Hovnanian Enterprises (HOV) 10-K 18 Dec 24 2024 FY Annual report Financial data

Document And Entity Information

Document And Entity Information - USD ($)		12 Months Ended
		Oct. 31, 2024	Dec. 12, 2024	Apr. 30, 2024
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		2024
Document Type		10-K
Document Annual Report		true
Document Period End Date		Oct. 31, 2024
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		Yes
Entity Voluntary Filers		No
Entity Current Reporting Status		Yes
Entity Interactive Data Current		Yes
Entity Filer Category		Large 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				$ 727,547,193
Auditor Firm ID		34
Auditor Name		DELOITTE & TOUCHE LLP
Auditor Location		New York, New York
Preferred Stock Purchase Rights [Member]
Document Information [Line Items]
Title of 12(b) Security	[1]	Preferred Stock Purchase Rights
Security Exchange Name		NYSE
No Trading Symbol Flag		true
Common Class B [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding			729,354
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			5,326,091
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
[1]Each share of Common Stock includes an associated Preferred Stock Purchase Right. Each Preferred Stock Purchase Right initially represents the right, if such Preferred Stock Purchase Right becomes exercisable, to purchase from the Company one ten-thousandth of a share of its Series B Junior Preferred Stock for each share of Common Stock. The Preferred Stock Purchase Rights currently cannot trade separately from the underlying Common Stock.

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Oct. 31, 2024	Oct. 31, 2023
Inventories:
Investments in and advances to unconsolidated joint ventures	$ 142,910	$ 97,886
Property and equipment, net	43,431	33,946
Deferred tax assets, net	241,064	302,833
Total assets	2,605,574	2,492,940
LIABILITIES AND EQUITY
Senior notes and credit facilities (net of discounts, premiums and debt issuance costs)	896,218	1,051,491
Income taxes payable	5,479	1,861
Total liabilities	1,805,225	1,911,151
Hovnanian Enterprises, Inc. stockholders' equity:
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, 2024 and October 31, 2023	135,299	135,299
Paid in capital - common stock	749,752	735,946
Retained earnings (accumulated deficit)	74,136	(157,197)
Treasury stock - at cost – 1,090,179 shares of Class A common stock at October 31, 2024 and 901,379 shares at October 31, 2023; 27,669 shares of Class B common stock at October 31, 2024 and October 31, 2023	(158,910)	(132,382)
Total Hovnanian Enterprises, Inc. stockholders’ equity	800,349	581,736
Noncontrolling interest in consolidated joint ventures	0	53
Total equity	800,349	581,789
Total liabilities and equity	2,605,574	2,492,940
Common Class A [Member]
Hovnanian Enterprises, Inc. stockholders' equity:
Common Stock	64	62
Common Class B [Member]
Hovnanian Enterprises, Inc. stockholders' equity:
Common Stock	8	8
Home Building [Member]
ASSETS
Cash and cash equivalents	209,976	434,119
Restricted cash and cash equivalents	7,875	8,431
Inventories:
Sold and unsold homes and lots under development	1,195,318	998,841
Land and land options held for future development or sale	238,499	125,587
Consolidated inventory not owned	210,987	224,758
Total inventories	1,644,804	1,349,186
Investments in and advances to unconsolidated joint ventures	142,910	97,886
Receivables, deposits and notes, net	29,400	27,982
Property and equipment, net	43,431	33,946
Prepaid expenses and other assets	82,525	69,886
Total assets excluding deferred tax assets, net	2,160,921	2,021,436
LIABILITIES AND EQUITY
Nonrecourse mortgages secured by inventory, net of debt issuance costs	90,675	91,539
Accounts payable and other liabilities	433,273	415,480
Customers’ deposits	41,639	51,419
Liabilities from inventory not owned, net of debt issuance costs	140,298	124,254
Senior notes and credit facilities (net of discounts, premiums and debt issuance costs)	896,218	1,051,491
Accrued interest	14,508	26,926
Total liabilities excluding income taxes payable	1,616,611	1,761,109
Financial Services [Member]
Inventories:
Total assets excluding deferred tax assets, net	203,589	168,671
LIABILITIES AND EQUITY
Total liabilities excluding income taxes payable	$ 183,135	$ 148,181

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - USD ($) $ in Thousands	Oct. 31, 2024	Oct. 31, 2023
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	$ 140,000	$ 140,000
Common Class A [Member]
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	16,000,000	16,000,000
Common stock, shares issued (in shares)	6,415,794	6,247,308
Common stock, shares held in Treasury (in shares)	1,090,179	901,379
Common Class B [Member]
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	2,400,000	2,400,000
Common stock, shares issued (in shares)	757,023	776,750
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, 2024		Oct. 31, 2023		Oct. 31, 2022
Revenues		$ 3,004,918		$ 2,756,016		$ 2,922,231
Inventory impairments and land option write-offs		11,556		1,536		14,076
Corporate general and administrative		139,740		103,196		102,618
Other interest	[1]	30,752		54,082		47,343
Other (income) expenses, net		(46,203)	[2]	(17,148)	[2]	2,421
Total expenses		2,741,462		2,517,587		2,624,716
Gain (loss) on extinguishment of debt, net		1,371		(25,638)		(6,795)
Income from unconsolidated joint ventures		52,262		43,160		29,033
Income before income taxes		317,089		255,951		319,753
Total income taxes		75,081		50,060		94,263
Net income		242,008		205,891		225,490
Less: preferred stock dividends		10,675		10,675		10,675
Net income available to common stockholders		$ 231,333		$ 195,216		$ 214,815
Net income per common share (in dollars per share)		$ 34.4		$ 28.76		$ 30.31
Weighted-average number of common shares outstanding basic (in shares)		6,479		6,230		6,437
Net income per common share (in dollars per share)		$ 31.79		$ 26.88		$ 29
Weighted-average number of common shares outstanding (in shares)		7,007		6,666		6,728
State and Local Jurisdiction [Member]
Total income taxes		$ 10,851		$ 3,239		$ 34,199
Domestic Tax Authority [Member]
Total income taxes		64,230		46,821		60,064
Home Building [Member]
Revenues		2,930,854		2,695,928		2,860,691
Cost of sales, excluding interest		2,263,384		2,052,800		2,137,063
Cost of sales interest		89,807		80,820		85,240
Inventory impairments and land option write-offs		11,556		1,536		14,076
Total cost of sales		2,364,747		2,135,156		2,236,379
Selling, general and administrative		202,486		201,578		193,536
Total expenses excluding Corporate general and administrative, Other interest and Other expenses, net		2,567,233		2,336,734		2,429,915
Home Building [Member] | Sale of homes [Member]
Revenues		2,875,488		2,630,457		2,840,454
Home Building [Member] | Land Sales and Other Revenues [Member]
Revenues		55,366		65,471		20,237
Financial Services [Member]
Revenues		74,064		60,088		61,540
Total expenses excluding Corporate general and administrative, Other interest and Other expenses, net		$ 49,940		$ 40,723		$ 42,419
[1] O th e not not exceed our debt, which amounted to $ 17.7 million and $28.6 million for the years ended October 31, 2023 and 2022 October 31, 2024 not October 31, 2024 2023 2022 , respectively . 45.7 19.1 October 31, 2024 2023 respectively 20

Consolidated Statements of Op_2

Consolidated Statements of Operations (Parentheticals) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Jul. 31, 2024	Oct. 31, 2024	Oct. 31, 2023	Oct. 31, 2022
CONSOLIDATED STATEMENTS OF OPERATIONS
Gain on consolidation of joint ventures	$ (45,700)	$ (45,653)	$ (19,102)	$ 0

Consolidated Statements of Chan

Consolidated Statements of Changes in Equity (Deficit) - USD ($) $ in Thousands	Total	Common Class A [Member]	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]
Balance (in shares) at Oct. 31, 2021			5,595,734	659,207	5,600
Balance at Oct. 31, 2021	$ 175,384		$ 61	$ 7	$ 135,299	$ 722,118	$ (567,228)	$ (115,360)	$ 487
Stock options, amortization and issuances (in shares)			2,316
Stock options, amortization and issuances	120					120
Preferred dividend declared ($476.56 per share)	(10,675)						(10,675)
Restricted stock amortization, issuances and forfeitures (in shares)			91,263	46,641
Restricted stock amortization, issuances and forfeitures	5,426		$ 1			5,425
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)
Share repurchases (in shares)		(312,471)	(312,471)
Share repurchases	(12,222)	$ (12,200)						(12,222)
Net income	225,490						225,490
Balance (in shares) at Oct. 31, 2022			5,376,985	705,705	5,600
Balance at Oct. 31, 2022	383,051		$ 62	$ 7	$ 135,299	727,663	(352,413)	(127,582)	15
Stock options, amortization and issuances (in shares)			3,563
Stock options, amortization and issuances	92					92
Preferred dividend declared ($476.56 per share)	(10,675)						(10,675)
Restricted stock amortization, issuances and forfeitures (in shares)			83,660	43,575
Restricted stock amortization, issuances and forfeitures	8,192			$ 1		8,191
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
Share repurchases (in shares)		(118,478)	(118,478)
Share repurchases	(4,800)	$ (4,800)						(4,800)
Net income	205,891						205,891
Balance (in shares) at Oct. 31, 2023			5,345,929	749,081	5,600
Balance at Oct. 31, 2023	581,789		$ 62	$ 8	$ 135,299	735,946	(157,197)	(132,382)	53
Stock options, amortization and issuances (in shares)			5,502
Stock options, amortization and issuances	550					550
Preferred dividend declared ($476.56 per share)	(10,675)						(10,675)
Restricted stock amortization, issuances and forfeitures (in shares)			90,007	53,250
Restricted stock amortization, issuances and forfeitures	13,258		$ 1	$ 1		13,256
Conversion of Class B to Class A common stock (in shares)			72,977	(72,977)
Conversion of Class B to Class A common stock	0		$ 1	$ (1)
Changes in noncontrolling interest in consolidated joint ventures	(53)								(53)
Share repurchases (in shares)		(188,800)	(188,800)
Share repurchases	(26,528)	$ (26,500)						(26,528)
Net income	242,008						242,008
Balance (in shares) at Oct. 31, 2024			5,325,615	729,354	5,600
Balance at Oct. 31, 2024	$ 800,349		$ 64	$ 8	$ 135,299	$ 749,752	$ 74,136	$ (158,910)	$ 0

Consolidated Statements of Ch_2

Consolidated Statements of Changes in Equity (Deficit) (Parentheticals) - $ / shares	12 Months Ended
	Oct. 31, 2024	Oct. 31, 2023	Oct. 31, 2022
CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (DEFICIT)
Dividend per share (in dollars per share)	$ 476.56	$ 476.56	$ 476.56

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Oct. 31, 2024	Oct. 31, 2023	Oct. 31, 2022
Cash flows from operating activities:
Net income	$ 242,008	$ 205,891	$ 225,490
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	7,730	8,798	5,457
Stock-based compensation	25,269	14,227	10,276
(Accretion) amortization of debt discounts, premiums and debt issuance costs	(1,041)	1,645	376
Gain on sale of property and assets	(1,143)	(1,106)	(34)
Gain on consolidation of joint ventures	(45,653)	(19,102)	0
Income from unconsolidated joint ventures	(52,262)	(43,160)	(29,033)
Distributions of earnings from unconsolidated joint ventures	3,919	18,650	3,990
(Gain) loss on extinguishment of debt	(1,371)	25,638	6,795
Noncontrolling interest in consolidated joint ventures	0	38	270
Inventory impairments and land option write-offs	11,556	1,536	14,076
(Increase) decrease in assets:
Inventories	(183,522)	278,672	(279,000)
Receivables, deposits and notes	(11,901)	11,296	(2,632)
Origination of mortgage loans	(1,567,961)	(1,216,923)	(1,205,604)
Sale of mortgage loans	1,549,272	1,197,988	1,245,408
Deferred tax assets	61,769	41,960	80,885
(Decrease) increase in liabilities:
Accounts payable, accrued interest and other liabilities	(349)	(59,554)	7,705
Customers’ deposits	(16,298)	(29,913)	5,725
State income tax payable	3,618	(1,306)	(684)
Net cash provided by operating activities	23,640	435,275	89,466
Cash flows from investing activities:
Proceeds from sale of property and assets	1,419	1,961	63
Purchase of property, equipment, and other fixed assets	(17,859)	(18,821)	(12,592)
Investment in and advances to unconsolidated joint ventures, net of reimbursements	(34,436)	(77,822)	35
Distributions of capital from unconsolidated joint ventures	4,404	16,447	10,342
Net cash used in investing activities	(46,472)	(78,235)	(2,152)
Cash flows from financing activities:
Proceeds from mortgages and notes	301,017	324,849	438,883
Payments related to mortgages and notes	(340,093)	(382,933)	(418,383)
Proceeds from model sale leaseback financing programs	27,136	12,412	35,030
Payments related to model sale leaseback financing programs	(22,564)	(21,875)	(14,857)
Proceeds from land bank financing programs	98,735	53,115	189,952
Payments related to land bank financing programs	(86,624)	(123,109)	(68,746)
Proceeds from partner distributions to consolidated joint venture	0	0	40
Payments for partner distributions to consolidated joint venture	0	0	(782)
Net proceeds (payments) related to mortgage warehouse lines of credit	20,643	16,432	(40,618)
Net borrowings from senior secured notes	0	640,925	0
Payments related to senior secured notes	(145,000)	(752,182)	(103,875)
Preferred dividends paid	(10,675)	(10,675)	(10,675)
Treasury stock purchases	(26,528)	(4,800)	(12,222)
Debt issuance costs from note issuances, land banking financing programs and model sale leaseback financing programs	(3,973)	(13,870)	(10,267)
Net cash used in financing activities	(187,926)	(261,711)	(16,520)
Net (decrease) increase in cash and cash equivalents, and restricted cash and cash equivalents	(210,758)	95,329	70,794
Cash and cash equivalents, and restricted cash and cash equivalents balance, beginning of period	477,519	382,190	311,396
Cash and cash equivalents, and restricted cash and cash equivalents balance, end of period	266,761	477,519	382,190
Supplemental disclosures of cash flows:
Interest, net of capitalized interest (see Note 3 to the Consolidated Financial Statements)	47,803	62,576	44,872
Income taxes	9,694	9,407	14,062
Cash and cash equivalents, and restricted cash and cash equivalents balance, end of period	266,761	477,519	382,190
Home Building [Member]
Supplemental disclosures of cash flows:
Cash and cash equivalents	209,976	434,119	326,198
Restricted Cash and Cash Equivalents	7,875	8,431	13,382
Financial Services [Member]
Supplemental disclosures of cash flows:
Cash and cash equivalents	6,589	4,519	6,468
Restricted Cash and Cash Equivalents	$ 42,321	$ 30,450	$ 36,142

Supplemental Disclosure of Non-

Supplemental Disclosure of Non-cash Operating and Investing Activities	12 Months Ended
	Oct. 31, 2024
Supplemental Cash Flow Elements [Abstract]
Supplemental disclosure of non-cash operating and investing activities	Supplemental disclosure of noncash investing and financing activities: In the second 2023 one In the third 2023 one In the third quarter of fiscal 2024 one In the third quarter of fiscal 2024 13.5 13.5 1.75

Note 1 - Basis of Presentation

Note 1 - Basis of Presentation	12 Months Ended
	Oct. 31, 2024
Basis of Presentation
Basis of Presentation	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. Noncontrolling interest represents the proportionate equity interest in a consolidated joint venture that is not 100% owned by HEI, directly or indirectly; we sold our membership interest in such joint venture during the first quarter of fiscal 2024.

Note 2 - Business

Note 2 - Business	12 Months Ended
	Oct. 31, 2024
Business	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 the years ended October 31, 2024 2023 2022 . October 31, 2024 first not See Note 10

Note 3 - Summary of Significant

Note 3 - Summary of Significant Accounting Policies	12 Months Ended
	Oct. 31, 2024
Summary of Significant Accounting Policies
Summary of Significant Accounting Policies	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, 2024 2023 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, 2024 2023 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, 2024 2023 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 Inventories held for sale are land parcels ready for sale in their current condition, where we have decided not to build homes but are instead actively marketing for sale. Land parcels held for sale represented $5.1 million of our total inventories at October 31, 2024 October 31, 2023 Warranty Costs and Construction Defect Reserves For homes delivered in fiscal 2024, our deductible under our general liability insurance was $30.0 million, aggregated for construction defect and warranty claims, and for homes delivered in fiscal 2023, our deductible under our general liability insurance was $25.0 million, aggregated for construction defect, warranty, and bodily injury claims. As of November 1, 2023, we no longer have an aggregate deductible for bodily injury claims. For bodily injury claims, our deductible per occurrence in fiscal 2024 was $0.25 million and $0.5 million for action over claims, both with a $30.0 million limit, and for fiscal 2023 it was $0.25 million for all other states and $0.5 million for California, both with a $5.0 million limit. We do 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) 2024 2023 2022 Interest capitalized at beginning of year $ 52,060 $ 59,600 $ 58,159 Plus interest incurred( 1 128,777 136,535 134,024 Less cost of sales interest expensed (89,807 ) (80,820 ) (85,240 ) Less other interest expensed( 2 (30,752 ) (54,082 ) (47,343 ) Less interest contributed to unconsolidated joint ventures( 3 (5,468 ) (9,456 ) - Plus interest acquired from unconsolidated joint ventures( 4 2,861 283 - Interest capitalized at end of year( 5 $ 57,671 $ 52,060 $ 59,600 ( 1 Does not (2 O th e not not exceed our debt, which amounted to $ 17.7 million and $28.6 million for the years ended October 31, 2023 and 2022 October 31, 2024 not October 31, 2024 2023 2022 , respectively . ( 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 acquired 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, 2024 2023 2022 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, 2024 2023 Property and Equipment - Property and equipment are recorded at cost. Maintenance and repair costs are expensed as incurred. Depreciation is computed using the straight-line method based upon estimated useful lives, generally as follows: Building and building improvements - years or life of the lease; Furniture - - years; Equipment - - years; Capitalized software - - years. 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 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 15, 2024. not In December 2023, the FASB issued ASU 2023 09 2023 09 2023 09 In November 2024, the FASB issued ASU 2024-03, “Disaggregation of Income Statement Expenses” (“ASU 2024-03”). ASU 2024-03 requires disclosure of additional information about specific cost and expense categories in the notes to the financial statements. This guidance will be applied either prospectively or retrospectively and is effective for annual reporting periods in fiscal years beginning after December 15, 2026, and interim reporting periods in fiscal years beginning after December 15, 2027. We are currently evaluating the potential impact the adoption of this guidance will have on our Consolidated Financial Statements.

Note 4 - Leases

Note 4 - Leases	12 Months Ended
	Oct. 31, 2024
Leases
Leases	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 years 842 842 not Our lease population at October 31, 2024 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) 2024 2023 2022 Operating lease costs $ 11,485 $ 11,059 $ 10,483 Cash payments on lease liabilities $ 9,344 $ 9,293 $ 9,605 ROU assets are classified within “ Prepaid expenses and other assets Accounts payable and other liabilities October 31, 2024 (In thousands) 2024 2023 ROU assets $ 28,765 $ 25,745 Lease liabilities $ 30,868 $ 26,470 Weighted-average remaining lease term (in years) 4.6 5.1 Weighted-average discount rate 10.3 % 10.0 % Maturities of our operating lease liabilities as of October 31, 2024 Fiscal Year Ending October 31, (In thousands) 2025 $ 11,133 2026 10,102 2027 7,585 2028 3,843 2029 1,915 Thereafter 4,085 Total operating lease payments 38,663 Less: imputed interest (7,795 ) Present value of operating lease liabilities $ 30,868

Note 5 - Property, Plant and Eq

Note 5 - Property, Plant and Equipment	12 Months Ended
	Oct. 31, 2024
Property, Plant and Equipment
Property and Equipment	5. Property and equipment balances as of October 31, 2024 2023 October 31, (In thousands) 2024 2023 Land and land improvements $ 1,292 $ 1,563 Buildings 5,124 7,828 Building improvements 16,911 16,061 Furniture 2,969 2,793 Equipment 10,903 10,124 Capitalized software 62,902 50,630 Property and equipment 100,101 88,999 Less: accumulated depreciation (56,670 ) (55,053 ) Property and equipment, net $ 43,431 $ 33,946

Note 6 - Restricted Cash and Cu

Note 6 - Restricted Cash and Customers' Deposits	12 Months Ended
	Oct. 31, 2024
Restricted Cash and Customers' Deposits
Restricted Cash and Customers' Deposits	6. ’ Homebuilding “Restricted cash and cash equivalents” on the Consolidated Balance Sheets totaled $7.9 million and $8.4 million as of October 31, 2024 2023 9 Financial services restricted cash and cash equivalents, which are included in “Financial services” assets October 31, 2024 2023 1 October 31, 2024 2023 2 October 31, 2024 2023 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, 2024
Mortgage Loans Held for Sale
Mortgage Loans Held for Sale	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 are 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 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, 2024 2023 8 may not October 31, 2024 2023 not The activity in our loan origination reserves in fiscal 2024 2023 Year Ended October 31, (In thousands) 2024 2023 Loan origination reserves, beginning of period $ 2,013 $ 1,795 Provisions for losses during the period 439 187 Adjustments to pre-existing provisions for losses from changes in estimates 68 31 Loan origination reserves, end of period $ 2,520 $ 2,013

Note 8 - Mortgages

Note 8 - Mortgages	12 Months Ended
	Oct. 31, 2024
Disclosure of Mortgage Loans [Abstract]
Mortgages	8. Nonrecourse We have nonrecourse mortgage loans for certain communities totaling $90.7 million and $91.5 million, net of debt issuance costs, at October 31, 2024 2023 October 31, 2024 2023 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 “ ” Our secured Master Repurchase Agreement with JPMorgan Chase Bank, N.A. (“Chase Master Repurchase Agreement”) is a short-term borrowing facility that provides up to $50.0 million through its maturity on July 31, 2025 . October 31, 2024 2023 K. Hovnanian Mortgage has another secured Master Repurchase Agreement with Customers Bank (“Customers Master Repurchase Agreement”) which is a short-term borrowing facility that was initially amended August 1, 2024 there was a subsequent amendment to increase the borrowing capacity up to $ million through its maturity on March 5, 2025. The loan is secured by the mortgages held for sale and is repaid when we sell the underlying mortgage loans to permanent investors. Interest is payable daily or as loans are sold to permanent investors on outstanding advances at the current SOFR, plus the applicable margin ranging from % to % based on the type of loan and the number of days outstanding on the warehouse line. As of October 31, 2024 and 2023 , the aggregate principal amount of all borrowings outstanding under the Customers Master Repurchase Agreement was $ million and $ million, respectively. K. Hovnanian Mortgage has another secured Master Repurchase Agreement with Hinsdale Bank & Trust Company, N.A. ( “ ” One October 31, 2024 The Chase Master Repurchase Agreement, Customers Master Repurchase Agreement and Hinsdale 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, 2024

Note 9 - Senior Notes and Credi

Note 9 - Senior Notes and Credit Facilities	12 Months Ended
	Oct. 31, 2024
Senior Notes and Credit Facilities
Senior Notes and Credit Facilities	9 Senior secured notes, senior notes and credit facilities balances as of October 31, 2024 October 31, 2023 were October 31, October 31, (In thousands) 2024 2023 Senior Secured Notes: 10.0% Senior Secured 1.75 1 $ - $ 113,502 8.0% Senior Secured 1.125 225,000 225,000 11.75% Senior Secured 1.25 430,000 430,000 Total Senior Secured Notes $ 655,000 $ 768,502 Senior Notes: 13.5% Senior Notes due February 1, 2026 ( 2 $ 26,588 $ 90,590 5.0% Senior Notes due February 1, 2040 ( 2 24,968 90,120 Total Senior Notes $ 51,556 $ 180,710 Senior Unsecured Term Loan Credit Facility due February 1, 2027 ( 2 $ - $ 39,551 Senior Secured 1.75 January 31, 2028 ( 2 $ 175,000 $ 81,498 Senior Secured Revolving Credit Facility ( 3 $ - $ - Subtotal senior notes and credit facilities $ 881,556 $ 1,070,261 Net premiums (discounts) $ 17,340 $ (14,563 ) Unamortized debt issuance costs $ (2,678 ) $ (4,207 ) Total senior notes and credit facilities, net of discounts, premiums and unamortized debt issuance costs $ 896,218 $ 1,051,491 ( 1 On November 15, 2023, 1.75 November 15, 2025. ( 2 On May 21, 2024 93.5 1.75 ( 3 At October 31, 2024 June 30, 2026 3.00 4.00 As of October 31, 2024 Fiscal Year Ending October 31, (1) 2025 $ - 2026 26,588 2027 - 2028 400,000 2029 430,000 Thereafter 24,968 Total $ 881,556 ( 1 Does not October 31, 2024 General Except for K. Hovnanian, the issuer of the notes and borrower under the credit agreements governing our term loans and revolving credit facilities (collectively, the "Credit Facilities"), 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, 2024 The credit agreements governing the Credit Facilities and the indentures governing the senior secured and senior notes (together, the “ ” “ ” 1.75 “ ” “ ” June 30, 2026 “ ” October 31, 2024 If our consolidated fixed charge coverage ratio is less than 2.0 to 1.0 1.0 October 31, 2021 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 2024 On November 15, 2023 1.75 2025 October 31, 2024 “ Gain (loss) on extinguishment of debt, net ” On May 21, 2024 64.0 13.5 2026 21.5 42.5 65.2 5.0 2040 31.4 39.6 10.0 19.6 26.6 13.5 2026 5.0 2040 no In connection with the Exchanges, K. Hovnanian, the Notes Guarantors and the Investors entered into the First Amendment to the Secured Term Loan Facility (the “First Amendment” and the Secured Term Loan Facility as amended, the “Amended Secured Term Loan Facility”), providing for, among other things, (i) the issuance of the $93.5 million aggregate principal amount of additional Secured Term Loans described above and (ii) certain other modifications and amendments, primarily related to indebtedness permitted to be incurred by K. Hovnanian and the Notes Guarantors thereunder, including providing that the interest rate on all the then outstanding Secured Term Loans shall be increased in certain circumstances when certain priority secured debt is issued, to a weighted-average rate that results from applying (x) an 11.75 10.0 10.0 January 31, 2028 175.0 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 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 applicable The 8.0% Senior Secured 1.125 2028 “ 1.125 ” March 30 September 30 March 15 September 15 1.125 September 30, 2025 “ ” 1.125 September 30, 2025 September 30, 2026 September 30, 2027 1.125 September 30, 2025 The 11.75 1.25 2029 “ 1.25 ” September 30, 2029 11.75 March 30 September 30 1.25 March 30, 2026 100 1.25 105.875 March 30, 2026 102.9375 September 30, 2027 100.0 September 30, 2028 35.0 1.25 March 30, 2026 111.75 The Secured Term Loans bear interest at a rate equal to 10.0% per annum (subject to increase as described above under “ 2024 ” November 15, 2023 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 (in each case, with respect to the assets securing such debt) 1.125 1.25 1.125 1.25 1.25 As of October 31, 2024 1 216.2 3.2 2 655.1 3 140.5 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 and August 1 January 15 July 15 may may 2040 Other We have certain stand-alone cash collateralized letter of credit agreements and facilities under which there was a total of $2.6 million and $4.9 million letters of credit outstanding at October 31, 2024 October 31, 2023 October 31, 2024 October 31, 2023

Note 10 - Operating and Reporti

Note 10 - Operating and Reporting Segments	12 Months Ended
	Oct. 31, 2024
Operating and Reporting Segments
Operating and Reporting Segments	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) 2024 2023 2022 Revenues: Northeast $ 1,036,049 $ 968,851 $ 1,085,081 Southeast 448,902 420,296 323,961 West 1,437,894 1,295,992 1,450,632 Total homebuilding 2,922,845 2,685,139 2,859,674 Financial services 74,064 60,088 61,540 Corporate and unallocated 8,009 10,789 1,017 Total revenues $ 3,004,918 $ 2,756,016 $ 2,922,231 Income before income taxes: Northeast $ 190,477 $ 178,516 $ 177,406 Southeast 77,613 77,750 60,178 West 123,246 114,084 207,519 Total homebuilding 391,336 370,350 445,103 Financial services 24,124 19,365 19,121 Corporate and unallocated ( 1 (98,371 ) (133,764 ) (144,471 ) Income before income taxes $ 317,089 $ 255,951 $ 319,753 ( 1 Corporate and unallocated for the year ended October 31, 2024 October 31, 2023 October 31, 2022 October 31, (In thousands) 2024 2023 Assets: Northeast $ 664,064 $ 483,784 Southeast 296,058 286,701 West 889,704 733,318 Total homebuilding 1,849,826 1,503,803 Financial services 203,589 168,671 Corporate and unallocated 552,159 820,466 Total assets $ 2,605,574 $ 2,492,940 October 31, (In thousands) 2024 2023 Investments in and advances to unconsolidated joint ventures: Northeast $ 79,659 $ 56,758 Southeast 55,344 35,262 West 6,348 4,503 Total homebuilding 141,351 96,523 Corporate and unallocated 1,559 1,363 Total investments in and advances to unconsolidated joint ventures $ 142,910 $ 97,886 Year Ended October 31, (In thousands) 2024 2023 2022 Homebuilding interest expense: Northeast $ 33,459 $ 32,071 $ 31,552 Southeast 21,071 20,055 17,403 West 66,029 65,068 55,056 Total homebuilding 120,559 117,194 104,011 Corporate and unallocated - 17,707 28,572 Financial services interest expense (income) ( 1 125 1 (213 ) Total interest expense, net $ 120,684 $ 134,902 $ 132,370 ( 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) 2024 2023 2022 Depreciation: Northeast $ 1,241 $ 4,352 $ 1,542 Southeast 392 444 291 West 1,475 1,325 1,298 Total homebuilding 3,108 6,121 3,131 Financial services 251 - 5 Corporate and unallocated 4,371 2,677 2,321 Total depreciation $ 7,730 $ 8,798 $ 5,457 Year Ended October 31, (In thousands) 2024 2023 2022 Net additions to property and equipment: Northeast $ 1,211 $ 1,678 $ 1,848 Southeast 1,172 263 229 West 1,578 1,599 1,841 Total homebuilding 3,961 3,540 3,918 Financial services 621 1,040 28 Corporate and unallocated 13,277 14,241 8,646 Total net additions to property and equipment $ 17,859 $ 18,821 $ 12,592 Year Ended October 31, (In thousands) 2024 2023 2022 Equity in earnings from unconsolidated joint ventures: Northeast $ 26,899 $ 27,253 $ 12,674 Southeast 19,459 15,696 16,359 West 5,904 211 - Total equity in earnings from unconsolidated joint ventures $ 52,262 $ 43,160 $ 29,033

Note 11 - Income Taxes

Note 11 - Income Taxes	12 Months Ended
	Oct. 31, 2024
Income Taxes
Income Taxes	11. Income taxes (receivable) payable, including deferred benefits, consists of the following: October 31, (In thousands) 2024 2023 State income taxes: Current $ 5,479 $ 1,861 Deferred (76,571 ) (74,110 ) Federal income taxes: Current - - Deferred (164,493 ) (228,723 ) Total $ (235,585 ) $ (300,972 ) The (benefit) provision for income taxes is composed of the following: Year Ended October 31, (In thousands) 2024 2023 2022 Current income tax expense: Federal ( 1 $ - $ - $ - State ( 2 13,312 8,101 13,377 Total current income tax expense: 13,312 8,101 13,377 Federal 64,230 46,821 60,064 State (2,461 ) (4,862 ) 20,822 Total deferred income tax expense: 61,769 41,959 80,886 Total $ 75,081 $ 50,060 $ 94,263 ( 1 The current federal income tax expense is net of the use of federal net operating losses totaling $290.1 million (tax effected $60.9 million), $221.2 million (tax effected $46.4 million) and $306.0 million (tax effected $64.3 million) for the years ended October 31, 2024 2023 2022 , respectively. ( 2 The current state income tax expense is net of the use of state net operating losses totaling $110.0 million (tax effected $8.6 million), $113.3 million (tax effected $8.3 million) and $80.1 million (tax effected $5.8 million) for the years ended October 31, 2024 2023 2022 The total income tax expense of $75.1 million, $50.1 million and $94.3 million for the years ended October 31, 2024 2023 not As of October 31, 2024, we have remaining federal NOL carryforwards of $398.8 million that expire between 2031 2038 2025 2029 2030 2034 2035 2039 2040 2044 The Company recognizes deferred income taxes for deferred tax benefits arising from NOL carryforwards and temporary differences between book and tax income which will be recognized in future years as an offset against future taxable income. As part of our analysis, we considered both positive and negative factors that impact profitability and whether those factors would lead to a change in estimate of our deferred tax assets (“DTAs”) that may be realized in the future. As of October 31, 2024, the Company has determined that it is more likely than not that sufficient taxable income will be generated in the future to realize its DTAs, net of any valuation allowance. Deferred tax assets and liabilities have been recognized on the Consolidated Balance Sheets as follows: October 31, (In thousands) 2024 2023 Deferred tax assets: Impairments $ 22,742 $ 26,168 Capitalized expenses 4,420 3,692 Warranty reserves 4,319 4,439 Incentive compensation 13,777 15,252 Provision for losses 15,236 16,915 Federal net operating losses 87,041 147,841 State net operating losses 123,673 136,257 Tax credit carryforwards 27,482 21,260 Other 10,699 9,631 Total deferred tax assets 309,389 381,455 Deferred tax liabilities: Inventory valuation differences (8,610 ) - Joint ventures (4,017 ) (6,743 ) Total deferred tax liabilities (12,627 ) (6,743 ) Valuation allowance (55,698 ) (71,879 ) Deferred tax assets, net $ 241,064 $ 302,833 Our effective tax rate varied from the statutory federal income tax rate. The effective tax rate is affected by a number of factors. The sources of these factors were as follows: Year Ended October 31, 2024 2023 2022 Federal statutory income tax rate 21.0 % 21.0 % 21.0 % State income taxes, net of federal income tax benefit 6.6 6.1 5.0 Non-deductible compensation 2.3 1.4 1.2 Permanent differences, net (0.1 ) (0.4 ) (0.4 ) Deferred tax asset valuation allowance (4.1 ) (6.3 ) 4.8 Tax credits (2.0 ) (2.2 ) (2.0 ) Other - - (0.1 ) Effective tax rate 23.7 % 19.6 % 29.5 % At October 31, 2024, and 2023, we do not have any unrecognized tax benefits or open tax positions. Our policy is to accrue interest and penalties on unrecognized tax benefits and include them in the provision for income taxes. The consolidated federal tax returns have been audited through 2020 to 2023

Note 12 - Reduction of Inventor

Note 12 - Reduction of Inventory to Fair Value	12 Months Ended
	Oct. 31, 2024
Reduction of Inventory to Fair Value
Reduction of Inventory to Fair Value	12. of Inventory to Fair Value We had 469, and communities under development and held for future development or sale at October 31, 2024 2023 and 2022 which we evaluated for impairment indicators (i.e., those with a projected operating loss). We identified impairment indicators in four of our communities with an aggregate carrying value of $41.1 million during the year ended October 31, 2024 the year ended October 31, 2023 , for which we had recorded an impairment in the prior year. As a result of such analysis, we did not identify any additional impairment for the community. During the year ended October 31, 2022 community, with a carrying value of $ million, had an impairment indicator. The impairment analysis resulted in an impairment charge of $ million. Our aggregate impairment charges are included within “Inventory impairments and land option write-offs” in the Consolidated Statement of Operations and deducted from inventory. The following table represents impairments by segment for fiscal 2024 2022 : (Dollars in millions) Year Ended October 31, 2024 Dollar Pre- Number of Amount of Impairment Communities Impairment Value ( 1 Northeast 2 $ 4.8 $ 16.0 Southeast - - - West 2 5.2 25.0 Total 4 $ 10.0 $ 41.0 (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 ( 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, 2024 2023 2022 not The following table represents write-offs of such costs by segment for fiscal 2024 2023 2022 Year Ended October 31, (In millions) 2024 2023 2022 Northeast $ 0.4 $ 0.5 $ 0.4 Southeast 0.9 0.5 0.9 West 0.3 0.5 4.4 Total $ 1.6 $ 1.5 $ 5.7

Note 13 - Per Share Calculation

Note 13 - Per Share Calculations	12 Months Ended
	Oct. 31, 2024
Per Share Calculations
Per Share Calculations	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) 2024 2023 2022 Numerator: Net income $ 242,008 $ 205,891 $ 225,490 Less: preferred stock dividends (10,675 ) (10,675 ) (10,675 ) Less: undistributed earnings allocated to participating securities (8,454 ) (16,027 ) (19,702 ) Numerator for basic earnings per share $ 222,879 $ 179,189 $ 195,113 Plus: undistributed earnings allocated to participating securities 8,454 16,027 19,702 Less: undistributed earnings reallocated to participating securities (8,605 ) (16,058 ) (19,717 ) Numerator for diluted earnings per share $ 222,728 $ 179,158 $ 195,098 Denominator: Denominator for basic earnings per share – weighted average shares outstanding 6,479 6,230 6,437 Effect of dilutive securities: Stock-based payments 528 436 291 Denominator for diluted earnings per share – weighted-average shares outstanding 7,007 6,666 6,728 Basic earnings per share $ 34.40 $ 28.76 $ 30.31 Diluted earnings per share $ 31.79 $ 26.88 $ 29.00 There were no anti-dilutive shares in fiscal 2024. Anti-dilutive shares were immaterial in fiscal 2023 and 2022.

Note 14 - Capital Stock

Note 14 - Capital Stock	12 Months Ended
	Oct. 31, 2024
Capital Stock
Capital Stock	14. Common Stock Each share of Class A common stock entitles its holder to one ten one one On August 4 2008 “ ” 382 382 382 5 50 382 one 15 2008 15 2008 4.9 4.9 14 2027 1 2 3 382 5 5 5 5 5 On September 1, 2022, the Board authorized a repurchase program for up to $ 50.0 million of our Class A common stock. Under the program, repurchases may be made from time to time in open market transactions, in privately negotiated transactions or otherwise. The timing and the actual dollar amount repurchased will depend on a variety of factors, including legal requirements, price, future tax implications and economic and market conditions. The repurchase program may be changed, suspended or discontinued at any time and does not have a specified expiration date. As of $6.5 million of our Class A common stock is available for repurchase under the stock repurchase program. Preferred Stock On July 12, 2005, not not 1/1000th 2023 and 2022 10.7 Retirement Plan We have established a tax-qualified, defined contribution savings and investment retirement plan ( “ 401 ” 401 October 31, 2024 2023 2022 Treasury Stock During the year ended October 31, 2024 October 31, 2024 . October 31, 2023 . During the year ended October 31, 2022 we repurchased 312,471 shares under our stock repurchase program, with a market value of $ 12.2 million, or $39.12 .

Note 15 - Share-based Compensat

Note 15 - Share-based Compensation Plans	12 Months Ended
	Oct. 31, 2024
Stock-Based Compensation Plans
Stock-Based Compensation Plans	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, 2024 Stock Options Prior to fiscal 2022 2024 2023 2022 four second third fourth fifth first second third tenth The following table summarizes stock option activity as of October 31, 2024 October 31, Weighted-Average Weighted- Remaining Contractual Aggregate 2024 Exercise Price Life (Years) Intrinsic Value Stock options outstanding at beginning of period 143,547 $ $34.63 Granted - $ - Exercised (12,533 ) $ $ 70.55 Forfeited - $ - Expired - $ - Stock options outstanding at end of period 131,014 $ $ 31.19 3.6 $ $18,977,000 Stock options exercisable at end of period 131,014 $ $ 31.19 3.6 $ $18,977,000 The total intrinsic value of stock options exercised during fiscal 2024 $1.4 2023 Based on the fair value at the time of grant, the per share weighted-average fair value of stock options vested in fiscal 2024 2023 2022 9.50 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 2024 two 58 Grants of market share units (“MSUs”), performance share units (“PSUs”) and the stock portion of 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, 2024 October 31, Weighted-Average Grant Date 2024 Fair Value Nonvested time-based at beginning of period 132,143 $ $52.79 Granted 62,988 $ $114.65 Vested ( 1 (78,627 ) $ $37.35 Forfeited (4,735 ) $ $92.19 Nonvested time-based at end of period 111,769 $ $96.73 The following table summarizes nonvested performance-based LTIP, PSU and MSU share activity as of October 31, 2024 October 31, Weighted-Average Grant Date 2024 Fair Value Nonvested performance-based at beginning of period 581,500 $ $73.90 Granted 140,593 $ $84.51 Vested ( 1 (358,825 ) $ $50.92 Forfeited (10,067 ) $ $67.20 Nonvested performance-based at end of period 353,201 $ $57.98 ( 1 Includes 9,058 time-based vested share awards and 329,583 performance-based vested share awards which were deferred and not October 31, 2024 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. Each of the 2024, 2023 and 2022 LTIP awards are subject to cliff vesting at the end of the performance period. 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 2024 LTIP grants: historical volatility factor of 66.65 % based on the expected market price of our Class A common stock for the two -year period ending on the valuation date, concluded stock price assumption of 4.32 % equal to the continuously compounded two -year yield and a dividend yield of zero . 2023 two two 2022 two two PSUs granted in fiscal 2020 vest in equal installments commencing on the second , third , fourth and fifth anniversary of the grant date, except that no portion of the award will vest unless the Board determines that the Company achieved specified earnings goals. granted subsequent to fiscal 2020 are subject to cliff vesting on the third year after the grant date. The following assumptions were used for the 2024 PSU grants: historical volatility factor of 64.61 % based on the expected market price of our Class A common stock for the two -year period ending on the valuation date, concluded stock price assumption of 4.62 % equal to the continuously compounded two -year yield and a dividend yield of . The following assumptions were used for the 2023 66.66 two 4.54 two zero U grants: historical volatility factor of % based on the expected market price of our Class A common stock for the two -year period ending on the valuation date, concluded stock price assumption of % equal to the continuously compounded two -year yield and a dividend yield of zero . There were no MSUs granted in fiscal 2024 2023 2022 first second may first third January 1 st after the grant date, and the remaining annual installments commencing on the third anniversary from the date of grant, except that no portion of the award will vest unless the Board determines the Company achieved certain specified performance goals. The total grant date fair value of RSU and performance unit awards granted during fiscal 2024 2023 2022 $9.6 2024 2023 2022 During the year-ended October 31, 2024 October 31, 2024 Stock-Based Compensation Expense For the years ended October 31, 2024 2023 2022 $25.3 2024 2023 2022 thousand October 31, 2024 2023 2022

Note 16 - Warranty Costs

Note 16 - Warranty Costs	12 Months Ended
	Oct. 31, 2024
Warranty Costs
Warranty Costs	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, 2024 2023 Additions and charges in the warranty reserve and general liability reserve for the years ended October 31, 2024 2023 Year Ended October 31, (In thousands) 2024 2023 Balance, beginning of period $ 98,919 $ 97,719 Additions: Selling, general and administrative 8,891 7,140 Additions: Cost of sales 10,608 6,807 Charges incurred during the period (32,004 ) (22,080 ) Changes to pre-existing reserves 2,977 9,333 Balance, end of period $ 89,391 $ 98,919 Warranty accruals are based upon historical experience. In fiscal 2024 The majority of the charges incurred during fiscal 2024

Note 17 - Transactions With Rel

Note 17 - Transactions With Related Parties	12 Months Ended
	Oct. 31, 2024
Transactions with Related Parties
Transactions with Related Parties	17 During the years ended October 31, 2024 2023 2022

Note 18 - Commitments and Conti

Note 18 - Commitments and Contingent Liabilities	12 Months Ended
	Oct. 31, 2024
Commitments and Contingent Liabilities
Commitments and Contingent Liabilities	18. We are involved in litigation arising in the ordinary course of business, none of which is expected to have a material adverse effect on our financial position, results of operations or cash flows, and we are subject to extensive and complex laws and regulations that affect the development of land and home building, sales and customer financing processes, including zoning, density, building standards and mortgage financing. These laws and regulations often provide broad discretion to the administering governmental authorities. This can delay or increase the cost of development or homebuilding. The significant majority of our litigation matters are related to construction defect claims. Our estimated losses from construction defect litigation matters, if any, are included in our construction defect reserves. 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 vary greatly according to the community site, for example, due to the community, the environmental conditions at or near the site, and the present and former uses of the site. These environmental laws may result in delays, may cause us to incur substantial compliance, remediation and/or other costs, and can prohibit or severely restrict development and homebuilding activity. In addition, noncompliance with these laws and regulations could result in fines and penalties, obligations to remediate or take corrective action, permit revocations or other sanctions; and contamination or other environmental conditions at or in the vicinity of our developments may result in claims against us for personal injury, property damage or other losses. 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 be developed are contentious, attract intense political attention, and may be subject to significant changes over time. For example, regulations governing wetlands permitting under the federal Clean Water Act have been the subject of extensive rulemakings for many years, resulting in several major joint rulemakings by the EPA and the U.S. Army Corps of Engineers that have expanded and contracted the scope of wetlands subject to regulation; and such rulemakings have been the subject of many legal challenges, some of which remain pending. It is unclear how these and related developments, including at the state or local level, ultimately may affect the scope of regulated wetlands where we operate. Although we cannot reliably predict the extent of any effect these developments regarding wetlands, or any other requirements that may take effect, may have on us, they could result in time-consuming and expensive compliance programs and in substantial expenditures, which could cause delays and increase our cost of operations. In addition, our ability to obtain or renew permits or approvals and the continued effectiveness of permits already granted or approvals already obtained is dependent upon many factors, some of which are beyond our control, such as changes in policies, rules and regulations and their interpretations and application. In December 2020, the New Jersey Department of Environmental Protection ( “ ”

Note 19 - Variable Interest Ent

Note 19 - Variable Interest Entities	12 Months Ended
	Oct. 31, 2024
Variable Interest Entity
Variable Interest Entities	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 31, 2024 2023 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, 2024 2023 not

Note 20 - Investments in Uncons

Note 20 - Investments in Unconsolidated Homebuilding and Land Development Joint Ventures	12 Months Ended
	Oct. 31, 2024
Investments in Unconsolidated Homebuilding and Land Development Joint Ventures
Investments in Unconsolidated Homebuilding and Land Development Joint Ventures	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 During the second 2023 ’ During the third 2023 Also, during the third 2023 three During the second quarter of fiscal 2024 During the third quarter of fiscal 2024 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, 2024 Land (In thousands) Homebuilding Development Total Assets: Cash and cash equivalents $ 130,532 $ - $ 130,532 Inventories 402,628 - 402,628 Other assets 311,955 - 311,955 Total assets $ 845,115 $ - $ 845,115 Liabilities and equity: Accounts payable and accrued liabilities $ 469,320 $ - $ 469,320 Notes payable 88,653 - 88,653 Total liabilities 557,973 - 557,973 Equity of: Hovnanian Enterprises, Inc. 140,540 - 140,540 Others 146,602 - 146,602 Total equity 287,142 - 287,142 Total liabilities and equity $ 845,115 $ - $ 845,115 Debt to capitalization ratio 24 % 0 % 24 % 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 % As of October 31, 2024 2023 October 31, 2024 2023 not For The Year Ended October 31, 2024 Land (In thousands) Homebuilding Development Total Revenues $ 552,727 $ - $ 552,727 Cost of sales and expenses (484,967 ) 445 (484,522 ) Joint venture net income $ 67,760 $ 445 $ 68,205 Our share of net income $ 52,142 $ 121 $ 52,263 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 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, 2024 2023 50% For the year ended October 31, 2024 five one For the year ended October 31, 2023 four fifth 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 $19.5 million, $16.3 million and $12.5 million for the years ended October 31, 2024 2023 2022 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, 2024
Fair Value of Financial Instruments
Fair Value of Financial Instruments	21 We use a fair-value hierarchy which prioritizes the inputs used in measuring fair value as follows: 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 2024 2023 Mortgage loans held for sale (1) Level 2 $ 148,925 $ 130,235 ( 1 The aggregate unpaid principal balance was $ 149.4 October 31, 2024 2023 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 $572.9 million at October 31, 2024 October 31, 2024 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, 2024 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, 2024 Mortgage Interest Rate Loans Held Lock Forward (In thousands) for Sale Commitments Contracts Change in fair value included in financial services revenue $ (497) $ - $ - 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 Assets measured at fair value on a nonrecurring basis are those assets for which we have recorded valuation adjustments and write-offs during the year ended October 31, 2024 not October 31, 2023 Year Ended October 31, 2024 (In thousands) Fair Pre- Value Impairment Hierarchy Amount Total Losses Fair Value Land and land options held for future development or sale Level 3 $ 41,061 $ (9,992) $ 31,069 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 $10.0 million and $8.4 million for the years ended October 2024 2022 not October 31, 2023 12 The fair value of our cash equivalents, restricted cash and cash equivalents and customers ’ 1 The fair value of each series of our notes and credit facilities are listed below. Level 2 3 third As shown in the table below, our 8.0% Senior Secured 1.125 2028 11.75 1.25 2029 2040 2 October 31, 2024 Fair Value as of October 31, 2024 (In thousands) Level 1 Level 2 Level 3 Total Senior Secured Notes: 8.0% Senior Secured 1.125 - 231,068 - 231,068 11.75% Senior Secured 1.25 - 474,561 - 474,561 Senior Notes: 13.5% Senior Notes due February 1, 2026 - - 27,020 27,020 5.0% Senior Notes due February 1, 2040 - 11,485 - 11,485 Senior Credit Facilities: Senior Secured 1.75 - - 190,041 190,041 Total fair value $ - $ 717,114 $ 217,061 $ 934,175 Fair Value as of October 31, 2023 (In thousands) Level 1 Level 2 Level 3 Total Senior Secured Notes: 10.0% Senior Secured 1.75 - 113,843 - 113,843 8.0% Senior Secured 1.125 - - 230,690 230,690 11.75% Senior Secured 1.25 - 476,655 - 476,655 Senior Notes: 13.5% Senior Notes due February 1, 2026 - - 95,062 95,062 5.0% Senior Notes due 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 - - 81,742 81,742 Total fair value $ - $ 590,498 $ 487,371 $ 1,077,869 The Senior Secured Revolving Credit Facility is not October 31, 2024 2023

Insider Trading Arrangements

Insider Trading Arrangements	12 Months Ended
	Oct. 31, 2024
Insider Trading Arrangements [Line Items]
Rule 10b5-1 Arrangement Adopted [Flag]	false
Non-Rule 10b5-1 Arrangement Adopted [Flag]	false
Rule 10b5-1 Arrangement Terminated [Flag]	false
Non-Rule 10b5-1 Arrangement Terminated [Flag]	false

Significant Accounting Policies

Significant Accounting Policies (Policies)	12 Months Ended
	Oct. 31, 2024
Summary of Significant Accounting Policies
Use of Estimates	Use of Estimates
Revenue	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	Cash and Cash Equivalents 90 may, October 31, 2024 2023
Fair Value of Financial Instruments	Fair Value of Financial Instruments ’ not third ’
Inventories	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, 2024 2023 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, 2024 2023 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 Inventories held for sale are land parcels ready for sale in their current condition, where we have decided not to build homes but are instead actively marketing for sale. Land parcels held for sale represented $5.1 million of our total inventories at October 31, 2024 October 31, 2023
Warranty Costs and Construction Defect Reserves	Warranty Costs and Construction Defect Reserves For homes delivered in fiscal 2024, our deductible under our general liability insurance was $30.0 million, aggregated for construction defect and warranty claims, and for homes delivered in fiscal 2023, our deductible under our general liability insurance was $25.0 million, aggregated for construction defect, warranty, and bodily injury claims. As of November 1, 2023, we no longer have an aggregate deductible for bodily injury claims. For bodily injury claims, our deductible per occurrence in fiscal 2024 was $0.25 million and $0.5 million for action over claims, both with a $30.0 million limit, and for fiscal 2023 it was $0.25 million for all other states and $0.5 million for California, both with a $5.0 million limit. We do not ’ third third not not
Interest	Interest not Interest costs incurred, expensed and capitalized were as follows: Year Ended October 31, October 31, October 31, (In thousands) 2024 2023 2022 Interest capitalized at beginning of year $ 52,060 $ 59,600 $ 58,159 Plus interest incurred( 1 128,777 136,535 134,024 Less cost of sales interest expensed (89,807 ) (80,820 ) (85,240 ) Less other interest expensed( 2 (30,752 ) (54,082 ) (47,343 ) Less interest contributed to unconsolidated joint ventures( 3 (5,468 ) (9,456 ) - Plus interest acquired from unconsolidated joint ventures( 4 2,861 283 - Interest capitalized at end of year( 5 $ 57,671 $ 52,060 $ 59,600 ( 1 Does not (2 O th e not not exceed our debt, which amounted to $ 17.7 million and $28.6 million for the years ended October 31, 2023 and 2022 October 31, 2024 not October 31, 2024 2023 2022 , respectively . ( 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 acquired 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	Land Options - not In accordance with ASC 810 “ ” not not
Unconsolidated Homebuilding and Land Development Joint Ventures	Unconsolidated Homebuilding and Land Development Joint Ventures - third not not In accordance with ASC 323 no
Debt Issuance Costs	Debt Issuance Costs -
Debt Issued at a Discount/Premium	Debt Issued at a Discount /Premium - “ ”
Advertising Costs	Advertising Costs “ ” October 31, 2024 2023 2022
Deferred Income Taxes	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	Prepaid Expenses -
Allowance for Credit Losses	Allowance for Credit Losses “ ” October 31, 2024 2023
Property and Equipment	Property and Equipment - Property and equipment are recorded at cost. Maintenance and repair costs are expensed as incurred. Depreciation is computed using the straight-line method based upon estimated useful lives, generally as follows: Building and building improvements - years or life of the lease; Furniture - - years; Equipment - - years; Capitalized software - - years.
Stock-Based Compensation	Stock-Based Compensation - 718,
Per Share Calculations	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	Recent Accounting Pronouncements 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 15, 2024. not In December 2023, the FASB issued ASU 2023 09 2023 09 2023 09 In November 2024, the FASB issued ASU 2024-03, “Disaggregation of Income Statement Expenses” (“ASU 2024-03”). ASU 2024-03 requires disclosure of additional information about specific cost and expense categories in the notes to the financial statements. This guidance will be applied either prospectively or retrospectively and is effective for annual reporting periods in fiscal years beginning after December 15, 2026, and interim reporting periods in fiscal years beginning after December 15, 2027. We are currently evaluating the potential impact the adoption of this guidance will have on our Consolidated Financial Statements.

Note 3 - Summary of Significa_2

Note 3 - Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Oct. 31, 2024
Summary of Significant Accounting Policies
Schedule of Real Estate Inventory, Capitalized Interest Costs [Table Text Block]	Year Ended October 31, October 31, October 31, (In thousands) 2024 2023 2022 Interest capitalized at beginning of year $ 52,060 $ 59,600 $ 58,159 Plus interest incurred( 1 128,777 136,535 134,024 Less cost of sales interest expensed (89,807 ) (80,820 ) (85,240 ) Less other interest expensed( 2 (30,752 ) (54,082 ) (47,343 ) Less interest contributed to unconsolidated joint ventures( 3 (5,468 ) (9,456 ) - Plus interest acquired from unconsolidated joint ventures( 4 2,861 283 - Interest capitalized at end of year( 5 $ 57,671 $ 52,060 $ 59,600

Note 4 - Leases (Tables)

Note 4 - Leases (Tables)	12 Months Ended
	Oct. 31, 2024
Leases
Lease, Cost [Table Text Block]	Year Ended October 31, (In thousands) 2024 2023 2022 Operating lease costs $ 11,485 $ 11,059 $ 10,483 Cash payments on lease liabilities $ 9,344 $ 9,293 $ 9,605 (In thousands) 2024 2023 ROU assets $ 28,765 $ 25,745 Lease liabilities $ 30,868 $ 26,470 Weighted-average remaining lease term (in years) 4.6 5.1 Weighted-average discount rate 10.3 % 10.0 %
Lessee, Operating Lease, Liability, to be Paid, Maturity [Table Text Block]	Fiscal Year Ending October 31, (In thousands) 2025 $ 11,133 2026 10,102 2027 7,585 2028 3,843 2029 1,915 Thereafter 4,085 Total operating lease payments 38,663 Less: imputed interest (7,795 ) Present value of operating lease liabilities $ 30,868

Note 5 - Property, Plant and _2

Note 5 - Property, Plant and Equipment (Tables)	12 Months Ended
	Oct. 31, 2024
Property, Plant and Equipment
Property, Plant and Equipment [Table Text Block]	October 31, (In thousands) 2024 2023 Land and land improvements $ 1,292 $ 1,563 Buildings 5,124 7,828 Building improvements 16,911 16,061 Furniture 2,969 2,793 Equipment 10,903 10,124 Capitalized software 62,902 50,630 Property and equipment 100,101 88,999 Less: accumulated depreciation (56,670 ) (55,053 ) Property and equipment, net $ 43,431 $ 33,946

Note 7 - Mortgage Loans Held _2

Note 7 - Mortgage Loans Held for Sale (Tables)	12 Months Ended
	Oct. 31, 2024
Mortgage Loans Held for Sale
Schedule of activity in loan origination reserves [Table Text Block]	Year Ended October 31, (In thousands) 2024 2023 Loan origination reserves, beginning of period $ 2,013 $ 1,795 Provisions for losses during the period 439 187 Adjustments to pre-existing provisions for losses from changes in estimates 68 31 Loan origination reserves, end of period $ 2,520 $ 2,013

Note 9 - Senior Notes and Cre_2

Note 9 - Senior Notes and Credit Facilities (Tables)	12 Months Ended
	Oct. 31, 2024
Senior Notes and Credit Facilities
Schedule of Long-Term Debt Instruments	October 31, October 31, (In thousands) 2024 2023 Senior Secured Notes: 10.0% Senior Secured 1.75 1 $ - $ 113,502 8.0% Senior Secured 1.125 225,000 225,000 11.75% Senior Secured 1.25 430,000 430,000 Total Senior Secured Notes $ 655,000 $ 768,502 Senior Notes: 13.5% Senior Notes due February 1, 2026 ( 2 $ 26,588 $ 90,590 5.0% Senior Notes due February 1, 2040 ( 2 24,968 90,120 Total Senior Notes $ 51,556 $ 180,710 Senior Unsecured Term Loan Credit Facility due February 1, 2027 ( 2 $ - $ 39,551 Senior Secured 1.75 January 31, 2028 ( 2 $ 175,000 $ 81,498 Senior Secured Revolving Credit Facility ( 3 $ - $ - Subtotal senior notes and credit facilities $ 881,556 $ 1,070,261 Net premiums (discounts) $ 17,340 $ (14,563 ) Unamortized debt issuance costs $ (2,678 ) $ (4,207 ) Total senior notes and credit facilities, net of discounts, premiums and unamortized debt issuance costs $ 896,218 $ 1,051,491 ( 1 On November 15, 2023, 1.75 November 15, 2025. ( 2 On May 21, 2024 93.5 1.75 ( 3 At October 31, 2024 June 30, 2026 3.00 4.00
Schedule of Maturities of Long-Term Debt [Table Text Block]	Fiscal Year Ending October 31, (1) 2025 $ - 2026 26,588 2027 - 2028 400,000 2029 430,000 Thereafter 24,968 Total $ 881,556 ( 1 Does not October 31, 2024

Note 10 - Operating and Repor_2

Note 10 - Operating and Reporting Segments (Tables)	12 Months Ended
	Oct. 31, 2024
Operating and Reporting Segments
Schedule of financial information relating to our reportable segments	Year Ended October 31, (In thousands) 2024 2023 2022 Revenues: Northeast $ 1,036,049 $ 968,851 $ 1,085,081 Southeast 448,902 420,296 323,961 West 1,437,894 1,295,992 1,450,632 Total homebuilding 2,922,845 2,685,139 2,859,674 Financial services 74,064 60,088 61,540 Corporate and unallocated 8,009 10,789 1,017 Total revenues $ 3,004,918 $ 2,756,016 $ 2,922,231 Income before income taxes: Northeast $ 190,477 $ 178,516 $ 177,406 Southeast 77,613 77,750 60,178 West 123,246 114,084 207,519 Total homebuilding 391,336 370,350 445,103 Financial services 24,124 19,365 19,121 Corporate and unallocated ( 1 (98,371 ) (133,764 ) (144,471 ) Income before income taxes $ 317,089 $ 255,951 $ 319,753 ( 1 Corporate and unallocated for the year ended October 31, 2024 October 31, 2023 October 31, 2022 October 31, (In thousands) 2024 2023 Assets: Northeast $ 664,064 $ 483,784 Southeast 296,058 286,701 West 889,704 733,318 Total homebuilding 1,849,826 1,503,803 Financial services 203,589 168,671 Corporate and unallocated 552,159 820,466 Total assets $ 2,605,574 $ 2,492,940 October 31, (In thousands) 2024 2023 Investments in and advances to unconsolidated joint ventures: Northeast $ 79,659 $ 56,758 Southeast 55,344 35,262 West 6,348 4,503 Total homebuilding 141,351 96,523 Corporate and unallocated 1,559 1,363 Total investments in and advances to unconsolidated joint ventures $ 142,910 $ 97,886 Year Ended October 31, (In thousands) 2024 2023 2022 Homebuilding interest expense: Northeast $ 33,459 $ 32,071 $ 31,552 Southeast 21,071 20,055 17,403 West 66,029 65,068 55,056 Total homebuilding 120,559 117,194 104,011 Corporate and unallocated - 17,707 28,572 Financial services interest expense (income) ( 1 125 1 (213 ) Total interest expense, net $ 120,684 $ 134,902 $ 132,370 ( 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) 2024 2023 2022 Depreciation: Northeast $ 1,241 $ 4,352 $ 1,542 Southeast 392 444 291 West 1,475 1,325 1,298 Total homebuilding 3,108 6,121 3,131 Financial services 251 - 5 Corporate and unallocated 4,371 2,677 2,321 Total depreciation $ 7,730 $ 8,798 $ 5,457 Year Ended October 31, (In thousands) 2024 2023 2022 Net additions to property and equipment: Northeast $ 1,211 $ 1,678 $ 1,848 Southeast 1,172 263 229 West 1,578 1,599 1,841 Total homebuilding 3,961 3,540 3,918 Financial services 621 1,040 28 Corporate and unallocated 13,277 14,241 8,646 Total net additions to property and equipment $ 17,859 $ 18,821 $ 12,592 Year Ended October 31, (In thousands) 2024 2023 2022 Equity in earnings from unconsolidated joint ventures: Northeast $ 26,899 $ 27,253 $ 12,674 Southeast 19,459 15,696 16,359 West 5,904 211 - Total equity in earnings from unconsolidated joint ventures $ 52,262 $ 43,160 $ 29,033

Note 11 - Income Taxes (Tables)

Note 11 - Income Taxes (Tables)	12 Months Ended
	Oct. 31, 2024
Income Taxes
Schedule of Components of Income Tax Payable Receivable [Table Text Block]	October 31, (In thousands) 2024 2023 State income taxes: Current $ 5,479 $ 1,861 Deferred (76,571 ) (74,110 ) Federal income taxes: Current - - Deferred (164,493 ) (228,723 ) Total $ (235,585 ) $ (300,972 )
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]	Year Ended October 31, (In thousands) 2024 2023 2022 Current income tax expense: Federal ( 1 $ - $ - $ - State ( 2 13,312 8,101 13,377 Total current income tax expense: 13,312 8,101 13,377 Federal 64,230 46,821 60,064 State (2,461 ) (4,862 ) 20,822 Total deferred income tax expense: 61,769 41,959 80,886 Total $ 75,081 $ 50,060 $ 94,263 ( 1 The current federal income tax expense is net of the use of federal net operating losses totaling $290.1 million (tax effected $60.9 million), $221.2 million (tax effected $46.4 million) and $306.0 million (tax effected $64.3 million) for the years ended October 31, 2024 2023 2022 , respectively. ( 2 The current state income tax expense is net of the use of state net operating losses totaling $110.0 million (tax effected $8.6 million), $113.3 million (tax effected $8.3 million) and $80.1 million (tax effected $5.8 million) for the years ended October 31, 2024 2023 2022
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]	October 31, (In thousands) 2024 2023 Deferred tax assets: Impairments $ 22,742 $ 26,168 Capitalized expenses 4,420 3,692 Warranty reserves 4,319 4,439 Incentive compensation 13,777 15,252 Provision for losses 15,236 16,915 Federal net operating losses 87,041 147,841 State net operating losses 123,673 136,257 Tax credit carryforwards 27,482 21,260 Other 10,699 9,631 Total deferred tax assets 309,389 381,455 Deferred tax liabilities: Inventory valuation differences (8,610 ) - Joint ventures (4,017 ) (6,743 ) Total deferred tax liabilities (12,627 ) (6,743 ) Valuation allowance (55,698 ) (71,879 ) Deferred tax assets, net $ 241,064 $ 302,833
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]	Year Ended October 31, 2024 2023 2022 Federal statutory income tax rate 21.0 % 21.0 % 21.0 % State income taxes, net of federal income tax benefit 6.6 6.1 5.0 Non-deductible compensation 2.3 1.4 1.2 Permanent differences, net (0.1 ) (0.4 ) (0.4 ) Deferred tax asset valuation allowance (4.1 ) (6.3 ) 4.8 Tax credits (2.0 ) (2.2 ) (2.0 ) Other - - (0.1 ) Effective tax rate 23.7 % 19.6 % 29.5 %

Note 12 - Reduction of Invent_2

Note 12 - Reduction of Inventory to Fair Value (Tables)	12 Months Ended
	Oct. 31, 2024
Reduction of Inventory to Fair Value
Inventory Impairment [Table Text Block]	(Dollars in millions) Year Ended October 31, 2024 Dollar Pre- Number of Amount of Impairment Communities Impairment Value ( 1 Northeast 2 $ 4.8 $ 16.0 Southeast - - - West 2 5.2 25.0 Total 4 $ 10.0 $ 41.0 (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 ( 1 Represents carrying value, net of prior period impairments, if any, at the time of recording the applicable period’s impairments.
Write Offs and Lots Walked Away From [Table Text Block]	Year Ended October 31, (In millions) 2024 2023 2022 Northeast $ 0.4 $ 0.5 $ 0.4 Southeast 0.9 0.5 0.9 West 0.3 0.5 4.4 Total $ 1.6 $ 1.5 $ 5.7

Note 13 - Per Share Calculati_2

Note 13 - Per Share Calculations (Tables)	12 Months Ended
	Oct. 31, 2024
Per Share Calculations
Schedule of basic and diluted earnings per share	Year Ended October 31, (In thousands, except per share data) 2024 2023 2022 Numerator: Net income $ 242,008 $ 205,891 $ 225,490 Less: preferred stock dividends (10,675 ) (10,675 ) (10,675 ) Less: undistributed earnings allocated to participating securities (8,454 ) (16,027 ) (19,702 ) Numerator for basic earnings per share $ 222,879 $ 179,189 $ 195,113 Plus: undistributed earnings allocated to participating securities 8,454 16,027 19,702 Less: undistributed earnings reallocated to participating securities (8,605 ) (16,058 ) (19,717 ) Numerator for diluted earnings per share $ 222,728 $ 179,158 $ 195,098 Denominator: Denominator for basic earnings per share – weighted average shares outstanding 6,479 6,230 6,437 Effect of dilutive securities: Stock-based payments 528 436 291 Denominator for diluted earnings per share – weighted-average shares outstanding 7,007 6,666 6,728 Basic earnings per share $ 34.40 $ 28.76 $ 30.31 Diluted earnings per share $ 31.79 $ 26.88 $ 29.00

Note 15 - Share-based Compens_2

Note 15 - Share-based Compensation Plans (Tables)	12 Months Ended
	Oct. 31, 2024
Stock-Based Compensation Plans
Share-Based Payment Arrangement, Option, Activity [Table Text Block]	October 31, Weighted-Average Weighted- Remaining Contractual Aggregate 2024 Exercise Price Life (Years) Intrinsic Value Stock options outstanding at beginning of period 143,547 $ $34.63 Granted - $ - Exercised (12,533 ) $ $ 70.55 Forfeited - $ - Expired - $ - Stock options outstanding at end of period 131,014 $ $ 31.19 3.6 $ $18,977,000 Stock options exercisable at end of period 131,014 $ $ 31.19 3.6 $ $18,977,000
Schedule of Nonvested Share Activity [Table Text Block]	October 31, Weighted-Average Grant Date 2024 Fair Value Nonvested time-based at beginning of period 132,143 $ $52.79 Granted 62,988 $ $114.65 Vested ( 1 (78,627 ) $ $37.35 Forfeited (4,735 ) $ $92.19 Nonvested time-based at end of period 111,769 $ $96.73 The following table summarizes nonvested performance-based LTIP, PSU and MSU share activity as of October 31, 2024 October 31, Weighted-Average Grant Date 2024 Fair Value Nonvested performance-based at beginning of period 581,500 $ $73.90 Granted 140,593 $ $84.51 Vested ( 1 (358,825 ) $ $50.92 Forfeited (10,067 ) $ $67.20 Nonvested performance-based at end of period 353,201 $ $57.98 ( 1 Includes 9,058 time-based vested share awards and 329,583 performance-based vested share awards which were deferred and not October 31, 2024

Note 16 - Warranty Costs (Table

Note 16 - Warranty Costs (Tables)	12 Months Ended
	Oct. 31, 2024
Warranty Costs
Schedule of Product Warranty Liability [Table Text Block]	Year Ended October 31, (In thousands) 2024 2023 Balance, beginning of period $ 98,919 $ 97,719 Additions: Selling, general and administrative 8,891 7,140 Additions: Cost of sales 10,608 6,807 Charges incurred during the period (32,004 ) (22,080 ) Changes to pre-existing reserves 2,977 9,333 Balance, end of period $ 89,391 $ 98,919

Note 20 - Investments in Unco_2

Note 20 - Investments in Unconsolidated Homebuilding and Land Development Joint Ventures (Tables)	12 Months Ended
	Oct. 31, 2024
Investments in Unconsolidated Homebuilding and Land Development Joint Ventures
Equity Method Investments [Table Text Block]	October 31, 2024 Land (In thousands) Homebuilding Development Total Assets: Cash and cash equivalents $ 130,532 $ - $ 130,532 Inventories 402,628 - 402,628 Other assets 311,955 - 311,955 Total assets $ 845,115 $ - $ 845,115 Liabilities and equity: Accounts payable and accrued liabilities $ 469,320 $ - $ 469,320 Notes payable 88,653 - 88,653 Total liabilities 557,973 - 557,973 Equity of: Hovnanian Enterprises, Inc. 140,540 - 140,540 Others 146,602 - 146,602 Total equity 287,142 - 287,142 Total liabilities and equity $ 845,115 $ - $ 845,115 Debt to capitalization ratio 24 % 0 % 24 % 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 % For The Year Ended October 31, 2024 Land (In thousands) Homebuilding Development Total Revenues $ 552,727 $ - $ 552,727 Cost of sales and expenses (484,967 ) 445 (484,522 ) Joint venture net income $ 67,760 $ 445 $ 68,205 Our share of net income $ 52,142 $ 121 $ 52,263 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

Note 21 - Fair Value of Finan_2

Note 21 - Fair Value of Financial Instruments (Tables)	12 Months Ended
	Oct. 31, 2024
Fair Value of Financial Instruments
Schedule of financial instruments measured at fair value on a recurring basis	Fair Value at Fair Value at Fair Value October 31, October 31, (In thousands) Hierarchy 2024 2023 Mortgage loans held for sale (1) Level 2 $ 148,925 $ 130,235 ( 1 The aggregate unpaid principal balance was $ 149.4 October 31, 2024 2023
Schedule of change in fair value included in financial services revenue	Year Ended October 31, 2024 Mortgage Interest Rate Loans Held Lock Forward (In thousands) for Sale Commitments Contracts Change in fair value included in financial services revenue $ (497) $ - $ - 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
Schedule of assets measured at fair value on a nonrecurring basis	Year Ended October 31, 2024 (In thousands) Fair Pre- Value Impairment Hierarchy Amount Total Losses Fair Value Land and land options held for future development or sale Level 3 $ 41,061 $ (9,992) $ 31,069
Schedule of fair value of each series of Notes and Credit Facilities	Fair Value as of October 31, 2024 (In thousands) Level 1 Level 2 Level 3 Total Senior Secured Notes: 8.0% Senior Secured 1.125 - 231,068 - 231,068 11.75% Senior Secured 1.25 - 474,561 - 474,561 Senior Notes: 13.5% Senior Notes due February 1, 2026 - - 27,020 27,020 5.0% Senior Notes due February 1, 2040 - 11,485 - 11,485 Senior Credit Facilities: Senior Secured 1.75 - - 190,041 190,041 Total fair value $ - $ 717,114 $ 217,061 $ 934,175 Fair Value as of October 31, 2023 (In thousands) Level 1 Level 2 Level 3 Total Senior Secured Notes: 10.0% Senior Secured 1.75 - 113,843 - 113,843 8.0% Senior Secured 1.125 - - 230,690 230,690 11.75% Senior Secured 1.25 - 476,655 - 476,655 Senior Notes: 13.5% Senior Notes due February 1, 2026 - - 95,062 95,062 5.0% Senior Notes due 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 - - 81,742 81,742 Total fair value $ - $ 590,498 $ 487,371 $ 1,077,869

Supplemental Disclosure of No_2

Supplemental Disclosure of Non-cash Operating and Investing Activities (Details Textual) - USD ($) $ in Millions		3 Months Ended			12 Months Ended
	Nov. 15, 2023	Jul. 31, 2024	Jul. 31, 2023	Apr. 30, 2023	Oct. 31, 2024	Oct. 31, 2023
Supplemental disclosure of noncash investing and financing activities
Debt Instrument, Maturity Date	Nov. 15, 2025
Senior Unsecured Term Loan Credit Facility Due 2027 [Member]
Supplemental disclosure of noncash investing and financing activities
Debt Instrument, Maturity Date					Feb. 01, 2027	Feb. 01, 2027
Unsecured Senior Notes [Member] | The 13.5% Senior Notes Due 2026 [Member]
Supplemental disclosure of noncash investing and financing activities
Debt Instrument, Face Amount		$ 64
Debt instrument, interest rate, stated percentage		13.50%
Debt Instrument, Maturity Date		Feb. 01, 2026
Unsecured Senior Notes [Member] | The 5.0% Senior Notes due 2040 [Member]
Supplemental disclosure of noncash investing and financing activities
Debt Instrument, Face Amount		$ 65.2
Debt instrument, interest rate, stated percentage		5%
Debt Instrument, Maturity Date		Feb. 01, 2040
Unsecured Senior Term Loan [Member] | The 13.5% Senior Notes Due 2026 and Senior Unsecured Term Loan Credit Facility Due 2027 [Member]
Supplemental disclosure of noncash investing and financing activities
Debt Instrument, Redeemed, Face Amount		$ 31.5
Unsecured Senior Term Loan [Member] | Senior Unsecured Term Loan Credit Facility Due 2027 [Member]
Supplemental disclosure of noncash investing and financing activities
Debt Instrument, Face Amount		$ 39.6
Debt Instrument, Maturity Date		Feb. 01, 2027
Senior Secured Term Loan [Member] | Senior Secured 1.75 Lien Term Loan Credit Facility Due January 31, 2028 [Member]
Supplemental disclosure of noncash investing and financing activities
Debt Instrument, Face Amount		$ 93.5
Debt Instrument, Maturity Date		Jan. 31, 2028
Consolidated Joint Venture [Member]
Supplemental disclosure of noncash investing and financing activities
Reduction in Investment from Consolidation of Remining Interest in Joint Venture		$ 33.1	$ 53.4	$ 10.8
Increase in inventories		123.7	95.3	14.9
Increase in other assets		7	3.8
Increase in accounts payable		8.8	14.5	$ 5.3
Increase in Customers’ deposits		6.5	7.3
Increase in nonrecourse mortgages and notes, net of debt issuance costs		$ 36.6	$ 4.8

Note 1 - Basis of Presentation

Note 1 - Basis of Presentation (Details Textual)	Oct. 31, 2024
Organization Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Percentage of equity interest in a consolidated joint venture that is not owned by the Company directly or indirectly	100%

Note 2 - Business (Details Text

Note 2 - Business (Details Textual) - Item	12 Months Ended
	Oct. 31, 2024	Oct. 31, 2023	Oct. 30, 2022
Nature of Operations Disclosure [Line Items]
Number of Communities	130
Homebuilding [Member]
Nature of Operations Disclosure [Line Items]
Number of Reportable Segments	3
Homebuilding [Member] | Segment Concentration Risk [Member] | Revenue Benchmark [Member]
Nature of Operations Disclosure [Line Items]
Concentration Risk, Percentage	98%	98%	98%

Note 3 - Summary of Significa_3

Note 3 - Summary of Significant Accounting Policies (Details Textual) - USD ($) $ in Thousands		12 Months Ended
		Oct. 31, 2024	Oct. 31, 2023	Oct. 31, 2022
Summary of Significant Accounting Policies
Cash Equivalents, at Carrying Value		$ 13,600	$ 11,400
General Liability Insurance Deductible		30,000	25,000
Other interest	[1]	30,752	54,082	$ 47,343
Advertising Expense		17,200	15,400	10,600
Accounts Receivable, Allowance for Credit Loss		13,000	12,800
CALIFORNIA
Summary of Significant Accounting Policies
Bodily Injury Insurance Deductible		500	500
Bodily Injury Insurance Limit		30,000	5,000
All States Other Than California [Member]
Summary of Significant Accounting Policies
Bodily Injury Insurance Deductible		250	250
Bodily Injury Insurance Limit		$ 30,000	5,000
Maximum [Member]
Summary of Significant Accounting Policies
Joint Venture Voting Interest Percentage		50%
Minimum [Member]
Summary of Significant Accounting Policies
Joint Venture Voting Interest Percentage		20%
Qualifying Assets Not Exceeding Debt [Member]
Summary of Significant Accounting Policies
Other interest			17,700	28,600
Completed Homes, Land in Planning and Fully Developed Lots without Homes under Construction [Member]
Summary of Significant Accounting Policies
Other interest		$ 30,800	36,400	$ 18,800
Building and Building Improvements [Member]
Summary of Significant Accounting Policies
Property, Plant and Equipment, Useful Life (Year)		39 years
Furniture and Fixtures [Member] | Maximum [Member]
Summary of Significant Accounting Policies
Property, Plant and Equipment, Useful Life (Year)		7 years
Furniture and Fixtures [Member] | Minimum [Member]
Summary of Significant Accounting Policies
Property, Plant and Equipment, Useful Life (Year)		5 years
Equipment [Member] | Maximum [Member]
Summary of Significant Accounting Policies
Property, Plant and Equipment, Useful Life (Year)		7 years
Equipment [Member] | Minimum [Member]
Summary of Significant Accounting Policies
Property, Plant and Equipment, Useful Life (Year)		5 years
Software and Software Development Costs [Member] | Maximum [Member]
Summary of Significant Accounting Policies
Property, Plant and Equipment, Useful Life (Year)		5 years
Software and Software Development Costs [Member] | Minimum [Member]
Summary of Significant Accounting Policies
Property, Plant and Equipment, Useful Life (Year)		3 years
Homebuilding [Member]
Summary of Significant Accounting Policies
Land parcels held for sale		$ 5,100	0
Homebuilding [Member] | Model Sale Leaseback Financing Arrangements [Member]
Summary of Significant Accounting Policies
Inventory Real Estate, Other Options		46,100	41,700
Liabilities from Inventory Real Estate Not Owned		46,200	42,000
Homebuilding [Member] | Land Banking Arrangement [Member]
Summary of Significant Accounting Policies
Inventory Real Estate, Other Options		164,900	183,100
Liabilities from Inventory Real Estate Not Owned		$ 94,100	$ 82,300
[1] O th e not not exceed our debt, which amounted to $ 17.7 million and $28.6 million for the years ended October 31, 2023 and 2022 October 31, 2024 not October 31, 2024 2023 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, 2024		Oct. 31, 2023		Oct. 31, 2022
Summary of Significant Accounting Policies
Interest capitalized at beginning of year		$ 52,060	[1]	$ 59,600	[1]	$ 58,159
Plus interest incurred(1)	[2]	128,777		136,535		134,024
Less cost of sales interest expensed		(89,807)		(80,820)		(85,240)
Less other interest expensed(2)	[3]	(30,752)		(54,082)		(47,343)
Less interest contributed to unconsolidated joint ventures(3)	[4]	(5,468)		(9,456)		0
Plus interest acquired from unconsolidated joint ventures(4)	[5]	2,861		283		0
Interest capitalized at end of year(5)	[1]	$ 57,671		$ 52,060		$ 59,600
[1] Capitalized interest amounts are shown gross before allocating any portion of impairments, if any, to capitalized interest. Does not O th e not not exceed our debt, which amounted to $ 17.7 million and $28.6 million for the years ended October 31, 2023 and 2022 October 31, 2024 not October 31, 2024 2023 2022 , respectively . Represents capitalized interest which was included as part of the assets contributed to joint ventures, as discussed in Note 20 no Represents capitalized interest which was included as part of the assets acquired from joint ventures, as discussed in Note 20 no

Note 4 - Leases (Details Textua

Note 4 - Leases (Details Textual) - USD ($)	12 Months Ended
	Oct. 31, 2024	Oct. 31, 2023
Statement [Line Items]
Increase (Decrease) in Operating Lease Liability	$ 13,900
Operating Lease, Liability, Statement of Financial Position	Accounts payable and other liabilities	Accounts payable and other liabilities
Operating Lease, Right-of-Use Asset, Statement of Financial Position	Prepaid expenses and other assets	Prepaid expenses and other assets
Minimum [Member] | Office Leases [Member]
Statement [Line Items]
Lessee, Operating Lease, Term of Contract (Year)	3 years
Maximum [Member] | Office Leases [Member]
Statement [Line Items]
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, 2024	Oct. 31, 2023	Oct. 31, 2022
Leases
Operating lease costs	$ 11,485	$ 11,059	$ 10,483
Cash payments on lease liabilities	9,344	9,293	$ 9,605
ROU assets	28,765	25,745
Lease liabilities	$ 30,868	$ 26,470
Weighted-average remaining lease term (in years)	4 years 7 months 6 days	5 years 1 month 6 days
Weighted-average discount rate	10.30%	10%

Note 4 - Leases - Maturities of

Note 4 - Leases - Maturities of Operating Lease Liabilities (Details) - USD ($) $ in Thousands	Oct. 31, 2024	Oct. 31, 2023
Leases
2025	$ 11,133
2026	10,102
2027	7,585
2028	3,843
2029	1,915
Thereafter	4,085
Total operating lease payments	38,663
Less: imputed interest	(7,795)
Present value of operating lease liabilities	$ 30,868	$ 26,470

Note 5 - Property, Plant and _3

Note 5 - Property, Plant and Equipment - Property, Plant and Equipment (Details) - USD ($) $ in Thousands	Oct. 31, 2024	Oct. 31, 2023
Property Plant And Equipment [Line Items]
Property, plant and equipment, gross	$ 100,101	$ 88,999
Less: accumulated depreciation	(56,670)	(55,053)
Property and equipment, net	43,431	33,946
Land and Land Improvements [Member]
Property Plant And Equipment [Line Items]
Property, plant and equipment, gross	1,292	1,563
Building [Member]
Property Plant And Equipment [Line Items]
Property, plant and equipment, gross	5,124	7,828
Building Improvements [Member]
Property Plant And Equipment [Line Items]
Property, plant and equipment, gross	16,911	16,061
Furniture
Property Plant And Equipment [Line Items]
Property, plant and equipment, gross	2,969	2,793
Equipment [Member]
Property Plant And Equipment [Line Items]
Property, plant and equipment, gross	10,903	10,124
Capitalized software
Property Plant And Equipment [Line Items]
Property, plant and equipment, gross	$ 62,902	$ 50,630

Note 6 - Restricted Cash and _2

Note 6 - Restricted Cash and Customers' Deposits (Details Textual) - USD ($) $ in Thousands	Oct. 31, 2024	Oct. 31, 2023	Oct. 31, 2022
Home Building [Member]
Cash and Cash Equivalents [Line Items]
Restricted Cash and Cash Equivalents	$ 7,875	$ 8,431	$ 13,382
Financial Services [Member]
Cash and Cash Equivalents [Line Items]
Restricted Cash and Cash Equivalents	42,321	30,450	$ 36,142
Restricted Cash	42,300	30,500
Financial Services [Member] | Customer Deposits [Member]
Cash and Cash Equivalents [Line Items]
Restricted Cash	39,200	28,100
Financial Services [Member] | Mortgage Warehouse Lines of Credit [Member]
Cash and Cash Equivalents [Line Items]
Restricted Cash	$ 3,100	$ 2,400

Note 7 - Mortgage Loans Held _3

Note 7 - Mortgage Loans Held for Sale (Details Textual) - Collateralized Debt Obligations [Member]	Oct. 31, 2024 USD ($) NUMBER	Oct. 31, 2023 USD ($) NUMBER
Mortgage Loans Held for Sale
Mortgages held for sale, pledged | $	$ 145,700	$ 127,700
Number of Loans Reserved For | NUMBER	10	10

Note 7 - Mortgage Loans Held _4

Note 7 - Mortgage Loans Held for Sale - Loan Origination Reserves (Details) - Collateralized Debt Obligations [Member] - USD ($) $ in Thousands	12 Months Ended
	Oct. 31, 2024	Oct. 31, 2023
Loan origination reserves
Loan origination reserves, beginning of period	$ 2,013	$ 1,795
Provisions for losses during the period	439	187
Adjustments to pre-existing provisions for losses from changes in estimates	68	31
Loan origination reserves, end of period	$ 2,520	$ 2,013

Note 8 - Mortgages (Details Tex

Note 8 - Mortgages (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Oct. 31, 2024	Jul. 24, 2024	Oct. 31, 2023
JP Morgan Chase Bank [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	$ 50,000
Warehouse Agreement Borrowings	$ 7,300		$ 31,400
JP Morgan Chase Bank [Member] | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member] | Minimum [Member]
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate	2%
JP Morgan Chase Bank [Member] | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member] | Maximum [Member]
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate	2.25%
Customers Bank [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	$ 100,000	$ 75,000
Warehouse Agreement Borrowings	$ 78,600		41,100
Line of Credit Facility, Maximum Borrowing Capacity Reversion After Initial Period		$ 50,000
Customers Bank [Member] | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member] | Minimum [Member]
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate	2.125%
Customers Bank [Member] | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member] | Maximum [Member]
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate	4.50%
Hinsdale Bank & Trust Company, N.A. [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	$ 50,000
Warehouse Agreement Borrowings	$ 45,500
Hinsdale Bank & Trust Company, N.A. [Member] | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate	1.75%
Debt Instrument Variable Rate Basis Floor Rate	2.75%
Nonrecourse Mortgages Secured By Inventory [Member] | Mortgages [Member] | Homebuilding [Member]
Debt Instrument [Line Items]
Secured Debt	$ 90,700		91,500
Debt Instrument, Collateral Amount	$ 249,700		$ 331,600
Debt, Weighted Average Interest Rate	8.70%		8.50%

Note 9 - Senior Notes and Cre_3

Note 9 - Senior Notes and Credit Facilities (Details Textual) - USD ($)

3 Months Ended

12 Months Ended

May 21, 2024

Nov. 15, 2023

Oct. 05, 2023

Aug. 29, 2023

May 30, 2023

Oct. 31, 2024

Jul. 31, 2024

Apr. 30, 2024

Jan. 31, 2024

Oct. 31, 2023

Jul. 31, 2023

Apr. 30, 2023

Jan. 31, 2023

Oct. 31, 2022

Jul. 31, 2022

Apr. 30, 2022

Jan. 31, 2022

Oct. 31, 2024

Oct. 31, 2023

Oct. 31, 2022

Sep. 25, 2023

Sep. 24, 2023

Sep. 07, 2023

Debt Instrument [Line Items]

Debt Instrument, Maturity Date

Nov. 15, 2025

Debt Covenant Fixed Charge Coverage Ratio Minimum

2

2

Secured Debt Leverage Ratio

4

4

Repayments of Senior Debt

$ 145,000,000

$ 752,182,000

$ 103,875,000

Gain (loss) on extinguishment of debt, net

1,371,000

(25,638,000)

(6,795,000)

Proceeds from Issuance of Secured Debt

0

640,925,000

0

Preferred dividends paid

$ 2,700,000

$ 2,700,000

$ 2,700,000

$ 2,700,000

$ 2,700,000

$ 2,700,000

$ 2,700,000

$ 2,700,000

$ 2,700,000

$ 2,700,000

$ 2,700,000

$ 2,700,000

10,675,000

10,675,000

$ 10,675,000

Potential Conversion of Specified Junior Debt To Additional Lien Notes [Member]

Debt Instrument [Line Items]

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 Instrument [Line Items]

Debt Conversion, Converted Instrument, Amount

$ 150,000,000

Senior Secured Revolving Credit Facility [Member]

Debt Instrument [Line Items]

Line of Credit Facility, Maximum Borrowing Capacity

$ 125,000,000

$ 125,000,000

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]

Debt Instrument [Line Items]

Line of Credit Facility, Variable Rate Floor

3%

3%

Senior Secured Revolving Credit Facility [Member] | Alternate Base Rate [Member]

Debt Instrument [Line Items]

Line of Credit Facility, Variable Rate Floor

4%

4%

Senior Secured Term Loan [Member]

Debt Instrument [Line Items]

Debt Instrument, Face Amount

$ 175,000,000

$ 175,000,000

Senior Secured Notes [Member]

Debt Instrument [Line Items]

Gain (loss) on extinguishment of debt, net

17,900,000

Unsecured Senior Notes [Member]

Debt Instrument [Line Items]

Debt Instrument, Face Amount

$ 51,600,000

Senior Secured Revolving Credit Facility [Member]

Debt Instrument [Line Items]

Debt Instrument, Maturity Date

Jun. 30, 2026

Line of Credit Facility, Maximum Borrowing Capacity

$ 125,000,000

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]

Debt Instrument [Line Items]

Line of Credit Facility, Variable Rate Floor

3%

Line of Credit Facility, Applicable Margin

4.50%

4.50%

4.50%

Senior Secured Revolving Credit Facility [Member] | Alternate Base Rate [Member]

Debt Instrument [Line Items]

Line of Credit Facility, Variable Rate Floor

4%

Line of Credit Facility, Applicable Margin

3.50%

3.50%

3.50%

The 10.0% Senior Secured 1.75 Lien Notes due 2025 [Member] | Senior Secured Term Loan [Member] | Exchange Agreements [Member]

Debt Instrument [Line Items]

Debt Instrument, Maturity Date

Jan. 31, 2028

Debt instrument, interest rate, stated percentage

10%

10%

The 10.0% Senior Secured 1.75 Lien Notes due 2025 [Member] | Senior Secured Notes [Member]

Debt Instrument [Line Items]

Debt Instrument, Maturity Date

Nov. 15, 2025

Nov. 15, 2025

Debt Instrument, Redeemed, Face Amount

$ 113,500,000

Debt instrument, interest rate, stated percentage

10%

10%

10%

10%

10%

10%

Repayments of Senior Debt

$ 119,200,000

Gain (loss) on extinguishment of debt, net

$ 1,400,000

$ 200,000

Debt Instrument, Repurchased Face Amount

$ 45,000,000

Debt Instrument, Repurchase Amount

$ 46,700,000

The 8.0% Senior Notes Due 2027 [Member] | Senior Secured Notes [Member]

Debt Instrument [Line Items]

Debt Instrument, Redeemed, Face Amount

$ 26,000,000

$ 26,000,000

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 [Line Items]

Debt Instrument, Maturity Date

Nov. 01, 2027

Debt instrument, interest rate, stated percentage

8%

8%

The 7.75% Senior Secured 1.125 Lien Notes due February 15, 2026 [Member] | Senior Secured Notes [Member]

Debt Instrument [Line Items]

Debt Instrument, Redeemed, Face Amount

50,000,000

$ 100,000,000

$ 100,000,000

Debt instrument, interest rate, stated percentage

7.75%

Repayments of Senior Debt

$ 51,500,000

102,200,000

$ 104,200,000

Gain (loss) on extinguishment of debt, net

$ (3,800,000)

$ (4,100,000)

The 8.0% Senior Secured 1.125 Lien Notes Due 2028 [Member] | Senior Secured Notes [Member]

Debt Instrument [Line Items]

Debt Instrument, Maturity Date

Sep. 30, 2028

Sep. 30, 2028

Debt instrument, interest rate, stated percentage

8%

8%

8%

8%

8%

Proceeds from Issuance of Secured Debt

$ 225,000,000

The 11.75% Senior Secured 1.25 Lien Notes Due 2029 [Member] | Senior Secured Term Loan [Member] | Exchange Agreements [Member]

Debt Instrument [Line Items]

Debt instrument, interest rate, stated percentage

11.75%

11.75%

The 11.75% Senior Secured 1.25 Lien Notes Due 2029 [Member] | Senior Secured Notes [Member]

Debt Instrument [Line Items]

Debt Instrument, Maturity Date

Sep. 30, 2029

Sep. 30, 2029

Debt instrument, interest rate, stated percentage

11.75%

11.75%

11.75%

11.75%

11.75%

Proceeds from Issuance of Secured Debt

$ 430,000,000

Debt Instrument, Redemption Price, Percentage

11.75%

The 11.75% Senior Secured 1.25 Lien Notes Due 2029 [Member] | Senior Secured Notes [Member] | Redeemable Prior to September 30, 2025 [Member]

Debt Instrument [Line Items]

Debt Instrument, Redemption Price, Percentage

100%

The 11.75% Senior Secured 1.25 Lien Notes Due 2029 [Member] | Senior Secured Notes [Member] | Principal Commencing September 30, 2027 [Member]

Debt Instrument [Line Items]

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 [Line Items]

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 [Line Items]

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 [Line Items]

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 [Line Items]

Debt Instrument, Redeemed, Face Amount

$ 282,300,000

Debt instrument, interest rate, stated percentage

10.50%

Repayments of Senior Debt

$ 293,900,000

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 [Line Items]

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 [Line Items]

Debt Instrument, Redeemed, Face Amount

$ 162,300,000

Debt instrument, interest rate, stated percentage

11.25%

Repayments of Senior Debt

$ 164,800,000

Senior Secured Revolving Credit Facility [Member]

Debt Instrument [Line Items]

Line of Credit Facility, Maximum Borrowing Capacity

$ 125,000,000

$ 125,000,000

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]

Debt Instrument [Line Items]

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]

Debt Instrument [Line Items]

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]

Debt Instrument [Line Items]

Debt instrument, interest rate, stated percentage

10%

10%

The 8.0% Senior Secured 1.125 Lien Notes Due September 30, 2028 [Member] | Redeemable Prior to September 30, 2025 [Member]

Debt Instrument [Line Items]

Debt Instrument, Redemption Price, Percentage

100%

The 8.0% Senior Secured 1.125 Lien Notes Due September 30, 2028 [Member] | Senior Secured Notes [Member]

Debt Instrument [Line Items]

Debt Instrument, Maturity Date

Sep. 30, 2028

Sep. 30, 2028

Debt instrument, interest rate, stated percentage

8%

8%

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 [Line Items]

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 [Line Items]

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 [Line Items]

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 [Line Items]

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 [Line Items]

Debt Instrument, Redemption Price, Percentage

108%

Senior Secured 1.75 Lien Term Loan Credit Facility Due January 31, 2028 [Member]

Debt Instrument [Line Items]

Debt Instrument, Maturity Date

Jan. 31, 2028

Senior Secured 1.75 Lien Term Loan Credit Facility Due January 31, 2028 [Member] | After November 15, 2023 [Member]

Debt Instrument [Line Items]

Debt instrument, interest rate, stated percentage

100%

100%

Senior Secured 1.75 Lien Term Loan Credit Facility Due January 31, 2028 [Member] | Senior Secured Term Loan [Member] | Exchange Agreements [Member]

Debt Instrument [Line Items]

Debt Instrument, Maturity Date

Jan. 31, 2028

Debt Instrument, Face Amount

$ 93,500,000

$ 93,500,000

$ 93,500,000

The 13.5% Senior Notes Due 2026 [Member] | Senior Secured Term Loan [Member] | Exchange Agreements [Member]

Debt Instrument [Line Items]

Debt Instrument, Face Amount

$ 42,500,000

The 13.5% Senior Notes Due 2026 [Member] | Unsecured Senior Notes [Member]

Debt Instrument [Line Items]

Debt Instrument, Maturity Date

Feb. 01, 2026

Feb. 01, 2026

Debt instrument, interest rate, stated percentage

13.50%

13.50%

13.50%

13.50%

13.50%

Debt Instrument, Face Amount

$ 26,600,000

The 13.5% Senior Notes Due 2026 [Member] | Unsecured Senior Notes [Member] | Exchange Agreements [Member]

Debt Instrument [Line Items]

Debt Instrument, Maturity Date

Feb. 01, 2026

Debt Instrument, Redeemed, Face Amount

$ 21,500,000

Debt instrument, interest rate, stated percentage

13.50%

Debt Instrument, Face Amount

$ 64,000,000

The 13.5% Senior Notes Due 2026 [Member] | Unsecured Senior Notes [Member] | Debt Instrument, Redemption, Period One [Member]

Debt Instrument [Line Items]

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 [Line Items]

Debt Instrument, Redemption Price, Percentage

100%

The 5.0% Senior Notes due 2040 [Member] | Unsecured Senior Term Loan [Member] | Exchange Agreements [Member]

Debt Instrument [Line Items]

Debt Instrument, Face Amount

$ 31,400,000

The 5.0% Senior Notes due 2040 [Member] | Unsecured Senior Notes [Member]

Debt Instrument [Line Items]

Debt Instrument, Maturity Date

Feb. 01, 2040

Feb. 01, 2040

Debt instrument, interest rate, stated percentage

5%

5%

5%

5%

5%

Debt Instrument, Face Amount

$ 25,000,000

The 5.0% Senior Notes due 2040 [Member] | Unsecured Senior Notes [Member] | Exchange Agreements [Member]

Debt Instrument [Line Items]

Debt Instrument, Maturity Date

Feb. 01, 2040

Debt instrument, interest rate, stated percentage

5%

Debt Instrument, Face Amount

$ 65,200,000

The 5.0% Senior Notes due 2040 [Member] | Unsecured Senior Notes [Member] | Debt Instrument, Redemption, Period One [Member]

Debt Instrument [Line Items]

Debt Instrument, Redemption Price, Percentage

100%

Senior Unsecured Term Loan Credit Facility Due 2027 [Member]

Debt Instrument [Line Items]

Debt Instrument, Maturity Date

Feb. 01, 2027

Senior Unsecured Term Loan Credit Facility Due 2027 [Member] | Senior Secured Term Loan [Member] | Exchange Agreements [Member]

Debt Instrument [Line Items]

Debt Instrument, Face Amount

19,600,000

Senior Unsecured Term Loan Credit Facility Due 2027 [Member] | Unsecured Senior Term Loan [Member]

Debt Instrument [Line Items]

Debt Instrument, Face Amount

$ 0

Senior Unsecured Term Loan Credit Facility Due 2027 [Member] | Unsecured Senior Term Loan [Member] | Exchange Agreements [Member]

Debt Instrument [Line Items]

Debt Instrument, Maturity Date

Feb. 01, 2027

Debt Instrument, Redeemed, Face Amount

$ 10,000,000

Debt Instrument, Face Amount

$ 39,600,000

Note 9 - Senior Notes and Cre_4

Note 9 - Senior Notes and Credit Facilities (Details 2 Textual) - USD ($) $ in Millions	Oct. 31, 2024	Oct. 31, 2023
Stand-alone Cash Collateralized Letter of Credit Agreements and Facilities [Member]
Debt Instrument [Line Items]
Letters of Credit Outstanding, Amount	$ 2.6	$ 4.9
Stand-alone Cash Collateralized Letter of Credit Agreements and Facilities [Member] | Restricted Cash [Member]
Debt Instrument [Line Items]
Debt Instrument, Collateral Amount	3.2	$ 5.1
Cash and Cash Equivalents Collateral [Member] | The Secured Credit Facility, the New Secured Notes, and the Second Lien Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Collateral Amount	216.2
Restricted Cash [Member] | The Secured Credit Facility, the New Secured Notes, and the Second Lien Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Collateral Amount	3.2
Real Property [Member] | The Secured Credit Facility, the New Secured Notes, and the Second Lien Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Collateral Amount	655.1
Equity Interests in Joint Venture Holding Companies Collateral [Member] | The Secured Credit Facility, the New Secured Notes, and the Second Lien Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Collateral Amount	$ 140.5

Note 9 - Senior Notes and Cre_5

Note 9 - Senior Notes and Credit Facilities - Senior Notes and Credit Facilities Balances (Details) - USD ($) $ in Thousands		Oct. 31, 2024		Oct. 31, 2023
Debt Instrument [Line Items]
Senior debt		$ 881,556	[1]	$ 1,070,261
Net premiums (discounts)		17,340		(14,563)
Unamortized debt issuance costs		(2,678)		(4,207)
Total senior notes and credit facilities, net of discounts, premiums and unamortized debt issuance costs		896,218		1,051,491
Senior Secured Notes [Member]
Debt Instrument [Line Items]
Senior debt		655,000		768,502
Unsecured Senior Notes [Member]
Debt Instrument [Line Items]
Senior debt		51,556		180,710
Senior Unsecured Term Loan Credit Facility Due 2027 [Member]
Debt Instrument [Line Items]
Senior debt	[2]	0		39,551
Senior Secured Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Senior debt	[3]	0		0
The 10.0% Senior Secured 1.75 Lien Notes due 2025 [Member] | Senior Secured Notes [Member]
Debt Instrument [Line Items]
Senior debt	[4]	0		113,502
The 8.0% Senior Secured 1.125 Lien Notes Due 2028 [Member] | Senior Secured Notes [Member]
Debt Instrument [Line Items]
Senior debt		225,000		225,000
The 11.75% Senior Secured 1.25 Lien Notes Due 2029 [Member] | Senior Secured Notes [Member]
Debt Instrument [Line Items]
Senior debt		430,000		430,000
The 13.5% Senior Notes Due 2026 [Member] | Unsecured Senior Notes [Member]
Debt Instrument [Line Items]
Senior debt	[2]	26,588		90,590
The 5.0% Senior Notes due 2040 [Member] | Unsecured Senior Notes [Member]
Debt Instrument [Line Items]
Senior debt	[2]	24,968		90,120
The 10.0% Senior Secured 1.75 Lien Term Loans Due 2028 [Member] | Senior Secured Term Loan [Member]
Debt Instrument [Line Items]
Senior debt	[2]	$ 175,000		$ 81,498
[1]Does not October 31, 2024 On May 21, 2024 93.5 1.75 At October 31, 2024 June 30, 2026 3.00 4.00 November 15, 2023, 1.75 November 15, 2025.

Note 9 - Senior Notes and Cre_6

Note 9 - Senior Notes and Credit Facilities - Senior Notes and Credit Facilities Balances (Details) (Parentheticals)		12 Months Ended
	Nov. 15, 2023	Oct. 31, 2024	Oct. 31, 2023	May 21, 2024	Oct. 05, 2023	Sep. 07, 2023	May 30, 2023
Debt Instrument [Line Items]
Debt Instrument, Maturity Date	Nov. 15, 2025
Senior Unsecured Term Loan Credit Facility Due 2027 [Member]
Debt Instrument [Line Items]
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 [Line Items]
Debt instrument, interest rate, stated percentage	10%	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 [Line Items]
Debt instrument, interest rate, stated percentage							7.75%
The 10.5% Senior Secured 1.25 Lien Notes due February 15, 2026 [Member] | Senior Secured Notes [Member]
Debt Instrument [Line Items]
Debt instrument, interest rate, stated percentage					10.50%
The 11.25% Senior Secured 1.5 Lien Notes due February 15, 2026 [Member] | Senior Secured Notes [Member]
Debt Instrument [Line Items]
Debt instrument, interest rate, stated percentage					11.25%
The 8.0% Senior Secured 1.125 Lien Notes Due 2028 [Member] | Senior Secured Notes [Member]
Debt Instrument [Line Items]
Debt instrument, interest rate, stated percentage		8%	8%		8%
Debt Instrument, Maturity Date		Sep. 30, 2028	Sep. 30, 2028
The 11.75% Senior Secured 1.25 Lien Notes Due 2029 [Member] | Senior Secured Notes [Member]
Debt Instrument [Line Items]
Debt instrument, interest rate, stated percentage		11.75%	11.75%		11.75%
Debt Instrument, Maturity Date		Sep. 30, 2029	Sep. 30, 2029
The 8.0% Senior Notes Due 2027 [Member] | Senior Secured Notes [Member]
Debt Instrument [Line Items]
Debt instrument, interest rate, stated percentage			8%
The 8.0% Senior Notes Due 2027 [Member] | Unsecured Senior Notes [Member]
Debt Instrument [Line Items]
Debt instrument, interest rate, stated percentage			8%
Debt Instrument, Maturity Date			Nov. 01, 2027
The 13.5% Senior Notes Due 2026 [Member] | Unsecured Senior Notes [Member]
Debt Instrument [Line Items]
Debt instrument, interest rate, stated percentage		13.50%	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 [Line Items]
Debt instrument, interest rate, stated percentage		5%	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 [Line Items]
Debt Instrument, Maturity Date		Jan. 31, 2028	Jan. 31, 2028

Note 9 - Senior Notes and Cre_7

Note 9 - Senior Notes and Credit Facilities - Future Maturities of Borrowings (Details) - USD ($) $ in Thousands		Oct. 31, 2024		Oct. 31, 2023
Senior Notes and Credit Facilities
2025	[1]	$ 0
2026	[1]	26,588
2027	[1]	0
2028	[1]	400,000
2029	[1]	430,000
Thereafter		24,968
Total		$ 881,556	[1]	$ 1,070,261
[1]Does not October 31, 2024

Note 10 - Operating and Repor_3

Note 10 - Operating and Reporting Segments (Details Textual) $ in Thousands		12 Months Ended
		Oct. 31, 2024 USD ($) Segment	Oct. 31, 2023 USD ($)	Oct. 31, 2022 USD ($)
Segment Reporting Information [Line Items]
Number of States in which Entity Operates		13
Real Estate Inventory Expense Not Eligible for Capitalization	[1]	$ 30,752	$ 54,082	$ 47,343
Gain (loss) on extinguishment of debt, net		1,371	(25,638)	(6,795)
Qualifying Assets Not Exceeding Debt [Member]
Segment Reporting Information [Line Items]
Real Estate Inventory Expense Not Eligible for Capitalization			17,700	28,600
Corporate, Non-Segment [Member]
Segment Reporting Information [Line Items]
General and Administrative Expense		139,700	103,200	102,600
Gain (loss) on extinguishment of debt, net		(1,400)	(25,600)	(6,800)
Other Nonoperating Income (Expense)		$ (39,900)	(12,700)	(6,500)
Corporate, Non-Segment [Member] | Qualifying Assets Not Exceeding Debt [Member]
Segment Reporting Information [Line Items]
Real Estate Inventory Expense Not Eligible for Capitalization			$ 17,700	$ 28,600
Home Building [Member]
Segment Reporting Information [Line Items]
Number of Reportable Segments | Segment		3
[1] O th e not not exceed our debt, which amounted to $ 17.7 million and $28.6 million for the years ended October 31, 2023 and 2022 October 31, 2024 not October 31, 2024 2023 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, 2024	Oct. 31, 2023	Oct. 31, 2022
Segment Reporting Information [Line Items]
Revenues		$ 3,004,918	$ 2,756,016	$ 2,922,231
Income (loss) before income taxes		317,089	255,951	319,753
Assets		2,605,574	2,492,940
Investments in and advances to unconsolidated joint ventures		142,910	97,886
Total interest expense, net		120,684	134,902	132,370
Total depreciation		7,730	8,798	5,457
Net additions to operating properties and equipment		17,859	18,821	12,592
Equity in earnings from unconsolidated joint ventures		52,262	43,160	29,033
Corporate, Non-Segment [Member]
Segment Reporting Information [Line Items]
Revenues		8,009	10,789	1,017
Income (loss) before income taxes	[1]	(98,371)	(133,764)	(144,471)
Assets		552,159	820,466
Investments in and advances to unconsolidated joint ventures		1,559	1,363
Total interest expense, net		0	17,707	28,572
Total depreciation		4,371	2,677	2,321
Net additions to operating properties and equipment		13,277	14,241	8,646
Home Building [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Revenues		2,922,845	2,685,139	2,859,674
Income (loss) before income taxes		391,336	370,350	445,103
Assets		1,849,826	1,503,803
Investments in and advances to unconsolidated joint ventures		141,351	96,523
Total interest expense, net		120,559	117,194	104,011
Total depreciation		3,108	6,121	3,131
Net additions to operating properties and equipment		3,961	3,540	3,918
Home Building [Member] | Northeast [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Revenues		1,036,049	968,851	1,085,081
Income (loss) before income taxes		190,477	178,516	177,406
Assets		664,064	483,784
Investments in and advances to unconsolidated joint ventures		79,659	56,758
Total interest expense, net		33,459	32,071	31,552
Total depreciation		1,241	4,352	1,542
Net additions to operating properties and equipment		1,211	1,678	1,848
Equity in earnings from unconsolidated joint ventures		26,899	27,253	12,674
Home Building [Member] | Southeast [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Revenues		448,902	420,296	323,961
Income (loss) before income taxes		77,613	77,750	60,178
Assets		296,058	286,701
Investments in and advances to unconsolidated joint ventures		55,344	35,262
Total interest expense, net		21,071	20,055	17,403
Total depreciation		392	444	291
Net additions to operating properties and equipment		1,172	263	229
Equity in earnings from unconsolidated joint ventures		19,459	15,696	16,359
Home Building [Member] | West [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Revenues		1,437,894	1,295,992	1,450,632
Income (loss) before income taxes		123,246	114,084	207,519
Assets		889,704	733,318
Investments in and advances to unconsolidated joint ventures		6,348	4,503
Total interest expense, net		66,029	65,068	55,056
Total depreciation		1,475	1,325	1,298
Net additions to operating properties and equipment		1,578	1,599	1,841
Equity in earnings from unconsolidated joint ventures		5,904	211	0
Financial Services [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Revenues		74,064	60,088	61,540
Income (loss) before income taxes		24,124	19,365	19,121
Assets		203,589	168,671
Financial services interest expense	[2]	125	1	(213)
Total depreciation		251	0	5
Net additions to operating properties and equipment		$ 621	$ 1,040	$ 28
[1] Corporate and unallocated for the year ended October 31, 2024 October 31, 2023 October 31, 2022 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, 2024	Oct. 31, 2023	Oct. 31, 2022
Operating Loss Carryforwards [Line Items]
Income Tax Expense (Benefit)	$ 75,081	$ 50,060	$ 94,263
Deferred Tax Assets, Net	241,064	302,833
Deferred Tax Assets, Valuation Allowance	$ 55,698	71,879
Open Tax Year	2020 2021 2022 2023
Domestic Tax Authority [Member]
Operating Loss Carryforwards [Line Items]
Operating Income (Loss)	$ (290,100)	(221,200)	(306,000)
Operating Income (Loss), Tax Effect	60,900	46,400	64,300
Income Tax Expense (Benefit)	64,230	46,821	60,064
Deferred Tax Assets, Net	164,493	228,723
Domestic Tax Authority [Member] | Between 2031 and 2038 [Member]
Operating Loss Carryforwards [Line Items]
Operating Loss Carryforwards	398,800
Domestic Tax Authority [Member] | Indefinite Tax Period [Member]
Operating Loss Carryforwards [Line Items]
Operating Loss Carryforwards	15,700
State and Local Jurisdiction [Member]
Operating Loss Carryforwards [Line Items]
Operating Income (Loss)	(110,000)	(113,300)	(80,100)
Operating Income (Loss), Tax Effect	8,600	8,300	5,800
Income Tax Expense (Benefit)	10,851	3,239	$ 34,199
Operating Loss Carryforwards	1,900
Deferred Tax Assets, Net	76,571	$ 74,110
State and Local Jurisdiction [Member] | Indefinite Tax Period [Member]
Operating Loss Carryforwards [Line Items]
Operating Loss Carryforwards	45,000
State and Local Jurisdiction [Member] | Between 2025 and 2029 [Member]
Operating Loss Carryforwards [Line Items]
Operating Loss Carryforwards	853,600
State and Local Jurisdiction [Member] | Between 2030 and 2034 [Member]
Operating Loss Carryforwards [Line Items]
Operating Loss Carryforwards	694,400
State and Local Jurisdiction [Member] | Between 2035 and 2039 [Member]
Operating Loss Carryforwards [Line Items]
Operating Loss Carryforwards	254,000
State and Local Jurisdiction [Member] | Between 2040 Through 2044 [Member]
Operating Loss Carryforwards [Line Items]
Operating Loss Carryforwards	$ 5,600

Note 11 - Income Taxes - Income

Note 11 - Income Taxes - Income Taxes Payable (Details) - USD ($) $ in Thousands	Oct. 31, 2024	Oct. 31, 2023
Income Tax Examination [Line Items]
Deferred	$ (241,064)	$ (302,833)
Total	(235,585)	(300,972)
State and Local Jurisdiction [Member]
Income Tax Examination [Line Items]
Current	5,479	1,861
Deferred	(76,571)	(74,110)
Domestic Tax Authority [Member]
Income Tax Examination [Line Items]
Current	0	0
Deferred	$ (164,493)	$ (228,723)

Note 11 - Income Taxes - Provis

Note 11 - Income Taxes - Provision for Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Oct. 31, 2024	Oct. 31, 2023		Oct. 31, 2022
Income Taxes
Federal (1)	$ 0	$ 0	[1]	$ 0	[1]
State (2)	13,312	8,101	[2]	13,377	[2]
Total current income tax expense:	13,312	8,101		13,377
Federal	64,230	46,821		60,064
State	(2,461)	(4,862)		20,822
Total deferred income tax expense:	61,769	41,959		80,886
Total	$ 75,081	$ 50,060		$ 94,263
[1] The current federal income tax expense is net of the use of federal net operating losses totaling $290.1 million (tax effected $60.9 million), $221.2 million (tax effected $46.4 million) and $306.0 million (tax effected $64.3 million) for the years ended October 31, 2024 2023 2022 , respectively. The current state income tax expense is net of the use of state net operating losses totaling $110.0 million (tax effected $8.6 million), $113.3 million (tax effected $8.3 million) and $80.1 million (tax effected $5.8 million) for the years ended October 31, 2024 2023 2022

Note 11 - Income Taxes - Deferr

Note 11 - Income Taxes - Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Oct. 31, 2024	Oct. 31, 2023
Deferred tax assets:
Impairments	$ 22,742	$ 26,168
Capitalized expenses	4,420	3,692
Warranty reserves	4,319	4,439
Incentive compensation	13,777	15,252
Provision for losses	15,236	16,915
Federal net operating losses	87,041	147,841
State net operating losses	123,673	136,257
Tax credit carryforwards	27,482	21,260
Other	10,699	9,631
Total deferred tax assets	309,389	381,455
Deferred tax liabilities:
Inventory valuation differences	(8,610)	0
Joint ventures	(4,017)	(6,743)
Total deferred tax liabilities	(12,627)	(6,743)
Valuation allowance	(55,698)	(71,879)
Deferred tax assets, net	$ 241,064	$ 302,833

Note 11 - Income Taxes - Effect

Note 11 - Income Taxes - Effective Tax Rate (Details)	12 Months Ended
	Oct. 31, 2024	Oct. 31, 2023	Oct. 31, 2022
Income Taxes
Federal statutory income tax rate	21%	21%	21%
State income taxes, net of federal income tax benefit	6.60%	6.10%	5%
Non-deductible compensation	2.30%	1.40%	1.20%
Permanent differences, net	(0.10%)	(0.40%)	(0.40%)
Deferred tax asset valuation allowance	(4.10%)	(6.30%)	4.80%
Tax credits	(2.00%)	(2.20%)	(2.00%)
Other	0%	0%	(0.10%)
Effective tax rate	23.70%	19.60%	29.50%

Note 12 - Reduction of Invent_3

Note 12 - Reduction of Inventory to Fair Value (Details Textual) $ in Millions	12 Months Ended
	Oct. 31, 2024 USD ($) Item NUMBER	Oct. 31, 2023 USD ($) Item NUMBER	Oct. 31, 2022 USD ($) Item NUMBER
Real Estate [Line Items]
Impairment of Real Estate	$ 10		$ 8.4
Land Option Write Offs	$ 1.6	$ 1.5	$ 5.7
Home Building [Member]
Real Estate [Line Items]
Number of Communities Evaluated for Impairment | Item	469	380	374
Number of Communities Impaired | Item	4		1
Number of Communities Performed Detailed Impairment Calculations | NUMBER	4	1	1
Carrying Value of Communities Tested for Impairment	$ 41.1		$ 10.6
Impairment of Real Estate	10		8.4
Land Option Write Offs	$ 1.6	$ 1.5	$ 5.7

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, 2024 USD ($) Item	Oct. 31, 2022 USD ($) Item
Real Estate [Line Items]
Dollar amount of impairment		$ 10	$ 8.4
Home Building [Member]
Real Estate [Line Items]
Number of communities | Item		4	1
Dollar amount of impairment		$ 10	$ 8.4
Pre-impairment value	[1]	$ 41	$ 10.6
Home Building [Member] | Northeast [Member]
Real Estate [Line Items]
Number of communities | Item		2	0
Dollar amount of impairment		$ 4.8	$ 0
Pre-impairment value	[1]	$ 16	$ 0
Home Building [Member] | Southeast [Member]
Real Estate [Line Items]
Number of communities | Item		0	0
Dollar amount of impairment		$ 0	$ 0
Pre-impairment value	[1]	$ 0	$ 0
Home Building [Member] | West [Member]
Real Estate [Line Items]
Number of communities | Item		2	1
Dollar amount of impairment		$ 5.2	$ 8.4
Pre-impairment value	[1]	$ 25	$ 10.6
[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, 2024	Oct. 31, 2023	Oct. 31, 2022
Real Estate [Line Items]
Amount of write-offs	$ 1.6	$ 1.5	$ 5.7
Home Building [Member]
Real Estate [Line Items]
Amount of write-offs	1.6	1.5	5.7
Home Building [Member] | Northeast [Member]
Real Estate [Line Items]
Amount of write-offs	0.4	0.5	0.4
Home Building [Member] | Southeast [Member]
Real Estate [Line Items]
Amount of write-offs	0.9	0.5	0.9
Home Building [Member] | West [Member]
Real Estate [Line Items]
Amount of write-offs	$ 0.3	$ 0.5	$ 4.4

Note 13 - Per Share Calculati_3

Note 13 - Per Share Calculations (Details Textual) shares in Thousands	12 Months Ended
	Oct. 31, 2024 shares
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in shares)	0

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, 2024	Oct. 31, 2023	Oct. 31, 2022
Numerator:
Net income	$ 242,008	$ 205,891	$ 225,490
Less: preferred stock dividends	(10,675)	(10,675)	(10,675)
Less: undistributed earnings allocated to participating securities	(8,454)	(16,027)	(19,702)
Numerator for basic earnings per share	222,879	179,189	195,113
Plus: undistributed earnings allocated to participating securities	8,454	16,027	19,702
Less: undistributed earnings reallocated to participating securities	(8,605)	(16,058)	(19,717)
Numerator for diluted earnings per share	$ 222,728	$ 179,158	$ 195,098
Denominator:
Denominator for basic earnings per share – weighted average shares outstanding (in shares)	6,479	6,230	6,437
Effect of dilutive securities:
Stock-based payments (in shares)	528	436	291
Denominator for diluted earnings per share – weighted-average shares outstanding (in shares)	7,007	6,666	6,728
Basic earnings per share (in dollars per share)	$ 34.4	$ 28.76	$ 30.31
Diluted earnings per share (in dollars per share)	$ 31.79	$ 26.88	$ 29

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, 2024 USD ($) Item $ / shares shares	Oct. 31, 2023 USD ($) $ / shares shares	Oct. 31, 2022 USD ($) $ / shares shares	Sep. 01, 2022 USD ($)	Aug. 15, 2018	Jan. 11, 2018
Class of Stock [Line Items]
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		$ 10,700	$ 10,700	$ 10,700
Defined Contribution Plan, Employer Discretionary Contribution Amount		8,800	8,200	8,300
Treasury Stock, Value, Acquired, Cost Method		$ 26,528	$ 4,800	$ 12,222
Minimum [Member]
Class of Stock [Line Items]
Shareholder Ownership Percentage							5%
Common Class A [Member]
Class of Stock [Line Items]
Common Stock Voting Rights Votes per Share Number | Item		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, Authorized Amount					$ 50,000
Stock Repurchase Program, Remaining Authorized Repurchase Amount		$ 6,500
Treasury Stock, Shares, Acquired (in shares) | shares		188,800	118,478	312,471
Treasury Stock, Value, Acquired, Cost Method		$ 26,500	$ 4,800	$ 12,200
Shares Acquired, Average Cost Per Share (in dollars per share) | $ / shares		$ 140.31	$ 40.51	$ 39.12
Common Class B [Member]
Class of Stock [Line Items]
Common Stock Voting Rights Votes per Share Number | Item		10
Preferred Class A [Member]
Class of Stock [Line Items]
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, 2024 USD ($) Item $ / shares shares	Oct. 31, 2023 USD ($) $ / shares shares	Oct. 31, 2022 USD ($) $ / shares shares	Oct. 31, 2020
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Shares Authorized (in shares)	500,000
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 | $	$ 1,400	$ 200	$ 200
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	$ 9.5	$ 6.29	$ 16.46
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 | $	$ 9,300
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year)	2 years 9 months 7 days
Share-Based Payment Arrangement, Expense | $	$ 25,300	$ 14,200	$ 10,300
Share-Based Payment Arrangement, Expense, after Tax | $	$ 19,300	11,400	7,300
Nonemployee Director [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of Directors | Item	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 [Line Items]
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 | $	$ 5	$ 27	$ 100
Share-Based Payment Arrangement, Option [Member] | Nonemployee Director [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
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 [Line Items]
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 [Line Items]
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 [Line Items]
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 [Line Items]
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 [Line Items]
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 [Line Items]
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 [Line Items]
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 [Line Items]
Share-Based Compensation Arrangement by Share-Based Payment Award, Shares Issued in Period (in shares)	58,716
Restricted Stock Units (RSUs) [Member] | Officers and Associates [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
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 [Line Items]
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 [Line Items]
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 [Line Items]
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 [Line Items]
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 [Line Items]
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 [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Post-vesting Holding Period (Year)	60 years
Time-based Share Units [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Vested in Period, Deferred (in shares)	9,058
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares)	62,988
Performance-based Performance Share Units (PSUs) [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
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)	329,583
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Expected Volatility Rate	64.61%	66.66%	78.82%
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Risk Free Interest Rate	4.62%	4.54%	3.04%
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Expected Dividend Rate	0%	0%	0%
Share-Based Compensation Arrangement by Share-Based Payment Award, Shares Issued in Period (in shares)	44,887
Performance-based Performance Share Units (PSUs) [Member] | Share-Based Payment Arrangement, Tranche One [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
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 [Line Items]
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 [Line Items]
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 [Line Items]
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 [Line Items]
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 [Line Items]
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Expected Volatility Rate	66.65%	75.29%	104.16%
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Risk Free Interest Rate	4.32%	4.19%	0.67%
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Expected Dividend Rate	0%	0%	0%
LTIP Shares [Member] | Share-Based Payment Arrangement, Tranche One [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
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 [Line Items]
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 [Line Items]
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 [Line Items]
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)	34,904
Market Stock Units [Member] | Minimum [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Percentage of Target Number of Shares Covered by MSU Awards	0%
Market Stock Units [Member] | Maximum [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
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 [Line Items]
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 [Line Items]
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 [Line Items]
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period, Grant Date Fair Value | $	$ 14,800	$ 10,400	$ 9,600
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Vested in Period, Grant Date Fair Value | $	21,200	25,200	15,600
Non Options [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Share-Based Payment Arrangement, Expense | $	$ 25,300	$ 14,200	$ 10,200

Note 15 - Stock-based Compensat

Note 15 - Stock-based Compensation Plans - Stock Option Activity (Details) - USD ($)	12 Months Ended
	Oct. 31, 2024	Oct. 31, 2023	Oct. 31, 2022
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock options outstanding (in shares)	143,547
Stock options outstanding, weighted average exercise price (in dollars per share)	$ 34.63
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)	(12,533)
Exercised, weighted average exercise price (in dollars per share)	$ 70.55
Forfeited (in shares)	0
Forfeited, weighted average exercise price (in dollars per share)	$ 0
Expired (in shares)	0
Expired, weighted average exercise price (in dollars per share)	$ 0
Stock options outstanding (in shares)	131,014	143,547
Stock options outstanding, weighted average exercise price (in dollars per share)	$ 31.19	$ 34.63
Stock options outstanding, weighted average contractual life (Year)	3 years 7 months 6 days
Stock options outstanding, intrinsic value	$ 18,977,000
Stock options exercisable at end of period (in shares)	131,014
Stock options exercisable at end of period, weighted average exercise price (in dollars per share)	$ 31.19
Stock options exercisable, weighted average contractual life (Year)	3 years 7 months 6 days
Stock options exercisable, intrinsic value	$ 18,977,000

Note 15 - Stock-based Compens_2

Note 15 - Stock-based Compensation Plans - Non-vested Share Awards (Details)	12 Months Ended
	Oct. 31, 2024 $ / shares shares
Time-based Share Units [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Nonvested, time-based (in shares) | shares	132,143
Nonvested, weighted average grant date fair value, time-based (in dollars per share) | $ / shares	$ 52.79
Granted, time-based (in shares) | shares	62,988
Granted, weighted average grant date fair value, time-based (in dollars per share) | $ / shares	$ 114.65
Vested, time-based (in shares) | shares	(78,627)	[1]
Vested, weighted average grant date fair value, time-based (in dollars per share) | $ / shares	$ 37.35	[1]
Forfeited, time-based (in shares) | shares	(4,735)
Forfeited, weighted average grant date fair value, time-based (in dollars per share) | $ / shares	$ 92.19
Nonvested, time-based (in shares) | shares	111,769
Nonvested, weighted average grant date fair value, time-based (in dollars per share) | $ / shares	$ 96.73
Performance Shares [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Nonvested, time-based (in shares) | shares	581,500
Nonvested, weighted average grant date fair value, time-based (in dollars per share) | $ / shares	$ 73.9
Granted, time-based (in shares) | shares	140,593
Granted, weighted average grant date fair value, time-based (in dollars per share) | $ / shares	$ 84.51
Vested, time-based (in shares) | shares	(358,825)	[1]
Vested, weighted average grant date fair value, time-based (in dollars per share) | $ / shares	$ 50.92	[1]
Forfeited, time-based (in shares) | shares	(10,067)
Forfeited, weighted average grant date fair value, time-based (in dollars per share) | $ / shares	$ 67.2
Nonvested, time-based (in shares) | shares	353,201
Nonvested, weighted average grant date fair value, time-based (in dollars per share) | $ / shares	$ 57.98
[1]Includes 9,058 time-based vested share awards and 329,583 performance-based vested share awards which were deferred and not October 31, 2024

Note 16 - Warranty Costs (Detai

Note 16 - Warranty Costs (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Oct. 31, 2024	Oct. 31, 2023
Product Warranty Liability [Line Items]
General Liability Insurance Deductible	$ 30,000	$ 25,000
Increase (Decrease) In Construction Defect Reserves	3,500
CALIFORNIA
Product Warranty Liability [Line Items]
Bodily Injury Insurance Deductible	500	500
Bodily Injury Insurance Limit	30,000	5,000
All States Other Than California [Member]
Product Warranty Liability [Line Items]
Bodily Injury Insurance Deductible	250	250
Bodily Injury Insurance Limit	30,000	5,000
Owner-Controlled Insurance Program for Subcontractors [Member]
Product Warranty Liability [Line Items]
Proceeds from Insurance Premiums Collected	$ 4,700	$ 4,300

Note 16 - Warranty Costs - Warr

Note 16 - Warranty Costs - Warranty and General Liability Reserve (Details) - USD ($) $ in Thousands	12 Months Ended
	Oct. 31, 2024	Oct. 31, 2023
Product Warranty Liability [Line Items]
Balance, beginning of period	$ 98,919	$ 97,719
Charges incurred during the period	(32,004)	(22,080)
Changes to pre-existing reserves	2,977	9,333
Balance, end of period	89,391	98,919
Selling, General and Administrative Expenses [Member]
Product Warranty Liability [Line Items]
Additions	8,891	7,140
Cost of Sales [Member]
Product Warranty Liability [Line Items]
Additions	$ 10,608	$ 6,807

Note 17 - Transactions With R_2

Note 17 - Transactions With Related Parties (Details Textual) - USD ($) $ in Millions	12 Months Ended
	Oct. 31, 2024	Oct. 31, 2023	Oct. 31, 2022
Tavit Najarian [Member]
Related Party Transaction [Line Items]
Related Party Transaction, Amounts of Transaction	$ 1.3	$ 1.3	$ 1.1

Note 18 - Commitments and Con_2

Note 18 - Commitments and Contingent Liabilities (Details Textual) $ in Millions	12 Months Ended
	Oct. 31, 2024 USD ($)
Spill Fund Lawsuit [Member]
Loss Contingencies [Line Items]
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, 2024	Oct. 31, 2023
Variable Interest Entity
Deposits Associated with Land and Lot Options of Unconsolidated Variable Interest Entities	$ 264.8	$ 192.3
Purchase Price Associated with Land and Lot Options of Unconsolidated Variable Interest Entities	$ 3,000	$ 2,200

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, 2024 USD ($) Item	Apr. 30, 2024 USD ($) Item	Jul. 31, 2023 USD ($) Item	Apr. 30, 2023 Item	Jan. 31, 2023 USD ($) Item	Oct. 31, 2024 USD ($) Item	Oct. 31, 2023 USD ($) Item	Oct. 31, 2022 USD ($)
Schedule of Equity Method Investments [Line Items]
Number of Owned Communities Transferred to the Joint Venture | Item		11	16		4
Number of Owned Active Communities Transferred to the Joint Venture | Item			8		1
Joint Ventures Consolidated | Item	1
Number of New Joint Ventures			1		1
Proceeds from Transfer of Land to Joint Venture		$ 53,800	$ 75,700		$ 41,100
Number of Unconsolidated Joint Ventures Dissolved | Item				1
Gain on Consolidation of Joint Venture	$ 45,700					$ 45,653	$ 19,102	$ 0
Equity Method Investment, Other than Temporary Impairment						0	0
Revenues						3,004,918	2,756,016	2,922,231
Home Building [Member] | Management Fees [Member]
Schedule of Equity Method Investments [Line Items]
Revenues						$ 19,500	$ 16,300	12,500
Homebuilding and Land Development Joint Ventures [Member]
Schedule of Equity Method Investments [Line Items]
Number of Owned Active Communities Transferred to the Joint Venture | Item						6	8
Homebuilding and Land Development Joint Ventures [Member] | Minimum [Member]
Schedule of Equity Method Investments [Line Items]
Equity Method Investment, Ownership Percentage						20%	20%
Homebuilding and Land Development Joint Ventures [Member] | Maximum [Member]
Schedule of Equity Method Investments [Line Items]
Equity Method Investment, Ownership Percentage						50%	50%
Corporate Joint Venture [Member]
Schedule of Equity Method Investments [Line Items]
Advances to Affiliate						$ 2,400	$ 1,400
Revenues						$ 552,727	$ 783,298	$ 351,880
New Unconsolidated Joint Venture [Member]
Schedule of Equity Method Investments [Line Items]
Number of Owned Active Communities Transferred to the Joint Venture | Item		3	3
Joint Ventures Consolidated | Item			1
Proceeds from Transfer of Land to Joint Venture			$ 48,000
Gain on Consolidation of Joint Venture			$ 19,100

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, 2024	Oct. 31, 2023	Oct. 31, 2022	Oct. 31, 2021
Assets:
Total assets	$ 2,605,574	$ 2,492,940
Liabilities and equity:
Total liabilities	1,805,225	1,911,151
Equity of :
Hovnanian Enterprises, Inc.	800,349	581,736
Others	0	53
Total equity	800,349	581,789	$ 383,051	$ 175,384
Total liabilities and equity	2,605,574	2,492,940
Revenues	3,004,918	2,756,016	2,922,231
Joint venture net income	242,008	205,891	225,490
Our share of net income	52,262	43,160	29,033
Corporate Joint Venture [Member]
Assets:
Cash and cash equivalents	130,532	128,369
Inventories	402,628	375,022
Other assets	311,955	380,989
Total assets	845,115	884,380
Liabilities and equity:
Accounts payable and accrued liabilities	469,320	525,191
Notes payable	88,653	101,126
Total liabilities	557,973	626,317
Equity of :
Hovnanian Enterprises, Inc.	140,540	96,491
Others	146,602	161,572
Total equity	287,142	258,063
Total liabilities and equity	$ 845,115	$ 884,380
Debt to capitalization ratio	24%	28%
Revenues	$ 552,727	$ 783,298	351,880
Cost of sales and expenses	(484,522)	(654,217)	(318,825)
Joint venture net income	68,205	129,081	33,055
Our share of net income	52,263	43,160	29,033
Homebuilding Joint Venture [Member] | Corporate Joint Venture [Member]
Assets:
Cash and cash equivalents	130,532	127,547
Inventories	402,628	375,022
Other assets	311,955	380,989
Total assets	845,115	883,558
Liabilities and equity:
Accounts payable and accrued liabilities	469,320	524,586
Notes payable	88,653	101,126
Total liabilities	557,973	625,712
Equity of :
Hovnanian Enterprises, Inc.	140,540	96,281
Others	146,602	161,565
Total equity	287,142	257,846
Total liabilities and equity	$ 845,115	$ 883,558
Debt to capitalization ratio	24%	28%
Revenues	$ 552,727	$ 783,298	351,767
Cost of sales and expenses	(484,967)	(654,217)	(318,788)
Joint venture net income	67,760	129,081	32,979
Our share of net income	52,142	43,160	29,002
Land Development Joint Venture [Member] | Corporate Joint Venture [Member]
Assets:
Cash and cash equivalents	0	822
Inventories	0	0
Other assets	0	0
Total assets	0	822
Liabilities and equity:
Accounts payable and accrued liabilities	0	605
Notes payable	0	0
Total liabilities	0	605
Equity of :
Hovnanian Enterprises, Inc.	0	210
Others	0	7
Total equity	0	217
Total liabilities and equity	$ 0	$ 822
Debt to capitalization ratio	0%	0%
Revenues	$ 0	$ 0	113
Cost of sales and expenses	445	0	(37)
Joint venture net income	445	0	76
Our share of net income	$ 121	$ 0	$ 31

Note 21 - Fair Value of Finan_3

Note 21 - Fair Value of Financial Instruments (Details Textual) - USD ($)	12 Months Ended
	Oct. 31, 2024	Oct. 31, 2022	Nov. 15, 2023	Oct. 31, 2023	Oct. 05, 2023	Sep. 07, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impairment of Real Estate	$ 10,000,000	$ 8,400,000
Loans held for sale mortgages unpaid principal	149,400,000			$ 130,400,000
Senior Secured Revolving Credit Facility [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-Term Line of Credit	0			$ 0
Loan Origination Commitments [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loan applications in process	$ 572,900,000
Loan Origination Commitments [Member] | Maximum [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Number of days in committment (day)	60 days
Interest Rate Committed Loan Applications [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate committed loan applications	$ 58,000,000
The 10.0% Senior Secured 1.75 Lien Notes due 2025 [Member] | Senior Secured Notes [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt instrument, interest rate, stated percentage	10%		10%	10%		10%
The 8.0% Senior Secured 1.125 Lien Notes due September 30, 2028 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt instrument, interest rate, stated percentage	10%
The 8.0% Senior Secured 1.125 Lien Notes due September 30, 2028 [Member] | Senior Secured Notes [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt instrument, interest rate, stated percentage	8%			8%
The 8.0% Senior Secured 1.125 Lien Notes due September 30, 2028 [Member] | Fair Value, Inputs, Level 2 [Member] | Senior Secured Notes [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt instrument, interest rate, stated percentage	8%
The 11.75% Senior Secured 1.25 Lien Notes Due 2029 [Member] | Senior Secured Notes [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt instrument, interest rate, stated percentage	11.75%			11.75%	11.75%
The 11.75% Senior Secured 1.25 Lien Notes Due 2029 [Member] | Fair Value, Inputs, Level 2 [Member] | Senior Secured Notes [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt instrument, interest rate, stated percentage	11.75%
The 5.0% 2040 Notes [Member] | Fair Value, Inputs, Level 2 [Member] | Unsecured Senior Notes [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt instrument, interest rate, stated percentage	5%

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) - USD ($) $ in Thousands		Oct. 31, 2024	Oct. 31, 2023
Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Mortgage loans held for sale	[1]	$ 148,925	$ 130,235
[1] The aggregate unpaid principal balance was $ 149.4 October 31, 2024 2023

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, 2024	Oct. 31, 2023	Oct. 31, 2022
Mortgage Loans Held For Sale [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Change in fair value included in financial services revenue	$ (497)	$ (177)	$ 385
Interest Rate Lock Commitments [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Change in fair value included in financial services revenue	0	0	0
Forward Contracts [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Change in fair value included in financial services revenue	$ 0	$ 0	$ 752

Note 21 - Fair Value of Finan_6

Note 21 - Fair Value of Financial Instruments - Schedule of assets measured at fair value on a nonrecurring basis (Details) - USD ($) $ in Thousands	12 Months Ended
	Oct. 31, 2024	Oct. 31, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total losses	$ (10,000)	$ (8,400)
Fair Value, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member] | Land and land options held for future development [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Pre-Impairment Amount	41,061
Total losses	(9,992)
Fair Value	$ 31,069

Note 21 - Fair Value of Finan_7

Note 21 - Fair Value of Financial Instruments - Fair Value of Notes (Details) - USD ($) $ in Thousands	Oct. 31, 2024	Oct. 31, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Notes, Fair Value	$ 934,175	$ 1,077,869
Senior Secured Notes [Member] | The 8.0% Senior Secured 1.125 Lien Notes due September 30, 2028 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Notes, Fair Value	231,068
Senior Secured Notes [Member] | The 11.75% Senior Secured 1.25 Lien Notes due September 30, 2029 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Notes, Fair Value	474,561
Senior Secured Notes [Member] | The 10.0% Senior Secured 1.75 Lien Notes due 2025 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Notes, Fair Value		113,843
Senior Secured Notes [Member] | The 8.0% Senior Secured 1.125 Lien Notes Due 2028 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Notes, Fair Value		230,690
Senior Secured Notes [Member] | The 11.75% Senior Secured 1.25 Lien Notes Due 2029 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Notes, Fair Value		476,655
Senior Notes [Member] | The 13.5% 2026 Notes [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Notes, Fair Value	27,020	95,062
Senior Notes [Member] | The 5.0% 2040 Notes [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Notes, Fair Value	11,485	44,843
Unsecured Senior Term Loan [Member] | Senior Unsecured Term Loan Credit Facility Due 2027 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Notes, Fair Value		35,034
Senior Secured Term Loan [Member] | The 10.0% Senior Secured 1.75 Lien Term Loans Due 2028 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Notes, Fair Value	190,041	81,742
Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
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 September 30, 2028 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Notes, Fair Value	0
Fair Value, Inputs, Level 1 [Member] | Senior Secured Notes [Member] | The 11.75% Senior Secured 1.25 Lien Notes due September 30, 2029 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Notes, Fair Value	0
Fair Value, Inputs, Level 1 [Member] | Senior Secured Notes [Member] | The 10.0% Senior Secured 1.75 Lien Notes due 2025 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Notes, Fair Value		0
Fair Value, Inputs, Level 1 [Member] | Senior Secured Notes [Member] | The 8.0% Senior Secured 1.125 Lien Notes Due 2028 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
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]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Notes, Fair Value		0
Fair Value, Inputs, Level 1 [Member] | Senior Notes [Member] | The 13.5% 2026 Notes [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Notes, Fair Value	0	0
Fair Value, Inputs, Level 1 [Member] | Senior Notes [Member] | The 5.0% 2040 Notes [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
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]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Notes, Fair Value		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]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Notes, Fair Value	0	0
Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Notes, Fair Value	717,114	590,498
Fair Value, Inputs, Level 2 [Member] | Senior Secured Notes [Member] | The 8.0% Senior Secured 1.125 Lien Notes due September 30, 2028 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Notes, Fair Value	231,068
Fair Value, Inputs, Level 2 [Member] | Senior Secured Notes [Member] | The 11.75% Senior Secured 1.25 Lien Notes due September 30, 2029 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Notes, Fair Value	474,561
Fair Value, Inputs, Level 2 [Member] | Senior Secured Notes [Member] | The 10.0% Senior Secured 1.75 Lien Notes due 2025 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Notes, Fair Value		113,843
Fair Value, Inputs, Level 2 [Member] | Senior Secured Notes [Member] | The 8.0% Senior Secured 1.125 Lien Notes Due 2028 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
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]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Notes, Fair Value		476,655
Fair Value, Inputs, Level 2 [Member] | Senior Notes [Member] | The 13.5% 2026 Notes [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Notes, Fair Value	0	0
Fair Value, Inputs, Level 2 [Member] | Senior Notes [Member] | The 5.0% 2040 Notes [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Notes, Fair Value	11,485	0
Fair Value, Inputs, Level 2 [Member] | Unsecured Senior Term Loan [Member] | Senior Unsecured Term Loan Credit Facility Due 2027 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Notes, Fair Value		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]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Notes, Fair Value	0	0
Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Notes, Fair Value	217,061	487,371
Fair Value, Inputs, Level 3 [Member] | Senior Secured Notes [Member] | The 8.0% Senior Secured 1.125 Lien Notes due September 30, 2028 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Notes, Fair Value	0
Fair Value, Inputs, Level 3 [Member] | Senior Secured Notes [Member] | The 11.75% Senior Secured 1.25 Lien Notes due September 30, 2029 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Notes, Fair Value	0
Fair Value, Inputs, Level 3 [Member] | Senior Secured Notes [Member] | The 10.0% Senior Secured 1.75 Lien Notes due 2025 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Notes, Fair Value		0
Fair Value, Inputs, Level 3 [Member] | Senior Secured Notes [Member] | The 8.0% Senior Secured 1.125 Lien Notes Due 2028 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Notes, Fair Value		230,690
Fair Value, Inputs, Level 3 [Member] | Senior Secured Notes [Member] | The 11.75% Senior Secured 1.25 Lien Notes Due 2029 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Notes, Fair Value		0
Fair Value, Inputs, Level 3 [Member] | Senior Notes [Member] | The 13.5% 2026 Notes [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Notes, Fair Value	27,020	95,062
Fair Value, Inputs, Level 3 [Member] | Senior Notes [Member] | The 5.0% 2040 Notes [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Notes, Fair Value	0	44,843
Fair Value, Inputs, Level 3 [Member] | Unsecured Senior Term Loan [Member] | Senior Unsecured Term Loan Credit Facility Due 2027 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Notes, Fair Value		35,034
Fair Value, Inputs, Level 3 [Member] | Senior Secured Term Loan [Member] | The 10.0% Senior Secured 1.75 Lien Term Loans Due 2028 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Notes, Fair Value	$ 190,041	$ 81,742

Note 21 - Fair Value of Finan_8

Note 21 - Fair Value of Financial Instruments - Fair Value of Notes (Details) (Parentheticals)		12 Months Ended
	Nov. 15, 2023	Oct. 31, 2024	Oct. 31, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt Instrument, Maturity Date	Nov. 15, 2025
The 8.0% Senior Secured 1.125 Lien Notes due September 30, 2028 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt Instrument, Stated Interest Rate		10%
The 8.0% Senior Secured 1.125 Lien Notes due September 30, 2028 [Member] | Senior Secured Notes [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt Instrument, Stated Interest Rate		8%	8%
Debt Instrument, Maturity Date		Sep. 30, 2028	Sep. 30, 2028
The 11.75% Senior Secured 1.25 Lien Notes due September 30, 2029 [Member] | Senior Secured Notes [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt Instrument, Stated Interest Rate		11.75%	11.75%
Debt Instrument, Maturity Date		Sep. 30, 2029	Sep. 30, 2029
The 13.5% 2026 Notes [Member] | Senior Notes [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
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]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
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]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt Instrument, Maturity Date			Feb. 01, 2027
The 10.0% Senior Secured 1.75 Lien Term Loans Due 2028 [Member] | Senior Secured Term Loan [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt Instrument, Maturity Date		Jan. 31, 2028	Jan. 31, 2028
The 10.0% Senior Secured 1.75 Lien Notes due November 15, 2025 [Member] | Senior Secured Notes [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt Instrument, Stated Interest Rate			10%
Debt Instrument, Maturity Date			Nov. 15, 2025