Hovnanian Enterprises (HOV) 10-K 18 Dec 23 2023 FY Annual report Financial data

Document And Entity Information

Document And Entity Information - USD ($)	12 Months Ended
	Oct. 31, 2023	Dec. 12, 2023	Apr. 30, 2022
Document Information [Line Items]
Entity Central Index Key	0000357294
Entity Registrant Name	HOVNANIAN ENTERPRISES INC
Amendment Flag	false
Current Fiscal Year End Date	--10-31
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2023
Document Type	10-K
Document Annual Report	true
Document Period End Date	Oct. 31, 2023
Document Transition Report	false
Entity File Number	1-8551
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	22-1851059
Entity Address, Address Line One	90 Matawan Road, Fifth Floor
Entity Address, City or Town	Matawan
Entity Address, State or Province	NJ
Entity Address, Postal Zip Code	07747
City Area Code	732
Local Phone Number	747-7800
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Document Financial Statement Error Correction [Flag]	false
Entity Shell Company	false
Entity Public Float			$ 358,031,038
Auditor Firm ID	34
Auditor Name	DELOITTE & TOUCHE LLP
Auditor Location	New York, New York
Common Class B [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		749,081
Common Class A [Member]
Document Information [Line Items]
Title of 12(b) Security	Class A Common Stock $0.01 par value per share
Trading Symbol	HOV
Security Exchange Name	NYSE
Entity Common Stock, Shares Outstanding		5,345,992
Depository Shares [Member]
Document Information [Line Items]
Title of 12(b) Security	Depositary Shares each representing 1/1,000th of a share of 7.625% Series A Preferred Stock
Trading Symbol	HOVNP
Security Exchange Name	NASDAQ
Preferred Stock Purchase Rights [Member]
Document Information [Line Items]
Title of 12(b) Security	Preferred Stock Purchase Rights(1)
Trading Symbol	N/A
Security Exchange Name	NYSE

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Oct. 31, 2023	Oct. 31, 2022
ASSETS
Investments in and advances to unconsolidated joint ventures	$ 97,886	$ 74,940
Property and equipment, net	33,946	25,819
Assets	2,492,940	2,562,030
Assets	2,492,940	2,562,030
Deferred tax assets, net	302,833	344,793
LIABILITIES AND EQUITY
Senior notes and credit facilities (net of discounts, premiums and debt issuance costs)	1,051,491	1,146,547
Liabilities	1,911,151	2,178,979
Liabilities	1,911,151	2,178,979
Income taxes payable	1,861	3,167
Preferred stock, $0.01 par value - authorized 100,000 shares; issued and outstanding 5,600 shares with a liquidation preference of $140,000 at October 31, 2023 and October 31, 2022	135,299	135,299
Paid in capital - common stock	735,946	727,663
Accumulated deficit	(157,197)	(352,413)
Treasury stock - at cost – 901,379 shares of Class A common stock at October 31, 2023 and 782,901 shares at October 31, 2022; 27,669 shares of Class B common stock at October 31, 2023 and October 31, 2022	(132,382)	(127,582)
Total Hovnanian Enterprises, Inc. stockholders’ equity	581,736	383,036
Noncontrolling interest in consolidated joint ventures	53	15
Total equity	581,789	383,051
Total liabilities and equity	2,492,940	2,562,030
Common Class A [Member]
LIABILITIES AND EQUITY
Common Stock	62	62
Common Class B [Member]
LIABILITIES AND EQUITY
Common Stock	8	7
Homebuilding [Member]
ASSETS
Cash and cash equivalents	434,119	326,198
Restricted cash and cash equivalents	8,431	13,382
Sold and unsold homes and lots under development	998,841	1,058,183
Land and land options held for future development or sale	125,587	152,406
Consolidated inventory not owned	224,758	308,595
Total inventories	1,349,186	1,519,184
Investments in and advances to unconsolidated joint ventures	97,886	74,940
Receivables, deposits and notes, net	27,982	37,837
Prepaid expenses and other assets	69,886	63,884
Assets	2,021,436	2,061,244
Assets	2,021,436	2,061,244
LIABILITIES AND EQUITY
Accounts payable and other liabilities	415,480	439,952
Customers’ deposits	51,419	74,020
Liabilities from inventory not owned, net of debt issuance costs	124,254	202,492
Senior notes and credit facilities (net of discounts, premiums and debt issuance costs)	1,051,491	1,146,547
Accrued interest	26,926	32,415
Liabilities	1,761,109	2,040,231
Liabilities	1,761,109	2,040,231
Homebuilding [Member] | Nonrecourse Mortgages Secured By Inventory [Member] | Mortgages [Member]
LIABILITIES AND EQUITY
Nonrecourse mortgages, net of debt issuance costs	91,539	144,805
Financial Services [Member]
ASSETS
Cash and cash equivalents	4,519	6,468
Restricted cash and cash equivalents	30,450	36,142
Assets	168,671	155,993
Assets	168,671	155,993
LIABILITIES AND EQUITY
Liabilities	148,181	135,581
Liabilities	$ 148,181	$ 135,581

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - USD ($) $ in Millions	Oct. 31, 2023	Oct. 31, 2022
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	100,000	100,000
Preferred stock, shares issued (in shares)	5,600	5,600
Preferred stock, shares outstanding (in shares)	5,600	5,600
Preferred stock, liquidation preference	$ 140	$ 140
Common Class A [Member]
Common stock, shares authorized (in shares)	16,000,000	16,000,000
Common stock, shares issued (in shares)	6,247,308	6,159,886
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares held in Treasury (in shares)	901,379	782,901
Common Class B [Member]
Common stock, shares authorized (in shares)	2,400,000	2,400,000
Common stock, shares issued (in shares)	776,750	733,374
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares held in Treasury (in shares)	27,669	27,669

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands		12 Months Ended
		Oct. 31, 2023	Oct. 31, 2022	Oct. 31, 2021
Revenues		$ 2,756,016	$ 2,922,231	$ 2,782,857
Total expenses		2,517,587	2,624,716	2,598,097
Corporate general and administrative		103,196	102,618	106,694
Other interest	[1],[2]	54,082	47,343	77,716
Other (income) expenses, net (1)	[3]	(17,148)	2,421	1,740
Loss on extinguishment of debt, net		(25,638)	(6,795)	(3,748)
Income from unconsolidated joint ventures		43,160	29,033	8,849
Income before income taxes		255,951	319,753	189,861
Tax provision (benefit)		50,060	94,263	(417,956)
Net income		205,891	225,490	607,817
Less: preferred stock dividends		10,675	10,675	0
Net income available to common stockholders		$ 195,216	$ 214,815	$ 607,817
Basic earnings per share (in dollars per share)		$ 28.76	$ 30.31	$ 87.5
Weighted-average number of common shares outstanding basic (in shares)		6,230	6,437	6,287
Net income per common share (in dollars per share)		$ 26.88	$ 29	$ 85.86
Weighted-average number of common shares outstanding (in shares)		6,666	6,728	6,395
State and Local Jurisdiction [Member]
Tax provision (benefit)		$ 3,239	$ 34,199	$ (82,348)
Domestic Tax Authority [Member]
Tax provision (benefit)		46,821	60,064	(335,608)
Homebuilding [Member]
Revenues		2,695,928	2,860,691	2,701,165
Cost of sales, excluding interest		2,052,800	2,137,063	2,110,196
Cost of sales interest		80,820	85,240	84,100
Inventory impairments and land option write-offs		1,536	14,076	3,630
Total cost of sales		2,135,156	2,236,379	2,197,926
Selling, general and administrative		201,578	193,536	169,892
Total expenses		2,336,734	2,429,915	2,367,818
Homebuilding [Member] | Sale of Homes [Member]
Revenues		2,630,457	2,840,454	2,673,710
Homebuilding [Member] | Land Sales and Other Revenues [Member]
Revenues		65,471	20,237	27,455
Financial Services [Member]
Revenues		60,088	61,540	81,692
Total expenses		$ 40,723	$ 42,419	$ 44,129
[1]Cash paid for interest, net of capitalized interest, is the sum of other interest expensed, as defined above, and interest paid by our mortgage and finance subsidiaries adjusted for the change in accrued interest on notes payable, which is calculated as follows:[2]Other interest expensed includes interest that does not qualify for interest capitalization because our assets that qualify for interest capitalization (inventory under development) do not exceed our debt, which amounted to $2.6 million and $5.0 million for the three months ended July 31, 2023 and 2022, respectively, and $14.5 million and $25.5 million for the nine months ended July 31, 2023 and 2022, respectively. Other interest also includes interest on completed homes, land in planning and fully developed lots without homes under construction, which does not qualify for capitalization and therefore is expensed as incurred. This component of other interest was $10.9 million and $4.6 million for the three months ended July 31, 2023 and 2022, respectively, and $28.6 million and $9.9 million for the nine months ended July 31, 2023 and 2022, respectively.[3]Includes gain on consolidation of a joint venture of $19.1 million for the year ended October 31, 2023 (see Note 20).

Consolidated Statements of Op_2

Consolidated Statements of Operations (Parentheticals) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Jul. 31, 2023	Oct. 31, 2023	Oct. 31, 2022	Oct. 31, 2021
Gain on consolidation	$ 19,100	$ 19,102	$ 0	$ 0

Consolidated Statements of Chan

Consolidated Statements of Changes in Equity (Deficit) - USD ($) $ in Thousands	Common Stock Outstanding [Member] Common Class A [Member]	Common Stock Outstanding [Member] Common Class B [Member]	Preferred Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Treasury Stock, Common [Member]	Noncontrolling Interest [Member]	Total
Balance (in shares) at Oct. 31, 2020	5,519,880	622,217	5,600
Balance at Oct. 31, 2020	$ 60	$ 7	$ 135,299	$ 718,110	$ (1,175,045)	$ (115,360)	$ 835	$ (436,094)
Stock options, amortization and issuances (in shares)	42,204	5,368
Stock options, amortization and issuances				(41)				(41)
Restricted stock amortization, issuances and forfeitures (in shares)	33,564	31,708
Restricted stock amortization, issuances and forfeitures				4,049				4,050
Conversion of Class B to Class A common stock (in shares)	86	(86)
Conversion of Class B to Class A common stock								0
Changes in noncontrolling interest in consolidated joint ventures							(348)	(348)
Net income					607,817			$ 607,817
Share repurchases (in shares)								0
Balance (in shares) at Oct. 31, 2021	5,595,734	659,207	5,600
Balance at Oct. 31, 2021	$ 61	$ 7	$ 135,299	722,118	(567,228)	(115,360)	487	$ 175,384
Stock options, amortization and issuances (in shares)	2,316
Stock options, amortization and issuances				120				120
Restricted stock amortization, issuances and forfeitures (in shares)	91,263	46,641
Restricted stock amortization, issuances and forfeitures				5,425				5,426
Conversion of Class B to Class A common stock (in shares)	143	(143)
Conversion of Class B to Class A common stock								0
Changes in noncontrolling interest in consolidated joint ventures							(472)	(472)
Net income					225,490			225,490
Preferred dividend declared ($476.56 per share)					(10,675)			$ (10,675)
Share repurchases (in shares)	(312,471)							(312,471)
Share repurchases						(12,222)		$ (12,222)
Balance (in shares) at Oct. 31, 2022	5,376,985	705,705	5,600
Balance at Oct. 31, 2022	$ 62	$ 7	$ 135,299	727,663	(352,413)	(127,582)	15	383,051
Stock options, amortization and issuances (in shares)	3,563
Stock options, amortization and issuances				92				92
Restricted stock amortization, issuances and forfeitures (in shares)	83,660	43,575
Restricted stock amortization, issuances and forfeitures		$ 1		8,191				8,192
Conversion of Class B to Class A common stock (in shares)	199	(199)
Conversion of Class B to Class A common stock								0
Changes in noncontrolling interest in consolidated joint ventures							38	38
Net income					205,891			205,891
Preferred dividend declared ($476.56 per share)					(10,675)			$ (10,675)
Share repurchases (in shares)	(118,478)							(118,478)
Share repurchases						(4,800)		$ (4,800)
Balance (in shares) at Oct. 31, 2023	5,345,929	749,081	5,600
Balance at Oct. 31, 2023	$ 62	$ 8	$ 135,299	$ 735,946	$ (157,197)	$ (132,382)	$ 53	$ 581,789

Consolidated Statements of Ch_2

Consolidated Statements of Changes in Equity (Deficit) (Parentheticals) - $ / shares	12 Months Ended
	Oct. 31, 2023	Oct. 31, 2022
Dividend per share (in dollars per share)	$ 476.56	$ 476.56

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Oct. 31, 2023	Oct. 31, 2022	Oct. 31, 2021
Cash flows from operating activities:
Net income	$ 205,891	$ 225,490	$ 607,817
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	8,798	5,457	5,280
Stock-based compensation	14,227	10,276	7,668
Amortization of debt discounts, premiums and deferred financing costs	1,645	376	242
(Gain) loss on sale of property and assets	(1,106)	(34)	92
Gain on consolidation of joint venture	(19,102)	0	0
Income from unconsolidated joint ventures	(43,160)	(29,033)	(8,849)
Distributions of earnings from unconsolidated joint ventures	18,650	3,990	9,709
Loss on extinguishment of debt	25,638	6,795	3,748
Noncontrolling interest in consolidated joint ventures	38	270	430
Decrease (increase) in assets:
Inventories	278,672	(279,000)	(35,514)
Receivables, deposits and notes	11,296	(2,632)	(3,016)
Origination of mortgage loans	(1,216,923)	(1,205,604)	(1,490,099)
Sale of mortgage loans	1,197,988	1,245,408	1,443,355
Deferred tax assets	41,960	80,885	(425,678)
(Decrease) increase in liabilities:
Accounts payable, accrued interest and other liabilities	(59,554)	7,705	71,370
Increase (Decrease) in Contract with Customer, Liability	(29,913)	5,725	20,009
State income tax payable	(1,306)	(684)	19
Net cash provided by operating activities	435,275	89,466	210,213
Cash flows from investing activities:
Proceeds from sale of property and assets	1,961	63	32
Purchase of property, equipment, and other fixed assets	(18,821)	(12,592)	(5,942)
Investment in and advances to unconsolidated joint ventures, net of reimbursements	(77,822)	35	(16,550)
Distributions of capital from unconsolidated joint ventures	16,447	10,342	31,456
Net cash (used in) provided by investing activities	(78,235)	(2,152)	8,996
Cash flows from financing activities:
Proceeds from mortgages and notes	324,849	438,883	252,930
Payments related to mortgages and notes	(382,933)	(418,383)	(262,609)
Proceeds from model sale leaseback financing programs	12,412	35,030	7,606
Payments related to model sale leaseback financing programs	(21,875)	(14,857)	(23,677)
Proceeds from land bank financing programs	53,115	189,952	35,282
Payments related to land bank financing programs	(123,109)	(68,746)	(88,458)
Proceeds from partner distributions to consolidated joint venture	0	40	40
Payments for partner distributions to consolidated joint venture	0	(782)	(818)
Net borrowings from senior secured notes	640,925	0	0
Payments related to senior secured notes	(752,182)	(103,875)	(182,726)
Preferred dividends paid	(10,675)	(10,675)	0
Treasury stock purchases	(4,800)	(12,222)	0
Deferred financing costs from note issuances and land banking financing programs	(13,870)	(10,267)	(2,587)
Net cash used in financing activities	(261,711)	(16,520)	(217,273)
Net increase in cash and cash equivalents, and restricted cash and cash equivalents	95,329	70,794	1,936
Cash and cash equivalents, and restricted cash and cash equivalents balance, beginning of period	382,190	311,396	309,460
Cash and cash equivalents, and restricted cash and cash equivalents balance, end of period	477,519	382,190	311,396
Supplemental disclosures of cash flows:
Interest, net of capitalized interest (see Note 3 to the Consolidated Financial Statements)	62,576	44,872	87,227
Income taxes	9,407	14,062	7,669
Cash and cash equivalents, and restricted cash and cash equivalents balance, end of period	477,519	382,190	311,396
Homebuilding [Member]
Adjustments to reconcile net income to net cash provided by operating activities:
Inventory impairments and land option write-offs	1,536	14,076	3,630
Supplemental disclosures of cash flows:
Cash and cash equivalents	434,119	326,198	245,970
Restricted cash and cash equivalents	8,431	13,382	16,089
Financial Services [Member]
Cash flows from financing activities:
Net proceeds (payments) related to mortgage warehouse lines of credit	16,432	(40,618)	47,744
Supplemental disclosures of cash flows:
Cash and cash equivalents	4,519	6,468	5,819
Restricted cash and cash equivalents	$ 30,450	$ 36,142	$ 43,518

Supplemental Disclosure of Non-

Supplemental Disclosure of Non-cash Operating and Investing Activities	12 Months Ended
	Oct. 31, 2023
Notes to Financial Statements
Cash Flow, Supplemental Disclosures [Text Block]	Supplemental disclosure of noncash investing and financing activities: In the second 2023, one In the third 2023, one In the third fourth 2021,

Note 1 - Basis of Presentation

Note 1 - Basis of Presentation	12 Months Ended
	Oct. 31, 2023
Notes to Financial Statements
Basis of Presentation and Significant Accounting Policies [Text Block]	1. The accompanying Consolidated Financial Statements have been prepared in accordance with generally accepted accounting principles in the United States of America (“U.S. GAAP”) and include Hovnanian Enterprises, Inc.’s (“HEI”) accounts and those of all its consolidated subsidiaries, after elimination of all intercompany balances and transactions. HEI’s fiscal year ends on October 31. not 100%

Note 2 - Business

Note 2 - Business	12 Months Ended
	Oct. 31, 2023
Notes to Financial Statements
Nature of Operations [Text Block]	2. 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). Our operations consist of homebuilding, financial services and corporate. Our homebuilding operations are made up of three reportable segments defined as Northeast, Southeast and West. Homebuilding operations comprise the substantial part of our business, representing approximately 98% of consolidated revenues for both the years ended October 31, 2023 2022, October 31, 2021. October 31, 2023 first first second not See Note 10

Note 3 - Summary of Significant

Note 3 - Summary of Significant Accounting Policies	12 Months Ended
	Oct. 31, 2023
Notes to Financial Statements
Significant Accounting Policies [Text Block]	3. Use of Estimates Income Recognition from Home and Land Sales 12 606, no 606. Income Recognition from Mortgage Loans - We elected the fair value option for our mortgage loans held for sale in accordance with ASC 825, not Substantially all of the mortgage loans originated are sold within a short period of time in the secondary mortgage market on a servicing released, nonrecourse basis, although the Company remains liable for certain limited representations, such as fraud, and warranties related to loan sales. Mortgage investors could seek to have us buy back loans or compensate them for losses incurred on mortgages we have sold based on claims that we breached our limited representations and warranties. We have established reserves for probable losses. Cash and Cash Equivalents 90 may, October 31, 2023 2022 Fair Value of Financial Instruments not third Inventories We record inventories on our Consolidated Balance Sheets at cost unless the inventory is determined to be impaired, in which case the inventory is written down to its fair value. Our inventories consist of the following components: ( 1 2 3 not 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, October 31, 2023 2022 not not We have land banking arrangements, whereby we sell our land parcels to a land banker 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, October 31, 2023 2022 not not The recoverability of inventories and other long-lived assets is assessed in accordance with ASC 360, 360 We evaluate inventories of communities under development and held for future development for impairment when indicators of potential impairment are present. Indicators of impairment include, but are not The projected operating profits, losses or cash flows of each community can be significantly impacted by our estimates of the following: ● future base selling prices; ● future home sales incentives; ● future home construction and land development costs; and ● future sales absorption pace and cancellation rates. These estimates are dependent upon specific market conditions for each community. While we consider available information to determine what we believe to be our best estimates as of the end of each quarter, these estimates are subject to change in future reporting periods as facts and circumstances change. Local market-specific conditions that may ● the intensity of competition within a market, including available home sales prices and home sales incentives offered by our competitors; ● the current sales absorption pace for both our communities and competitor communities; ● community-specific attributes, such as location, availability of lots in the market, desirability and uniqueness of our community, and the size and style of homes currently being offered; ● potential for alternative product offerings to respond to local market conditions; ● changes by management in the sales strategy of the community; ● current local market economic and demographic conditions and related trends and forecasts; and ● existing home inventory supplies, including foreclosures and short sales. These and other local market-specific conditions that may may may may may may one not may not If the undiscounted cash flows are more than the carrying value of the community, then the carrying amount is recoverable, and no third may From time to time, we write off deposits, approval, engineering and capitalized interest costs when we determine that it is no not not not Warranty Costs and Construction Defect Reserves 2023 2022 2023 2022 2023 2022 not third third not not Interest not Interest costs incurred, expensed and capitalized were as follows: Year Ended October 31, October 31, October 31, (In thousands) 2023 2022 2021 Interest capitalized at beginning of year $ 59,600 $ 58,159 $ 65,010 Plus interest incurred(1) 136,535 134,024 155,514 Less cost of sales interest expensed (80,820 ) (85,240 ) (84,100 ) Less other interest expensed(2) (54,082 ) (47,343 ) (77,716 ) Less interest contributed to unconsolidated joint ventures(3) (9,456 ) - (3,667 ) Plus interest acquired from unconsolidated joint ventures(4) 283 - 3,118 Interest capitalized at end of year(5) $ 52,060 $ 59,600 $ 58,159 ( 1 Does not ( 2 Other interest expensed includes interest that does not not October 31, 2023, 2022 2021 not October 31, 2023, 2022 2021 ( 3 Represents capitalized interest which was included as part of the assets contributed to joint ventures, as discussed in Note 20. no ( 4 Represents capitalized interest which was included as part of the assets purchased from joint ventures, as discussed in Note 20. no ( 5 Capitalized interest amounts are shown gross before allocating any portion of impairments, if any, to capitalized interest. Land Options - not In accordance with ASC 810, not not Unconsolidated Homebuilding and Land Development Joint Ventures - third not not In accordance with ASC 323, no Debt Issuance Costs - Debt Issued at a Discount /Premium - Advertising Costs October 31, 2023, 2022 2021 Deferred Income Taxes - 740, not” In evaluating the exposures associated with our various tax filing positions, we recognize tax liabilities for more-likely-than- not may may Prepaid Expenses - Allowance for Credit Losses October 31, 2023 2022 2023 2022, 2023 2022 2023 2022. Property and Equipment Stock-Based Compensation - 718, Per Share Calculations - All shares that contain non-forfeitable rights to dividends or dividend equivalents that participate in undistributed earnings with common stock are considered participating securities and are included in earnings per share pursuant to the two two Recent Accounting Pronouncements March 2020, 2020 04, 2020 04” 2020 04 March 12, 2020, may December 2022, 2022 06, 848 848”, 848 December 31, 2022 December 31, 2024. not In August 2023, 2023 05, 2023 05” 2023 05 January 1, 2025. not In November 2023, 2023 07, 2023 07” 2023 07 December 15, 2023, December 31, 2024. not

Note 4 - Leases

Note 4 - Leases	12 Months Ended
	Oct. 31, 2023
Notes to Financial Statements
Lessee, Operating Leases [Text Block]	4. Leases We rent certain office space for use in our operations. We assess each of these contracts to determine whether the arrangement contains a lease as defined by ASC 842. 842, three five 842, 842, not Our lease population at October 31, 2023 842, not 12 Lease costs are included in our Consolidated Statements of Operations, primarily in "Selling, general and administrative" homebuilding expenses and payments on our lease liabilities are presented in the table below. Year Ended October 31, (In thousands) 2023 2022 2021 Operating lease costs $ 11,059 $ 10,483 $ 10,521 Cash payments on lease liabilities $ 9,293 $ 9,605 $ 9,598 ROU assets are classified within "Prepaid expenses and other assets" on our Consolidated Balance Sheets, while lease liabilities are classified within "Accounts payable and other liabilities." We recorded a net increase to both ROU assets and lease liabilities of $19.8 million as a result of new leases and lease renewals that commenced during the year ended October 31, 2023 (In thousands) 2023 2022 ROU assets $ 25,745 $ 17,899 Lease liabilities $ 26,470 $ 18,862 Weighted-average remaining lease term (in years) 5.1 3.5 Weighted-average discount rate 10.0 % 9.5 % Maturities of our operating lease liabilities as of October 31, 2023 Fiscal Year Ending October 31, (In thousands) 2024 $ 8,491 2025 8,028 2026 6,538 2027 4,317 2028 1,784 Thereafter 4,871 Total operating lease payments (1) 34,029 Less: imputed interest (7,559 ) Present value of operating lease liabilities $ 26,470 ( 1 not October 31, 2023. not October 31, 2023.

Note 5 - Property, Plant and Eq

Note 5 - Property, Plant and Equipment	12 Months Ended
	Oct. 31, 2023
Notes to Financial Statements
Property, Plant and Equipment Disclosure [Text Block]	5. Homebuilding property and equipment consists of land and land improvements, buildings, building improvements, furniture and equipment used to conduct day-to-day business and are recorded at cost less accumulated depreciation. Property and equipment balances as of October 31, 2023 2022 October 31, (In thousands) 2023 2022 Land and land improvements $ 1,563 $ 1,639 Buildings 7,828 9,497 Building improvements 16,061 22,220 Furniture 2,793 4,363 Equipment 10,124 10,739 Capitalized software 50,630 29,263 Property and equipment 88,999 77,721 Less: accumulated depreciation (55,053 ) (51,902 ) Property and equipment, net $ 33,946 $ 25,819

Note 6 - Restricted Cash and Cu

Note 6 - Restricted Cash and Customers' Deposits	12 Months Ended
	Oct. 31, 2023
Notes to Financial Statements
Cash and Cash Equivalents Disclosure [Text Block]	6. Homebuilding "Restricted cash and cash equivalents" on the Consolidated Balance Sheets totaled $8.4 million and $13.4 million as of October 31, 2023 2022 9 Financial services restricted cash and cash equivalents, which are included in "Financial services" assets on the Consolidated Balance Sheets, totaled $30.5 million and $36.1 million as of October 31, 2023 2022 1 October 31, 2023 2022, 2 October 31, 2023 2022, Homebuilding "Customers’ deposits" are shown as a liability on the Consolidated Balance Sheets. These liabilities are significantly more than the applicable periods’ restricted cash balances because in some states the deposits are not

Note 7 - Mortgage Loans Held fo

Note 7 - Mortgage Loans Held for Sale	12 Months Ended
	Oct. 31, 2023
Notes to Financial Statements
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]	7. Our wholly owned mortgage banking subsidiary, K. Hovnanian American Mortgage, LLC (“K. Hovnanian Mortgage”) originates mortgage loans, primarily from the sale of our homes. Such mortgage loans 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. Loans held for sale are recorded at fair value with the changes in the value recognized in the Consolidated Statements of Operations in “Financial services” revenue. We currently use forward sales of MBS, interest rate commitments from borrowers and mandatory and/or best-efforts forward commitments to sell loans to third not At October 31, 2023 2022 8 may not October 31, 2023 2022 not The activity in our loan origination reserves in fiscal 2023 2022 Year Ended October 31, (In thousands) 2023 2022 Loan origination reserves, beginning of period $ 1,795 $ 1,632 Provisions for losses during the period 187 181 Adjustments to pre-existing provisions for losses from changes in estimates 31 (18 ) Loan origination reserves, end of period $ 2,013 $ 1,795

Note 8 - Mortgages

Note 8 - Mortgages	12 Months Ended
	Oct. 31, 2023
Notes to Financial Statements
Line of Credit [Text Block]	8. Nonrecourse We have nonrecourse mortgage loans for certain communities totaling $91.5 million and $144.8 million, net of debt issuance costs, at October 31, 2023 2022 October 31, 2023 2022 Mortgage Loans K. Hovnanian Mortgage originates mortgage loans primarily from the sale of our homes. Such mortgage loans and related servicing rights are generally sold in the secondary mortgage market within a short period of time. K. Hovnanian Mortgage finances the origination of mortgage loans through various master repurchase agreements, which are recorded in "Financial services" liabilities on the 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 $75.0 million through its maturity on July 31, 2024. October 31, 2023 2022 K. Hovnanian Mortgage has another secured Master Repurchase Agreement with Customers Bank (“Customers Master Repurchase Agreement”) which is a short-term borrowing facility that provides up to $50.0 million through its maturity on March 6, 2024. October 31, 2023 2022 K. Hovnanian Mortgage also has a secured Master Repurchase Agreement with Comerica Bank (“Comerica Master Repurchase Agreement”) which is a short-term borrowing facility through its maturity on January 10, 2024. 15th 30 October 31, 2023 2022 The Chase Master Repurchase Agreement, Customers Master Repurchase Agreement and Comerica Master Repurchase Agreement (together, the “Master Repurchase Agreements”) require K. Hovnanian Mortgage to satisfy and maintain specified financial ratios and other financial condition tests. Because of the extremely short period of time mortgages are held by K. Hovnanian Mortgage before the mortgages are sold to investors (generally a period of a few weeks), the immateriality to us on a consolidated basis, 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 October 31, 2023

Note 9 - Senior Notes and Credi

Note 9 - Senior Notes and Credit Facilities	12 Months Ended
	Oct. 31, 2023
Notes to Financial Statements
Long-Term Debt [Text Block]	9. Senior secured notes, senior notes and credit facilities balances as of October 31, 2023 October 31, 2022 October 31, October 31, (In thousands) 2023 2022 Senior Secured Notes: 10.0 November 15, 2025 $ 113,502 $ 158,502 7.75 February 15, 2026 - 250,000 10.5 February 15, 2026 - 282,322 11.25 February 15, 2026 - 162,269 8.0 September 30, 2028 225,000 - 11.75 September 30, 2029 430,000 - Total Senior Secured Notes $ 768,502 $ 853,093 Senior Notes: 8.0 November 1, 2027 $ - $ - 13.5 February 1, 2026 90,590 90,590 5.0 February 1, 2040 90,120 90,120 Total Senior Notes $ 180,710 $ 180,710 Senior Unsecured Term Loan Credit Facility due February 1, 2027 $ 39,551 $ 39,551 Senior Secured 1.75 Lien Term Loan Credit Facility due January 31, 2028 $ 81,498 $ 81,498 Senior Secured Revolving Credit Facility (3) $ - $ - Subtotal senior notes and credit facilities $ 1,070,261 $ 1,154,852 Net (discounts) premiums $ (14,563 ) $ 4,079 Unamortized debt issuance costs $ (4,207 ) $ (12,384 ) Total senior notes and credit facilities, net of discounts, premiums and unamortized debt issuance costs $ 1,051,491 $ 1,146,547 ( 1 November 15, 2023, 1.75 November 15, 2025. ( 2 October 31, 2022, 2027 8.0% 2027 ) were owned by a wholly owned consolidated subsidiary of HEI. Therefore, in accordance with U.S. GAAP, such notes were not October 31, 2023, 2027 . ( 3 At October 31, 2023 , provides for up to $125.0 million in aggregate amount of senior secured first June 30, 2026 s option, at either (i) a term secured overnight financing rate (subject to a floor of 3.00%) plus an applicable margin of 4.50% or (ii) an alternate base rate (subject to a floor of 4.00%) plus an applicable margin of 3.50%. In addition, K. Hovnanian will pay an unused commitment fee on the undrawn revolving commitments at a rate of 1.00% per annum . As of October 31, 2023 Fiscal Year Ending October 31, (1) 2024 $ - 2025 - 2026 (2) 204,092 2027 39,551 2028 306,498 Thereafter 520,120 Total $ 1,070,261 ( 1 not October 31, 2023 ( 2 November 15, 2023, 1.75 November 15, 2025 . General Except for K. Hovnanian, the issuer of the notes and borrower under the Credit Facilities (as defined below), our home mortgage subsidiaries, certain of our title insurance subsidiaries, joint ventures and subsidiaries holding interests in our joint ventures, we and each of our subsidiaries are guarantors of the Credit Facilities, the senior secured notes and senior notes outstanding at October 31, 2023 ( The credit agreements governing the term loans and revolving credit facilities (collectively, the “Credit Facilities”) and the indentures governing the senior secured and senior notes (together, the “Debt Instruments”) outstanding at October 31, 2023 not February 1, 2027 ( 1.75 January 31, 2028 ( June 30, 2026 ( not October 31, 2023, If our consolidated fixed charge coverage ratio is less than 2.0 to 1.0, 1.0 October 31, 2021, 1.0 1.0, no first 2022. not not no no Under the terms of our Debt Instruments, we have the right to make certain redemptions and prepayments and, depending on market conditions, our strategic priorities and covenant restrictions, may may Fiscal 2023 On May 30, 2023, 1.125 2026 1.125 October 31, 2023, On August 29, 2023, 1.125 October 31, 2023, On September 7, 2023, 1.75 2025 “1.75 October 31, 2023, On September 25, 2023, October 31, 2019 ( November 27, 2019, August 19, 2022), first June 30, 2024 June 30, 2026, ( October 5, 2023. On October 5, 2023, 1.125 2028 1.125 1.25 2029 1.25 1.125 1.25 1.25 1.25 may, 1.25 not 1.25 1.25 not On October 5, 2023, 1.125 1.25 1.125 1.25 2026 1.25 1.5 2026 “1.5 October 31, 2023, On October 31, 2023, 2027 Fiscal 2022 On April 29, 2022, 1.125 October 31, 2022, Secured Obligations The Secured Credit Agreement provides for up to $125.0 million in aggregate amount of Secured Revolving Loans to be used for general corporate purposes, upon the terms and subject to the conditions set forth therein. Secured Revolving Loans are to be borrowed by K. Hovnanian and guaranteed by the Notes Guarantors. The revolving loans under the Secured Credit Agreement have a maturity of June 30, 2026 The New 1.125 September 30, 2028 March 30 September 30 March 15 September 15, may 1.125 September 30, 2025 may 1.125 September 30, 2025, September 30, 2026 September 30, 2027. may 1.125 September 30, 2025 The New 1.25 September 30, 2029 March 30 September 30 March 15 September 15, may 1.25 March 30, 2026 may 1.25 March 30, 2026, September 30, 2027 September 30, 2028. may 1.25 March 30, 2026 The 1.75 November 15, 2025 May 15 November 15 May 1 November 1, may November 15, 2023, may 1.75 November 15, 2023, may 1.75 November 15, 2023, 1.75 November 15, 2025. On December 10, 2019, January 31, 2028, November 15, 2023, may November 15, 2023, may Each series of secured notes and the guarantees thereof, the Secured Term Loans and the guarantees thereof and the Secured Credit Agreement and the guarantees thereof are secured by the same assets. Among the secured debt, the liens securing the Secured Credit Agreement are senior to the liens securing all of K. Hovnanian’s other secured notes and the Secured Term Loan. The liens securing the New 1.125 1.25 1.75 1.125 1.25 1.75 1.25 1.75 1.75 As of October 31, 2023, 1 2 not may 3 Unsecured Obligations The 13.5% Senior Notes due 2026 “13.5% 2026 13.5% February 1, 2026. 13.5% 2026 February 1 August 1 January 15 July 15, may 13.5% 2026 February 1, 2025 February 1, 2025, may 13.5% 2026 The 5.0% Senior Notes due 2040 “5.0% 2040 5.0% February 1, 2040. 5.0% 2040 February 1 August 1 January 15 July 15, may may 2040 The Unsecured Term Loans bear interest at a rate equal to 5.0% February 1, 2027 . Other We have certain stand-alone cash collateralized letter of credit agreements and facilities under which there was a total of $4.9 million and $6.0 million letters of credit outstanding at October 31, 2023 October 31, 2022, October 31, 2023 October 31, 2022,

Note 10 - Operating and Reporti

Note 10 - Operating and Reporting Segments	12 Months Ended
	Oct. 31, 2023
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	10. HEI’s operating segments are components of the Company’s business for which discrete financial information is available and reviewed regularly by the chief operating decision maker, our Chief Executive Officer, to evaluate performance and make resource allocations. We currently have homebuilding operations in 13 states that are aggregated into reportable segments based primarily upon geographic proximity. HEI’s reportable segments consist of the following three homebuilding segments and a financial services segment. Homebuilding: ( 1 Northeast (Delaware, Maryland, New Jersey, Ohio, Pennsylvania, Virginia and West Virginia) ( 2 Southeast (Florida, Georgia and South Carolina) ( 3 West (Arizona, California and Texas) Operations of the homebuilding segments primarily include the sale and construction of single-family attached and detached homes, attached townhomes and condominiums, urban infill and active lifestyle homes in planned residential developments. In addition, from time to time, operations of the homebuilding segments include sales of land. Operations of the financial services segment include mortgage banking and title services provided to the homebuilding operations’ customers. Our financial services subsidiaries do not Corporate and unallocated primarily represents operations at our headquarters in New Jersey. This includes our executive offices, information services, human resources, corporate accounting, training, treasury, process redesign, internal audit, construction services, 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 income (loss) before income taxes. Income (loss) before income taxes for the homebuilding segments consist of revenues generated from the sales of homes and land, income (loss) from unconsolidated entities, management fees and other income, less the cost of homes and land sold, selling, general and administrative expenses and interest expense. Income (loss) before income taxes for the financial services segment consist of revenues generated from mortgage financing, title insurance and closing services, less the cost of such services and corporate general and administrative expenses. Operational results of each segment are not Financial information relating to our reportable segments are as follows: Year Ended October 31, (In thousands) 2023 2022 2021 Revenues: Northeast $ 968,851 $ 1,085,081 $ 871,091 Southeast 420,296 323,961 285,658 West 1,295,992 1,450,632 1,544,397 Total homebuilding 2,685,139 2,859,674 2,701,146 Financial services 60,088 61,540 81,692 Corporate and unallocated 10,789 1,017 19 Total revenues $ 2,756,016 $ 2,922,231 $ 2,782,857 Income before income taxes: Northeast $ 178,516 $ 177,406 $ 102,896 Southeast 77,750 60,178 17,764 West 114,084 207,519 198,343 Total homebuilding 370,350 445,103 319,003 Financial services 19,365 19,121 37,563 Corporate and unallocated (1) (133,764 ) (144,471 ) (166,705 ) Income before income taxes $ 255,951 $ 319,753 $ 189,861 ( 1 October 31, 2023 October 31, 2022 October 31, 2021 October 31, (In thousands) 2023 2022 Assets: Northeast $ 483,784 $ 530,884 Southeast 286,701 330,894 West 733,318 802,704 Total homebuilding 1,503,803 1,664,482 Financial services 168,671 155,993 Corporate and unallocated 820,466 741,555 Total assets $ 2,492,940 $ 2,562,030 October 31, (In thousands) 2023 2022 Investments in and advances to unconsolidated joint ventures: Northeast $ 56,758 $ 20,241 Southeast 35,262 52,651 West 4,503 174 Total homebuilding 96,523 73,066 Corporate and unallocated 1,363 1,874 Total investments in and advances to unconsolidated joint ventures $ 97,886 $ 74,940 Year Ended October 31, (In thousands) 2023 2022 2021 Homebuilding interest expense: Northeast $ 32,071 $ 31,552 $ 30,212 Southeast 20,055 17,403 19,490 West 65,068 55,056 55,029 Total homebuilding 117,194 104,011 104,731 Corporate and unallocated 17,707 28,572 57,085 Financial services interest expense (income) (1) 1 (213 ) (35 ) Total interest expense, net $ 134,902 $ 132,370 $ 161,781 ( 1 Financial services interest expense (income) is included in Financial services revenue or expense in the Consolidated Statements of Operations. Year Ended October 31, (In thousands) 2023 2022 2021 Depreciation: Northeast $ 4,352 $ 1,542 $ 1,459 Southeast 444 291 214 West 1,325 1,298 1,811 Total homebuilding 6,121 3,131 3,484 Financial services - 5 13 Corporate and unallocated 2,677 2,321 1,783 Total depreciation $ 8,798 $ 5,457 $ 5,280 Year Ended October 31, (In thousands) 2023 2022 2021 Net additions to property and equipment: Northeast $ 1,678 $ 1,848 $ 1,271 Southeast 263 229 256 West 1,599 1,841 1,174 Total homebuilding 3,540 3,918 2,701 Financial services 1,040 28 - Corporate and unallocated 14,241 8,646 3,241 Total net additions to property and equipment $ 18,821 $ 12,592 $ 5,942 Year Ended October 31, (In thousands) 2023 2022 2021 Equity in earnings from unconsolidated joint ventures: Northeast $ 27,253 $ 12,674 $ 2,958 Southeast 15,696 16,359 2,061 West 211 - 3,830 Total equity in earnings from unconsolidated joint ventures $ 43,160 $ 29,033 $ 8,849

Note 11 - Income Taxes

Note 11 - Income Taxes	12 Months Ended
	Oct. 31, 2023
Notes to Financial Statements
Income Tax Disclosure [Text Block]	11. Income taxes (receivable) payable, including deferred benefits, consists of the following: October 31, (In thousands) 2023 2022 State income taxes: Current $ 1,861 $ 3,167 Deferred (74,110 ) (69,248 ) Federal income taxes: Current - - Deferred (228,723 ) (275,545 ) Total $ (300,972 ) $ (341,626 ) The (benefit) provision for income taxes is composed of the following: Year Ended October 31, (In thousands) 2023 2022 2021 Current income tax expense: Federal (1) $ - $ - $ - State (2) 8,101 13,377 7,722 Total current income tax expense: 8,101 13,377 7,722 Federal 46,821 60,064 (335,608 ) State (4,862 ) 20,822 (90,070 ) Total deferred income tax expense (benefit): 41,959 80,886 (425,678 ) Total $ 50,060 $ 94,263 $ (417,956 ) ( 1 The current federal income tax expense is net of the use of federal net operating losses totaling $221.2 million (tax effected $46.4 million), $306.0 million (tax effected $64.3 million) and $173.8 million (tax effected $36.5 million) for the years ended October 31, 2023, 2022 2021 , respectively. ( 2 The current state income tax expense is net of the use of state net operating losses totaling $113.3 million (tax effected $8.3 million), $80.1 million (tax effected $5.8 million) and $55.7 million (tax effected $3.9 million) for the years ended October 31, 2023, 2022 2021 The total income tax expense of $50.1 million and $94.3 million for the years ended October 31, 2023 2022, 2023 not October 31, 2021 We have remaining federal NOL carryforwards of $688.3 million that expire between 2030 2038, 2024 2028; 2029 2033; 2034 2038; 2039 2043; We recognize deferred tax assets, net of deferred tax liabilities, related to NOL carryforwards, tax credits and temporary differences between book and tax income which will be recognized in future years as an offset against future taxable income. Our deferred tax assets, net as of October 31, 2023 October 31, 2022. not not October 31, 2023 October 31, 2022 We considered all available positive and negative evidence to determine whether, based on the weight of that evidence, the valuation allowance for our DTAs was appropriate. Overall, the positive evidence, both objective and subjective, outweighed the negative evidence. The significant improvement in our profitability over the last three not Deferred tax assets and liabilities have been recognized on the Consolidated Balance Sheets as follows: October 31, (In thousands) 2023 2022 Deferred tax assets: Inventory impairments $ 26,168 $ 30,772 Uniform capitalization of overhead 3,692 4,285 Warranty and legal reserves 4,439 5,668 Compensation 11,377 13,746 Deferred income 1,167 2,425 Interest expense 4,939 3,646 Restricted stock units 2,069 1,628 Stock options 209 818 Provision for losses 18,349 17,700 Federal net operating losses 147,841 194,306 State net operating losses 136,257 150,832 Tax credit carryforwards 21,260 12,254 Other 3,688 5,005 Total deferred tax assets 381,455 443,085 Deferred tax liabilities: Joint venture income (6,743 ) (2,565 ) Total deferred tax liabilities (6,743 ) (2,565 ) Valuation allowance (71,879 ) (95,727 ) Deferred tax assets, net $ 302,833 $ 344,793 Our effective tax rate varied from the statutory federal income tax rate. The effective tax rate is affected by a number of factors, the most significant of which has been the valuation allowance related to our DTAs. The sources of these factors were as follows: Year Ended October 31, 2023 2022 2021 Federal statutory income tax rate 21.0 % 21.0 % 21.0 % State income taxes, net of federal income tax benefit 6.2 9.8 4.0 Permanent differences, net 0.9 0.8 3.6 Deferred tax asset valuation allowance impact (6.3 ) 0.0 (248.5 ) Tax contingencies (0.1 ) (0.1 ) (0.2 ) Tax credits (2.2 ) 0.0 0.0 Adjustments to prior years’ tax accruals 0.1 (2.0 ) 0.0 Effective tax rate 19.6 % 29.5 % (220.1 )% The following is a tabular reconciliation of the total amount of unrecognized tax benefits, excluding interest and penalties: (In millions) 2023 2022 Unrecognized tax benefit—November 1, $ 0.2 $ 0.5 Gross increases—tax positions in current period - - Lapse of statute of limitations (0.2 ) (0.3 ) Unrecognized tax benefit—October 31, $ - $ 0.2 Related to the unrecognized tax benefits noted above, there was no liability for interest and penalties as of October 31, 2023. October 31, 2022, October 31, 2023, 2022 2021, The consolidated federal tax returns have been audited through October 31, 2022 2019 2022.

Note 12 - Reduction of Inventor

Note 12 - Reduction of Inventory to Fair Value	12 Months Ended
	Oct. 31, 2023
Notes to Financial Statements
Inventory Impairments and Land Option Cost Write-offs [Text Block]	12. We had 380 communities under development and held for future development or sale at October 31, 2023 October 31, 2022 2021, October 31, 2023, not October 31, 2022, one October 31, 2021, three three The following table represents impairments by segment for fiscal 2022 2021 (Dollars in millions) Year Ended October 31, 2022 Dollar Pre- Number of Amount of Impairment Communities Impairment Value (1) Northeast - $ - $ - Southeast - - - West 1 8.4 10.6 Total 1 $ 8.4 $ 10.6 (Dollars in millions) Year Ended October 31, 2021 Dollar Pre- Number of Amount of Impairment Communities Impairment Value (1) Northeast - $ - $ - Southeast 2 1.2 9.2 West 1 0.8 2.3 Total 3 $ 2.0 $ 11.5 ( 1 Represents carrying value, net of prior period impairments, if any, at the time of recording the applicable period’s impairments. Write-offs of options, engineering and capitalized interest costs are also recorded in "Inventory impairments and land option write-offs" when we redesign communities, abandon certain engineering costs or do not not October 31, 2023, 2022 2021 not The following table represents write-offs of such costs by segment for fiscal 2023 2022 2021 Year Ended October 31, (In millions) 2023 2022 2021 Northeast $ 0.5 $ 0.4 $ 0.3 Southeast 0.5 0.9 0.2 West 0.5 4.4 1.1 Total $ 1.5 $ 5.7 $ 1.6

Note 13 - Per Share Calculation

Note 13 - Per Share Calculations	12 Months Ended
	Oct. 31, 2023
Notes to Financial Statements
Earnings Per Share [Text Block]	13. Basic and diluted earnings per share for the periods presented below were calculated as follows: Year Ended October 31, (In thousands, except per share data) 2023 2022 2021 Numerator: Net income $ 205,891 $ 225,490 $ 607,817 Less: preferred stock dividends (10,675 ) (10,675 ) - Less: undistributed earnings allocated to participating securities (16,027 ) (19,702 ) (57,676 ) Numerator for basic earnings per share $ 179,189 $ 195,113 $ 550,141 Plus: undistributed earnings allocated to participating securities 16,027 19,702 57,676 Less: undistributed earnings reallocated to participating securities (16,058 ) (19,717 ) (58,687 ) Numerator for diluted earnings per share $ 179,158 $ 195,098 $ 549,130 Denominator: Denominator for basic earnings per share – weighted average shares outstanding 6,230 6,437 6,287 Effect of dilutive securities: Stock-based payments 436 291 108 Denominator for diluted earnings per share – weighted-average shares outstanding 6,666 6,728 6,395 Basic earnings per share $ 28.76 $ 30.31 $ 87.50 Diluted earnings per share $ 26.88 $ 29.00 $ 85.86 In addition, 6 thousand, 26 thousand and 25 thousand shares related to out-of-the money stock options, which could potentially dilute basic earnings per share in the future, were not October 31, 2023, 2022 2021,

Note 14 - Capital Stock

Note 14 - Capital Stock	12 Months Ended
	Oct. 31, 2023
Notes to Financial Statements
Equity [Text Block]	14. Common Stock Each share of Class A common stock entitles its holder to one ten one one On August 4, 2008, January 11, 2018 January 18, 2021, 382 382. 382 382. one August 15, 2008. August 15, 2008, August 4, 2008, may August 14, 2024, 382 5% On July 3, 2001, September 1, 2022, may may not October 31, 2023, Preferred Stock On July 12, 2005, not not 1/1000th 2023 2022 2021 not Retirement Plan We have established a tax-qualified, defined contribution savings and investment retirement plan ( "401 401 October 31, 2023, 2022 2021 Treasury Stock During the year ended October 31, 2023, October 31, 2023. October 31, 2022, October 31, 2022. October 31, 2021.

Note 15 - Share-based Compensat

Note 15 - Share-based Compensation Plans	12 Months Ended
	Oct. 31, 2023
Notes to Financial Statements
Share-Based Payment Arrangement [Text Block]	15. We have stock incentive plans for certain officers, key employees and directors that are approved by a committee appointed by the Board or its delegate. As of October 31, 2023, Stock Options Prior to fiscal 2021, 2023, 2022 2021. four second third fourth fifth first second third tenth The following table summarizes stock option activity at October 31, 2023 Weighted- Average Remaining October 31, Weighted-Average Contractual Aggregate 2023 Exercise Price Life (Years) Intrinsic Value Stock options outstanding at beginning of period 166,559 $ 48.02 Granted - $ - Exercised (4,363 ) $ 31.14 Forfeited (250 ) $ 7.85 Expired (18,399 ) $ 157.00 Stock options outstanding at end of period 143,547 $ 34.63 4.4 $ 5,231,933 Stock options exercisable at end of period 132,903 $ 36.66 4.3 $ 4,590,643 The total intrinsic value of stock options exercised during both fiscal 2023 2022 2021 Based on the fair value at the time of grant, the per share weighted-average fair value of stock options vested in fiscal 2023, 2022 2021 RSUs and Performance Units RSUs are measured based upon the fair value of a share of our Class A common stock on the date of grant. Shares underlying RSUs granted to officers and associates generally vest in four equal installments on the first second third fourth 2023, two Grants of market share units ("MSUs"), performance share units ("PSUs") and the stock portion of the long-term incentive plans ("LTIPs") (each discussed below), are also awarded as compensation. The following table summarizes nonvested time-based RSU and MSU share activity as of October 31, 2023 October 31, Weighted-Average Grant Date 2023 Fair Value Nonvested time-based at beginning of period 175,637 $ 33.43 Granted 63,275 $ 87.92 Vested (1) (97,183 ) $ 29.89 Forfeited (9,586 ) $ 43.90 Nonvested time-based at end of period 132,143 $ 52.79 The following table summarizes nonvested performance-based LTIP, PSU and MSU share activity as of October 31, 2023 October 31, Weighted-Average Grant Date 2023 Fair Value Nonvested performance-based at beginning of period 507,157 $ 41.14 Granted 272,567 $ 56.09 Vested (1) (184,911 ) $ 42.79 Forfeited (13,313 ) $ 51.39 Nonvested performance-based at end of period 581,500 $ 73.90 ( 1 not October 31, 2023. LTIP awards include share adjustments for the difference between target performance metrics at the time of grant and the final performance outcome. Share adjustments are reflected in the “Granted” line above at the time the performance is finalized. For LTIP awards granted prior to fiscal 2023, third fourth fifth 2023 The fair value of LTIP and PSUs (discussed below) is determined using the Finnerty model, which uses an arithmetic average strike, put option. The strike price is based on the predetermined period average value of the underlying asset. The following assumptions were used for the 2023 two two 2022 two two 2021 two two PSUs granted in fiscal 2020 second third fourth fifth no 2023, 2022 2021 third 2023 two two 2022 two two zero 2021 two two zero There were no MSUs granted in fiscal 2023, 2022 2021. first second may first third January 1st third no The total grant date fair value of RSU and performance unit awards granted during fiscal 2023, 2022 2021 $9.2 2023, 2022 2021 During the year-ended October 31, 2023 October 31, 2023 Stock-Based Compensation Expense For the years ended October 31, 2023, 2022 2021, 2023, 2022 2021, October 31, 2023, 2022 2021,

Note 16 - Warranty Costs

Note 16 - Warranty Costs	12 Months Ended
	Oct. 31, 2023
Notes to Financial Statements
Product Warranty Disclosure [Text Block]	16. 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 October 31, 2023 2022 Additions and charges in the warranty reserve and general liability reserve for the years ended October 31, 2023 2022 Year Ended October 31, (In thousands) 2023 2022 Balance, beginning of period $ 97,719 $ 94,916 Additions: Selling, general and administrative 7,140 8,495 Additions: Cost of sales 6,807 9,054 Charges incurred during the period (22,080 ) (18,271 ) Changes to pre-existing reserves 9,333 3,525 Balance, end of period $ 98,919 $ 97,719 Warranty accruals are based upon historical experience. In fiscal 2023 The majority of the charges incurred during fiscal 2023 four October 31, 2023 2022

Note 17 - Transactions With Rel

Note 17 - Transactions With Related Parties	12 Months Ended
	Oct. 31, 2023
Notes to Financial Statements
Related Party Transactions Disclosure [Text Block]	17. During the years ended October 31, 2023, 2022 2021 Alexander Hovnanian, the son of Ara K. Hovnanian, is employed by the Company. Alexander Hovnanian holds the position of Executive Vice President - National Homebuilding Operations. For fiscal 2023, 2022, 2021, Carson Sorsby, the son of J. Larry Sorsby, a member of the Board and our former Chief Financial Officer (retired as of October 31, 2023),

Note 18 - Commitments and Conti

Note 18 - Commitments and Contingent Liabilities	12 Months Ended
	Oct. 31, 2023
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	18. We are involved in litigation arising in the ordinary course of business, none We also are subject to a variety of local, state, federal and foreign laws and regulations concerning protection of health and the environment, including those regulating the emission or discharge of materials into the environment, the management of storm water runoff at construction sites, the handling, use, storage and disposal of hazardous substances, impacts to wetlands and other sensitive environments, and the remediation of contamination at properties that we have owned or developed or currently own or are developing (“environmental laws”). The particular environmental laws that apply to a site may may may may We anticipate that increasingly stringent requirements will continue to be imposed on developers and homebuilders in the future. In addition, some of these laws and regulations that significantly affect how certain properties may may may may may In 2015, not December 2023, not In December 2020, 1998, No Not 1999. one 2009

Note 19 - Variable Interest Ent

Note 19 - Variable Interest Entities	12 Months Ended
	Oct. 31, 2023
Notes to Financial Statements
Variable Interest Entity Disclosure [Text Block]	19. We enter 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 Although the Company does not 810, no December 31, 2023 2022 not We will continue to secure land and lots using options, some of which are with VIEs where we have determined power is shared among the partners and we do not October 31, 2023 2022, not

Note 20 - Investments in Uncons

Note 20 - Investments in Unconsolidated Homebuilding and Land Development Joint Ventures	12 Months Ended
	Oct. 31, 2023
Notes to Financial Statements
Equity Method Investments and Joint Ventures Disclosure [Text Block]	20. 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 investments in homebuilding and land development joint ventures consist of equity interests that, in total, provide us with partner investment returns and management fees. During the first 2023, four one one During the second 2023, During the third 2023, Also, during the third 2023, one three 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: October 31, 2023 Land (In thousands) Homebuilding Development Total Assets: Cash and cash equivalents $ 127,547 $ 822 $ 128,369 Inventories 375,022 - 375,022 Other assets 380,989 - 380,989 Total assets $ 883,558 $ 822 $ 884,380 Liabilities and equity: Accounts payable and accrued liabilities $ 524,586 $ 605 $ 525,191 Notes payable 101,126 - 101,126 Total liabilities 625,712 605 626,317 Equity of: Hovnanian Enterprises, Inc. 96,281 210 96,491 Others 161,565 7 161,572 Total equity 257,846 217 258,063 Total liabilities and equity $ 883,558 $ 822 $ 884,380 Debt to capitalization ratio 28 % 0 % 28 % October 31, 2022 Land (In thousands) Homebuilding Development Total Assets: Cash and cash equivalents $ 153,176 $ 868 $ 154,044 Inventories 441,140 - 441,140 Other assets 20,037 - 20,037 Total assets $ 614,353 $ 868 $ 615,221 Liabilities and equity: Accounts payable and accrued liabilities $ 471,813 $ 651 $ 472,464 Notes payable 34,880 - 34,880 Total liabilities 506,693 651 507,344 Equity of: Hovnanian Enterprises, Inc. 73,142 209 73,351 Others 34,518 8 34,526 Total equity 107,660 217 107,877 Total liabilities and equity $ 614,353 $ 868 $ 615,221 Debt to capitalization ratio 24 % 0 % 24 % As of October 31, 2023 2022, October 31, 2023 2022, not For The Year Ended October 31, 2023 Land (In thousands) Homebuilding Development Total Revenues $ 783,298 $ - $ 783,298 Cost of sales and expenses (654,217 ) - (654,217 ) Joint venture net income $ 129,081 $ - $ 129,081 Our share of net income $ 43,160 $ - $ 43,160 For The Year Ended October 31, 2022 Land (In thousands) Homebuilding Development Total Revenues $ 351,767 $ 113 $ 351,880 Cost of sales and expenses (318,788 ) (37 ) (318,825 ) Joint venture net income $ 32,979 $ 76 $ 33,055 Our share of net income $ 29,002 $ 31 $ 29,033 For The Year Ended October 31, 2021 Land (In thousands) Homebuilding Development Total Revenues $ 347,898 $ 691 $ 348,589 Cost of sales and expenses (335,077 ) (209 ) (335,286 ) Joint venture net income $ 12,821 $ 482 $ 13,303 Our share of net income $ 8,754 $ 195 $ 8,949 The reason “Our share of net income” is higher or lower than the “Joint venture net income” in the tables above is a result of our varying ownership percentages in each investment. For the years ended October 31, 2023 2022, 50% For the year ended October 31, 2023, four fifth October 31, 2022, two third od, and a fourth not In addition, for the year ended October 31, 2022, one not To compensate us for the administrative services we provide as the manager of certain unconsolidated joint ventures, we receive a management fee based on a percentage of the applicable unconsolidated joint venture’s revenue. These management fees, which totaled $16.3 million, $12.5 million and $11.6 million for the years ended October 31, 2023, 2022 2021, Typically, our unconsolidated joint ventures obtain separate project specific mortgage financing. For some of our unconsolidated joint ventures, obtaining financing was challenging, therefore, some of our unconsolidated joint ventures are capitalized only with equity. Any unconsolidated joint venture financing is on a nonrecourse basis, with guarantees from us limited only to performance and completion of development, environmental warranties and indemnification, standard indemnification for fraud, misrepresentation and other similar actions, including a voluntary bankruptcy filing. In some instances, the unconsolidated joint venture entity is considered a VIE due to the returns being capped to the equity holders; however, in these instances, we have determined that we are not not

Note 21 - Fair Value of Financi

Note 21 - Fair Value of Financial Instruments	12 Months Ended
	Oct. 31, 2023
Notes to Financial Statements
Fair Value Disclosures [Text Block]	21. ASC 820, Level 1: Level 2: Level 3: Our financial instruments measured at fair value on a recurring basis are summarized below: Fair Value at Fair Value at Fair Value October 31, October 31, (In thousands) Hierarchy 2023 2022 Mortgage loans held for sale (1) Level 2 $ 130,235 $ 110,548 Forward contracts Level 2 - 752 Total $ 130,235 $ 111,300 ( 1 October 31, 2023 2022 Fair value of mortgage loans held for sale is based on independent quoted market prices, where available, or the prices for other mortgage loans with similar characteristics. The financial services segment had a pipeline of loan applications in process of $517.8 million at October 31, 2023 October 31, 2023 not In addition, 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. Our 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 October 31, 2023 no Changes in fair value that are included in income are shown, by financial instrument and financial statement line item, below: Year Ended October 31, 2023 Mortgage Interest Rate Loans Held Lock Forward (In thousands) for Sale Commitments Contracts Change in fair value included in financial services revenue $ (177 ) $ - $ - Year Ended October 31, 2022 Mortgage Interest Rate Loans Held Lock Forward (In thousands) for Sale Commitments Contracts Change in fair value included in financial services revenue $ 385 $ - $ 752 Year Ended October 31, 2021 Mortgage Interest Rate Loans Held Lock Forward (In thousands) for Sale Commitments Contracts Change in fair value included in financial services revenue $ 4,580 $ 152 $ (107 ) Assets measured at fair value on a nonrecurring basis are those assets for which we have recorded valuation adjustments and write-offs. We did not October 31, 2023 October 31, 2022 Year Ended October 31, 2022 (In thousands) Fair Pre- Value Impairment Hierarchy Amount Total Losses Fair Value Land and land options held for future development or sale Level 3 $ 10,558 $ (8,374 ) $ 2,184 We recorded inventory impairments, which are included in the Consolidated Statements of Operations as “Inventory impairments and land option write-offs” and deducted from inventory of $8.4 million and $2.0 million for the years ended October 2022 2021, not October 31, 2023 12 The fair value of our cash equivalents, restricted cash and cash equivalents and customers' deposits approximates their carrying amount, based on Level 1 The fair value of each series of our notes and credit facilities are listed below. Level 2 3 third 1.75 2025 1.25 2029 2 October 31, 2023 Fair Value as of October 31, 2023 (In thousands) Level 1 Level 2 Level 3 Total Senior Secured Notes: 10.0 November 15, 2025 - 113,843 - 113,843 8.0 September 30, 2028 - - 230,690 230,690 11.75 September 30, 2029 - 476,655 - 476,655 Senior Notes: 13.5 February 1, 2026 - - 95,062 95,062 5.0 February 1, 2040 - - 44,843 44,843 Senior Credit Facilities: Senior Unsecured Term Loan Credit Facility due February 1, 2027 - - 35,034 35,034 Senior Secured 1.75 Lien Term Loan Credit Facility due January 31, 2028 - - 81,742 81,742 Total fair value $ - $ 590,498 $ 487,371 $ 1,077,869 Fair Value as of October 31, 2022 (In thousands) Level 1 Level 2 Level 3 Total Senior Secured Notes: 10.0 November 15, 2025 - - 165,844 165,844 7.75 February 15, 2026 - - 240,393 240,393 10.5 February 15, 2026 - - 272,966 272,966 11.25 February 15, 2026 - - 162,566 162,566 Senior Notes: 13.5 February 1, 2026 - - 94,282 94,282 5.0 February 1, 2040 - - 55,654 55,654 Senior Credit Facilities: Senior Unsecured Term Loan Credit Facility due February 1, 2027 - - 31,301 31,301 Senior Secured 1.75 Lien Term Loan Credit Facility due January 31, 2028 - - 85,247 85,247 Total fair value $ - $ - $ 1,108,253 $ 1,108,253 The Senior Secured Revolving Credit Facility is not October 31, 2023 2022

Note 22 - Subsequent Events

Note 22 - Subsequent Events	12 Months Ended
	Oct. 31, 2023
Notes to Financial Statements
Subsequent Events [Text Block]	22. On November 15, 2023, 1.75 2025

Significant Accounting Policies

Significant Accounting Policies (Policies)	12 Months Ended
	Oct. 31, 2023
Accounting Policies [Abstract]
Use of Estimates, Policy [Policy Text Block]	Use of Estimates
Revenue [Policy Text Block]	Income Recognition from Home and Land Sales 12 606, no 606. Income Recognition from Mortgage Loans - We elected the fair value option for our mortgage loans held for sale in accordance with ASC 825, not Substantially all of the mortgage loans originated are sold within a short period of time in the secondary mortgage market on a servicing released, nonrecourse basis, although the Company remains liable for certain limited representations, such as fraud, and warranties related to loan sales. Mortgage investors could seek to have us buy back loans or compensate them for losses incurred on mortgages we have sold based on claims that we breached our limited representations and warranties. We have established reserves for probable losses.
Cash and Cash Equivalents, Policy [Policy Text Block]	Cash and Cash Equivalents 90 may, October 31, 2023 2022
Fair Value of Financial Instruments, Policy [Policy Text Block]	Fair Value of Financial Instruments not third
Inventory, Policy [Policy Text Block]	Inventories We record inventories on our Consolidated Balance Sheets at cost unless the inventory is determined to be impaired, in which case the inventory is written down to its fair value. Our inventories consist of the following components: ( 1 2 3 not 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, October 31, 2023 2022 not not We have land banking arrangements, whereby we sell our land parcels to a land banker 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, October 31, 2023 2022 not not The recoverability of inventories and other long-lived assets is assessed in accordance with ASC 360, 360 We evaluate inventories of communities under development and held for future development for impairment when indicators of potential impairment are present. Indicators of impairment include, but are not The projected operating profits, losses or cash flows of each community can be significantly impacted by our estimates of the following: ● future base selling prices; ● future home sales incentives; ● future home construction and land development costs; and ● future sales absorption pace and cancellation rates. These estimates are dependent upon specific market conditions for each community. While we consider available information to determine what we believe to be our best estimates as of the end of each quarter, these estimates are subject to change in future reporting periods as facts and circumstances change. Local market-specific conditions that may ● the intensity of competition within a market, including available home sales prices and home sales incentives offered by our competitors; ● the current sales absorption pace for both our communities and competitor communities; ● community-specific attributes, such as location, availability of lots in the market, desirability and uniqueness of our community, and the size and style of homes currently being offered; ● potential for alternative product offerings to respond to local market conditions; ● changes by management in the sales strategy of the community; ● current local market economic and demographic conditions and related trends and forecasts; and ● existing home inventory supplies, including foreclosures and short sales. These and other local market-specific conditions that may may may may may may one not may not If the undiscounted cash flows are more than the carrying value of the community, then the carrying amount is recoverable, and no third may From time to time, we write off deposits, approval, engineering and capitalized interest costs when we determine that it is no not not not
Post-development Completion Warranty Costs and Insurance Deductible Reserves, Policy [Policy Text Block]	Warranty Costs and Construction Defect Reserves 2023 2022 2023 2022 2023 2022 not third third not not
Inventory, Interest Capitalization Policy [Policy Text Block]	Interest not Interest costs incurred, expensed and capitalized were as follows: Year Ended October 31, October 31, October 31, (In thousands) 2023 2022 2021 Interest capitalized at beginning of year $ 59,600 $ 58,159 $ 65,010 Plus interest incurred(1) 136,535 134,024 155,514 Less cost of sales interest expensed (80,820 ) (85,240 ) (84,100 ) Less other interest expensed(2) (54,082 ) (47,343 ) (77,716 ) Less interest contributed to unconsolidated joint ventures(3) (9,456 ) - (3,667 ) Plus interest acquired from unconsolidated joint ventures(4) 283 - 3,118 Interest capitalized at end of year(5) $ 52,060 $ 59,600 $ 58,159 ( 1 Does not ( 2 Other interest expensed includes interest that does not not October 31, 2023, 2022 2021 not October 31, 2023, 2022 2021 ( 3 Represents capitalized interest which was included as part of the assets contributed to joint ventures, as discussed in Note 20. no ( 4 Represents capitalized interest which was included as part of the assets purchased from joint ventures, as discussed in Note 20. no ( 5 Capitalized interest amounts are shown gross before allocating any portion of impairments, if any, to capitalized interest.
Land under Option Arrangements, Policy [Policy Text Block]	Land Options - not In accordance with ASC 810, not not
Equity Method Investments [Policy Text Block]	Unconsolidated Homebuilding and Land Development Joint Ventures - third not not In accordance with ASC 323, no
Deferred Charges, Policy [Policy Text Block]	Debt Issuance Costs -
Debt, Policy [Policy Text Block]	Debt Issued at a Discount /Premium -
Advertising Cost [Policy Text Block]	Advertising Costs October 31, 2023, 2022 2021
Income Tax, Policy [Policy Text Block]	Deferred Income Taxes - 740, not” In evaluating the exposures associated with our various tax filing positions, we recognize tax liabilities for more-likely-than- not may may
Prepaid Expenses, Policy [Policy Text Block]	Prepaid Expenses -
Receivables, Trade and Other Accounts Receivable, Allowance for Doubtful Accounts, Policy [Policy Text Block]	Allowance for Credit Losses October 31, 2023 2022 2023 2022, 2023 2022 2023 2022.
Property, Plant and Equipment, Policy [Policy Text Block]	Property and Equipment
Share-Based Payment Arrangement [Policy Text Block]	Stock-Based Compensation - 718,
Earnings Per Share, Policy [Policy Text Block]	Per Share Calculations - All shares that contain non-forfeitable rights to dividends or dividend equivalents that participate in undistributed earnings with common stock are considered participating securities and are included in earnings per share pursuant to the two two
New Accounting Pronouncements, Policy [Policy Text Block]	Recent Accounting Pronouncements March 2020, 2020 04, 2020 04” 2020 04 March 12, 2020, may December 2022, 2022 06, 848 848”, 848 December 31, 2022 December 31, 2024. not In August 2023, 2023 05, 2023 05” 2023 05 January 1, 2025. not In November 2023, 2023 07, 2023 07” 2023 07 December 15, 2023, December 31, 2024. not

Note 3 - Summary of Significa_2

Note 3 - Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Oct. 31, 2023
Notes Tables
Schedule of Real Estate Inventory, Capitalized Interest Costs [Table Text Block]	Year Ended October 31, October 31, October 31, (In thousands) 2023 2022 2021 Interest capitalized at beginning of year $ 59,600 $ 58,159 $ 65,010 Plus interest incurred(1) 136,535 134,024 155,514 Less cost of sales interest expensed (80,820 ) (85,240 ) (84,100 ) Less other interest expensed(2) (54,082 ) (47,343 ) (77,716 ) Less interest contributed to unconsolidated joint ventures(3) (9,456 ) - (3,667 ) Plus interest acquired from unconsolidated joint ventures(4) 283 - 3,118 Interest capitalized at end of year(5) $ 52,060 $ 59,600 $ 58,159

Note 4 - Leases (Tables)

Note 4 - Leases (Tables)	12 Months Ended
	Oct. 31, 2023
Notes Tables
Lease, Cost [Table Text Block]	Year Ended October 31, (In thousands) 2023 2022 2021 Operating lease costs $ 11,059 $ 10,483 $ 10,521 Cash payments on lease liabilities $ 9,293 $ 9,605 $ 9,598 (In thousands) 2023 2022 ROU assets $ 25,745 $ 17,899 Lease liabilities $ 26,470 $ 18,862 Weighted-average remaining lease term (in years) 5.1 3.5 Weighted-average discount rate 10.0 % 9.5 %
Lessee, Operating Lease, Liability, to be Paid, Maturity [Table Text Block]	Fiscal Year Ending October 31, (In thousands) 2024 $ 8,491 2025 8,028 2026 6,538 2027 4,317 2028 1,784 Thereafter 4,871 Total operating lease payments (1) 34,029 Less: imputed interest (7,559 ) Present value of operating lease liabilities $ 26,470

Note 5 - Property, Plant and _2

Note 5 - Property, Plant and Equipment (Tables)	12 Months Ended
	Oct. 31, 2023
Notes Tables
Property, Plant and Equipment [Table Text Block]	October 31, (In thousands) 2023 2022 Land and land improvements $ 1,563 $ 1,639 Buildings 7,828 9,497 Building improvements 16,061 22,220 Furniture 2,793 4,363 Equipment 10,124 10,739 Capitalized software 50,630 29,263 Property and equipment 88,999 77,721 Less: accumulated depreciation (55,053 ) (51,902 ) Property and equipment, net $ 33,946 $ 25,819

Note 7 - Mortgage Loans Held _2

Note 7 - Mortgage Loans Held for Sale (Tables)	12 Months Ended
	Oct. 31, 2023
Notes Tables
Financing Receivable, Allowance for Credit Loss [Table Text Block]	Year Ended October 31, (In thousands) 2023 2022 Loan origination reserves, beginning of period $ 1,795 $ 1,632 Provisions for losses during the period 187 181 Adjustments to pre-existing provisions for losses from changes in estimates 31 (18 ) Loan origination reserves, end of period $ 2,013 $ 1,795

Note 9 - Senior Notes and Cre_2

Note 9 - Senior Notes and Credit Facilities (Tables)	12 Months Ended
	Oct. 31, 2023
Notes Tables
Schedule of Long-Term Debt Instruments [Table Text Block]	October 31, October 31, (In thousands) 2023 2022 Senior Secured Notes: 10.0 November 15, 2025 $ 113,502 $ 158,502 7.75 February 15, 2026 - 250,000 10.5 February 15, 2026 - 282,322 11.25 February 15, 2026 - 162,269 8.0 September 30, 2028 225,000 - 11.75 September 30, 2029 430,000 - Total Senior Secured Notes $ 768,502 $ 853,093 Senior Notes: 8.0 November 1, 2027 $ - $ - 13.5 February 1, 2026 90,590 90,590 5.0 February 1, 2040 90,120 90,120 Total Senior Notes $ 180,710 $ 180,710 Senior Unsecured Term Loan Credit Facility due February 1, 2027 $ 39,551 $ 39,551 Senior Secured 1.75 Lien Term Loan Credit Facility due January 31, 2028 $ 81,498 $ 81,498 Senior Secured Revolving Credit Facility (3) $ - $ - Subtotal senior notes and credit facilities $ 1,070,261 $ 1,154,852 Net (discounts) premiums $ (14,563 ) $ 4,079 Unamortized debt issuance costs $ (4,207 ) $ (12,384 ) Total senior notes and credit facilities, net of discounts, premiums and unamortized debt issuance costs $ 1,051,491 $ 1,146,547
Schedule of Maturities of Long-Term Debt [Table Text Block]	Fiscal Year Ending October 31, (1) 2024 $ - 2025 - 2026 (2) 204,092 2027 39,551 2028 306,498 Thereafter 520,120 Total $ 1,070,261

Note 10 - Operating and Repor_2

Note 10 - Operating and Reporting Segments (Tables)	12 Months Ended
	Oct. 31, 2023
Operating Segments [Member]
Notes Tables
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Year Ended October 31, (In thousands) 2023 2022 2021 Revenues: Northeast $ 968,851 $ 1,085,081 $ 871,091 Southeast 420,296 323,961 285,658 West 1,295,992 1,450,632 1,544,397 Total homebuilding 2,685,139 2,859,674 2,701,146 Financial services 60,088 61,540 81,692 Corporate and unallocated 10,789 1,017 19 Total revenues $ 2,756,016 $ 2,922,231 $ 2,782,857 Income before income taxes: Northeast $ 178,516 $ 177,406 $ 102,896 Southeast 77,750 60,178 17,764 West 114,084 207,519 198,343 Total homebuilding 370,350 445,103 319,003 Financial services 19,365 19,121 37,563 Corporate and unallocated (1) (133,764 ) (144,471 ) (166,705 ) Income before income taxes $ 255,951 $ 319,753 $ 189,861 October 31, (In thousands) 2023 2022 Assets: Northeast $ 483,784 $ 530,884 Southeast 286,701 330,894 West 733,318 802,704 Total homebuilding 1,503,803 1,664,482 Financial services 168,671 155,993 Corporate and unallocated 820,466 741,555 Total assets $ 2,492,940 $ 2,562,030 October 31, (In thousands) 2023 2022 Investments in and advances to unconsolidated joint ventures: Northeast $ 56,758 $ 20,241 Southeast 35,262 52,651 West 4,503 174 Total homebuilding 96,523 73,066 Corporate and unallocated 1,363 1,874 Total investments in and advances to unconsolidated joint ventures $ 97,886 $ 74,940 Year Ended October 31, (In thousands) 2023 2022 2021 Homebuilding interest expense: Northeast $ 32,071 $ 31,552 $ 30,212 Southeast 20,055 17,403 19,490 West 65,068 55,056 55,029 Total homebuilding 117,194 104,011 104,731 Corporate and unallocated 17,707 28,572 57,085 Financial services interest expense (income) (1) 1 (213 ) (35 ) Total interest expense, net $ 134,902 $ 132,370 $ 161,781 Year Ended October 31, (In thousands) 2023 2022 2021 Depreciation: Northeast $ 4,352 $ 1,542 $ 1,459 Southeast 444 291 214 West 1,325 1,298 1,811 Total homebuilding 6,121 3,131 3,484 Financial services - 5 13 Corporate and unallocated 2,677 2,321 1,783 Total depreciation $ 8,798 $ 5,457 $ 5,280 Year Ended October 31, (In thousands) 2023 2022 2021 Net additions to property and equipment: Northeast $ 1,678 $ 1,848 $ 1,271 Southeast 263 229 256 West 1,599 1,841 1,174 Total homebuilding 3,540 3,918 2,701 Financial services 1,040 28 - Corporate and unallocated 14,241 8,646 3,241 Total net additions to property and equipment $ 18,821 $ 12,592 $ 5,942 Year Ended October 31, (In thousands) 2023 2022 2021 Equity in earnings from unconsolidated joint ventures: Northeast $ 27,253 $ 12,674 $ 2,958 Southeast 15,696 16,359 2,061 West 211 - 3,830 Total equity in earnings from unconsolidated joint ventures $ 43,160 $ 29,033 $ 8,849

Note 11 - Income Taxes (Tables)

Note 11 - Income Taxes (Tables)	12 Months Ended
	Oct. 31, 2023
Notes Tables
Schedule of Components of Income Tax Payable Receivable [Table Text Block]	October 31, (In thousands) 2023 2022 State income taxes: Current $ 1,861 $ 3,167 Deferred (74,110 ) (69,248 ) Federal income taxes: Current - - Deferred (228,723 ) (275,545 ) Total $ (300,972 ) $ (341,626 )
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]	Year Ended October 31, (In thousands) 2023 2022 2021 Current income tax expense: Federal (1) $ - $ - $ - State (2) 8,101 13,377 7,722 Total current income tax expense: 8,101 13,377 7,722 Federal 46,821 60,064 (335,608 ) State (4,862 ) 20,822 (90,070 ) Total deferred income tax expense (benefit): 41,959 80,886 (425,678 ) Total $ 50,060 $ 94,263 $ (417,956 )
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]	October 31, (In thousands) 2023 2022 Deferred tax assets: Inventory impairments $ 26,168 $ 30,772 Uniform capitalization of overhead 3,692 4,285 Warranty and legal reserves 4,439 5,668 Compensation 11,377 13,746 Deferred income 1,167 2,425 Interest expense 4,939 3,646 Restricted stock units 2,069 1,628 Stock options 209 818 Provision for losses 18,349 17,700 Federal net operating losses 147,841 194,306 State net operating losses 136,257 150,832 Tax credit carryforwards 21,260 12,254 Other 3,688 5,005 Total deferred tax assets 381,455 443,085 Deferred tax liabilities: Joint venture income (6,743 ) (2,565 ) Total deferred tax liabilities (6,743 ) (2,565 ) Valuation allowance (71,879 ) (95,727 ) Deferred tax assets, net $ 302,833 $ 344,793
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]	Year Ended October 31, 2023 2022 2021 Federal statutory income tax rate 21.0 % 21.0 % 21.0 % State income taxes, net of federal income tax benefit 6.2 9.8 4.0 Permanent differences, net 0.9 0.8 3.6 Deferred tax asset valuation allowance impact (6.3 ) 0.0 (248.5 ) Tax contingencies (0.1 ) (0.1 ) (0.2 ) Tax credits (2.2 ) 0.0 0.0 Adjustments to prior years’ tax accruals 0.1 (2.0 ) 0.0 Effective tax rate 19.6 % 29.5 % (220.1 )%
Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block]	(In millions) 2023 2022 Unrecognized tax benefit—November 1, $ 0.2 $ 0.5 Gross increases—tax positions in current period - - Lapse of statute of limitations (0.2 ) (0.3 ) Unrecognized tax benefit—October 31, $ - $ 0.2

Note 12 - Reduction of Invent_2

Note 12 - Reduction of Inventory to Fair Value (Tables)	12 Months Ended
	Oct. 31, 2023
Notes Tables
Inventory Impairment [Table Text Block]	(Dollars in millions) Year Ended October 31, 2022 Dollar Pre- Number of Amount of Impairment Communities Impairment Value (1) Northeast - $ - $ - Southeast - - - West 1 8.4 10.6 Total 1 $ 8.4 $ 10.6 (Dollars in millions) Year Ended October 31, 2021 Dollar Pre- Number of Amount of Impairment Communities Impairment Value (1) Northeast - $ - $ - Southeast 2 1.2 9.2 West 1 0.8 2.3 Total 3 $ 2.0 $ 11.5
Write Offs and Lots Walked Away From [Table Text Block]	Year Ended October 31, (In millions) 2023 2022 2021 Northeast $ 0.5 $ 0.4 $ 0.3 Southeast 0.5 0.9 0.2 West 0.5 4.4 1.1 Total $ 1.5 $ 5.7 $ 1.6

Note 13 - Per Share Calculati_2

Note 13 - Per Share Calculations (Tables)	12 Months Ended
	Oct. 31, 2023
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Year Ended October 31, (In thousands, except per share data) 2023 2022 2021 Numerator: Net income $ 205,891 $ 225,490 $ 607,817 Less: preferred stock dividends (10,675 ) (10,675 ) - Less: undistributed earnings allocated to participating securities (16,027 ) (19,702 ) (57,676 ) Numerator for basic earnings per share $ 179,189 $ 195,113 $ 550,141 Plus: undistributed earnings allocated to participating securities 16,027 19,702 57,676 Less: undistributed earnings reallocated to participating securities (16,058 ) (19,717 ) (58,687 ) Numerator for diluted earnings per share $ 179,158 $ 195,098 $ 549,130 Denominator: Denominator for basic earnings per share – weighted average shares outstanding 6,230 6,437 6,287 Effect of dilutive securities: Stock-based payments 436 291 108 Denominator for diluted earnings per share – weighted-average shares outstanding 6,666 6,728 6,395 Basic earnings per share $ 28.76 $ 30.31 $ 87.50 Diluted earnings per share $ 26.88 $ 29.00 $ 85.86

Note 15 - Share-based Compens_2

Note 15 - Share-based Compensation Plans (Tables)	12 Months Ended
	Oct. 31, 2023
Notes Tables
Share-Based Payment Arrangement, Option, Activity [Table Text Block]	Weighted- Average Remaining October 31, Weighted-Average Contractual Aggregate 2023 Exercise Price Life (Years) Intrinsic Value Stock options outstanding at beginning of period 166,559 $ 48.02 Granted - $ - Exercised (4,363 ) $ 31.14 Forfeited (250 ) $ 7.85 Expired (18,399 ) $ 157.00 Stock options outstanding at end of period 143,547 $ 34.63 4.4 $ 5,231,933 Stock options exercisable at end of period 132,903 $ 36.66 4.3 $ 4,590,643
Schedule of Nonvested Share Activity [Table Text Block]	October 31, Weighted-Average Grant Date 2023 Fair Value Nonvested time-based at beginning of period 175,637 $ 33.43 Granted 63,275 $ 87.92 Vested (1) (97,183 ) $ 29.89 Forfeited (9,586 ) $ 43.90 Nonvested time-based at end of period 132,143 $ 52.79 October 31, Weighted-Average Grant Date 2023 Fair Value Nonvested performance-based at beginning of period 507,157 $ 41.14 Granted 272,567 $ 56.09 Vested (1) (184,911 ) $ 42.79 Forfeited (13,313 ) $ 51.39 Nonvested performance-based at end of period 581,500 $ 73.90

Note 16 - Warranty Costs (Table

Note 16 - Warranty Costs (Tables)	12 Months Ended
	Oct. 31, 2023
Notes Tables
Schedule of Product Warranty Liability [Table Text Block]	Year Ended October 31, (In thousands) 2023 2022 Balance, beginning of period $ 97,719 $ 94,916 Additions: Selling, general and administrative 7,140 8,495 Additions: Cost of sales 6,807 9,054 Charges incurred during the period (22,080 ) (18,271 ) Changes to pre-existing reserves 9,333 3,525 Balance, end of period $ 98,919 $ 97,719

Note 20 - Investments in Unco_2

Note 20 - Investments in Unconsolidated Homebuilding and Land Development Joint Ventures (Tables)	12 Months Ended
	Oct. 31, 2023
Notes Tables
Equity Method Investments [Table Text Block]	October 31, 2023 Land (In thousands) Homebuilding Development Total Assets: Cash and cash equivalents $ 127,547 $ 822 $ 128,369 Inventories 375,022 - 375,022 Other assets 380,989 - 380,989 Total assets $ 883,558 $ 822 $ 884,380 Liabilities and equity: Accounts payable and accrued liabilities $ 524,586 $ 605 $ 525,191 Notes payable 101,126 - 101,126 Total liabilities 625,712 605 626,317 Equity of: Hovnanian Enterprises, Inc. 96,281 210 96,491 Others 161,565 7 161,572 Total equity 257,846 217 258,063 Total liabilities and equity $ 883,558 $ 822 $ 884,380 Debt to capitalization ratio 28 % 0 % 28 % October 31, 2022 Land (In thousands) Homebuilding Development Total Assets: Cash and cash equivalents $ 153,176 $ 868 $ 154,044 Inventories 441,140 - 441,140 Other assets 20,037 - 20,037 Total assets $ 614,353 $ 868 $ 615,221 Liabilities and equity: Accounts payable and accrued liabilities $ 471,813 $ 651 $ 472,464 Notes payable 34,880 - 34,880 Total liabilities 506,693 651 507,344 Equity of: Hovnanian Enterprises, Inc. 73,142 209 73,351 Others 34,518 8 34,526 Total equity 107,660 217 107,877 Total liabilities and equity $ 614,353 $ 868 $ 615,221 Debt to capitalization ratio 24 % 0 % 24 % For The Year Ended October 31, 2023 Land (In thousands) Homebuilding Development Total Revenues $ 783,298 $ - $ 783,298 Cost of sales and expenses (654,217 ) - (654,217 ) Joint venture net income $ 129,081 $ - $ 129,081 Our share of net income $ 43,160 $ - $ 43,160 For The Year Ended October 31, 2022 Land (In thousands) Homebuilding Development Total Revenues $ 351,767 $ 113 $ 351,880 Cost of sales and expenses (318,788 ) (37 ) (318,825 ) Joint venture net income $ 32,979 $ 76 $ 33,055 Our share of net income $ 29,002 $ 31 $ 29,033 For The Year Ended October 31, 2021 Land (In thousands) Homebuilding Development Total Revenues $ 347,898 $ 691 $ 348,589 Cost of sales and expenses (335,077 ) (209 ) (335,286 ) Joint venture net income $ 12,821 $ 482 $ 13,303 Our share of net income $ 8,754 $ 195 $ 8,949

Note 21 - Fair Value of Finan_2

Note 21 - Fair Value of Financial Instruments (Tables)	12 Months Ended
	Oct. 31, 2023
Notes Tables
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]	Fair Value at Fair Value at Fair Value October 31, October 31, (In thousands) Hierarchy 2023 2022 Mortgage loans held for sale (1) Level 2 $ 130,235 $ 110,548 Forward contracts Level 2 - 752 Total $ 130,235 $ 111,300
Fair Value Option, Disclosures [Table Text Block]	Year Ended October 31, 2023 Mortgage Interest Rate Loans Held Lock Forward (In thousands) for Sale Commitments Contracts Change in fair value included in financial services revenue $ (177 ) $ - $ - Year Ended October 31, 2022 Mortgage Interest Rate Loans Held Lock Forward (In thousands) for Sale Commitments Contracts Change in fair value included in financial services revenue $ 385 $ - $ 752 Year Ended October 31, 2021 Mortgage Interest Rate Loans Held Lock Forward (In thousands) for Sale Commitments Contracts Change in fair value included in financial services revenue $ 4,580 $ 152 $ (107 )
Fair Value Measurements, Nonrecurring [Table Text Block]	Year Ended October 31, 2022 (In thousands) Fair Pre- Value Impairment Hierarchy Amount Total Losses Fair Value Land and land options held for future development or sale Level 3 $ 10,558 $ (8,374 ) $ 2,184
Fair Value, Liabilities Measured on Recurring and Nonrecurring Basis 2 [Table Text Block]	(In thousands) Level 1 Level 2 Level 3 Total Senior Secured Notes: 10.0 November 15, 2025 - 113,843 - 113,843 8.0 September 30, 2028 - - 230,690 230,690 11.75 September 30, 2029 - 476,655 - 476,655 Senior Notes: 13.5 February 1, 2026 - - 95,062 95,062 5.0 February 1, 2040 - - 44,843 44,843 Senior Credit Facilities: Senior Unsecured Term Loan Credit Facility due February 1, 2027 - - 35,034 35,034 Senior Secured 1.75 Lien Term Loan Credit Facility due January 31, 2028 - - 81,742 81,742 Total fair value $ - $ 590,498 $ 487,371 $ 1,077,869 (In thousands) Level 1 Level 2 Level 3 Total Senior Secured Notes: 10.0 November 15, 2025 - - 165,844 165,844 7.75 February 15, 2026 - - 240,393 240,393 10.5 February 15, 2026 - - 272,966 272,966 11.25 February 15, 2026 - - 162,566 162,566 Senior Notes: 13.5 February 1, 2026 - - 94,282 94,282 5.0 February 1, 2040 - - 55,654 55,654 Senior Credit Facilities: Senior Unsecured Term Loan Credit Facility due February 1, 2027 - - 31,301 31,301 Senior Secured 1.75 Lien Term Loan Credit Facility due January 31, 2028 - - 85,247 85,247 Total fair value $ - $ - $ 1,108,253 $ 1,108,253

Supplemental Disclosure of No_2

Supplemental Disclosure of Non-cash Operating and Investing Activities (Details Textual) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended	12 Months Ended
	Jul. 31, 2023	Apr. 30, 2023	Oct. 31, 2021	Oct. 31, 2023	Oct. 31, 2022	Oct. 31, 2021
Increase (Decrease) in Inventories				$ (278,672)	$ 279,000	$ 35,514
Increase (Decrease) in Receivables				(11,296)	2,632	3,016
Increase (Decrease) in Contract with Customer, Liability				(29,913)	5,725	20,009
Repayments of Notes Payable				$ 382,933	$ 418,383	$ 262,609
Acquisition of Remaining Assets of One of Joint Ventures [Member]
Reduction in Investment from Purchase of Remining Interest in Joint Venture			$ 26,600
Consolidated Joint Venture [Member]
Reduction in Investment from Consolidation of Remining Interest in Joint Venture	$ 53,400	$ 10,800
Increase (Decrease) in Inventories	95,300	14,900
Increase (Decrease) in Accounts Payable	14,500	$ 5,300
Increase (Decrease) in Receivables	3,800
Increase (Decrease) in Contract with Customer, Liability	7,300
Repayments of Notes Payable	$ 4,800

Note 2 - Business (Details Text

Note 2 - Business (Details Textual)	12 Months Ended
	Oct. 31, 2023	Oct. 31, 2022	Oct. 31, 2021
Number of Communities	113
Homebuilding [Member]
Number of Reportable Segments	3
Homebuilding [Member] | Segment Concentration Risk [Member] | Revenue Benchmark [Member]
Concentration Risk, Percentage	98%	98%	97%

Note 3 - Summary of Significa_3

Note 3 - Summary of Significant Accounting Policies (Details Textual) - USD ($) $ in Thousands		12 Months Ended
		Oct. 31, 2023	Oct. 31, 2022	Oct. 31, 2021
Cash Equivalents, at Carrying Value		$ 11,400	$ 13,400
General Liability Insurance Deductible		25,000	25,000
Aggregate Retention for Construction Defects Warranty and Bodily Injury Claims		25,000	25,000
Real Estate Inventory Expense Not Eligible for Capitalization	[1],[2]	54,082	47,343	$ 77,716
Advertising Expense		15,400	10,600	9,800
Accounts Receivable, Allowance for Credit Loss		12,800	12,700
Accounts Receivable, Credit Loss Expense (Reversal)		(400)	(2,500)
Accounts Receivable, Allowance for Credit Loss, Recovery		200	300
Accounts Receivable, Allowance for Credit Loss, Writeoff		$ 100	0
Building and Building Improvements [Member]
Property, Plant and Equipment, Useful Life (Year)		39 years
Qualifying Assets Not Exceeding Debt [Member]
Real Estate Inventory Expense Not Eligible for Capitalization		$ 17,700	28,600	57,100
Completed Homes, Land in Planning and Fully Developed Lots without Homes under Construction [Member]
Real Estate Inventory Expense Not Eligible for Capitalization		$ 36,400	18,800	$ 20,600
Maximum [Member]
Joint Venture Voting Interest Percentage		50%
Maximum [Member] | Furniture and Fixtures [Member]
Property, Plant and Equipment, Useful Life (Year)		7 years
Maximum [Member] | Equipment [Member]
Property, Plant and Equipment, Useful Life (Year)		7 years
Maximum [Member] | Software and Software Development Costs [Member]
Property, Plant and Equipment, Useful Life (Year)		5 years
Minimum [Member]
Joint Venture Voting Interest Percentage		20%
Minimum [Member] | Furniture and Fixtures [Member]
Property, Plant and Equipment, Useful Life (Year)		5 years
Minimum [Member] | Equipment [Member]
Property, Plant and Equipment, Useful Life (Year)		5 years
Minimum [Member] | Software and Software Development Costs [Member]
Property, Plant and Equipment, Useful Life (Year)		3 years
CALIFORNIA
Bodily Injury Insurance Deductible		$ 500	500
CALIFORNIA | Maximum [Member]
Bodily Injury Insurance Limit		5,000	5,000
All States Other Than California [Member]
Bodily Injury Insurance Deductible		250	250
All States Other Than California [Member] | Maximum [Member]
Bodily Injury Insurance Limit		5,000	5,000
Homebuilding [Member]
Liabilities from Inventory Real Estate Not Owned		124,254	202,492
Homebuilding [Member] | Model Sale Leaseback Financing Arrangements [Member]
Inventory Real Estate, Other Options		41,700	48,500
Liabilities from Inventory Real Estate Not Owned		42,000	51,200
Homebuilding [Member] | Land Banking Arrangement [Member]
Inventory Real Estate, Other Options		183,100	260,100
Liabilities from Inventory Real Estate Not Owned		$ 82,300	$ 151,300
[1]Cash paid for interest, net of capitalized interest, is the sum of other interest expensed, as defined above, and interest paid by our mortgage and finance subsidiaries adjusted for the change in accrued interest on notes payable, which is calculated as follows:[2]Other interest expensed includes interest that does not qualify for interest capitalization because our assets that qualify for interest capitalization (inventory under development) do not exceed our debt, which amounted to $2.6 million and $5.0 million for the three months ended July 31, 2023 and 2022, respectively, and $14.5 million and $25.5 million for the nine months ended July 31, 2023 and 2022, respectively. Other interest also includes interest on completed homes, land in planning and fully developed lots without homes under construction, which does not qualify for capitalization and therefore is expensed as incurred. This component of other interest was $10.9 million and $4.6 million for the three months ended July 31, 2023 and 2022, respectively, and $28.6 million and $9.9 million for the nine months ended July 31, 2023 and 2022, respectively.

Note 3 - Summary of Significa_4

Note 3 - Summary of Significant Accounting Policies - Interest Costs Incurred, Expensed and Capitalized (Details) - USD ($) $ in Thousands		12 Months Ended
		Oct. 31, 2023	Oct. 31, 2022	Oct. 31, 2021
Interest capitalized at beginning of year		$ 59,600	$ 58,159	$ 65,010
Plus interest incurred(1)	[1]	136,535	134,024	155,514
Less cost of sales interest expensed		(80,820)	(85,240)	(84,100)
Less other interest expensed(2)	[2],[3]	(54,082)	(47,343)	(77,716)
Less interest contributed to unconsolidated joint ventures(3)		(9,456)	0	(3,667)
Plus interest acquired from unconsolidated joint ventures(4)		283	0	3,118
Interest capitalized at end of year(5)		$ 52,060	$ 59,600	$ 58,159
[1]Data does not include interest incurred by our mortgage and finance subsidiaries.[2]Cash paid for interest, net of capitalized interest, is the sum of other interest expensed, as defined above, and interest paid by our mortgage and finance subsidiaries adjusted for the change in accrued interest on notes payable, which is calculated as follows:[3]Other interest expensed includes interest that does not qualify for interest capitalization because our assets that qualify for interest capitalization (inventory under development) do not exceed our debt, which amounted to $2.6 million and $5.0 million for the three months ended July 31, 2023 and 2022, respectively, and $14.5 million and $25.5 million for the nine months ended July 31, 2023 and 2022, respectively. Other interest also includes interest on completed homes, land in planning and fully developed lots without homes under construction, which does not qualify for capitalization and therefore is expensed as incurred. This component of other interest was $10.9 million and $4.6 million for the three months ended July 31, 2023 and 2022, respectively, and $28.6 million and $9.9 million for the nine months ended July 31, 2023 and 2022, respectively.

Note 4 - Leases (Details Textua

Note 4 - Leases (Details Textual) $ in Millions	12 Months Ended
	Oct. 31, 2023 USD ($)
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability	$ 19.8
Lessee, Operating Lease, Lease Not Yet Commenced	3.2
Increase (Decrease) in Operating Lease Liability	$ 19.8
Minimum [Member] | Office Leases [Member]
Lessee, Operating Lease, Term of Contract (Year)	3 years
Maximum [Member] | Office Leases [Member]
Lessee, Operating Lease, Term of Contract (Year)	5 years

Note 4 - Leases - Lease Cost (D

Note 4 - Leases - Lease Cost (Details) - USD ($) $ in Thousands	12 Months Ended
	Oct. 31, 2023	Oct. 31, 2022	Oct. 31, 2021
Operating lease costs	$ 11,059	$ 10,483	$ 10,521
Cash payments on lease liabilities	$ 9,293	$ 9,605	$ 9,598
Weighted-average remaining lease term (in years) (Year)	5 years 1 month 6 days	3 years 6 months
Weighted-average discount rate	10%	9.50%
Prepaid Expenses and Other Current Assets [Member]
ROU assets	$ 25,745	$ 17,899
Accounts Payable and Accrued Liabilities [Member]
Lease liabilities	$ 26,470	$ 18,862

Note 4 - Leases - Maturities of

Note 4 - Leases - Maturities of Operating Lease Liabilities (Details) - USD ($) $ in Thousands		Oct. 31, 2023	Oct. 31, 2022
2024		$ 8,491
2025		8,028
2026		6,538
2027		4,317
2028		1,784
Thereafter		4,871
Total operating lease payments (1)	[1]	34,029
Less: imputed interest		(7,559)
Accounts Payable and Accrued Liabilities [Member]
Present value of operating lease liabilities		$ 26,470	$ 18,862
[1]Lease payments exclude $3.2 million of legally binding minimum lease payments for office leases signed but not yet commenced as of October 31, 2023. The related ROU asset and operating lease liability are not reflected on the Company's Consolidated Balance Sheet as of October 31, 2023.

Note 5 - Property, Plant and _3

Note 5 - Property, Plant and Equipment - Property, Plant and Equipment (Details) - USD ($) $ in Thousands	Oct. 31, 2023	Oct. 31, 2022
Property, plant and equipment, gross	$ 88,999	$ 77,721
Less: accumulated depreciation	(55,053)	(51,902)
Property and equipment, net	33,946	25,819
Land and Land Improvements [Member]
Property, plant and equipment, gross	1,563	1,639
Building [Member]
Property, plant and equipment, gross	7,828	9,497
Building Improvements [Member]
Property, plant and equipment, gross	16,061	22,220
Furniture and Fixtures [Member]
Property, plant and equipment, gross	2,793	4,363
Equipment [Member]
Property, plant and equipment, gross	10,124	10,739
Software and Software Development Costs [Member]
Property, plant and equipment, gross	$ 50,630	$ 29,263

Note 6 - Restricted Cash and _2

Note 6 - Restricted Cash and Customers' Deposits (Details Textual) - USD ($) $ in Thousands	Oct. 31, 2023	Oct. 31, 2022	Oct. 31, 2021
Mortgage Warehouse Lines of Credit [Member]
Restricted Cash and Cash Equivalents	$ 2,400	$ 6,400
Homebuilding [Member]
Restricted Cash and Cash Equivalents	8,431	13,382	$ 16,089
Financial Services [Member]
Restricted Cash and Cash Equivalents	30,450	36,142	$ 43,518
Financial Services [Member] | Customer Deposits [Member]
Restricted Cash and Cash Equivalents	28,100	29,700
Financial Services [Member] | Other Assets [Member]
Restricted Cash and Cash Equivalents	$ 30,500	$ 36,100

Note 7 - Mortgage Loans Held _3

Note 7 - Mortgage Loans Held for Sale (Details Textual) $ in Millions	Oct. 31, 2023 USD ($)	Oct. 31, 2022 USD ($)
Number of Loans Reserved For	10	14
Asset Pledged as Collateral without Right [Member]
Financing Receivable, before Allowance for Credit Loss	$ 127.7	$ 92.5

Note 7 - Mortgage Loans Held _4

Note 7 - Mortgage Loans Held for Sale - Loan Origination Reserves (Details) - USD ($) $ in Thousands	12 Months Ended
	Oct. 31, 2023	Oct. 31, 2022
Loan origination reserves, beginning of period	$ 1,795	$ 1,632
Provisions for losses during the period	187	181
Adjustments to pre-existing provisions for losses from changes in estimates	31	(18)
Loan origination reserves, end of period	$ 2,013	$ 1,795

Note 8 - Mortgages (Details Tex

Note 8 - Mortgages (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Oct. 31, 2023	Oct. 31, 2022
JP Morgan Chase Bank [Member]
Line of Credit Facility, Maximum Borrowing Capacity	$ 75,000
Warehouse Agreement Borrowings	$ 31,400	$ 14,100
JP Morgan Chase Bank [Member] | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member] | Minimum [Member]
Debt Instrument, Basis Spread on Variable Rate	2.125%
JP Morgan Chase Bank [Member] | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member] | Maximum [Member]
Debt Instrument, Basis Spread on Variable Rate	2.375%
Customers Bank [Member]
Line of Credit Facility, Maximum Borrowing Capacity	$ 50,000
Warehouse Agreement Borrowings	$ 41,100	43,100
Customers Bank [Member] | Bloomberg Short-term Bank Yield Index (BSBY) [Member] | Minimum [Member]
Debt Instrument, Basis Spread on Variable Rate	2.125%
Customers Bank [Member] | Bloomberg Short-term Bank Yield Index (BSBY) [Member] | Maximum [Member]
Debt Instrument, Basis Spread on Variable Rate	4.50%
Nonrecourse Mortgages Secured By Inventory [Member] | Mortgages [Member] | Homebuilding [Member]
Secured Debt	$ 91,539	144,805
Debt Instrument, Collateral Amount	$ 331,600	$ 418,900
Debt, Weighted Average Interest Rate	8.50%	6.70%
Comerica Master Repurchase Agreement [Member]
Line of Credit Facility, Maximum Borrowing Capacity	$ 60,000
Warehouse Agreement Borrowings	38,300	$ 37,100
Line of Credit Facility, Maximum Borrowing Capacity Reversion After Initial Period	$ 50,000
Comerica Master Repurchase Agreement [Member] | Bloomberg Short-term Bank Yield Index (BSBY) [Member]
Debt Instrument Variable Rate Basis Floor Rate	0.50%
Comerica Master Repurchase Agreement [Member] | Bloomberg Short-term Bank Yield Index (BSBY) [Member] | Minimum [Member]
Debt Instrument, Basis Spread on Variable Rate	1.75%
Comerica Master Repurchase Agreement [Member] | Bloomberg Short-term Bank Yield Index (BSBY) [Member] | Maximum [Member]
Debt Instrument, Basis Spread on Variable Rate	3.25%

Note 9 - Senior Notes and Cre_3

Note 9 - Senior Notes and Credit Facilities (Details Textual) $ in Thousands							12 Months Ended
	Nov. 15, 2023 USD ($)	Oct. 31, 2023 USD ($)	Oct. 05, 2023 USD ($)	Aug. 29, 2023 USD ($)	May 30, 2023 USD ($)	Apr. 29, 2022 USD ($)	Oct. 31, 2023 USD ($)	Oct. 31, 2022 USD ($)	Oct. 31, 2021 USD ($)	Oct. 01, 2023 USD ($)	Sep. 25, 2023 USD ($)	Sep. 24, 2023	Sep. 07, 2023 USD ($)
Debt Covenant Fixed Charge Coverage Ratio Minimum		2					2		2
Secured Debt Leverage Ratio		4					4		4
Dividends							$ 2,700
Repayments of Senior Debt							752,182	$ 103,875	$ 182,726
Gain (Loss) on Extinguishment of Debt							(25,638)	(6,795)	(3,748)
Proceeds from Issuance of Secured Debt							640,925	0	$ 0
Potential Conversion of Specified Junior Debt To Additional Lien Notes [Member]
Debt instrument to Be Issued as a Percentage Difference of Principal and Purchase Price			20%
Potential Conversion of Specified Junior Debt To Additional Lien Notes [Member] | Maximum [Member]
Debt Conversion, Converted Instrument, Amount			$ 150,000
Senior Secured Revolving Credit Facility [Member]
Line of Credit Facility, Maximum Borrowing Capacity		$ 125,000					$ 125,000
Line of Credit Facility, Unused Commitment Fee Rate		1%					1%
Long-Term Line of Credit		$ 0					$ 0	0		$ 0
Senior Secured Revolving Credit Facility [Member] | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]
Line of Credit Facility, Variable Rate Floor		3%					3%
Line of Credit Facility, Applicable Margin		4.50%					4.50%
Senior Secured Revolving Credit Facility [Member] | Alternate Base Rate [Member]
Line of Credit Facility, Variable Rate Floor		4%					4%
Line of Credit Facility, Applicable Margin		3.50%					3.50%
Stand-alone Cash Collateralized Letter of Credit Agreements and Facilities [Member]
Letters of Credit Outstanding, Amount		$ 4,900					$ 4,900	6,000
Stand-alone Cash Collateralized Letter of Credit Agreements and Facilities [Member] | Restricted Cash [Member]
Debt Instrument, Collateral Amount		5,100					5,100	$ 6,100
Senior Secured Notes [Member]
Gain (Loss) on Extinguishment of Debt			(17,900)
Senior Secured Revolving Credit Facility [Member]
Line of Credit Facility, Maximum Borrowing Capacity											$ 125,000
Line of Credit Facility, Variable Rate Floor											3%	1%
Line of Credit Facility, Unused Commitment Fee Rate											1%
Senior Secured Revolving Credit Facility [Member] | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]
Line of Credit Facility, Variable Rate Floor											3%
Line of Credit Facility, Applicable Margin											4.50%
Senior Secured Revolving Credit Facility [Member] | Alternate Base Rate [Member]
Line of Credit Facility, Variable Rate Floor											4%
Line of Credit Facility, Applicable Margin											3.50%
The Secured Credit Facility, the New Secured Notes, and the Second Lien Notes [Member] | Cash and Cash Equivalents Collateral [Member]
Debt Instrument, Collateral Amount		441,200					441,200
The Secured Credit Facility, the New Secured Notes, and the Second Lien Notes [Member] | Restricted Cash [Member]
Debt Instrument, Collateral Amount		5,100					5,100
The Secured Credit Facility, the New Secured Notes, and the Second Lien Notes [Member] | Real Property [Member]
Debt Instrument, Collateral Amount		470,000					470,000
The Secured Credit Facility, the New Secured Notes, and the Second Lien Notes [Member] | Equity Interests in Joint Venture Holding Companies Collateral [Member]
Debt Instrument, Collateral Amount		$ 96,300					$ 96,300
The 10.0% Senior Secured 1.75 Lien Notes due 2025 [Member] | After November 15, 2023 [Member]
Debt Instrument, Interest Rate, Stated Percentage		10%					10%
Debt Instrument, Redemption Price, Percentage							100%
The 10.0% Senior Secured 1.75 Lien Notes due 2025 [Member] | Before Nov 15, 2023 [Member]
Debt Instrument, Redemption Price, Percentage							102.50%
The 10.0% Senior Secured 1.75 Lien Notes due 2025 [Member] | Senior Secured Notes [Member]
Debt Instrument, Interest Rate, Stated Percentage		10%					10%	10%					10%
Gain (Loss) on Extinguishment of Debt							$ 200
Debt Instrument, Repurchased Face Amount													$ 45,000
Debt Instrument, Repurchase Amount													$ 46,700
The 8.0% Senior Notes Due 2027 [Member] | Senior Secured Notes [Member]
Debt Instrument, Redeemed, Face Amount		$ 26,000					$ 26,000
Debt Instrument, Interest Rate, Stated Percentage		8%					8%
Debt Instrument, Redemption Price, Percentage		100%
The 8.0% Senior Notes Due 2027 [Member] | Unsecured Senior Notes [Member]
Debt Instrument, Redeemed, Face Amount		$ 26,000					$ 26,000
Debt Instrument, Interest Rate, Stated Percentage		8%					8%	8%
Debt Instrument, Face Amount								$ 26,000
The 7.75% Senior Secured 1.125 Lien Notes due February 15, 2026 [Member] | Senior Secured Notes [Member]
Debt Instrument, Redeemed, Face Amount			50,000	$ 100,000	$ 100,000
Debt Instrument, Interest Rate, Stated Percentage		7.75%			7.75%		7.75%	7.75%
Repayments of Senior Debt			$ 51,500	102,200	$ 104,200
Gain (Loss) on Extinguishment of Debt				$ (3,800)			$ (4,100)
The 8.0% Senior Secured 1.125 Lien Notes Due 2028 [Member] | Senior Secured Notes [Member]
Debt Instrument, Interest Rate, Stated Percentage		8%	8%				8%
Proceeds from Issuance of Secured Debt			$ 225,000
The 11.75% Senior Secured 1.25 Lien Notes Due 2029 [Member] | Senior Secured Notes [Member]
Debt Instrument, Interest Rate, Stated Percentage		11.75%	11.75%				11.75%
Proceeds from Issuance of Secured Debt			$ 430,000
The 11.75% Senior Secured 1.25 Lien Notes Due 2029 [Member] | Senior Secured Notes [Member] | Principal Commencing September 30, 2027 [Member]
Debt Instrument, Redemption Price, Percentage							102.9375%
The 11.75% Senior Secured 1.25 Lien Notes Due 2029 [Member] | Senior Secured Notes [Member] | Redeemable Prior to March 30, 2026 [Member]
Debt Instrument, Redemption Price, Percentage							100%
Debt Instrument, Redemption Price, Percentage of Principal Amount Redeemed							35%
The 11.75% Senior Secured 1.25 Lien Notes Due 2029 [Member] | Senior Secured Notes [Member] | Principal Commencing March 30, 2026 [Member]
Debt Instrument, Redemption Price, Percentage							105.875%
The 11.75% Senior Secured 1.25 Lien Notes Due 2029 [Member] | Senior Secured Notes [Member] | Principal Commencing September 30, 2028 [Member]
Debt Instrument, Redemption Price, Percentage							100%
The 10.5% Senior Secured 1.25 Lien Notes due February 15, 2026 [Member] | Senior Secured Notes [Member]
Debt Instrument, Redeemed, Face Amount			$ 282,300
Debt Instrument, Interest Rate, Stated Percentage		10.50%	10.50%				10.50%	10.50%
Repayments of Senior Debt			$ 293,900
The 10.5% Senior Secured 1.25 Lien Notes due February 15, 2026 [Member] | Senior Secured Notes [Member] | Redemption with Net Cash Proceeds from Certain Equity Offerings [Member]
Debt Instrument, Redemption Price, Percentage							111.75%
The 11.25% Senior Secured 1.5 Lien Notes due February 15, 2026 [Member] | Senior Secured Notes [Member]
Debt Instrument, Redeemed, Face Amount			$ 162,300
Debt Instrument, Interest Rate, Stated Percentage		11.25%	11.25%				11.25%	11.25%
Repayments of Senior Debt			$ 164,800
The 7.75% 2026 Notes [Member] | Senior Secured Notes [Member]
Debt Instrument, Redeemed, Face Amount						$ 100,000
Gain (Loss) on Extinguishment of Debt							$ (6,800)
Repayments of Secured Debt						$ 105,500
Senior Secured Revolving Credit Facility [Member]
Line of Credit Facility, Maximum Borrowing Capacity		$ 125,000					$ 125,000
Line of Credit Facility, Unused Commitment Fee Rate		1%					1%
Senior Secured Revolving Credit Facility [Member] | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]
Line of Credit Facility, Variable Rate Floor		3%					3%
Line of Credit Facility, Applicable Margin		4.50%					4.50%
Senior Secured Revolving Credit Facility [Member] | Alternate Base Rate [Member]
Line of Credit Facility, Variable Rate Floor		4%					4%
Line of Credit Facility, Applicable Margin		3.50%					3.50%
The 8.0% Senior Secured 1.125 Lien Notes Due September 30, 2028 [Member] | Senior Secured Notes [Member]
Debt Instrument, Interest Rate, Stated Percentage		8%					8%
The 8.0% Senior Secured 1.125 Lien Notes Due September 30, 2028 [Member] | Senior Secured Notes [Member] | Redeemable Prior to September 30, 2025 [Member]
Debt Instrument, Redemption Price, Percentage							100%
Debt Instrument, Redemption Price, Percentage of Principal Amount Redeemed							35%
The 8.0% Senior Secured 1.125 Lien Notes Due September 30, 2028 [Member] | Senior Secured Notes [Member] | Principal Commencing September 30, 2025 [Member]
Debt Instrument, Redemption Price, Percentage							104%
The 8.0% Senior Secured 1.125 Lien Notes Due September 30, 2028 [Member] | Senior Secured Notes [Member] | Principal Commencing September 30, 2026 [Member]
Debt Instrument, Redemption Price, Percentage							102%
The 8.0% Senior Secured 1.125 Lien Notes Due September 30, 2028 [Member] | Senior Secured Notes [Member] | Principal Commencing September 30, 2027 [Member]
Debt Instrument, Redemption Price, Percentage							100%
The 8.0% Senior Secured 1.125 Lien Notes Due September 30, 2028 [Member] | Senior Secured Notes [Member] | Redemption with Net Cash Proceeds from Certain Equity Offerings [Member]
Debt Instrument, Redemption Price, Percentage							108%
Senior Secured 1.75 Lien Term Loan Credit Facility Due January 31, 2028 [Member]
Debt Instrument, Interest Rate, Stated Percentage		10%					10%
Senior Secured 1.75 Lien Term Loan Credit Facility Due January 31, 2028 [Member] | After November 15, 2023 [Member]
Debt Instrument, Redemption Price, Percentage							100%
Senior Secured 1.75 Lien Term Loan Credit Facility Due January 31, 2028 [Member] | Before Nov 15, 2023 [Member]
Debt Instrument, Redemption Price, Percentage							102.50%
The 13.5% Senior Notes Due 2026 [Member] | Unsecured Senior Notes [Member]
Debt Instrument, Interest Rate, Stated Percentage		13.50%					13.50%	13.50%
The 13.5% Senior Notes Due 2026 [Member] | Unsecured Senior Notes [Member] | Debt Instrument, Redemption, Period One [Member]
Debt Instrument, Redemption Price, Percentage							100%
The 13.5% Senior Notes Due 2026 [Member] | Unsecured Senior Notes [Member] | Debt Instrument, Redemption, Period Two [Member]
Debt Instrument, Redemption Price, Percentage							100%
The 5.0% Senior Notes due 2040 [Member] | Unsecured Senior Notes [Member]
Debt Instrument, Interest Rate, Stated Percentage		5%					5%	5%
The 5.0% Senior Notes due 2040 [Member] | Unsecured Senior Notes [Member] | Debt Instrument, Redemption, Period One [Member]
Debt Instrument, Redemption Price, Percentage							100%
Subsequent Event [Member] | The 10.0% Senior Secured 1.75 Lien Notes due 2025 [Member] | Senior Secured Notes [Member]
Debt Instrument, Redeemed, Face Amount	$ 113,500
Debt Instrument, Interest Rate, Stated Percentage	10%
Repayments of Senior Debt	$ 119,200

Note 9 - Senior Notes and Cre_4

Note 9 - Senior Notes and Credit Facilities - Senior Notes and Credit Facilities Balances (Details) - USD ($) $ in Thousands		Oct. 31, 2023		Oct. 31, 2022
Senior debt		$ 1,070,261	[1]	$ 1,154,852
Net (discounts) premiums		(14,563)		4,079
Unamortized debt issuance costs		(4,207)		(12,384)
Total senior notes and credit facilities, net of discounts, premiums and unamortized debt issuance costs		1,051,491		1,146,547
Senior Secured Notes [Member]
Senior debt		768,502		853,093
Unsecured Senior Notes [Member]
Senior debt		180,710		180,710
Senior Unsecured Term Loan Credit Facility Due 2027 [Member]
Senior debt		39,551		39,551
Senior Secured Revolving Credit Facility [Member]
Senior debt	[2]	0		0
The 10.0% Senior Secured 1.75 Lien Notes due 2025 [Member] | Senior Secured Notes [Member]
Senior debt	[3]	113,502		158,502
The 7.75% Senior Secured 1.125 Lien Notes due February 15, 2026 [Member] | Senior Secured Notes [Member]
Senior debt		0		250,000
The 10.5% Senior Secured 1.25 Lien Notes due February 15, 2026 [Member] | Senior Secured Notes [Member]
Senior debt		0		282,322
The 11.25% Senior Secured 1.5 Lien Notes due February 15, 2026 [Member] | Senior Secured Notes [Member]
Senior debt		0		162,269
The 8.0% Senior Secured 1.125 Lien Notes Due 2028 [Member] | Senior Secured Notes [Member]
Senior debt		225,000		0
The 11.75% Senior Secured 1.25 Lien Notes Due 2029 [Member] | Senior Secured Notes [Member]
Senior debt		430,000		0
The 8.0% Senior Notes Due 2027 [Member] | Unsecured Senior Notes [Member]
Senior debt	[4]	0		0
The 13.5% Senior Notes Due 2026 [Member] | Unsecured Senior Notes [Member]
Senior debt		90,590		90,590
The 5.0% Senior Notes due 2040 [Member] | Unsecured Senior Notes [Member]
Senior debt		90,120		90,120
The 10.0% Senior Secured 1.75 Lien Term Loans Due 2028 [Member] | Senior Secured Term Loan [Member]
Senior debt		$ 81,498		$ 81,498
[1]Does not include our $125.0 million Senior Secured Revolving Credit Facility under which there were no borrowings outstanding as of October 31, 2023.[2]At October 31, 2023, provides for up to $125.0 million in aggregate amount of senior secured first lien revolving loans. The revolving loans thereunder have a maturity of June 30, 2026 and borrowings bear interest, at K. Hovnanian’s option, at either (i) a term secured overnight financing rate (subject to a floor of 3.00%) plus an applicable margin of 4.50% or (ii) an alternate base rate (subject to a floor of 4.00%) plus an applicable margin of 3.50%. In addition, K. Hovnanian will pay an unused commitment fee on the undrawn revolving commitments at a rate of 1.00% per annum.[3]On November 15, 2023, K. Hovnanian redeemed all of its $113.5 million aggregate principal amount of 10.0% Senior Secured 1.75 Lien Notes due November 15, 2025.[4]At October 31, 2022, $26.0 million of 8.0% Senior Notes due 2027 (the “8.0% 2027 Notes”) were owned by a wholly owned consolidated subsidiary of HEI. Therefore, in accordance with U.S. GAAP, such notes were not reflected on the Consolidated Balance Sheets of HEI. On October 31, 2023, K. Hovnanian redeemed all of the $26.0 million aggregate principal amount of its 8.0% 2027 Notes.

Note 9 - Senior Notes and Cre_5

Note 9 - Senior Notes and Credit Facilities - Senior Notes and Credit Facilities Balances (Details) (Parentheticals)	12 Months Ended
	Oct. 31, 2023	Oct. 31, 2022	Oct. 05, 2023	Sep. 07, 2023	May 30, 2023
Senior Unsecured Term Loan Credit Facility Due 2027 [Member]
Debt Instrument, Maturity Date	Feb. 01, 2027	Feb. 01, 2027
The 10.0% Senior Secured 1.75 Lien Notes due 2025 [Member] | Senior Secured Notes [Member]
Debt Instrument, Interest Rate, Stated Percentage	10%	10%		10%
Debt Instrument, Maturity Date	Nov. 15, 2025	Nov. 15, 2025
The 7.75% Senior Secured 1.125 Lien Notes due February 15, 2026 [Member] | Senior Secured Notes [Member]
Debt Instrument, Interest Rate, Stated Percentage	7.75%	7.75%			7.75%
Debt Instrument, Maturity Date	Feb. 15, 2026	Feb. 15, 2026
The 10.5% Senior Secured 1.25 Lien Notes due February 15, 2026 [Member] | Senior Secured Notes [Member]
Debt Instrument, Interest Rate, Stated Percentage	10.50%	10.50%	10.50%
Debt Instrument, Maturity Date	Feb. 15, 2026	Feb. 15, 2026
The 11.25% Senior Secured 1.5 Lien Notes due February 15, 2026 [Member] | Senior Secured Notes [Member]
Debt Instrument, Interest Rate, Stated Percentage	11.25%	11.25%	11.25%
Debt Instrument, Maturity Date	Feb. 15, 2026	Feb. 15, 2026
The 8.0% Senior Secured 1.125 Lien Notes Due 2028 [Member] | Senior Secured Notes [Member]
Debt Instrument, Interest Rate, Stated Percentage	8%		8%
Debt Instrument, Maturity Date	Sep. 30, 2028
The 11.75% Senior Secured 1.25 Lien Notes Due 2029 [Member] | Senior Secured Notes [Member]
Debt Instrument, Interest Rate, Stated Percentage	11.75%		11.75%
Debt Instrument, Maturity Date	Sep. 30, 2029
The 8.0% Senior Notes Due 2027 [Member] | Senior Secured Notes [Member]
Debt Instrument, Interest Rate, Stated Percentage	8%
The 8.0% Senior Notes Due 2027 [Member] | Unsecured Senior Notes [Member]
Debt Instrument, Interest Rate, Stated Percentage	8%	8%
Debt Instrument, Maturity Date	Nov. 01, 2027	Nov. 01, 2027
The 13.5% Senior Notes Due 2026 [Member] | Unsecured Senior Notes [Member]
Debt Instrument, Interest Rate, Stated Percentage	13.50%	13.50%
Debt Instrument, Maturity Date	Feb. 01, 2026	Feb. 01, 2026
The 5.0% Senior Notes due 2040 [Member] | Unsecured Senior Notes [Member]
Debt Instrument, Interest Rate, Stated Percentage	5%	5%
Debt Instrument, Maturity Date	Feb. 01, 2040	Feb. 01, 2040
The 10.0% Senior Secured 1.75 Lien Term Loans Due 2028 [Member] | Senior Secured Term Loan [Member]
Debt Instrument, Maturity Date	Jan. 31, 2028	Jan. 31, 2028

Note 9 - Senior Notes and Cre_6

Note 9 - Senior Notes and Credit Facilities - Future Maturities of Borrowings (Details) - USD ($) $ in Thousands		Oct. 31, 2023		Oct. 31, 2022
2024	[1]	$ 0
2025	[1]	0
2026 (2)	[2]	204,092
2027		39,551
2028		306,498
Thereafter	[1]	520,120
Total		$ 1,070,261	[1]	$ 1,154,852
[1]Does not include our $125.0 million Senior Secured Revolving Credit Facility under which there were no borrowings outstanding as of October 31, 2023.[2]On November 15, 2023, K. Hovnanian redeemed all of its $113.5 million aggregate principal amount of 10.0% Senior Secured 1.75 Lien Notes due November 15, 2025.

Note 10 - Operating and Repor_3

Note 10 - Operating and Reporting Segments (Details Textual) $ in Thousands		12 Months Ended
		Oct. 31, 2023 USD ($)	Oct. 31, 2022 USD ($)	Oct. 31, 2021 USD ($)
Number of States in which Entity Operates		13
Real Estate Inventory Expense Not Eligible for Capitalization	[1],[2]	$ 54,082	$ 47,343	$ 77,716
Gain (Loss) on Extinguishment of Debt		(25,638)	(6,795)	(3,748)
Qualifying Assets Not Exceeding Debt [Member]
Real Estate Inventory Expense Not Eligible for Capitalization		17,700	28,600	57,100
Corporate, Non-Segment [Member]
General and Administrative Expense		103,200	102,600	106,700
Gain (Loss) on Extinguishment of Debt		(25,600)	(6,800)	(3,700)
Other Nonoperating Income (Expense)		(12,700)	(6,500)	(800)
Corporate, Non-Segment [Member] | Qualifying Assets Not Exceeding Debt [Member]
Real Estate Inventory Expense Not Eligible for Capitalization		$ 17,700	$ 28,600	$ 57,100
Homebuilding [Member]
Number of Reportable Segments		3
[1]Cash paid for interest, net of capitalized interest, is the sum of other interest expensed, as defined above, and interest paid by our mortgage and finance subsidiaries adjusted for the change in accrued interest on notes payable, which is calculated as follows:[2]Other interest expensed includes interest that does not qualify for interest capitalization because our assets that qualify for interest capitalization (inventory under development) do not exceed our debt, which amounted to $2.6 million and $5.0 million for the three months ended July 31, 2023 and 2022, respectively, and $14.5 million and $25.5 million for the nine months ended July 31, 2023 and 2022, respectively. Other interest also includes interest on completed homes, land in planning and fully developed lots without homes under construction, which does not qualify for capitalization and therefore is expensed as incurred. This component of other interest was $10.9 million and $4.6 million for the three months ended July 31, 2023 and 2022, respectively, and $28.6 million and $9.9 million for the nine months ended July 31, 2023 and 2022, respectively.

Note 10 - Operating and Repor_4

Note 10 - Operating and Reporting Segments - Financial Information Relating to Segment Operations (Details) - USD ($) $ in Thousands		12 Months Ended
		Oct. 31, 2023	Oct. 31, 2022	Oct. 31, 2021
Revenues		$ 2,756,016	$ 2,922,231	$ 2,782,857
Income (loss) before income taxes		255,951	319,753	189,861
Assets		2,492,940	2,562,030
Investments in and advances to unconsolidated joint ventures		97,886	74,940
Total interest expense, net		134,902	132,370	161,781
Total depreciation		8,798	5,457	5,280
Net additions to operating properties and equipment		18,821	12,592	5,942
Income from unconsolidated joint ventures		43,160	29,033	8,849
Corporate, Non-Segment [Member]
Revenues		10,789	1,017	19
Income (loss) before income taxes	[1]	(133,764)	(144,471)	(166,705)
Assets		820,466	741,555
Investments in and advances to unconsolidated joint ventures		1,363	1,874
Total interest expense, net		17,707	28,572	57,085
Total depreciation		2,677	2,321	1,783
Net additions to operating properties and equipment		14,241	8,646	3,241
Homebuilding [Member]
Revenues		2,695,928	2,860,691	2,701,165
Assets		2,021,436	2,061,244
Investments in and advances to unconsolidated joint ventures		97,886	74,940
Homebuilding [Member] | Operating Segments [Member]
Revenues		2,685,139	2,859,674	2,701,146
Income (loss) before income taxes		370,350	445,103	319,003
Assets		1,503,803	1,664,482
Investments in and advances to unconsolidated joint ventures		96,523	73,066
Total interest expense, net		117,194	104,011	104,731
Total depreciation		6,121	3,131	3,484
Net additions to operating properties and equipment		3,540	3,918	2,701
Homebuilding [Member] | Northeast [Member] | Operating Segments [Member]
Revenues		968,851	1,085,081	871,091
Income (loss) before income taxes		178,516	177,406	102,896
Assets		483,784	530,884
Investments in and advances to unconsolidated joint ventures		56,758	20,241
Total interest expense, net		32,071	31,552	30,212
Total depreciation		4,352	1,542	1,459
Net additions to operating properties and equipment		1,678	1,848	1,271
Income from unconsolidated joint ventures		27,253	12,674	2,958
Homebuilding [Member] | Southeast [Member] | Operating Segments [Member]
Revenues		420,296	323,961	285,658
Income (loss) before income taxes		77,750	60,178	17,764
Assets		286,701	330,894
Investments in and advances to unconsolidated joint ventures		35,262	52,651
Total interest expense, net		20,055	17,403	19,490
Total depreciation		444	291	214
Net additions to operating properties and equipment		263	229	256
Income from unconsolidated joint ventures		15,696	16,359	2,061
Homebuilding [Member] | West [Member] | Operating Segments [Member]
Revenues		1,295,992	1,450,632	1,544,397
Income (loss) before income taxes		114,084	207,519	198,343
Assets		733,318	802,704
Investments in and advances to unconsolidated joint ventures		4,503	174
Total interest expense, net		65,068	55,056	55,029
Total depreciation		1,325	1,298	1,811
Net additions to operating properties and equipment		1,599	1,841	1,174
Income from unconsolidated joint ventures		211	0	3,830
Financial Services [Member]
Revenues		60,088	61,540	81,692
Assets		168,671	155,993
Financial Services [Member] | Operating Segments [Member]
Revenues		60,088	61,540	81,692
Income (loss) before income taxes		19,365	19,121	37,563
Assets		168,671	155,993
Financial services interest expense	[2]	1	(213)	(35)
Total depreciation		0	5	13
Net additions to operating properties and equipment		$ 1,040	$ 28	$ 0
[1]Corporate and unallocated for the year ended October 31, 2023 included corporate general and administrative expenses of $103.2 million, interest expense of $17.7 million (a component of Other interest in our Consolidated Statements of Operations), loss on extinguishment of debt of $25.6 million and $(12.7) million of other (income) expenses, net. Corporate and unallocated for the year ended October 31, 2022 included corporate general and administrative expenses of $102.6 million, interest expense of $28.6 million, loss on extinguishment of debt of $6.8 million and $6.5 million of other (income) expenses, net. Corporate and unallocated for the year ended October 31, 2021 included corporate general and administrative expenses of $106.7 million, interest expense of $57.1 million, loss on extinguishment of debt of $3.7 million and $(0.8) million of other (income) expenses, net.[2]Financial services interest expense (income) is included in Financial services revenue or expense in the Consolidated Statements of Operations.

Note 11 - Income Taxes (Details

Note 11 - Income Taxes (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Oct. 31, 2023	Oct. 31, 2022	Oct. 31, 2021
Income Tax Expense (Benefit)	$ 50,060	$ 94,263	$ (417,956)
Deferred Tax Assets, Net	302,833	344,793
Deferred Tax Assets, Valuation Allowance	71,879	95,727
Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued	0	100
Unrecognized Tax Benefits, Income Tax Penalties and Interest Expense	$ 131	128	84
Open Tax Year	2019 2020 2021 2022
Domestic Tax Authority [Member]
Operating Income (Loss)	$ (221,200)	(306,000)	(173,800)
Operating Income (Loss), Tax Effect	46,400	64,300	36,500
Income Tax Expense (Benefit)	46,821	60,064	(335,608)
Deferred Tax Assets, Net	228,723	275,545
Domestic Tax Authority [Member] | Between 2030 and 2038 [Member]
Operating Loss Carryforwards	688,300
Domestic Tax Authority [Member] | Indefinite Tax Period [Member]
Operating Loss Carryforwards	15,700
State and Local Jurisdiction [Member]
Operating Income (Loss)	(113,300)	(80,100)	(55,700)
Operating Income (Loss), Tax Effect	8,300	5,800	3,900
Income Tax Expense (Benefit)	3,239	34,199	$ (82,348)
Operating Loss Carryforwards	2,100,000
Deferred Tax Assets, Net	74,110	$ 69,248
State and Local Jurisdiction [Member] | Indefinite Tax Period [Member]
Operating Loss Carryforwards	52,100
State and Local Jurisdiction [Member] | Between 2024 and 2028 [Member]
Operating Loss Carryforwards	586,100
State and Local Jurisdiction [Member] | Between 2029 and 2033 [Member]
Operating Loss Carryforwards	1,100,000
State and Local Jurisdiction [Member] | Between 2034 and 2038 [Member]
Operating Loss Carryforwards	348,800
State and Local Jurisdiction [Member] | Between 2039 Through 2043 [Member]
Operating Loss Carryforwards	$ 8,700

Note 11 - Income Taxes - Income

Note 11 - Income Taxes - Income Taxes Payable (Details) - USD ($) $ in Thousands	Oct. 31, 2023	Oct. 31, 2022
Deferred	$ (302,833)	$ (344,793)
Total	(300,972)	(341,626)
State and Local Jurisdiction [Member]
Current	1,861	3,167
Deferred	(74,110)	(69,248)
Domestic Tax Authority [Member]
Current	0	0
Deferred	$ (228,723)	$ (275,545)

Note 11 - Income Taxes - Provis

Note 11 - Income Taxes - Provision for Income Taxes (Details) - USD ($) $ in Thousands		12 Months Ended
		Oct. 31, 2023	Oct. 31, 2022	Oct. 31, 2021
Federal (1)	[1]	$ 0	$ 0	$ 0
State (2)	[2]	8,101	13,377	7,722
Total current income tax expense:		8,101	13,377	7,722
Federal		46,821	60,064	(335,608)
State		(4,862)	20,822	(90,070)
Total deferred income tax expense (benefit):		41,959	80,886	(425,678)
Total		$ 50,060	$ 94,263	$ (417,956)
[1]The current federal income tax expense is net of the use of federal net operating losses totaling $221.2 million (tax effected $46.4 million), $306.0 million (tax effected $64.3 million) and $173.8 million (tax effected $36.5 million) for the years ended October 31, 2023, 2022 and 2021, respectively.[2]The current state income tax expense is net of the use of state net operating losses totaling $113.3 million (tax effected $8.3 million), $80.1 million (tax effected $5.8 million) and $55.7 million (tax effected $3.9 million) for the years ended October 31, 2023, 2022 and 2021, respectively.

Note 11 - Income Taxes - Deferr

Note 11 - Income Taxes - Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Oct. 31, 2023	Oct. 31, 2022
Inventory impairments	$ 26,168	$ 30,772
Uniform capitalization of overhead	3,692	4,285
Warranty and legal reserves	4,439	5,668
Compensation	11,377	13,746
Deferred income	1,167	2,425
Interest expense	4,939	3,646
Restricted stock units	2,069	1,628
Provision for losses	18,349	17,700
Federal net operating losses	147,841	194,306
State net operating losses	136,257	150,832
Tax credit carryforwards	21,260	12,254
Other	3,688	5,005
Total deferred tax assets	381,455	443,085
Joint venture income	(6,743)	(2,565)
Total deferred tax liabilities	(6,743)	(2,565)
Valuation allowance	(71,879)	(95,727)
Deferred tax assets, net	302,833	344,793
Share-Based Payment Arrangement, Option [Member]
Restricted stock units	$ 209	$ 818

Note 11 - Income Taxes - Effect

Note 11 - Income Taxes - Effective Tax Rate (Details)	12 Months Ended
	Oct. 31, 2023	Oct. 31, 2022	Oct. 31, 2021
Federal statutory income tax rate	21%	21%	21%
State income taxes, net of federal income tax benefit	6.20%	9.80%	4%
Permanent differences, net	0.90%	0.80%	3.60%
Deferred tax asset valuation allowance impact	(6.30%)	0%	(248.50%)
Tax contingencies	(0.10%)	(0.10%)	(0.20%)
Tax credits	(2.20%)	0%	0%
Adjustments to prior years’ tax accruals	0.10%	(2.00%)	0%
Effective tax rate	19.60%	29.50%	(220.10%)

Note 11 - Income Taxes - Unreco

Note 11 - Income Taxes - Unrecognized Benefits (Details) - USD ($) $ in Millions	12 Months Ended
	Oct. 31, 2023	Oct. 31, 2022
Unrecognized tax benefit—November 1,	$ 0.2	$ 0.5
Gross increases—tax positions in current period	0	0
Lapse of statute of limitations	(0.2)	(0.3)
Unrecognized tax benefit—October 31,	$ 0	$ 0.2

Note 12 - Reduction of Invent_3

Note 12 - Reduction of Inventory to Fair Value (Details Textual) $ in Millions	12 Months Ended
	Oct. 31, 2023 USD ($)	Oct. 31, 2022 USD ($)	Oct. 31, 2021 USD ($)
Impairment of Real Estate		$ 8.4	$ 2
Land Option Write Offs	$ 1.5	$ 5.7	$ 1.6
Homebuilding [Member]
Number of Communities Evaluated for Impairment	380	374
Number of Communities Impaired		1	3
Number of Communities Performed Detailed Impairment Calculations		1
Carrying Value of Communities Tested for Impairment		$ 10.6	$ 11.5
Impairment of Real Estate		8.4	2
Land Option Write Offs	$ 1.5	$ 5.7	$ 1.6

Note 12 - Reduction of Invent_4

Note 12 - Reduction of Inventory to Fair Value - Inventory Impairments by Homebuilding Segment (Details) $ in Millions		12 Months Ended
		Oct. 31, 2022 USD ($)	Oct. 31, 2021 USD ($)
Dollar amount of impairment		$ 8.4	$ 2
Homebuilding [Member]
Number of communities		1	3
Dollar amount of impairment		$ 8.4	$ 2
Pre-impairment value	[1]	$ 10.6	$ 11.5
Homebuilding [Member] | Northeast [Member]
Number of communities		0	0
Dollar amount of impairment		$ 0	$ 0
Pre-impairment value	[1]	$ 0	$ 0
Homebuilding [Member] | Southeast [Member]
Number of communities		0	2
Dollar amount of impairment		$ 0	$ 1.2
Pre-impairment value	[1]	$ 0	$ 9.2
Homebuilding [Member] | West [Member]
Number of communities		1	1
Dollar amount of impairment		$ 8.4	$ 0.8
Pre-impairment value	[1]	$ 10.6	$ 2.3
[1]Represents carrying value, net of prior period impairments, if any, at the time of recording the applicable period's impairments.

Note 12 - Reduction of Invent_5

Note 12 - Reduction of Inventory to Fair Value - Write-offs and Lots Walked Away From (Details) - USD ($) $ in Millions	12 Months Ended
	Oct. 31, 2023	Oct. 31, 2022	Oct. 31, 2021
Amount of write-offs	$ 1.5	$ 5.7	$ 1.6
Homebuilding [Member]
Amount of write-offs	1.5	5.7	1.6
Homebuilding [Member] | Northeast [Member]
Amount of write-offs	0.5	0.4	0.3
Homebuilding [Member] | Southeast [Member]
Amount of write-offs	0.5	0.9	0.2
Homebuilding [Member] | West [Member]
Amount of write-offs	$ 0.5	$ 4.4	$ 1.1

Note 13 - Per Share Calculati_3

Note 13 - Per Share Calculations (Details Textual) - shares shares in Millions	12 Months Ended
	Oct. 31, 2023	Oct. 31, 2022	Oct. 31, 2021
Out of the Money Stock Options [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in shares)	6	26	25

Note 13 - Per Share Calculati_4

Note 13 - Per Share Calculations - Basic and Diluted Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Oct. 31, 2023	Oct. 31, 2022	Oct. 31, 2021
Net income	$ 205,891	$ 225,490	$ 607,817
Less: preferred stock dividends	(10,675)	(10,675)	0
Less: undistributed earnings allocated to participating securities	(16,027)	(19,702)	(57,676)
Numerator for basic earnings per share	179,189	195,113	550,141
Plus: undistributed earnings allocated to participating securities	16,027	19,702	57,676
Less: undistributed earnings reallocated to participating securities	(16,058)	(19,717)	(58,687)
Numerator for diluted earnings per share	$ 179,158	$ 195,098	$ 549,130
Denominator for basic earnings per share – weighted average shares outstanding (in shares)	6,230	6,437	6,287
Stock-based payments (in shares)	436	291	108
Denominator for diluted earnings per share – weighted-average shares outstanding (in shares)	6,666	6,728	6,395
Basic earnings per share (in dollars per share)	$ 28.76	$ 30.31	$ 87.5
Diluted earnings per share (in dollars per share)	$ 26.88	$ 29	$ 85.86

Note 14 - Capital Stock (Detail

Note 14 - Capital Stock (Details Textual) $ / shares in Units, $ in Thousands		12 Months Ended
	Jul. 12, 2005 $ / shares shares	Oct. 31, 2023 USD ($) $ / shares shares	Oct. 31, 2022 USD ($) $ / shares shares	Oct. 31, 2021 USD ($) shares	Sep. 01, 2022 USD ($)	Jan. 11, 2018	Aug. 15, 2008	Jul. 03, 2001 shares
Common Stock Dividends Percent of Increase from Class A to Class B		110%
Conversion of Stock From Class B to Class A Conversion Ratio		1
Shareholder Ownership Percentage of Increase						50%
Preferred Stock, Shares Issued, Total (in shares) | shares		5,600	5,600
Preferred Stock, Depositary Shares, Number of Shares of Preferred Stock in Each Depositary Share (in shares) | shares	0.001
Payments of Dividends | $		$ 10,675	$ 10,675	$ 0
Defined Contribution Plan, Employer Discretionary Contribution Amount | $		$ 8,200	$ 8,300	$ 7,000
Treasury Stock, Shares, Acquired (in shares) | shares		118,478	312,471	0
Treasury Stock, Value, Acquired, Cost Method | $		$ 4,800	$ 12,222
Shares Acquired, Average Cost Per Share (in dollars per share) | $ / shares		$ 40.51	$ 39.12
Minimum [Member]
Shareholder Ownership Percentage						5%
Common Class A [Member]
Common Stock Voting Rights Votes per Share Number		1
Shareholder Ownership Percentage							4.90%
Number of Rights							1
Shareholders Pre Existing Ownership Percentage						5%
Shareholders Current Ownership Percentage						5%
Shareholders Ownership Percentage on Transfers						5%
Shareholders Ownership Percentage Threshold						5%
Stock Repurchase Program, Number of Shares Authorized to be Repurchased (in shares) | shares								200,000
Stock Repurchase Program, Authorized Amount | $					$ 50,000
Stock Repurchase Program, Remaining Authorized Repurchase Amount | $		$ 33,000
Common Class B [Member]
Common Stock Voting Rights Votes per Share Number		10
Preferred Class A [Member]
Preferred Stock, Shares Issued, Total (in shares) | shares	5,600
Preferred Stock, Dividend Rate, Percentage	7.625%
Preferred Stock, Liquidation Preference Per Share (in dollars per share) | $ / shares	$ 25,000

Note 15 - Share-based Compens_3

Note 15 - Share-based Compensation Plans (Details Textual) $ / shares in Units, $ in Thousands	12 Months Ended
	Oct. 31, 2023 USD ($) $ / shares shares	Oct. 31, 2022 USD ($) $ / shares shares	Oct. 31, 2021 USD ($) $ / shares shares	Oct. 31, 2020
Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Shares Authorized (in shares)	300,000
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Gross (in shares)	0	0	0
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercises in Period, Intrinsic Value | $	$ 200	$ 200	$ 4,800
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Vested and Expected to Vest, Outstanding, Weighted Average Exercise Price (in dollars per share) | $ / shares	$ 6.29	$ 16.46	$ 8.82
Share-based Compensation Arrangement by Share-based Payment Award, Participants Years of Service (Year)	15 years
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount | $	$ 16,200
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year)	1 year 7 months 6 days
Share-Based Payment Arrangement, Expense | $	$ 14,200	$ 10,300	$ 7,700
Share-Based Payment Arrangement, Expense, after Tax | $	$ 11,400	7,300	5,200
Nonemployee Director [Member]
Number of Directors	6
Share-based Compensation Arrangement by Share-based Payment Award, Post-vesting Holding Period (Year)	2 years
Share-Based Payment Arrangement, Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Installments	4
Share-Based Compensation Arrangement by Share-Based Payment Award, Expiration Period (Year)	10 years
Share-Based Payment Arrangement, Expense | $	$ 27	$ 100	$ 200
Share-Based Payment Arrangement, Option [Member] | Nonemployee Director [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Installments	3
Share-Based Payment Arrangement, Option [Member] | Share-Based Payment Arrangement, Tranche One [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period (Year)	2 years
Share-Based Payment Arrangement, Option [Member] | Share-Based Payment Arrangement, Tranche One [Member] | Nonemployee Director [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period (Year)	1 year
Share-Based Payment Arrangement, Option [Member] | Share-Based Payment Arrangement, Tranche Two [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period (Year)	3 years
Share-Based Payment Arrangement, Option [Member] | Share-Based Payment Arrangement, Tranche Two [Member] | Nonemployee Director [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period (Year)	2 years
Share-Based Payment Arrangement, Option [Member] | Share-Based Payment Arrangement, Tranche Three [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period (Year)	4 years
Share-Based Payment Arrangement, Option [Member] | Share-Based Payment Arrangement, Tranche Three [Member] | Nonemployee Director [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period (Year)	3 years
Share-Based Payment Arrangement, Option [Member] | Share-Based Payment Arrangement, Tranche Four [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period (Year)	5 years
Restricted Stock Units (RSUs) [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Shares Issued in Period (in shares)	51,296
Restricted Stock Units (RSUs) [Member] | Officers and Associates [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Installments	4
Restricted Stock Units (RSUs) [Member] | Share-Based Payment Arrangement, Tranche One [Member] | Officers and Associates [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period (Year)	1 year
Restricted Stock Units (RSUs) [Member] | Share-Based Payment Arrangement, Tranche Two [Member] | Officers and Associates [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period (Year)	2 years
Restricted Stock Units (RSUs) [Member] | Share-Based Payment Arrangement, Tranche Three [Member] | Officers and Associates [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period (Year)	3 years
Restricted Stock Units (RSUs) [Member] | Share-Based Payment Arrangement, Tranche Four [Member] | Officers and Associates [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period (Year)	4 years
Restricted Stock [Member] | Participants With Service Requirement [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Participants Age (Year)	58 years
Restricted Stock [Member] | Participants Without Service Requirement [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Participants Age (Year)	60 years
Time-based Share Units [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Vested in Period, Deferred (in shares)	27,686
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares)	63,275
Performance-based Performance Share Units (PSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Installments				4
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Vested in Period, Deferred (in shares)	149,693
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Expected Volatility Rate	66.66%	78.82%	112.44%
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Risk Free Interest Rate	4.54%	3.04%	0.16%
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Expected Dividend Rate	0%	0%	0%
Performance-based Performance Share Units (PSUs) [Member] | Share-Based Payment Arrangement, Tranche One [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period (Year)				2 years
Performance-based Performance Share Units (PSUs) [Member] | Share-Based Payment Arrangement, Tranche Two [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period (Year)				3 years
Performance-based Performance Share Units (PSUs) [Member] | Share-Based Payment Arrangement, Tranche Three [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period (Year)				4 years
Performance-based Performance Share Units (PSUs) [Member] | Share-Based Payment Arrangement, Tranche Four [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period (Year)				5 years
Performance-based Performance Share Units (PSUs) [Member] | Share-Based Payment Arrangement, Cliff Vesting [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period (Year)	3 years	3 years	3 years
LTIP Shares [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Expected Volatility Rate	75.29%	104.16%	112.92%
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Risk Free Interest Rate	4.19%	0.67%	0.16%
Share-Based Compensation Arrangement by Share-Based Payment Award, Shares Issued in Period (in shares)	32,671
LTIP Shares [Member] | Share-Based Payment Arrangement, Tranche One [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period (Year)	3 years
LTIP Shares [Member] | Share-Based Payment Arrangement, Tranche Two [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period (Year)	4 years
LTIP Shares [Member] | Share-Based Payment Arrangement, Tranche Three [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period (Year)	5 years
Market Stock Units [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares)	0	0	0
Share-based Compensation Arrangement By Share-based Compensation Award Fair Value Measurement Period (Day)	60 days
Share-Based Compensation Arrangement by Share-Based Payment Award, Shares Issued in Period (in shares)	43,268
Market Stock Units [Member] | Minimum [Member]
Percentage of Target Number of Shares Covered by MSU Awards	0%
Market Stock Units [Member] | Maximum [Member]
Percentage of Target Number of Shares Covered by MSU Awards	200%
Market Stock Units [Member] | Share-Based Payment Arrangement, Tranche One [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Installments	4
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Rights, Percentage	50%
Performance Based MSUs [Member] | Share-Based Payment Arrangement, Tranche Two [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Installments	4
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Rights, Percentage	50%
RSUs and Performance Units [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period, Grant Date Fair Value | $	$ 10,400	$ 9,600	$ 9,200
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Vested in Period, Grant Date Fair Value | $	25,200	15,600	13,700
Non Options [Member]
Share-Based Payment Arrangement, Expense | $	$ 14,200	$ 10,200	$ 7,400

Note 15 - Stock-based Compensat

Note 15 - Stock-based Compensation Plans - Stock Option Activity (Details) - USD ($)	12 Months Ended
	Oct. 31, 2023	Oct. 31, 2022	Oct. 31, 2021
Stock options outstanding (in shares)	166,559
Stock options outstanding, weighted average exercise price (in dollars per share)	$ 48.02
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Gross (in shares)	0	0	0
Granted, weighted average exercise price (in dollars per share)	$ 0
Exercised (in shares)	(4,363)
Exercised, weighted average exercise price (in dollars per share)	$ 31.14
Forfeited (in shares)	(250)
Forfeited, weighted average exercise price (in dollars per share)	$ 7.85
Expired (in shares)	(18,399)
Expired, weighted average exercise price (in dollars per share)	$ 157
Stock options outstanding (in shares)	143,547	166,559
Stock options outstanding, weighted average exercise price (in dollars per share)	$ 34.63	$ 48.02
Stock options outstanding, weighted average contractual life (Year)	4 years 4 months 24 days
Stock options outstanding, intrinsic value	$ 5,231,933
Stock options exercisable at end of period (in shares)	132,903
Stock options exercisable at end of period, weighted average exercise price (in dollars per share)	$ 36.66
Stock options exercisable, weighted average contractual life (Year)	4 years 3 months 18 days
Stock options exercisable, intrinsic value	$ 4,590,643

Note 15 - Stock-based Compens_2

Note 15 - Stock-based Compensation Plans - Non-vested Share Awards (Details)	12 Months Ended
	Oct. 31, 2023 $ / shares shares
Time-based Share Units [Member]
Nonvested, time-based (in shares) | shares	175,637
Nonvested, weighted average grant date fair value, time-based (in dollars per share) | $ / shares	$ 33.43
Granted, time-based (in shares) | shares	63,275
Granted, weighted average grant date fair value, time-based (in dollars per share) | $ / shares	$ 87.92
Vested, time-based (in shares) | shares	(97,183)	[1]
Vested, weighted average grant date fair value, time-based (in dollars per share) | $ / shares	$ 29.89	[1]
Forfeited, time-based (in shares) | shares	(9,586)
Forfeited, weighted average grant date fair value, time-based (in dollars per share) | $ / shares	$ 43.9
Nonvested, time-based (in shares) | shares	132,143
Nonvested, weighted average grant date fair value, time-based (in dollars per share) | $ / shares	$ 52.79
Performance Shares [Member]
Nonvested, time-based (in shares) | shares	507,157
Nonvested, weighted average grant date fair value, time-based (in dollars per share) | $ / shares	$ 41.14
Granted, time-based (in shares) | shares	272,567
Granted, weighted average grant date fair value, time-based (in dollars per share) | $ / shares	$ 56.09
Vested, time-based (in shares) | shares	(184,911)	[1]
Vested, weighted average grant date fair value, time-based (in dollars per share) | $ / shares	$ 42.79	[1]
Forfeited, time-based (in shares) | shares	(13,313)
Forfeited, weighted average grant date fair value, time-based (in dollars per share) | $ / shares	$ 51.39
Nonvested, time-based (in shares) | shares	581,500
Nonvested, weighted average grant date fair value, time-based (in dollars per share) | $ / shares	$ 73.9
[1]Includes 27,656 time-based vested share awards and 149,693 performance-based vested share awards which were deferred and not yet issued at October 31, 2023.

Note 16 - Warranty Costs (Detai

Note 16 - Warranty Costs (Details Textual) - USD ($) $ in Millions	12 Months Ended
	Oct. 31, 2023	Oct. 31, 2022
Increase (Decrease) In Construction Defect Reserves	$ 10.1
Payments by Insurance Companies for Claims	0.2	$ 0.2
Owner-Controlled Insurance Program for Subcontractors [Member]
Proceeds from Insurance Premiums Collected	$ 4.3	$ 6

Note 16 - Warranty Costs - Warr

Note 16 - Warranty Costs - Warranty and General Liability Reserve (Details) - USD ($) $ in Thousands	12 Months Ended
	Oct. 31, 2023	Oct. 31, 2022
Balance, beginning of period	$ 97,719	$ 94,916
Charges incurred during the period	(22,080)	(18,271)
Changes to pre-existing reserves	9,333	3,525
Balance, end of period	98,919	97,719
Selling, General and Administrative Expenses [Member]
Additions	7,140	8,495
Cost of Sales [Member]
Additions	$ 6,807	$ 9,054

Note 17 - Transactions With R_2

Note 17 - Transactions With Related Parties (Details Textual) - USD ($)	12 Months Ended
	Oct. 31, 2023	Oct. 31, 2022	Oct. 31, 2021
Tavit Najarian [Member]
Related Party Transaction, Amounts of Transaction	$ 1,300,000	$ 1,100,000	$ 600,000
Alexander Hovnanian [Member] | Cash Compensation [Member]
Related Party Transaction, Amounts of Transaction	1,008,000	1,684,000	989,000
Alexander Hovnanian [Member] | Share-based Compensation [Member]
Related Party Transaction, Amounts of Transaction	$ 825,000	$ 531,000	$ 523,000

Note 18 - Commitments and Con_2

Note 18 - Commitments and Contingent Liabilities (Details Textual) - USD ($) $ in Millions	12 Months Ended	178 Months Ended
	Oct. 31, 2023	Oct. 31, 2023
Great Notch Condominium Claims[Member]
Loss Contingency, Damages Sought, Value	$ 119.5
Spill Fund Lawsuit [Member]
Loss Contingency, Damages Sought, Value		$ 5.3

Note 19 - Variable Interest E_2

Note 19 - Variable Interest Entities (Details Textual) - USD ($) $ in Millions	Oct. 31, 2023	Oct. 31, 2022
Deposits Associated with Land and Lot Options of Unconsolidated Variable Interest Entities	$ 192.3	$ 180.8
Purchase Price Associated with Land and Lot Options of Unconsolidated Variable Interest Entities	$ 2,200	$ 1,900

Note 20 - Investments in Unco_3

Note 20 - Investments in Unconsolidated Homebuilding and Land Development Joint Ventures (Details Textual) $ in Thousands	3 Months Ended			12 Months Ended
	Jul. 31, 2023 USD ($)	Apr. 30, 2023	Jan. 31, 2023 USD ($)	Oct. 31, 2023 USD ($)	Oct. 31, 2022 USD ($)	Oct. 31, 2021 USD ($)
Number of Owned Communities Transferred to the Joint Venture	16		4
Number of Owned Active Communities Transferred to the Joint Venture	8		1
Number of New Joint Ventures	1		1
Proceeds from Transfer of Land to Joint Venture	$ 75,700		$ 41,100
Number of Unconsolidated Joint Ventures Dissolved		1
Gain on Consolidation of Joint Venture	$ 19,100			$ 19,102	$ 0	$ 0
Equity Method Investment, Other than Temporary Impairment				0	0
Revenues				2,756,016	2,922,231	2,782,857
Homebuilding [Member]
Revenues				2,695,928	2,860,691	2,701,165
Homebuilding [Member] | Management Fees [Member]
Revenues				$ 16,300	$ 12,500	11,600
Homebuilding and Land Development Joint Ventures [Member]
Number of Owned Active Communities Transferred to the Joint Venture				8	7
Homebuilding and Land Development Joint Ventures [Member] | Minimum [Member]
Equity Method Investment, Ownership Percentage				20%
Homebuilding and Land Development Joint Ventures [Member] | Maximum [Member]
Equity Method Investment, Ownership Percentage				50%
Corporate Joint Venture [Member]
Advances to Affiliate				$ 1,400	$ 1,600
Revenues				$ 783,298	$ 351,880	$ 348,589
New Unconsolidated Joint Venture [Member]
Number of New Joint Ventures	1
Proceeds from Transfer of Land to Joint Venture	$ 48,000

Note 20 - Investments in Unco_4

Note 20 - Investments in Unconsolidated Homebuilding and Land Development Joint Ventures - Unconsolidated Homebuilding and Land Development Joint Ventures (Details) - USD ($) $ in Thousands	12 Months Ended
	Oct. 31, 2023	Oct. 31, 2022	Oct. 31, 2021	Oct. 31, 2020
Assets	$ 2,492,940	$ 2,562,030
Liabilities	1,911,151	2,178,979
Hovnanian Enterprises, Inc.	581,736	383,036
Others	53	15
Total equity	581,789	383,051	$ 175,384	$ (436,094)
Total liabilities and equity	2,492,940	2,562,030
Revenues	2,756,016	2,922,231	2,782,857
Joint venture net income	205,891	225,490	607,817
Our share of net income	43,160	29,033	8,849
Corporate Joint Venture [Member]
Cash and cash equivalents	128,369	154,044
Inventories	375,022	441,140
Other assets	380,989	20,037
Assets	884,380	615,221
Accounts payable and accrued liabilities	525,191	472,464
Notes payable	101,126	34,880
Liabilities	626,317	507,344
Hovnanian Enterprises, Inc.	96,491	73,351
Others	161,572	34,526
Total equity	258,063	107,877
Total liabilities and equity	$ 884,380	$ 615,221
Debt to capitalization ratio	28%	24%
Revenues	$ 783,298	$ 351,880	348,589
Cost of sales and expenses	(654,217)	(318,825)	(335,286)
Joint venture net income	129,081	33,055	13,303
Our share of net income	43,160	29,033	8,949
Corporate Joint Venture [Member] | Homebuilding Joint Venture [Member]
Our share of net income	43,160	29,002	8,754
Corporate Joint Venture [Member] | Land Development Joint Venture [Member]
Our share of net income	0	31	195
Homebuilding Joint Venture [Member] | Corporate Joint Venture [Member]
Cash and cash equivalents	127,547	153,176
Inventories	375,022	441,140
Other assets	380,989	20,037
Assets	883,558	614,353
Accounts payable and accrued liabilities	524,586	471,813
Notes payable	101,126	34,880
Liabilities	625,712	506,693
Hovnanian Enterprises, Inc.	96,281	73,142
Others	161,565	34,518
Total equity	257,846	107,660
Total liabilities and equity	$ 883,558	$ 614,353
Debt to capitalization ratio	28%	24%
Revenues	$ 783,298	$ 351,767	347,898
Cost of sales and expenses	(654,217)	(318,788)	(335,077)
Joint venture net income	129,081	32,979	12,821
Land Development Joint Venture [Member] | Corporate Joint Venture [Member]
Cash and cash equivalents	822	868
Inventories	0	0
Other assets	0	0
Assets	822	868
Accounts payable and accrued liabilities	605	651
Notes payable	0	0
Liabilities	605	651
Hovnanian Enterprises, Inc.	210	209
Others	7	8
Total equity	217	217
Total liabilities and equity	$ 822	$ 868
Debt to capitalization ratio	0%	0%
Revenues	$ 0	$ 113	691
Cost of sales and expenses	0	(37)	(209)
Joint venture net income	$ 0	$ 76	$ 482

Note 21 - Fair Value of Finan_3

Note 21 - Fair Value of Financial Instruments (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Oct. 31, 2023	Oct. 31, 2022	Oct. 31, 2021	Oct. 01, 2023
Loans Held for Sale Mortgages Unpaid Principal	$ 130,400	$ 110,200
Impairment of Real Estate		8,400	$ 2,000
Senior Secured Revolving Credit Facility [Member]
Long-Term Line of Credit	$ 0	$ 0		$ 0
The 10.0% Senior Secured 1.75 Lien Notes due 2025 [Member] | Fair Value, Inputs, Level 2 [Member]
Debt Instrument, Interest Rate, Stated Percentage	10%
The 11.75% Senior Secured 1.25 Lien Notes Due 2029 [Member] | Fair Value, Inputs, Level 2 [Member]
Debt Instrument, Interest Rate, Stated Percentage	11.75%
Loan Origination Commitments [Member]
Loan Applications in Process	$ 517,800
Loan Origination Commitments [Member] | Maximum [Member]
Number of Days in Committment (Day)	60 days
Interest Rate Committed Loan Applications [Member]
Interest Rate Committed Loan Applications	$ 56,300

Note 21 - Fair Value of Finan_4

Note 21 - Fair Value of Financial Instruments - Financial Instruments Measured at Fair Value on a Recurring Basis (Details) - Fair Value, Recurring [Member] - USD ($) $ in Thousands		Oct. 31, 2023	Oct. 31, 2022
Total		$ 130,235	$ 111,300
Fair Value, Inputs, Level 2 [Member]
Mortgage loans held for sale	[1]	130,235	110,548
Fair Value, Inputs, Level 2 [Member] | Forward Contracts [Member]
Derivative Fair Value		$ 0	$ 752
[1]The aggregate unpaid principal balance was $130.4 million and $110.2 million at October 31, 2023 and 2022, respectively.

Note 21 - Fair Value of Finan_5

Note 21 - Fair Value of Financial Instruments - Changes in Fair Values Included in Income (Loss) (Details) - Financial Services Revenue Line Item [Member] - USD ($) $ in Thousands	12 Months Ended
	Oct. 31, 2023	Oct. 31, 2022	Oct. 31, 2021
Loans Held for Sale [Member]
Change in fair value included in financial services revenue	$ (177)	$ 385	$ 4,580
Interest Rate Lock Commitments [Member]
Change in fair value included in financial services revenue	0	0	152
Forward Contracts [Member]
Change in fair value included in financial services revenue	$ 0	$ 752	$ (107)

Note 21 - Fair Value of Finan_6

Note 21 - Fair Value of Financial Instruments - Assets Measured at Fair Value on a Nonrecurring Basis (Details) - USD ($) $ in Thousands	12 Months Ended
	Oct. 31, 2022	Oct. 31, 2021
Total losses	$ (8,400)	$ (2,000)
Land and Land Options Held for Future Development or Sale [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Nonrecurring [Member]
Pre-impairment amount	10,558
Total losses	(8,374)
Fair Value	$ 2,184

Note 21 - Fair Value of Finan_7

Note 21 - Fair Value of Financial Instruments - Fair Value of Notes (Details) - USD ($) $ in Thousands	Oct. 31, 2023	Oct. 31, 2022
Notes, Fair Value	$ 1,077,869	$ 1,108,253
Senior Secured Notes [Member] | The 10.0% Senior Secured 1.75 Lien Notes due 2025 [Member]
Notes, Fair Value	113,843	165,844
Senior Secured Notes [Member] | The 8.0% Senior Secured 1.125 Lien Notes Due 2028 [Member]
Notes, Fair Value	230,690
Senior Secured Notes [Member] | The 7.75% Senior Secured 1.125 Lien Notes due February 15, 2026 [Member]
Notes, Fair Value		240,393
Senior Secured Notes [Member] | The 11.75% Senior Secured 1.25 Lien Notes Due 2029 [Member]
Notes, Fair Value	476,655
Senior Secured Notes [Member] | The 10.5% Senior Secured 1.25 Lien Notes due February 15, 2026 [Member]
Notes, Fair Value		272,966
Senior Secured Notes [Member] | The 11.25% Senior Secured 1.5 Lien Notes due February 15, 2026 [Member]
Notes, Fair Value		162,566
Senior Notes [Member] | The 13.5% 2026 Notes [Member]
Notes, Fair Value	95,062	94,282
Senior Notes [Member] | The 5.0% 2040 Notes [Member]
Notes, Fair Value	44,843	55,654
Unsecured Senior Term Loan [Member] | Senior Unsecured Term Loan Credit Facility Due 2027 [Member]
Notes, Fair Value	35,034	31,301
Senior Secured Term Loan [Member] | The 10.0% Senior Secured 1.75 Lien Term Loans Due 2028 [Member]
Notes, Fair Value	81,742	85,247
Fair Value, Inputs, Level 1 [Member]
Notes, Fair Value	0	0
Fair Value, Inputs, Level 1 [Member] | Senior Secured Notes [Member] | The 10.0% Senior Secured 1.75 Lien Notes due 2025 [Member]
Notes, Fair Value	0	0
Fair Value, Inputs, Level 1 [Member] | Senior Secured Notes [Member] | The 8.0% Senior Secured 1.125 Lien Notes Due 2028 [Member]
Notes, Fair Value	0
Fair Value, Inputs, Level 1 [Member] | Senior Secured Notes [Member] | The 7.75% Senior Secured 1.125 Lien Notes due February 15, 2026 [Member]
Notes, Fair Value		0
Fair Value, Inputs, Level 1 [Member] | Senior Secured Notes [Member] | The 11.75% Senior Secured 1.25 Lien Notes Due 2029 [Member]
Notes, Fair Value	0
Fair Value, Inputs, Level 1 [Member] | Senior Secured Notes [Member] | The 10.5% Senior Secured 1.25 Lien Notes due February 15, 2026 [Member]
Notes, Fair Value		0
Fair Value, Inputs, Level 1 [Member] | Senior Secured Notes [Member] | The 11.25% Senior Secured 1.5 Lien Notes due February 15, 2026 [Member]
Notes, Fair Value		0
Fair Value, Inputs, Level 1 [Member] | Senior Notes [Member] | The 13.5% 2026 Notes [Member]
Notes, Fair Value	0	0
Fair Value, Inputs, Level 1 [Member] | Senior Notes [Member] | The 5.0% 2040 Notes [Member]
Notes, Fair Value	0	0
Fair Value, Inputs, Level 1 [Member] | Unsecured Senior Term Loan [Member] | Senior Unsecured Term Loan Credit Facility Due 2027 [Member]
Notes, Fair Value	0	0
Fair Value, Inputs, Level 1 [Member] | Senior Secured Term Loan [Member] | The 10.0% Senior Secured 1.75 Lien Term Loans Due 2028 [Member]
Notes, Fair Value	0	0
Fair Value, Inputs, Level 2 [Member]
Notes, Fair Value	590,498	0
Fair Value, Inputs, Level 2 [Member] | Senior Secured Notes [Member] | The 10.0% Senior Secured 1.75 Lien Notes due 2025 [Member]
Notes, Fair Value	113,843	0
Fair Value, Inputs, Level 2 [Member] | Senior Secured Notes [Member] | The 8.0% Senior Secured 1.125 Lien Notes Due 2028 [Member]
Notes, Fair Value	0
Fair Value, Inputs, Level 2 [Member] | Senior Secured Notes [Member] | The 7.75% Senior Secured 1.125 Lien Notes due February 15, 2026 [Member]
Notes, Fair Value		0
Fair Value, Inputs, Level 2 [Member] | Senior Secured Notes [Member] | The 11.75% Senior Secured 1.25 Lien Notes Due 2029 [Member]
Notes, Fair Value	476,655
Fair Value, Inputs, Level 2 [Member] | Senior Secured Notes [Member] | The 10.5% Senior Secured 1.25 Lien Notes due February 15, 2026 [Member]
Notes, Fair Value		0
Fair Value, Inputs, Level 2 [Member] | Senior Secured Notes [Member] | The 11.25% Senior Secured 1.5 Lien Notes due February 15, 2026 [Member]
Notes, Fair Value		0
Fair Value, Inputs, Level 2 [Member] | Senior Notes [Member] | The 13.5% 2026 Notes [Member]
Notes, Fair Value	0	0
Fair Value, Inputs, Level 2 [Member] | Senior Notes [Member] | The 5.0% 2040 Notes [Member]
Notes, Fair Value	0	0
Fair Value, Inputs, Level 2 [Member] | Unsecured Senior Term Loan [Member] | Senior Unsecured Term Loan Credit Facility Due 2027 [Member]
Notes, Fair Value	0	0
Fair Value, Inputs, Level 2 [Member] | Senior Secured Term Loan [Member] | The 10.0% Senior Secured 1.75 Lien Term Loans Due 2028 [Member]
Notes, Fair Value	0	0
Fair Value, Inputs, Level 3 [Member]
Notes, Fair Value	487,371	1,108,253
Fair Value, Inputs, Level 3 [Member] | Senior Secured Notes [Member] | The 10.0% Senior Secured 1.75 Lien Notes due 2025 [Member]
Notes, Fair Value	0	165,844
Fair Value, Inputs, Level 3 [Member] | Senior Secured Notes [Member] | The 8.0% Senior Secured 1.125 Lien Notes Due 2028 [Member]
Notes, Fair Value	230,690
Fair Value, Inputs, Level 3 [Member] | Senior Secured Notes [Member] | The 7.75% Senior Secured 1.125 Lien Notes due February 15, 2026 [Member]
Notes, Fair Value		240,393
Fair Value, Inputs, Level 3 [Member] | Senior Secured Notes [Member] | The 11.75% Senior Secured 1.25 Lien Notes Due 2029 [Member]
Notes, Fair Value	0
Fair Value, Inputs, Level 3 [Member] | Senior Secured Notes [Member] | The 10.5% Senior Secured 1.25 Lien Notes due February 15, 2026 [Member]
Notes, Fair Value		272,966
Fair Value, Inputs, Level 3 [Member] | Senior Secured Notes [Member] | The 11.25% Senior Secured 1.5 Lien Notes due February 15, 2026 [Member]
Notes, Fair Value		162,566
Fair Value, Inputs, Level 3 [Member] | Senior Notes [Member] | The 13.5% 2026 Notes [Member]
Notes, Fair Value	95,062	94,282
Fair Value, Inputs, Level 3 [Member] | Senior Notes [Member] | The 5.0% 2040 Notes [Member]
Notes, Fair Value	44,843	55,654
Fair Value, Inputs, Level 3 [Member] | Unsecured Senior Term Loan [Member] | Senior Unsecured Term Loan Credit Facility Due 2027 [Member]
Notes, Fair Value	35,034	31,301
Fair Value, Inputs, Level 3 [Member] | Senior Secured Term Loan [Member] | The 10.0% Senior Secured 1.75 Lien Term Loans Due 2028 [Member]
Notes, Fair Value	$ 81,742	$ 85,247

Note 21 - Fair Value of Finan_8

Note 21 - Fair Value of Financial Instruments - Fair Value of Notes (Details) (Parentheticals)	12 Months Ended
	Oct. 31, 2023	Oct. 31, 2022	Oct. 05, 2023	Sep. 07, 2023	May 30, 2023
The 10.0% Senior Secured 1.75 Lien Notes due 2025 [Member] | Senior Secured Notes [Member]
Debt Instrument, Stated Interest Rate	10%	10%		10%
Debt Instrument, Maturity Date	Nov. 15, 2025	Nov. 15, 2025
The 8.0% Senior Secured 1.125 Lien Notes Due 2028 [Member] | Senior Secured Notes [Member]
Debt Instrument, Stated Interest Rate	8%		8%
Debt Instrument, Maturity Date	Sep. 30, 2028
The 7.75% Senior Secured 1.125 Lien Notes due February 15, 2026 [Member] | Senior Secured Notes [Member]
Debt Instrument, Stated Interest Rate	7.75%	7.75%			7.75%
Debt Instrument, Maturity Date	Feb. 15, 2026	Feb. 15, 2026
The 11.75% Senior Secured 1.25 Lien Notes Due 2029 [Member] | Senior Secured Notes [Member]
Debt Instrument, Stated Interest Rate	11.75%		11.75%
Debt Instrument, Maturity Date	Sep. 30, 2029
The 10.5% Senior Secured 1.25 Lien Notes due February 15, 2026 [Member] | Senior Secured Notes [Member]
Debt Instrument, Stated Interest Rate	10.50%	10.50%	10.50%
Debt Instrument, Maturity Date	Feb. 15, 2026	Feb. 15, 2026
The 11.25% Senior Secured 1.5 Lien Notes due February 15, 2026 [Member] | Senior Secured Notes [Member]
Debt Instrument, Stated Interest Rate	11.25%	11.25%	11.25%
Debt Instrument, Maturity Date	Feb. 15, 2026	Feb. 15, 2026
The 13.5% 2026 Notes [Member] | Senior Notes [Member]
Debt Instrument, Stated Interest Rate	13.50%	13.50%
Debt Instrument, Maturity Date	Feb. 01, 2026	Feb. 01, 2026
The 5.0% 2040 Notes [Member] | Senior Notes [Member]
Debt Instrument, Stated Interest Rate	5%	5%
Debt Instrument, Maturity Date	Feb. 01, 2040	Feb. 01, 2040
Senior Unsecured Term Loan Credit Facility Due 2027 [Member] | Unsecured Senior Term Loan [Member]
Debt Instrument, Maturity Date	Feb. 01, 2027	Feb. 01, 2027
The 10.0% Senior Secured 1.75 Lien Term Loans Due 2028 [Member] | Senior Secured Term Loan [Member]
Debt Instrument, Maturity Date	Jan. 31, 2028	Jan. 31, 2028

Note 22 - Subsequent Events (De

Note 22 - Subsequent Events (Details Textual) - USD ($) $ in Thousands		12 Months Ended
	Nov. 15, 2023	Oct. 31, 2023	Oct. 31, 2022	Oct. 31, 2021	Sep. 07, 2023
Repayments of Senior Debt		$ 752,182	$ 103,875	$ 182,726
The 10.0% Senior Secured 1.75 Lien Notes due 2025 [Member] | Senior Secured Notes [Member]
Debt Instrument, Interest Rate, Stated Percentage		10%	10%		10%
Subsequent Event [Member] | The 10.0% Senior Secured 1.75 Lien Notes due 2025 [Member] | Senior Secured Notes [Member]
Debt Instrument, Redeemed, Face Amount	$ 113,500
Debt Instrument, Interest Rate, Stated Percentage	10%
Repayments of Senior Debt	$ 119,200