Hovnanian Enterprises (HOV) 10-Q 6 Jun 19 2019 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Apr. 30, 2019	Jun. 03, 2019
Document Information [Line Items]
Entity Registrant Name	HOVNANIAN ENTERPRISES INC
Entity Central Index Key	0000357294
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	Apr. 30, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q2
Amendment Flag	false
Common Class B [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding (in shares)		622,788
Common Class A [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding (in shares)		5,316,396

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Apr. 30, 2019	Oct. 31, 2018
Assets	$ 1,755,272	$ 1,662,042
Liabilities	2,239,751	2,115,546
Income taxes payable	2,090	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 April 30, 2019 and at October 31, 2018	135,299	135,299
Paid in capital – common stock	711,517	710,349
Accumulated deficit	(1,216,565)	(1,183,856)
Treasury stock – at cost – 470,430 shares of Class A common stock and 27,669 shares of Class B common stock at April 30, 2019 and October 31, 2018	(115,360)	(115,360)
Total Hovnanian Enterprises, Inc. stockholders’ equity deficit	(485,045)	(453,504)
Noncontrolling interest in consolidated joint ventures	566
Total equity deficit	(484,479)	(453,504)
Total liabilities and equity	1,755,272	1,662,042
Common Class A [Member]
Common stock	58	58
Common Class B [Member]
Common stock	6	6
Homebuilding [Member]
Cash and cash equivalents	123,998	187,871
Restricted cash and cash equivalents	17,223	12,808
Sold and unsold homes and lots under development	993,477	878,876
Land and land options held for future development or sale	120,146	111,368
Consolidated inventory not owned	154,435	87,921
Total inventories	1,268,058	1,078,165
Investments in and advances to unconsolidated joint ventures	135,562	123,694
Receivables, deposits and notes, net	29,154	35,189
Property, plant and equipment, net	20,307	20,285
Prepaid expenses and other assets	41,058	39,150
Assets	1,635,360	1,497,162
Accounts payable and other liabilities	285,293	304,899
Customers’ deposits	37,953	30,086
Liabilities from inventory not owned, net of debt issuance costs	123,348	63,387
Revolving and term loan credit facilities, net of debt issuance costs	201,459	201,389
Notes payable (net of discount, premium and debt issuance costs) and accrued interest	1,298,899	1,273,446
Liabilities	2,137,607	1,968,764
Homebuilding [Member] | Nonrecourse Mortgages Secured By Inventory [Member] | Mortgages [Member]
Nonrecourse mortgages, net of debt issuance costs	190,655	95,557
Financial Services [Member]
Cash and cash equivalents	5,424
Restricted cash and cash equivalents	21,958	25,400
Assets	119,912	164,880
Liabilities	$ 100,054	$ 143,448

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($) $ in Millions	Apr. 30, 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)	16,000,000	16,000,000
Common stock, shares issued (in shares)	5,786,826	5,783,858
Common stock, shares held in Treasury (in shares)	470,430	470,430
Common Class B [Member]
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	2,400,000	2,400,000
Common stock, shares issued (in shares)	650,457	649,673
Common stock, shares held in Treasury (in shares)	27,669	27,669

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) shares in Thousands, $ in Thousands		3 Months Ended		6 Months Ended
		Apr. 30, 2019	Apr. 30, 2018	Apr. 30, 2019	Apr. 30, 2018
Revenues		$ 440,691	$ 502,544	$ 821,285	$ 919,710
Inventory impairment loss and land option write-offs				2,166	3,087
Total expenses		462,855	512,025	870,117	954,486
Corporate general and administrative		16,169	16,144	33,833	35,279
Other interest	[1],[2]	22,663	26,088	44,936	55,219
Other operations		329	402	571	792
Loss on extinguishment of debt			(1,440)		(1,440)
Income (loss) from unconsolidated joint ventures		7,252	1,343	16,814	(3,833)
Loss before income taxes		(14,912)	(9,578)	(32,018)	(40,049)
Tax provision (benefit)		345	245	691	583
Net (loss)		$ (15,257)	$ (9,823)	$ (32,709)	$ (40,632)
Net (loss) per common share (in dollars per share)		$ (2.56)	$ (1.65)	$ (5.49)	$ (6.85)
Weighted-average number of common shares outstanding, basic (in shares)		5,962	5,937	5,960	5,929
State and Local Jurisdiction [Member]
Tax provision (benefit)		$ 345	$ 245	$ 691	$ 583
Domestic Tax Authority [Member]
Tax provision (benefit)
Homebuilding [Member]
Revenues		428,384	489,490	799,370	895,768
Cost of sales, excluding interest		355,477	393,012	660,404	722,539
Cost of sales interest		13,898	19,364	24,140	31,656
Inventory impairment loss and land option write-offs		1,462	2,673	2,166	3,087
Total cost of sales		370,837	415,049	686,710	757,282
Selling, general and administrative		44,179	45,544	86,915	88,775
Total expenses		415,016	460,593	773,625	846,057
Homebuilding [Member] | Home Building [Member]
Revenues		427,552	468,117	789,687	869,694
Homebuilding [Member] | Land Sales and Other Revenues [Member]
Revenues		832	21,373	9,683	26,074
Financial Services [Member]
Revenues		12,307	13,054	21,915	23,942
Total expenses		$ 8,678	$ 8,798	$ 17,152	$ 17,139
[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 and Six Months Ended April 30, (In thousands) 2019 2018 Other interest expensed $22,663 $26,088 $44,936 $55,219 Interest paid by our mortgage and finance subsidiaries $514 $585 $1,203 $1,186 Decrease in accrued interest $19,776 $23,448 $2,299 $3,302 Cash paid for interest, net of capitalized interest $3,401 $3,225 $43,840 $59,707
[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 $15.1 million and $19.9 million for the three months ended April 30, 2019 and 2018, respectively, and $32.7 million and $39.5 million for the six months ended April 30, 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 $7.6 million and $6.2 million for the three months ended April 30, 2019 and 2018, respectively, and $12.3 million and $15.8 million for the six months ended April 30, 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]	Noncontrolling Interest [Member]	Total
Balance (in shares) at Oct. 31, 2017	5,291,412	612,304	5,600
Balance at Oct. 31, 2017	$ 58	$ 6	$ 135,299	$ 708,002	$ (1,188,376)	$ (115,360)		$ (460,371)
Stock options, amortization and issuances (in shares)	960
Stock options, amortization and issuances				210				210
Restricted stock amortization, issuances and forfeitures (in shares)	13,291	6,573
Restricted stock amortization, issuances and forfeitures				(219)				(219)
Conversion of Class B to Class A common stock (in shares)	58	(58)
Conversion of Class B to Class A common stock
Net (loss)					(30,809)			(30,809)
Balance (in shares) at Jan. 31, 2018	5,305,721	618,819	5,600
Balance at Jan. 31, 2018	$ 58	$ 6	$ 135,299	707,993	(1,219,185)	(115,360)		(491,189)
Balance (in shares) at Oct. 31, 2017	5,291,412	612,304	5,600
Balance at Oct. 31, 2017	$ 58	$ 6	$ 135,299	708,002	(1,188,376)	(115,360)		(460,371)
Net (loss)								(40,632)
Balance (in shares) at Apr. 30, 2018	5,305,721	618,819	5,600
Balance at Apr. 30, 2018	$ 58	$ 6	$ 135,299	709,029	(1,229,008)	(115,360)		(499,976)
Balance (in shares) at Jan. 31, 2018	5,305,721	618,819	5,600
Balance at Jan. 31, 2018	$ 58	$ 6	$ 135,299	707,993	(1,219,185)	(115,360)		(491,189)
Stock options, amortization and issuances (in shares)
Stock options, amortization and issuances				92				92
Restricted stock amortization, issuances and forfeitures (in shares)
Restricted stock amortization, issuances and forfeitures				944				944
Conversion of Class B to Class A common stock (in shares)
Conversion of Class B to Class A common stock
Net (loss)					(9,823)			(9,823)
Balance (in shares) at Apr. 30, 2018	5,305,721	618,819	5,600
Balance at Apr. 30, 2018	$ 58	$ 6	$ 135,299	709,029	(1,229,008)	(115,360)		(499,976)
Balance (in shares) at Oct. 31, 2018	5,313,428	622,004	5,600
Balance at Oct. 31, 2018	$ 58	$ 6	$ 135,299	710,349	(1,183,856)	(115,360)		(453,504)
Stock options, amortization and issuances (in shares)
Stock options, amortization and issuances				107				107
Restricted stock amortization, issuances and forfeitures (in shares)	2,830	922
Restricted stock amortization, issuances and forfeitures				485				485
Conversion of Class B to Class A common stock (in shares)	20	(20)
Conversion of Class B to Class A common stock
Net (loss)					(17,452)			(17,452)
Balance (in shares) at Jan. 31, 2019	5,316,278	622,906	5,600
Balance at Jan. 31, 2019	$ 58	$ 6	$ 135,299	710,941	(1,201,308)	(115,360)		(470,364)
Balance (in shares) at Oct. 31, 2018	5,313,428	622,004	5,600
Balance at Oct. 31, 2018	$ 58	$ 6	$ 135,299	710,349	(1,183,856)	(115,360)		(453,504)
Net (loss)								(32,709)
Balance (in shares) at Apr. 30, 2019	5,316,396	622,788	5,600
Balance at Apr. 30, 2019	$ 58	$ 6	$ 135,299	711,517	(1,216,565)	(115,360)	566	(484,479)
Balance (in shares) at Jan. 31, 2019	5,316,278	622,906	5,600
Balance at Jan. 31, 2019	$ 58	$ 6	$ 135,299	710,941	(1,201,308)	(115,360)		(470,364)
Stock options, amortization and issuances (in shares)
Stock options, amortization and issuances				108				108
Restricted stock amortization, issuances and forfeitures (in shares)
Restricted stock amortization, issuances and forfeitures				468				468
Conversion of Class B to Class A common stock (in shares)	118	(118)
Conversion of Class B to Class A common stock
Net (loss)					(15,257)			(15,257)
Changes in noncontrolling interest in consolidated joint ventures							566	566
Balance (in shares) at Apr. 30, 2019	5,316,396	622,788	5,600
Balance at Apr. 30, 2019	$ 58	$ 6	$ 135,299	$ 711,517	$ (1,216,565)	$ (115,360)	$ 566	$ (484,479)

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Apr. 30, 2019	Apr. 30, 2018	Apr. 30, 2019	Apr. 30, 2018
Cash flows from operating activities:
Net (loss)	$ (15,257)	$ (9,823)	$ (32,709)	$ (40,632)
Adjustments to reconcile net (loss) to net cash used in operating activities:
Depreciation			1,938	1,509
Compensation from stock options and awards			1,191	2,075
Amortization of bond discounts, premiums and deferred financing costs			3,880	4,150
Gain on sale and retirement of property and assets			(12)	(3,592)
(Income) loss from unconsolidated joint ventures	(7,252)	(1,343)	(16,814)	3,833
Distributions of earnings from unconsolidated joint ventures			6,917
Loss on extinguishment of debt		1,440		1,440
Noncontrolling interest income in consolidated joint venture			(28)
Inventory impairment and land option write-offs			2,166	3,087
(Increase) decrease in assets:
Origination of mortgage loans			(435,012)	(456,828)
Sale of mortgage loans			474,457	501,227
Receivables, prepaids, deposits and other assets			4,712	(16,349)
Inventories			(192,059)	(20,267)
(Decrease) increase in liabilities:
State income tax payable			(1,244)	(325)
Customers’ deposits			7,867	(2,775)
Accounts payable, accrued interest and other accrued liabilities			(24,119)	(46,511)
Net cash used in operating activities			(198,869)	(69,958)
Cash flows from investing activities:
Proceeds from sale of property and assets			16	38,273
Purchase of property, equipment and other fixed assets and acquisitions			(1,956)	(3,208)
Investments in and advances to unconsolidated joint ventures			(7,727)	(18,879)
Distributions of capital from unconsolidated joint ventures			5,756	28,754
Net cash (used in) provided by investing activities			(3,911)	44,940
Cash flows from financing activities:
Proceeds from mortgages and notes			171,045	75,962
Payments related to mortgages and notes			(74,696)	(82,121)
Proceeds from model sale leaseback financing programs			14,905	746
Payments for model sale leaseback financing programs			(6,627)	(22,741)
Proceeds from land bank financing programs			61,155	3,766
Payments related to land bank financing programs			(8,765)	(19,890)
Proceeds from partner contribution to consolidated joint venture			594
Proceeds from senior unsecured term loan facility				132,500
Proceeds from senior secured notes, net of discount			21,348
Payments for senior notes and senior amortizing notes				(215,093)
Net payments related to mortgage warehouse lines of credit			(36,606)	(43,439)
Deferred financing costs from land bank financing programs and note issuances			(3,962)	(5,523)
Net cash provided by (used in) financing activities			138,391	(175,833)
Net decrease in cash and cash equivalents, and restricted cash and cash equivalents			(64,389)	(200,851)
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	168,603	292,891	168,603	292,891
Supplemental disclosure of cash flow:
Interest, net of capitalized interest (see Note 3 to the Condensed Consolidated Financial Statements)	3,401	3,225	43,840	59,707
Income taxes			1,936	909
Cash, cash equivalents, and restricted cash and cash equivalents balance, end of period	168,603	292,891	168,603	292,891
Homebuilding [Member]
Adjustments to reconcile net (loss) to net cash used in operating activities:
Inventory impairment and land option write-offs	1,462	2,673	2,166	3,087
Supplemental disclosure of cash flow:
Cash and cash equivalents	123,998	248,815	123,998	248,815
Restricted cash and cash equivalents	17,223	13,957	17,223	13,957
Financial Services [Member]
Supplemental disclosure of cash flow:
Cash and cash equivalents	5,424	4,960	5,424	4,960
Restricted cash and cash equivalents	$ 21,958	$ 25,159	$ 21,958	$ 25,159

Supplemental Disclosure of Cash

Supplemental Disclosure of Cash Flow Information	6 Months Ended
	Apr. 30, 2019
Notes to Financial Statements
Cash Flow, Supplemental Disclosures [Text Block]	See notes to condensed consolidated financial statements (unaudited). Supplemental disclosure of noncash investing activities: In the first 2018, one $13.0 Supplemental disclosure of noncash financing activities: In the second 2018, 8.0% November 1, 2019 13.5% 2026 5.0% 2040. 11

Note 1 - Basis of Presentation

Note 1 - Basis of Presentation	6 Months Ended
	Apr. 30, 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 consolidated subsidiaries after elimination of all of its significant intercompany balances and transactions. Noncontrolling interest represents the proportionate equity interest in a consolidated joint venture that is not 100% 99% 1% not 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-Q and Article 10 of Regulation S-X and accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. These Condensed Consolidated Financial Statements should be read in conjunction with the consolidated financial statements and notes thereto included in our Annual Report on Form 10-K for the fiscal year ended October 31, 2018. In the opinion of management, all adjustments for interim periods presented have been made, which include normal recurring accruals and deferrals necessary for a fair presentation of our condensed consolidated financial position, results of operations and cash flows. The preparation of Condensed Consolidated Financial Statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates, and these differences could have a significant impact on the Condensed Consolidated Financial Statements. Results for interim periods are not necessarily indicative of the results which might be expected for a full year. Reclassifications - Reverse Stock Split – As discussed in Note 14, March 2019, 1 25, March 29, 2019, 25 $0.01 one 25 $0.01 one

Note 2 - Stock Compensation

Note 2 - Stock Compensation	6 Months Ended
	Apr. 30, 2019
Notes to Financial Statements
Share-based Payment Arrangement [Text Block]	2. Stock Compensation The Company’s total stock-based compensation expense was $0.6 $1.2 three six April 30, 2019, $1.0 $2.1 three six April 30, 2018, $0.1 $0.2 three six April 30, 2019, $0.1 $0.3 three six April 30, 2018,

Note 3 - Interest

Note 3 - Interest	6 Months Ended
	Apr. 30, 2019
Notes to Financial Statements
Home Building Interest [Text Block]	3. Interest Interest costs incurred, expensed and capitalized were: Three Months Ended April 30, Six Months Ended April 30, (In thousands) 2019 2018 2019 2018 Interest capitalized at beginning of period $74,455 $70,793 $68,117 $71,051 Plus interest incurred (1) 41,383 40,014 80,236 81,179 Less cost of sales interest expensed 13,898 19,364 24,140 31,656 Less other interest expensed (2)(3) 22,663 26,088 44,936 55,219 Interest capitalized at end of period (4) $79,277 $65,355 $79,277 $65,355 ( 1 Data does not ( 2 Other interest expensed includes interest that does not not $15.1 $19.9 three April 30, 2019 2018, $32.7 $39.5 six April 30, 2019 2018, not $7.6 $6.2 three April 30, 2019 2018, $12.3 $15.8 six April 30, 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 April 30, Six Months Ended April 30, (In thousands) 2019 2018 2019 2018 Other interest expensed $22,663 $26,088 $44,936 $55,219 Interest paid by our mortgage and finance subsidiaries 514 585 1,203 1,186 (Increase) decrease in accrued interest (19,776 ) (23,448 ) (2,299 ) 3,302 Cash paid for interest, net of capitalized interest $3,401 $3,225 $43,840 $59,707 ( 4 Capitalized interest amounts are shown gross before allocating any portion of impairments, if any, to capitalized interest.

Note 4 - Reduction of Inventory

Note 4 - Reduction of Inventory to Fair Value	6 Months Ended
	Apr. 30, 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 six April 30, 2019, 18.0% 18.3%. six April 30, 2018, 16.8% 19.8%. may During the six April 30, 2019 2018, 398 377 six April 30, 2019 2018 six five $51.6 $11.2 $1.0 two $3.9 three April 30, 2019, $1.0 three $10.2 six April 30, 2019. three six April 30, 2018, $2.1 five $11.2 six April 30, 2019, three $41.3 20%. six April 30, 2018, none five 20%. The Condensed Consolidated Statements of Operations line entitled “Homebuilding: Inventory impairment loss and land option write-offs” also includes write-offs of options and approval, engineering and capitalized interest costs that we record when we redesign communities and/or abandon certain engineering costs and we do not not $0.5 $0.6 three April 30, 2019 2018, $1.2 $1.0 six April 30, 2019 2018, not three April 30, 2019 2018 680 714, 2,170 1,341 six April 30, 2019 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 April 30, 2019 October 31, 2018, 14 18 $14.2 $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, April 30, 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, April 30, 2019 October 31, 2018, $58.4 $50.5 not $52.1 $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, April 30, 2019 October 31, 2018, $96.0 $37.4 not $71.2 $19.5 not

Note 5 - Variable Interest Enti

Note 5 - Variable Interest Entities	6 Months Ended
	Apr. 30, 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 April 30, 2019 October 31, 2018, not We will continue to secure land and lots using options, some of which are with VIEs. Including deposits on our unconsolidated VIEs, at April 30, 2019, $69.2 $1.3 not

Note 6 - Warranty Costs

Note 6 - Warranty Costs	6 Months Ended
	Apr. 30, 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 six April 30, 2019 2018, $2.2 $1.9 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 six April 30, 2019 2018 Three Months Ended April 30, Six Months Ended April 30, (In thousands) 2019 2018 2019 2018 Balance, beginning of period $93,410 $129,314 $95,064 $127,702 Additions – Selling, general and administrative 1,959 2,169 4,117 4,338 Additions – Cost of sales 1,308 4,154 3,336 9,899 Charges incurred during the period (4,020 ) (19,862 ) (10,111 ) (26,164 ) Changes to pre-existing reserves 192 - 443 - Balance, end of period $92,849 $115,775 $92,849 $115,775 Warranty accruals are based upon historical experience. We engage a third not second 2018 Insurance claims paid by our insurance carriers, excluding insurance deductibles paid, for prior year deliveries were less than $0.1 three April 30, 2019 2018, $0.1 six April 30, 2019 2018.

Note 7 - Commitments and Contin

Note 7 - Commitments and Contingent Liabilities	6 Months Ended
	Apr. 30, 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 February 2019, April 2019. 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. July August 2019.

Note 8 - Cash and Cash Equivale

Note 8 - Cash and Cash Equivalents, Restricted Cash and Cash Equivalents and Customer's Deposits	6 Months Ended
	Apr. 30, 2019
Notes to Financial Statements
Cash and Cash Equivalents Disclosure [Text Block]	8. Cash and Cash Equivalents, Restricted Cash and Cash Equivalents and Customer's Deposits Cash represents cash deposited in checking accounts. Cash equivalents include certificates of deposit, Treasury bills and government money–market funds with maturities of 90 may, April 30, 2019 October 31, 2018, $121.7 $199.6 Homebuilding - Restricted cash and cash equivalents on the Condensed Consolidated Balance Sheets totaled $17.2 $12.8 April 30, 2019 October 31, 2018, 11. Financial services restricted cash and cash equivalents, which are included in Financial services other assets on the Condensed Consolidated Balance Sheets, totaled $22.0 $25.4 April 30, 2019 October 31, 2018, 1 $20.0 April 30, 2019 $23.4 October 31, 2018 2 $2.0 April 30, 2019 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	6 Months Ended
	Apr. 30, 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 April 30, 2019 October 31, 2018, $78.8 $115.2 10 may not April 30, 2019 2018, 20 45 not The activity in our loan origination reserves during the three six April 30, 2019 2018 Three Months Ended April 30, Six Months Ended April 30, (In thousands) 2019 2018 2019 2018 Loan origination reserves, beginning of period $1,264 $3,188 $2,563 $3,158 Provisions for losses during the period 37 38 78 68 Adjustments to pre-existing provisions for losses from changes in estimates (32 ) 45 (22 ) 45 Payments/Settlements - - (1,350 ) - Loan origination reserves, end of period $1,269 $3,271 $1,269 $3,271

Note 10 - Mortgages

Note 10 - Mortgages	6 Months Ended
	Apr. 30, 2019
Notes to Financial Statements
Line of Credit [Text Block]	10. Mortgages We have nonrecourse mortgage loans for certain communities totaling $190.7 $95.6 April 30, 2019 October 31, 2018, $374.9 $241.9 8.4% 6.1% April 30, 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”) is a short-term borrowing facility that provides up to $50.0 January 31, 2020. 2.48% April 30, 2019, 2.5% 2.63% April 30, 2019 October 31, 2018, $35.2 $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% April 30, 2019 October 31, 2018, $30.6 $40.2 K. Hovnanian Mortgage also has a secured Master Repurchase Agreement with Comerica Bank (“Comerica Master Repurchase Agreement”), which is a short-term borrowing facility that provides up to $50.0 December 20, 2019. 0.25%, 2.25% 3.25% April 30, 2019 October 31, 2018, $10.7 $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 April 30, 2019,

Note 11 - Senior Notes and Cred

Note 11 - Senior Notes and Credit Facilities	6 Months Ended
	Apr. 30, 2019
Notes to Financial Statements
Long-term Debt [Text Block]	11. Senior Notes and Credit Facilities Senior notes and credit facilities balances as of April 30, 2019 October 31, 2018, (In thousands) April 30, 2019(1)(2) October 31, 2018(1)(2) Senior Secured Notes: 9.5% Senior Secured Notes due November 15, 2020 $74,666 $74,561 2.0% Senior Secured Notes due November 1, 2021 (net of discount) 53,112 53,094 5.0% Senior Secured Notes due November 1, 2021 (net of discount) 136,533 135,571 10.0% Senior Secured Notes due July 15, 2022 436,066 435,461 10.5% Senior Secured Notes due July 15, 2024 (net of discount) 416,375 394,736 Total Senior Secured Notes, net of debt issuance costs $1,116,752 $1,093,423 Senior Notes: 8.0% Senior Notes due November 1, 2019 (3) $- $- 13.5% Senior Notes due February 1, 2026 (including premium) 100,687 101,162 5.0% Senior Notes due February 1, 2040 (net of discount) 43,564 43,264 Total Senior Notes, net of debt issuance costs $144,251 $144,426 Senior Unsecured Term Loan Credit Facility due February 1, 2027, net of debt issuance costs $201,459 $201,389 Senior Secured Revolving Credit Facility (4) $- $- ( 1 April 30, 2019 October 31, 2018 $37.9 $35.6 ( 2 April 30, 2019 October 31, 2018 $13.0 $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 April 30, 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 April 30, 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 April 30, 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% $0.5 three six April 30, 2018. 5.0% February 1, 2027. 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 $0.9 three six April 30, 2018. 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 April 30, 2019, 10.0% 2022 10.5% 2024 $396.1 not may 10.0% 2022 10.5% 2024 $85.7 April 30, 2019, $17.0 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 April 30, 2019, 1 $44.5 2 $133.2 not may 3 $181.0 April 30, 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 $16.2 $12.5 April 30, 2019 October 31, 2018, April 30, 2019 October 31, 2018, $17.0 $12.7

Note 12 - Per Share Calculation

Note 12 - Per Share Calculations	6 Months Ended
	Apr. 30, 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 0.1 three six April 30, 2019, 0.1 three six April 30, 2018, six April 30, 2018, 0.1 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 0.3 three six April 30, 2019, 0.2 three six April 30, 2018,

Note 13 - Preferred Stock

Note 13 - Preferred Stock	6 Months Ended
	Apr. 30, 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 six April 30, 2019 2018, not not

Note 14 - Common Stock

Note 14 - Common Stock	6 Months Ended
	Apr. 30, 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 March 19, 2019, 1 25, March 19, 2019, March 29, 2019, 25 $0.01 one 25 $0.01 one No 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, 0.2 no three six April 30, 2019. April 30, 2019, may 22

Note 15 - Income Taxes

Note 15 - Income Taxes	6 Months Ended
	Apr. 30, 2019
Notes to Financial Statements
Income Tax Disclosure [Text Block]	15. Income Taxes The total income tax expense for the three six April 30, 2019 $0.3 $0.7 $0.3 $0.6 three six April 30, 2019 three six April 30, 2018, not Our federal net operating losses of $1.6 2028 2037, $41.9 $2.5 $145.3 2019 2023; $691.2 2024 2028; $1.3 2029 2033; $316.1 2034 2038; $43.2 . Deferred federal and state income tax assets (“DTAs”) primarily represent the deferred tax benefits arising from NOL carryforwards and temporary differences between book and tax income which will be recognized in future years as an offset against future taxable income. If the combination of future years’ income (or loss) and the reversal of the timing differences results in a loss, such losses can be carried forward to future years. In accordance with ASC 740, 740 not” As of April 30, 2019 , 740 . not not $642.9 April 30, 2019, 1. Fiscal 2017 $50.2 third 2017 $42.3 three July 31, 2017. April 30, 2019, three three April 30, 2019. not three 740, one 2. In the third 2017 second third 2018, 3. Recent financial results of $48.1 fourth 2018 $8.1 October 31, 2018. ( 4. Our net contracts per community declined in the fourth 2018 fourth 2017 second 2019 second 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 sustained, stronger recovery of the housing market. (Negative Subjective Evidence)

Note 16 - Operating and Reporti

Note 16 - Operating and Reporting Segments	6 Months Ended
	Apr. 30, 2019
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	16. Operating and Reporting Segments HEI’s operating segments are components of our business for which discrete financial information is available and reviewed regularly by the chief operating decision maker, our Chief Executive Officer, to evaluate performance and make operating decisions. Based on this criteria, each of our communities qualifies as an operating segment, and therefore, it is impractical to provide segment disclosures for this many segments. As such, 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 HEI’s Homebuilding segments primarily include the sale and construction of single-family attached and detached homes, attached townhomes and condominiums, urban infill and active lifestyle homes in planned residential developments. In addition, from time to time, operations of the homebuilding segments include sales of land. Operations of HEI’s 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 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 April 30, Six Months Ended April 30, (In thousands) 2019 2018 2019 2018 Revenues: Northeast $13,059 $43,771 $33,000 $63,970 Mid-Atlantic 80,847 104,160 134,277 175,457 Midwest 42,937 42,938 87,858 83,517 Southeast 49,382 60,901 93,373 117,569 Southwest 143,850 159,147 262,049 287,452 West 97,883 78,098 187,784 163,148 Total homebuilding 427,958 489,015 798,341 891,113 Financial services 12,307 13,054 21,915 23,942 Corporate and unallocated (1) 426 475 1,029 4,655 Total revenues $440,691 $502,544 $821,285 $919,710 (Loss) income before income taxes: Northeast $125 $5,960 $6,004 $(3,741 ) Mid-Atlantic 393 6,700 386 8,652 Midwest (594 ) (1,110 ) (1,443 ) (3,454 ) Southeast (4,132 ) (5,286 ) (7,061 ) (6,947 ) Southwest 4,286 10,047 6,672 15,558 West 10,310 7,172 22,015 15,239 Homebuilding income before income taxes 10,388 23,483 26,573 25,307 Financial services 3,629 4,256 4,763 6,803 Corporate and unallocated (1) (28,929 ) (37,317 ) (63,354 ) (72,159 ) Loss before income taxes $(14,912 ) $(9,578 ) $(32,018 ) $(40,049 ) ( 1 three April 30, 2019 $16.2 $13.1 0.3 six April 30, 2019 $33.8 $30.7 1.1 three April 30, 2018 $16.2 $19.9 $1.4 0.1 six April 30, 2018 $35.3 $39.5 1.4 4.0 (In thousands) April 30, 2019 October 31, 2018 Assets: Northeast $175,326 $152,607 Mid-Atlantic 262,896 217,807 Midwest 114,024 85,398 Southeast 281,546 246,497 Southwest 359,129 320,452 West 274,723 244,886 Total homebuilding 1,467,644 1,267,647 Financial services 119,912 164,880 Corporate and unallocated 167,716 229,515 Total assets $1,755,272 $1,662,042

Note 17 - Investments in Uncons

Note 17 - Investments in Unconsolidated Homebuilding and Land Development Joint Ventures	6 Months Ended
	Apr. 30, 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) April 30, 2019 Homebuilding Land Development Total Assets: Cash and cash equivalents $92,351 $2,168 $94,519 Inventories 469,815 7,987 477,802 Other assets 26,799 - 26,799 Total assets $588,965 $10,155 $599,120 Liabilities and equity: Accounts payable and accrued liabilities $69,621 $508 $70,129 Notes payable 240,571 - 240,571 Total liabilities 310,192 508 310,700 Equity of: Hovnanian Enterprises, Inc. 124,344 4,608 128,952 Others 154,429 5,039 159,468 Total equity 278,773 9,647 288,420 Total liabilities and equity $588,965 $10,155 $599,120 Debt to capitalization ratio 46 % 0 % 45 % (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 April 30, 2019 October 31, 2018, $6.0 $4.6 $135.6 $123.7 April 30, 2019 October 31, 2018, six April 30, 2019 2018, not six April 30, 2018, one $0.7 For the Three Months Ended April 30, 2019 (In thousands) Homebuilding Land Development Total Revenues $125,739 $2,591 $128,330 Cost of sales and expenses (118,019 ) (2,146 ) (120,165 ) Joint venture net income $7,720 $445 $8,165 Our share of net income $7,083 $223 $7,306 For the Three Months Ended April 30, 2018 (In thousands) Homebuilding Land Development Total Revenues $96,931 $2,343 $99,274 Cost of sales and expenses (102,230 ) (2,123 ) (104,353 ) Joint venture net (loss) income $(5,299 ) $220 $(5,079 ) Our share of net (loss) income $1,296 $109 $1,405 For the Six Months Ended April 30, 2019 (In thousands) Homebuilding Land Development Total Revenues $221,513 $3,596 $225,109 Cost of sales and expenses (207,331 ) (3,117 ) (210,448 ) Joint venture net income $14,182 $479 $14,661 Our share of net income $16,624 $240 $16,864 For the Six Months Ended April 30, 2018 (In thousands) Homebuilding Land Development Total Revenues $155,496 $3,618 $159,114 Cost of sales and expenses (174,366 ) (3,281 ) (177,647 ) Joint venture net (loss) income $(18,870 ) $337 $(18,533 ) Our share of net (loss) income $(3,903 ) $168 $(3,735 ) “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 six April 30, 2019, $5.1 $2.9 three April 30, 2019 2018, $8.5 $4.9 six April 30, 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 45%. 810 10 not not

Note 18 - Recent Accounting Pro

Note 18 - Recent Accounting Pronouncements	6 Months Ended
	Apr. 30, 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 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	6 Months Ended
	Apr. 30, 2019
Notes to Financial Statements
Fair Value Disclosures [Text Block]	19. Fair Value of Financial Instruments ASC 820, Level 1: Fair value determined based on quoted prices in active markets for identical assets. Level 2: Fair value determined using significant other observable inputs. Level 3: Fair value determined using significant unobservable inputs. Our financial instruments measured at fair value on a recurring basis are summarized below: (In thousands) Fair Value Hierarchy Fair Value at April 30, 2019 Fair Value at October 31, 2018 Mortgage loans held for sale (1) Level 2 $91,211 $130,709 Interest rate lock commitments Level 2 17 (28 ) Forward contracts Level 2 21 13 Total $91,249 $130,694 ( 1 $88.3 $127.6 April 30, 2019 October 31, 2018, We elected the fair value option for our loans held for sale, in accordance with ASC 825, The Financial Services segment had a pipeline of loan applications in process of $544.2 April 30, 2019. $47.2 April 30, 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 April 30, 2019, $18.0 May 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 April 30, 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 $946 $(208 ) $406 Three Months Ended April 30, 2018 (In thousands) Mortgage Loans Held For Sale Interest Rate Lock Commitments Forward Contracts Fair value included in net loss all reflected in financial services revenues $127 $178 $(143 ) Six Months Ended April 30, 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 $2,942 $17 $21 Six Months Ended April 30, 2018 (In thousands) Mortgage Loans Held For Sale Interest Rate Lock Commitments Forward Contracts Fair value included in net loss all reflected in financial services revenues $2,541 $(70 ) $125 The Company's assets measured at fair value on a nonrecurring basis are those assets for which the Company has recorded valuation adjustments and write-offs during the three six April 30, 2019 2018. Nonfinancial Assets Three Months Ended April 30, 2019 (In thousands) Fair Value Hierarchy Pre-Impairment Amount Total Losses Fair Value Sold and unsold homes and lots under development Level 3 $3,906 $(968 ) $2,938 Land and land options held for future development or sale Level 3 $- $- $- Three Months Ended April 30, 2018 (In thousands) Fair Value Hierarchy Pre-Impairment Amount Total Losses Fair Value Sold and unsold homes and lots under development Level 3 $11,170 $(2,117 ) $9,053 Land and land options held for future development or sale Level 3 $- $- $- Six Months Ended April 30, 2019 (In thousands) Fair Value Hierarchy Pre-Impairment Amount Total Losses Fair Value Sold and unsold homes and lots under development Level 3 $3,906 $(968 ) $2,938 Land and land options held for future development or sale Level 3 $6,302 $(43 ) $6,259 Six Months Ended April 30, 2018 (In thousands) Fair Value Hierarchy Pre-Impairment Amount Total Losses Fair Value Sold and unsold homes and lots under development Level 3 $11,170 $(2,117 ) $9,053 Land and land options held for future development or sale Level 3 $- $- $- We record impairment losses on inventories related to communities under development and held for future development when events and circumstances indicate that they may may $1.0 three six April 30, 2019, $2.1 three six April 30, 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 April 30, 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 - - 46,978 46,978 5.0% Senior Secured Notes due November 1, 2021 - 129,780 - 129,780 10.0% Senior Secured Notes due July 15, 2022 - 387,200 - 387,200 10.5% Senior Secured Notes due July 15, 2024 - 347,438 - 347,438 Senior Notes: 13.5% Senior Notes due February 1, 2026 - 84,815 - 84,815 5.0% Senior Notes due February 1, 2040 - 35,485 - 35,485 Senior Unsecured Term Loan Credit Facility due February 1, 2027 - - 110,389 110,389 Total fair value $- $984,718 $228,617 $1,213,335 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 The Senior Secured Revolving Credit Facility is not no April 30, 2019 October 31, 2018.

Note 20 - Transactions With Rel

Note 20 - Transactions With Related Parties	6 Months Ended
	Apr. 30, 2019
Notes to Financial Statements
Related Party Transactions Disclosure [Text Block]	20. Transactions with Related Parties During the three April 30, 2019 2018, $0.3 $0.2 six April 30, 2019 2018, $0.4 $0.3

Significant Accounting Policies

Significant Accounting Policies (Policies)	6 Months Ended
	Apr. 30, 2019
Accounting Policies [Abstract]
Basis of Accounting, Policy [Policy Text Block]	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-Q and Article 10 of Regulation S-X and accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. These Condensed Consolidated Financial Statements should be read in conjunction with the consolidated financial statements and notes thereto included in our Annual Report on Form 10-K for the fiscal year ended October 31, 2018. In the opinion of management, all adjustments for interim periods presented have been made, which include normal recurring accruals and deferrals necessary for a fair presentation of our condensed consolidated financial position, results of operations and cash flows. The preparation of Condensed Consolidated Financial Statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates, and these differences could have a significant impact on the Condensed Consolidated Financial Statements. Results for interim periods are not necessarily indicative of the results which might be expected for a full year.
Reclassification, Policy [Policy Text Block]	Reclassifications - Effective October 31, 2018 we early adopted Accounting Standards Update (“ASU”) 2016-18 “Statement of Cash Flows (Topic 230): Restricted Cash” (“ASU 2016-18”). As a result, restricted cash amounts are no longer shown within the operating and investing activities as these balances are now included in the beginning and ending cash balances in our Condensed Consolidated Statements of Cash Flows. The adoption of ASU 2016-18 also resulted in the reclassification of restricted cash in operating and investing activities of $2.6 million and $12.1 million, respectively, for the six months ended April 30, 2018. These amounts are now included in the beginning and ending cash balances for the respective periods. See also the reconciliation of cash, cash equivalents and restricted cash on the Condensed Consolidated Statements of Cash Flows.

Note 3 - Interest (Tables)

Note 3 - Interest (Tables)	6 Months Ended
	Apr. 30, 2019
Notes Tables
Schedule of Real Estate Inventory, Capitalized Interest Costs [Table Text Block]	Three Months Ended April 30, Six Months Ended April 30, (In thousands) 2019 2018 2019 2018 Interest capitalized at beginning of period $74,455 $70,793 $68,117 $71,051 Plus interest incurred (1) 41,383 40,014 80,236 81,179 Less cost of sales interest expensed 13,898 19,364 24,140 31,656 Less other interest expensed (2)(3) 22,663 26,088 44,936 55,219 Interest capitalized at end of period (4) $79,277 $65,355 $79,277 $65,355
Cash Paid for Interest Net of Capitalized Interest [Table Text Block]	Three Months Ended April 30, Six Months Ended April 30, (In thousands) 2019 2018 2019 2018 Other interest expensed $22,663 $26,088 $44,936 $55,219 Interest paid by our mortgage and finance subsidiaries 514 585 1,203 1,186 (Increase) decrease in accrued interest (19,776 ) (23,448 ) (2,299 ) 3,302 Cash paid for interest, net of capitalized interest $3,401 $3,225 $43,840 $59,707

Note 6 - Warranty Costs (Tables

Note 6 - Warranty Costs (Tables)	6 Months Ended
	Apr. 30, 2019
Notes Tables
Schedule of Product Warranty Liability [Table Text Block]	Three Months Ended April 30, Six Months Ended April 30, (In thousands) 2019 2018 2019 2018 Balance, beginning of period $93,410 $129,314 $95,064 $127,702 Additions – Selling, general and administrative 1,959 2,169 4,117 4,338 Additions – Cost of sales 1,308 4,154 3,336 9,899 Charges incurred during the period (4,020 ) (19,862 ) (10,111 ) (26,164 ) Changes to pre-existing reserves 192 - 443 - Balance, end of period $92,849 $115,775 $92,849 $115,775

Note 9 - Mortgage Loans Held _2

Note 9 - Mortgage Loans Held for Sale (Tables)	6 Months Ended
	Apr. 30, 2019
Notes Tables
Financing Receivable, Allowance for Credit Loss [Table Text Block]	Three Months Ended April 30, Six Months Ended April 30, (In thousands) 2019 2018 2019 2018 Loan origination reserves, beginning of period $1,264 $3,188 $2,563 $3,158 Provisions for losses during the period 37 38 78 68 Adjustments to pre-existing provisions for losses from changes in estimates (32 ) 45 (22 ) 45 Payments/Settlements - - (1,350 ) - Loan origination reserves, end of period $1,269 $3,271 $1,269 $3,271

Note 11 - Senior Notes and Cr_2

Note 11 - Senior Notes and Credit Facilities (Tables)	6 Months Ended
	Apr. 30, 2019
Notes Tables
Schedule of Long-term Debt Instruments [Table Text Block]	(In thousands) April 30, 2019(1)(2) October 31, 2018(1)(2) Senior Secured Notes: 9.5% Senior Secured Notes due November 15, 2020 $74,666 $74,561 2.0% Senior Secured Notes due November 1, 2021 (net of discount) 53,112 53,094 5.0% Senior Secured Notes due November 1, 2021 (net of discount) 136,533 135,571 10.0% Senior Secured Notes due July 15, 2022 436,066 435,461 10.5% Senior Secured Notes due July 15, 2024 (net of discount) 416,375 394,736 Total Senior Secured Notes, net of debt issuance costs $1,116,752 $1,093,423 Senior Notes: 8.0% Senior Notes due November 1, 2019 (3) $- $- 13.5% Senior Notes due February 1, 2026 (including premium) 100,687 101,162 5.0% Senior Notes due February 1, 2040 (net of discount) 43,564 43,264 Total Senior Notes, net of debt issuance costs $144,251 $144,426 Senior Unsecured Term Loan Credit Facility due February 1, 2027, net of debt issuance costs $201,459 $201,389 Senior Secured Revolving Credit Facility (4) $- $-

Note 16 - Operating and Repor_2

Note 16 - Operating and Reporting Segments (Tables)	6 Months Ended
	Apr. 30, 2019
Notes Tables
Schedule of Segment Reporting Information, by Segment [Table Text Block]	(In thousands) April 30, 2019 October 31, 2018 Assets: Northeast $175,326 $152,607 Mid-Atlantic 262,896 217,807 Midwest 114,024 85,398 Southeast 281,546 246,497 Southwest 359,129 320,452 West 274,723 244,886 Total homebuilding 1,467,644 1,267,647 Financial services 119,912 164,880 Corporate and unallocated 167,716 229,515 Total assets $1,755,272 $1,662,042
Operating Segments [Member]
Notes Tables
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Three Months Ended April 30, Six Months Ended April 30, (In thousands) 2019 2018 2019 2018 Revenues: Northeast $13,059 $43,771 $33,000 $63,970 Mid-Atlantic 80,847 104,160 134,277 175,457 Midwest 42,937 42,938 87,858 83,517 Southeast 49,382 60,901 93,373 117,569 Southwest 143,850 159,147 262,049 287,452 West 97,883 78,098 187,784 163,148 Total homebuilding 427,958 489,015 798,341 891,113 Financial services 12,307 13,054 21,915 23,942 Corporate and unallocated (1) 426 475 1,029 4,655 Total revenues $440,691 $502,544 $821,285 $919,710 (Loss) income before income taxes: Northeast $125 $5,960 $6,004 $(3,741 ) Mid-Atlantic 393 6,700 386 8,652 Midwest (594 ) (1,110 ) (1,443 ) (3,454 ) Southeast (4,132 ) (5,286 ) (7,061 ) (6,947 ) Southwest 4,286 10,047 6,672 15,558 West 10,310 7,172 22,015 15,239 Homebuilding income before income taxes 10,388 23,483 26,573 25,307 Financial services 3,629 4,256 4,763 6,803 Corporate and unallocated (1) (28,929 ) (37,317 ) (63,354 ) (72,159 ) Loss before income taxes $(14,912 ) $(9,578 ) $(32,018 ) $(40,049 )

Note 17 - Investments in Unco_2

Note 17 - Investments in Unconsolidated Homebuilding and Land Development Joint Ventures (Tables)	6 Months Ended
	Apr. 30, 2019
Notes Tables
Equity Method Investments [Table Text Block]	(Dollars in thousands) April 30, 2019 Homebuilding Land Development Total Assets: Cash and cash equivalents $92,351 $2,168 $94,519 Inventories 469,815 7,987 477,802 Other assets 26,799 - 26,799 Total assets $588,965 $10,155 $599,120 Liabilities and equity: Accounts payable and accrued liabilities $69,621 $508 $70,129 Notes payable 240,571 - 240,571 Total liabilities 310,192 508 310,700 Equity of: Hovnanian Enterprises, Inc. 124,344 4,608 128,952 Others 154,429 5,039 159,468 Total equity 278,773 9,647 288,420 Total liabilities and equity $588,965 $10,155 $599,120 Debt to capitalization ratio 46 % 0 % 45 % (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 April 30, 2019 (In thousands) Homebuilding Land Development Total Revenues $125,739 $2,591 $128,330 Cost of sales and expenses (118,019 ) (2,146 ) (120,165 ) Joint venture net income $7,720 $445 $8,165 Our share of net income $7,083 $223 $7,306 For the Three Months Ended April 30, 2018 (In thousands) Homebuilding Land Development Total Revenues $96,931 $2,343 $99,274 Cost of sales and expenses (102,230 ) (2,123 ) (104,353 ) Joint venture net (loss) income $(5,299 ) $220 $(5,079 ) Our share of net (loss) income $1,296 $109 $1,405 For the Six Months Ended April 30, 2019 (In thousands) Homebuilding Land Development Total Revenues $221,513 $3,596 $225,109 Cost of sales and expenses (207,331 ) (3,117 ) (210,448 ) Joint venture net income $14,182 $479 $14,661 Our share of net income $16,624 $240 $16,864 For the Six Months Ended April 30, 2018 (In thousands) Homebuilding Land Development Total Revenues $155,496 $3,618 $159,114 Cost of sales and expenses (174,366 ) (3,281 ) (177,647 ) Joint venture net (loss) income $(18,870 ) $337 $(18,533 ) Our share of net (loss) income $(3,903 ) $168 $(3,735 )

Note 19 - Fair Value of Finan_2

Note 19 - Fair Value of Financial Instruments (Tables)	6 Months Ended
	Apr. 30, 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 April 30, 2019 Fair Value at October 31, 2018 Mortgage loans held for sale (1) Level 2 $91,211 $130,709 Interest rate lock commitments Level 2 17 (28 ) Forward contracts Level 2 21 13 Total $91,249 $130,694
Fair Value Option, Disclosures [Table Text Block]	Three Months Ended April 30, 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 $946 $(208 ) $406 Three Months Ended April 30, 2018 (In thousands) Mortgage Loans Held For Sale Interest Rate Lock Commitments Forward Contracts Fair value included in net loss all reflected in financial services revenues $127 $178 $(143 ) Six Months Ended April 30, 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 $2,942 $17 $21 Six Months Ended April 30, 2018 (In thousands) Mortgage Loans Held For Sale Interest Rate Lock Commitments Forward Contracts Fair value included in net loss all reflected in financial services revenues $2,541 $(70 ) $125
Fair Value Measurements, Nonrecurring [Table Text Block]	Three Months Ended April 30, 2019 (In thousands) Fair Value Hierarchy Pre-Impairment Amount Total Losses Fair Value Sold and unsold homes and lots under development Level 3 $3,906 $(968 ) $2,938 Land and land options held for future development or sale Level 3 $- $- $- Three Months Ended April 30, 2018 (In thousands) Fair Value Hierarchy Pre-Impairment Amount Total Losses Fair Value Sold and unsold homes and lots under development Level 3 $11,170 $(2,117 ) $9,053 Land and land options held for future development or sale Level 3 $- $- $- Six Months Ended April 30, 2019 (In thousands) Fair Value Hierarchy Pre-Impairment Amount Total Losses Fair Value Sold and unsold homes and lots under development Level 3 $3,906 $(968 ) $2,938 Land and land options held for future development or sale Level 3 $6,302 $(43 ) $6,259 Six Months Ended April 30, 2018 (In thousands) Fair Value Hierarchy Pre-Impairment Amount Total Losses Fair Value Sold and unsold homes and lots under development Level 3 $11,170 $(2,117 ) $9,053 Land and land options held for future development or sale Level 3 $- $- $-
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 - - 46,978 46,978 5.0% Senior Secured Notes due November 1, 2021 - 129,780 - 129,780 10.0% Senior Secured Notes due July 15, 2022 - 387,200 - 387,200 10.5% Senior Secured Notes due July 15, 2024 - 347,438 - 347,438 Senior Notes: 13.5% Senior Notes due February 1, 2026 - 84,815 - 84,815 5.0% Senior Notes due February 1, 2040 - 35,485 - 35,485 Senior Unsecured Term Loan Credit Facility due February 1, 2027 - - 110,389 110,389 Total fair value $- $984,718 $228,617 $1,213,335 (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

Supplemental Disclosure of Ca_2

Supplemental Disclosure of Cash Flow Information (Details Textual) - USD ($) $ in Millions	3 Months Ended
	Jan. 31, 2018	Apr. 30, 2019	Feb. 01, 2018
Fair Value of Assets Acquired	$ 13
8.0% Senior Notes Due 2019 [Member]
Debt Instrument, Interest Rate, Stated Percentage		8.00%	8.00%
The 13.5% Senior Notes Due 2026 [Member]
Debt Instrument, Interest Rate, Stated Percentage			13.50%
The 5.0% Senior Notes due 2040 [Member]
Debt Instrument, Interest Rate, Stated Percentage			5.00%

Note 1 - Basis of Presentation

Note 1 - Basis of Presentation (Details Textual) $ / shares in Units, $ in Thousands	Mar. 29, 2019$ / shares	Apr. 30, 2019USD ($)$ / shares	Apr. 30, 2018USD ($)	Oct. 31, 2018$ / shares
Net Cash Provided by (Used in) Operating Activities, Total		$ (198,869)	$ (69,958)
Net Cash Provided by (Used in) Investing Activities, Total		$ (3,911)	44,940
Common Class A [Member]
Common Stock, Par or Stated Value Per Share | $ / shares	$ 0.01	$ 0.01		$ 0.01
Common Class B [Member]
Common Stock, Par or Stated Value Per Share | $ / shares	$ 0.01	$ 0.01		$ 0.01
Reverse Stock Split [Member]
Stockholders' Equity Note, Stock Split, Conversion Ratio	25
Reverse Stock Split [Member] | Common Class A [Member]
Stockholders' Equity Note, Stock Split, Conversion Ratio	25
Reverse Stock Split [Member] | Common Class B [Member]
Stockholders' Equity Note, Stock Split, Conversion Ratio	25
Accounting Standards Update 2016-18 [Member] | New Accounting Pronouncement, Early Adoption, Effect [Member]
Net Cash Provided by (Used in) Operating Activities, Total			2,600
Net Cash Provided by (Used in) Investing Activities, Total			$ 12,100
Consolidated Joint Venture [Member]
Noncontrolling Interest, Ownership Percentage by Parent		99.00%
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners		1.00%

Note 2 - Stock Compensation (De

Note 2 - Stock Compensation (Details Textual) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Apr. 30, 2019	Apr. 30, 2018	Apr. 30, 2019	Apr. 30, 2018
Share-based Payment Arrangement, Expense	$ 0.6	$ 1	$ 1.2	$ 2.1
Share-based Payment Arrangement, Option [Member]
Share-based Payment Arrangement, Expense	$ 0.1	$ 0.1	$ 0.2	$ 0.3

Note 3 - Interest (Details Text

Note 3 - Interest (Details Textual) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Apr. 30, 2019	Apr. 30, 2018	Apr. 30, 2019	Apr. 30, 2018
Real Estate Inventory Expense Not Eligible for Capitalization	[1],[2]	$ 22,663	$ 26,088	$ 44,936	$ 55,219
Qualifying Assets Not Exceeding Debt [Member]
Real Estate Inventory Expense Not Eligible for Capitalization		15,100	19,900	32,700	39,500
Completed Homes, Land in Planning and Fully Developed Lots without Homes under Construction [Member]
Real Estate Inventory Expense Not Eligible for Capitalization		$ 7,600	$ 6,200	$ 12,300	$ 15,800
[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 and Six Months Ended April 30, (In thousands) 2019 2018 Other interest expensed $22,663 $26,088 $44,936 $55,219 Interest paid by our mortgage and finance subsidiaries $514 $585 $1,203 $1,186 Decrease in accrued interest $19,776 $23,448 $2,299 $3,302 Cash paid for interest, net of capitalized interest $3,401 $3,225 $43,840 $59,707
[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 $15.1 million and $19.9 million for the three months ended April 30, 2019 and 2018, respectively, and $32.7 million and $39.5 million for the six months ended April 30, 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 $7.6 million and $6.2 million for the three months ended April 30, 2019 and 2018, respectively, and $12.3 million and $15.8 million for the six months ended April 30, 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		6 Months Ended
		Apr. 30, 2019	Apr. 30, 2018	Apr. 30, 2019	Apr. 30, 2018
Interest capitalized at beginning of period		$ 74,455	$ 70,793	$ 68,117	$ 71,051
Plus interest incurred (1)	[1]	41,383	40,014	80,236	81,179
Less cost of sales interest expensed		13,898	19,364	24,140	31,656
Less other interest expensed (2)(3)	[2],[3]	22,663	26,088	44,936	55,219
Interest capitalized at end of period (4)	[4]	$ 79,277	$ 65,355	$ 79,277	$ 65,355
[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 and Six Months Ended April 30, (In thousands) 2019 2018 Other interest expensed $22,663 $26,088 $44,936 $55,219 Interest paid by our mortgage and finance subsidiaries $514 $585 $1,203 $1,186 Decrease in accrued interest $19,776 $23,448 $2,299 $3,302 Cash paid for interest, net of capitalized interest $3,401 $3,225 $43,840 $59,707
[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 $15.1 million and $19.9 million for the three months ended April 30, 2019 and 2018, respectively, and $32.7 million and $39.5 million for the six months ended April 30, 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 $7.6 million and $6.2 million for the three months ended April 30, 2019 and 2018, respectively, and $12.3 million and $15.8 million for the six months ended April 30, 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		6 Months Ended
		Apr. 30, 2019	Apr. 30, 2018	Apr. 30, 2019	Apr. 30, 2018
Other interest expensed	[1],[2]	$ 22,663	$ 26,088	$ 44,936	$ 55,219
Interest paid by our mortgage and finance subsidiaries		514	585	1,203	1,186
(Increase) decrease in accrued interest		(19,776)	(23,448)	(2,299)	3,302
Cash paid for interest, net of capitalized interest		$ 3,401	$ 3,225	$ 43,840	$ 59,707
[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 and Six Months Ended April 30, (In thousands) 2019 2018 Other interest expensed $22,663 $26,088 $44,936 $55,219 Interest paid by our mortgage and finance subsidiaries $514 $585 $1,203 $1,186 Decrease in accrued interest $19,776 $23,448 $2,299 $3,302 Cash paid for interest, net of capitalized interest $3,401 $3,225 $43,840 $59,707
[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 $15.1 million and $19.9 million for the three months ended April 30, 2019 and 2018, respectively, and $32.7 million and $39.5 million for the six months ended April 30, 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 $7.6 million and $6.2 million for the three months ended April 30, 2019 and 2018, respectively, and $12.3 million and $15.8 million for the six months ended April 30, 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		6 Months Ended
	Apr. 30, 2019USD ($)	Apr. 30, 2018USD ($)	Apr. 30, 2019USD ($)	Apr. 30, 2018USD ($)	Oct. 31, 2018USD ($)
Number of Communities Evaluated for Impairment			398	377
Number of Communities Performed Detailed Impairment Calculations			6	5
Carrying Value of Communities Tested for Impairment			$ 51,600	$ 11,200
Impairment of Real Estate	$ 1,000	$ 2,100	1,000	2,100
Homebuilding [Member]
Impairment of Real Estate	$ 1,000	$ 2,100	$ 1,000	$ 2,100
Number of Communities Impaired	2	5	3	5
PreImpairment Value	$ 3,900	$ 11,200	$ 10,200	$ 11,200
Number of Communities Tested for Impairment for Which Undiscounted Future Cash Flow Only Exceeded Carrying Amount By Less Than 20 Percent			3	0
Carrying Value of Communities Tested for Impairment for Which Undiscounted Future Cash Flow Only Exceeded Carrying Amount by Less than 20 Percent			$ 41,300
Percentage Undiscounted Cash Flow Exceeds Carrying Amount			20.00%	20.00%
Land Option Write Offs	$ 500	$ 600	$ 1,200	$ 1,000
Number of Walk Away Lots	680	714	2,170	1,341
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		14		18
Inventory Real Estate Mothballed Communities	$ 14,200		$ 14,200		$ 24,500
Inventory Real Estate Mothballed Communities Accumulated Impairment Charges	146,900		146,900		186,100
Liabilities from Inventory Real Estate Not Owned	123,348		123,348		63,387
Homebuilding [Member] | Model Sale Leaseback Financing Arrangements [Member]
Inventory Real Estate, Other Options	58,400		58,400		50,500
Liabilities from Inventory Real Estate Not Owned	52,100		52,100		43,900
Homebuilding [Member] | Land Banking Arrangement [Member]
Inventory Real Estate, Other Options	96,000		96,000		37,400
Liabilities from Inventory Real Estate Not Owned	$ 71,200		$ 71,200		$ 19,500
Minimum [Member] | Homebuilding [Member] | Measurement Input, Discount Rate [Member]
Inventory, Measurement Input			18	16.8
Maximum [Member] | Homebuilding [Member] | Measurement Input, Discount Rate [Member]
Inventory, Measurement Input			18.3	19.8

Note 5 - Variable Interest En_2

Note 5 - Variable Interest Entities (Details Textual) $ in Millions	Apr. 30, 2019USD ($)
Deposits Associated with Land and Lot Options of Unconsolidated Variable Interest Entities	$ 69.2
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		6 Months Ended
	Apr. 30, 2019	Apr. 30, 2018	Apr. 30, 2019	Apr. 30, 2018
Cash Received from Subcontractors for Owner Controlled Insurance Program			$ 2,200	$ 1,900
General Liability Insurance Deductible	$ 20,000	$ 20,000	20,000	20,000
Bodily Injury Insurance Deductible	250	250	250	250
Bodily Injury Insurance Limit	5,000	5,000	5,000	5,000
Aggregate Retention for Construction Defects Warranty and Bodily Injury Claims	20,000	20,000	20,000	20,000
Payments by Insurance Companies for Claims	$ 100	$ 100	$ 100	$ 100

Note 6 - Warranty Costs - Warra

Note 6 - Warranty Costs - Warranty and General Liability Reserve (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Apr. 30, 2019	Apr. 30, 2018	Apr. 30, 2019	Apr. 30, 2018
Balance, beginning of period	$ 93,410	$ 129,314	$ 95,064	$ 127,702
Charges incurred during the period	(4,020)	(19,862)	(10,111)	(26,164)
Changes to pre-existing reserves	192		443
Balance, end of period	92,849	115,775	92,849	115,775
Selling, General and Administrative Expenses [Member]
Additions	1,959	2,169	4,117	4,338
Cost of Sales [Member]
Additions	$ 1,308	$ 4,154	$ 3,336	$ 9,899

Note 7 - Commitments and Cont_2

Note 7 - Commitments and Contingent Liabilities (Details Textual) - USD ($) $ in Millions	May 02, 2018	Apr. 30, 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	Apr. 30, 2019	Oct. 31, 2018	Apr. 30, 2018
Cash Equivalents, at Carrying Value, Total	$ 121,700	$ 199,600
Mortgage Warehouse Lines of Credit [Member]
Restricted Cash and Cash Equivalents, Total	2,000	2,000
Homebuilding [Member]
Restricted Cash and Cash Equivalents, Total	17,223	12,808	$ 13,957
Financial Services [Member]
Restricted Cash and Cash Equivalents, Total	21,958	25,400	$ 25,159
Financial Services [Member] | Customer Deposits [Member]
Restricted Cash and Cash Equivalents, Total	$ 20,000	$ 23,400

Note 9 - Mortgage Loans Held _3

Note 9 - Mortgage Loans Held for Sale (Details Textual) $ in Millions	Apr. 30, 2019USD ($)	Oct. 31, 2018USD ($)	Apr. 30, 2018
Loans Pledged as Collateral	$ 78.8	$ 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		6 Months Ended
	Apr. 30, 2019	Apr. 30, 2018	Apr. 30, 2019	Apr. 30, 2018
Loan origination reserves, beginning of period	$ 1,264	$ 3,188	$ 2,563	$ 3,158
Provisions for losses during the period	37	38	78	68
Adjustments to pre-existing provisions for losses from changes in estimates	(32)	45	(22)	45
Payments/Settlements			(1,350)
Loan origination reserves, end of period	$ 1,269	$ 3,271	$ 1,269	$ 3,271

Note 10 - Mortgages (Details Te

Note 10 - Mortgages (Details Textual) - USD ($) $ in Thousands	6 Months Ended
	Apr. 30, 2019	Oct. 31, 2018
JP Morgan Chase Bank [Member]
Line of Credit Facility, Maximum Borrowing Capacity	$ 50,000
Warehouse Agreement Borrowings, Total	$ 35,200	$ 40,300
JP Morgan Chase Bank [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument Variable Rate Basis Adjusted London Interbank Offered Rate LIBOR	2.48%
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	$ 30,600	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	$ 190,655	95,557
Debt Instrument, Collateral Amount	$ 374,900	$ 241,900
Debt, Weighted Average Interest Rate	8.40%	6.10%
Comerica Master Repurchase Agreement [Member]
Line of Credit Facility, Maximum Borrowing Capacity	$ 50,000
Warehouse Agreement Borrowings, Total	$ 10,700	$ 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 ($)	Apr. 30, 2019USD ($)		Apr. 30, 2018USD ($)	Jul. 31, 2017USD ($)	Apr. 30, 2019USD ($)		Apr. 30, 2018USD ($)	Oct. 31, 2018USD ($)		Oct. 31, 2017	Dec. 28, 2017USD ($)	Jul. 27, 2017	Nov. 01, 2011
Interest Payable					$ 37,900				$ 37,900			$ 35,600
Debt Issuance Costs, Net, Total					$ 13,000				$ 13,000			14,100
Debt Covenant Fixed Charge Coverage Ratio Minimum					2				2
Proceeds from Secured Notes Payable									$ 21,348
Repayments of Senior Debt, Total											215,093
Gain (Loss) on Extinguishment of Debt, Total							$ (1,440)	$ (42,300)			(1,440)
Stand-alone Cash Collateralized Letter of Credit Agreements and Facilities [Member]
Letters of Credit Outstanding, Amount					16,200				16,200			12,500
Stand-alone Cash Collateralized Letter of Credit Agreements and Facilities [Member] | Restricted Cash [Member]
Debt Instrument, Collateral Amount					17,000				$ 17,000			$ 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				$ 26,000
Debt Instrument, Interest Rate, Stated Percentage			8.00%		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%	[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%	[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%			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%	[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%				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%			10.50%	[1],[2]
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%				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%
Gain (Loss) on Extinguishment of Debt, Total							(500)				(500)
The 5.0% Notes Due 2027 [Member]
Debt Instrument, Interest Rate, Stated Percentage			5.00%
The 8.0% Senior Notes Due 2019 [Member]
Gain (Loss) on Extinguishment of Debt, Total							$ (900)				$ (900)
Debt Instrument, Aggregate Principal Outstanding, Percentage			72.14%
The 8.0% Senior Notes Due 2019 [Member] | Unsecured Senior Notes Excluding Senior Amortizing Notes and Senior Exchangeable Notes [Member]
Debt Instrument, Interest Rate, Stated Percentage	[1],[2]				8.00%				8.00%			8.00%
The 13.5% Senior Notes Due 2026 [Member]
Debt Instrument, Face Amount			$ 90,600
Debt Instrument, Interest Rate, Stated Percentage			13.50%
The 13.5% Senior Notes Due 2026 [Member] | Senior Secured Notes [Member] | Debt Instrument, Redemption, Period One [Member]
Debt Instrument, Redemption Price, Percentage			100.00%
The 13.5% Senior Notes Due 2026 [Member] | Senior Secured Notes [Member] | Debt Instrument, Redemption, Period Two [Member]
Debt Instrument, Redemption Price, Percentage			100.00%
The 13.5% 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%	[1],[2]		13.50%
The 5.0% Senior Notes due 2040 [Member]
Debt Instrument, Face Amount			$ 90,100
Debt Instrument, Interest Rate, Stated Percentage			5.00%
The 5.0% Senior Notes due 2040 [Member] | Senior Secured Notes [Member] | Debt Instrument, Redemption, Period One [Member]
Debt Instrument, Redemption Price, Percentage			100.00%
The 5.0% Senior Notes due 2040 [Member] | Senior Secured Notes [Member] | Debt Instrument, Redemption, Period Two [Member]
Debt Instrument, Redemption Price, Percentage			100.00%
The 5.0% Senior Notes due 2040 [Member] | Unsecured Senior Notes Excluding Senior Amortizing Notes and Senior Exchangeable Notes [Member]
Debt Instrument, Interest Rate, Stated Percentage					5.00%	[1],[2]			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] | Real Estate [Member]
Debt Instrument, Collateral Amount					$ 396,100				$ 396,100
The 10% 2022 Notes and 10.5% 2024 Notes [Member] | Senior Secured Notes [Member] | Cash and Cash Equivalents Collateral [Member]
Debt Instrument, Collateral Amount					85,700				85,700
The 10% 2022 Notes and 10.5% 2024 Notes [Member] | Senior Secured Notes [Member] | Restricted Cash [Member]
Debt Instrument, Collateral Amount					$ 17,000				$ 17,000
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%			9.50%
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%				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					$ 133,200				$ 133,200
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					181,000				181,000
The 2021 Notes and 9.5% 2020 Notes [Member] | Senior Secured Notes [Member] | Cash and Cash Equivalents Collateral [Member]
Debt Instrument, Collateral Amount					$ 44,500				$ 44,500
[1]	"Notes payable" on our Condensed Consolidated Balance Sheets as of April 30, 2019 and October 31, 2018 consists of the total senior secured and senior notes shown above, as well as accrued interest of $37.9 million and $35.6 million, respectively.
[2]	Unamortized debt issuance costs at April 30, 2019 and October 31, 2018 were $13.0 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 ($) $ in Thousands		Apr. 30, 2019	Oct. 31, 2018
Senior Secured Notes [Member]
Senior debt	[1],[2]	$ 1,116,752	$ 1,093,423
Senior Secured Notes [Member] | The 9.50% 2020 Notes [Member]
Senior debt	[1],[2]	74,666	74,561
Senior Secured Notes [Member] | The 2.0% 2021 Notes [Member]
Senior debt	[1],[2]	53,112	53,094
Senior Secured Notes [Member] | The 5.0% 2021 Notes [Member]
Senior debt	[1],[2]	136,533	135,571
Senior Secured Notes [Member] | The 10.0% 2022 Notes [Member]
Senior debt	[1],[2]	436,066	435,461
Senior Secured Notes [Member] | The 10.5% 2024 Notes [Member]
Senior debt	[1],[2]	416,375	394,736
Unsecured Senior Notes Excluding Senior Amortizing Notes and Senior Exchangeable Notes [Member]
Senior debt	[1],[2]	144,251	144,426
Unsecured Senior Notes Excluding Senior Amortizing Notes and Senior Exchangeable Notes [Member] | The 8.0% Senior Notes Due 2019 [Member]
Senior debt	[1],[2],[3]
Unsecured Senior Notes Excluding Senior Amortizing Notes and Senior Exchangeable Notes [Member] | The 13.5% Senior Notes Due 2026 [Member]
Senior debt	[1],[2]	100,687	101,162
Unsecured Senior Notes Excluding Senior Amortizing Notes and Senior Exchangeable Notes [Member] | The 5.0% Senior Notes due 2040 [Member]
Senior debt	[1],[2]	43,564	43,264
Senior Unsecured Term Loan Credit Facility Due 2027 [Member]
Long-term Line of Credit, Total		201,459	$ 201,389
Senior Secured Revolving Credit Facility [Member]
Long-term Line of Credit, Total	[1],[2],[4]
[1]	"Notes payable" on our Condensed Consolidated Balance Sheets as of April 30, 2019 and October 31, 2018 consists of the total senior secured and senior notes shown above, as well as accrued interest of $37.9 million and $35.6 million, respectively.
[2]	Unamortized debt issuance costs at April 30, 2019 and October 31, 2018 were $13.0 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 Secured Credit Facility will terminate on December 28, 2019 and any loans thereunder on such date will 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)		6 Months Ended		12 Months Ended
		Apr. 30, 2019		Oct. 31, 2018		Jan. 15, 2019	Feb. 01, 2018	Jul. 27, 2017	Nov. 01, 2011
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 10.5% 2024 Notes [Member]
Debt Instrument, Interest Rate, Stated Percentage						10.50%
The 10.5% 2024 Notes [Member] | Senior Secured Notes [Member]
Debt Instrument, Interest Rate, Stated Percentage		10.50%		10.50%	[1],[2]
Debt Instrument, Maturity Date		Jul. 15, 2024		Jul. 15, 2024	[1],[2]
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
The 13.5% Senior Notes Due 2026 [Member]
Debt Instrument, Interest Rate, Stated Percentage							13.50%
The 13.5% 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
The 5.0% Senior Notes due 2040 [Member]
Debt Instrument, Interest Rate, Stated Percentage							5.00%
The 5.0% Senior Notes due 2040 [Member] | Unsecured Senior Notes Excluding Senior Amortizing Notes and Senior Exchangeable Notes [Member]
Debt Instrument, Interest Rate, Stated Percentage		5.00%	[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 April 30, 2019 and October 31, 2018 consists of the total senior secured and senior notes shown above, as well as accrued interest of $37.9 million and $35.6 million, respectively.
[2]	Unamortized debt issuance costs at April 30, 2019 and October 31, 2018 were $13.0 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		6 Months Ended
	Apr. 30, 2019	Apr. 30, 2018	Apr. 30, 2019	Apr. 30, 2018
Non Vested Stock and Outstanding Options [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	0.1	0.1	0.1	0.1
Convertible Debt Securities [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount				0.1
Out of the Money Stock Options [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	0.3	0.2	0.3	0.2

Note 13 - Preferred Stock (Deta

Note 13 - Preferred Stock (Details Textual) - USD ($) $ / shares in Units, $ in Thousands	Jul. 12, 2005	Apr. 30, 2019	Apr. 30, 2018	Apr. 30, 2019	Apr. 30, 2018	Oct. 31, 2018
Preferred Stock, Shares Issued, Total		5,600		5,600		5,600
Preferred Class A [Member]
Preferred Stock, Shares Issued, Total	5,600
Preferred Stock, Dividend Rate, Percentage	7.625%
Preferred Stock, Liquidation Preference Per Share	$ 25,000
Preferred Stock, Depositary Shares, Number of Shares of Preferred Stock in Each Depositary Share	0.001
Payments of Dividends, Total		$ 0	$ 0	$ 0	$ 0

Note 14 - Common Stock (Details

Note 14 - Common Stock (Details Textual) shares in Thousands	Mar. 29, 2019$ / sharesshares	Apr. 30, 2019$ / sharesshares	Apr. 30, 2019$ / sharesshares	Oct. 31, 2018$ / shares	Dec. 05, 2008	Aug. 15, 2008	Aug. 04, 2008	Jul. 03, 2001shares
Common Stock Dividends Percent of Increase from Class A to Class B		110.00%	110.00%
Conversion of Stock From Class B to Class A Conversion Ratio			1
Shareholder Ownership Percentage of Increase							50.00%
Minimum [Member]
Shareholder Ownership Percentage							5.00%
Reverse Stock Split [Member]
Stockholders' Equity Note, Stock Split, Conversion Ratio	25
Number of Fractional Shares Issued	0
Common Class A [Member]
Common Stock Voting Rights Votes per Share Number			1
Common Stock, Par or Stated Value Per Share | $ / shares	$ 0.01	$ 0.01	$ 0.01	$ 0.01
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								200
Stock Repurchased During Period, Shares		0	0
Stock Repurchase Program, Remaining Number of Shares Authorized to be Repurchased		22	22
Common Class A [Member] | Reverse Stock Split [Member]
Stockholders' Equity Note, Stock Split, Conversion Ratio	25
Common Class B [Member]
Common Stock Voting Rights Votes per Share Number			10
Common Stock, Par or Stated Value Per Share | $ / shares	$ 0.01	$ 0.01	$ 0.01	$ 0.01
Common Class B [Member] | Reverse Stock Split [Member]
Stockholders' Equity Note, Stock Split, Conversion Ratio	25

Note 15 - Income Taxes (Details

Note 15 - Income Taxes (Details Textual) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended		12 Months Ended
	Apr. 30, 2019	Oct. 31, 2018	Apr. 30, 2018	Jul. 31, 2017	Apr. 30, 2019	Apr. 30, 2018	Oct. 31, 2018
Income Tax Expense (Benefit), Total	$ 345		$ 245		$ 691	$ 583
Deferred Tax Assets, Valuation Allowance, Total	642,900				642,900
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest, Total	(14,912)	$ 48,100	(9,578)	$ (50,200)	(32,018)	(40,049)	$ 8,100
Gain (Loss) on Extinguishment of Debt, Total			(1,440)	$ (42,300)		(1,440)
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				1,600,000
Domestic Tax Authority [Member] | Indefinite Tax Period [Member]
Operating Loss Carryforwards, Total	41,900				41,900
State and Local Jurisdiction [Member]
Income Tax Expense (Benefit), Total	345		$ 245		691	$ 583
State and Local Jurisdiction [Member] | Indefinite Tax Period [Member]
Operating Loss Carryforwards, Total	43,200				43,200
State and Local Jurisdiction [Member] | Between 2019 and 2038 [Member]
Operating Loss Carryforwards, Total	2,500,000				2,500,000
State and Local Jurisdiction [Member] | Between 2019 and 2023 [Member]
Operating Loss Carryforwards, Total	145,300				145,300
State and Local Jurisdiction [Member] | Between 2024 and 2028 [Member]
Operating Loss Carryforwards, Total	691,200				691,200
State and Local Jurisdiction [Member] | Between 2029 and 2033 [Member]
Operating Loss Carryforwards, Total	1,300,000				1,300,000
State and Local Jurisdiction [Member] | Between 2034 and 2038 [Member]
Operating Loss Carryforwards, Total	$ 316,100				$ 316,100

Note 16 - Operating and Repor_3

Note 16 - Operating and Reporting Segments (Details Textual) $ in Thousands		3 Months Ended				6 Months Ended
		Apr. 30, 2019USD ($)	Jan. 31, 2019	Apr. 30, 2018USD ($)	Jul. 31, 2017USD ($)	Apr. 30, 2019USD ($)	Apr. 30, 2018USD ($)
Real Estate Inventory Expense Not Eligible for Capitalization	[1],[2]	$ 22,663		$ 26,088		$ 44,936	$ 55,219
Gain (Loss) on Extinguishment of Debt, Total				(1,440)	$ (42,300)		(1,440)
Qualifying Assets Not Exceeding Debt [Member]
Real Estate Inventory Expense Not Eligible for Capitalization		15,100		19,900		32,700	39,500
Corporate, Non-Segment [Member]
General and Administrative Expense, Total		16,200		16,200		33,800	35,300
Other Nonoperating Income (Expense), Total		300		100		1,100	4,000
Gain (Loss) on Extinguishment of Debt, Total				1,400			1,400
Corporate, Non-Segment [Member] | Qualifying Assets Not Exceeding Debt [Member]
Real Estate Inventory Expense Not Eligible for Capitalization		$ 13,100		$ 19,900		$ 30,700	$ 39,500
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 and Six Months Ended April 30, (In thousands) 2019 2018 Other interest expensed $22,663 $26,088 $44,936 $55,219 Interest paid by our mortgage and finance subsidiaries $514 $585 $1,203 $1,186 Decrease in accrued interest $19,776 $23,448 $2,299 $3,302 Cash paid for interest, net of capitalized interest $3,401 $3,225 $43,840 $59,707
[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 $15.1 million and $19.9 million for the three months ended April 30, 2019 and 2018, respectively, and $32.7 million and $39.5 million for the six months ended April 30, 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 $7.6 million and $6.2 million for the three months ended April 30, 2019 and 2018, respectively, and $12.3 million and $15.8 million for the six months ended April 30, 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				6 Months Ended		12 Months Ended
		Apr. 30, 2019	Oct. 31, 2018	Apr. 30, 2018	Jul. 31, 2017	Apr. 30, 2019	Apr. 30, 2018	Oct. 31, 2018
Revenues, Total		$ 440,691		$ 502,544		$ 821,285	$ 919,710
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest, Total		(14,912)	$ 48,100	(9,578)	$ (50,200)	(32,018)	(40,049)	$ 8,100
Corporate, Non-Segment [Member]
Revenues, Total	[1]	426		475		1,029	4,655
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest, Total	[1]	(28,929)		(37,317)		(63,354)	(72,159)
Homebuilding [Member]
Revenues, Total		428,384		489,490		799,370	895,768
Homebuilding [Member] | Operating Segments [Member]
Revenues, Total		427,958		489,015		798,341	891,113
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest, Total		10,388		23,483		26,573	25,307
Homebuilding [Member] | Northeast [Member] | Operating Segments [Member]
Revenues, Total		13,059		43,771		33,000	63,970
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest, Total		125		5,960		6,004	(3,741)
Homebuilding [Member] | Mid-Atlantic [Member] | Operating Segments [Member]
Revenues, Total		80,847		104,160		134,277	175,457
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest, Total		393		6,700		386	8,652
Homebuilding [Member] | Midwest [Member] | Operating Segments [Member]
Revenues, Total		42,937		42,938		87,858	83,517
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest, Total		(594)		(1,110)		(1,443)	(3,454)
Homebuilding [Member] | Southeast [Member] | Operating Segments [Member]
Revenues, Total		49,382		60,901		93,373	117,569
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest, Total		(4,132)		(5,286)		(7,061)	(6,947)
Homebuilding [Member] | Southwest [Member] | Operating Segments [Member]
Revenues, Total		143,850		159,147		262,049	287,452
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest, Total		4,286		10,047		6,672	15,558
Homebuilding [Member] | West [Member] | Operating Segments [Member]
Revenues, Total		97,883		78,098		187,784	163,148
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest, Total		10,310		7,172		22,015	15,239
Financial Services [Member]
Revenues, Total		12,307		13,054		21,915	23,942
Financial Services [Member] | Operating Segments [Member]
Revenues, Total		12,307		13,054		21,915	23,942
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest, Total		$ 3,629		$ 4,256		$ 4,763	$ 6,803
[1]	Corporate and unallocated for the three months ended April 30, 2019 included corporate general and administrative costs of $16.2 million, interest expense of $13.1 million (a component of Other interest on our Condensed Consolidated Statements of Operations), $(0.3) million of other income and expenses primarily related to interest income and stock compensation. Corporate and unallocated for the six months ended April 30, 2019 included corporate general and administrative costs of $33.8 million, interest expense of $30.7 million (a component of Other interest on our Condensed Consolidated Statements of Operations), and $(1.1) million of other income and expenses. Corporate and unallocated for the three months ended April 30, 2018 included corporate general and administrative costs of $16.2 million, interest expense of $19.9 million (a component of Other interest on our Condensed Consolidated Statements of Operations), loss on extinguishment of debt of $1.4 million and $(0.1) million of other income and expenses primarily related to interest income and gain on sale of corporate headquarters building. Corporate and unallocated for the six months ended April 30, 2018 included corporate general and administrative costs of $35.3 million, interest expense of $39.5 million (a component of Other interest on our Condensed Consolidated Statements of Operations), loss on extinguishment of debt of $ 1.4 million and $(4.0) million of other income and expenses primarily related to interest income and gain on sale of our corporate headquarters building.

Note 16 - Operating and Repor_5

Note 16 - Operating and Reporting Segments - Financial Information Relating to Segment Financial Position (Details) - USD ($) $ in Thousands	Apr. 30, 2019	Oct. 31, 2018
Assets	$ 1,755,272	$ 1,662,042
Corporate, Non-Segment [Member]
Assets	167,716	229,515
Homebuilding [Member]
Assets	1,635,360	1,497,162
Homebuilding [Member] | Operating Segments [Member]
Assets	1,467,644	1,267,647
Homebuilding [Member] | Northeast [Member] | Operating Segments [Member]
Assets	175,326	152,607
Homebuilding [Member] | Mid-Atlantic [Member] | Operating Segments [Member]
Assets	262,896	217,807
Homebuilding [Member] | Midwest [Member] | Operating Segments [Member]
Assets	114,024	85,398
Homebuilding [Member] | Southeast [Member] | Operating Segments [Member]
Assets	281,546	246,497
Homebuilding [Member] | Southwest [Member] | Operating Segments [Member]
Assets	359,129	320,452
Homebuilding [Member] | West [Member] | Operating Segments [Member]
Assets	274,723	244,886
Financial Services [Member]
Assets	119,912	164,880
Financial Services [Member] | Operating Segments [Member]
Assets	$ 119,912	$ 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			6 Months Ended
	Apr. 30, 2019	Apr. 30, 2018	Jan. 31, 2018	Apr. 30, 2019	Apr. 30, 2018	Oct. 31, 2018
Fair Value of Assets Acquired			$ 13,000
Revenues, Total	$ 440,691	$ 502,544		$ 821,285	$ 919,710
Joint Venture Total Debt to Capitalization Ratio		45.00%			45.00%
Joint Ventures in Northeast [Member]
Joint Venture Impairment Charge					$ 700
Homebuilding [Member]
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures, Total	135,562			135,562		$ 123,694
Revenues, Total	428,384	$ 489,490		799,370	895,768
Homebuilding [Member] | Management Fees [Member]
Revenues, Total	5,100	$ 2,900		8,500	$ 4,900
Corporate Joint Venture [Member]
Advances to Affiliate	$ 6,000			$ 6,000		$ 4,600
Joint Venture Total Debt to Capitalization Ratio	45.00%			45.00%		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		6 Months Ended
	Apr. 30, 2019	Apr. 30, 2018	Apr. 30, 2019	Apr. 30, 2018	Oct. 31, 2018
Debt to capitalization ratio		45.00%		45.00%
Our share of net income (loss)	$ 7,252	$ 1,343	$ 16,814	$ (3,833)
Corporate Joint Venture [Member]
Cash and cash equivalents	94,519		94,519		$ 52,285
Inventories	477,802		477,802		514,654
Other assets	26,799		26,799		35,105
Total assets	599,120		599,120		602,044
Accounts payable and accrued liabilities	70,129		70,129		79,854
Notes payable	240,571		240,571		236,665
Total liabilities	310,700		310,700		316,519
Hovnanian Enterprises, Inc.	128,952		128,952		119,319
Others	159,468		159,468		166,206
Total equity	288,420		288,420		285,525
Total liabilities and equity	$ 599,120		$ 599,120		$ 602,044
Debt to capitalization ratio	45.00%		45.00%		45.00%
Revenues	$ 128,330	99,274	$ 225,109	159,114
Cost of sales and expenses	(120,165)	(104,353)	(210,448)	(177,647)
Joint venture net income (loss)	8,165	(5,079)	14,661	(18,533)
Our share of net income (loss)	7,306	1,405	16,864	(3,735)
Homebuilding Joint Venture [Member] | Corporate Joint Venture [Member]
Cash and cash equivalents	92,351		92,351		$ 50,010
Inventories	469,815		469,815		506,650
Other assets	26,799		26,799		35,105
Total assets	588,965		588,965		591,765
Accounts payable and accrued liabilities	69,621		69,621		79,108
Notes payable	240,571		240,571		236,665
Total liabilities	310,192		310,192		315,773
Hovnanian Enterprises, Inc.	124,344		124,344		114,950
Others	154,429		154,429		161,042
Total equity	278,773		278,773		275,992
Total liabilities and equity	$ 588,965		$ 588,965		$ 591,765
Debt to capitalization ratio	46.00%		46.00%		46.00%
Revenues	$ 125,739	96,931	$ 221,513	155,496
Cost of sales and expenses	(118,019)	(102,230)	(207,331)	(174,366)
Joint venture net income (loss)	7,720	(5,299)	14,182	(18,870)
Our share of net income (loss)	7,083	1,296	16,624	(3,903)
Land Development Joint Venture [Member] | Corporate Joint Venture [Member]
Cash and cash equivalents	2,168		2,168		$ 2,275
Inventories	7,987		7,987		8,004
Other assets
Total assets	10,155		10,155		10,279
Accounts payable and accrued liabilities	508		508		746
Notes payable
Total liabilities	508		508		746
Hovnanian Enterprises, Inc.	4,608		4,608		4,369
Others	5,039		5,039		5,164
Total equity	9,647		9,647		9,533
Total liabilities and equity	$ 10,155		$ 10,155		$ 10,279
Debt to capitalization ratio	0.00%		0.00%		0.00%
Revenues	$ 2,591	2,343	$ 3,596	3,618
Cost of sales and expenses	(2,146)	(2,123)	(3,117)	(3,281)
Joint venture net income (loss)	445	220	479	337
Our share of net income (loss)	$ 223	$ 109	$ 240	$ 168

Note 19 - Fair Value of Finan_3

Note 19 - Fair Value of Financial Instruments (Details Textual) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Apr. 30, 2019	Apr. 30, 2018	Apr. 30, 2019	Apr. 30, 2018	Oct. 31, 2018
Loans Held for Sale Mortgages Unpaid Principal	$ 88,300		$ 88,300		$ 127,600
Other Commitment, Total	18,000		18,000
Impairment of Real Estate	1,000	$ 2,100	1,000	$ 2,100
Senior Secured Revolving Credit Facility [Member]
Long-term Line of Credit, Total	0		0		$ 0
Loan Origination Commitments [Member]
Loan Applications in Process	544,200		$ 544,200
Loan Origination Commitments [Member] | Maximum [Member]
Number of Days in Committment			60 days
Interest Rate Committed Loan Applications [Member]
Interest Rate Committed Loan Applications	$ 47,200		$ 47,200

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		Apr. 30, 2019	Oct. 31, 2018
Total		$ 91,249	$ 130,694
Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member]
Mortgage loans held for sale	[1]	91,211	130,709
Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | Interest Rate Lock Commitments [Member]
Derivative Fair Value		17	(28)
Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | Forward Contracts [Member]
Derivative Fair Value		$ 21	$ 13
[1]	The aggregate unpaid principal balance was $88.3 million and $127.6 million at April 30, 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		6 Months Ended
	Apr. 30, 2019	Apr. 30, 2018	Apr. 30, 2019	Apr. 30, 2018
Loans Held for Sale [Member]
Fair value included in net loss all reflected in financial services revenues	$ 946	$ 127	$ 2,942	$ 2,541
Interest Rate Lock Commitments [Member]
Fair value included in net loss all reflected in financial services revenues	(208)	178	17	(70)
Forward Contracts [Member]
Fair value included in net loss all reflected in financial services revenues	$ 406	$ (143)	$ 21	$ 125

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		6 Months Ended
	Apr. 30, 2019	Apr. 30, 2018	Apr. 30, 2019	Apr. 30, 2018
Total Losses	$ (1,000)	$ (2,100)	$ (1,000)	$ (2,100)
Sold and Unsold Homes and Lots Under Development [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Nonrecurring [Member]
Pre-Impairment Amount	3,906	11,170	3,906	11,170
Total Losses	(968)	(2,117)	(968)	(2,117)
Fair Value of Inventory	2,938	9,053	2,938	9,053
Land and Land Options Held for Future Development or Sale [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, 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	Apr. 30, 2019	Oct. 31, 2018
Notes, Fair Value	$ 1,213,335	$ 1,268,959
Fair Value, Inputs, Level 1 [Member]
Notes, Fair Value
Fair Value, Inputs, Level 2 [Member]
Notes, Fair Value	984,718	1,039,947
Fair Value, Inputs, Level 3 [Member]
Notes, Fair Value	228,617	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	46,978	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	46,978	40,434
Senior Secured Notes [Member] | The 5.0% 2021 Notes [Member]
Notes, Fair Value	129,780	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	129,780	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	387,200	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	387,200	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	347,438	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	347,438	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	84,815	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	84,815	88,148
Senior Notes [Member] | The 13.5% 2026 Notes [Member] | Fair Value, Inputs, Level 3 [Member]
Notes, Fair Value
Senior Notes [Member] | The 5.0% 2040 Notes [Member]
Notes, Fair Value	35,485	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	35,485	35,628
Senior Notes [Member] | The 5.0% 2040 Notes [Member] | Fair Value, Inputs, Level 3 [Member]
Notes, Fair Value
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)		6 Months Ended		12 Months Ended
		Apr. 30, 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%	[1],[2]
Debt Instrument, Maturity Date		Jul. 15, 2024		Jul. 15, 2024	[1],[2]
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%		13.50%
Debt Instrument, Maturity Date		Feb. 1, 2026		Feb. 1, 2026
The 5.0% 2040 Notes [Member] | Senior Notes [Member]
Debt Instrument, Stated Interest Rate		5.00%		5.00%
Debt Instrument, Maturity Date		Feb. 1, 2040		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 April 30, 2019 and October 31, 2018 consists of the total senior secured and senior notes shown above, as well as accrued interest of $37.9 million and $35.6 million, respectively.
[2]	Unamortized debt issuance costs at April 30, 2019 and October 31, 2018 were $13.0 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		6 Months Ended
	Apr. 30, 2019	Apr. 30, 2018	Apr. 30, 2019	Apr. 30, 2018
Tavit Najarian [Member]
Related Party Transaction, Amounts of Transaction	$ 0.3	$ 0.2	$ 0.4	$ 0.3