00%
The 7.0% 2019 Notes [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument, Basis Spread on Variable Rate											7.00%
The 7.0% 2019 Notes [Member] | Senior Notes [Member]
Debt Instrument, Interest Rate, Stated Percentage							7.00%				7.00%
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%
Repayments of Senior Debt, Total				$ 132,500,000
8.0% Senior Notes Due 2019 [Member]
Debt Instrument, Interest Rate, Stated Percentage				8.00%			8.00%				8.00%				8.00%
Debt Instrument, Face Amount				$ 170,200,000
Debt Instrument, Redemption Price, Percentage				100.00%
8.0% Senior Notes Due 2019 [Member] | Subsequent Event [Member]
Repayments of Long-term Debt, Total			$ 65,700,000
8.0% Senior Notes Due 2019 [Member] | K. Hovnanian at Sunrise Trail III, LLC [Member]
Repayments of Senior Debt, Total				$ 26,500,000
8.0% Senior Notes Due 2019 [Member] | Unsecured Senior Notes Excluding Senior Amortizing Notes and Senior Exchangeable Notes [Member]
Debt Instrument, Interest Rate, Stated Percentage				8.00%
The 11.0% 2017 Amortizing Note [Member] | Senior Amortizing Notes [Member]
Debt Instrument, Interest Rate, Stated Percentage					11.00%		11.00%	[1],[2]			11.00%	[1],[2]				11.00%	[1],[2]
Repayments of Senior Debt, Total					$ 2,100,000
The 10.5% 2024 Notes [Member] | GSO [Member] | Scenario, Forecast [Member]
Debt Instrument, Interest Rate, Stated Percentage		10.50%
Debt Instrument, Face Amount		$ 25,000,000
Debt Instrument, Purchase Price		$ 1,000
Increase (Decrease) in Stated Rate Due to Terms		0.50%
The 10.5% 2024 Notes [Member] | Senior Secured Notes [Member]
Debt Instrument, Interest Rate, Stated Percentage	[1],[2]						10.50%				10.50%					10.50%
The 10.5% 2024 Notes [Member] | Senior Secured Notes [Member] | Debt Instrument, Redemption, Period One [Member]
Debt Instrument, Interest Rate, Stated Percentage							10.00%				10.00%
Increase (Decrease) in Stated Rate Due to Terms											0.50%
Debt Instrument, Redemption Price, Percentage											100.00%
The 10.5% 2024 Notes [Member] | Senior Secured Notes [Member] | Debt Instrument, Redemption, Period Two [Member]
Debt Instrument, Redemption Price, Percentage											105.25%
The 10.5% 2024 Notes [Member] | Senior Secured Notes [Member] | Debt Instrument, Redemption, Period Three [Member]
Debt Instrument, Redemption Price, Percentage											102.625%
The 10.5% 2024 Notes [Member] | Senior Secured Notes [Member] | Debt Instrument, Redemption, Period Four [Member]
Debt Instrument, Redemption Price, Percentage											100.00%
The 10.5% 2024 Notes [Member] | Senior Secured Notes [Member] | Redemption with Net Cash Proceeds from Certain Equity Offerings [Member] | Debt Instrument, Redemption, Period One [Member]
Debt Instrument, Redemption Price, Percentage											110.50%
Debt Instrument, Redemption Price, Percentage of Principal Amount Redeemed											35.00%
The 7% 2019 Notes [Member]
Debt Instrument, Interest Rate, Stated Percentage				7.00%
The 5.0% Notes Due 2027 [Member]
Debt Instrument, Interest Rate, Stated Percentage				5.00%
The 8.0% Senior Notes Due 2019 [Member]
Debt Instrument, Aggregate Principal Outstanding, Percentage				72.14%
The 8.0% Senior Notes Due 2019 [Member] | Unsecured Senior Notes Excluding Senior Amortizing Notes and Senior Exchangeable Notes [Member]
Debt Instrument, Interest Rate, Stated Percentage	[1],[2]						8.00%				8.00%					8.00%
Thirteen and a Half Percent Senior Notes Due 2026 [Member]
Debt Instrument, Interest Rate, Stated Percentage				13.50%			13.50%				13.50%				13.50%
Debt Instrument, Face Amount				$ 90,600,000
Debt Instrument, Fair Value Disclosure, Total				$ 103,000,000
Thirteen and a Half Percent Senior Notes Due 2026 [Member] | Unsecured Senior Notes Excluding Senior Amortizing Notes and Senior Exchangeable Notes [Member]
Debt Instrument, Interest Rate, Stated Percentage	[1],[2]						13.50%				13.50%
Five Percent Senior Notes due 2040 [Member]
Debt Instrument, Interest Rate, Stated Percentage				5.00%											5.00%
Debt Instrument, Face Amount				$ 90,100,000
Debt Instrument, Fair Value Disclosure, Total				$ 44,000,000
Five Percent Senior Notes due 2040 [Member] | Unsecured Senior Notes Excluding Senior Amortizing Notes and Senior Exchangeable Notes [Member]
Debt Instrument, Interest Rate, Stated Percentage	[1],[2]						5.00%				5.00%
The Purchased 8% Notes [Member] | K. Hovnanian at Sunrise Trail III, LLC [Member]
Debt Instrument, Interest Rate, Stated Percentage				8.00%
Debt Instrument, Repurchased Face Amount				$ 26,000,000
Senior Secured Term Loan [Member]
Debt Instrument, Face Amount							$ 75,000,000				$ 75,000,000
Senior Secured Term Loan [Member] | Real Estate Inventory [Member]
Debt Instrument, Collateral Amount							483,400,000				483,400,000
Senior Secured Term Loan [Member] | Cash and Cash Equivalents Collateral [Member]
Debt Instrument, Collateral Amount							164,800,000				164,800,000
Senior Secured Term Loan [Member] | Restricted Cash [Member]
Debt Instrument, Collateral Amount							$ 12,800,000				$ 12,800,000
9.5% Senior Secured Notes Due 2020 [Member] | Senior Secured Notes [Member]
Debt Instrument, Redemption Price, Percentage											100.00%
9.5% Senior Secured Notes Due 2020 [Member] | Senior Secured Notes [Member] | Debt Instrument, Redemption, Period One [Member]
Debt Instrument, Redemption Price, Percentage											100.00%
9.5% Senior Secured Notes Due 2020 [Member] | Senior Secured Notes [Member] | Redemption with Net Cash Proceeds from Certain Equity Offerings [Member] | Debt Instrument, Redemption, Period One [Member]
Debt Instrument, Redemption Price, Percentage											109.50%
Debt Instrument, Redemption Price, Percentage of Principal Amount Redeemed											35.00%
The 2.0% 2021 Notes Member and 5.0% 2021 Notes [Member] | Senior Secured Notes [Member]
Debt Instrument, Voluntary Prepayment Premium, Aggregate Principal Amount, Percentage							1.00%				1.00%
Debt Instrument, Redemption Price, Percentage											100.00%
The 2021 Notes and 9.5% 2020 Notes [Member] | Senior Secured Notes [Member] | Real Estate Inventory [Member]
Debt Instrument, Collateral Amount							$ 139,300,000				$ 139,300,000
The 2021 Notes and 9.5% 2020 Notes [Member] | Senior Secured Notes [Member] | Cash and Cash Equivalents Collateral [Member]
Debt Instrument, Collateral Amount							97,900,000				97,900,000
The 2021 Notes and 9.5% 2020 Notes [Member] | Senior Secured Notes [Member] | Restricted Cash [Member]
Debt Instrument, Collateral Amount							1,000,000				1,000,000
The 2021 Notes and 9.5% 2020 Notes [Member] | Senior Secured Notes [Member] | Secured Group [Member] | Investment in Joint Ventures [Member]
Debt Instrument, Collateral Amount							$ 79,200,000				$ 79,200,000
[1]	"Notes payable" on our Condensed Consolidated Balance Sheets as of April 30, 2018 and October 31, 2017 consists of the total senior secured, senior and senior amortizing and senior exchangeable notes shown above, as well as accrued interest of $38.5 million and $41.8 million, respectively.
[2]	Unamortized debt issuance costs at April 30, 2018 and October 31, 2017 were $16.6 million and $16.1 million, respectively.

Note 11 - Senior Notes and Cr51

Note 11 - Senior Notes and Credit Facilities - Senior Notes and Credit Facilities Balances (Details) - USD ($) $ in Thousands		Apr. 30, 2018	Oct. 31, 2017
Senior Secured Term Loan [Member]
Long-term Line of Credit, Total	[1],[2]	$ 73,562	$ 72,987
Senior Secured Notes [Member]
Senior debt	[1],[2]	1,091,303	1,090,636
Senior Secured Notes [Member] | The 9.50% 2020 Notes [Member]
Senior debt	[1],[2]	74,456	74,350
Senior Secured Notes [Member] | The 2.0% 2021 Notes [Member]
Senior debt	[1],[2]	53,076	53,058
Senior Secured Notes [Member] | The 5.0% 2021 Notes [Member]
Senior debt	[1],[2]	134,638	133,732
Senior Secured Notes [Member] | The 10.0% 2022 Notes [Member]
Senior debt	[1],[2]	434,855	434,543
Senior Secured Notes [Member] | The 10.5% 2024 Notes [Member]
Senior debt	[1],[2]	394,278	394,953
Unsecured Senior Notes Excluding Senior Amortizing Notes and Senior Exchangeable Notes [Member]
Senior debt	[1],[2]	210,408	366,250
Unsecured Senior Notes Excluding Senior Amortizing Notes and Senior Exchangeable Notes [Member] | The 7.0% 2019 Notes [Member]
Senior debt	[1],[2]		131,957
Unsecured Senior Notes Excluding Senior Amortizing Notes and Senior Exchangeable Notes [Member] | The 8.0% Senior Notes Due 2019 [Member]
Senior debt	[1],[2]	65,386	234,293
Unsecured Senior Notes Excluding Senior Amortizing Notes and Senior Exchangeable Notes [Member] | Thirteen and a Half Percent Senior Notes Due 2026 [Member]
Senior debt	[1],[2]	101,829
Unsecured Senior Notes Excluding Senior Amortizing Notes and Senior Exchangeable Notes [Member] | Five Percent Senior Notes due 2040 [Member]
Senior debt	[1],[2]	43,193
Senior Amortizing Notes [Member] | The 11.0% 2017 Amortizing Note [Member]
Senior debt	[1],[2]		2,045
Senior Amortizing Notes [Member] | Senior Exchangeable Notes Due 2017 [Member]
Senior debt	[1],[2]		53,919
Senior Unsecured Term Loan Credit Facility [Member] | Senior Unsecured Term Loan Credit Facility Due 2027 [Member]
Long-term Line of Credit, Total	[1],[2]	131,567
Unsecured Revolving Credit Facility [Member]
Long-term Line of Credit, Total		$ 52,000	$ 52,000
[1]	"Notes payable" on our Condensed Consolidated Balance Sheets as of April 30, 2018 and October 31, 2017 consists of the total senior secured, senior and senior amortizing and senior exchangeable notes shown above, as well as accrued interest of $38.5 million and $41.8 million, respectively.
[2]	Unamortized debt issuance costs at April 30, 2018 and October 31, 2017 were $16.6 million and $16.1 million, respectively.

Note 11 - Senior Notes and Cr52

Note 11 - Senior Notes and Credit Facilities - Senior Notes and Credit Facilities Balances (Details) (Parentheticals)		6 Months Ended		12 Months Ended
		Apr. 30, 2018		Oct. 31, 2017		Feb. 01, 2018	Jan. 11, 2018	Dec. 01, 2017
The 9.50% 2020 Notes [Member] | Senior Secured 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
The 2.0% 2021 Notes [Member] | Senior Secured 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
The 5.0% 2021 Notes [Member] | Senior Secured 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
The 10.0% 2022 Notes [Member] | Senior Secured Notes [Member]
Debt Instrument, Interest Rate, Stated Percentage	[1],[2]	10.00%		10.00%
Debt Instrument, Maturity Date	[1],[2]	Jul. 15, 2022		Jul. 15, 2022
The 10.5% 2024 Notes [Member] | Senior Secured Notes [Member]
Debt Instrument, Interest Rate, Stated Percentage	[1],[2]	10.50%		10.50%
Debt Instrument, Maturity Date	[1],[2]	Jul. 15, 2024		Jul. 15, 2024
The 7.0% 2019 Notes [Member]
Debt Instrument, Interest Rate, Stated Percentage						7.00%
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%
Debt Instrument, Maturity Date	[1],[2]	Jan. 15, 2019		Jan. 15, 2019
The 8.0% Senior Notes Due 2019 [Member] | Unsecured Senior Notes Excluding Senior Amortizing Notes and Senior Exchangeable Notes [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
Thirteen and a Half Percent Senior Notes Due 2026 [Member]
Debt Instrument, Interest Rate, Stated Percentage		13.50%				13.50%	13.50%
Thirteen and a Half Percent Senior Notes Due 2026 [Member] | Unsecured Senior Notes Excluding Senior Amortizing Notes and Senior Exchangeable Notes [Member]
Debt Instrument, Interest Rate, Stated Percentage	[1],[2]	13.50%
Debt Instrument, Maturity Date	[1],[2]	Feb. 1, 2026
Five Percent Senior Notes due 2040 [Member]
Debt Instrument, Interest Rate, Stated Percentage						5.00%	5.00%
Five Percent Senior Notes due 2040 [Member] | Unsecured Senior Notes Excluding Senior Amortizing Notes and Senior Exchangeable Notes [Member]
Debt Instrument, Interest Rate, Stated Percentage	[1],[2]	5.00%
Debt Instrument, Maturity Date	[1],[2]	Feb. 1, 2040
The 11.0% 2017 Amortizing Note [Member] | Senior Amortizing Notes [Member]
Debt Instrument, Interest Rate, Stated Percentage		11.00%	[1],[2]	11.00%	[1],[2]			11.00%
Debt Instrument, Maturity Date	[1],[2]	Dec. 1, 2017		Dec. 1, 2017
Senior Exchangeable Notes Due 2017 [Member] | Senior Amortizing Notes [Member]
Debt Instrument, Maturity Date	[1],[2]	Dec. 1, 2017		Dec. 1, 2017
Senior Unsecured Term Loan Credit Facility Due 2027 [Member] | Senior Unsecured Term Loan Credit Facility [Member]
Debt Instrument, Maturity Date	[1],[2]	Feb. 1, 2027
[1]	"Notes payable" on our Condensed Consolidated Balance Sheets as of April 30, 2018 and October 31, 2017 consists of the total senior secured, senior and senior amortizing and senior exchangeable notes shown above, as well as accrued interest of $38.5 million and $41.8 million, respectively.
[2]	Unamortized debt issuance costs at April 30, 2018 and October 31, 2017 were $16.6 million and $16.1 million, respectively.

Note 12 - Per Share Calculati53

Note 12 - Per Share Calculation (Details Textual) - shares shares in Millions	3 Months Ended		6 Months Ended
	Apr. 30, 2018	Apr. 30, 2017	Apr. 30, 2018	Apr. 30, 2017
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	3.3	4.6	3.5	4.6
Convertible Debt Securities [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount		10	1.7	10.1
Out of the Money Stock Options [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	5.6	4.7	4.6	4.7

Note 13 - Preferred Stock (Deta

Note 13 - Preferred Stock (Details Textual) - USD ($) $ / shares in Units, $ in Thousands	Jul. 12, 2005	Apr. 30, 2018	Apr. 30, 2017	Apr. 30, 2018	Apr. 30, 2017	Oct. 31, 2017
Preferred Stock, Shares Issued, Total		5,600		5,600		5,600
Preferred Class A [Member]
Preferred Stock, Shares Issued, Total	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, Total		$ 0	$ 0	$ 0	$ 0

Note 14 - Common Stock (Details

Note 14 - Common Stock (Details Textual) shares in Thousands	3 Months Ended	6 Months Ended
	Apr. 30, 2018shares	Apr. 30, 2018shares	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
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
Stock Repurchased During Period, Shares	0	0
Stock Repurchase Program, Remaining Number of Shares Authorized to be Repurchased	500	500
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	Dec. 22, 2017	Apr. 30, 2018	Jul. 31, 2017	Apr. 30, 2017	Apr. 30, 2018	Apr. 30, 2017	Oct. 31, 2018
Income Tax Expense (Benefit), Total		$ 245		$ (1,017)	$ 583	$ (551)
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	35.00%
Revaluation of Deferred Tax Asset, Decrease					298,500
Revaluation of Deferred Tax Liabilities, Decrease					12,200
Income Tax Expense (Benefit), Continuing Operations, Adjustment of Deferred Tax (Asset) Liability					0
Deferred Tax Assets, Valuation Allowance, Total		661,800			661,800
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest, Total		(9,578)	$ (50,200)	(7,699)	(40,049)	(7,376)
Gain (Loss) on Extinguishment of Debt, Total		(1,440)	$ (42,300)	(242)	(1,440)	7,404
Increase in Interest Incurred Per Year, Amount					23,400
Scenario, Forecast [Member]
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent							21.00%
Domestic Tax Authority [Member]
Income Tax Expense (Benefit), Total				(3,309)		(2,825)
Operating Loss Carryforwards, Total		1,700,000			1,700,000
State and Local Jurisdiction [Member]
Income Tax Expense (Benefit), Total		245		$ 2,292	583	$ 2,274
Operating Loss Carryforwards, Total		2,600,000			2,600,000
State and Local Jurisdiction [Member] | Between 2018 and 2022 [Member]
Operating Loss Carryforwards, Total		247,100			247,100
State and Local Jurisdiction [Member] | Between 2023 and 2027 [Member]
Operating Loss Carryforwards, Total		463,100			463,100
State and Local Jurisdiction [Member] | Between 2028 and 2032 [Member]
Operating Loss Carryforwards, Total		1,500,000			1,500,000
State and Local Jurisdiction [Member] | Between 2033 and 2037 [Member]
Operating Loss Carryforwards, Total		$ 348,700			$ 348,700

Note 16 - Operating and Repor57

Note 16 - Operating and Reporting Segments (Details Textual) $ in Thousands		3 Months Ended			6 Months Ended
		Apr. 30, 2018USD ($)	Jul. 31, 2017USD ($)	Apr. 30, 2017USD ($)	Apr. 30, 2018USD ($)	Apr. 30, 2017USD ($)
Real Estate Inventory Expense Not Eligible for Capitalization	[1],[2]	$ 26,088		$ 22,297	$ 55,219	$ 44,924
Gain (Loss) on Extinguishment of Debt, Total		(1,440)	$ (42,300)	(242)	(1,440)	7,404
Qualifying Assets Not Exceeding Debt [Member]
Real Estate Inventory Expense Not Eligible for Capitalization		19,900		16,000	39,500	29,300
Corporate, Non-Segment [Member]
General and Administrative Expense, Total		16,200		16,100	35,300	31,700
Gain (Loss) on Extinguishment of Debt, Total		(1,400)		(200)	(1,400)	7,400
Other Nonoperating Income (Expense), Total		(100)		100	(4,000)	800
Corporate, Non-Segment [Member] | Qualifying Assets Not Exceeding Debt [Member]
Real Estate Inventory Expense Not Eligible for Capitalization		$ 19,900		$ 16,000	$ 39,500	$ 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: 8 Table of Contents Three Months Ended April 30, Six Months Ended April 30, (In thousands) 2018 2017 2018 2017 Other interest expensed $ 26,088 $ 22,297 $ 55,219 $ 44,924 Interest paid by our mortgage and finance subsidiaries 585 455 1,186 1,084 (Increase) decrease in accrued interest (23,448 ) 591 3,302 1,354 Cash paid for interest, net of capitalized interest $ 3,225 $ 23,343 $ 59,707 $ 47,362
[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 $19.9 million and $16.0 million for the three months ended April 30, 2018 and 2017, respectively, and $39.5 million and $29.3 million for the six months ended April 30, 2018 and 2017, 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 $6.2 million and $6.3 million for the three months ended April 30, 2018 and 2017, respectively, and $15.8 million and $15.6 million for the six months ended April 30, 2018 and 2017, respectively.

Note 16 - Operating and Repor58

Note 16 - Operating and Reporting Segments - Financial Information Relating to Segment Operations (Details) - USD ($) $ in Thousands		3 Months Ended			6 Months Ended
		Apr. 30, 2018	Jul. 31, 2017	Apr. 30, 2017	Apr. 30, 2018	Apr. 30, 2017
Revenues, Total		$ 502,544		$ 585,935	$ 919,710	$ 1,137,944
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest, Total		(9,578)	$ (50,200)	(7,699)	(40,049)	(7,376)
Corporate, Non-Segment [Member]
Revenues, Total	[1]	475		139	4,655	272
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest, Total	[1]	(37,317)		(32,389)	(72,159)	(54,435)
Homebuilding [Member]
Revenues, Total		489,490		571,441	895,768	1,110,601
Homebuilding [Member] | Operating Segments [Member]
Revenues, Total		489,015		571,302	891,113	1,110,329
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest, Total		23,483		17,556	25,307	33,931
Homebuilding [Member] | Northeast [Member] | Operating Segments [Member]
Revenues, Total		43,771		45,950	63,970	104,525
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest, Total		5,960		(2,722)	(3,741)	(1,816)
Homebuilding [Member] | Mid-Atlantic [Member] | Operating Segments [Member]
Revenues, Total		104,160		100,600	175,457	200,826
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest, Total		6,700		918	8,652	4,800
Homebuilding [Member] | Midwest [Member] | Operating Segments [Member]
Revenues, Total		42,938		42,019	83,517	85,721
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest, Total		(1,110)		(3,170)	(3,454)	(2,458)
Homebuilding [Member] | Southeast [Member] | Operating Segments [Member]
Revenues, Total		60,901		56,635	117,569	113,219
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest, Total		(5,286)		428	(6,947)	134
Homebuilding [Member] | Southwest [Member] | Operating Segments [Member]
Revenues, Total		159,147		225,255	287,452	408,664
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest, Total		10,047		19,785	15,558	31,708
Homebuilding [Member] | West [Member] | Operating Segments [Member]
Revenues, Total		78,098		100,843	163,148	197,374
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest, Total		7,172		2,317	15,239	1,563
Financial Services [Member]
Revenues, Total		13,054		14,494	23,942	27,343
Financial Services [Member] | Operating Segments [Member]
Revenues, Total		13,054		14,494	23,942	27,343
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest, Total		$ 4,256		$ 7,134	$ 6,803	$ 13,128
[1]	Corporate and unallocated for the three months ended April 30, 2018 included corporate general and administrative costs of $16.2 million, interest expense of $19.9 million (a component of Other interest on our Condensed Consolidated Statements of Operations), loss on extinguishment of debt of $1.4 million and $(0.1) million of other income and expenses primarily related to interest income and gain on the sale of our corporate headquarters building. Corporate and unallocated for the six months ended April 30, 2018 included corporate general and administrative costs of $35.3 million, interest expense of $39.5 million (a component of Other interest on our Condensed Consolidated Statements of Operations), loss on extinguishment of debt of $1.4 million and $(4.0) million of other income and expenses primarily related to interest income and gain on the sale of our corporate headquarters building. 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 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 and rental income.

Note 16 - Operating and Repor59

Note 16 - Operating and Reporting Segments - Financial Information Relating to Segment Financial Position (Details) - USD ($) $ in Thousands	Apr. 30, 2018	Oct. 31, 2017
Assets	$ 1,642,491	$ 1,900,898
Corporate, Non-Segment [Member]
Assets	296,848	547,554
Homebuilding [Member]
Assets	1,521,802	1,738,785
Homebuilding [Member] | Operating Segments [Member]
Assets	1,224,954	1,191,231
Homebuilding [Member] | Northeast [Member] | Operating Segments [Member]
Assets	168,640	180,545
Homebuilding [Member] | Mid-Atlantic [Member] | Operating Segments [Member]
Assets	210,238	224,398
Homebuilding [Member] | Midwest [Member] | Operating Segments [Member]
Assets	83,412	84,960
Homebuilding [Member] | Southeast [Member] | Operating Segments [Member]
Assets	244,337	231,644
Homebuilding [Member] | Southwest [Member] | Operating Segments [Member]
Assets	328,521	294,337
Homebuilding [Member] | West [Member] | Operating Segments [Member]
Assets	189,806	175,347
Financial Services [Member] | Operating Segments [Member]
Assets	$ 120,689	$ 162,113

Note 17 - Investments in Unco60

Note 17 - Investments in Unconsolidated Homebuilding and Land Development Joint Ventures (Details Textual) $ in Thousands	3 Months Ended				6 Months Ended
	Apr. 30, 2018USD ($)	Jan. 31, 2018USD ($)	Apr. 30, 2017USD ($)	Jan. 31, 2017USD ($)	Apr. 30, 2018USD ($)	Apr. 30, 2017USD ($)	Oct. 31, 2017USD ($)
Fair Value of Assets Acquired		$ 13,600			$ 13,600
Number of Owned Communities Transferred to the Joint Venture				1
Number of Optioned Communities Transferred to the Joint Venture				3
Proceeds from Transfer of Land to Joint Venture				$ 11,200
Revenues, Total	$ 502,544		$ 585,935		$ 919,710	$ 1,137,944
Joint Venture Total Debt to Capitalization Ratio	59.00%				59.00%
Homebuilding [Member]
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures, Total	$ 88,344				$ 88,344		$ 115,090
Revenues, Total	489,490		571,441		895,768	1,110,601
Homebuilding [Member] | Management Fees [Member]
Revenues, Total	2,900		$ 3,000		4,900	$ 5,100
Corporate Joint Venture [Member]
Advances to Affiliate	$ 5,200				$ 5,200		$ 22,400
Joint Venture Total Debt to Capitalization Ratio	59.00%				59.00%		51.00%
Corporate Joint Venture [Member] | Homebuilding [Member]
Joint Venture Impairment Charge					$ 700

Note 17 - Investments in Unco61

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, 2018	Apr. 30, 2017	Apr. 30, 2018	Apr. 30, 2017	Oct. 31, 2017
Debt to capitalization ratio	59.00%		59.00%
Our share of net income	$ 1,343	$ (4,562)	$ (3,833)	$ (6,228)
Corporate Joint Venture [Member]
Cash and cash equivalents	33,580		33,580		$ 60,774
Inventories	658,891		658,891		675,179
Other assets	29,695		29,695		36,026
Total assets	722,166		722,166		771,979
Accounts payable and accrued liabilities	97,274		97,274		122,075
Notes payable	371,382		371,382		330,642
Total liabilities	468,656		468,656		452,717
Hovnanian Enterprises, Inc.	83,604		83,604		92,630
Others	169,906		169,906		226,632
Total equity	253,510		253,510		319,262
Total liabilities and equity	$ 722,166		$ 722,166		$ 771,979
Debt to capitalization ratio	59.00%		59.00%		51.00%
Revenues	$ 99,274	88,214	$ 159,114	154,353
Cost of sales and expenses	(104,353)	(89,798)	(177,647)	(158,006)
Joint venture net (loss) income	(5,079)	(1,584)	(18,533)	(3,653)
Our share of net income	1,405	(4,675)	(3,735)	(6,246)
Homebuilding Joint Venture [Member] | Corporate Joint Venture [Member]
Cash and cash equivalents	31,166		31,166		$ 60,580
Inventories	651,968		651,968		666,017
Other assets	29,695		29,695		36,026
Total assets	712,829		712,829		762,623
Accounts payable and accrued liabilities	96,770		96,770		121,646
Notes payable	371,382		371,382		330,642
Total liabilities	468,152		468,152		452,288
Hovnanian Enterprises, Inc.	79,690		79,690		88,884
Others	164,987		164,987		221,451
Total equity	244,677		244,677		310,335
Total liabilities and equity	$ 712,829		$ 712,829		$ 762,623
Debt to capitalization ratio	60.00%		60.00%		52.00%
Revenues	$ 96,931	86,556	$ 155,496	151,493
Cost of sales and expenses	(102,230)	(87,957)	(174,366)	(155,183)
Joint venture net (loss) income	(5,299)	(1,401)	(18,870)	(3,690)
Our share of net income	1,296	(4,583)	(3,903)	(6,264)
Land Development Joint Venture [Member] | Corporate Joint Venture [Member]
Cash and cash equivalents	2,414		2,414		$ 194
Inventories	6,923		6,923		9,162
Other assets
Total assets	9,337		9,337		9,356
Accounts payable and accrued liabilities	504		504		429
Notes payable
Total liabilities	504		504		429
Hovnanian Enterprises, Inc.	3,914		3,914		3,746
Others	4,919		4,919		5,181
Total equity	8,833		8,833		8,927
Total liabilities and equity	$ 9,337		$ 9,337		$ 9,356
Debt to capitalization ratio	0.00%		0.00%		0.00%
Revenues	$ 2,343	1,658	$ 3,618	2,860
Cost of sales and expenses	(2,123)	(1,841)	(3,281)	(2,823)
Joint venture net (loss) income	220	(183)	337	37
Our share of net income	$ 109	$ (92)	$ 168	$ 18

Note 19 - Fair Value of Finan62

Note 19 - Fair Value of Financial Instruments (Details Textual) - USD ($) $ in Millions		3 Months Ended		6 Months Ended
		Apr. 30, 2018	Apr. 30, 2017	Apr. 30, 2018	Apr. 30, 2017	Feb. 01, 2018	Jan. 11, 2018	Oct. 31, 2017
Loans Held for Sale Mortgages Unpaid Principal		$ 85.6		$ 85.6				$ 128.4
Other Commitment, Total		21.5		21.5
Impairment of Real Estate		2.1	$ 1.5	2.1	$ 4.2
Fair Value, Inputs, Level 2 [Member] | Unsecured Senior Notes Excluding Senior Amortizing Notes and Senior Exchangeable Notes [Member]
Notes Payable, Fair Value Disclosure		109.6		109.6				383.7
Fair Value, Inputs, Level 3 [Member] | The 2026 Notes [Member]
Notes Payable, Fair Value Disclosure		91.7		91.7
Fair Value, Inputs, Level 3 [Member] | Senior Secured Notes [Member]
Notes Payable, Fair Value Disclosure		$ 1,100		$ 1,100				1,200
Fair Value, Inputs, Level 3 [Member] | Senior Amortizing Notes [Member]
Notes Payable, Fair Value Disclosure								2.1
Fair Value, Inputs, Level 3 [Member] | Senior Exchangeable Notes [Member]
Notes Payable, Fair Value Disclosure								$ 54.2
Thirteen and a Half Percent Senior Notes Due 2026 [Member]
Debt Instrument, Interest Rate, Stated Percentage		13.50%		13.50%		13.50%	13.50%
Thirteen and a Half Percent Senior Notes Due 2026 [Member] | Unsecured Senior Notes Excluding Senior Amortizing Notes and Senior Exchangeable Notes [Member]
Debt Instrument, Interest Rate, Stated Percentage	[1],[2]	13.50%		13.50%
Loan Origination Commitments [Member]
Loan Applications in Process		$ 593.5		$ 593.5
Loan Origination Commitments [Member] | Maximum [Member]
Number of Days in Committment				60 days
Interest Rate Committed Loan Applications [Member]
Interest Rate Committed Loan Applications		$ 50.3		$ 50.3
[1]	"Notes payable" on our Condensed Consolidated Balance Sheets as of April 30, 2018 and October 31, 2017 consists of the total senior secured, senior and senior amortizing and senior exchangeable notes shown above, as well as accrued interest of $38.5 million and $41.8 million, respectively.
[2]	Unamortized debt issuance costs at April 30, 2018 and October 31, 2017 were $16.6 million and $16.1 million, respectively.

Note 19 - Fair Value of Finan63

Note 19 - Fair Value of Financial Instruments - Financial Instruments Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Thousands		Apr. 30, 2018	Oct. 31, 2017
Total		$ 88,026	$ 132,425
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member]
Mortgage loans held for sale	[1]	87,971	132,424
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | Interest Rate Lock Commitments [Member]
Derivative Fair Value		(70)	(14)
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | Forward Contracts [Member]
Derivative Fair Value		$ 125	$ 15
[1]	The aggregate unpaid principal balance was $85.6 million and $128.4 million at April 30, 2018 and October 31, 2017, respectively.

Note 19 - Fair Value of Finan64

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, 2018	Apr. 30, 2017	Apr. 30, 2018	Apr. 30, 2017
Loans Held for Sale [Member]
Fair value included in net loss all reflected in financial services revenues	$ 127	$ 645	$ 2,541	$ 3,214
Interest Rate Lock Commitments [Member]
Fair value included in net loss all reflected in financial services revenues	178	109	(70)	99
Forward Contracts [Member]
Fair value included in net loss all reflected in financial services revenues	$ (143)	$ (422)	$ 125	$ (305)

Note 19 - Fair Value of Finan65

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, 2018	Apr. 30, 2017	Apr. 30, 2018	Apr. 30, 2017
Total Losses	$ (2,100)	$ (1,500)	$ (2,100)	$ (4,200)
Sold and Unsold Homes and Lots Under Development [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member]
Pre-Impairment Amount	11,170	8,474	11,170	14,776
Total Losses	(2,117)	(1,549)	(2,117)	(4,136)
Fair Value of Inventory	9,053	6,925	9,053	10,640
Land and Land Options Held for Future Development or Sale [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member]
Pre-Impairment Amount				6,326
Total Losses				(81)
Fair Value of Inventory				$ 6,245

Note 20 - Transactions With R66

Note 20 - Transactions With Related Parties (Details Textual) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Apr. 30, 2018	Apr. 30, 2017	Apr. 30, 2018	Apr. 30, 2017
Tavit Najarian [Member]
Related Party Transaction, Amounts of Transaction	$ 0.2	$ 0.2	$ 0.3	$ 0.4

Note 21 - Subsequent Events (De

Note 21 - Subsequent Events (Details Textual)	May 29, 2018USD ($)
8.0% Senior Notes Due 2019 [Member] | Subsequent Event [Member]
Repayments of Long-term Debt, Total	$ 65,700,000