v3.26.1
Note 12 - Senior Notes and Credit Facilities - Senior Notes and Credit Facilities Balances (Details) - USD ($)
$ in Thousands
Apr. 30, 2026
Oct. 31, 2025
Debt Instrument [Line Items]    
Subtotal senior notes and credit facilities $ 924,968 $ 924,968
Net (discounts) premiums (10,887) (11,051)
Unamortized debt issuance costs (12,182) (13,199)
Total senior notes and credit facilities, net of discounts, premiums and unamortized debt issuance costs 901,899 900,718
Unsecured Senior Notes [Member]    
Debt Instrument [Line Items]    
Subtotal senior notes and credit facilities 924,968 924,968
Senior Secured Revolving Credit Facility [Member]    
Debt Instrument [Line Items]    
Subtotal senior notes and credit facilities [1] 0 0
8.0% Senior Notes due April 1, 2031 [Member] | Unsecured Senior Notes [Member]    
Debt Instrument [Line Items]    
Subtotal senior notes and credit facilities 450,000 450,000
8.375% Senior Notes due October 1, 2033 [Member] | Unsecured Senior Notes [Member]    
Debt Instrument [Line Items]    
Subtotal senior notes and credit facilities 450,000 450,000
5.0% Senior Notes due February 1, 2040 [Member] | Unsecured Senior Notes [Member]    
Debt Instrument [Line Items]    
Subtotal senior notes and credit facilities $ 24,968 $ 24,968
[1] At April 30, 2026, provides for up to $125.0 million in aggregate amount of senior secured first lien revolving loans. The revolving loans under the revolving credit facility have a maturity of June 30, 2028 and borrowings bear interest, at K. Hovnanian’s option, at either (i) a term SOFR (subject to a floor of 3.00%) plus an applicable margin of 4.50% or (ii) an alternate base rate (subject to a floor of 3.00%) plus an applicable margin of 3.50%. In addition, K. Hovnanian will pay an unused commitment fee on the undrawn revolving commitments at a rate of 1.00% per annum.