Hovnanian Enterprises (HOV) 10-Q 7 Mar 19 2019 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Jan. 31, 2019	Mar. 01, 2019
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 Emerging Growth Company	false
Entity Small Business	false
Document Type	10-Q
Document Period End Date	Jan. 31, 2019
Document Fiscal Year Focus	2,019
Document Fiscal Period Focus	Q1
Amendment Flag	false
Common Class B [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding (in shares)		15,572,643
Common Class A [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding (in shares)		132,906,926

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Jan. 31, 2019	Oct. 31, 2018
Assets	$ 1,623,723	$ 1,662,042
Liabilities	2,094,087	2,115,546
Income taxes payable	3,675	3,334
Preferred stock, $0.01 par value - authorized 100,000 shares; issued and outstanding 5,600 shares with a liquidation preference of $140,000 at January 31, 2019 and at October 31, 2018	135,299	135,299
Paid in capital – common stock	709,396	708,805
Accumulated deficit	(1,201,308)	(1,183,856)
Treasury stock – at cost – 11,760,763 shares of Class A common stock and 691,748 shares of Class B common stock at January 31, 2019 and October 31, 2018	(115,360)	(115,360)
Total stockholders’ equity deficit	(470,364)	(453,504)
Total liabilities and equity	1,623,723	1,662,042
Common Class A [Member]
Common stock	1,447	1,446
Common Class B [Member]
Common stock	162	162
Homebuilding [Member]
Cash and cash equivalents	113,314	187,871
Restricted cash and cash equivalents	12,827	12,808
Sold and unsold homes and lots under development	970,394	878,876
Land and land options held for future development or sale	95,361	111,368
Consolidated inventory not owned	112,618	87,921
Total inventories	1,178,373	1,078,165
Investments in and advances to unconsolidated joint ventures	128,858	123,694
Receivables, deposits and notes, net	32,736	35,189
Property, plant and equipment, net	20,329	20,285
Prepaid expenses and other assets	42,890	39,150
Assets	1,529,327	1,497,162
Accounts payable and other liabilities	266,630	304,899
Customers’ deposits	30,495	30,086
Liabilities from inventory not owned, net of debt issuance costs	82,105	63,387
Revolving and term loan credit facilities, net of debt issuance costs	237,424	201,389
Notes payable (net of discount, premium and debt issuance costs) and accrued interest	1,278,064	1,273,446
Liabilities	2,016,201	1,968,764
Homebuilding [Member] | Nonrecourse Mortgages Secured By Inventory [Member] | Mortgages [Member]
Nonrecourse mortgages, net of debt issuance costs	121,483	95,557
Financial Services [Member]
Cash and cash equivalents	4,317
Restricted cash and cash equivalents	22,715	25,400
Assets	94,396	164,880
Liabilities	$ 74,211	$ 143,448

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($) $ in Millions	Jan. 31, 2019	Oct. 31, 2018
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)	144,667,689	144,596,485
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)	16,264,391	16,241,847
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
		Jan. 31, 2019	Jan. 31, 2018
Revenues		$ 380,594	$ 417,166
Inventory impairment loss and land option write-offs		704	414
Total expenses		407,262	442,461
Corporate general and administrative		17,664	19,135
Real Estate Inventory Expense Not Eligible for Capitalization	[1],[2]	22,273	29,131
Other operations		242	390
Income (loss) from unconsolidated joint ventures		9,562	(5,176)
(Loss) before income taxes		(17,106)	(30,471)
Tax provision (benefit)		346	338
Net (loss)		$ (17,452)	$ (30,809)
Net (loss) per common share (in dollars per share)		$ (0.12)	$ (0.21)
Weighted-average number of common shares outstanding, basic (in shares)		148,958	148,028
Net (loss) per common share (in dollars per share)		$ (0.12)	$ (0.21)
Weighted-average number of common shares outstanding, assuming dilution (in shares)		148,958	148,028
State and Local Jurisdiction [Member]
Tax provision (benefit)		$ 346	$ 338
Domestic Tax Authority [Member]
Tax provision (benefit)
Homebuilding [Member]
Revenues		370,986	406,278
Cost of sales, excluding interest		304,927	329,527
Cost of sales interest		10,242	12,292
Inventory impairment loss and land option write-offs		704	414
Total cost of sales		315,873	342,233
Selling, general and administrative		42,736	43,231
Total expenses		358,609	385,464
Homebuilding [Member] | Home Building [Member]
Revenues		362,135	401,577
Homebuilding [Member] | Land Sales and Other Revenues [Member]
Revenues		8,851	4,701
Financial Services [Member]
Revenues		9,608	10,888
Total expenses		$ 8,474	$ 8,341
[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: Three Months Ended January 31, (In thousands) 2019 2018 Other interest expensed $22,273 $29,131 Interest paid by our mortgage and finance subsidiaries 689 601 Decrease in accrued interest 17,477 26,750 Cash paid for interest, net of capitalized interest $40,439 $56,482
[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 $17.6 million and $19.6 million for the three months ended January 31, 2019 and 2018, 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 $4.7 million and $9.6 million for the three months ended January 31, 2019 and 2018, respectively.

Condensed Consolidated Statem_2

Condensed Consolidated Statement of Changes in Equity (Unaudited) - 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				210			210
Restricted stock amortization, issuances and forfeitures (in shares)	332,264	164,316
Restricted stock amortization, issuances and forfeitures	$ 4	$ 2		(225)			(219)
Conversion of Class B to Class A common stock (in shares)	1,441	(1,441)
Conversion of Class B to Class A common stock
Net (loss)					(30,809)		(30,809)
Balance (in shares) at Jan. 31, 2018	132,643,015	15,470,482	5,600
Balance at Jan. 31, 2018	$ 1,444	$ 162	$ 135,299	706,451	(1,219,185)	(115,360)	(491,189)
Stock options, amortization and issuances (in shares)	24,000
Balance (in shares) at Oct. 31, 2018	132,835,722	15,550,099	5,600
Balance at Oct. 31, 2018	$ 1,446	$ 162	$ 135,299	708,805	(1,183,856)	(115,360)	(453,504)
Stock options, amortization and issuances				107			107
Restricted stock amortization, issuances and forfeitures (in shares)	70,704	23,044
Restricted stock amortization, issuances and forfeitures	$ 1			484			485
Conversion of Class B to Class A common stock (in shares)	500	(500)
Conversion of Class B to Class A common stock
Net (loss)					(17,452)		(17,452)
Balance (in shares) at Jan. 31, 2019	132,906,926	15,572,643	5,600
Balance at Jan. 31, 2019	$ 1,447	$ 162	$ 135,299	$ 709,396	$ (1,201,308)	$ (115,360)	$ (470,364)

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Jan. 31, 2019	Jan. 31, 2018
Cash flows from operating activities:
Net (loss)	$ (17,452)	$ (30,809)
Adjustments to reconcile net (loss) to net cash used in operating activities:
Depreciation	979	790
Compensation from stock options and awards	615	1,039
Amortization of bond discounts, premiums and deferred financing costs	1,820	2,337
Gain on sale and retirement of property and assets	(15)	(3,628)
(Income) loss from unconsolidated joint ventures	(9,562)	5,176
Inventory impairment and land option write-offs	704	414
(Increase) decrease in assets:
Origination of mortgage loans	(190,916)	(198,878)
Sale of mortgage loans	256,161	251,055
Receivables, prepaids, deposits and other assets	(1,331)	(2,109)
Inventories	(100,912)	(31,063)	[1]
State income tax payable	341	(41)
Customers’ deposits	409	617
Accounts payable, accrued interest and other accrued liabilities	(63,013)	(82,544)
Net cash used in operating activities	(122,172)	(87,644)
Cash flows from investing activities:
Proceeds from sale of property and assets	15	38,170
Purchase of property, equipment and other fixed assets and acquisitions	(1,019)	(1,916)
Investments in and advances to unconsolidated joint ventures	(1,329)	(2,032)
Distributions of capital from unconsolidated joint ventures	5,727	6,646
Net cash provided by investing activities	3,394	40,868
Cash flows from financing activities:
Proceeds from mortgages and notes	54,216	33,802
Payments related to mortgages and notes	(28,264)	(46,596)
Proceeds from model sale leaseback financing programs	9,567	746
Payments related to model sale leaseback financing programs	(1,860)	(16,934)
Proceeds from land bank financing programs	14,626	2,204
Payments related to land bank financing programs	(3,193)	(9,449)
Proceeds from senior secured notes, net of discount	21,348
Payments for senior notes and senior amortizing notes		(56,002)
Net borrowings from senior secured revolving credit facility	36,000
Net payments related to mortgage warehouse lines of credit	(61,992)	(51,487)
Deferred financing costs from land bank financing program and note issuances	(1,489)	(1,843)
Net cash provided by (used in) financing activities	38,959	(145,559)
Net decrease in cash and cash equivalents, and restricted cash and cash equivalents	(79,819)	(192,335)
Cash, cash equivalents, and restricted cash and cash equivalents balance, beginning of period	232,992	493,742
Cash, cash equivalents, and restricted cash and cash equivalents balance, end of period	153,173	301,407
Supplemental disclosure of cash flow:
Interest, net of capitalized interest (see Note 3 to the Condensed Consolidated Financial Statements)	40,439	56,482
Income taxes	6	379
Cash, cash equivalents, and restricted cash and cash equivalents balance, end of period	153,173	301,407
Homebuilding [Member]
Adjustments to reconcile net (loss) to net cash used in operating activities:
Inventory impairment and land option write-offs	704	414
Supplemental disclosure of cash flow:
Homebuilding: Cash and cash equivalents	113,314	278,158
Homebuilding: Restricted cash and cash equivalents	12,827	3,213
Financial Services [Member]
Supplemental disclosure of cash flow:
Homebuilding: Cash and cash equivalents	4,317	4,130
Homebuilding: Restricted cash and cash equivalents	$ 22,715	$ 15,906
[1]	In the first quarter of fiscal 2018, we acquired the remaining assets of one of our joint ventures, resulting in a $13.6 million reduction in the joint venture and a corresponding increase to inventory.

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows (Unaudited) (Parentheticals) - USD ($) $ in Millions	3 Months Ended
	Jan. 31, 2019	Jan. 31, 2018
Investment in and advances to unconsolidated joint ventures, reduction in investment		$ 13

Note 1 - Basis of Presentation

Note 1 - Basis of Presentation	3 Months Ended
	Jan. 31, 2019
Notes to Financial Statements
Basis of Presentation and Significant Accounting Policies [Text Block]	1. Basis of Presentation Hovnanian Enterprises, Inc. (“HEI”) conducts all of its homebuilding and financial services operations through its subsidiaries (references herein to the “Company,” “we,” “us” or “our” refer to HEI and its consolidated subsidiaries and should be understood to reflect the consolidated business of HEI’s subsidiaries). HEI has reportable segments consisting of six 16 The accompanying unaudited Condensed Consolidated Financial Statements include HEI's accounts and those of all of its wholly-owned subsidiaries after elimination of all of its 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, 2018. not Reclassifications - October 31, 2018 2016 18 230 2016 18” no 2016 18 $5.1 $0.2 three January 31, 2018.

Note 2 - Stock Compensation

Note 2 - Stock Compensation	3 Months Ended
	Jan. 31, 2019
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 $0.6 $1.0 three January 31, 2019 2018, $0.1 $0.2 three January 31, 2019 2018,

Note 3 - Interest

Note 3 - Interest	3 Months Ended
	Jan. 31, 2019
Notes to Financial Statements
Home Building Interest [Text Block]	3. Interest Interest costs incurred, expensed and capitalized were: Three Months Ended January 31, (In thousands) 2019 2018 Interest capitalized at beginning of period $68,117 $71,051 Plus interest incurred(1) 38,853 41,165 Less cost of sales interest expensed 10,242 12,292 Less other interest expensed(2)(3) 22,273 29,131 Interest capitalized at end of period(4) $74,455 $70,793 ( 1 Data does not ( 2 Other interest expensed includes interest that does not not $17.6 $19.6 three January 31, 2019 2018, not $4.7 $9.6 three January 31, 2019 2018, ( 3 Cash paid for interest, net of capitalized interest, is the sum of other interest expensed, as defined above, and interest paid by our mortgage and finance subsidiaries adjusted for the change in accrued interest on notes payable, which is calculated as follows: Three Months Ended January 31, (In thousands) 2019 2018 Other interest expensed $22,273 $29,131 Interest paid by our mortgage and finance subsidiaries 689 601 Decrease in accrued interest 17,477 26,750 Cash paid for interest, net of capitalized interest $40,439 $56,482 ( 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	3 Months Ended
	Jan. 31, 2019
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 first 2019, no one may first 2018, not no During the three January 31, 2019 2018, 397 387 three January 31, 2019 one one $0.1 $6.3 three January 31, 2019, three January 31, 2018, not not The Condensed Consolidated Statement 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 $0.7 $0.4 three January 31, 2019 2018, not three January 31, 2019 2018 1,490 627, first 2019 first 2018. We decide to mothball (or stop development on) certain communities when we determine that the current performance does not first 2019, not two two January 31, 2019 October 31, 2018, 14 18 $14.1 $24.5 $146.9 $186.1 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, January 31, 2019 October 31, 2018, 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 606 10 55 68, January 31, 2019 October 31, 2018, $58.5 $50.5 not $51.4 $43.9 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 606 10 55 70, January 31, 2019 October 31, 2018, $54.1 $37.4 not $30.7 $19.5 not

Note 5 - Variable Interest Enti

Note 5 - Variable Interest Entities	3 Months Ended
	Jan. 31, 2019
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 January 31, 2019 October 31, 2018, not We will continue to secure land and lots using options, some of which may January 31, 2019, $73.0 $1.3 not

Note 6 - Warranty Costs

Note 6 - Warranty Costs	3 Months Ended
	Jan. 31, 2019
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 three January 31, 2019 2018, $1.2 $1.0 We accrue for warranty costs that are covered under our existing general liability and construction defect policy as part of our general liability insurance deductible. This accrual is expensed as selling, general and administrative costs. For homes delivered in fiscal 2019 2018, $20 2019 2018 $0.25 $5 $20 2019 2018. not three January 31, 2019 2018 Three Months Ended January 31, (In thousands) 2019 2018 Balance, beginning of period $95,064 $127,702 Additions – Selling, general and administrative 2,158 2,169 Additions – Cost of sales 2,028 5,745 Charges incurred during the period (6,091 ) (6,302 ) Changes to pre-existing reserves 251 - Balance, end of period $93,410 $129,314 Warranty accruals are based upon historical experience. We engage a third not Insurance claims paid by our insurance carriers, excluding insurance deductibles paid, were less than $0.1 three January 31, 2019 2018

Note 7 - Commitments and Contin

Note 7 - Commitments and Contingent Liabilities	3 Months Ended
	Jan. 31, 2019
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, August 2018 June 2015 22 June 2015 August 2018 may may may In March 2013, 1990s. August 2013, not may not April 2014 March 2017 May 2, 2018 100% $2.7 June 15, 2018 December 20, 2019 In 2015, $119.5 August 17, 2018, September 9, 2019. May June 2019.

Note 8 - Cash and Cash Equivale

Note 8 - Cash and Cash Equivalents, Restricted Cash and Cash Equivalents and Customer's Deposits	3 Months Ended
	Jan. 31, 2019
Notes to Financial Statements
Cash and Cash Equivalents Disclosure [Text Block]	8. Cash and Cash Equivalents, Restricted Cash and Cash Equivalents and C ustomer'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, January 31, 2019 October 31, 2018, $128.0 $199.6 Homebuilding - Restricted cash and cash equivalents on the Condensed Consolidated Balance Sheets totaled $12.8 January 31, 2019 October 31, 2018, 11. $0.1 January 31, 2019 October 31, 2018, Financial services restricted cash and cash equivalents, which are included in Financial services assets on the Condensed Consolidated Balance Sheets, totaled $22.7 $25.4 January 31, 2019 October 31, 2018, 1 $20.2 January 31, 2019 $23.4 October 31, 2018 2 $2.5 January 31, 2019 $2.0 October 31, 2018, 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	3 Months Ended
	Jan. 31, 2019
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 January 31, 2019 October 31, 2018, $51.8 $115.2 10 may not January 31, 2019 2018, 20 45 not The activity in our loan origination reserves during the three January 31, 2019 2018 Three Months Ended January 31, (In thousands) 2019 2018 Loan origination reserves, beginning of period $2,563 $3,158 Provisions for losses during the period 41 30 Adjustments to pre-existing provisions for losses from changes in estimates 10 - Payments/Settlements (1,350 ) - Loan origination reserves, end of period $1,264 $3,188

Note 10 - Mortgages

Note 10 - Mortgages	3 Months Ended
	Jan. 31, 2019
Notes to Financial Statements
Line of Credit [Text Block]	10. Mortgages We have nonrecourse mortgage loans for certain communities totaling $121.5 $95.6 January 31, 2019 October 31, 2018, $285.2 $241.9 6.3% 6.1% January 31, 2019 October 31, 2018, 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”) which was amended on January 31, 2019, January 31, 2020, $50.0 2.51% January 31, 2019, 2.5% 2.63% January 31, 2019 October 31, 2018, $23.4 $40.3 K. Hovnanian Mortgage has another secured Master Repurchase Agreement with Customers Bank (“Customers Master Repurchase Agreement”) which was amended on February 15, 2019, $50.0 February 14, 2020. 2.25% 5.0% January 31, 2019 October 31, 2018, $20.0 $40.2 K. Hovnanian Mortgage also has a secured Master Repurchase Agreement with Comerica Bank (“Comerica Master Repurchase Agreement”) which was amended on December 24, 2018, $50.0 December 20, 2019. 0.25%, 2.25% 3.25% January 31, 2019 October 31, 2018, $7.8 $32.7 The Chase Master Repurchase Agreement, Customers Master Repurchase Agreement and Comerica Master Repurchase Agreement (together, the “Master Repurchase Agreements”) require K. Hovnanian Mortgage to satisfy and maintain specified financial ratios and other financial condition tests. Because of the extremely short period of time mortgages are held by K. Hovnanian Mortgage before the mortgages are sold to investors (generally a period of a few weeks), the immateriality to us on a consolidated basis of the size of the Master Repurchase Agreements, the levels required by these financial covenants, our ability based on our immediately available resources to contribute sufficient capital to cure any default, were such conditions to occur, and our right to cure any conditions of default based on the terms of the applicable agreement, we do not January 31, 2019,

Note 11 - Senior Notes and Cred

Note 11 - Senior Notes and Credit Facilities	3 Months Ended
	Jan. 31, 2019
Notes to Financial Statements
Long-term Debt [Text Block]	11. Senior Notes and Credit Facilities Senior notes and credit facilities balances as of January 31, 2019 October 31, 2018, (In thousands) January 31, 2019(1)(2) October 31, 2018(1)(2) Senior Secured Notes: 9.5% Senior Secured Notes due November 15, 2020 $74,614 $74,561 2.0% Senior Secured Notes due November 1, 2021 (net of discount) 53,103 53,094 5.0% Senior Secured Notes due November 1, 2021 (net of discount) 136,052 135,571 10.0% Senior Secured Notes due July 15, 2022 435,763 435,461 10.5% Senior Secured Notes due July 15, 2024 (net of discount) 416,070 394,736 Total Senior Secured Notes, net of debt issuance costs $1,115,602 $1,093,423 Senior Notes: 8.0% Senior Notes due November 1, 2019 (3) $- $- 13.5% Senior Notes due February 1, 2026 (including premium) 100,932 101,162 5.0% Senior Notes due February 1, 2040 (net of discount) 43,410 43,264 Total Senior Notes, net of debt issuance costs $144,342 $144,426 Senior Unsecured Term Loan Credit Facility due February 1, 2027, net of debt issuance costs $201,424 $201,389 Senior Secured Revolving Credit Facility (4) $36,000 $- ( 1 January 31, 2019 October 31, 2018 $18.1 $35.6 ( 2 January 31, 2019 October 31, 2018 $13.7 $14.1 ( 3 $26.0 8.0% 2019 not ( 4 December 28, 2019 December 28, 2022. General Except for K. Hovnanian, the issuer of the notes and borrower under the Credit Facilities (as defined below), 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 Credit Facilities, the senior secured notes and senior notes outstanding at January 31, 2019 ( 5.0% 2021 “5.0% 2021 2.0% 2021 “2.0% 2021 5.0% 2021 “2021 9.50% 2020 “9.50% 2020 2021 not The credit agreements governing the Credit Facilities and the indentures governing the notes (together, the “Debt Instruments”) outstanding at January 31, 2019 not 9.50% 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 January 31, 2019, 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 Instruments, we have the right to make certain redemptions and prepayments and, depending on market conditions and covenant restrictions, may may Fiscal 2019 On January 15, 2019, $25.0 10.5% 2024 $21.3 10.5% 2024 10.5% 2024 10.5% 2024 10.5% 2024 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 “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 Term Loans consisting of $132.5 7.0% $80.0 8.0% first $125.0 first January 15, 2019, $25.0 10.5% 2024 10.5% 2024 On January 29, 2018, February 1, 2018 February 1, 2018 $132.5 7.0% 5.0% February 1, 2027, ninth first On January 29, 2018, December 28, 2019 December 28, 2022. first 10.0% 2022 10.5% 2024 10.5% 2024 10.0% 2022 10.5% 2024 10.5% 2024 10.0% 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 $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 January 15 July 15, may K. Hovnanian’s New 2026 February 1, 2026 100% February 1, 2019, may 2026 100.0% K. Hovnanian’s New 2040 February 1, 2040 100.0% February 1, 2040, may 2040 100.0% 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 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 10.0% 2022 10.5% 2024 10.0% 2022 10.5% 2024 10.0% 2022 10.5% 2024 10.0% 2022 10.5% 2024 10.5% 2024 10.0% 2022 10.5% 2024 10.0% 2022 10.5% 2024 At January 31, 2019, 10.0% 2022 10.5% 2024 $424.0 not may 10.0% 2022 10.5% 2024 $52.1 January 31, 2019, $11.9 The 9.50% 2020 November 15, 2020, 9.5% February 15 August 15 February 1 August 1, may 9.50% 2020 November 15, 2018 100% November 15, 2018, may 9.50% 2020 100% 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 January 31, 2019, 1 $73.9 $0.8 2 $141.1 not may 3 $119.3 January 31, 2019; not not 9.50% 2020 2021 not Other We have certain stand–alone cash collateralized letter of credit agreements and facilities under which there was a total of $12.3 $12.5 January 31, 2019 October 31, 2018, January 31, 2019 October 31, 2018, $12.7

Note 12 - Per Share Calculation

Note 12 - Per Share Calculations	3 Months Ended
	Jan. 31, 2019
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. Any options that have an exercise price greater than the average market price are considered to be anti-dilutive and are excluded from the diluted earnings per share calculation. 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 There were 2.8 3.4 three January 31, 2019 January 31, 2018, three January 31, 2018, 3.3 2012 December 2017) 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 6.9 3.2 three January 31, 2019 2018,

Note 13 - Preferred Stock

Note 13 - Preferred Stock	3 Months Ended
	Jan. 31, 2019
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 January 31, 2019 2018, not not

Note 14 - Common Stock

Note 14 - Common Stock	3 Months Ended
	Jan. 31, 2019
Notes to Financial Statements
Stockholders' Equity Note Disclosure [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, 382 5% 5% 5% 5% 5% On July 3, 2001, 4 no three January 31, 2019. January 31, 2019, may 0.5

Note 15 - Income Taxes

Note 15 - Income Taxes	3 Months Ended
	Jan. 31, 2019
Notes to Financial Statements
Income Tax Disclosure [Text Block]	15. Income Taxes The total income tax expense of $0.3 three January 31, 2019 2018 not Our federal net operating losses of $1.6 2028 2037, $63.9 $2.5 $145.3 2019 2023; $691.2 2024 2028; $1.3 2029 2033; $320.0 2034 2038; $43.3 . On December 22, 2017, 2017 may may No. 118 118” January 31, 2019, 118 no 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 January 31, 2019 , 740 . not not $640.1 January 31, 2019, 1. Fiscal 2017 $50.2 third 2017 $42.3 three July 31, 2017. $17.1 first 2019, three January 31, 2019. 740, one 2. In the third 2017 second third 2018, 3. Recent financial results of $48.1 fourth 2018 $8.1 twelve October 31, 2018. ( 4. Our net contracts per community declined in the fourth 2018 first 2019 fourth 2017 first 2018, may may 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 two 2018, 7. 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	3 Months Ended
	Jan. 31, 2019
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	16. Operating and Reporting Segments HEI’s operating segments are components of the Company’s 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 the Company's communities qualifies as an operating segment, and therefore, it is impractical to provide segment disclosures for this many segments. As such, HEI has aggregated the homebuilding operating segments into six HEI’s 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. HEI’s 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 Homebuilding segments primarily include the sale and construction of single-family attached and detached homes, attached townhomes and condominiums, urban infill and active lifestyle homes in planned residential developments. In addition, from time to time, operations of the homebuilding segments include sales of land. Operations of the Financial Services segment include mortgage banking and title services provided to the homebuilding operations’ customers. Our financial services subsidiaries do not 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 HEI’s segment operations was as follows: Three Months Ended January 31, (In thousands) 2019 2018 Revenues: Northeast $19,941 $20,199 Mid-Atlantic 53,430 71,297 Midwest 44,921 40,579 Southeast 43,991 56,668 Southwest 118,199 128,305 West 89,901 85,050 Total homebuilding 370,383 402,098 Financial services 9,608 10,888 Corporate and unallocated 603 4,180 Total revenues $380,594 $417,166 (Loss) income before income taxes: Northeast $5,879 $(9,701 ) Mid-Atlantic (7 ) 1,952 Midwest (849 ) (2,344 ) Southeast (2,929 ) (1,661 ) Southwest 2,386 5,511 West 11,705 8,067 Total homebuilding 16,185 1,824 Financial services 1,134 2,547 Corporate and unallocated (1) (34,425 ) (34,842 ) (Loss) income before income taxes $(17,106 ) $(30,471 ) ( 1 three January 31, 2019 $17.7 $17.5 0.8 three January 31, 2018 $19.1 $19.6 3.9 (In thousands) January 31, 2019 October 31, 2018 Assets: Northeast $160,918 $152,607 Mid-Atlantic 249,687 217,807 Midwest 84,828 85,398 Southeast 272,385 246,497 Southwest 337,601 320,452 West 267,218 244,886 Total homebuilding 1,372,637 1,267,647 Financial services 94,396 164,880 Corporate and unallocated 156,690 229,515 Total assets $1,623,723 $1,662,042

Note 17 - Investments in Uncons

Note 17 - Investments in Unconsolidated Homebuilding and Land Development Joint Ventures	3 Months Ended
	Jan. 31, 2019
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 During the first 2018, one $13.0 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) January 31, 2019 Homebuilding Land Development Total Assets: Cash and cash equivalents $65,736 $1,415 $67,151 Inventories 498,886 9,264 508,150 Other assets 30,522 - 30,522 Total assets $595,144 $10,679 $605,823 Liabilities and equity: Accounts payable and accrued liabilities $70,995 $1,246 $72,241 Notes payable 250,925 - 250,925 Total liabilities 321,920 1,246 323,166 Equity of: Hovnanian Enterprises, Inc. 120,115 4,385 124,500 Others 153,109 5,048 158,157 Total equity 273,224 9,433 282,657 Total liabilities and equity $595,144 $10,679 $605,823 Debt to capitalization ratio 48 % 0 % 47 % (Dollars in thousands) October 31, 2018 Homebuilding Land Development Total Assets: Cash and cash equivalents $50,010 $2,275 $52,285 Inventories 506,650 8,004 514,654 Other assets 35,105 - 35,105 Total assets $591,765 $10,279 $602,044 Liabilities and equity: Accounts payable and accrued liabilities $79,108 $746 $79,854 Notes payable 236,665 - 236,665 Total liabilities 315,773 746 316,519 Equity of: Hovnanian Enterprises, Inc. 114,950 4,369 119,319 Others 161,042 5,164 166,206 Total equity 275,992 9,533 285,525 Total liabilities and equity $591,765 $10,279 $602,044 Debt to capitalization ratio 46 % 0 % 45 % As of January 31, 2019 October 31, 2018, $4.4 $4.6 $128.9 $123.7 January 31, 2019 October 31, 2018, three January 31, 2019 2018, not three January 31, 2018, one $0.7 For the Three Months Ended January 31, 2019 (In thousands) Homebuilding Land Development Total Revenues $95,774 $1,005 $96,779 Cost of sales and expenses (89,312 ) (971 ) (90,283 ) Joint venture net income $6,462 $34 $6,496 Our share of net income $9,541 $17 $9,558 For the Three Months Ended January 31, 2018 (In thousands) Homebuilding Land Development Total Revenues $58,565 $1,275 $59,840 Cost of sales and expenses (72,136 ) (1,158 ) (73,294 ) Joint venture net (loss) income $(13,571 ) $117 $(13,454 ) Our share of net (loss) income $(5,199 ) $59 $(5,140 ) “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. For the first 2019, $3.4 $1.9 three January 31, 2019 2018, 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 47%. 810 10 not not

Note 18 - Recent Accounting Pro

Note 18 - Recent Accounting Pronouncements	3 Months Ended
	Jan. 31, 2019
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, November 1, 2018 not In February 2016, No. 2016 02, 842 2016 02” 2016 02 12 2016 02 November 1, 2019. July 2018, No. 2018 10 842, 2018 10” No. 2018 11 842 2018 11” 2018 10 2016 02. 2018 11 2016 02 2018 11 not In October 2016, No. 2016 16, 740 2016 16” 2016 16 2016 16 November 1, 2018 not In July 2018, No. 2018 09, 2018 09” 2018 09 2018 09 not 2018 09. December 15, 2018. In August 2018, No. 2018 13, 820 2018 13” 2018 13 November 1, 2020. In August 2018, No. 2018 15 350 40 2018 15” 2018 15 2018 15 November 1, 2020.

Note 19 - Fair Value of Financi

Note 19 - Fair Value of Financial Instruments	3 Months Ended
	Jan. 31, 2019
Notes to Financial Statements
Fair Value Disclosures [Text Block]	19. Fair Value of Financial Instruments ASC 820, Level 1: Level 2: Level 3: Our financial instruments measured at fair value on a recurring basis are summarized below: (In thousands) Fair Value Hierarchy Fair Value at January 31, 2019 Fair Value at October 31, 2018 Mortgage loans held for sale (1) Level 2 $65,610 $130,709 Interest rate lock commitments Level 2 225 (28 ) Forward contracts Level 2 (385 ) 13 Total $65,450 $130,694 ( 1 $63.7 $127.6 January 31, 2019 October 31, 2018, 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 $442.8 January 31, 2019. $54.4 January 31, 2019. 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 January 31, 2019, $22.5 March 21, 2019. 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 January 31, 2019 (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 $1,996 $225 $(385 ) Three Months Ended January 31, 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 $2,434 $(248 ) $268 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 January 31, 2019. not three January 31, 2018. Nonfinancial Assets Three Months Ended January 31, 2019 (In thousands) Fair Value Hierarchy Pre- Impairment Amount Total Losses Fair Value Sold and unsold homes and lots under development Level 3 $- $- $- Land and land options held for future development or sale Level 3 $6,302 $(43 ) $6,259 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 $0.1 three January 31, 2019. not three January 31, 2018. 4 The fair value of our cash equivalents, restricted cash and cash equivalents and customer’s deposits approximates their carrying amount, based on Level 1 The fair value of each series of our Notes are listed below. Level 2 3 third Fair Value as of January 31, 2019 (In thousands) Level 1 Level 2 Level 3 Total Senior Secured Notes: 9.5% Senior Secured Notes due November 15, 2020 $- $- $71,250 $71,250 2.0% Senior Secured Notes due November 1, 2021 - - 39,370 39,370 5.0% Senior Secured Notes due November 1, 2021 - 117,568 - 117,568 10.0% Senior Secured Notes due July 15, 2022 - 380,600 - 380,600 10.5% Senior Secured Notes due July 15, 2024 - 344,556 - 344,556 Senior Secured Revolving Credit Facility - - 30,752 30,752 Senior Notes: 13.5% Senior Notes due February 1, 2026 - 84,815 - 84,815 5.0% Senior Notes due February 1, 2040 - 35,505 - 35,505 Senior Unsecured Term Loan Credit Facility due February 1, 2027 - - 110,389 110,389 Total fair value $- $963,044 $251,761 $1,214,805 Fair Value as of October 31, 2018 (In thousands) Level 1 Level 2 Level 3 Total Senior Secured Notes: 9.5% Senior Secured Notes due November 15, 2020 $- $- $74,250 $74,250 2.0% Senior Secured Notes due November 1, 2021 - - 40,434 40,434 5.0% Senior Secured Notes due November 1, 2021 - 124,781 - 124,781 10.0% Senior Secured Notes due July 15, 2022 - 424,670 - 424,670 10.5% Senior Secured Notes due July 15, 2024 - 366,720 - 366,720 Senior Notes: 13.5% Senior Notes due February 1, 2026 - 88,148 - 88,148 5.0% Senior Notes due February 1, 2040 - 35,628 - 35,628 Senior Unsecured Term Loan Credit Facility due February 1, 2027 - - 114,328 114,328 Total fair value $- $1,039,947 229,012 $1,268,959

Note 20 - Transactions With Rel

Note 20 - Transactions With Related Parties	3 Months Ended
	Jan. 31, 2019
Notes to Financial Statements
Related Party Transactions Disclosure [Text Block]	20. Transactions with Related Parties During the three January 31, 2019 2018, $0.2 $0.1

Note 21 - Subsequent Events

Note 21 - Subsequent Events	3 Months Ended
	Jan. 31, 2019
Notes to Financial Statements
Subsequent Events [Text Block]	21. Subsequent Events In February 2019, eight two $54.0 $53.5 $0.5

Note 3 - Interest (Tables)

Note 3 - Interest (Tables)	3 Months Ended
	Jan. 31, 2019
Notes Tables
Schedule of Real Estate Inventory, Capitalized Interest Costs [Table Text Block]	Three Months Ended January 31, (In thousands) 2019 2018 Interest capitalized at beginning of period $68,117 $71,051 Plus interest incurred(1) 38,853 41,165 Less cost of sales interest expensed 10,242 12,292 Less other interest expensed(2)(3) 22,273 29,131 Interest capitalized at end of period(4) $74,455 $70,793
Cash Paid for Interest Net of Capitalized Interest [Table Text Block]	Three Months Ended January 31, (In thousands) 2019 2018 Other interest expensed $22,273 $29,131 Interest paid by our mortgage and finance subsidiaries 689 601 Decrease in accrued interest 17,477 26,750 Cash paid for interest, net of capitalized interest $40,439 $56,482

Note 6 - Warranty Costs (Tables

Note 6 - Warranty Costs (Tables)	3 Months Ended
	Jan. 31, 2019
Notes Tables
Schedule of Product Warranty Liability [Table Text Block]	Three Months Ended January 31, (In thousands) 2019 2018 Balance, beginning of period $95,064 $127,702 Additions – Selling, general and administrative 2,158 2,169 Additions – Cost of sales 2,028 5,745 Charges incurred during the period (6,091 ) (6,302 ) Changes to pre-existing reserves 251 - Balance, end of period $93,410 $129,314

Note 9 - Mortgage Loans Held _2

Note 9 - Mortgage Loans Held for Sale (Tables)	3 Months Ended
	Jan. 31, 2019
Notes Tables
Allowance for Credit Losses on Financing Receivables [Table Text Block]	Three Months Ended January 31, (In thousands) 2019 2018 Loan origination reserves, beginning of period $2,563 $3,158 Provisions for losses during the period 41 30 Adjustments to pre-existing provisions for losses from changes in estimates 10 - Payments/Settlements (1,350 ) - Loan origination reserves, end of period $1,264 $3,188

Note 11 - Senior Notes and Cr_2

Note 11 - Senior Notes and Credit Facilities (Tables)	3 Months Ended
	Jan. 31, 2019
Notes Tables
Schedule of Long-term Debt Instruments [Table Text Block]	(In thousands) January 31, 2019(1)(2) October 31, 2018(1)(2) Senior Secured Notes: 9.5% Senior Secured Notes due November 15, 2020 $74,614 $74,561 2.0% Senior Secured Notes due November 1, 2021 (net of discount) 53,103 53,094 5.0% Senior Secured Notes due November 1, 2021 (net of discount) 136,052 135,571 10.0% Senior Secured Notes due July 15, 2022 435,763 435,461 10.5% Senior Secured Notes due July 15, 2024 (net of discount) 416,070 394,736 Total Senior Secured Notes, net of debt issuance costs $1,115,602 $1,093,423 Senior Notes: 8.0% Senior Notes due November 1, 2019 (3) $- $- 13.5% Senior Notes due February 1, 2026 (including premium) 100,932 101,162 5.0% Senior Notes due February 1, 2040 (net of discount) 43,410 43,264 Total Senior Notes, net of debt issuance costs $144,342 $144,426 Senior Unsecured Term Loan Credit Facility due February 1, 2027, net of debt issuance costs $201,424 $201,389 Senior Secured Revolving Credit Facility (4) $36,000 $-

Note 16 - Operating and Repor_2

Note 16 - Operating and Reporting Segments (Tables)	3 Months Ended
	Jan. 31, 2019
Notes Tables
Schedule of Segment Reporting Information, by Segment [Table Text Block]	(In thousands) January 31, 2019 October 31, 2018 Assets: Northeast $160,918 $152,607 Mid-Atlantic 249,687 217,807 Midwest 84,828 85,398 Southeast 272,385 246,497 Southwest 337,601 320,452 West 267,218 244,886 Total homebuilding 1,372,637 1,267,647 Financial services 94,396 164,880 Corporate and unallocated 156,690 229,515 Total assets $1,623,723 $1,662,042
Operating Segments [Member]
Notes Tables
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Three Months Ended January 31, (In thousands) 2019 2018 Revenues: Northeast $19,941 $20,199 Mid-Atlantic 53,430 71,297 Midwest 44,921 40,579 Southeast 43,991 56,668 Southwest 118,199 128,305 West 89,901 85,050 Total homebuilding 370,383 402,098 Financial services 9,608 10,888 Corporate and unallocated 603 4,180 Total revenues $380,594 $417,166 (Loss) income before income taxes: Northeast $5,879 $(9,701 ) Mid-Atlantic (7 ) 1,952 Midwest (849 ) (2,344 ) Southeast (2,929 ) (1,661 ) Southwest 2,386 5,511 West 11,705 8,067 Total homebuilding 16,185 1,824 Financial services 1,134 2,547 Corporate and unallocated (1) (34,425 ) (34,842 ) (Loss) income before income taxes $(17,106 ) $(30,471 )

Note 17 - Investments in Unco_2

Note 17 - Investments in Unconsolidated Homebuilding and Land Development Joint Ventures (Tables)	3 Months Ended
	Jan. 31, 2019
Notes Tables
Equity Method Investments [Table Text Block]	(Dollars in thousands) January 31, 2019 Homebuilding Land Development Total Assets: Cash and cash equivalents $65,736 $1,415 $67,151 Inventories 498,886 9,264 508,150 Other assets 30,522 - 30,522 Total assets $595,144 $10,679 $605,823 Liabilities and equity: Accounts payable and accrued liabilities $70,995 $1,246 $72,241 Notes payable 250,925 - 250,925 Total liabilities 321,920 1,246 323,166 Equity of: Hovnanian Enterprises, Inc. 120,115 4,385 124,500 Others 153,109 5,048 158,157 Total equity 273,224 9,433 282,657 Total liabilities and equity $595,144 $10,679 $605,823 Debt to capitalization ratio 48 % 0 % 47 % (Dollars in thousands) October 31, 2018 Homebuilding Land Development Total Assets: Cash and cash equivalents $50,010 $2,275 $52,285 Inventories 506,650 8,004 514,654 Other assets 35,105 - 35,105 Total assets $591,765 $10,279 $602,044 Liabilities and equity: Accounts payable and accrued liabilities $79,108 $746 $79,854 Notes payable 236,665 - 236,665 Total liabilities 315,773 746 316,519 Equity of: Hovnanian Enterprises, Inc. 114,950 4,369 119,319 Others 161,042 5,164 166,206 Total equity 275,992 9,533 285,525 Total liabilities and equity $591,765 $10,279 $602,044 Debt to capitalization ratio 46 % 0 % 45 % For the Three Months Ended January 31, 2019 (In thousands) Homebuilding Land Development Total Revenues $95,774 $1,005 $96,779 Cost of sales and expenses (89,312 ) (971 ) (90,283 ) Joint venture net income $6,462 $34 $6,496 Our share of net income $9,541 $17 $9,558 For the Three Months Ended January 31, 2018 (In thousands) Homebuilding Land Development Total Revenues $58,565 $1,275 $59,840 Cost of sales and expenses (72,136 ) (1,158 ) (73,294 ) Joint venture net (loss) income $(13,571 ) $117 $(13,454 ) Our share of net (loss) income $(5,199 ) $59 $(5,140 )

Note 19 - Fair Value of Finan_2

Note 19 - Fair Value of Financial Instruments (Tables)	3 Months Ended
	Jan. 31, 2019
Notes Tables
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]	(In thousands) Fair Value Hierarchy Fair Value at January 31, 2019 Fair Value at October 31, 2018 Mortgage loans held for sale (1) Level 2 $65,610 $130,709 Interest rate lock commitments Level 2 225 (28 ) Forward contracts Level 2 (385 ) 13 Total $65,450 $130,694
Fair Value Option, Disclosures [Table Text Block]	Three Months Ended January 31, 2019 (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 $1,996 $225 $(385 ) Three Months Ended January 31, 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 $2,434 $(248 ) $268
Fair Value Measurements, Nonrecurring [Table Text Block]	Three Months Ended January 31, 2019 (In thousands) Fair Value Hierarchy Pre- Impairment Amount Total Losses Fair Value Sold and unsold homes and lots under development Level 3 $- $- $- Land and land options held for future development or sale Level 3 $6,302 $(43 ) $6,259
Fair Value, Liabilities Measured on Recurring and Nonrecurring Basis 2 [Table Text Block]	(In thousands) Level 1 Level 2 Level 3 Total Senior Secured Notes: 9.5% Senior Secured Notes due November 15, 2020 $- $- $71,250 $71,250 2.0% Senior Secured Notes due November 1, 2021 - - 39,370 39,370 5.0% Senior Secured Notes due November 1, 2021 - 117,568 - 117,568 10.0% Senior Secured Notes due July 15, 2022 - 380,600 - 380,600 10.5% Senior Secured Notes due July 15, 2024 - 344,556 - 344,556 Senior Secured Revolving Credit Facility - - 30,752 30,752 Senior Notes: 13.5% Senior Notes due February 1, 2026 - 84,815 - 84,815 5.0% Senior Notes due February 1, 2040 - 35,505 - 35,505 Senior Unsecured Term Loan Credit Facility due February 1, 2027 - - 110,389 110,389 Total fair value $- $963,044 $251,761 $1,214,805 (In thousands) Level 1 Level 2 Level 3 Total Senior Secured Notes: 9.5% Senior Secured Notes due November 15, 2020 $- $- $74,250 $74,250 2.0% Senior Secured Notes due November 1, 2021 - - 40,434 40,434 5.0% Senior Secured Notes due November 1, 2021 - 124,781 - 124,781 10.0% Senior Secured Notes due July 15, 2022 - 424,670 - 424,670 10.5% Senior Secured Notes due July 15, 2024 - 366,720 - 366,720 Senior Notes: 13.5% Senior Notes due February 1, 2026 - 88,148 - 88,148 5.0% Senior Notes due February 1, 2040 - 35,628 - 35,628 Senior Unsecured Term Loan Credit Facility due February 1, 2027 - - 114,328 114,328 Total fair value $- $1,039,947 229,012 $1,268,959

Note 1 - Basis of Presentation

Note 1 - Basis of Presentation (Details Textual) - USD ($) $ in Thousands	3 Months Ended
	Jan. 31, 2019	Jan. 31, 2018
Net Cash Provided by (Used in) Operating Activities, Total	$ (122,172)	$ (87,644)
Net Cash Provided by (Used in) Investing Activities, Total	$ 3,394	40,868
Accounting Standards Update 2016-18 [Member] | New Accounting Pronouncement, Early Adoption, Effect [Member]
Net Cash Provided by (Used in) Operating Activities, Total		(5,100)
Net Cash Provided by (Used in) Investing Activities, Total		$ (200)

Note 2 - Stock Compensation (De

Note 2 - Stock Compensation (Details Textual) - USD ($) $ in Millions	3 Months Ended
	Jan. 31, 2019	Jan. 31, 2018
Allocated Share-based Compensation Expense, Total	$ 0.6	$ 1
Employee Stock Option [Member]
Allocated Share-based Compensation Expense, Total	$ 0.1	$ 0.2

Note 3 - Interest (Details Text

Note 3 - Interest (Details Textual) - USD ($) $ in Thousands		3 Months Ended
		Jan. 31, 2019	Jan. 31, 2018
Real Estate Inventory Expense Not Eligible for Capitalization	[1],[2]	$ 22,273	$ 29,131
Qualifying Assets Not Exceeding Debt [Member]
Real Estate Inventory Expense Not Eligible for Capitalization		17,600	19,600
Completed Homes, Land in Planning and Fully Developed Lots without Homes under Construction [Member]
Real Estate Inventory Expense Not Eligible for Capitalization		$ 4,700	$ 9,600
[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: Three Months Ended January 31, (In thousands) 2019 2018 Other interest expensed $22,273 $29,131 Interest paid by our mortgage and finance subsidiaries 689 601 Decrease in accrued interest 17,477 26,750 Cash paid for interest, net of capitalized interest $40,439 $56,482
[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 $17.6 million and $19.6 million for the three months ended January 31, 2019 and 2018, 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 $4.7 million and $9.6 million for the three months ended January 31, 2019 and 2018, respectively.

Note 3 - Interest - Interest Co

Note 3 - Interest - Interest Costs Incurred, Expensed and Capitalized (Details) - USD ($) $ in Thousands		3 Months Ended
		Jan. 31, 2019	Jan. 31, 2018
Interest capitalized at beginning of period		$ 68,117	$ 71,051
Plus interest incurred(1)	[1]	38,853	41,165
Less cost of sales interest expensed		10,242	12,292
Less other interest expensed(2)(3)	[2],[3]	22,273	29,131
Interest capitalized at end of period(4)	[4]	$ 74,455	$ 70,793
[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: Three Months Ended January 31, (In thousands) 2019 2018 Other interest expensed $22,273 $29,131 Interest paid by our mortgage and finance subsidiaries 689 601 Decrease in accrued interest 17,477 26,750 Cash paid for interest, net of capitalized interest $40,439 $56,482
[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 $17.6 million and $19.6 million for the three months ended January 31, 2019 and 2018, 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 $4.7 million and $9.6 million for the three months ended January 31, 2019 and 2018, 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
		Jan. 31, 2019	Jan. 31, 2018
Other interest expensed	[1],[2]	$ 22,273	$ 29,131
Interest paid by our mortgage and finance subsidiaries		689	601
Decrease in accrued interest		17,477	26,750
Cash paid for interest, net of capitalized interest		$ 40,439	$ 56,482
[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: Three Months Ended January 31, (In thousands) 2019 2018 Other interest expensed $22,273 $29,131 Interest paid by our mortgage and finance subsidiaries 689 601 Decrease in accrued interest 17,477 26,750 Cash paid for interest, net of capitalized interest $40,439 $56,482
[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 $17.6 million and $19.6 million for the three months ended January 31, 2019 and 2018, 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 $4.7 million and $9.6 million for the three months ended January 31, 2019 and 2018, respectively.

Note 4 - Reduction of Invento_2

Note 4 - Reduction of Inventory to Fair Value (Details Textual) $ in Thousands	3 Months Ended
	Jan. 31, 2019USD ($)	Jan. 31, 2018USD ($)	Oct. 31, 2018USD ($)
Number of Communities Evaluated for Impairment	397	387
Number of Communities Performed Detailed Impairment Calculations	1
Impairment of Real Estate	$ 0	$ 0
Homebuilding [Member]
Impairment of Real Estate	100	0
Carrying Value of Communities Tested for Impairment	6,300
Land Option Write Offs	$ 700	$ 400
Number of Walk Away Lots	1,490	627
Number of Communities Mothballed During the Period	0
Number of Previously Mothballed Communities Sold During the Period	2
Number of Mothballed Communities Reactivated	2
Number of Communities Mothballed	14		18
Inventory Real Estate Mothballed Communities	$ 14,100		$ 24,500
Inventory Real Estate Mothballed Communities Accumulated Impairment Charges	146,900		186,100
Liabilities from Inventory Real Estate Not Owned	82,105		63,387
Homebuilding [Member] | Model Sale Leaseback Financing Arrangements [Member]
Inventory Real Estate, Other Options	58,500		50,500
Liabilities from Inventory Real Estate Not Owned	51,400		43,900
Homebuilding [Member] | Land Banking Arrangement [Member]
Inventory Real Estate, Other Options	54,100		37,400
Liabilities from Inventory Real Estate Not Owned	$ 30,700		$ 19,500

Note 5 - Variable Interest En_2

Note 5 - Variable Interest Entities (Details Textual) $ in Millions	Jan. 31, 2019USD ($)
Deposits Associated with Land and Lot Options of Unconsolidated Variable Interest Entities	$ 73
Purchase Price Associated with Land and Lot Options of Unconsolidated Variable Interest Entities	$ 1,300

Note 6 - Warranty Costs (Detail

Note 6 - Warranty Costs (Details Textual) - USD ($) $ in Thousands	3 Months Ended
	Jan. 31, 2019	Jan. 31, 2018
Cash Received from Subcontractors for Owner Controlled Insurance Program	$ 1,200	$ 1,000
General Liability Insurance Deductible	20,000	20,000
Bodily Injury Insurance Deductible	250	250
Bodily Injury Insurance Limit	5,000	5,000
Aggregate Retention for Construction Defects Warranty and Bodily Injury Claims	20,000	20,000
Payments by Insurance Companies for Claims	$ 100	$ 100

Note 6 - Warranty Costs - Warra

Note 6 - Warranty Costs - Warranty and General Liability Reserve (Details) - USD ($) $ in Thousands	3 Months Ended
	Jan. 31, 2019	Jan. 31, 2018
Balance, beginning of period	$ 95,064	$ 127,702
Charges incurred during the period	(6,091)	(6,302)
Changes to pre-existing reserves	251
Balance, end of period	93,410	129,314
Selling, General and Administrative Expenses [Member]
Additions	2,158	2,169
Cost of Sales [Member]
Additions	$ 2,028	$ 5,745

Note 7 - Commitments and Cont_2

Note 7 - Commitments and Contingent Liabilities (Details Textual) - USD ($) $ in Millions	May 02, 2018	Jan. 31, 2019
EPA Case Involving a Housing Redevelopment Project in Newark, New Jersey [Member]
Loss Contingency, Percentage of Plaintiff's Costs for Which Reimbursement is Demanded	100.00%
Loss Contingency, Damages Sought, Value	$ 2.7
Great Notch Condominium Claims[Member]
Loss Contingency, Damages Sought, Value		$ 119.5

Note 8 - Cash and Cash Equiva_2

Note 8 - Cash and Cash Equivalents, Restricted Cash and Cash Equivalents and Customer's Deposits (Details Textual) - USD ($) $ in Thousands	Jan. 31, 2019	Oct. 31, 2018	Jan. 31, 2018
Cash Equivalents, at Carrying Value, Total	$ 128,000	$ 199,600
Mortgage Warehouse Lines of Credit [Member]
Restricted Cash and Cash Equivalents, Total	2,500	2,000
Homebuilding [Member]
Restricted Cash and Cash Equivalents, Total	12,827	12,808	$ 3,213
Homebuilding [Member] | Customer Deposits [Member]
Restricted Cash and Cash Equivalents, Total	100	100
Financial Services [Member]
Restricted Cash and Cash Equivalents, Total	22,715	25,400	$ 15,906
Financial Services [Member] | Customer Deposits [Member]
Restricted Cash and Cash Equivalents, Total	$ 20,200	$ 23,400

Note 9 - Mortgage Loans Held _3

Note 9 - Mortgage Loans Held for Sale (Details Textual) $ in Millions	Jan. 31, 2019USD ($)	Oct. 31, 2018USD ($)	Jan. 31, 2018
Loans Pledged as Collateral	$ 51.8	$ 115.2
Number of Loans Reserved For	20		45

Note 9 - Mortgage Loans Held _4

Note 9 - Mortgage Loans Held for Sale - Loan Origination Reserves (Details) - USD ($) $ in Thousands	3 Months Ended
	Jan. 31, 2019	Jan. 31, 2018
Loan origination reserves, beginning of period	$ 2,563	$ 3,158
Provisions for losses during the period	41	30
Adjustments to pre-existing provisions for losses from changes in estimates	10
Payments/Settlements	(1,350)
Loan origination reserves, end of period	$ 1,264	$ 3,188

Note 10 - Mortgages (Details Te

Note 10 - Mortgages (Details Textual) - USD ($) $ in Thousands	3 Months Ended
	Jan. 31, 2019	Oct. 31, 2018
JP Morgan Chase Bank [Member]
Line of Credit Facility, Maximum Borrowing Capacity	$ 50,000
Warehouse Agreement Borrowings, Total	$ 23,400	$ 40,300
JP Morgan Chase Bank [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument Variable Rate Basis Adjusted London Interbank Offered Rate LIBOR	2.51%
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	$ 20,000	40,200
Customers Bank [Member] | London Interbank Offered Rate (LIBOR) [Member] | Minimum [Member]
Debt Instrument, Basis Spread on Variable Rate	2.25%
Customers Bank [Member] | London Interbank Offered Rate (LIBOR) [Member] | Maximum [Member]
Debt Instrument, Basis Spread on Variable Rate	5.00%
Nonrecourse Mortgages Secured By Inventory [Member] | Mortgages [Member] | Homebuilding [Member]
Secured Debt, Total	$ 121,483	95,557
Debt Instrument, Collateral Amount	$ 285,200	$ 241,900
Debt, Weighted Average Interest Rate	6.30%	6.10%
Comerica Master Repurchase Agreement [Member]
Line of Credit Facility, Maximum Borrowing Capacity	$ 50,000
Warehouse Agreement Borrowings, Total	$ 7,800	$ 32,700
Comerica Master Repurchase Agreement [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument Variable Rate Basis Floor Rate	0.25%
Comerica Master Repurchase Agreement [Member] | London Interbank Offered Rate (LIBOR) [Member] | Minimum [Member]
Debt Instrument, Basis Spread on Variable Rate	2.25%
Comerica Master Repurchase Agreement [Member] | London Interbank Offered Rate (LIBOR) [Member] | Maximum [Member]
Debt Instrument, Basis Spread on Variable Rate	3.25%

Note 11 - Senior Notes and Cr_3

Note 11 - Senior Notes and Credit Facilities (Details Textual) $ in Thousands

Jan. 15, 2019USD ($)

Feb. 01, 2018USD ($)

Dec. 01, 2017USD ($)

Jan. 31, 2019USD ($)

Jan. 31, 2018USD ($)

Oct. 31, 2018USD ($)

Oct. 31, 2017

Dec. 28, 2017USD ($)

Jul. 27, 2017

Nov. 01, 2011

Interest Payable

$ 18,100

$ 35,600

Debt Issuance Costs, Net, Total

$ 13,700

14,100

Debt Covenant Fixed Charge Coverage Ratio Minimum

2

Proceeds from Secured Notes Payable

$ 21,348

Repayments of Senior Debt, Total

56,002

Stand-alone Cash Collateralized Letter of Credit Agreements and Facilities [Member]

Letters of Credit Outstanding, Amount

12,300

12,500

Stand-alone Cash Collateralized Letter of Credit Agreements and Facilities [Member] | Restricted Cash [Member]

Debt Instrument, Collateral Amount

$ 12,700

$ 12,700

GSO [Member] | Revolving Credit Facility [Member]

Line of Credit Facility, Maximum Borrowing Capacity

$ 125,000

Series A Preferred Stock [Member]

Preferred Stock, Dividend Rate, Percentage

7.625%

Senior Exchangeable Notes [Member]

Debt Instrument, Interest Rate, Stated Percentage

6.00%

Repayments of Senior Debt, Total

$ 53,900

Unsecured Senior Notes [Member] | GSO [Member]

Debt Instrument, Face Amount

$ 132,500

132,500

Delayed Draw Term Loans [Member] | GSO [Member]

Debt Agreement Maximum Borrowing Capacity

$ 80,000

8.0% Senior Notes Due 2019 [Member]

Debt Instrument, Face Amount

$ 170,200

$ 26,000

Debt Instrument, Interest Rate, Stated Percentage

8.00%

8.00%

8.0% Senior Notes Due 2019 [Member] | K. Hovnanian at Sunrise Trail III, LLC [Member]

Repayments of Senior Debt, Total

$ 26,500

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 5.0% 2021 Notes [Member] | Senior Secured Notes [Member]

Debt Instrument, Interest Rate, Stated Percentage

5.00%

[1],[2]

5.00%

[1],[2]

5.00%

The 2.0% 2021 Notes [Member] | Senior Secured Notes [Member]

Debt Instrument, Interest Rate, Stated Percentage

2.00%

[1],[2]

2.00%

[1],[2]

2.00%

The 9.50% 2020 Notes [Member] | Senior Secured Notes [Member]

Debt Instrument, Interest Rate, Stated Percentage

[1],[2]

9.50%

9.50%

The 10.0% 2022 Notes [Member] | Senior Secured Notes [Member]

Debt Instrument, Interest Rate, Stated Percentage

10.00%

[1],[2]

10.00%

[1],[2]

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 One [Member] | Redemption with Net Cash Proceeds from Certain Equity Offerings [Member]

Debt Instrument, Redemption Price, Percentage

110.00%

Debt Instrument, Redemption Price, Percentage of Principal Amount Redeemed

35.00%

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 7.0% 2019 Notes [Member] | Senior Notes [Member]

Debt Instrument, Interest Rate, Stated Percentage

7.00%

The 10.5% 2024 Notes [Member]

Debt Instrument, Face Amount

$ 25,000

Debt Instrument, Interest Rate, Stated Percentage

10.50%

Proceeds from Secured Notes Payable

$ 21,300

The 10.5% 2024 Notes [Member] | Senior Secured Notes [Member]

Debt Instrument, Interest Rate, Stated Percentage

10.50%

10.50%

The 10.5% 2024 Notes [Member] | Senior Secured Notes [Member] | Debt Instrument, Redemption, Period One [Member]

Debt Instrument, Redemption Price, Percentage

100.00%

The 10.5% 2024 Notes [Member] | Senior Secured Notes [Member] | Debt Instrument, Redemption, Period One [Member] | Redemption with Net Cash Proceeds from Certain Equity Offerings [Member]

Debt Instrument, Redemption Price, Percentage

110.50%

Debt Instrument, Redemption Price, Percentage of Principal Amount Redeemed

35.00%

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 Notes [Member]

Debt Instrument, Interest Rate, Stated Percentage

10.50%

The 11.0% 2017 Amortizing Note [Member] | Senior Amortizing Notes [Member]

Debt Instrument, Interest Rate, Stated Percentage

11.00%

Repayments of Senior Debt, Total

$ 2,100

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%

Thirteen and a Half Percent Senior Notes Due 2026 [Member]

Debt Instrument, Face Amount

$ 90,600

Debt Instrument, Interest Rate, Stated Percentage

13.50%

Thirteen and a Half Percent Senior Notes Due 2026 [Member] | Senior Secured Notes [Member] | Debt Instrument, Redemption, Period One [Member]

Debt Instrument, Redemption Price, Percentage

100.00%

Thirteen and a Half Percent Senior Notes Due 2026 [Member] | Senior Secured Notes [Member] | Debt Instrument, Redemption, Period Two [Member]

Debt Instrument, Redemption Price, Percentage

100.00%

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

13.50%

[1],[2]

13.50%

Five Percent Senior Notes due 2040 [Member]

Debt Instrument, Face Amount

$ 90,100

Debt Instrument, Interest Rate, Stated Percentage

5.00%

Five Percent Senior Notes due 2040 [Member] | Senior Secured Notes [Member] | Debt Instrument, Redemption, Period One [Member]

Debt Instrument, Redemption Price, Percentage

100.00%

Five Percent Senior Notes due 2040 [Member] | Senior Secured Notes [Member] | Debt Instrument, Redemption, Period Two [Member]

Debt Instrument, Redemption Price, Percentage

100.00%

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

5.00%

[1],[2]

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

The 10.0% 2018 Notes [Member] | Senior Secured Notes [Member]

Debt Instrument, Interest Rate, Stated Percentage

10.00%

The 10% 2022 Notes and 10.5% 2024 Notes [Member] | Senior Secured Notes [Member] | Cash and Cash Equivalents Collateral [Member]

Debt Instrument, Collateral Amount

$ 52,100

The 10% 2022 Notes and 10.5% 2024 Notes [Member] | Senior Secured Notes [Member] | Restricted Cash [Member]

Debt Instrument, Collateral Amount

11,900

The 10% 2022 Notes and 10.5% 2024 Notes [Member] | Senior Secured Notes [Member] | Real Estate [Member]

Debt Instrument, Collateral Amount

$ 424,000

9.5% Senior Secured Notes Due 2020 [Member] | Debt Instrument, Redemption, Period Two [Member]

Debt Instrument, Redemption Price, Percentage

100.00%

9.5% Senior Secured Notes Due 2020 [Member] | Senior Secured Notes [Member]

Debt Instrument, Interest Rate, Stated Percentage

9.50%

9.50%

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%

The 2.0% 2021 Notes Member and 5.0% 2021 Notes [Member] | Senior Secured Notes [Member]

Debt Instrument, Redemption Price, Percentage

100.00%

Debt Instrument, Voluntary Prepayment Premium, Aggregate Principal Amount, Percentage

1.00%

The 2.0% 2021 Notes Member and 5.0% 2021 Notes [Member] | Senior Secured Notes [Member] | Real Estate [Member]

Debt Instrument, Collateral Amount

$ 141,100

The 2.0% 2021 Notes Member and 5.0% 2021 Notes [Member] | Senior Secured Notes [Member] | Secured Group [Member] | Investment in Joint Ventures [Member]

Debt Instrument, Collateral Amount

$ 119,300

The 2021 Notes and 9.5% 2020 Notes [Member] | Senior Secured Notes [Member] | Cash and Cash Equivalents Collateral [Member]

Debt Instrument, Collateral Amount

73,900

The 2021 Notes and 9.5% 2020 Notes [Member] | Senior Secured Notes [Member] | Restricted Cash [Member]

Debt Instrument, Collateral Amount

$ 800

[1]

Notes payable on our Condensed Consolidated Balance Sheets as of January 31, 2019 and October 31, 2018 consists of the total senior secured, senior, senior amortizing and senior exchangeable notes shown above, as well as accrued interest of $18.1 million and $35.6 million, respectively.

[2]

Unamortized debt issuance costs at January 31, 2019 and October 31, 2018 were $13.7 million and $14.1 million, respectively.

Note 11 - Senior Notes and Cr_4

Note 11 - Senior Notes and Credit Facilities - Senior Notes and Credit Facilities Balances (Details) - USD ($)		Jan. 31, 2019	Oct. 31, 2018
Senior Secured Notes [Member]
Long-term Debt, Total	[1],[2]	$ 1,115,602,000	$ 1,093,423,000
Senior Secured Notes [Member] | The 9.50% 2020 Notes [Member]
Long-term Debt, Total	[1],[2]	74,614,000	74,561,000
Senior Secured Notes [Member] | The 2.0% 2021 Notes [Member]
Long-term Debt, Total	[1],[2]	53,103,000	53,094,000
Senior Secured Notes [Member] | The 5.0% 2021 Notes [Member]
Long-term Debt, Total	[1],[2]	136,052,000	135,571,000
Senior Secured Notes [Member] | The 10.0% 2022 Notes [Member]
Long-term Debt, Total	[1],[2]	435,763,000	435,461,000
Senior Secured Notes [Member] | The 10.5% 2024 Notes [Member]
Long-term Debt, Total	[1],[2]	416,070,000	394,736,000
Unsecured Senior Notes Excluding Senior Amortizing Notes and Senior Exchangeable Notes [Member]
Long-term Debt, Total	[1],[2]	144,342,000	144,426,000
Unsecured Senior Notes Excluding Senior Amortizing Notes and Senior Exchangeable Notes [Member] | The 8.0% Senior Notes Due 2019 [Member]
Long-term Debt, Total	[1],[2],[3]
Unsecured Senior Notes Excluding Senior Amortizing Notes and Senior Exchangeable Notes [Member] | Thirteen and a Half Percent Senior Notes Due 2026 [Member]
Long-term Debt, Total	[1],[2]	100,932,000	101,162,000
Unsecured Senior Notes Excluding Senior Amortizing Notes and Senior Exchangeable Notes [Member] | Five Percent Senior Notes due 2040 [Member]
Long-term Debt, Total	[1],[2]	43,410,000	43,264,000
Senior Unsecured Term Loan Credit Facility Due 2027 [Member]
Revolving Credit Facility		201,424	$ 201,389
Senior Secured Revolving Credit Facility [Member]
Revolving Credit Facility	[1],[2],[4]	$ 36,000
[1]	Notes payable on our Condensed Consolidated Balance Sheets as of January 31, 2019 and October 31, 2018 consists of the total senior secured, senior, senior amortizing and senior exchangeable notes shown above, as well as accrued interest of $18.1 million and $35.6 million, respectively.
[2]	Unamortized debt issuance costs at January 31, 2019 and October 31, 2018 were $13.7 million and $14.1 million, respectively.
[3]	$26.0 million of 8.0% Senior Notes due 2019 are owned by a wholly-owned consolidated subsidiary of HEI. Therefore, in accordance with GAAP, such notes are not reflected on the Condensed Consolidated Balance Sheets of HEI.
[4]	Availability under the Senior Secured Revolving Credit Facility will terminate on December 28, 2019 and any loans thereunder on such date shall convert to secured term loans maturing on December 28, 2022.

Note 11 - Senior Notes and Cr_5

Note 11 - Senior Notes and Credit Facilities - Senior Notes and Credit Facilities Balances (Details) (Parentheticals)		3 Months Ended		12 Months Ended
		Jan. 31, 2019		Oct. 31, 2018		Feb. 01, 2018	Jul. 27, 2017	Nov. 01, 2011
Senior Unsecured Term Loan Credit Facility Due 2027 [Member]
Debt Instrument, Maturity Date		Feb. 1, 2027		Feb. 1, 2027
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		2.00%	[1],[2]	2.00%	[1],[2]			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		5.00%	[1],[2]	5.00%	[1],[2]			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		10.00%	[1],[2]	10.00%	[1],[2]		10.00%
Debt Instrument, Maturity Date	[1],[2]	Jul. 15, 2022		Jul. 15, 2022
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%
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		13.50%	[1],[2]	13.50%
Debt Instrument, Maturity Date		Feb. 1, 2026	[1],[2]	Feb. 1, 2026
Five Percent Senior Notes due 2040 [Member]
Debt Instrument, Interest Rate, Stated Percentage						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		5.00%	[1],[2]	5.00%
Debt Instrument, Maturity Date		Feb. 1, 2040	[1],[2]	Feb. 1, 2040
[1]	Notes payable on our Condensed Consolidated Balance Sheets as of January 31, 2019 and October 31, 2018 consists of the total senior secured, senior, senior amortizing and senior exchangeable notes shown above, as well as accrued interest of $18.1 million and $35.6 million, respectively.
[2]	Unamortized debt issuance costs at January 31, 2019 and October 31, 2018 were $13.7 million and $14.1 million, respectively.

Note 12 - Per Share Calculati_2

Note 12 - Per Share Calculations (Details Textual) - shares shares in Millions	3 Months Ended
	Jan. 31, 2019	Jan. 31, 2018
Non Vested Stock and Outstanding Options [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	2.8	3.4
Convertible Debt Securities [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount		3.3
Out of the Money Stock Options [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	6.9	3.2

Note 13 - Preferred Stock (Deta

Note 13 - Preferred Stock (Details Textual) - USD ($) $ / shares in Units, $ in Thousands	Jul. 12, 2005	Jan. 31, 2019	Jan. 31, 2018	Oct. 31, 2018
Preferred Stock, Shares Issued, Total		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

Note 14 - Common Stock (Details

Note 14 - Common Stock (Details Textual) shares in Thousands	3 Months Ended
	Jan. 31, 2019shares	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%
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%	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
Stock Repurchase Program, Remaining Number of Shares Authorized to be Repurchased	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	3 Months Ended				12 Months Ended
	Jan. 31, 2019	Oct. 31, 2018	Jan. 31, 2018	Jul. 31, 2017	Oct. 31, 2018
Income Tax Expense (Benefit), Total	$ 346		$ 338
Deferred Tax Assets, Valuation Allowance, Total	640,100
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest, Total	(17,106)	$ 48,100	(30,471)	$ (50,200)	$ 8,100
Gain (Loss) on Extinguishment of Debt, Total				$ (42,300)
Domestic Tax Authority [Member]
Income Tax Expense (Benefit), Total
Domestic Tax Authority [Member] | Between 2028 and 2037 [Member]
Operating Loss Carryforwards, Total	1,600,000
Domestic Tax Authority [Member] | Indefinite Tax Period [Member]
Operating Loss Carryforwards, Total	63,900
State and Local Jurisdiction [Member]
Income Tax Expense (Benefit), Total	346		$ 338
State and Local Jurisdiction [Member] | Indefinite Tax Period [Member]
Operating Loss Carryforwards, Total	43,300
State and Local Jurisdiction [Member] | Between 2019 and 2038 [Member]
Operating Loss Carryforwards, Total	2,500,000
State and Local Jurisdiction [Member] | Between 2019 and 2023 [Member]
Operating Loss Carryforwards, Total	145,300
State and Local Jurisdiction [Member] | Between 2024 and 2028 [Member]
Operating Loss Carryforwards, Total	691,200
State and Local Jurisdiction [Member] | Between 2029 and 2033 [Member]
Operating Loss Carryforwards, Total	1,300,000
State and Local Jurisdiction [Member] | Between 2034 and 2038 [Member]
Operating Loss Carryforwards, Total	$ 320,000

Note 16 - Operating and Repor_3

Note 16 - Operating and Reporting Segments (Details Textual) $ in Thousands		3 Months Ended
		Jan. 31, 2019USD ($)	Jan. 31, 2018USD ($)
Real Estate Inventory Expense Not Eligible for Capitalization	[1],[2]	$ 22,273	$ 29,131
Qualifying Assets Not Exceeding Debt [Member]
Real Estate Inventory Expense Not Eligible for Capitalization		17,600	19,600
Corporate, Non-Segment [Member]
General and Administrative Expense, Total		17,700	19,100
Other Nonoperating Income (Expense), Total		(800)	(3,900)
Corporate, Non-Segment [Member] | Qualifying Assets Not Exceeding Debt [Member]
Real Estate Inventory Expense Not Eligible for Capitalization		$ 17,500	$ 19,600
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: Three Months Ended January 31, (In thousands) 2019 2018 Other interest expensed $22,273 $29,131 Interest paid by our mortgage and finance subsidiaries 689 601 Decrease in accrued interest 17,477 26,750 Cash paid for interest, net of capitalized interest $40,439 $56,482
[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 $17.6 million and $19.6 million for the three months ended January 31, 2019 and 2018, 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 $4.7 million and $9.6 million for the three months ended January 31, 2019 and 2018, respectively.

Note 16 - Operating and Repor_4

Note 16 - Operating and Reporting Segments - Financial Information Relating to Segment Operations (Details) - USD ($) $ in Thousands		3 Months Ended				12 Months Ended
		Jan. 31, 2019	Oct. 31, 2018	Jan. 31, 2018	Jul. 31, 2017	Oct. 31, 2018
Revenues, Total		$ 380,594		$ 417,166
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest, Total		(17,106)	$ 48,100	(30,471)	$ (50,200)	$ 8,100
Corporate, Non-Segment [Member]
Revenues, Total	[1]	603		4,180
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest, Total	[1]	(34,425)		(34,842)
Homebuilding [Member]
Revenues, Total		370,986		406,278
Homebuilding [Member] | Operating Segments [Member]
Revenues, Total		370,383		402,098
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest, Total		16,185		1,824
Homebuilding [Member] | Northeast [Member] | Operating Segments [Member]
Revenues, Total		19,941		20,199
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest, Total		5,879		(9,701)
Homebuilding [Member] | Mid-Atlantic [Member] | Operating Segments [Member]
Revenues, Total		53,430		71,297
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest, Total		(7)		1,952
Homebuilding [Member] | Midwest [Member] | Operating Segments [Member]
Revenues, Total		44,921		40,579
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest, Total		(849)		(2,344)
Homebuilding [Member] | Southeast [Member] | Operating Segments [Member]
Revenues, Total		43,991		56,668
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest, Total		(2,929)		(1,661)
Homebuilding [Member] | Southwest [Member] | Operating Segments [Member]
Revenues, Total		118,199		128,305
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest, Total		2,386		5,511
Homebuilding [Member] | West [Member] | Operating Segments [Member]
Revenues, Total		89,901		85,050
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest, Total		11,705		8,067
Financial Services [Member]
Revenues, Total		9,608		10,888
Financial Services [Member] | Operating Segments [Member]
Revenues, Total		9,608		10,888
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest, Total		$ 1,134		$ 2,547
[1]	Corporate and unallocated for the three months ended January 31, 2019 included corporate general and administrative costs of $17.7 million, interest expense of $17.5 million (a component of Other interest on our Condensed Consolidated Statements of Operations) and $(0.8) million of other income and expenses primarily related to interest income and stock compensation. Corporate and unallocated for the three months ended January 31, 2018 included corporate general and administrative costs of $19.1 million, interest expense of $19.6 million (a component of Other interest on our Condensed Consolidated Statements of Operations) and $(3.9) million of other income and expenses primarily related to interest income, gain on the sale of our corporate headquarters building and stock compensation.

Note 16 - Operating and Repor_5

Note 16 - Operating and Reporting Segments - Financial Information Relating to Segment Financial Position (Details) - USD ($) $ in Thousands	Jan. 31, 2019	Oct. 31, 2018
Assets	$ 1,623,723	$ 1,662,042
Corporate, Non-Segment [Member]
Assets	156,690	229,515
Homebuilding [Member]
Assets	1,529,327	1,497,162
Homebuilding [Member] | Operating Segments [Member]
Assets	1,372,637	1,267,647
Homebuilding [Member] | Northeast [Member] | Operating Segments [Member]
Assets	160,918	152,607
Homebuilding [Member] | Mid-Atlantic [Member] | Operating Segments [Member]
Assets	249,687	217,807
Homebuilding [Member] | Midwest [Member] | Operating Segments [Member]
Assets	84,828	85,398
Homebuilding [Member] | Southeast [Member] | Operating Segments [Member]
Assets	272,385	246,497
Homebuilding [Member] | Southwest [Member] | Operating Segments [Member]
Assets	337,601	320,452
Homebuilding [Member] | West [Member] | Operating Segments [Member]
Assets	267,218	244,886
Financial Services [Member]
Assets	94,396	164,880
Financial Services [Member] | Operating Segments [Member]
Assets	$ 94,396	$ 164,880

Note 17 - Investments in Unco_3

Note 17 - Investments in Unconsolidated Homebuilding and Land Development Joint Ventures (Details Textual) - USD ($) $ in Thousands	3 Months Ended
	Jan. 31, 2019	Jan. 31, 2018	Oct. 31, 2018
Fair Value of Assets Acquired		$ 13,000
Revenues, Total	$ 380,594	417,166
Joint Venture Total Debt to Capitalization Ratio	47.00%
Joint Ventures in Northeast [Member]
Joint Venture Impairment Charge		700
Homebuilding [Member]
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures, Total	$ 128,858		$ 123,694
Revenues, Total	370,986	406,278
Homebuilding [Member] | Management Fees [Member]
Revenues, Total	3,400	$ 1,900
Corporate Joint Venture [Member]
Advances to Affiliate	$ 4,400		$ 4,600
Joint Venture Total Debt to Capitalization Ratio	47.00%		45.00%

Note 17 - Investments in Unco_4

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
	Jan. 31, 2019	Jan. 31, 2018	Oct. 31, 2018
Debt to capitalization ratio	47.00%
Our share of net income (loss)	$ 9,562	$ (5,176)
Corporate Joint Venture [Member]
Cash and cash equivalents	67,151		$ 52,285
Inventories	508,150		514,654
Other assets	30,522		35,105
Total assets	605,823		602,044
Accounts payable and accrued liabilities	72,241		79,854
Notes payable	250,925		236,665
Total liabilities	323,166		316,519
Hovnanian Enterprises, Inc.	124,500		119,319
Others	158,157		166,206
Total equity	282,657		285,525
Total liabilities and equity	$ 605,823		$ 602,044
Debt to capitalization ratio	47.00%		45.00%
Revenues	$ 96,779	59,840
Cost of sales and expenses	(90,283)	(73,294)
Joint venture net income (loss)	6,496	(13,454)
Our share of net income (loss)	9,558	(5,140)
Homebuilding Joint Venture [Member] | Corporate Joint Venture [Member]
Cash and cash equivalents	65,736		$ 50,010
Inventories	498,886		506,650
Other assets	30,522		35,105
Total assets	595,144		591,765
Accounts payable and accrued liabilities	70,995		79,108
Notes payable	250,925		236,665
Total liabilities	321,920		315,773
Hovnanian Enterprises, Inc.	120,115		114,950
Others	153,109		161,042
Total equity	273,224		275,992
Total liabilities and equity	$ 595,144		$ 591,765
Debt to capitalization ratio	48.00%		46.00%
Revenues	$ 95,774	58,565
Cost of sales and expenses	(89,312)	(72,136)
Joint venture net income (loss)	6,462	(13,571)
Our share of net income (loss)	9,541	(5,199)
Land Development Joint Venture [Member] | Corporate Joint Venture [Member]
Cash and cash equivalents	1,415		$ 2,275
Inventories	9,264		8,004
Other assets
Total assets	10,679		10,279
Accounts payable and accrued liabilities	1,246		746
Notes payable
Total liabilities	1,246		746
Hovnanian Enterprises, Inc.	4,385		4,369
Others	5,048		5,164
Total equity	9,433		9,533
Total liabilities and equity	$ 10,679		$ 10,279
Debt to capitalization ratio	0.00%		0.00%
Revenues	$ 1,005	1,275
Cost of sales and expenses	(971)	(1,158)
Joint venture net income (loss)	34	117
Our share of net income (loss)	$ 17	$ 59

Note 19 - Fair Value of Finan_3

Note 19 - Fair Value of Financial Instruments (Details Textual) - USD ($) $ in Thousands	3 Months Ended
	Jan. 31, 2019	Jan. 31, 2018	Oct. 31, 2018
Loans Held for Sale Mortgages Unpaid Principal	$ 63,700		$ 127,600
Other Commitment, Total	22,500
Impairment of Real Estate	0	$ 0
Homebuilding [Member]
Impairment of Real Estate	100	$ 0
Loan Origination Commitments [Member]
Loan Applications in Process	$ 442,800
Loan Origination Commitments [Member] | Maximum [Member]
Number of Days in Committment	60 days
Interest Rate Committed Loan Applications [Member]
Interest Rate Committed Loan Applications	$ 54,400

Note 19 - Fair Value of Finan_4

Note 19 - Fair Value of Financial Instruments - Financial Instruments Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Thousands		Jan. 31, 2019	Oct. 31, 2018
Total		$ 65,450	$ 130,694
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member]
Mortgage loans held for sale	[1]	65,610	130,709
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | Interest Rate Lock Commitments [Member]
Derivative Fair Value		225	(28)
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | Forward Contracts [Member]
Derivative Fair Value		$ (385)	$ 13
[1]	The aggregate unpaid principal balance was $63.7 million and $127.6 million at January 31, 2019 and October 31, 2018, respectively.

Note 19 - Fair Value of Finan_5

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
	Jan. 31, 2019	Jan. 31, 2018
Loans Held for Sale [Member]
Fair value included in net loss all reflected in financial services revenues	$ 1,996	$ 2,434
Interest Rate Lock Commitments [Member]
Fair value included in net loss all reflected in financial services revenues	225	(248)
Forward Contracts [Member]
Fair value included in net loss all reflected in financial services revenues	$ (385)	$ 268

Note 19 - Fair Value of Finan_6

Note 19 - Fair Value of Financial Instruments - Assets Measured at Fair Value on a Nonrecurring Basis (Details) - USD ($) $ in Thousands	3 Months Ended
	Jan. 31, 2019	Jan. 31, 2018
Total Losses	$ 0	$ 0
Sold and Unsold Homes and Lots Under Development [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member]
Pre-Impairment Amount
Total Losses
Fair Value of Inventory
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	6,302
Total Losses	(43)
Fair Value of Inventory	$ 6,259

Note 19 - Fair Value of Finan_7

Note 19 - Fair Value of Financial Instruments - Fair Value of Notes (Details) - USD ($) $ in Thousands	Jan. 31, 2019	Oct. 31, 2018
Notes, Fair Value	$ 1,214,805	$ 1,268,959
Fair Value, Inputs, Level 1 [Member]
Notes, Fair Value
Fair Value, Inputs, Level 2 [Member]
Notes, Fair Value	963,044	1,039,947
Fair Value, Inputs, Level 3 [Member]
Notes, Fair Value	251,761	229,012
Senior Secured Notes [Member] | 9.5% Senior Secured Notes Due 2020 [Member]
Notes, Fair Value	71,250	74,250
Senior Secured Notes [Member] | 9.5% Senior Secured Notes Due 2020 [Member] | Fair Value, Inputs, Level 1 [Member]
Notes, Fair Value
Senior Secured Notes [Member] | 9.5% Senior Secured Notes Due 2020 [Member] | Fair Value, Inputs, Level 2 [Member]
Notes, Fair Value
Senior Secured Notes [Member] | 9.5% Senior Secured Notes Due 2020 [Member] | Fair Value, Inputs, Level 3 [Member]
Notes, Fair Value	71,250	74,250
Senior Secured Notes [Member] | The 2.0% 2021 Notes [Member]
Notes, Fair Value	39,370	40,434
Senior Secured Notes [Member] | The 2.0% 2021 Notes [Member] | Fair Value, Inputs, Level 1 [Member]
Notes, Fair Value
Senior Secured Notes [Member] | The 2.0% 2021 Notes [Member] | Fair Value, Inputs, Level 2 [Member]
Notes, Fair Value
Senior Secured Notes [Member] | The 2.0% 2021 Notes [Member] | Fair Value, Inputs, Level 3 [Member]
Notes, Fair Value	39,370	40,434
Senior Secured Notes [Member] | The 5.0% 2021 Notes [Member]
Notes, Fair Value	117,568	124,781
Senior Secured Notes [Member] | The 5.0% 2021 Notes [Member] | Fair Value, Inputs, Level 1 [Member]
Notes, Fair Value
Senior Secured Notes [Member] | The 5.0% 2021 Notes [Member] | Fair Value, Inputs, Level 2 [Member]
Notes, Fair Value	117,568	124,781
Senior Secured Notes [Member] | The 5.0% 2021 Notes [Member] | Fair Value, Inputs, Level 3 [Member]
Notes, Fair Value
Senior Secured Notes [Member] | The 10.0% 2022 Notes [Member]
Notes, Fair Value	380,600	424,670
Senior Secured Notes [Member] | The 10.0% 2022 Notes [Member] | Fair Value, Inputs, Level 1 [Member]
Notes, Fair Value
Senior Secured Notes [Member] | The 10.0% 2022 Notes [Member] | Fair Value, Inputs, Level 2 [Member]
Notes, Fair Value	380,600	424,670
Senior Secured Notes [Member] | The 10.0% 2022 Notes [Member] | Fair Value, Inputs, Level 3 [Member]
Notes, Fair Value
Senior Secured Notes [Member] | The 10.5% 2024 Notes [Member]
Notes, Fair Value	344,556	366,720
Senior Secured Notes [Member] | The 10.5% 2024 Notes [Member] | Fair Value, Inputs, Level 1 [Member]
Notes, Fair Value
Senior Secured Notes [Member] | The 10.5% 2024 Notes [Member] | Fair Value, Inputs, Level 2 [Member]
Notes, Fair Value	344,556	366,720
Senior Secured Notes [Member] | The 10.5% 2024 Notes [Member] | Fair Value, Inputs, Level 3 [Member]
Notes, Fair Value
Senior Notes [Member] | The 13.5% 2026 Notes [Member]
Notes, Fair Value		88,148
Senior Notes [Member] | The 13.5% 2026 Notes [Member] | Fair Value, Inputs, Level 1 [Member]
Notes, Fair Value
Senior Notes [Member] | The 13.5% 2026 Notes [Member] | Fair Value, Inputs, Level 2 [Member]
Notes, Fair Value		88,148
Senior Notes [Member] | The 13.5% 2026 Notes [Member] | Fair Value, Inputs, Level 3 [Member]
Notes, Fair Value
Senior Notes [Member] | Thirteen and a Half Percent Senior Notes Due 2026 [Member]
Notes, Fair Value	84,815
Senior Notes [Member] | Thirteen and a Half Percent Senior Notes Due 2026 [Member] | Fair Value, Inputs, Level 1 [Member]
Notes, Fair Value
Senior Notes [Member] | Thirteen and a Half Percent Senior Notes Due 2026 [Member] | Fair Value, Inputs, Level 2 [Member]
Notes, Fair Value	84,815
Senior Notes [Member] | Thirteen and a Half Percent Senior Notes Due 2026 [Member] | Fair Value, Inputs, Level 3 [Member]
Notes, Fair Value
Senior Notes [Member] | Five Percent Senior Notes due 2040 [Member]
Notes, Fair Value	35,505
Senior Notes [Member] | Five Percent Senior Notes due 2040 [Member] | Fair Value, Inputs, Level 1 [Member]
Notes, Fair Value
Senior Notes [Member] | Five Percent Senior Notes due 2040 [Member] | Fair Value, Inputs, Level 2 [Member]
Notes, Fair Value	35,505
Senior Notes [Member] | Five Percent Senior Notes due 2040 [Member] | Fair Value, Inputs, Level 3 [Member]
Notes, Fair Value
Senior Notes [Member] | The 5.0% 2040 Notes [Member]
Notes, Fair Value		35,628
Senior Notes [Member] | The 5.0% 2040 Notes [Member] | Fair Value, Inputs, Level 1 [Member]
Notes, Fair Value
Senior Notes [Member] | The 5.0% 2040 Notes [Member] | Fair Value, Inputs, Level 2 [Member]
Notes, Fair Value		35,628
Senior Notes [Member] | The 5.0% 2040 Notes [Member] | Fair Value, Inputs, Level 3 [Member]
Notes, Fair Value
Senior Secured Revolving Credit Facility [Member]
Notes, Fair Value	30,752
Senior Secured Revolving Credit Facility [Member] | Fair Value, Inputs, Level 1 [Member]
Notes, Fair Value
Senior Secured Revolving Credit Facility [Member] | Fair Value, Inputs, Level 2 [Member]
Notes, Fair Value
Senior Secured Revolving Credit Facility [Member] | Fair Value, Inputs, Level 3 [Member]
Notes, Fair Value	30,752
Unsecured Senior Term Loan [Member] | Senior Unsecured Term Loan Credit Facility Due 2027 [Member]
Notes, Fair Value	110,389	114,328
Unsecured Senior Term Loan [Member] | Senior Unsecured Term Loan Credit Facility Due 2027 [Member] | Fair Value, Inputs, Level 1 [Member]
Notes, Fair Value
Unsecured Senior Term Loan [Member] | Senior Unsecured Term Loan Credit Facility Due 2027 [Member] | Fair Value, Inputs, Level 2 [Member]
Notes, Fair Value
Unsecured Senior Term Loan [Member] | Senior Unsecured Term Loan Credit Facility Due 2027 [Member] | Fair Value, Inputs, Level 3 [Member]
Notes, Fair Value	$ 110,389	$ 114,328

Note 19 - Fair Value of Finan_8

Note 19 - Fair Value of Financial Instruments - Fair Value of Notes (Details) (Parentheticals)		3 Months Ended		12 Months Ended
		Jan. 31, 2019		Oct. 31, 2018		Jan. 15, 2019	Jul. 27, 2017	Nov. 01, 2011
9.5% Senior Secured Notes Due 2020 [Member] | Senior Secured Notes [Member]
Debt Instrument, Stated Interest Rate		9.50%		9.50%
Debt Instrument, Maturity Date		Nov. 15, 2020		Nov. 15, 2020
The 2.0% 2021 Notes [Member] | Senior Secured Notes [Member]
Debt Instrument, Stated Interest Rate		2.00%	[1],[2]	2.00%	[1],[2]			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, Stated Interest Rate		5.00%	[1],[2]	5.00%	[1],[2]			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, Stated Interest Rate		10.00%	[1],[2]	10.00%	[1],[2]		10.00%
Debt Instrument, Maturity Date	[1],[2]	Jul. 15, 2022		Jul. 15, 2022
The 10.5% 2024 Notes [Member]
Debt Instrument, Stated Interest Rate						10.50%
The 10.5% 2024 Notes [Member] | Senior Secured Notes [Member]
Debt Instrument, Stated Interest Rate		10.50%		10.50%
Debt Instrument, Maturity Date		Jul. 15, 2024		Jul. 15, 2024
The 10.5% 2024 Notes [Member] | Senior Notes [Member]
Debt Instrument, Stated Interest Rate		10.50%
The 13.5% 2026 Notes [Member] | Senior Notes [Member]
Debt Instrument, Stated Interest Rate				13.50%
Debt Instrument, Maturity Date				Feb. 1, 2026
The 5.0% 2040 Notes [Member] | Senior Notes [Member]
Debt Instrument, Stated Interest Rate				5.00%
Debt Instrument, Maturity Date				Feb. 1, 2040
Senior Unsecured Term Loan Credit Facility Due 2027 [Member] | Unsecured Senior Term Loan [Member]
Debt Instrument, Maturity Date		Feb. 1, 2027		Feb. 1, 2027
[1]	Notes payable on our Condensed Consolidated Balance Sheets as of January 31, 2019 and October 31, 2018 consists of the total senior secured, senior, senior amortizing and senior exchangeable notes shown above, as well as accrued interest of $18.1 million and $35.6 million, respectively.
[2]	Unamortized debt issuance costs at January 31, 2019 and October 31, 2018 were $13.7 million and $14.1 million, respectively.

Note 20 - Transactions With R_2

Note 20 - Transactions With Related Parties (Details Textual) - USD ($) $ in Millions	3 Months Ended
	Jan. 31, 2019	Jan. 31, 2018
Tavit Najarian [Member]
Related Party Transaction, Amounts of Transaction	$ 0.2	$ 0.1

Note 21 - Subsequent Events (De

Note 21 - Subsequent Events (Details Textual) - Subsequent Event [Member] - Corporate Joint Venture [Member] $ in Millions	1 Months Ended
	Feb. 28, 2019USD ($)
Number of Communities Sold to Joint Venture	8
Number of Communities Contributed to Joint Venture	2
Cash and Cash Equivalents, at Carrying Value, Ending Balance	$ 54
Long-term Debt, Total	53.5
Stockholders' Equity Attributable to Noncontrolling Interest, Ending Balance	$ 0.5