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Supplemental disclosure of non-cash investing and financing activities: In the first quarter of fiscal 2026, we consolidated the remaining assets and liabilities of one of our unconsolidated joint ventures, resulting in a decrease in our investment of $72.2 million and an increase of $87.9 million to inventory, $2.7 million to other assets, $14.0 million to accounts payable, $2.6 million to customer deposits, $5.2 million to nonrecourse mortgages and notes, net of debt issuance costs and $0.4 million of liabilities from inventory not owned. In the first quarter of fiscal 2026, we acquired a controlling financial interest in a previously unconsolidated joint venture in the Kingdom of Saudi Arabia ("KSA"). As part of the transaction, we consolidated the assets and liabilities of KSA, resulting in an increase of $88.3 million to inventory, $24.0 million to other assets, $0.5 million to property and equipment, $132.4 million to customer deposits and $28.4 million to accounts payable, along with $1.9 million in noncontrolling interest.

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Noncontrolling interest represents the proportionate equity interest in a consolidated subsidiary that is not 100% owned by the Company directly or indirectly. On January 1, 2026, we acquired a controlling interest in a previously unconsolidated joint venture in the Kingdom of Saudi Arabia ("KSA"), that operates and markets itself under the trade name HOV Global. Beginning in the first quarter of fiscal 2026, the results from KSA are included in our consolidated financial statements.

<table cellpadding="0" cellspacing="0" style="width:100%"><tbody><tr style="height:12pt"><td style="width:18pt; vertical-align:top">2.</td><td style="vertical-align:top">Stock Compensation</td></tr></tbody></table> During the first quarter of fiscal 2026, the Board of Directors (the "Board") approved certain grants under a new Long-Term Incentive Program (the "2026 LTIP") that contain performance-based vesting conditions. The performance period for the 2026 LTIP commenced on November 1, 2025 and will end on October 31, 2028. At the end of the performance period, approximately 50% of the awards, if any, are payable in shares of Company stock, subject to a mandatory two-year post-vesting hold period and approximately 50% of the awards, if any, are paid in cash based on the earned phantom stock units. For the three and six months ended April 30, 2026, stock-based compensation expense was $1.8 million ($1.8 million net of tax) and $3.4 million ($2.4 million net of tax), respectively. For the three and six months ended April 30, 2025, stock-based compensation expense was $4.2 million ($3.1 million net of tax) and $7.9 million ($5.7 million net of tax), respectively.

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<table cellpadding="0" cellspacing="0" style="width:100%; border-collapse:collapse"><tbody><tr><td style="width:18pt; padding:1pt; vertical-align:middle">3.</td><td style="padding:1pt; vertical-align:middle">Interest</td></tr></tbody></table>Interest costs incurred, expensed and capitalized were as follows:<div style="-aw-sdt-tag:'371-9a0-2c6-243-9164'"><div style="-aw-sdt-tag:'e31-20b-3bd-e85-3a96'; -aw-sdt-title:'Interest T1'"><table cellpadding="0" cellspacing="0" style="width:100%; border-collapse:collapse"><tbody><tr style="height:14.5pt"><td style="width:53%; vertical-align:bottom"> </td><td colspan="5" style="vertical-align:bottom"><div style="-aw-sdt-tag:'4ab-b6c-fb3-6d8-9b73'">Three Months Ended</div></td><td style="width:1%; vertical-align:bottom"> </td><td colspan="5" style="vertical-align:bottom"><div style="-aw-sdt-tag:'da9-d0d-3bd-168-5bbb'">Six Months Ended</div></td></tr><tr style="height:14.5pt"><td style="width:53%; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td colspan="5" style="border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'0ba-6bf-aac-911-f33b'">April 30,</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td colspan="5" style="border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'86a-e0b-250-911-2cbb'">April 30,</div></td></tr><tr style="height:14.5pt"><td style="width:53%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'379-a67-a25-199-4517'">(In thousands)</div></td><td colspan="2" style="border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'4f4-35d-336-2e7-0ed0'">2026</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td colspan="2" style="border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'a09-8a5-077-e6d-410c'">2025</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td colspan="2" style="border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'58e-e40-af7-8ab-dee6'">2026</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td colspan="2" style="border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'c14-995-014-c18-b325'">2025</div></td></tr><tr style="height:8pt"><td style="width:53%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'180-890-3e4-6e0-4b2f'">Interest capitalized at beginning of period</div></td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'72e-2dc-93d-939-ec47'">$</div></td><td style="width:10%; border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'66b-9d8-fb7-73b-f69f'">43,397</div></td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'d0e-41a-014-540-2bab'">$</div></td><td style="width:10%; border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'b63-b1b-4ad-a40-e3ff'"> 52,884</div></td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'d37-298-a90-673-0559'">$</div></td><td style="width:10%; border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'4e7-2e7-ba5-77e-6984'">43,263</div></td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'05a-cfd-de1-492-10d3'">$</div></td><td style="width:10%; border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'fa8-383-3f3-615-3235'"> 57,671</div></td></tr><tr style="height:14.5pt"><td style="width:53%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'045-3ba-2eb-887-3660'">Plus interest incurred(1)</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'4ea-57e-6a1-39e-5384'">31,795</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'025-a91-248-f1a-65c2'"> 29,832</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'a4a-cd5-80b-acf-a3b4'">61,362</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'546-2a9-25f-7fe-ed5d'"> 59,687</div></td></tr><tr style="height:14.5pt"><td style="width:53%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'b0e-775-200-adc-1ce7'">Less cost of sales interest expensed</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; vertical-align:bottom; background-color:#cceeff">(15,966)</td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; vertical-align:bottom; background-color:#cceeff">(19,938)</td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; vertical-align:bottom; background-color:#cceeff">(32,557)</td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; vertical-align:bottom; background-color:#cceeff">(39,294)</td></tr><tr style="height:14.5pt"><td style="width:53%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'1d2-67e-5e2-4c8-fd07'">Less other interest expensed(2)</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; vertical-align:bottom; background-color:#ffffff">(12,490)</td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; vertical-align:bottom; background-color:#ffffff">(9,145)</td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; vertical-align:bottom; background-color:#ffffff">(24,648)</td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; vertical-align:bottom; background-color:#ffffff">(18,662)</td></tr><tr style="height:14.5pt"><td style="width:53%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'68d-da8-c94-17a-4275'">Less interest contributed to unconsolidated joint ventures(3)</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'718-45a-58e-6a6-a553'">-</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'d88-075-c8f-9b2-b9db'">-</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; vertical-align:bottom; background-color:#cceeff">(1,109)</td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; vertical-align:bottom; background-color:#cceeff">(5,769)</td></tr><tr style="height:14.5pt"><td style="width:53%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'6bb-054-353-d40-e4fa'">Plus interest acquired from unconsolidated joint ventures(4)</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'977-dc7-794-84f-b065'">-</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'f6c-93e-931-760-1d58'">-</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'eed-503-a55-1ba-1b11'">425</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'b56-e32-6fb-94d-3e71'">-</div></td></tr><tr style="height:15pt"><td style="width:53%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'0b8-baa-609-344-838e'">Interest capitalized at end of period(5)</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'540-a4e-f3d-c45-0490'">$</div></td><td style="width:10%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'feb-eaa-402-4ab-d49d'">46,736</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'53b-db3-d14-da3-9f11'">$</div></td><td style="width:10%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'ef0-217-517-ebb-3324'"> 53,633</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'ed5-a03-0ea-7eb-5762'">$</div></td><td style="width:10%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'281-693-fb3-cef-6641'">46,736</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'a6b-4c0-ec7-b90-8875'">$</div></td><td style="width:10%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'b79-2ec-998-d65-5ce0'"> 53,633</div></td></tr></tbody></table></div> <table cellpadding="0" cellspacing="0" style="width:100%; margin-left:0.1pt; border-collapse:collapse"><tbody><tr style="height:7.5pt"><td style="width:2%; padding-right:1.75pt; vertical-align:top">(1)</td><td style="width:98%; vertical-align:top"><div style="-aw-sdt-tag:'696-b95-9e2-510-d1ef'">Amounts do not include interest incurred by our mortgage and finance subsidiaries.</div></td></tr><tr style="height:7.5pt"><td style="width:2%; padding-right:1.75pt; vertical-align:top">(2)</td><td style="width:98%; vertical-align:top"><div style="-aw-sdt-tag:'b4b-333-b44-434-5d5a'">During the three and six months ended April 30, 2026 and 2025, respectively, our inventory under development exceeded our debt, therefore, all of the related interest incurred qualified for interest capitalization. Other interest includes interest on completed homes, land in planning and fully developed lots without homes under construction, which does not qualify for capitalization, and therefore, is expensed as incurred.</div></td></tr></tbody></table> <table cellpadding="0" cellspacing="0" style="width:100%; border-collapse:collapse"><tbody><tr style="height:7.5pt"><td style="width:2%; padding-right:1.75pt; vertical-align:top">(3)</td><td style="width:98%; vertical-align:top"><div style="-aw-sdt-tag:'75a-d12-3fe-c26-0661'">Represents capitalized interest which was included as part of the assets contributed to joint ventures, as discussed in Note 18. There was no impact to the Condensed Consolidated Statement of Operations as a result of these capitalized interest transactions.</div></td></tr><tr style="height:12.75pt"><td style="width:2%; padding-right:1.75pt; vertical-align:top">(4)</td><td style="width:98%; vertical-align:middle"><div style="-aw-sdt-tag:'304-48a-910-c90-9927'">Represents capitalized interest which was included as part of the assets acquired from joint ventures, as discussed in Note 18. There was no impact to the Condensed Consolidated Statement of Operations as a result of these capitalized interest transactions.</div></td></tr><tr style="height:12.75pt"><td style="width:2%; padding-right:1.75pt; vertical-align:top">(5)</td><td style="width:98%; vertical-align:middle"><div style="-aw-sdt-tag:'286-fbc-45c-96d-add3'">Capitalized interest amounts are shown gross before allocating a portion of impairments, if any, to capitalized interest.</div></td></tr></tbody></table></div> <div style="-aw-sdt-tag:'e31-20b-3bd-e85-3a96'; -aw-sdt-title:'Interest T1'"><table cellpadding="0" cellspacing="0" style="width:100%; border-collapse:collapse"><tbody><tr style="height:14.5pt"><td style="width:53%; vertical-align:bottom"> </td><td colspan="5" style="vertical-align:bottom"><div style="-aw-sdt-tag:'4ab-b6c-fb3-6d8-9b73'">Three Months Ended</div></td><td style="width:1%; vertical-align:bottom"> </td><td colspan="5" style="vertical-align:bottom"><div style="-aw-sdt-tag:'da9-d0d-3bd-168-5bbb'">Six Months Ended</div></td></tr><tr style="height:14.5pt"><td style="width:53%; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td colspan="5" style="border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'0ba-6bf-aac-911-f33b'">April 30,</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td colspan="5" style="border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'86a-e0b-250-911-2cbb'">April 30,</div></td></tr><tr style="height:14.5pt"><td style="width:53%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'379-a67-a25-199-4517'">(In thousands)</div></td><td colspan="2" style="border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'4f4-35d-336-2e7-0ed0'">2026</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td colspan="2" style="border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'a09-8a5-077-e6d-410c'">2025</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td colspan="2" style="border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'58e-e40-af7-8ab-dee6'">2026</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td colspan="2" style="border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'c14-995-014-c18-b325'">2025</div></td></tr><tr style="height:8pt"><td style="width:53%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'180-890-3e4-6e0-4b2f'">Interest capitalized at beginning of period</div></td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'72e-2dc-93d-939-ec47'">$</div></td><td style="width:10%; border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'66b-9d8-fb7-73b-f69f'">43,397</div></td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'d0e-41a-014-540-2bab'">$</div></td><td style="width:10%; border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'b63-b1b-4ad-a40-e3ff'"> 52,884</div></td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'d37-298-a90-673-0559'">$</div></td><td style="width:10%; border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'4e7-2e7-ba5-77e-6984'">43,263</div></td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'05a-cfd-de1-492-10d3'">$</div></td><td style="width:10%; border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'fa8-383-3f3-615-3235'"> 57,671</div></td></tr><tr style="height:14.5pt"><td style="width:53%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'045-3ba-2eb-887-3660'">Plus interest incurred(1)</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'4ea-57e-6a1-39e-5384'">31,795</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'025-a91-248-f1a-65c2'"> 29,832</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'a4a-cd5-80b-acf-a3b4'">61,362</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'546-2a9-25f-7fe-ed5d'"> 59,687</div></td></tr><tr style="height:14.5pt"><td style="width:53%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'b0e-775-200-adc-1ce7'">Less cost of sales interest expensed</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; vertical-align:bottom; background-color:#cceeff">(15,966)</td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; vertical-align:bottom; background-color:#cceeff">(19,938)</td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; vertical-align:bottom; background-color:#cceeff">(32,557)</td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; vertical-align:bottom; background-color:#cceeff">(39,294)</td></tr><tr style="height:14.5pt"><td style="width:53%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'1d2-67e-5e2-4c8-fd07'">Less other interest expensed(2)</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; vertical-align:bottom; background-color:#ffffff">(12,490)</td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; vertical-align:bottom; background-color:#ffffff">(9,145)</td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; vertical-align:bottom; background-color:#ffffff">(24,648)</td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; vertical-align:bottom; background-color:#ffffff">(18,662)</td></tr><tr style="height:14.5pt"><td style="width:53%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'68d-da8-c94-17a-4275'">Less interest contributed to unconsolidated joint ventures(3)</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'718-45a-58e-6a6-a553'">-</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'d88-075-c8f-9b2-b9db'">-</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; vertical-align:bottom; background-color:#cceeff">(1,109)</td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; vertical-align:bottom; background-color:#cceeff">(5,769)</td></tr><tr style="height:14.5pt"><td style="width:53%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'6bb-054-353-d40-e4fa'">Plus interest acquired from unconsolidated joint ventures(4)</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'977-dc7-794-84f-b065'">-</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'f6c-93e-931-760-1d58'">-</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'eed-503-a55-1ba-1b11'">425</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'b56-e32-6fb-94d-3e71'">-</div></td></tr><tr style="height:15pt"><td style="width:53%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'0b8-baa-609-344-838e'">Interest capitalized at end of period(5)</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'540-a4e-f3d-c45-0490'">$</div></td><td style="width:10%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'feb-eaa-402-4ab-d49d'">46,736</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'53b-db3-d14-da3-9f11'">$</div></td><td style="width:10%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'ef0-217-517-ebb-3324'"> 53,633</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'ed5-a03-0ea-7eb-5762'">$</div></td><td style="width:10%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'281-693-fb3-cef-6641'">46,736</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'a6b-4c0-ec7-b90-8875'">$</div></td><td style="width:10%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'b79-2ec-998-d65-5ce0'"> 53,633</div></td></tr></tbody></table></div> <table cellpadding="0" cellspacing="0" style="width:100%; margin-left:0.1pt; border-collapse:collapse"><tbody><tr style="height:7.5pt"><td style="width:2%; padding-right:1.75pt; vertical-align:top">(1)</td><td style="width:98%; vertical-align:top"><div style="-aw-sdt-tag:'696-b95-9e2-510-d1ef'">Amounts do not include interest incurred by our mortgage and finance subsidiaries.</div></td></tr><tr style="height:7.5pt"><td style="width:2%; padding-right:1.75pt; vertical-align:top">(2)</td><td style="width:98%; vertical-align:top"><div style="-aw-sdt-tag:'b4b-333-b44-434-5d5a'">During the three and six months ended April 30, 2026 and 2025, respectively, our inventory under development exceeded our debt, therefore, all of the related interest incurred qualified for interest capitalization. Other interest includes interest on completed homes, land in planning and fully developed lots without homes under construction, which does not qualify for capitalization, and therefore, is expensed as incurred.</div></td></tr></tbody></table> <table cellpadding="0" cellspacing="0" style="width:100%; border-collapse:collapse"><tbody><tr style="height:7.5pt"><td style="width:2%; padding-right:1.75pt; vertical-align:top">(3)</td><td style="width:98%; vertical-align:top"><div style="-aw-sdt-tag:'75a-d12-3fe-c26-0661'">Represents capitalized interest which was included as part of the assets contributed to joint ventures, as discussed in Note 18. There was no impact to the Condensed Consolidated Statement of Operations as a result of these capitalized interest transactions.</div></td></tr><tr style="height:12.75pt"><td style="width:2%; padding-right:1.75pt; vertical-align:top">(4)</td><td style="width:98%; vertical-align:middle"><div style="-aw-sdt-tag:'304-48a-910-c90-9927'">Represents capitalized interest which was included as part of the assets acquired from joint ventures, as discussed in Note 18. There was no impact to the Condensed Consolidated Statement of Operations as a result of these capitalized interest transactions.</div></td></tr><tr style="height:12.75pt"><td style="width:2%; padding-right:1.75pt; vertical-align:top">(5)</td><td style="width:98%; vertical-align:middle"><div style="-aw-sdt-tag:'286-fbc-45c-96d-add3'">Capitalized interest amounts are shown gross before allocating a portion of impairments, if any, to capitalized interest.</div></td></tr></tbody></table>

43397000

52884000

43263000

57671000

31795000

29832000

61362000

59687000

15966000

19938000

32557000

39294000

12490000 9145000 24648000 18662000 0 0 1109000 5769000 0 0 425000 0

46736000

53633000

46736000

53633000

5300000

1 1 5400000 5400000

1200000

3400000 1900000 5800000 2900000 2015 2463 2750 4897 73000000 74300000 73200000 75600000 296100000 258600000 180200000 169100000

340800000 333200000 3400000000 2800000000

<table cellpadding="0" cellspacing="0" style="width:100%; border-collapse:collapse"><tbody><tr><td style="width:18.5pt; vertical-align:top"><div style="-aw-sdt-tag:'c44-437-42b-176-76ca'">6.</div></td><td style="vertical-align:top">Warranty Costs</td></tr></tbody></table> We accrue for warranty costs that are covered under our existing general liability and construction defect policy as part of our general liability insurance deductible. For homes to be delivered in fiscal 2026 and previously delivered in 2025, our annual deductible under our general liability insurance is or was $40.0 million and $30.0 million, respectively, aggregated for construction defect and warranty claims. For bodily injury claims, our deductible per occurrence in fiscal 2026 is $0.5 million and in fiscal 2025 was $0.25 million, with $0.5 million for action over claims and a $30.0 million limit in both fiscal 2026 and 2025. In addition, we establish a warranty accrual for lower cost-related issues to cover home repairs, community amenities and land development infrastructure that are not covered under our general liability and construction defect policy. We accrue an estimate for these warranty costs at the time each home is closed and control is transferred to the homebuyer. Additions, charges and changes in the warranty reserve and general liability reserve for the three and six months ended April 30, 2026 and 2025 were as follows: <div style="-aw-sdt-tag:'065-f4d-619-7dd-6916'"></div><div style="-aw-sdt-tag:'065-f4d-619-7dd-6916'"></div><div style="-aw-sdt-tag:'582-f57-3e0-286-56ac'"><div style="-aw-sdt-tag:'653-bee-0db-8b5-997f'; -aw-sdt-title:'Warranty Costs T1'"><table cellpadding="0" cellspacing="0" style="width:100%; border-collapse:collapse"><tbody><tr style="height:12.95pt"><td style="width:53%; vertical-align:bottom"> </td><td colspan="5" style="vertical-align:bottom"><div style="-aw-sdt-tag:'325-858-701-090-02b4'">Three Months Ended</div></td><td style="width:1%; vertical-align:bottom"> </td><td colspan="5" style="vertical-align:bottom"><div style="-aw-sdt-tag:'c8a-f80-c56-511-7853'">Six Months Ended</div></td></tr><tr style="height:12.95pt"><td style="width:53%; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td colspan="5" style="border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'569-17f-190-8de-78d9'">April 30,</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td colspan="5" style="border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'6fc-d34-fba-1ec-3b54'">April 30,</div></td></tr><tr style="height:12.95pt"><td style="width:53%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'edd-07b-b04-ee8-8ff0'">(In thousands)</div></td><td colspan="2" style="border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'12a-f7b-fe9-8c8-9c1e'">2026</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td colspan="2" style="border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'532-863-9db-86b-51fc'">2025</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td colspan="2" style="border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'1f1-2a4-3c7-4af-428f'">2026</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td colspan="2" style="border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'c8d-66f-466-222-94af'">2025</div></td></tr><tr style="height:12.95pt"><td style="width:53%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'c70-9e4-c21-c4c-bff4'">Balance, beginning of period</div></td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'b26-778-239-7e0-6f75'">$</div></td><td style="width:10%; border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'993-d60-ff7-e3d-2d1c'">105,482</div></td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'37d-9a1-e11-942-e053'">$</div></td><td style="width:10%; border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'173-c77-2a7-6d9-284c'">90,790</div></td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'54f-a8b-6b0-eb7-9768'">$</div></td><td style="width:10%; border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'88a-049-3a9-cf4-2168'">103,824</div></td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'d88-b56-8e1-908-4ac4'">$</div></td><td style="width:10%; border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'fbf-f07-208-052-1ba7'">89,391</div></td></tr><tr style="height:12.95pt"><td style="width:53%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'e3b-9fd-995-c4f-6b8b'">Additions – Selling, general and administrative</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'6f2-eba-d8b-fbc-3a0b'">2,150</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'b4e-c31-ccb-9ad-503d'">2,547</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'799-e33-ddb-3b4-476d'">4,189</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'a5e-1f6-cab-6dc-ae28'">5,094</div></td></tr><tr style="height:12.95pt"><td style="width:53%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'24b-383-3b5-3bc-632d'">Additions – Cost of sales</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'ec9-064-c34-8f4-c5cf'">1,410</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'acb-c62-17c-5ef-2b8a'">2,116</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'aaa-21d-d24-919-efa1'">2,783</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'ea8-32a-e84-ee6-386f'">4,218</div></td></tr><tr style="height:12.95pt"><td style="width:53%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'9df-4a0-d79-7e2-6f5f'">Charges incurred during the period</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; vertical-align:bottom; background-color:#ffffff">(3,912)</td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; vertical-align:bottom; background-color:#ffffff">(3,479)</td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; vertical-align:bottom; background-color:#ffffff">(7,338)</td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; vertical-align:bottom; background-color:#ffffff">(6,355)</td></tr><tr style="height:12.95pt"><td style="width:53%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'921-454-a6b-d61-803a'">Changes to pre-existing reserves (1)</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff">(1,491)</td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff">(174)</td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'c93-eed-3ad-52c-d72b'">181</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff">(548)</td></tr><tr style="height:12.95pt"><td style="width:53%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'890-ba7-6f2-fef-1fdd'">Balance, end of period</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'62f-1ea-c33-f4e-e175'">$</div></td><td style="width:10%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'e75-f40-bb4-c30-c00e'">103,639</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'72a-683-db5-172-d43c'">$</div></td><td style="width:10%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'046-371-171-5db-b9a9'">91,800</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'6d4-6f5-077-0f7-a3f9'">$</div></td><td style="width:10%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'6f8-1a8-0a8-a9c-5443'">103,639</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'42f-5af-ac9-ce3-1748'">$</div></td><td style="width:10%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'cb2-5ee-ce2-5f8-261f'">91,800</div></td></tr></tbody></table></div>(1) Includes reserve balances acquired from unconsolidated joint ventures, as discussed in Note 18.</div>

40000000 30000000 500000 250000 500000 500000 30000000 30000000

<div style="-aw-sdt-tag:'653-bee-0db-8b5-997f'; -aw-sdt-title:'Warranty Costs T1'"><table cellpadding="0" cellspacing="0" style="width:100%; border-collapse:collapse"><tbody><tr style="height:12.95pt"><td style="width:53%; vertical-align:bottom"> </td><td colspan="5" style="vertical-align:bottom"><div style="-aw-sdt-tag:'325-858-701-090-02b4'">Three Months Ended</div></td><td style="width:1%; vertical-align:bottom"> </td><td colspan="5" style="vertical-align:bottom"><div style="-aw-sdt-tag:'c8a-f80-c56-511-7853'">Six Months Ended</div></td></tr><tr style="height:12.95pt"><td style="width:53%; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td colspan="5" style="border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'569-17f-190-8de-78d9'">April 30,</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td colspan="5" style="border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'6fc-d34-fba-1ec-3b54'">April 30,</div></td></tr><tr style="height:12.95pt"><td style="width:53%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'edd-07b-b04-ee8-8ff0'">(In thousands)</div></td><td colspan="2" style="border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'12a-f7b-fe9-8c8-9c1e'">2026</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td colspan="2" style="border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'532-863-9db-86b-51fc'">2025</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td colspan="2" style="border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'1f1-2a4-3c7-4af-428f'">2026</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td colspan="2" style="border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'c8d-66f-466-222-94af'">2025</div></td></tr><tr style="height:12.95pt"><td style="width:53%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'c70-9e4-c21-c4c-bff4'">Balance, beginning of period</div></td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'b26-778-239-7e0-6f75'">$</div></td><td style="width:10%; border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'993-d60-ff7-e3d-2d1c'">105,482</div></td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'37d-9a1-e11-942-e053'">$</div></td><td style="width:10%; border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'173-c77-2a7-6d9-284c'">90,790</div></td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'54f-a8b-6b0-eb7-9768'">$</div></td><td style="width:10%; border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'88a-049-3a9-cf4-2168'">103,824</div></td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'d88-b56-8e1-908-4ac4'">$</div></td><td style="width:10%; border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'fbf-f07-208-052-1ba7'">89,391</div></td></tr><tr style="height:12.95pt"><td style="width:53%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'e3b-9fd-995-c4f-6b8b'">Additions – Selling, general and administrative</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'6f2-eba-d8b-fbc-3a0b'">2,150</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'b4e-c31-ccb-9ad-503d'">2,547</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'799-e33-ddb-3b4-476d'">4,189</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'a5e-1f6-cab-6dc-ae28'">5,094</div></td></tr><tr style="height:12.95pt"><td style="width:53%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'24b-383-3b5-3bc-632d'">Additions – Cost of sales</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'ec9-064-c34-8f4-c5cf'">1,410</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'acb-c62-17c-5ef-2b8a'">2,116</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'aaa-21d-d24-919-efa1'">2,783</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'ea8-32a-e84-ee6-386f'">4,218</div></td></tr><tr style="height:12.95pt"><td style="width:53%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'9df-4a0-d79-7e2-6f5f'">Charges incurred during the period</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; vertical-align:bottom; background-color:#ffffff">(3,912)</td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; vertical-align:bottom; background-color:#ffffff">(3,479)</td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; vertical-align:bottom; background-color:#ffffff">(7,338)</td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; vertical-align:bottom; background-color:#ffffff">(6,355)</td></tr><tr style="height:12.95pt"><td style="width:53%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'921-454-a6b-d61-803a'">Changes to pre-existing reserves (1)</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff">(1,491)</td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff">(174)</td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'c93-eed-3ad-52c-d72b'">181</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff">(548)</td></tr><tr style="height:12.95pt"><td style="width:53%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'890-ba7-6f2-fef-1fdd'">Balance, end of period</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'62f-1ea-c33-f4e-e175'">$</div></td><td style="width:10%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'e75-f40-bb4-c30-c00e'">103,639</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'72a-683-db5-172-d43c'">$</div></td><td style="width:10%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'046-371-171-5db-b9a9'">91,800</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'6d4-6f5-077-0f7-a3f9'">$</div></td><td style="width:10%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'6f8-1a8-0a8-a9c-5443'">103,639</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'42f-5af-ac9-ce3-1748'">$</div></td><td style="width:10%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'cb2-5ee-ce2-5f8-261f'">91,800</div></td></tr></tbody></table></div>(1) Includes reserve balances acquired from unconsolidated joint ventures, as discussed in Note 18.

105482000

90790000

103824000

89391000

2150000

2547000

4189000

5094000

1410000

2116000

2783000

4218000

3912000

3479000

7338000

6355000

-1491000

-174000

181000

-548000

103639000

91800000

103639000

91800000

<table cellpadding="0" cellspacing="0" style="width:100%"><tbody><tr><td style="width:18pt; vertical-align:top">7.</td><td style="vertical-align:top">Commitments and Contingent Liabilities</td></tr></tbody></table> We are involved in litigation, claims and other proceedings arising in the ordinary course of business. 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. While the outcome of such contingencies cannot be predicted with certainty, we do not believe that the resolution of such matters will have a material adverse impact on our financial position, results of operations or cash flows. In December 2020, the New Jersey Department of Environmental Protection (“NJDEP”) and the Administrator of the New Jersey Spill Compensation Fund (the “Spill Fund”) filed a lawsuit in the Superior Court of New Jersey, Law Division, Union County against Hovnanian Enterprises, Inc., in addition to other unrelated parties, in connection with contamination at Hickory Manor, a residential condominium development. Alleged predecessors of certain defendants had used the Hickory Manor property for decades for manufacturing purposes. In 1998 (when one of our affiliates purchased the property and began conducting the remediation), NJDEP confirmed that groundwater at this site was impacted from an off-site source. The site was later remediated, resulting in the NJDEP issuing an unconditional site-wide No Further Action (“NFA”) determination letter and Covenant Not to Sue in 1999. Subsequently, one of our affiliates was involved in redeveloping the property as a residential community. The complaint asserts claims under the New Jersey Spill Act and other state law claims and alleges that the NJDEP and the Spill Fund have incurred over $5.3 million since 2009 to investigate vapor intrusion at the development and to install vapor mitigation systems. Among other things, the complaint seeks recovery of the costs incurred, an order that defendants perform additional required remediation and disgorgement of profits on our affiliate’s sales of the homes in the development. Discovery has commenced. Hovnanian Enterprises, Inc. intends to defend these claims vigorously.

5300000

<table cellpadding="0" cellspacing="0" style="width:100%"><tbody><tr style="height:12.75pt"><td style="width:18pt; vertical-align:top">8.</td><td style="vertical-align:top">Cash Equivalents, Restricted Cash and Customers' Deposits</td></tr></tbody></table> Cash equivalents include certificates of deposit, U.S. Treasury bills and government money–market funds with maturities of 90 days or less when purchased. Our cash balances are held at a few financial institutions and may, at times, exceed insurable amounts. We believe we help to mitigate this risk by depositing our cash in major high credit quality financial institutions. As of April 30, 2026 and October 31, 2025, $8.8 million and $11.9 million, respectively, of our total cash and cash equivalents was in cash equivalents and restricted cash equivalents. Homebuilding "Restricted cash and cash equivalents" on the Condensed Consolidated Balance Sheets totaled $9.9 million and $12.6 million as of April 30, 2026 and October 31, 2025, respectively, which primarily consists of cash collateralizing our letter of credit agreements and facilities (see Note 12).<div style="-aw-sdt-tag:'901-13c-a90-170-c120'"></div><div style="-aw-sdt-tag:'901-13c-a90-170-c120'"></div> Financial services restricted cash and cash equivalents, which are included in "Financial services" assets on the Condensed Consolidated Balance Sheets, totaled $24.5 million and $27.7 million as of April 30, 2026 and October 31, 2025, respectively. Included in these balances were (1) financial services customers’ deposits of $22.2 million and $25.4 million at April 30, 2026 and October 31, 2025, respectively, which are subject to restrictions on our use, and (2) restricted cash under the terms of our mortgage warehouse lines of credit of $2.3 million at both April 30, 2026 and October 31, 2025. Homebuilding "Customers' deposits" are shown as a liability on the Condensed Consolidated Balance Sheets. These liabilities are significantly more than the applicable periods’ restricted cash balances because in some states the deposits are not restricted from use and, in other states, we are able to release the majority of these customer deposits to cash by pledging letters of credit or surety bonds.

8800000

11900000

9900000

12600000

24500000

27700000

22200000

25400000

2300000

<table cellpadding="0" cellspacing="0" style="width:100%; border-collapse:collapse"><tbody><tr><td style="width:18.5pt; vertical-align:top">9.</td><td style="vertical-align:top">Leases </td></tr></tbody></table> We rent certain office space for use in our operations. Our lease population at April 30, 2026 is comprised of operating leases where we are the lessee, primarily for our corporate office and division offices. Lease costs are included in our Condensed Consolidated Statements of Operations, primarily in "Selling, general and administrative" homebuilding expenses, and payments on our lease liabilities are presented in the table below.<div style="-aw-sdt-tag:'6ad-09e-994-4c8-7ff7'; -aw-sdt-title:'Leases T1'"><table cellpadding="0" cellspacing="0" style="width:100%; border-collapse:collapse"><tbody><tr style="height:12.95pt"><td style="width:53%; vertical-align:bottom"> </td><td colspan="5" style="vertical-align:bottom"><div style="-aw-sdt-tag:'7fc-404-35e-6cf-f957'">Three Months Ended</div></td><td style="width:1%; vertical-align:bottom"> </td><td colspan="5" style="vertical-align:bottom"><div style="-aw-sdt-tag:'8da-b45-932-725-9a2c'">Six Months Ended</div></td></tr><tr style="height:12.95pt"><td style="width:53%; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td colspan="5" style="border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'e0f-346-ca3-39f-eab3'">April 30,</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td colspan="5" style="border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'296-e06-ff8-a1c-1c0f'">April 30,</div></td></tr><tr style="height:12.95pt"><td style="width:53%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'daf-b91-954-067-7f51'">(In thousands)</div></td><td colspan="2" style="border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'76f-11a-900-5a5-e929'">2026</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td colspan="2" style="border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'168-3fc-836-62d-4594'">2025</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td colspan="2" style="border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'1f6-442-b46-8a2-7c46'">2026</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td colspan="2" style="border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'209-f7d-f4a-2ba-1f79'">2025</div></td></tr><tr style="height:12.95pt"><td style="width:53%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'d4f-246-a24-75f-18c1'">Operating lease costs</div></td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'ca4-0b7-d39-2ad-3c98'">$</div></td><td style="width:10%; border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'da7-bd0-a48-0b0-cd03'">3,252</div></td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'267-899-a98-ce1-d13e'">$</div></td><td style="width:10%; border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'277-423-19f-3b5-41d7'">2,837</div></td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'3f3-568-f7c-fda-c1d9'">$</div></td><td style="width:10%; border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'d7e-ad3-7fe-8ff-cbfc'">6,125</div></td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'c34-ef9-0cf-49d-b9bd'">$</div></td><td style="width:10%; border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'849-bbc-f03-ae4-4b12'"> 5,832</div></td></tr><tr style="height:12.95pt"><td style="width:53%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'a2b-898-6f0-332-f32f'">Cash payments on lease liabilities</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'70e-77e-e65-bb0-68dd'">$</div></td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'039-78b-d3c-e06-9b67'">2,916</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'656-24a-879-2c7-3563'">$</div></td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'f3a-091-7c2-d20-005f'">2,741</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'eba-f2d-6c6-522-f4dc'">$</div></td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'ff9-f77-110-d03-89a0'">5,745</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'05f-094-03c-498-7236'">$</div></td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'758-928-51a-54c-3978'"> 5,572</div></td></tr></tbody></table></div> Operating right-of-use lease assets ("ROU assets") are included in "Prepaid expenses and other assets" on our Condensed Consolidated Balance Sheets, while lease liabilities are included in "Accounts payable and other liabilities." During the six months ended April 30, 2026, we had an increase to ROU assets of $11.1 million and an increase to lease liabilities of $13.7 million primarily as a result of new leases and lease renewals, adjusted for lease incentives, that commenced during the period. During the six months ended April 30, 2026, we recognized $4.9 million of income included in "Other (income) expense, net" in our Condensed Consolidated Statements of Operations, due to the receipt of an early termination fee to leave office space in the Northeast segment before the lease maturity date. The following table contains additional information about our leases: <div style="-aw-sdt-tag:'73f-ad3-541-f99-fb1d'; -aw-sdt-title:'Leases T2'"><table cellpadding="0" cellspacing="0" style="width:100%; border-collapse:collapse"><tbody><tr style="height:12.95pt"><td style="width:76%; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'38b-4c0-79d-3a8-791d'">(In thousands)</div></td><td colspan="2" style="border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'cd8-638-b81-093-d0e1'">April 30, 2026</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td colspan="2" style="border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'78a-369-a60-bc2-7fe6'">October 31, 2025</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom"> </td></tr><tr style="height:12.95pt"><td style="width:76%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'60b-de9-a0d-fc9-65ba'">ROU assets</div></td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'4d1-98a-f0a-2ee-e027'">$</div></td><td style="width:10%; border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'e0f-db9-1ad-3db-3b35'">34,797</div></td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'fb6-97c-aaa-119-737c'">$</div></td><td style="width:10%; border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'7b2-f10-d97-dba-acc4'">23,671</div></td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td></tr><tr style="height:12.95pt"><td style="width:76%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'7bc-91b-21c-447-affb'">Lease liabilities</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'79a-519-407-f68-af57'">$</div></td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'01a-aea-a19-e7e-ab72'">40,820</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'ed6-9b6-a84-ed7-826c'">$</div></td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'8ac-042-d8f-265-2d6b'">27,090</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td></tr><tr style="height:12.95pt"><td style="width:76%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'f93-8b6-0be-770-836e'">Weighted-average remaining lease term (in years)</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'175-f0a-35a-400-1282'">5.7</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'b0a-a8c-81c-13d-1891'">3.5</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td></tr><tr style="height:12.95pt"><td style="width:76%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'630-42e-e0c-909-fa8e'">Weighted-average discount rate</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'3b4-69a-474-d6a-ac0e'">8.1</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'edd-db1-821-0b3-3480'">%</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'b79-a5a-ccd-121-61f2'">8.1</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'4ec-157-066-511-6713'">%</div></td></tr></tbody></table></div> Maturities of our operating lease liabilities as of April 30, 2026 are as follows: <div style="-aw-sdt-tag:'9c2-4c6-f33-400-57d7'; -aw-sdt-title:'Leases T3'"><table cellpadding="0" cellspacing="0" style="width:100%; border-collapse:collapse"><tbody><tr style="height:14.5pt"><td style="width:88%; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'325-782-8fc-952-d841'">Fiscal Year Ending October 31,</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:11%; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'008-8c4-ea4-2b0-9059'">(In thousands)</div></td></tr><tr style="height:14.5pt"><td style="width:88%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'a41-ed3-0bd-105-30b2'">2026 (excluding the six months ended April 30, 2026)</div></td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'a82-d09-cd5-8b5-482b'">$</div></td><td style="width:11%; border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'d59-087-819-107-2a51'">6,131</div></td></tr><tr style="height:14.5pt"><td style="width:88%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'3d2-f5d-586-db9-8f5c'">2027</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:11%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'f21-dde-073-932-f970'">11,414</div></td></tr><tr style="height:14.5pt"><td style="width:88%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'ebc-063-2ab-5d5-e0e4'">2028</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:11%; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'27b-969-ac7-86a-d92a'">8,454</div></td></tr><tr style="height:14.5pt"><td style="width:88%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'dfa-2e8-212-e96-0a7f'">2029</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:11%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'1c9-3eb-05d-815-ebbd'">7,454</div></td></tr><tr style="height:14.5pt"><td style="width:88%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'657-862-406-ede-e101'">2030</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:11%; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'de5-ea3-0c1-906-6e58'">5,768</div></td></tr><tr style="height:14.5pt"><td style="width:88%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'a89-7a6-6f8-f4c-e283'">2031 and thereafter</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:11%; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'639-78d-e64-47a-3e79'">12,246</div></td></tr><tr style="height:14.5pt"><td style="width:88%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'ec9-47a-2bd-4ed-ccaf'">Total operating lease payments</div></td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:11%; border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'6bf-2ee-d9b-012-9b37'">51,467</div></td></tr><tr style="height:14.5pt"><td style="width:88%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'eb0-518-dd5-ff3-7a1f'">Less: imputed interest</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:11%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff">(10,647)</td></tr><tr style="height:15pt"><td style="width:88%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'368-822-1e4-fdc-3a59'">Present value of operating lease liabilities</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'3a4-62b-026-b31-fa5e'">$</div></td><td style="width:11%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'260-eaf-ef0-56a-da89'">40,820</div></td></tr></tbody></table></div>

<table cellpadding="0" cellspacing="0" style="width:100%; border-collapse:collapse"><tbody><tr style="height:12.95pt"><td style="width:53%; vertical-align:bottom"> </td><td colspan="5" style="vertical-align:bottom"><div style="-aw-sdt-tag:'7fc-404-35e-6cf-f957'">Three Months Ended</div></td><td style="width:1%; vertical-align:bottom"> </td><td colspan="5" style="vertical-align:bottom"><div style="-aw-sdt-tag:'8da-b45-932-725-9a2c'">Six Months Ended</div></td></tr><tr style="height:12.95pt"><td style="width:53%; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td colspan="5" style="border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'e0f-346-ca3-39f-eab3'">April 30,</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td colspan="5" style="border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'296-e06-ff8-a1c-1c0f'">April 30,</div></td></tr><tr style="height:12.95pt"><td style="width:53%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'daf-b91-954-067-7f51'">(In thousands)</div></td><td colspan="2" style="border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'76f-11a-900-5a5-e929'">2026</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td colspan="2" style="border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'168-3fc-836-62d-4594'">2025</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td colspan="2" style="border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'1f6-442-b46-8a2-7c46'">2026</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td colspan="2" style="border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'209-f7d-f4a-2ba-1f79'">2025</div></td></tr><tr style="height:12.95pt"><td style="width:53%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'d4f-246-a24-75f-18c1'">Operating lease costs</div></td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'ca4-0b7-d39-2ad-3c98'">$</div></td><td style="width:10%; border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'da7-bd0-a48-0b0-cd03'">3,252</div></td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'267-899-a98-ce1-d13e'">$</div></td><td style="width:10%; border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'277-423-19f-3b5-41d7'">2,837</div></td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'3f3-568-f7c-fda-c1d9'">$</div></td><td style="width:10%; border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'d7e-ad3-7fe-8ff-cbfc'">6,125</div></td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'c34-ef9-0cf-49d-b9bd'">$</div></td><td style="width:10%; border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'849-bbc-f03-ae4-4b12'"> 5,832</div></td></tr><tr style="height:12.95pt"><td style="width:53%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'a2b-898-6f0-332-f32f'">Cash payments on lease liabilities</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'70e-77e-e65-bb0-68dd'">$</div></td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'039-78b-d3c-e06-9b67'">2,916</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'656-24a-879-2c7-3563'">$</div></td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'f3a-091-7c2-d20-005f'">2,741</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'eba-f2d-6c6-522-f4dc'">$</div></td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'ff9-f77-110-d03-89a0'">5,745</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'05f-094-03c-498-7236'">$</div></td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'758-928-51a-54c-3978'"> 5,572</div></td></tr></tbody></table><table cellpadding="0" cellspacing="0" style="width:100%; border-collapse:collapse"><tbody><tr style="height:12.95pt"><td style="width:76%; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'38b-4c0-79d-3a8-791d'">(In thousands)</div></td><td colspan="2" style="border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'cd8-638-b81-093-d0e1'">April 30, 2026</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td colspan="2" style="border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'78a-369-a60-bc2-7fe6'">October 31, 2025</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom"> </td></tr><tr style="height:12.95pt"><td style="width:76%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'60b-de9-a0d-fc9-65ba'">ROU assets</div></td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'4d1-98a-f0a-2ee-e027'">$</div></td><td style="width:10%; border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'e0f-db9-1ad-3db-3b35'">34,797</div></td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'fb6-97c-aaa-119-737c'">$</div></td><td style="width:10%; border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'7b2-f10-d97-dba-acc4'">23,671</div></td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td></tr><tr style="height:12.95pt"><td style="width:76%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'7bc-91b-21c-447-affb'">Lease liabilities</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'79a-519-407-f68-af57'">$</div></td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'01a-aea-a19-e7e-ab72'">40,820</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'ed6-9b6-a84-ed7-826c'">$</div></td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'8ac-042-d8f-265-2d6b'">27,090</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td></tr><tr style="height:12.95pt"><td style="width:76%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'f93-8b6-0be-770-836e'">Weighted-average remaining lease term (in years)</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'175-f0a-35a-400-1282'">5.7</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'b0a-a8c-81c-13d-1891'">3.5</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td></tr><tr style="height:12.95pt"><td style="width:76%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'630-42e-e0c-909-fa8e'">Weighted-average discount rate</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'3b4-69a-474-d6a-ac0e'">8.1</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'edd-db1-821-0b3-3480'">%</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'b79-a5a-ccd-121-61f2'">8.1</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'4ec-157-066-511-6713'">%</div></td></tr></tbody></table>

3252000

2837000

6125000

5832000

2916000

2741000

5745000

5572000

11100000

13700000

4900000

34797000

23671000

40820000

27090000

P5Y8M12D

P3Y6M

0.081

<table cellpadding="0" cellspacing="0" style="width:100%; border-collapse:collapse"><tbody><tr style="height:14.5pt"><td style="width:88%; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'325-782-8fc-952-d841'">Fiscal Year Ending October 31,</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:11%; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'008-8c4-ea4-2b0-9059'">(In thousands)</div></td></tr><tr style="height:14.5pt"><td style="width:88%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'a41-ed3-0bd-105-30b2'">2026 (excluding the six months ended April 30, 2026)</div></td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'a82-d09-cd5-8b5-482b'">$</div></td><td style="width:11%; border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'d59-087-819-107-2a51'">6,131</div></td></tr><tr style="height:14.5pt"><td style="width:88%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'3d2-f5d-586-db9-8f5c'">2027</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:11%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'f21-dde-073-932-f970'">11,414</div></td></tr><tr style="height:14.5pt"><td style="width:88%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'ebc-063-2ab-5d5-e0e4'">2028</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:11%; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'27b-969-ac7-86a-d92a'">8,454</div></td></tr><tr style="height:14.5pt"><td style="width:88%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'dfa-2e8-212-e96-0a7f'">2029</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:11%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'1c9-3eb-05d-815-ebbd'">7,454</div></td></tr><tr style="height:14.5pt"><td style="width:88%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'657-862-406-ede-e101'">2030</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:11%; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'de5-ea3-0c1-906-6e58'">5,768</div></td></tr><tr style="height:14.5pt"><td style="width:88%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'a89-7a6-6f8-f4c-e283'">2031 and thereafter</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:11%; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'639-78d-e64-47a-3e79'">12,246</div></td></tr><tr style="height:14.5pt"><td style="width:88%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'ec9-47a-2bd-4ed-ccaf'">Total operating lease payments</div></td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:11%; border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'6bf-2ee-d9b-012-9b37'">51,467</div></td></tr><tr style="height:14.5pt"><td style="width:88%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'eb0-518-dd5-ff3-7a1f'">Less: imputed interest</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:11%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff">(10,647)</td></tr><tr style="height:15pt"><td style="width:88%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'368-822-1e4-fdc-3a59'">Present value of operating lease liabilities</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'3a4-62b-026-b31-fa5e'">$</div></td><td style="width:11%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'260-eaf-ef0-56a-da89'">40,820</div></td></tr></tbody></table>

6131000

11414000

8454000

7454000

5768000

12246000

51467000

10647000

40820000

<table cellpadding="0" cellspacing="0" style="width:100%; border-collapse:collapse"><tbody><tr><td style="width:18.5pt; vertical-align:top">10. </td><td style="vertical-align:top">Mortgage Loans Held for Sale </td></tr></tbody></table> 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 and related servicing rights are generally sold in the secondary mortgage market within a short period of time from origination. Mortgage loans held for sale are collateralized by the underlying property. Loans held for sale are recorded at fair value with changes in the value recognized in the Condensed Consolidated Statements of Operations in “Financial services” revenue. As of April 30, 2026 and October 31, 2025, $113.8 million and $107.6 million, respectively, of mortgages held for sale were pledged against our mortgage warehouse lines of credit (see Note 11). We may incur losses with respect to mortgages that were previously sold that are delinquent and which had underwriting defects, but only to the extent the losses are not covered by mortgage insurance or the resale value of the home. The reserves for these estimated losses are included in “Financial services” liabilities on the Condensed Consolidated Balance Sheets. As of both April 30, 2026 and October 31, 2025, we had specific reserves for 9 identified mortgage loans as well as reserves for an estimate of future losses on mortgages sold but not yet identified to us. The activity in our loan origination reserves during the three and six months ended April 30, 2026 and 2025 were as follows: <div style="-aw-sdt-tag:'174-f2a-3a0-f05-ecbf'; -aw-sdt-title:'Mortgage Loans Held for Sale T1'"><table cellpadding="0" cellspacing="0" style="width:100%; border-collapse:collapse"><tbody><tr style="height:12.95pt"><td style="width:53%; vertical-align:bottom"> </td><td colspan="5" style="vertical-align:bottom"><div style="-aw-sdt-tag:'e57-f81-42a-0ea-d8ed'">Three Months Ended</div></td><td style="width:1%; vertical-align:bottom"> </td><td colspan="5" style="vertical-align:bottom"><div style="-aw-sdt-tag:'521-9b3-371-8d3-ace4'">Six Months Ended</div></td></tr><tr style="height:12.95pt"><td style="width:53%; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td colspan="5" style="border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'301-bc5-bbb-2ff-e18b'">April 30,</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td colspan="5" style="border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'798-1ac-ed6-dc4-4f85'">April 30,</div></td></tr><tr style="height:12.95pt"><td style="width:53%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'68f-946-9e2-7f6-0619'">(In thousands)</div></td><td colspan="2" style="border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'0de-411-ee5-e6f-0cff'">2026</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td colspan="2" style="border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'db5-d9c-16b-e8c-2d06'">2025</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td colspan="2" style="border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'b35-7eb-cec-fa9-2198'">2026</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td colspan="2" style="border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'728-616-f50-99f-212e'">2025</div></td></tr><tr style="height:12.95pt"><td style="width:53%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'9cf-e20-0c2-ce4-8bdf'">Loan origination reserves, beginning of period</div></td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'501-f25-956-e6f-8165'">$</div></td><td style="width:10%; border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'77f-9d3-f52-883-2eaa'">2,085</div></td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'4ea-851-e95-d07-0667'">$</div></td><td style="width:10%; border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'146-990-17f-445-f58b'">2,626</div></td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'e5b-c2c-981-dd9-b507'">$</div></td><td style="width:10%; border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'7bd-e59-c9c-14f-6848'">2,016</div></td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'201-ddf-53b-7fa-85de'">$</div></td><td style="width:10%; border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'6f9-56c-405-b15-2b14'">2,520</div></td></tr><tr style="height:12.95pt"><td style="width:53%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'0a6-f95-b96-2ca-b7e2'">Provisions for estimated losses during the period</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'ff8-43c-15c-393-95f6'">141</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'a55-218-661-2f9-5025'">112</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'105-f51-3ce-831-f61f'">210</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'a21-591-07c-550-c6cb'">257</div></td></tr><tr style="height:12.95pt"><td style="width:53%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'694-28e-0d9-c45-fb10'">Payments/settlements</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff">(58)</td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'fc0-70c-dfc-bf0-7b58'">-</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff">(58)</td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff">(39)</td></tr><tr style="height:12.95pt"><td style="width:53%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'557-8fb-26d-b82-f4c7'">Loan origination reserves, end of period</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'4cf-3fa-d30-6b9-7216'">$</div></td><td style="width:10%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'646-a79-e2e-f57-95e5'">2,168</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'548-de5-4cc-2f4-6323'">$</div></td><td style="width:10%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'53b-a94-6e7-73e-255d'">2,738</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'443-86a-f08-367-432d'">$</div></td><td style="width:10%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'998-0b9-c0b-664-5e7a'">2,168</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'af5-6e3-0d8-9ff-828e'">$</div></td><td style="width:10%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'65e-c3f-f2f-3a3-1cba'">2,738</div></td></tr></tbody></table></div>

113800000

107600000

9 9 <table cellpadding="0" cellspacing="0" style="width:100%; border-collapse:collapse"><tbody><tr style="height:12.95pt"><td style="width:53%; vertical-align:bottom"> </td><td colspan="5" style="vertical-align:bottom"><div style="-aw-sdt-tag:'e57-f81-42a-0ea-d8ed'">Three Months Ended</div></td><td style="width:1%; vertical-align:bottom"> </td><td colspan="5" style="vertical-align:bottom"><div style="-aw-sdt-tag:'521-9b3-371-8d3-ace4'">Six Months Ended</div></td></tr><tr style="height:12.95pt"><td style="width:53%; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td colspan="5" style="border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'301-bc5-bbb-2ff-e18b'">April 30,</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td colspan="5" style="border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'798-1ac-ed6-dc4-4f85'">April 30,</div></td></tr><tr style="height:12.95pt"><td style="width:53%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'68f-946-9e2-7f6-0619'">(In thousands)</div></td><td colspan="2" style="border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'0de-411-ee5-e6f-0cff'">2026</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td colspan="2" style="border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'db5-d9c-16b-e8c-2d06'">2025</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td colspan="2" style="border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'b35-7eb-cec-fa9-2198'">2026</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td colspan="2" style="border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'728-616-f50-99f-212e'">2025</div></td></tr><tr style="height:12.95pt"><td style="width:53%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'9cf-e20-0c2-ce4-8bdf'">Loan origination reserves, beginning of period</div></td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'501-f25-956-e6f-8165'">$</div></td><td style="width:10%; border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'77f-9d3-f52-883-2eaa'">2,085</div></td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'4ea-851-e95-d07-0667'">$</div></td><td style="width:10%; border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'146-990-17f-445-f58b'">2,626</div></td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'e5b-c2c-981-dd9-b507'">$</div></td><td style="width:10%; border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'7bd-e59-c9c-14f-6848'">2,016</div></td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'201-ddf-53b-7fa-85de'">$</div></td><td style="width:10%; border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'6f9-56c-405-b15-2b14'">2,520</div></td></tr><tr style="height:12.95pt"><td style="width:53%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'0a6-f95-b96-2ca-b7e2'">Provisions for estimated losses during the period</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'ff8-43c-15c-393-95f6'">141</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'a55-218-661-2f9-5025'">112</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'105-f51-3ce-831-f61f'">210</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'a21-591-07c-550-c6cb'">257</div></td></tr><tr style="height:12.95pt"><td style="width:53%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'694-28e-0d9-c45-fb10'">Payments/settlements</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff">(58)</td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'fc0-70c-dfc-bf0-7b58'">-</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff">(58)</td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff">(39)</td></tr><tr style="height:12.95pt"><td style="width:53%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'557-8fb-26d-b82-f4c7'">Loan origination reserves, end of period</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'4cf-3fa-d30-6b9-7216'">$</div></td><td style="width:10%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'646-a79-e2e-f57-95e5'">2,168</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'548-de5-4cc-2f4-6323'">$</div></td><td style="width:10%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'53b-a94-6e7-73e-255d'">2,738</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'443-86a-f08-367-432d'">$</div></td><td style="width:10%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'998-0b9-c0b-664-5e7a'">2,168</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'af5-6e3-0d8-9ff-828e'">$</div></td><td style="width:10%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'65e-c3f-f2f-3a3-1cba'">2,738</div></td></tr></tbody></table>

2085000

2626000

2016000

2520000

141000

112000

210000

257000

58000

39000

2168000

2738000

2168000

2738000

32700000

29500000

55200000

113900000

0.072

0.074

2027-03-31

50000000

0.02

0.0225

16000000

2027-03-03

100000000

0.02125

0.045

27600000

17800000

50000000

2026-07-13

0.0175

0.0275

43500000

35900000

75000000 50000000

2027-05-31

0.02125

0.055

14500000

40600000

<table cellpadding="0" cellspacing="0" style="width:100%; border-collapse:collapse"><tbody><tr style="height:12.75pt"><td style="width:18pt; vertical-align:top">12.</td><td style="width:515.5pt; vertical-align:top">Senior Notes and Credit Facilities </td></tr></tbody></table> Senior notes and credit facilities balances as of April 30, 2026 and October 31, 2025, were as follows: <div style="-aw-sdt-tag:'23c-667-eaf-aab-8090'"><div style="-aw-sdt-tag:'89c-d24-9f6-474-b41e'; -aw-sdt-title:'Senior Notes and Credit Facilities T1'"><table cellpadding="0" cellspacing="0" style="width:100%; border-collapse:collapse"><tbody><tr style="height:12.95pt"><td style="width:77%; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'398-04d-711-e0e-8ac5'">(In thousands)</div></td><td colspan="2" style="border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'d84-092-1ee-922-ca62'">April 30, 2026</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td colspan="2" style="border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'275-b08-937-fcf-9270'">October 31, 2025</div></td></tr><tr style="height:12.95pt"><td style="width:77%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'5e5-3a6-de1-590-58a5'">Senior Notes:</div></td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td></tr><tr style="height:12.95pt"><td style="width:77%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'16d-141-71a-f5d-a79a'">8.0% Senior Notes due April 1, 2031</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'d91-947-e39-81e-97de'">$</div></td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'81c-093-f9e-8ea-f2a4'">450,000</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'854-3f1-13e-3ea-0eb1'">$</div></td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'3da-8ff-42f-e45-320c'">450,000</div></td></tr><tr style="height:12.95pt"><td style="width:77%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'eee-345-ab2-a4d-9209'">8.375% Senior Notes due October 1, 2033</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'caf-fbe-695-99a-67b0'">450,000</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'684-548-c65-670-6573'">450,000</div></td></tr><tr style="height:12.95pt"><td style="width:77%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'188-684-95d-782-1b13'">5.0% Senior Notes due February 1, 2040</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'171-de3-025-bf0-7559'">24,968</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'99e-ac8-fbd-f9f-0a55'">24,968</div></td></tr><tr style="height:12.95pt"><td style="width:77%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'3ba-2be-995-b11-899d'">Total Senior Notes</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'c53-a32-f6f-d81-9f77'">$</div></td><td style="width:10%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'f35-0b4-cf8-4b3-1f2c'">924,968</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'60c-463-6f9-2df-0986'">$</div></td><td style="width:10%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'109-61f-d04-546-e592'">924,968</div></td></tr><tr style="height:12.95pt"><td style="width:77%; border-top:2.25pt double #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'f8f-bcd-487-152-d117'">Senior Secured Revolving Credit Facility(1)</div></td><td style="width:1%; border-top:2.25pt double #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'239-768-3f8-fb7-cc5f'">$</div></td><td style="width:10%; border-top:2.25pt double #000000; border-bottom:2.25pt double #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'8c0-c16-7f4-c59-cfd9'">-</div></td><td style="width:1%; border-top:2.25pt double #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:2.25pt double #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'d97-dbe-48a-b35-f2d5'">$</div></td><td style="width:10%; border-top:2.25pt double #000000; border-bottom:2.25pt double #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'b33-b59-61a-b87-fca4'">-</div></td></tr><tr style="height:12.95pt"><td style="width:77%; border-top:2.25pt double #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'6f6-7ca-763-56a-734a'">Subtotal senior notes and credit facilities</div></td><td style="width:1%; border-top:2.25pt double #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'4df-5b3-18b-2c0-1c57'">$</div></td><td style="width:10%; border-top:2.25pt double #000000; border-bottom:2.25pt double #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'cfd-d3c-408-47c-c204'">924,968</div></td><td style="width:1%; border-top:2.25pt double #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:2.25pt double #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'4f6-ebe-65e-78b-37d4'">$</div></td><td style="width:10%; border-top:2.25pt double #000000; border-bottom:2.25pt double #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'cf3-317-bf6-6ea-72bf'">924,968</div></td></tr><tr style="height:12.95pt"><td style="width:77%; border-top:2.25pt double #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'d20-7c2-d24-b5c-bc6d'">Net (discounts) premiums</div></td><td style="width:1%; border-top:2.25pt double #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'bf7-28d-c52-f96-5c41'">$</div></td><td style="width:10%; border-top:2.25pt double #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#ffffff">(10,887)</td><td style="width:1%; border-top:2.25pt double #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:2.25pt double #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'d44-f0f-2bc-160-7ad5'">$</div></td><td style="width:10%; border-top:2.25pt double #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#ffffff">(11,051)</td></tr><tr style="height:12.95pt"><td style="width:77%; border-top:2.25pt double #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'3eb-9fb-0f2-c38-7550'">Unamortized debt issuance costs</div></td><td style="width:1%; border-top:2.25pt double #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'aff-074-436-666-7f6b'">$</div></td><td style="width:10%; border-top:2.25pt double #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff">(12,182)</td><td style="width:1%; border-top:2.25pt double #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:2.25pt double #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'408-024-729-308-dd21'">$</div></td><td style="width:10%; border-top:2.25pt double #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff">(13,199)</td></tr><tr style="height:12.95pt"><td style="width:77%; border-top:2.25pt double #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'ec2-ca9-55f-1e5-f5c0'">Total senior notes and credit facilities, net of discounts, premiums and unamortized debt issuance costs</div></td><td style="width:1%; border-top:2.25pt double #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'c45-829-91d-81a-768b'">$</div></td><td style="width:10%; border-top:2.25pt double #000000; border-bottom:2.25pt double #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'848-368-f19-363-6a9b'">901,899</div></td><td style="width:1%; border-top:2.25pt double #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:2.25pt double #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'ad0-005-a09-56d-5543'">$</div></td><td style="width:10%; border-top:2.25pt double #000000; border-bottom:2.25pt double #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'25f-2d9-2e7-53c-7cba'">900,718</div></td></tr></tbody></table></div> (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.</div> GeneralExcept for K. Hovnanian, the issuer of the notes and borrower under the credit agreement governing our secured revolving credit facility (the “Secured Credit Facility”), 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 Secured Credit Facility and senior notes outstanding at April 30, 2026 (collectively, the “Notes Guarantors”).<div style="-aw-sdt-tag:'34e-c73-250-021-fce1'"></div><div style="-aw-sdt-tag:'34e-c73-250-021-fce1'"></div>The credit agreement governing the Secured Credit Facility and the indentures governing the senior notes (together, the "Debt Instruments") outstanding at April 30, 2026, do not contain any financial maintenance covenants, but do contain restrictive covenants that limit, among other things, the ability of HEI and certain of its subsidiaries, including K. Hovnanian, to incur (including through exchanges or certain other types of transactions) indebtedness, pay dividends and make distributions on common and preferred stock, repay/repurchase certain indebtedness prior to its respective stated maturity, repurchase common and preferred stock, make other restricted payments (including investments), sell certain assets (including in certain land banking transactions), incur liens, consolidate, merge, sell or otherwise dispose of all or substantially all of their assets and enter into certain transactions with affiliates. The Debt Instruments also contain customary events of default which would permit the lenders or holders thereof to exercise remedies with respect to the collateral (as applicable), declare the loans (the “Secured Revolving Loans”) made under the Credit Agreement, dated as of October 31, 2019, as amended, by and among K. Hovnanian, the Company, the other guarantors party thereto, Wilmington Trust, National Association, as administrative agent, and the lenders party thereto (the "Secured Credit Agreement") or notes to be immediately due and payable if not cured within applicable grace periods, including the failure to make timely payments on the Secured Revolving Loans or notes or other material indebtedness, cross default to other material indebtedness, the failure to comply with agreements and covenants and specified events of bankruptcy and insolvency and, with respect to the Secured Revolving Loans, material inaccuracy of representations and warranties, a change of control, the failure of the documents granting security for the obligations under the Secured Credit Agreement to be in full force and effect, and the failure of the liens on any material portion of the collateral securing the obligations under the Secured Credit Agreement to be valid and perfected. As of April 30, 2026, we believe we were in compliance with the covenants of the Debt Instruments. 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 do so from time to time. We also continue to analyze and evaluate our capital structure and explore transactions to strengthen our balance sheet, including those that reduce leverage, interest rates and/or extend maturities, and will seek to do so with the right opportunity. We may also continue to make debt or equity purchases and/or exchanges from time to time through tender offers, exchange offers, redemptions, open market purchases, private transactions, or otherwise, or seek to raise additional debt or equity capital, depending on market conditions and covenant restrictions.Fiscal 2026There were no transactions related to our debt securities during the six months ended April 30, 2026.<div style="-aw-sdt-tag:'f76-30c-554-8d9-3878'"></div><div style="-aw-sdt-tag:'f76-30c-554-8d9-3878'"></div>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, 2028 and borrowings bear interest, at K. Hovnanian’s option, at either (i) SOFR (subject to a floor of 3.00%) plus an applicable margin of 4.5% or (ii) an alternate base rate (subject to a floor of 3.00%) plus an applicable margin of 3.5%. In addition, K. Hovnanian pays an unused commitment fee on the undrawn revolving commitments at a rate of 1.0% per annum. As of April 30, 2026, the collateral securing the Secured Credit Agreement included (1) $276.2 million of cash and cash equivalents, which included $6.1 million of restricted cash collateralizing certain letters of credit (subsequent to such date, fluctuations as a result of cash uses include general business operations and real estate and other investments along with cash inflow primarily from deliveries); (2) $624.0 million aggregate book value of real property, which does not include the impact of inventory investments, home deliveries or impairments thereafter and which may differ from the value if it were appraised; and (3) equity interests in joint venture holding companies with an aggregate book value of $144.8 million.Unsecured Obligations The 8.0% Senior Notes due 2031 (the "2031 Notes") bear interest at 8.0% per annum and mature on April 1, 2031. The 8.375% Senior Notes due 2033 (the "2033 Notes") bear interest at 8.375% per annum and mature on October 1, 2033. Interest on both of the 2031 Notes and 2033 Notes will be payable semi-annually on April 1 and October 1 of each year, beginning on April 1, 2026, to holders of record of the applicable series of notes at the close of business on March 15 or September 15, as the case may be, immediately preceding each such interest payment date. The 2031 Notes are redeemable, in whole or in part, at K. Hovnanian’s option at any time prior to April 1, 2028 at 100.0% of their principal amount plus an applicable “make-whole” amount. K. Hovnanian may also redeem some or all of the 2031 Notes at 104.0% of their principal amount commencing on April 1, 2028, at 102.0% of their principal amount commencing on April 1, 2029 and at 100.0% of their principal amount commencing April 1, 2030. In addition, K. Hovnanian may also redeem up to 40.0% of the aggregate principal amount of 2031 Notes prior to April 1, 2028 with the net cash proceeds from certain equity offerings at 108.0% of their principal amount. The 2033 Notes are redeemable, in whole or in part, at K. Hovnanian’s option at any time prior to October 1, 2028 at 100.0% of their principal amount plus an applicable “make-whole” amount. K. Hovnanian may also redeem some or all of the 2033 Notes at 104.188% of their principal amount commencing on October 1, 2028, at 102.094% of their principal amount commencing on October 1, 2029 and at 100.0% of their principal amount commencing on October 1, 2030. In addition, K. Hovnanian may also redeem up to 40.0% of the aggregate principal amount of 2033 Notes prior to October 1, 2028 with the net cash proceeds from certain equity offerings at 108.375% of their principal amount. The 5.0% Senior Notes due 2040 (the “2040 Notes”) bear interest at 5.0% per annum and mature on February 1, 2040. Interest on the 2040 Notes is payable semi-annually on February 1 and August 1 of each year to holders of record at the close of business on January 15 or July 15, as the case may be, immediately preceding each such interest payment date. At any time and from time to time, K. Hovnanian may redeem some or all of the 2040 Notes at a redemption price equal to 100.0% of their principal amount. Other We have certain stand-alone cash collateralized letter of credit agreements and facilities under which there was a total of $5.9 million and $6.2 million letters of credit outstanding at April 30, 2026 and October 31, 2025, respectively. These agreements and facilities require us to maintain specified amounts of cash as collateral in segregated accounts to support the letters of credit issued thereunder, which is reflected in "Restricted cash and cash equivalents" on the Condensed Consolidated Balance Sheets.

<div style="-aw-sdt-tag:'89c-d24-9f6-474-b41e'; -aw-sdt-title:'Senior Notes and Credit Facilities T1'"><table cellpadding="0" cellspacing="0" style="width:100%; border-collapse:collapse"><tbody><tr style="height:12.95pt"><td style="width:77%; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'398-04d-711-e0e-8ac5'">(In thousands)</div></td><td colspan="2" style="border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'d84-092-1ee-922-ca62'">April 30, 2026</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td colspan="2" style="border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'275-b08-937-fcf-9270'">October 31, 2025</div></td></tr><tr style="height:12.95pt"><td style="width:77%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'5e5-3a6-de1-590-58a5'">Senior Notes:</div></td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td></tr><tr style="height:12.95pt"><td style="width:77%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'16d-141-71a-f5d-a79a'">8.0% Senior Notes due April 1, 2031</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'d91-947-e39-81e-97de'">$</div></td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'81c-093-f9e-8ea-f2a4'">450,000</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'854-3f1-13e-3ea-0eb1'">$</div></td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'3da-8ff-42f-e45-320c'">450,000</div></td></tr><tr style="height:12.95pt"><td style="width:77%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'eee-345-ab2-a4d-9209'">8.375% Senior Notes due October 1, 2033</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'caf-fbe-695-99a-67b0'">450,000</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'684-548-c65-670-6573'">450,000</div></td></tr><tr style="height:12.95pt"><td style="width:77%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'188-684-95d-782-1b13'">5.0% Senior Notes due February 1, 2040</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'171-de3-025-bf0-7559'">24,968</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'99e-ac8-fbd-f9f-0a55'">24,968</div></td></tr><tr style="height:12.95pt"><td style="width:77%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'3ba-2be-995-b11-899d'">Total Senior Notes</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'c53-a32-f6f-d81-9f77'">$</div></td><td style="width:10%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'f35-0b4-cf8-4b3-1f2c'">924,968</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'60c-463-6f9-2df-0986'">$</div></td><td style="width:10%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'109-61f-d04-546-e592'">924,968</div></td></tr><tr style="height:12.95pt"><td style="width:77%; border-top:2.25pt double #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'f8f-bcd-487-152-d117'">Senior Secured Revolving Credit Facility(1)</div></td><td style="width:1%; border-top:2.25pt double #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'239-768-3f8-fb7-cc5f'">$</div></td><td style="width:10%; border-top:2.25pt double #000000; border-bottom:2.25pt double #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'8c0-c16-7f4-c59-cfd9'">-</div></td><td style="width:1%; border-top:2.25pt double #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:2.25pt double #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'d97-dbe-48a-b35-f2d5'">$</div></td><td style="width:10%; border-top:2.25pt double #000000; border-bottom:2.25pt double #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'b33-b59-61a-b87-fca4'">-</div></td></tr><tr style="height:12.95pt"><td style="width:77%; border-top:2.25pt double #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'6f6-7ca-763-56a-734a'">Subtotal senior notes and credit facilities</div></td><td style="width:1%; border-top:2.25pt double #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'4df-5b3-18b-2c0-1c57'">$</div></td><td style="width:10%; border-top:2.25pt double #000000; border-bottom:2.25pt double #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'cfd-d3c-408-47c-c204'">924,968</div></td><td style="width:1%; border-top:2.25pt double #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:2.25pt double #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'4f6-ebe-65e-78b-37d4'">$</div></td><td style="width:10%; border-top:2.25pt double #000000; border-bottom:2.25pt double #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'cf3-317-bf6-6ea-72bf'">924,968</div></td></tr><tr style="height:12.95pt"><td style="width:77%; border-top:2.25pt double #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'d20-7c2-d24-b5c-bc6d'">Net (discounts) premiums</div></td><td style="width:1%; border-top:2.25pt double #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'bf7-28d-c52-f96-5c41'">$</div></td><td style="width:10%; border-top:2.25pt double #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#ffffff">(10,887)</td><td style="width:1%; border-top:2.25pt double #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:2.25pt double #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'d44-f0f-2bc-160-7ad5'">$</div></td><td style="width:10%; border-top:2.25pt double #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#ffffff">(11,051)</td></tr><tr style="height:12.95pt"><td style="width:77%; border-top:2.25pt double #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'3eb-9fb-0f2-c38-7550'">Unamortized debt issuance costs</div></td><td style="width:1%; border-top:2.25pt double #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'aff-074-436-666-7f6b'">$</div></td><td style="width:10%; border-top:2.25pt double #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff">(12,182)</td><td style="width:1%; border-top:2.25pt double #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:2.25pt double #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'408-024-729-308-dd21'">$</div></td><td style="width:10%; border-top:2.25pt double #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff">(13,199)</td></tr><tr style="height:12.95pt"><td style="width:77%; border-top:2.25pt double #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'ec2-ca9-55f-1e5-f5c0'">Total senior notes and credit facilities, net of discounts, premiums and unamortized debt issuance costs</div></td><td style="width:1%; border-top:2.25pt double #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'c45-829-91d-81a-768b'">$</div></td><td style="width:10%; border-top:2.25pt double #000000; border-bottom:2.25pt double #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'848-368-f19-363-6a9b'">901,899</div></td><td style="width:1%; border-top:2.25pt double #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:2.25pt double #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'ad0-005-a09-56d-5543'">$</div></td><td style="width:10%; border-top:2.25pt double #000000; border-bottom:2.25pt double #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'25f-2d9-2e7-53c-7cba'">900,718</div></td></tr></tbody></table></div> (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.

0.08

2031-04-01

450000000

0.08375

2033-10-01

450000000

0.05

2040-02-01

24968000

924968000

10887000

11051000

12182000

13199000

901899000

900718000

125000000

2028-06-30

0.03 0.045 0.03 0.035 0.01

125000000

0.03 0.045 0.03 0.035 0.01

276200000

6100000

624000000

144800000

0.08

2031-04-01

0.08375

2033-10-01

Interest on both of the 2031 Notes and 2033 Notes will be payable semi-annually on April 1 and October 1 of each year, beginning on April 1, 2026, to holders of record of the applicable series of notes at the close of business on March 15 or September 15, as the case may be, immediately preceding each such interest payment date. The 2031 Notes are redeemable, in whole or in part, at K. Hovnanian’s option at any time prior to April 1, 2028 at 100.0% of their principal amount plus an applicable “make-whole” amount. K. Hovnanian may also redeem some or all of the 2031 Notes at 104.0% of their principal amount commencing on April 1, 2028, at 102.0% of their principal amount commencing on April 1, 2029 and at 100.0% of their principal amount commencing April 1, 2030. In addition, K. Hovnanian may also redeem up to 40.0% of the aggregate principal amount of 2031 Notes prior to April 1, 2028 with the net cash proceeds from certain equity offerings at 108.0% of their principal amount. The 2033 Notes are redeemable, in whole or in part, at K. Hovnanian’s option at any time prior to October 1, 2028 at 100.0% of their principal amount plus an applicable “make-whole” amount. K. Hovnanian may also redeem some or all of the 2033 Notes at 104.188% of their principal amount commencing on October 1, 2028, at 102.094% of their principal amount commencing on October 1, 2029 and at 100.0% of their principal amount commencing on October 1, 2030. In addition, K. Hovnanian may also redeem up to 40.0% of the aggregate principal amount of 2033 Notes prior to October 1, 2028 with the net cash proceeds from certain equity offerings at 108.375% of their principal amount.

0.05

5900000

6200000

<table cellpadding="0" cellspacing="0" style="width:100%; border-collapse:collapse"><tbody><tr style="height:7.5pt"><td style="width:18.5pt; vertical-align:top">13. </td><td style="vertical-align:top">Per Share Calculation </td></tr></tbody></table>Basic and diluted earnings per share for the periods presented below were calculated as follows: <div style="-aw-sdt-tag:'920-213-83b-1fc-2067'; -aw-sdt-title:'Per Share Calculation T1'"><table cellpadding="0" cellspacing="0" style="width:100%; border-collapse:collapse"><tbody><tr style="height:12.25pt"><td style="width:53%; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"> </td><td colspan="5" style="vertical-align:bottom"><div style="-aw-sdt-tag:'de0-a27-98e-db1-119e'">Three Months Ended</div></td><td style="width:1%; vertical-align:bottom"> </td><td colspan="5" style="vertical-align:bottom"><div style="-aw-sdt-tag:'b52-b8e-b71-c37-901b'">Six Months Ended</div></td></tr><tr style="height:12.25pt"><td style="width:53%; border-bottom:1pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"> </td><td colspan="5" style="border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'b01-881-82a-00e-8b3b'">April 30,</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td colspan="5" style="border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'a4b-d11-64f-6f1-2ae0'">April 30,</div></td></tr><tr style="height:12.25pt"><td style="width:53%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'5e0-bb8-881-b18-b5eb'">(In thousands, except per share data)</div></td><td colspan="2" style="border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'2f1-f7f-677-e46-4d75'">2026</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td colspan="2" style="border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'c4c-edc-922-d5b-89b6'">2025</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td colspan="2" style="border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'5c9-e06-f73-0ef-5159'">2026</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td colspan="2" style="border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'6ff-3e0-fb6-5e6-6568'">2025</div></td></tr><tr style="height:12.25pt"><td style="width:53%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'4d6-406-375-b29-a422'">Numerator:</div></td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td></tr><tr style="height:12.25pt"><td style="width:53%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'54c-64f-153-52e-8803'">Net (loss) income attributable to Hovnanian Enterprises, Inc.</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'e2f-b3e-755-e88-5242'">$</div></td><td style="width:10%; vertical-align:bottom; background-color:#ffffff">(284)</td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'a09-5cd-593-7a8-aaef'">$</div></td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'bf5-f22-9b3-827-d627'">19,726</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'f08-9ab-c6b-0a5-5f2f'">$</div></td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'acd-43f-771-945-27ce'">20,575</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'c36-878-c96-c7a-f0a3'">$</div></td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'24c-a22-73d-0cc-7053'">47,917</div></td></tr><tr style="height:12.25pt"><td style="width:53%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'311-060-183-269-0e62'">Less: preferred stock dividends</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; vertical-align:bottom; background-color:#cceeff">(2,669)</td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; vertical-align:bottom; background-color:#cceeff">(2,669)</td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; vertical-align:bottom; background-color:#cceeff">(5,338)</td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; vertical-align:bottom; background-color:#cceeff">(5,338)</td></tr><tr style="height:12.25pt"><td style="width:53%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'b14-3cb-556-fd3-f0d1'">Less: undistributed earnings allocated to participating securities</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'68d-64f-35d-fdd-5bcd'">-</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff">(144)</td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff">(4)</td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff">(350)</td></tr><tr style="height:12.25pt"><td style="width:53%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'666-5c0-e32-e77-e2c6'">Numerator for basic (loss) earnings per share</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'fb8-dc5-8ba-ddd-0416'">$</div></td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff">(2,953)</td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'58c-6e6-43b-8a4-07f9'">$</div></td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'88b-ec9-535-866-3bf2'">16,913</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'c4d-4a3-99a-85a-0dcd'">$</div></td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'730-ea0-1af-13a-716c'">15,233</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'a2a-ec6-51e-c9e-d85e'">$</div></td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'2d1-f6b-c41-1f3-094e'">42,229</div></td></tr><tr style="height:12.25pt"><td style="width:53%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'5fd-505-430-0fb-2359'">Plus: undistributed earnings allocated to participating securities</div></td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'3b6-df4-345-90f-a631'">-</div></td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'791-feb-f77-e2c-2fa9'">144</div></td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'52b-b74-42f-4a5-c80a'">4</div></td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'06f-817-814-371-acc3'">350</div></td></tr><tr style="height:12.25pt"><td style="width:53%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'172-871-865-c7f-78df'">Less: undistributed earnings reallocated to participating securities</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'6cf-f78-23e-0de-bc37'">-</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff">(144)</td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff">(7)</td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff">(351)</td></tr><tr style="height:12.25pt"><td style="width:53%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'ad5-ec3-70e-53a-5036'">Numerator for diluted (loss) earnings per share</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'1d2-c6a-53d-cce-236a'">$</div></td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff">(2,953)</td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'278-c5a-a36-9e2-458d'">$</div></td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'177-557-b59-2fb-553a'">16,913</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'a5c-fac-3bd-889-59bd'">$</div></td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'bc1-0d1-afa-1c0-1dc5'">15,230</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'c69-7da-c02-d6b-dd69'">$</div></td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'11a-6cd-47f-36b-caa4'">42,228</div></td></tr><tr style="height:12.25pt"><td style="width:53%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'5d2-f96-540-84f-035c'">Denominator:</div></td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"> </td></tr><tr style="height:12.25pt"><td style="width:53%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'8ea-38e-0cf-9bb-43ba'">Denominator for basic earnings per share – weighted average shares outstanding</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'06f-0b3-be1-15d-199c'">6,416</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'38f-d86-a64-5f9-38ad'">6,411</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'723-273-cc6-2b3-c70b'">6,453</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'695-111-3dd-fc9-7cc3'">6,464</div></td></tr><tr style="height:12.25pt"><td style="width:53%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'45d-c16-c7f-8c1-fbe2'">Effect of dilutive securities:</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"> </td></tr><tr style="height:12.25pt"><td style="width:53%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'e9c-52d-066-70d-6942'">Stock-based payments</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'c2a-11e-eee-de9-7850'">-</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'5ae-488-f38-c65-ce00'">540</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'9c2-137-0e7-b8a-5412'">456</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'aa0-90d-66c-beb-d0bf'">547</div></td></tr><tr style="height:12.25pt"><td style="width:53%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'ff6-824-371-a0f-f171'">Denominator for diluted earnings per share – weighted-average shares outstanding</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'cfa-228-9ba-1c4-db28'">6,416</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'c28-a40-601-16c-bcaa'">6,951</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'bd4-00a-81f-4de-ce46'">6,909</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'2f0-4ad-e96-139-119c'">7,011</div></td></tr><tr style="height:12.25pt"><td style="width:53%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'446-d67-502-11b-5c3b'">Basic (loss) earnings per share</div></td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'359-900-7fa-808-f156'">$</div></td><td style="width:10%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#ffffff">(0.46)</td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'7d7-180-20e-491-6901'">$</div></td><td style="width:10%; border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'8ec-14c-c50-c47-c78c'">2.64</div></td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'0ca-53f-779-7cc-99b8'">$</div></td><td style="width:10%; border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'313-411-a30-4f5-caec'">2.36</div></td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'818-794-f2d-297-776a'">$</div></td><td style="width:10%; border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'ee5-3b9-1d8-360-2467'">6.53</div></td></tr><tr style="height:12.25pt"><td style="width:53%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'69f-4a3-6ad-a9e-bfa0'">Diluted (loss) earnings per share</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'ba4-95c-d99-55f-c720'">$</div></td><td style="width:10%; vertical-align:bottom; background-color:#cceeff">(0.46)</td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'35c-456-7eb-62d-b4c5'">$</div></td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'096-e98-041-daa-a4a5'">2.43</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'fb7-dfa-e1e-93c-3d58'">$</div></td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'d64-8b2-61e-6ce-5ee7'">2.20</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'e07-63d-9bc-c29-3a78'">$</div></td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'f5d-728-732-7ce-f494'">6.02</div></td></tr></tbody></table></div> For the three months ended April 30, 2026, there were 400 thousand incremental shares attributed to nonvested stock and outstanding options to purchase common stock. These shares were not included in the computation of diluted shares outstanding, because the effect would be anti-dilutive. There were no anti-dilutive shares for the six months ended April 30, 2026 and for the three and six months ended April 30, 2025.

<table cellpadding="0" cellspacing="0" style="width:100%; border-collapse:collapse"><tbody><tr style="height:12.25pt"><td style="width:53%; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"> </td><td colspan="5" style="vertical-align:bottom"><div style="-aw-sdt-tag:'de0-a27-98e-db1-119e'">Three Months Ended</div></td><td style="width:1%; vertical-align:bottom"> </td><td colspan="5" style="vertical-align:bottom"><div style="-aw-sdt-tag:'b52-b8e-b71-c37-901b'">Six Months Ended</div></td></tr><tr style="height:12.25pt"><td style="width:53%; border-bottom:1pt solid #000000; padding-right:5.4pt; padding-left:5.4pt; vertical-align:bottom"> </td><td colspan="5" style="border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'b01-881-82a-00e-8b3b'">April 30,</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td colspan="5" style="border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'a4b-d11-64f-6f1-2ae0'">April 30,</div></td></tr><tr style="height:12.25pt"><td style="width:53%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'5e0-bb8-881-b18-b5eb'">(In thousands, except per share data)</div></td><td colspan="2" style="border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'2f1-f7f-677-e46-4d75'">2026</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td colspan="2" style="border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'c4c-edc-922-d5b-89b6'">2025</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td colspan="2" style="border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'5c9-e06-f73-0ef-5159'">2026</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td colspan="2" style="border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'6ff-3e0-fb6-5e6-6568'">2025</div></td></tr><tr style="height:12.25pt"><td style="width:53%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'4d6-406-375-b29-a422'">Numerator:</div></td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td></tr><tr style="height:12.25pt"><td style="width:53%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'54c-64f-153-52e-8803'">Net (loss) income attributable to Hovnanian Enterprises, Inc.</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'e2f-b3e-755-e88-5242'">$</div></td><td style="width:10%; vertical-align:bottom; background-color:#ffffff">(284)</td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'a09-5cd-593-7a8-aaef'">$</div></td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'bf5-f22-9b3-827-d627'">19,726</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'f08-9ab-c6b-0a5-5f2f'">$</div></td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'acd-43f-771-945-27ce'">20,575</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'c36-878-c96-c7a-f0a3'">$</div></td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'24c-a22-73d-0cc-7053'">47,917</div></td></tr><tr style="height:12.25pt"><td style="width:53%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'311-060-183-269-0e62'">Less: preferred stock dividends</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; vertical-align:bottom; background-color:#cceeff">(2,669)</td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; vertical-align:bottom; background-color:#cceeff">(2,669)</td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; vertical-align:bottom; background-color:#cceeff">(5,338)</td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; vertical-align:bottom; background-color:#cceeff">(5,338)</td></tr><tr style="height:12.25pt"><td style="width:53%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'b14-3cb-556-fd3-f0d1'">Less: undistributed earnings allocated to participating securities</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'68d-64f-35d-fdd-5bcd'">-</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff">(144)</td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff">(4)</td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff">(350)</td></tr><tr style="height:12.25pt"><td style="width:53%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'666-5c0-e32-e77-e2c6'">Numerator for basic (loss) earnings per share</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'fb8-dc5-8ba-ddd-0416'">$</div></td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff">(2,953)</td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'58c-6e6-43b-8a4-07f9'">$</div></td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'88b-ec9-535-866-3bf2'">16,913</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'c4d-4a3-99a-85a-0dcd'">$</div></td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'730-ea0-1af-13a-716c'">15,233</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'a2a-ec6-51e-c9e-d85e'">$</div></td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'2d1-f6b-c41-1f3-094e'">42,229</div></td></tr><tr style="height:12.25pt"><td style="width:53%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'5fd-505-430-0fb-2359'">Plus: undistributed earnings allocated to participating securities</div></td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'3b6-df4-345-90f-a631'">-</div></td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'791-feb-f77-e2c-2fa9'">144</div></td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'52b-b74-42f-4a5-c80a'">4</div></td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'06f-817-814-371-acc3'">350</div></td></tr><tr style="height:12.25pt"><td style="width:53%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'172-871-865-c7f-78df'">Less: undistributed earnings reallocated to participating securities</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'6cf-f78-23e-0de-bc37'">-</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff">(144)</td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff">(7)</td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff">(351)</td></tr><tr style="height:12.25pt"><td style="width:53%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'ad5-ec3-70e-53a-5036'">Numerator for diluted (loss) earnings per share</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'1d2-c6a-53d-cce-236a'">$</div></td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff">(2,953)</td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'278-c5a-a36-9e2-458d'">$</div></td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'177-557-b59-2fb-553a'">16,913</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'a5c-fac-3bd-889-59bd'">$</div></td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'bc1-0d1-afa-1c0-1dc5'">15,230</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'c69-7da-c02-d6b-dd69'">$</div></td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'11a-6cd-47f-36b-caa4'">42,228</div></td></tr><tr style="height:12.25pt"><td style="width:53%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'5d2-f96-540-84f-035c'">Denominator:</div></td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"> </td></tr><tr style="height:12.25pt"><td style="width:53%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'8ea-38e-0cf-9bb-43ba'">Denominator for basic earnings per share – weighted average shares outstanding</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'06f-0b3-be1-15d-199c'">6,416</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'38f-d86-a64-5f9-38ad'">6,411</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'723-273-cc6-2b3-c70b'">6,453</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'695-111-3dd-fc9-7cc3'">6,464</div></td></tr><tr style="height:12.25pt"><td style="width:53%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'45d-c16-c7f-8c1-fbe2'">Effect of dilutive securities:</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"> </td></tr><tr style="height:12.25pt"><td style="width:53%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'e9c-52d-066-70d-6942'">Stock-based payments</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'c2a-11e-eee-de9-7850'">-</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'5ae-488-f38-c65-ce00'">540</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'9c2-137-0e7-b8a-5412'">456</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'aa0-90d-66c-beb-d0bf'">547</div></td></tr><tr style="height:12.25pt"><td style="width:53%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'ff6-824-371-a0f-f171'">Denominator for diluted earnings per share – weighted-average shares outstanding</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'cfa-228-9ba-1c4-db28'">6,416</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'c28-a40-601-16c-bcaa'">6,951</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'bd4-00a-81f-4de-ce46'">6,909</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'2f0-4ad-e96-139-119c'">7,011</div></td></tr><tr style="height:12.25pt"><td style="width:53%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'446-d67-502-11b-5c3b'">Basic (loss) earnings per share</div></td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'359-900-7fa-808-f156'">$</div></td><td style="width:10%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#ffffff">(0.46)</td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'7d7-180-20e-491-6901'">$</div></td><td style="width:10%; border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'8ec-14c-c50-c47-c78c'">2.64</div></td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'0ca-53f-779-7cc-99b8'">$</div></td><td style="width:10%; border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'313-411-a30-4f5-caec'">2.36</div></td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'818-794-f2d-297-776a'">$</div></td><td style="width:10%; border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'ee5-3b9-1d8-360-2467'">6.53</div></td></tr><tr style="height:12.25pt"><td style="width:53%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'69f-4a3-6ad-a9e-bfa0'">Diluted (loss) earnings per share</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'ba4-95c-d99-55f-c720'">$</div></td><td style="width:10%; vertical-align:bottom; background-color:#cceeff">(0.46)</td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'35c-456-7eb-62d-b4c5'">$</div></td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'096-e98-041-daa-a4a5'">2.43</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'fb7-dfa-e1e-93c-3d58'">$</div></td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'d64-8b2-61e-6ce-5ee7'">2.20</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'e07-63d-9bc-c29-3a78'">$</div></td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'f5d-728-732-7ce-f494'">6.02</div></td></tr></tbody></table>

-284000

19726000

20575000

47917000

2669000

5338000

144000

4000

350000

-2953000

16913000

15233000

42229000

144000

4000

350000

144000

7000

351000

-2953000

16913000

15230000

42228000

6416000

6411000

6453000

6464000

540000

456000

547000

6416000

6951000

6909000

7011000

-0.46

2.64

2.36

6.53

-0.46

2.43

2.2

6.02

400000

5600

0.07625

25000

0.07625

2700000

5300000

<table cellpadding="0" cellspacing="0" style="width:100%"><tbody><tr><td style="width:18pt; vertical-align:top">15.</td><td style="vertical-align:top">Common Stock</td></tr></tbody></table> Each share of Class A common stock entitles its holder to one vote per share, and each share of Class B common stock generally entitles its holder to ten votes per share. The amount of any regular cash dividend payable on a share of Class A common stock will be an amount equal to 110% of the corresponding regular cash dividend payable on a share of Class B common stock. If a shareholder desires to sell shares of Class B common stock, such stock must be converted into shares of Class A common stock at a one-to-one conversion rate. On August 4, 2008, the Board adopted a shareholder rights plan (the “Rights Plan”), which was amended on January 11, 2018, January 18, 2021, and January 11, 2024, and which is designed to preserve shareholder value and the value of certain tax assets primarily associated with net operating loss (“NOL”) carryforwards and built-in losses under Section 382 of the Internal Revenue Code. Our ability to use NOLs and built-in losses would be limited if there was an “ownership change” under Section 382. This would occur if shareholders owning (or deemed under Section 382 to own) 5% or more of our stock increase their collective ownership of the aggregate amount of our outstanding shares by more than 50 percentage points over a defined period of time. The Rights Plan was adopted to reduce the likelihood of an “ownership change” occurring as defined by Section 382. Under the Rights Plan, one right was distributed for each share of Class A common Stock and Class B common Stock outstanding as of the close of business on August 15, 2008. Effective August 15, 2008, if any person or group acquires 4.9% or more of the outstanding shares of Class A common stock without the approval of the Board, there would be a triggering event causing significant dilution in the voting power of such person or group. However, existing shareholders who owned, at the time of the Rights Plan’s initial adoption on August 4, 2008, 4.9% or more of the outstanding shares of Class A common stock will trigger a dilutive event only if they acquire additional shares. The approval of the Board’s decision to adopt the Rights Plan may be terminated by the Board at any time prior to the Rights being triggered. The Rights Plan will continue in effect until August 14, 2027, unless it expires earlier in accordance with its terms. The approval of the Board’s decision to initially adopt the Rights Plan and Amendments Nos. 1, 2 and 3 thereto were approved by shareholders. Our shareholders also approved an amendment to our Certificate of Incorporation to restrict certain transfers of Class A common stock in order to preserve the tax treatment of our NOLs and built-in losses under Section 382 of the Internal Revenue Code. Subject to certain exceptions pertaining to pre-existing 5% shareholders and holders of Class B common stock, the transfer restrictions in our Restated Certificate of Incorporation generally restrict any direct or indirect transfer (such as transfers of our stock that result from the transfer of interests in other entities that own our stock) if the effect would be to (i) increase the direct or indirect ownership of our stock by any person (or public group) from less than 5% to 5% or more of our common stock; (ii) increase the percentage of our common stock owned directly or indirectly by a person (or public group) owning or deemed to own 5% or more of our common stock; or (iii) create a new “public group” (as defined in the applicable U.S. Treasury regulations). Transfers included under the transfer restrictions include sales to persons (or public groups) whose resulting percentage ownership (direct or indirect) of common stock would exceed the 5% thresholds discussed above, or to persons whose direct or indirect ownership of common stock would by attribution cause another person (or public group) to exceed such threshold. On December 18, 2024, the Board authorized an incremental increase to our repurchase program and on April 11, 2025, the Board authorized another increase to our repurchase program, such that, inclusive of any amounts remaining under the existing repurchase authorization, as of April 11, 2025, we were authorized to repurchase up to $30.6 million of our Class A common stock. On February 27, 2026, the Board further authorized an incremental increase of $50.0 million to our repurchase program, such that, inclusive of any amounts remaining under the existing repurchase authorization, as of February 27, 2026, we were authorized to repurchase up to $67.4 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. During the six months ended April 30, 2026, we repurchased 175,905 shares under the stock repurchase program, with a market value of $18.5 million, or $104.98 per share. During the six months ended April 30, 2025, we repurchased 257,908 shares under the stock repurchase program, with a market value of $30.1 million, or $116.70 per share. The repurchased shares were added to "Treasury stock" on the Condensed Consolidated Balance Sheets. As of April 30, 2026, $57.9 million of our Class A common stock was available to be purchased under the stock repurchase program.

1 10 1.10 1 0.05 0.50 1 0.049 0.049 0.05 0.05 0.05 0.05 0.05 30600000 50000000 67400000

175905

18500000

104.98

257908

30100000

116.7

57900000

<table cellpadding="0" cellspacing="0" style="width:100%"><tbody><tr><td style="width:2.5%; vertical-align:top">16. </td><td style="width:97.5%; vertical-align:top"> Income Taxes </td></tr></tbody></table> For the three and six months ended April 30, 2026, we recorded income tax expense of $0.9 million and $8.8 million, respectively, and $6.8 million and $18.5 million for the same periods in the prior year, respectively. For both the three and six months ended April 30, 2026, and both prior-year periods, the expense was primarily driven by federal and state tax expense on income before income taxes and permanent differences, partially offset by the generation of energy home credits. The federal tax expense is not paid in cash as it is offset by the use of our existing NOL carryforwards. 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. At April 30, 2026, 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 state valuation allowances.

900000

8800000

6800000

18500000

<table cellpadding="0" cellspacing="0" style="width:100%; border-collapse:collapse"><tbody><tr style="height:12.75pt"><td style="width:18.5pt; vertical-align:top">17. </td><td style="vertical-align:top">Operating and Reporting Segments </td></tr></tbody></table> 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, make resource allocations and guide strategic decisions. The Chief Executive Officer uses income (loss) before income taxes as the key operating metric used to measure segment profit or loss. Actual income (loss) before income taxes is reviewed monthly against budgeted amounts from the semi-annual financial plans. 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: <table cellpadding="0" cellspacing="0" style="width:100%; border-collapse:collapse"><tbody><tr><td style="width:18.5pt; vertical-align:top"> </td><td style="width:27.5pt; vertical-align:top">(1) </td><td style="vertical-align:top">Northeast (Delaware, Maryland, New Jersey, Ohio, Pennsylvania, Virginia and West Virginia)</td></tr><tr><td style="width:18.5pt; vertical-align:middle"> </td><td style="width:27.5pt; vertical-align:middle">(2)</td><td style="vertical-align:middle">Southeast (Florida, Georgia and South Carolina)</td></tr><tr><td style="width:18.5pt; vertical-align:middle"> </td><td style="width:27.5pt; vertical-align:middle">(3)</td><td style="vertical-align:middle">West (Arizona, California and Texas) </td></tr></tbody></table> 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 typically retain or service mortgages that we originate but sell the mortgages and related servicing rights to investors. Financial information relating to our reportable segments was as follows: <div style="-aw-sdt-tag:'090-1fc-672-495-c2a5'"><div style="-aw-sdt-tag:'679-c95-2ae-8cc-dbbf'; -aw-sdt-title:'Operating and Reporting Segments T1'"><table cellpadding="0" cellspacing="0" style="width:100%; border-collapse:collapse"><tbody><tr style="height:12.95pt"><td style="width:41%; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td colspan="14" style="border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'e88-69e-d88-51f-93fa'">Three Months Ended April 30, 2026</div></td></tr><tr style="height:12.95pt"><td style="width:41%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'23f-fb8-15b-522-4d57'">(In thousands)</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'a5e-78e-1f1-e93-9161'"> Northeast </div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'d82-fad-3fb-2b4-b4f5'"> Southeast </div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'e86-6c5-d06-cee-59bb'"> West </div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'728-4ef-867-d97-ac15'">Financial Services </div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'7e1-4df-1d6-73c-b526'">Total</div></td></tr><tr style="height:12.95pt"><td style="width:41%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'1fc-90e-715-706-00c7'">Homebuilding revenues </div></td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'9d8-92f-05e-11f-ec79'">$</div></td><td style="width:10%; border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'75c-9fd-6d1-86e-3985'">216,714</div></td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'69a-2ba-372-f79-eee1'">$</div></td><td style="width:10%; border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'e4b-ca0-ab5-a24-be32'">73,193</div></td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'ba2-520-4da-2b7-5e5e'">$</div></td><td style="width:10%; border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'3be-4ec-a38-3cb-47dd'">314,281</div></td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'037-b36-4bf-933-dc21'">$</div></td><td style="width:10%; border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'94e-70f-638-17f-ffe3'">-</div></td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'38e-38d-d64-96a-0850'">$</div></td><td style="width:10%; border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'99e-427-b84-420-2f4e'">604,188</div></td></tr><tr style="height:12.95pt"><td style="width:41%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'fad-dd1-8d0-8b1-f5ca'">Financial services revenues </div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'0b1-73f-f02-967-3e7f'">-</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'bc8-8cd-659-cc3-d40a'">-</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'896-33a-cdc-223-36c7'">-</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'f12-ced-117-7b1-94f6'">23,398</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'fe6-06c-085-85a-3d1b'">23,398</div></td></tr><tr style="height:12.95pt"><td style="width:41%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'6bf-94b-d87-89d-34f9'">All other revenues (1)</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'035-7b6-28d-f3d-72f9'">35,369</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'523-6e6-19a-04c-e4e0'">33</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'c85-899-80a-08c-d263'">2,411</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'277-1ba-af4-343-61b3'">-</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'256-209-d6a-63b-d774'">37,813</div></td></tr><tr style="height:12.95pt"><td style="width:41%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'ff5-95f-0ed-f14-0930'">Total revenues </div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'4f0-746-f85-465-b11b'">252,083</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'35f-478-489-c66-e938'">73,226</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'eff-b7d-b3c-cd9-3d52'">316,692</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'041-ee6-9f0-7eb-ee5f'">23,398</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'11f-f56-bb0-aca-cfda'">665,399</div></td></tr><tr style="height:12.95pt"><td style="width:41%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'d2c-ce4-a44-87f-3b3b'">Cost of sales (2)</div></td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'994-a8c-0ae-f42-1f21'">191,756</div></td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'f96-fbb-98f-b19-ca25'">67,787</div></td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'28b-175-8cc-4b8-547f'">295,955</div></td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'55c-7cd-299-ae8-8684'">-</div></td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'68a-c65-625-934-3c8a'">555,498</div></td></tr><tr style="height:12.95pt"><td style="width:41%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'5f7-598-7d1-e5c-4332'">Selling, general and administrative </div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'888-a5e-c7c-d32-7906'">16,294</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'1e2-45b-d17-f77-4f7a'">9,560</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'d70-42a-e6c-342-4d7a'">22,142</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'f88-321-e0c-dcc-44fe'">-</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'a4f-be4-70c-57f-14dc'">47,996</div></td></tr><tr style="height:12.95pt"><td style="width:41%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'226-689-690-872-e4dd'">Financial services expenses </div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'7ab-7c8-22a-f98-42fb'">-</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'065-70b-6c7-0b8-741e'">-</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'89a-573-a62-149-0506'">-</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'476-cc9-2f2-c04-dfad'">13,361</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'035-b60-e01-74b-cad1'">13,361</div></td></tr><tr style="height:12.95pt"><td style="width:41%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'eaa-6d0-0aa-72f-673a'">Other segment items (3)</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'be3-4af-c41-d56-98c4'">3,023</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'623-a5f-a92-7cc-0bc6'">933</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'661-08e-324-77d-0bf5'">9,918</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'8aa-80d-abb-2c9-0a29'">-</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'73d-b23-fc6-c85-52a4'">13,874</div></td></tr><tr style="height:12.95pt"><td style="width:41%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'db6-764-2cb-537-6ba1'">Total segment profit (loss)</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'a86-20a-fb4-c24-da5c'">$</div></td><td style="width:10%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'907-954-61b-947-21c1'">41,010</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'c7f-65b-0df-813-9b3d'">$</div></td><td style="width:10%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff">(5,054)</td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'0f4-16a-c3a-e17-7e36'">$</div></td><td style="width:10%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff">(11,323)</td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'467-886-2f5-a74-5ce9'">$</div></td><td style="width:10%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'aed-9ad-e73-6cb-ba2d'">10,037</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'1a1-df9-e2d-fd8-1c6a'">$</div></td><td style="width:10%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'c0a-512-e40-ca4-d372'">34,670</div></td></tr><tr style="height:12.95pt"><td style="width:41%; border-top:2.25pt double #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'531-e0c-ae5-625-2a25'">Corporate and unallocated (4)</div></td><td style="width:1%; border-top:2.25pt double #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-top:2.25pt double #000000; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:2.25pt double #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:2.25pt double #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-top:2.25pt double #000000; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:2.25pt double #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:2.25pt double #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-top:2.25pt double #000000; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:2.25pt double #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:2.25pt double #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-top:2.25pt double #000000; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:2.25pt double #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:2.25pt double #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-top:2.25pt double #000000; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'28f-539-14f-fca-40f0'">34,331</div></td></tr><tr style="height:12.95pt"><td style="width:41%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'09a-2ff-892-388-e746'">Income before income taxes</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'bb8-527-aff-f35-aa67'">$</div></td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'8a3-ca3-b23-153-21c0'">339</div></td></tr></tbody></table></div><div style="-aw-sdt-tag:'3d8-210-f5a-022-930a'"></div></div><div style="-aw-sdt-tag:'090-1fc-672-495-c2a5'"><div style="-aw-sdt-tag:'3d8-210-f5a-022-930a'"></div> <div style="-aw-sdt-tag:'0b4-50f-60f-a62-c35b'; -aw-sdt-title:'Operating and Reporting Segments T2'"><table cellpadding="0" cellspacing="0" style="width:100%; border-collapse:collapse"><tbody><tr style="height:12.95pt"><td style="width:41%; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td colspan="14" style="border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'c86-41f-00d-a92-eaf2'">Three Months Ended April 30, 2025</div></td></tr><tr style="height:12.95pt"><td style="width:41%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'94b-0e3-4d5-a44-4562'">(In thousands)</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'0c2-d61-ed3-230-3d52'"> Northeast </div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'480-9b6-73e-f8d-0b6a'"> Southeast </div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'1ee-034-855-ee7-29ba'"> West </div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'e1e-ed2-0e1-54e-39f2'">Financial Services</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'8ce-662-c6b-26c-f4e9'">Total</div></td></tr><tr style="height:12.95pt"><td style="width:41%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'643-918-fd0-621-963a'">Homebuilding revenues </div></td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'0e2-d89-d44-452-9147'">$</div></td><td style="width:10%; border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'747-ec8-b40-d69-573a'">256,415</div></td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'ff3-f33-98c-6cc-2016'">$</div></td><td style="width:10%; border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'51d-916-fcc-759-2888'">74,602</div></td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'c4a-580-c5d-f84-5fc5'">$</div></td><td style="width:10%; border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'97d-253-cea-c53-b7fb'">319,297</div></td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'6ff-2b3-4d1-b2f-a715'">$</div></td><td style="width:10%; border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'8dd-3a9-e64-1cc-887e'">-</div></td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'94a-313-dc1-73b-9d2e'">$</div></td><td style="width:10%; border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'c25-71a-8b8-5e4-f133'">650,314</div></td></tr><tr style="height:12.95pt"><td style="width:41%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'84e-917-50f-d28-964e'">Financial services revenues </div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'922-76b-534-8ec-e6bd'">-</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'463-fec-13d-8b3-e5bf'">-</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'271-ea4-655-0e3-97d6'">-</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'878-ba3-6e1-3a7-d688'">21,318</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'de2-016-2d6-6eb-9f08'">21,318</div></td></tr><tr style="height:12.95pt"><td style="width:41%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'ec9-441-1bd-b97-637e'">All other revenues (1)</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'bf6-3e8-1a9-eff-cbf5'">866</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'8d4-d21-2cf-4a4-f747'">74</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'bc0-352-74b-cbb-4893'">13,088</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'6d0-9ad-f0c-604-a763'">-</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'ed0-a03-235-46e-ebd7'">14,028</div></td></tr><tr style="height:12.95pt"><td style="width:41%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'8f9-ab4-3f3-22a-59a0'">Total revenues </div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'f1e-e67-414-601-4227'">257,281</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'b6e-e31-2ee-21e-c737'">74,676</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'50d-31a-fac-b7e-0ae2'">332,385</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'873-dc5-b79-2a9-976d'">21,318</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'fcb-8c0-0ea-9ad-71a2'">685,660</div></td></tr><tr style="height:12.95pt"><td style="width:41%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'f92-ba8-1ab-a41-bced'">Cost of sales (2)</div></td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'5ba-70e-710-e94-afa3'">206,937</div></td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'a80-ffe-8b4-375-2bba'">66,899</div></td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'d26-cd8-a5e-9eb-8cba'">290,435</div></td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'029-d18-2d8-e2a-9bf1'">-</div></td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'708-d39-398-d99-567c'">564,271</div></td></tr><tr style="height:12.95pt"><td style="width:41%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'c7a-f69-912-7cd-eda8'">Selling, general and administrative </div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'dd5-ab3-c1c-037-a738'">15,586</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'211-4a1-b2e-a86-d39e'">8,616</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'e97-65b-f97-16e-8323'">23,543</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'48a-ed6-cf6-800-4573'">-</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'15b-0ae-3aa-a39-8371'">47,745</div></td></tr><tr style="height:12.95pt"><td style="width:41%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'18f-f8f-ea8-fc5-5d51'">Financial services expenses </div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'30a-0d6-28e-b27-61f0'">-</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'f3f-d6b-5b7-5d4-1df0'">-</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'ea7-f78-620-23d-ac0f'">-</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'24c-3b9-2c7-9f0-67de'">12,891</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'849-1fb-3d7-37b-116a'">12,891</div></td></tr><tr style="height:12.95pt"><td style="width:41%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'20c-c40-fdb-cd5-10df'">Other segment items (3)</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff">(2,761)</td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff">(1,999)</td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'228-84d-651-f1d-eaa9'">5,097</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'830-b48-9f9-8ad-b486'">-</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'46d-8c1-14b-ec7-9fb1'">337</div></td></tr><tr style="height:12.95pt"><td style="width:41%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'461-c02-320-df5-df62'">Total segment profit</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'e2a-c87-acd-3ba-7d8f'">$</div></td><td style="width:10%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'b13-c31-e6a-3f9-4ef5'">37,519</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'5f9-951-520-d0f-f6f4'">$</div></td><td style="width:10%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'05d-92d-5f8-298-bbd9'">1,160</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'1d7-cb0-56f-092-9c15'">$</div></td><td style="width:10%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'aeb-bb4-c49-1e2-0843'">13,310</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'5f6-71a-601-fcc-6686'">$</div></td><td style="width:10%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'b67-578-f8e-0d5-0e64'">8,427</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'3b7-020-9fb-f63-9853'">$</div></td><td style="width:10%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'c1d-21a-a78-4b0-227c'">60,416</div></td></tr><tr style="height:12.95pt"><td style="width:41%; border-top:2.25pt double #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'75b-75d-04d-316-a50a'">Corporate and unallocated (4)</div></td><td style="width:1%; border-top:2.25pt double #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-top:2.25pt double #000000; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:2.25pt double #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:2.25pt double #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-top:2.25pt double #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:2.25pt double #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:2.25pt double #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-top:2.25pt double #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:2.25pt double #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:2.25pt double #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-top:2.25pt double #000000; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:2.25pt double #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:2.25pt double #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-top:2.25pt double #000000; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'56a-56d-ee0-051-2eec'">33,886</div></td></tr><tr style="height:12.95pt"><td style="width:41%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'6b9-325-f41-ac6-0014'">Income before income taxes</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'e7a-dba-65a-674-7206'">$</div></td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'58f-d9e-308-d1b-5098'">26,530</div></td></tr></tbody></table></div> <div style="-aw-sdt-tag:'d08-746-aa5-ad1-902b'; -aw-sdt-title:'Operating and Reporting Segments T3'"><table cellpadding="0" cellspacing="0" style="width:100%; border-collapse:collapse"><tbody><tr style="height:14.5pt"><td style="width:41%; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td colspan="14" style="border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'929-f60-638-61e-a6cd'">Six Months Ended April 30, 2026</div></td></tr><tr style="height:14.5pt"><td style="width:41%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'730-5b1-c95-eb0-7ef0'">(In thousands)</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'9cd-674-ea7-b4b-5765'"> Northeast </div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'c8b-396-c08-41f-fe03'"> Southeast </div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'a24-551-d32-0e4-043c'"> West </div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'167-779-ae8-314-02a9'">Financial Services</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'dbe-26e-19e-803-46e6'">Total</div></td></tr><tr style="height:14.5pt"><td style="width:41%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'e6a-2e5-9fb-3cc-0741'">Homebuilding revenues </div></td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'f17-63d-339-3ba-8f2c'">$</div></td><td style="width:10%; border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'944-86b-318-52c-0ca2'">456,516</div></td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'341-daf-199-5c4-9a4f'">$</div></td><td style="width:10%; border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'7be-d3f-156-1af-87f4'">147,424</div></td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'95b-313-a22-e12-0fb3'">$</div></td><td style="width:10%; border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'d1d-847-38f-f58-ab59'">576,007</div></td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'1f8-6f3-a0e-54b-ff5f'">$</div></td><td style="width:10%; border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'57a-81c-b45-109-4679'">-</div></td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'5d9-e15-2e6-602-3c5d'">$</div></td><td style="width:10%; border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'0d4-134-dd7-a33-0fc6'">1,179,947</div></td></tr><tr style="height:14.5pt"><td style="width:41%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'853-2c3-e9c-757-a65c'">Financial services revenues </div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'fd0-7e3-2c6-545-c5df'">-</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'b53-79e-abc-852-ded5'">-</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'f56-652-68b-a11-97ef'">-</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'d69-376-ac6-5e2-9332'">42,406</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'0f4-265-e84-b49-b82e'">42,406</div></td></tr><tr style="height:14.5pt"><td style="width:41%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'98f-cc6-77a-ba2-6c50'">All other revenues (1)</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'f9e-a31-ff3-a93-8627'">70,164</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'d64-79e-56e-4bd-0fe3'">94</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'d2a-4a8-bbf-59d-7cc2'">2,742</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'a7d-514-c25-361-2d8c'">-</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'3ea-2f2-7fd-305-c768'">73,000</div></td></tr><tr style="height:14.5pt"><td style="width:41%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'688-4fd-3a7-5ff-e35f'">Total revenues </div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'9c0-9ff-ae7-12a-52bf'">526,680</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'307-f89-088-2be-413d'">147,518</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'2af-609-b63-e8a-4e75'">578,749</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'392-baa-06b-c30-6138'">42,406</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'acd-59c-a07-586-9104'">1,295,353</div></td></tr><tr style="height:14.5pt"><td style="width:41%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'569-064-db1-339-f178'">Cost of sales (2)</div></td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'b49-63d-14d-083-0464'">406,711</div></td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'889-1c0-227-f23-d97d'">136,203</div></td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'05a-a20-699-646-c3a4'">540,397</div></td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'2de-c3f-fcd-294-1f09'">-</div></td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'35c-7cf-f1c-6de-f8ae'">1,083,311</div></td></tr><tr style="height:14.5pt"><td style="width:41%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'e0b-a26-146-dc0-85e2'">Selling, general and administrative </div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'005-0b7-a13-c2b-9ab3'">33,543</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'a08-c26-c84-d7d-0798'">18,114</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'8c9-e1b-a0d-2f1-8c22'">42,108</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'b08-7e2-b67-231-20e2'">-</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'058-3aa-7c1-87e-ad93'">93,765</div></td></tr><tr style="height:14.5pt"><td style="width:41%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'72e-1b3-15d-10d-1052'">Financial services expenses </div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'ba4-58c-3b7-d50-2f94'">-</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'a1c-37f-3c2-73f-8e29'">-</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'96f-66b-050-9c3-de91'">-</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'405-8c1-704-536-3f10'">26,596</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'1dc-6c8-a5c-de6-0441'">26,596</div></td></tr><tr style="height:14.5pt"><td style="width:41%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'1fe-ab6-e2d-dbd-58eb'">Other segment items (3)</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff">(12,347)</td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'b6e-aae-868-535-902c'">1,797</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'45d-48c-0f9-079-0426'">18,962</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'b3c-1eb-064-8c7-05e3'">-</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'712-612-650-88d-a54c'">8,412</div></td></tr><tr style="height:15pt"><td style="width:41%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'13a-c8a-ffe-bf2-5e80'">Total segment profit (loss)</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'519-eda-bfc-810-6291'">$</div></td><td style="width:10%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'9a1-f49-2b6-ab6-54ed'">98,773</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'fb0-6ca-7cf-3c5-f09b'">$</div></td><td style="width:10%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff">(8,596)</td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'f36-beb-8db-227-7659'">$</div></td><td style="width:10%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff">(22,718)</td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'2e2-a8f-0c5-f9f-821d'">$</div></td><td style="width:10%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'cea-199-d5a-689-eb5d'">15,810</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'b3d-414-e7b-571-2e26'">$</div></td><td style="width:10%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'fac-19d-172-441-8b6c'">83,269</div></td></tr><tr style="height:15pt"><td style="width:41%; border-top:2.25pt double #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'9b2-d11-cc0-da7-3b60'">Corporate and unallocated (4)</div></td><td style="width:1%; border-top:2.25pt double #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-top:2.25pt double #000000; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:2.25pt double #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:2.25pt double #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-top:2.25pt double #000000; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:2.25pt double #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:2.25pt double #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-top:2.25pt double #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:2.25pt double #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:2.25pt double #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-top:2.25pt double #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:2.25pt double #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:2.25pt double #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-top:2.25pt double #000000; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'4ed-1b8-635-6ff-8794'">54,228</div></td></tr><tr style="height:14.5pt"><td style="width:41%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'178-649-24d-9a6-e780'">Income before income taxes</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'518-2f3-bff-9f0-5882'">$</div></td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'2ba-59b-217-06d-de37'">29,041</div></td></tr></tbody></table></div><div style="-aw-sdt-tag:'c70-e09-9e2-3c1-9f38'"></div></div><div style="-aw-sdt-tag:'090-1fc-672-495-c2a5'"><div style="-aw-sdt-tag:'c70-e09-9e2-3c1-9f38'"></div> <div style="-aw-sdt-tag:'022-266-761-252-1455'; -aw-sdt-title:'Operating and Reporting Segments T4'"><table cellpadding="0" cellspacing="0" style="width:100%; border-collapse:collapse"><tbody><tr style="height:12.95pt"><td style="width:41%; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td colspan="14" style="border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'b1e-a83-e01-ad6-dc1b'">Six Months Ended April 30, 2025</div></td></tr><tr style="height:12.95pt"><td style="width:41%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'78d-f3c-d8e-1b5-d4e5'">(In thousands)</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'173-e0b-854-c46-db84'"> Northeast </div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'aef-ac8-4a8-c7a-2352'"> Southeast </div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'a07-768-36c-928-044d'"> West </div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'966-8bf-a3c-515-1cf4'"> Financial Services</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'f6c-2cf-8d2-28a-24c9'">Total</div></td></tr><tr style="height:12.95pt"><td style="width:41%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'d37-775-cf9-d6c-a3e3'">Homebuilding revenues </div></td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'346-57a-339-a46-9b33'">$</div></td><td style="width:10%; border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'bbf-ffe-1b7-773-3619'">538,063</div></td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'47d-45e-6af-f83-79b2'">$</div></td><td style="width:10%; border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'f3a-341-98f-e8a-5d29'">126,039</div></td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'55d-ae2-739-ef9-990f'">$</div></td><td style="width:10%; border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'56a-ea2-2b9-565-ad09'">633,126</div></td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'b72-a82-fc3-d4c-3ffe'">$</div></td><td style="width:10%; border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'ae8-aba-425-418-7b33'">-</div></td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'efb-51b-c41-9cc-2725'">$</div></td><td style="width:10%; border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'e5b-f38-14b-3d7-3c8e'">1,297,228</div></td></tr><tr style="height:12.95pt"><td style="width:41%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'a8e-195-e53-fee-c4b9'">Financial services revenues </div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'7ab-499-8f7-d5b-d8a8'">-</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'b41-b44-15d-752-7060'">-</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'efc-7cf-aa9-8db-14f5'">-</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'76e-1db-1ed-8a3-d258'">38,260</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'920-130-a06-934-2599'">38,260</div></td></tr><tr style="height:12.95pt"><td style="width:41%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'267-d4d-bd2-7ef-6f5b'">All other revenues (1)</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'8b8-6ab-531-33c-acfb'">2,966</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'212-df0-cb8-624-db31'">239</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'f3d-20a-d3c-fbc-99da'">19,213</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'2c8-36d-42b-539-5d93'">-</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'c53-cd9-c42-24a-a6ae'">22,418</div></td></tr><tr style="height:12.95pt"><td style="width:41%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'eba-772-0b5-8c4-a16d'">Total revenues </div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'f6a-5ca-172-15f-69be'">541,029</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'8e5-0bc-dc0-1f9-ad05'">126,278</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'4c0-59d-428-f6f-89b9'">652,339</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'95a-5ab-de7-a64-49fb'">38,260</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'197-00b-04a-ff4-9832'">1,357,906</div></td></tr><tr style="height:12.95pt"><td style="width:41%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'915-57a-f98-394-d37c'">Cost of sales (2)</div></td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'bf8-20a-f2a-d7d-8ebe'">433,853</div></td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'614-d0c-13d-056-fe95'">113,057</div></td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'723-fa8-530-de8-ef88'">571,450</div></td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'177-aaa-6c8-beb-aeac'">-</div></td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'c33-04c-ed2-c21-7caf'">1,118,360</div></td></tr><tr style="height:12.95pt"><td style="width:41%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'216-dd2-ab0-91b-0b8e'">Selling, general and administrative </div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'def-e72-580-cdb-45f0'">32,202</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'81c-24d-493-ddb-ce75'">17,132</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'6be-a3d-41c-e62-78f5'">48,281</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'c16-535-a67-055-3608'">-</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'345-aef-8d8-973-8b24'">97,615</div></td></tr><tr style="height:12.95pt"><td style="width:41%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'9ca-334-dee-375-5f6d'">Financial services expenses </div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'7f7-af4-c7f-ff5-26a1'">-</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'aaf-ee8-aaf-606-73b0'">-</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'8d3-e2a-d33-0ec-44d3'">-</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'f43-03b-d0d-774-be9d'">26,328</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'1d2-97b-ee2-f91-aec0'">26,328</div></td></tr><tr style="height:12.95pt"><td style="width:41%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'3b1-5d6-818-ca2-0da2'">Other segment items (3)</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff">(4,819)</td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff">(4,517)</td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'8ec-227-9e3-291-bc7f'">10,195</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'5a8-085-c5e-f7e-982d'">-</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'e35-111-63f-04d-1766'">859</div></td></tr><tr style="height:12.95pt"><td style="width:41%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'b1d-525-27f-339-d150'">Total segment profit</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'28d-a0f-b2d-d00-6893'">$</div></td><td style="width:10%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'3e0-fed-574-ee9-d070'">79,793</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'48d-eb4-030-4f2-6c62'">$</div></td><td style="width:10%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'0b7-a11-68c-c69-8020'">606</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'6ee-178-cca-a46-4590'">$</div></td><td style="width:10%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'212-29f-a59-164-f5e1'">22,413</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'55e-704-2e1-787-e096'">$</div></td><td style="width:10%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'dd1-c96-0ec-fe3-ee2f'">11,932</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'37f-f8b-db2-afc-193c'">$</div></td><td style="width:10%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'cf4-662-dd2-d62-0be4'">114,744</div></td></tr><tr style="height:12.95pt"><td style="width:41%; border-top:2.25pt double #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'8f9-788-3bb-3f6-90c5'">Corporate and unallocated (4)</div></td><td style="width:1%; border-top:2.25pt double #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-top:2.25pt double #000000; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:2.25pt double #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:2.25pt double #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-top:2.25pt double #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:2.25pt double #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:2.25pt double #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-top:2.25pt double #000000; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:2.25pt double #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:2.25pt double #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-top:2.25pt double #000000; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:2.25pt double #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:2.25pt double #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-top:2.25pt double #000000; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'128-ec8-149-cbd-4dce'">48,351</div></td></tr><tr style="height:12.95pt"><td style="width:41%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'b6b-5c9-911-cce-4791'">Income before income taxes</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'889-2ed-1b0-106-b54f'">$</div></td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'28a-80b-68c-4a6-fae4'">66,393</div></td></tr></tbody></table></div> <table cellpadding="0" cellspacing="0" style="width:100%; margin-left:0.1pt; border-collapse:collapse"><tbody><tr style="height:9pt"><td style="width:3%; padding:1.25pt; vertical-align:top">(1)</td><td style="width:97%; padding:1.25pt; vertical-align:top"><div style="-aw-sdt-tag:'4bf-9f2-468-dd3-7c43'">Consists primarily of land sales revenue, interest income, and income from forfeited customer deposits due to contract cancellations.</div></td></tr><tr style="height:9pt"><td style="width:3%; padding:1.25pt; vertical-align:top">(2)</td><td style="width:97%; padding:1.25pt; vertical-align:top"><div style="-aw-sdt-tag:'dc1-0cc-1ef-d3d-a798'">Consists primarily of homebuilding and land sale costs, amortization of capitalized interest, inventory impairments and land option write-offs.</div></td></tr><tr style="height:9pt"><td style="width:3%; padding:1.25pt; vertical-align:top">(3)</td><td style="width:97%; padding:1.25pt; vertical-align:top"><div style="-aw-sdt-tag:'94d-f4a-4de-0b1-4125'">Consists primarily of other interest expensed, and income (loss) from unconsolidated joint ventures.</div></td></tr><tr style="height:9pt"><td style="width:3%; padding:1.25pt; vertical-align:top">(4)</td><td style="width:97%; padding:1.25pt; vertical-align:top"><div style="-aw-sdt-tag:'381-0c6-1f9-9f1-e7c7'">Consists primarily of corporate costs and shared services functions that are not allocated to the homebuilding or financial services reportable segments. In addition, includes the results of operations attributable to the KSA operating segment, which does not meet the quantitative thresholds for separate presentation as a reportable segment.</div></td></tr></tbody></table> <div style="-aw-sdt-tag:'bfd-ed6-bd9-d1b-63d1'; -aw-sdt-title:'Operating and Reporting Segments T5'"><table cellpadding="0" cellspacing="0" style="width:100.46%; border-collapse:collapse"><tbody><tr style="height:14.5pt"><td style="width:76.64%; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'b1e-f20-045-12a-73b7'">(In thousands)</div></td><td colspan="2" style="border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'05c-ef7-73d-f09-ac53'">April 30, 2026</div></td><td colspan="2" style="border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td colspan="3" style="border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'04d-491-02a-e87-e471'">October 31, 2025</div></td><td style="border-bottom:1pt solid #000000; vertical-align:top"></td></tr><tr style="height:14.5pt"><td style="width:76.64%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'afe-0c3-b58-0da-07c3'">Assets:</div></td><td style="width:1.46%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td colspan="2" style="border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td colspan="2" style="border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td colspan="2" style="border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td></tr><tr style="height:14.5pt"><td style="width:76.64%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'a0a-bd0-d02-f8f-3b3c'">Northeast</div></td><td style="width:1.46%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'723-f46-6c7-9d0-21fb'">$</div></td><td colspan="2" style="padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'8a6-eed-80c-bc9-6ee5'">646,743</div></td><td colspan="2" style="vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'d6e-390-24c-7c9-468f'">$</div></td><td colspan="2" style="padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'59c-d9d-c01-ed3-e056'">672,021</div></td></tr><tr style="height:14.5pt"><td style="width:76.64%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'89a-306-8b7-f0e-e618'">Southeast</div></td><td style="width:1.46%; vertical-align:bottom; background-color:#cceeff"> </td><td colspan="2" style="padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'c2c-be0-c8d-7cc-5dc3'">346,370</div></td><td colspan="2" style="vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td colspan="2" style="padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'74c-d3c-86e-41f-5f31'">358,383</div></td></tr><tr style="height:14.5pt"><td style="width:76.64%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'761-44b-6ab-53d-084c'">West</div></td><td style="width:1.46%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td colspan="2" style="border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'32c-a81-3d0-a76-cb11'">823,983</div></td><td colspan="2" style="border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td colspan="2" style="border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'d80-3d4-c0e-966-87eb'">829,683</div></td></tr><tr style="height:14.5pt"><td style="width:76.64%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'794-9ba-23e-7de-8e8a'">Total homebuilding</div></td><td style="width:1.46%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td colspan="2" style="border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'3e4-a63-f62-0ac-7b3e'">1,817,096</div></td><td colspan="2" style="border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td colspan="2" style="border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'01c-418-04d-5ba-34f7'">1,860,087</div></td></tr><tr style="height:14.5pt"><td style="width:76.64%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'c01-447-2cc-5ca-4880'">Financial services</div></td><td style="width:1.46%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td colspan="2" style="border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'5ec-71e-0e5-0b6-0764'">158,486</div></td><td colspan="2" style="border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td colspan="2" style="border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'665-cee-fd6-5bf-7ba7'">151,211</div></td></tr><tr style="height:15pt"><td style="width:76.64%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'151-f30-b45-279-6f56'">Total assets</div></td><td style="width:1.46%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'d2a-8dd-0ea-dc8-4e1b'">$</div></td><td colspan="2" style="border-top:1pt solid #000000; border-bottom:2.25pt double #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'497-e90-f51-cfb-bc6b'">1,975,582</div></td><td colspan="2" style="border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'545-3f0-2c6-2eb-5f44'">$</div></td><td colspan="2" style="border-top:1pt solid #000000; border-bottom:2.25pt double #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'32c-f2b-be2-85b-fd03'">2,011,298</div></td></tr><tr style="height:0pt"><td style="width:415.7pt"></td><td style="width:7.9pt"></td><td style="width:53.7pt"></td><td style="width:0.35pt"></td><td style="width:5.1pt"></td><td style="width:0.35pt"></td><td style="width:5.45pt"></td><td style="width:53.6pt"></td><td style="width:0.35pt"></td></tr></tbody></table></div></div>

<div style="-aw-sdt-tag:'679-c95-2ae-8cc-dbbf'; -aw-sdt-title:'Operating and Reporting Segments T1'"><table cellpadding="0" cellspacing="0" style="width:100%; border-collapse:collapse"><tbody><tr style="height:12.95pt"><td style="width:41%; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td colspan="14" style="border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'e88-69e-d88-51f-93fa'">Three Months Ended April 30, 2026</div></td></tr><tr style="height:12.95pt"><td style="width:41%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'23f-fb8-15b-522-4d57'">(In thousands)</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'a5e-78e-1f1-e93-9161'"> Northeast </div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'d82-fad-3fb-2b4-b4f5'"> Southeast </div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'e86-6c5-d06-cee-59bb'"> West </div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'728-4ef-867-d97-ac15'">Financial Services </div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'7e1-4df-1d6-73c-b526'">Total</div></td></tr><tr style="height:12.95pt"><td style="width:41%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'1fc-90e-715-706-00c7'">Homebuilding revenues </div></td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'9d8-92f-05e-11f-ec79'">$</div></td><td style="width:10%; border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'75c-9fd-6d1-86e-3985'">216,714</div></td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'69a-2ba-372-f79-eee1'">$</div></td><td style="width:10%; border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'e4b-ca0-ab5-a24-be32'">73,193</div></td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'ba2-520-4da-2b7-5e5e'">$</div></td><td style="width:10%; border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'3be-4ec-a38-3cb-47dd'">314,281</div></td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'037-b36-4bf-933-dc21'">$</div></td><td style="width:10%; border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'94e-70f-638-17f-ffe3'">-</div></td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'38e-38d-d64-96a-0850'">$</div></td><td style="width:10%; border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'99e-427-b84-420-2f4e'">604,188</div></td></tr><tr style="height:12.95pt"><td style="width:41%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'fad-dd1-8d0-8b1-f5ca'">Financial services revenues </div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'0b1-73f-f02-967-3e7f'">-</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'bc8-8cd-659-cc3-d40a'">-</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'896-33a-cdc-223-36c7'">-</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'f12-ced-117-7b1-94f6'">23,398</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'fe6-06c-085-85a-3d1b'">23,398</div></td></tr><tr style="height:12.95pt"><td style="width:41%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'6bf-94b-d87-89d-34f9'">All other revenues (1)</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'035-7b6-28d-f3d-72f9'">35,369</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'523-6e6-19a-04c-e4e0'">33</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'c85-899-80a-08c-d263'">2,411</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'277-1ba-af4-343-61b3'">-</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'256-209-d6a-63b-d774'">37,813</div></td></tr><tr style="height:12.95pt"><td style="width:41%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'ff5-95f-0ed-f14-0930'">Total revenues </div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'4f0-746-f85-465-b11b'">252,083</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'35f-478-489-c66-e938'">73,226</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'eff-b7d-b3c-cd9-3d52'">316,692</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'041-ee6-9f0-7eb-ee5f'">23,398</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'11f-f56-bb0-aca-cfda'">665,399</div></td></tr><tr style="height:12.95pt"><td style="width:41%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'d2c-ce4-a44-87f-3b3b'">Cost of sales (2)</div></td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'994-a8c-0ae-f42-1f21'">191,756</div></td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'f96-fbb-98f-b19-ca25'">67,787</div></td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'28b-175-8cc-4b8-547f'">295,955</div></td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'55c-7cd-299-ae8-8684'">-</div></td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'68a-c65-625-934-3c8a'">555,498</div></td></tr><tr style="height:12.95pt"><td style="width:41%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'5f7-598-7d1-e5c-4332'">Selling, general and administrative </div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'888-a5e-c7c-d32-7906'">16,294</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'1e2-45b-d17-f77-4f7a'">9,560</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'d70-42a-e6c-342-4d7a'">22,142</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'f88-321-e0c-dcc-44fe'">-</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'a4f-be4-70c-57f-14dc'">47,996</div></td></tr><tr style="height:12.95pt"><td style="width:41%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'226-689-690-872-e4dd'">Financial services expenses </div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'7ab-7c8-22a-f98-42fb'">-</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'065-70b-6c7-0b8-741e'">-</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'89a-573-a62-149-0506'">-</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'476-cc9-2f2-c04-dfad'">13,361</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'035-b60-e01-74b-cad1'">13,361</div></td></tr><tr style="height:12.95pt"><td style="width:41%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'eaa-6d0-0aa-72f-673a'">Other segment items (3)</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'be3-4af-c41-d56-98c4'">3,023</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'623-a5f-a92-7cc-0bc6'">933</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'661-08e-324-77d-0bf5'">9,918</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'8aa-80d-abb-2c9-0a29'">-</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'73d-b23-fc6-c85-52a4'">13,874</div></td></tr><tr style="height:12.95pt"><td style="width:41%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'db6-764-2cb-537-6ba1'">Total segment profit (loss)</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'a86-20a-fb4-c24-da5c'">$</div></td><td style="width:10%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'907-954-61b-947-21c1'">41,010</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'c7f-65b-0df-813-9b3d'">$</div></td><td style="width:10%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff">(5,054)</td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'0f4-16a-c3a-e17-7e36'">$</div></td><td style="width:10%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff">(11,323)</td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'467-886-2f5-a74-5ce9'">$</div></td><td style="width:10%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'aed-9ad-e73-6cb-ba2d'">10,037</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'1a1-df9-e2d-fd8-1c6a'">$</div></td><td style="width:10%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'c0a-512-e40-ca4-d372'">34,670</div></td></tr><tr style="height:12.95pt"><td style="width:41%; border-top:2.25pt double #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'531-e0c-ae5-625-2a25'">Corporate and unallocated (4)</div></td><td style="width:1%; border-top:2.25pt double #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-top:2.25pt double #000000; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:2.25pt double #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:2.25pt double #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-top:2.25pt double #000000; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:2.25pt double #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:2.25pt double #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-top:2.25pt double #000000; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:2.25pt double #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:2.25pt double #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-top:2.25pt double #000000; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:2.25pt double #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:2.25pt double #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-top:2.25pt double #000000; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'28f-539-14f-fca-40f0'">34,331</div></td></tr><tr style="height:12.95pt"><td style="width:41%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'09a-2ff-892-388-e746'">Income before income taxes</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'bb8-527-aff-f35-aa67'">$</div></td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'8a3-ca3-b23-153-21c0'">339</div></td></tr></tbody></table></div><div style="-aw-sdt-tag:'3d8-210-f5a-022-930a'"></div><div style="-aw-sdt-tag:'3d8-210-f5a-022-930a'"></div> <div style="-aw-sdt-tag:'0b4-50f-60f-a62-c35b'; -aw-sdt-title:'Operating and Reporting Segments T2'"><table cellpadding="0" cellspacing="0" style="width:100%; border-collapse:collapse"><tbody><tr style="height:12.95pt"><td style="width:41%; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td colspan="14" style="border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'c86-41f-00d-a92-eaf2'">Three Months Ended April 30, 2025</div></td></tr><tr style="height:12.95pt"><td style="width:41%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'94b-0e3-4d5-a44-4562'">(In thousands)</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'0c2-d61-ed3-230-3d52'"> Northeast </div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'480-9b6-73e-f8d-0b6a'"> Southeast </div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'1ee-034-855-ee7-29ba'"> West </div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'e1e-ed2-0e1-54e-39f2'">Financial Services</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'8ce-662-c6b-26c-f4e9'">Total</div></td></tr><tr style="height:12.95pt"><td style="width:41%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'643-918-fd0-621-963a'">Homebuilding revenues </div></td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'0e2-d89-d44-452-9147'">$</div></td><td style="width:10%; border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'747-ec8-b40-d69-573a'">256,415</div></td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'ff3-f33-98c-6cc-2016'">$</div></td><td style="width:10%; border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'51d-916-fcc-759-2888'">74,602</div></td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'c4a-580-c5d-f84-5fc5'">$</div></td><td style="width:10%; border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'97d-253-cea-c53-b7fb'">319,297</div></td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'6ff-2b3-4d1-b2f-a715'">$</div></td><td style="width:10%; border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'8dd-3a9-e64-1cc-887e'">-</div></td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'94a-313-dc1-73b-9d2e'">$</div></td><td style="width:10%; border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'c25-71a-8b8-5e4-f133'">650,314</div></td></tr><tr style="height:12.95pt"><td style="width:41%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'84e-917-50f-d28-964e'">Financial services revenues </div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'922-76b-534-8ec-e6bd'">-</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'463-fec-13d-8b3-e5bf'">-</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'271-ea4-655-0e3-97d6'">-</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'878-ba3-6e1-3a7-d688'">21,318</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'de2-016-2d6-6eb-9f08'">21,318</div></td></tr><tr style="height:12.95pt"><td style="width:41%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'ec9-441-1bd-b97-637e'">All other revenues (1)</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'bf6-3e8-1a9-eff-cbf5'">866</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'8d4-d21-2cf-4a4-f747'">74</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'bc0-352-74b-cbb-4893'">13,088</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'6d0-9ad-f0c-604-a763'">-</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'ed0-a03-235-46e-ebd7'">14,028</div></td></tr><tr style="height:12.95pt"><td style="width:41%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'8f9-ab4-3f3-22a-59a0'">Total revenues </div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'f1e-e67-414-601-4227'">257,281</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'b6e-e31-2ee-21e-c737'">74,676</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'50d-31a-fac-b7e-0ae2'">332,385</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'873-dc5-b79-2a9-976d'">21,318</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'fcb-8c0-0ea-9ad-71a2'">685,660</div></td></tr><tr style="height:12.95pt"><td style="width:41%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'f92-ba8-1ab-a41-bced'">Cost of sales (2)</div></td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'5ba-70e-710-e94-afa3'">206,937</div></td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'a80-ffe-8b4-375-2bba'">66,899</div></td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'d26-cd8-a5e-9eb-8cba'">290,435</div></td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'029-d18-2d8-e2a-9bf1'">-</div></td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'708-d39-398-d99-567c'">564,271</div></td></tr><tr style="height:12.95pt"><td style="width:41%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'c7a-f69-912-7cd-eda8'">Selling, general and administrative </div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'dd5-ab3-c1c-037-a738'">15,586</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'211-4a1-b2e-a86-d39e'">8,616</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'e97-65b-f97-16e-8323'">23,543</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'48a-ed6-cf6-800-4573'">-</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'15b-0ae-3aa-a39-8371'">47,745</div></td></tr><tr style="height:12.95pt"><td style="width:41%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'18f-f8f-ea8-fc5-5d51'">Financial services expenses </div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'30a-0d6-28e-b27-61f0'">-</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'f3f-d6b-5b7-5d4-1df0'">-</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'ea7-f78-620-23d-ac0f'">-</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'24c-3b9-2c7-9f0-67de'">12,891</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'849-1fb-3d7-37b-116a'">12,891</div></td></tr><tr style="height:12.95pt"><td style="width:41%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'20c-c40-fdb-cd5-10df'">Other segment items (3)</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff">(2,761)</td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff">(1,999)</td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'228-84d-651-f1d-eaa9'">5,097</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'830-b48-9f9-8ad-b486'">-</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'46d-8c1-14b-ec7-9fb1'">337</div></td></tr><tr style="height:12.95pt"><td style="width:41%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'461-c02-320-df5-df62'">Total segment profit</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'e2a-c87-acd-3ba-7d8f'">$</div></td><td style="width:10%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'b13-c31-e6a-3f9-4ef5'">37,519</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'5f9-951-520-d0f-f6f4'">$</div></td><td style="width:10%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'05d-92d-5f8-298-bbd9'">1,160</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'1d7-cb0-56f-092-9c15'">$</div></td><td style="width:10%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'aeb-bb4-c49-1e2-0843'">13,310</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'5f6-71a-601-fcc-6686'">$</div></td><td style="width:10%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'b67-578-f8e-0d5-0e64'">8,427</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'3b7-020-9fb-f63-9853'">$</div></td><td style="width:10%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'c1d-21a-a78-4b0-227c'">60,416</div></td></tr><tr style="height:12.95pt"><td style="width:41%; border-top:2.25pt double #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'75b-75d-04d-316-a50a'">Corporate and unallocated (4)</div></td><td style="width:1%; border-top:2.25pt double #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-top:2.25pt double #000000; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:2.25pt double #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:2.25pt double #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-top:2.25pt double #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:2.25pt double #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:2.25pt double #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-top:2.25pt double #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:2.25pt double #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:2.25pt double #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-top:2.25pt double #000000; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:2.25pt double #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:2.25pt double #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-top:2.25pt double #000000; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'56a-56d-ee0-051-2eec'">33,886</div></td></tr><tr style="height:12.95pt"><td style="width:41%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'6b9-325-f41-ac6-0014'">Income before income taxes</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'e7a-dba-65a-674-7206'">$</div></td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'58f-d9e-308-d1b-5098'">26,530</div></td></tr></tbody></table></div> <div style="-aw-sdt-tag:'d08-746-aa5-ad1-902b'; -aw-sdt-title:'Operating and Reporting Segments T3'"><table cellpadding="0" cellspacing="0" style="width:100%; border-collapse:collapse"><tbody><tr style="height:14.5pt"><td style="width:41%; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td colspan="14" style="border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'929-f60-638-61e-a6cd'">Six Months Ended April 30, 2026</div></td></tr><tr style="height:14.5pt"><td style="width:41%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'730-5b1-c95-eb0-7ef0'">(In thousands)</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'9cd-674-ea7-b4b-5765'"> Northeast </div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'c8b-396-c08-41f-fe03'"> Southeast </div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'a24-551-d32-0e4-043c'"> West </div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'167-779-ae8-314-02a9'">Financial Services</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'dbe-26e-19e-803-46e6'">Total</div></td></tr><tr style="height:14.5pt"><td style="width:41%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'e6a-2e5-9fb-3cc-0741'">Homebuilding revenues </div></td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'f17-63d-339-3ba-8f2c'">$</div></td><td style="width:10%; border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'944-86b-318-52c-0ca2'">456,516</div></td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'341-daf-199-5c4-9a4f'">$</div></td><td style="width:10%; border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'7be-d3f-156-1af-87f4'">147,424</div></td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'95b-313-a22-e12-0fb3'">$</div></td><td style="width:10%; border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'d1d-847-38f-f58-ab59'">576,007</div></td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'1f8-6f3-a0e-54b-ff5f'">$</div></td><td style="width:10%; border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'57a-81c-b45-109-4679'">-</div></td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'5d9-e15-2e6-602-3c5d'">$</div></td><td style="width:10%; border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'0d4-134-dd7-a33-0fc6'">1,179,947</div></td></tr><tr style="height:14.5pt"><td style="width:41%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'853-2c3-e9c-757-a65c'">Financial services revenues </div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'fd0-7e3-2c6-545-c5df'">-</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'b53-79e-abc-852-ded5'">-</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'f56-652-68b-a11-97ef'">-</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'d69-376-ac6-5e2-9332'">42,406</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'0f4-265-e84-b49-b82e'">42,406</div></td></tr><tr style="height:14.5pt"><td style="width:41%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'98f-cc6-77a-ba2-6c50'">All other revenues (1)</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'f9e-a31-ff3-a93-8627'">70,164</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'d64-79e-56e-4bd-0fe3'">94</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'d2a-4a8-bbf-59d-7cc2'">2,742</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'a7d-514-c25-361-2d8c'">-</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'3ea-2f2-7fd-305-c768'">73,000</div></td></tr><tr style="height:14.5pt"><td style="width:41%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'688-4fd-3a7-5ff-e35f'">Total revenues </div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'9c0-9ff-ae7-12a-52bf'">526,680</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'307-f89-088-2be-413d'">147,518</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'2af-609-b63-e8a-4e75'">578,749</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'392-baa-06b-c30-6138'">42,406</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'acd-59c-a07-586-9104'">1,295,353</div></td></tr><tr style="height:14.5pt"><td style="width:41%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'569-064-db1-339-f178'">Cost of sales (2)</div></td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'b49-63d-14d-083-0464'">406,711</div></td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'889-1c0-227-f23-d97d'">136,203</div></td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'05a-a20-699-646-c3a4'">540,397</div></td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'2de-c3f-fcd-294-1f09'">-</div></td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'35c-7cf-f1c-6de-f8ae'">1,083,311</div></td></tr><tr style="height:14.5pt"><td style="width:41%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'e0b-a26-146-dc0-85e2'">Selling, general and administrative </div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'005-0b7-a13-c2b-9ab3'">33,543</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'a08-c26-c84-d7d-0798'">18,114</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'8c9-e1b-a0d-2f1-8c22'">42,108</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'b08-7e2-b67-231-20e2'">-</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'058-3aa-7c1-87e-ad93'">93,765</div></td></tr><tr style="height:14.5pt"><td style="width:41%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'72e-1b3-15d-10d-1052'">Financial services expenses </div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'ba4-58c-3b7-d50-2f94'">-</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'a1c-37f-3c2-73f-8e29'">-</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'96f-66b-050-9c3-de91'">-</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'405-8c1-704-536-3f10'">26,596</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'1dc-6c8-a5c-de6-0441'">26,596</div></td></tr><tr style="height:14.5pt"><td style="width:41%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'1fe-ab6-e2d-dbd-58eb'">Other segment items (3)</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff">(12,347)</td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'b6e-aae-868-535-902c'">1,797</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'45d-48c-0f9-079-0426'">18,962</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'b3c-1eb-064-8c7-05e3'">-</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'712-612-650-88d-a54c'">8,412</div></td></tr><tr style="height:15pt"><td style="width:41%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'13a-c8a-ffe-bf2-5e80'">Total segment profit (loss)</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'519-eda-bfc-810-6291'">$</div></td><td style="width:10%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'9a1-f49-2b6-ab6-54ed'">98,773</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'fb0-6ca-7cf-3c5-f09b'">$</div></td><td style="width:10%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff">(8,596)</td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'f36-beb-8db-227-7659'">$</div></td><td style="width:10%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff">(22,718)</td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'2e2-a8f-0c5-f9f-821d'">$</div></td><td style="width:10%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'cea-199-d5a-689-eb5d'">15,810</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'b3d-414-e7b-571-2e26'">$</div></td><td style="width:10%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'fac-19d-172-441-8b6c'">83,269</div></td></tr><tr style="height:15pt"><td style="width:41%; border-top:2.25pt double #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'9b2-d11-cc0-da7-3b60'">Corporate and unallocated (4)</div></td><td style="width:1%; border-top:2.25pt double #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-top:2.25pt double #000000; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:2.25pt double #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:2.25pt double #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-top:2.25pt double #000000; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:2.25pt double #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:2.25pt double #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-top:2.25pt double #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:2.25pt double #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:2.25pt double #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-top:2.25pt double #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:2.25pt double #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:2.25pt double #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-top:2.25pt double #000000; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'4ed-1b8-635-6ff-8794'">54,228</div></td></tr><tr style="height:14.5pt"><td style="width:41%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'178-649-24d-9a6-e780'">Income before income taxes</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'518-2f3-bff-9f0-5882'">$</div></td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'2ba-59b-217-06d-de37'">29,041</div></td></tr></tbody></table></div><div style="-aw-sdt-tag:'c70-e09-9e2-3c1-9f38'"></div><div style="-aw-sdt-tag:'c70-e09-9e2-3c1-9f38'"></div> <div style="-aw-sdt-tag:'022-266-761-252-1455'; -aw-sdt-title:'Operating and Reporting Segments T4'"><table cellpadding="0" cellspacing="0" style="width:100%; border-collapse:collapse"><tbody><tr style="height:12.95pt"><td style="width:41%; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td colspan="14" style="border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'b1e-a83-e01-ad6-dc1b'">Six Months Ended April 30, 2025</div></td></tr><tr style="height:12.95pt"><td style="width:41%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'78d-f3c-d8e-1b5-d4e5'">(In thousands)</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'173-e0b-854-c46-db84'"> Northeast </div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'aef-ac8-4a8-c7a-2352'"> Southeast </div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'a07-768-36c-928-044d'"> West </div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'966-8bf-a3c-515-1cf4'"> Financial Services</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'f6c-2cf-8d2-28a-24c9'">Total</div></td></tr><tr style="height:12.95pt"><td style="width:41%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'d37-775-cf9-d6c-a3e3'">Homebuilding revenues </div></td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'346-57a-339-a46-9b33'">$</div></td><td style="width:10%; border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'bbf-ffe-1b7-773-3619'">538,063</div></td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'47d-45e-6af-f83-79b2'">$</div></td><td style="width:10%; border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'f3a-341-98f-e8a-5d29'">126,039</div></td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'55d-ae2-739-ef9-990f'">$</div></td><td style="width:10%; border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'56a-ea2-2b9-565-ad09'">633,126</div></td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'b72-a82-fc3-d4c-3ffe'">$</div></td><td style="width:10%; border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'ae8-aba-425-418-7b33'">-</div></td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'efb-51b-c41-9cc-2725'">$</div></td><td style="width:10%; border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'e5b-f38-14b-3d7-3c8e'">1,297,228</div></td></tr><tr style="height:12.95pt"><td style="width:41%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'a8e-195-e53-fee-c4b9'">Financial services revenues </div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'7ab-499-8f7-d5b-d8a8'">-</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'b41-b44-15d-752-7060'">-</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'efc-7cf-aa9-8db-14f5'">-</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'76e-1db-1ed-8a3-d258'">38,260</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'920-130-a06-934-2599'">38,260</div></td></tr><tr style="height:12.95pt"><td style="width:41%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'267-d4d-bd2-7ef-6f5b'">All other revenues (1)</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'8b8-6ab-531-33c-acfb'">2,966</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'212-df0-cb8-624-db31'">239</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'f3d-20a-d3c-fbc-99da'">19,213</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'2c8-36d-42b-539-5d93'">-</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'c53-cd9-c42-24a-a6ae'">22,418</div></td></tr><tr style="height:12.95pt"><td style="width:41%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'eba-772-0b5-8c4-a16d'">Total revenues </div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'f6a-5ca-172-15f-69be'">541,029</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'8e5-0bc-dc0-1f9-ad05'">126,278</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'4c0-59d-428-f6f-89b9'">652,339</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'95a-5ab-de7-a64-49fb'">38,260</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'197-00b-04a-ff4-9832'">1,357,906</div></td></tr><tr style="height:12.95pt"><td style="width:41%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'915-57a-f98-394-d37c'">Cost of sales (2)</div></td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'bf8-20a-f2a-d7d-8ebe'">433,853</div></td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'614-d0c-13d-056-fe95'">113,057</div></td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'723-fa8-530-de8-ef88'">571,450</div></td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'177-aaa-6c8-beb-aeac'">-</div></td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'c33-04c-ed2-c21-7caf'">1,118,360</div></td></tr><tr style="height:12.95pt"><td style="width:41%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'216-dd2-ab0-91b-0b8e'">Selling, general and administrative </div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'def-e72-580-cdb-45f0'">32,202</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'81c-24d-493-ddb-ce75'">17,132</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'6be-a3d-41c-e62-78f5'">48,281</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'c16-535-a67-055-3608'">-</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'345-aef-8d8-973-8b24'">97,615</div></td></tr><tr style="height:12.95pt"><td style="width:41%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'9ca-334-dee-375-5f6d'">Financial services expenses </div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'7f7-af4-c7f-ff5-26a1'">-</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'aaf-ee8-aaf-606-73b0'">-</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'8d3-e2a-d33-0ec-44d3'">-</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'f43-03b-d0d-774-be9d'">26,328</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'1d2-97b-ee2-f91-aec0'">26,328</div></td></tr><tr style="height:12.95pt"><td style="width:41%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'3b1-5d6-818-ca2-0da2'">Other segment items (3)</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff">(4,819)</td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff">(4,517)</td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'8ec-227-9e3-291-bc7f'">10,195</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'5a8-085-c5e-f7e-982d'">-</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'e35-111-63f-04d-1766'">859</div></td></tr><tr style="height:12.95pt"><td style="width:41%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'b1d-525-27f-339-d150'">Total segment profit</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'28d-a0f-b2d-d00-6893'">$</div></td><td style="width:10%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'3e0-fed-574-ee9-d070'">79,793</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'48d-eb4-030-4f2-6c62'">$</div></td><td style="width:10%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'0b7-a11-68c-c69-8020'">606</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'6ee-178-cca-a46-4590'">$</div></td><td style="width:10%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'212-29f-a59-164-f5e1'">22,413</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'55e-704-2e1-787-e096'">$</div></td><td style="width:10%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'dd1-c96-0ec-fe3-ee2f'">11,932</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'37f-f8b-db2-afc-193c'">$</div></td><td style="width:10%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'cf4-662-dd2-d62-0be4'">114,744</div></td></tr><tr style="height:12.95pt"><td style="width:41%; border-top:2.25pt double #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'8f9-788-3bb-3f6-90c5'">Corporate and unallocated (4)</div></td><td style="width:1%; border-top:2.25pt double #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-top:2.25pt double #000000; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:2.25pt double #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:2.25pt double #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-top:2.25pt double #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:2.25pt double #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:2.25pt double #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-top:2.25pt double #000000; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:2.25pt double #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:2.25pt double #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-top:2.25pt double #000000; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:2.25pt double #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:2.25pt double #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-top:2.25pt double #000000; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'128-ec8-149-cbd-4dce'">48,351</div></td></tr><tr style="height:12.95pt"><td style="width:41%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'b6b-5c9-911-cce-4791'">Income before income taxes</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'889-2ed-1b0-106-b54f'">$</div></td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'28a-80b-68c-4a6-fae4'">66,393</div></td></tr></tbody></table></div> <table cellpadding="0" cellspacing="0" style="width:100%; margin-left:0.1pt; border-collapse:collapse"><tbody><tr style="height:9pt"><td style="width:3%; padding:1.25pt; vertical-align:top">(1)</td><td style="width:97%; padding:1.25pt; vertical-align:top"><div style="-aw-sdt-tag:'4bf-9f2-468-dd3-7c43'">Consists primarily of land sales revenue, interest income, and income from forfeited customer deposits due to contract cancellations.</div></td></tr><tr style="height:9pt"><td style="width:3%; padding:1.25pt; vertical-align:top">(2)</td><td style="width:97%; padding:1.25pt; vertical-align:top"><div style="-aw-sdt-tag:'dc1-0cc-1ef-d3d-a798'">Consists primarily of homebuilding and land sale costs, amortization of capitalized interest, inventory impairments and land option write-offs.</div></td></tr><tr style="height:9pt"><td style="width:3%; padding:1.25pt; vertical-align:top">(3)</td><td style="width:97%; padding:1.25pt; vertical-align:top"><div style="-aw-sdt-tag:'94d-f4a-4de-0b1-4125'">Consists primarily of other interest expensed, and income (loss) from unconsolidated joint ventures.</div></td></tr><tr style="height:9pt"><td style="width:3%; padding:1.25pt; vertical-align:top">(4)</td><td style="width:97%; padding:1.25pt; vertical-align:top"><div style="-aw-sdt-tag:'381-0c6-1f9-9f1-e7c7'">Consists primarily of corporate costs and shared services functions that are not allocated to the homebuilding or financial services reportable segments. In addition, includes the results of operations attributable to the KSA operating segment, which does not meet the quantitative thresholds for separate presentation as a reportable segment.</div></td></tr></tbody></table> <div style="-aw-sdt-tag:'bfd-ed6-bd9-d1b-63d1'; -aw-sdt-title:'Operating and Reporting Segments T5'"><table cellpadding="0" cellspacing="0" style="width:100.46%; border-collapse:collapse"><tbody><tr style="height:14.5pt"><td style="width:76.64%; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'b1e-f20-045-12a-73b7'">(In thousands)</div></td><td colspan="2" style="border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'05c-ef7-73d-f09-ac53'">April 30, 2026</div></td><td colspan="2" style="border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td colspan="3" style="border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'04d-491-02a-e87-e471'">October 31, 2025</div></td><td style="border-bottom:1pt solid #000000; vertical-align:top"></td></tr><tr style="height:14.5pt"><td style="width:76.64%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'afe-0c3-b58-0da-07c3'">Assets:</div></td><td style="width:1.46%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td colspan="2" style="border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td colspan="2" style="border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td colspan="2" style="border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td></tr><tr style="height:14.5pt"><td style="width:76.64%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'a0a-bd0-d02-f8f-3b3c'">Northeast</div></td><td style="width:1.46%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'723-f46-6c7-9d0-21fb'">$</div></td><td colspan="2" style="padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'8a6-eed-80c-bc9-6ee5'">646,743</div></td><td colspan="2" style="vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'d6e-390-24c-7c9-468f'">$</div></td><td colspan="2" style="padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'59c-d9d-c01-ed3-e056'">672,021</div></td></tr><tr style="height:14.5pt"><td style="width:76.64%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'89a-306-8b7-f0e-e618'">Southeast</div></td><td style="width:1.46%; vertical-align:bottom; background-color:#cceeff"> </td><td colspan="2" style="padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'c2c-be0-c8d-7cc-5dc3'">346,370</div></td><td colspan="2" style="vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td colspan="2" style="padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'74c-d3c-86e-41f-5f31'">358,383</div></td></tr><tr style="height:14.5pt"><td style="width:76.64%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'761-44b-6ab-53d-084c'">West</div></td><td style="width:1.46%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td colspan="2" style="border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'32c-a81-3d0-a76-cb11'">823,983</div></td><td colspan="2" style="border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td colspan="2" style="border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'d80-3d4-c0e-966-87eb'">829,683</div></td></tr><tr style="height:14.5pt"><td style="width:76.64%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'794-9ba-23e-7de-8e8a'">Total homebuilding</div></td><td style="width:1.46%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td colspan="2" style="border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'3e4-a63-f62-0ac-7b3e'">1,817,096</div></td><td colspan="2" style="border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td colspan="2" style="border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'01c-418-04d-5ba-34f7'">1,860,087</div></td></tr><tr style="height:14.5pt"><td style="width:76.64%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'c01-447-2cc-5ca-4880'">Financial services</div></td><td style="width:1.46%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td colspan="2" style="border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'5ec-71e-0e5-0b6-0764'">158,486</div></td><td colspan="2" style="border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td colspan="2" style="border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'665-cee-fd6-5bf-7ba7'">151,211</div></td></tr><tr style="height:15pt"><td style="width:76.64%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'151-f30-b45-279-6f56'">Total assets</div></td><td style="width:1.46%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'d2a-8dd-0ea-dc8-4e1b'">$</div></td><td colspan="2" style="border-top:1pt solid #000000; border-bottom:2.25pt double #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'497-e90-f51-cfb-bc6b'">1,975,582</div></td><td colspan="2" style="border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'545-3f0-2c6-2eb-5f44'">$</div></td><td colspan="2" style="border-top:1pt solid #000000; border-bottom:2.25pt double #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'32c-f2b-be2-85b-fd03'">2,011,298</div></td></tr><tr style="height:0pt"><td style="width:415.7pt"></td><td style="width:7.9pt"></td><td style="width:53.7pt"></td><td style="width:0.35pt"></td><td style="width:5.1pt"></td><td style="width:0.35pt"></td><td style="width:5.45pt"></td><td style="width:53.6pt"></td><td style="width:0.35pt"></td></tr></tbody></table></div>

216714000

73193000

314281000

604188000

23398000

35369000

33000

2411000

37813000

252083000

73226000

316692000

23398000

665399000

191756000

67787000

295955000

555498000

16294000

9560000

22142000

47996000

13361000

3023000 933000 9918000 0 13874000

41010000

-5054000

-11323000

10037000

34670000

34331000

339000

256415000

74602000

319297000

650314000

21318000

866000

74000

13088000

14028000

257281000

74676000

332385000

21318000

685660000

206937000

66899000

290435000

564271000

15586000

8616000

23543000

47745000

12891000

-2761000 -1999000 5097000 0 337000

37519000

1160000

13310000

8427000

60416000

33886000

26530000

456516000

147424000

576007000

1179947000

42406000

70164000

94000

2742000

73000000

526680000

147518000

578749000

42406000

1295353000

406711000

136203000

540397000

1083311000

33543000

18114000

42108000

93765000

26596000

-12347000 1797000 18962000 0 8412000

98773000

-8596000

-22718000

15810000

83269000

54228000

29041000

538063000

126039000

633126000

1297228000

38260000

2966000

239000

19213000

22418000

541029000

126278000

652339000

38260000

1357906000

433853000

113057000

571450000

1118360000

32202000

17132000

48281000

97615000

26328000

-4819000 -4517000 10195000 0 859000

79793000

606000

22413000

11932000

114744000

48351000

66393000

646743000

672021000

346370000

358383000

823983000

829683000

1817096000

1860087000

158486000

151211000

1975582000

2011298000

<table cellpadding="0" cellspacing="0" style="width:100%; border-collapse:collapse"><tbody><tr><td style="width:3.34%; vertical-align:top">18.</td><td style="width:96.66%; vertical-align:top">Investments in Unconsolidated Homebuilding and Land Development Joint Ventures</td></tr></tbody></table>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. During the first quarter of fiscal 2025, we contributed four active selling communities we owned to one new unconsolidated joint venture for $20.8 million of net cash and a $50.0 million note receivable, resulting in a gain of $22.7 million, which was recorded in “Other (income) expense, net.” During the first quarter of fiscal 2026, we assumed control of one of our unconsolidated joint ventures after the partner received their final cash distribution. We consolidated the remaining assets and liabilities that were in the unconsolidated joint venture at fair value. We also purchased an additional equity stake in one of our unconsolidated joint ventures that gave us a controlling financial interest. The total gain recorded from the two transactions was $26.8 million, which was recorded to “Other (income) expense, net." During the first quarter of fiscal 2026, we contributed twelve communities, including eleven active selling communities and one community in planning, to a new unconsolidated joint venture for $134.3 million of net cash. The carrying value of the communities contributed approximated fair value.The tables set forth below summarize the combined financial information related to our unconsolidated homebuilding joint ventures that are accounted for under the equity method. During the periods presented, we did not have an investment in any land development joint ventures.<div style="-aw-sdt-tag:'aa2-ec5-eae-893-c0aa'; -aw-sdt-title:'Investments in UHBLDJV T1'"><table cellpadding="0" cellspacing="0" style="width:100%; border-collapse:collapse"><tbody><tr style="height:3.6pt"><td style="width:77%; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'a8e-10c-6e3-246-c91e'">(In thousands)</div></td><td colspan="2" style="border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'6b6-d26-280-8f8-86e2'">April 30, 2026</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td colspan="2" style="border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'80c-964-4ce-a38-c436'">October 31, 2025</div></td></tr><tr style="height:10.8pt"><td style="width:77%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'96f-59e-489-dab-8f62'">Assets:</div></td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td></tr><tr style="height:3pt"><td style="width:77%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'54e-61e-834-8f1-e167'">Cash and cash equivalents</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'929-11b-4cd-34c-b5ce'">$</div></td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'bf4-336-dc6-ed9-4704'">46,063</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'b12-9a7-30f-7e7-7bf5'">$</div></td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'baa-54a-202-fec-45cb'">104,066</div></td></tr><tr style="height:3pt"><td style="width:77%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'20f-21b-87a-eb3-ef50'">Inventories</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'948-874-6f7-620-4003'">550,260</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'d63-39f-841-108-8e20'">487,965</div></td></tr><tr style="height:3pt"><td style="width:77%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'29f-b93-2bb-274-b4ff'">Other assets</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'46b-4bf-1af-821-f644'">8,073</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'307-1e2-8ec-d0c-7aaf'">128,385</div></td></tr><tr style="height:7.1pt"><td style="width:77%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'bb4-5c8-4d1-46c-6e19'">Total assets</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'2a3-775-47e-0f6-d21e'">$</div></td><td style="width:10%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'129-4a8-12f-d22-2fbe'">604,396</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'71a-feb-a3b-0b3-3a5c'">$</div></td><td style="width:10%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'e79-b09-fef-831-8d52'">720,416</div></td></tr><tr style="height:2.25pt"><td style="width:77%; border-top:2.25pt double #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'b08-11a-871-7f6-61de'">Liabilities and equity:</div></td><td style="width:1%; border-top:2.25pt double #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-top:2.25pt double #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:2.25pt double #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:2.25pt double #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-top:2.25pt double #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"> </td></tr><tr style="height:3pt"><td style="width:77%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'fec-683-a97-167-2223'">Accounts payable and accrued liabilities</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'b74-d13-6a5-781-cbc4'">$</div></td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'8d2-ede-f5d-cc9-2570'">76,422</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'086-4f3-bba-cdd-1a05'">$</div></td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'50f-217-6f3-c3e-6c30'">305,153</div></td></tr><tr style="height:3pt"><td style="width:77%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'cf6-161-f85-3f0-b8c7'">Notes payable</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'ad1-8e7-a64-b98-c796'">102,807</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'11f-e50-2f8-e66-8b2a'">121,948</div></td></tr><tr style="height:3.5pt"><td style="width:77%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'0bc-50d-bc8-20c-ae1a'">Total liabilities</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'858-28c-53f-38e-86b3'">179,229</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'c39-515-5da-008-4df8'">427,101</div></td></tr><tr style="height:2pt"><td style="width:77%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'7c1-16b-af0-13e-8eba'">Equity of:</div></td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"> </td></tr><tr style="height:3pt"><td style="width:77%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'ff0-4e8-829-53b-426e'">Hovnanian Enterprises, Inc.</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'88a-c5d-8f7-c5e-1e80'">144,800</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'120-bfa-e9b-54a-b83d'">160,903</div></td></tr><tr style="height:3pt"><td style="width:77%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'a31-680-59e-7f3-21c6'">Others</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'313-b74-ed1-4ef-a1ad'">280,367</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'eb5-98a-5fe-db7-2d99'">132,412</div></td></tr><tr style="height:2pt"><td style="width:77%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'ab1-60d-fc2-1cb-fc1f'">Total equity</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'501-379-dd0-72a-ced4'">425,167</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'b00-824-24b-0d5-f2dd'">293,315</div></td></tr><tr style="height:2pt"><td style="width:77%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'04e-3ad-b05-b41-917b'">Total liabilities and equity</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'52c-230-fe5-f6f-2b61'">$</div></td><td style="width:10%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'66c-672-23c-b50-8790'">604,396</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'4ef-575-c6b-57a-fd71'">$</div></td><td style="width:10%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'64b-f09-d7a-f5e-3455'">720,416</div></td></tr><tr style="height:1.25pt"><td style="width:77%; border-top:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'5f0-c56-4fe-696-3319'">Debt to capitalization ratio</div></td><td style="width:1%; border-top:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-top:2.25pt double #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff">19%</td><td style="width:1%; border-top:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-top:2.25pt double #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff">29%</td></tr></tbody></table></div><div style="-aw-sdt-tag:'b36-cd1-819-cc4-94ce'"></div><div style="-aw-sdt-tag:'b36-cd1-819-cc4-94ce'"></div>As of April 30, 2026 and October 31, 2025, we had outstanding advances to unconsolidated joint ventures of $3.7 million and $2.6 million, respectively. These amounts were included in “Accounts payable and accrued liabilities” in the tables above. In some cases, our net investment in unconsolidated joint ventures is less than our proportionate share of equity reflected in the tables above because of differences between asset impairments recorded against our unconsolidated joint venture investments and any impairments recorded in the applicable unconsolidated joint venture. During the six months ended April 30, 2026 and 2025, we did not write-down any of our unconsolidated joint venture investments.<div style="-aw-sdt-tag:'99a-b2e-46d-c11-ad2a'; -aw-sdt-title:'Investments in UHBLDJV T2'"><table cellpadding="0" cellspacing="0" style="width:100%; border-collapse:collapse"><tbody><tr style="height:7.2pt"><td style="width:75%; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td colspan="5" style="border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'f66-1ed-5cb-31c-ed21'">Three Months Ended April 30,</div></td></tr><tr style="height:7.2pt"><td style="width:75%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'bcd-ee9-c26-669-57e0'">(In thousands)</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:11%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'495-eb3-97f-6c0-fa1a'">2026</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:11%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'f82-851-c1f-bf2-3957'">2025</div></td></tr><tr style="height:7.2pt"><td style="width:75%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'2b0-f2f-e3a-ca6-e975'">Revenues</div></td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'eb7-16e-43e-b5e-db4f'">$</div></td><td style="width:11%; border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'9fd-c51-573-9cb-7691'">127,241</div></td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'fbd-9dd-cbe-709-7405'">$</div></td><td style="width:11%; border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'60b-d1e-f5e-902-0c8e'">146,139</div></td></tr><tr style="height:7.2pt"><td style="width:75%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'37d-5a8-753-dc9-c132'">Cost of sales and expenses</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:11%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff">(116,297)</td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:11%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff">(133,957)</td></tr><tr style="height:2pt"><td style="width:75%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'376-f41-ec2-872-c10f'">Joint venture net income</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'3bf-c0c-e78-54b-1cf8'">$</div></td><td style="width:11%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'571-4b7-99a-8fd-1c8b'">10,944</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'101-508-ca2-2e1-e2d8'">$</div></td><td style="width:11%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'837-886-ed7-2c0-5a96'">12,182</div></td></tr><tr style="height:7.2pt"><td style="width:75%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'8e7-bc2-df3-8f9-7997'">Our share of net (loss) income</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'316-7ed-7a3-375-32e8'">$</div></td><td style="width:11%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#ffffff">(1,106)</td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'474-b71-1b4-630-05cd'">$</div></td><td style="width:11%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'f8a-545-19d-ee2-789b'"> 9,043</div></td></tr></tbody></table></div> <div style="-aw-sdt-tag:'9e0-ddc-4b7-57e-6bc3'; -aw-sdt-title:'Investments in UHBLDJV T3'"><table cellpadding="0" cellspacing="0" style="width:100%; border-collapse:collapse"><tbody><tr style="height:12.95pt"><td style="width:71%; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td colspan="5" style="border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'7ea-580-118-790-2e30'">Six Months Ended April 30,</div></td></tr><tr style="height:12.95pt"><td style="width:71%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'e3a-56f-2de-a00-1dc7'">(In thousands)</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:11%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'b8d-50b-9df-275-1c37'">2026</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:11%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'5d6-770-777-43a-f4ed'">2025</div></td></tr><tr style="height:12.95pt"><td style="width:75%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'74c-ce0-1ea-ccd-91fd'">Revenues</div></td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'d03-076-9f7-42e-6b36'">$</div></td><td style="width:11%; border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'7f5-47b-823-09b-651d'">200,951</div></td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'c12-4a5-2ea-f75-f374'">$</div></td><td style="width:11%; border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'61d-843-ce4-4fb-ae64'">280,052</div></td></tr><tr style="height:12.95pt"><td style="width:75%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'2ec-a8e-fa9-102-c84e'">Cost of sales and expenses</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:11%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff">(185,575)</td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:11%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff">(254,215)</td></tr><tr style="height:12.95pt"><td style="width:75%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'7ee-691-a30-f37-ae4e'">Joint venture net income</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'45d-ec2-883-102-9aea'">$</div></td><td style="width:11%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'8ef-6db-f43-9f4-d65d'">15,376</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'24b-f80-5fe-037-8ce4'">$</div></td><td style="width:11%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'46b-6ff-35a-7dd-0ae0'">25,837</div></td></tr><tr style="height:12.95pt"><td style="width:75%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'95e-706-b7d-3a4-e146'">Our share of net income</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'13e-267-03b-30a-4c81'">$</div></td><td style="width:11%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'99e-b14-0d8-c8c-d48c'">2,334</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'49f-30b-4fc-b95-129c'">$</div></td><td style="width:11%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'b07-4b1-281-521-c078'">18,248</div></td></tr></tbody></table></div> The reason “Our share of net (loss) income” in homebuilding joint ventures 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. As of April 30, 2026 and 2025, respectively, we had investments in five and seven unconsolidated joint ventures, respectively, and our ownership in these joint ventures ranged from 20% to over 50%. Therefore, depending on mix, if the unconsolidated joint ventures in which we have higher sharing percentages are more profitable than our other unconsolidated joint ventures, that results in us having a higher overall percentage of income in the aggregate than would occur if all joint ventures had the same sharing percentage; conversely, if the unconsolidated joint ventures in which we have lower sharing percentages are more profitable than our other unconsolidated joint ventures, that results in us having a lower overall percentage of income in the aggregate than would occur if all joint ventures had the same sharing percentage. For the three and six months ended April 30, 2026, “Our share of net (loss) income” was less than the "Joint venture net income" due to two unconsolidated joint ventures with increased losses during the period for which we currently recognize a higher sharing percentage of the losses based on the joint venture agreements and two unconsolidated joint ventures with increased income during the period for which we currently recognize a lower sharing percentage of the income based on the joint venture agreements, slightly offset by the recognition of income from one unconsolidated joint venture that was dissolved in the first quarter of fiscal 2026. 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 ventures' revenues. These management fees, which totaled $5.1 million and $6.2 million for the three months ended April 30, 2026 and 2025, respectively, and $8.0 million and $11.4 million for the six months ended April 30, 2026 and 2025, respectively, are recorded in “Selling, general and administrative” homebuilding expenses in the Condensed Consolidated Statements of Operations.<div style="-aw-sdt-tag:'755-e9b-544-344-8c2a'"></div><div style="-aw-sdt-tag:'755-e9b-544-344-8c2a'"></div> Acquisition of KSA On January 1, 2026, we acquired an additional 40% equity interest in KSA, which was previously an unconsolidated joint venture in which we had a 50% ownership interest. We accounted for our investment in KSA as an equity method investment as we had significant influence through our interest but not control. We purchased the additional 40% interest in KSA from another joint venture partner for total cash consideration of $7.6 million, which included $1.5 million to pay off an outstanding loan balance. As of January 1, 2026, the date of acquisition, we accounted for KSA on a consolidated basis and derecognized it as an equity method investment. We remeasured our previously held equity method investment as of the acquisition date to a fair value of $9.5 million, determined using the implied fair value from the transaction price, and recorded a gain of $9.5 million as our carrying value was $0. The gain is included in “Other income (expense), net” in the Condensed Consolidated Statements of Operations. In accordance with ASC 805, the following fair values were assigned to assets acquired and liabilities assumed based on management’s estimates and assumptions. The purchase price allocation presented in our Condensed Consolidated Balance Sheets was as follows: <div style="-aw-sdt-tag:'1c7-34b-625-fb9-e5ff'; -aw-sdt-title:'Investments in UHBLDJV T4'"><table cellpadding="0" cellspacing="0" style="width:100%; border-collapse:collapse"><tbody><tr style="height:12.95pt"><td style="width:88%; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'8df-2fd-637-582-48a6'">(In thousands)</div></td><td colspan="2" style="border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'140-60d-4c6-80d-14f0'">January 1, 2026</div></td></tr><tr style="height:12.95pt"><td style="width:88%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'403-d24-c7d-a3a-c354'">Cash, cash equivalents and restricted cash</div></td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'8bb-dee-80c-370-82ef'">$</div></td><td style="width:11%; border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'a56-d97-1f8-17e-d6dc'">35,300</div></td></tr><tr style="height:12.95pt"><td style="width:88%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'0dc-e4b-22a-ccd-70df'">Property and equipment, net</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:11%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'98e-1b7-2bb-867-08b9'">469</div></td></tr><tr style="height:12.95pt"><td style="width:88%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'479-e34-6bd-61d-d460'">Sold and unsold homes and lots under development</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:11%; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'1d6-7c2-400-0e0-cfc2'"> 82,887</div></td></tr><tr style="height:12.95pt"><td style="width:88%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'6e2-3a9-2d8-28e-1bf8'">Land and land options held for future development or sale</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:11%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'476-d0a-097-f37-3259'">5,379</div></td></tr><tr style="height:12.95pt"><td style="width:88%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'65f-d72-724-c7d-9ff0'">Receivables, deposits and notes, net</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:11%; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'682-4fc-3ce-417-b707'"> 16,315</div></td></tr><tr style="height:12.95pt"><td style="width:88%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'653-08e-e1e-266-3e70'">Prepaid expenses and other assets</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:11%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'6d5-f48-789-d5f-1091'">7,682</div></td></tr><tr style="height:12.95pt"><td style="width:88%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'bec-417-838-646-2655'">Accounts payable and accrued liabilities</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:11%; vertical-align:bottom; background-color:#cceeff">(28,430)</td></tr><tr style="height:12.95pt"><td style="width:88%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'5a6-ed5-197-c9b-2374'">Customers' deposits</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:11%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff">(132,358)</td></tr><tr style="height:12.95pt"><td style="width:88%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'35a-7c5-ac9-c16-230f'">Net liabilities assumed</div></td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:11%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff">(12,756)</td></tr><tr style="height:12.95pt"><td style="width:88%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'c15-343-df0-efa-35db'">Goodwill</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:11%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'aa3-55a-f91-00e-8c43'">31,705</div></td></tr><tr style="height:12.95pt"><td style="width:88%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'223-a01-265-942-5f60'">Noncontrolling interests</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:11%; vertical-align:bottom; background-color:#cceeff">(1,895)</td></tr><tr style="height:12.95pt"><td style="width:88%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'ffd-1df-0d2-282-289c'">Gain on consolidation</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:11%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff">(9,474)</td></tr><tr style="height:12.95pt"><td style="width:88%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'977-fec-e69-7ee-2643'">Purchase price consideration</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'c0a-ed2-b7c-838-e21b'">$</div></td><td style="width:11%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'475-f6d-62b-e8a-aadc'">7,580</div></td></tr></tbody></table></div> The excess of purchase consideration over the fair value of the net liabilities acquired was recorded as goodwill, which is primarily attributed to the assembled workforce of KSA, and is not deductible for income tax purposes. The results of KSA were included in the Condensed Consolidated Statement of Operations from the date of acquisition and included $0.2 million of revenue for KSA and loss before income taxes of $2.8 million for KSA for the six months ended April 30, 2026.

4 1 20800000 50000000 22700000 1 26800000 12 11 1 134300000

<table cellpadding="0" cellspacing="0" style="width:100%; border-collapse:collapse"><tbody><tr style="height:3.6pt"><td style="width:77%; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'a8e-10c-6e3-246-c91e'">(In thousands)</div></td><td colspan="2" style="border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'6b6-d26-280-8f8-86e2'">April 30, 2026</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td colspan="2" style="border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'80c-964-4ce-a38-c436'">October 31, 2025</div></td></tr><tr style="height:10.8pt"><td style="width:77%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'96f-59e-489-dab-8f62'">Assets:</div></td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td></tr><tr style="height:3pt"><td style="width:77%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'54e-61e-834-8f1-e167'">Cash and cash equivalents</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'929-11b-4cd-34c-b5ce'">$</div></td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'bf4-336-dc6-ed9-4704'">46,063</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'b12-9a7-30f-7e7-7bf5'">$</div></td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'baa-54a-202-fec-45cb'">104,066</div></td></tr><tr style="height:3pt"><td style="width:77%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'20f-21b-87a-eb3-ef50'">Inventories</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'948-874-6f7-620-4003'">550,260</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'d63-39f-841-108-8e20'">487,965</div></td></tr><tr style="height:3pt"><td style="width:77%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'29f-b93-2bb-274-b4ff'">Other assets</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'46b-4bf-1af-821-f644'">8,073</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'307-1e2-8ec-d0c-7aaf'">128,385</div></td></tr><tr style="height:7.1pt"><td style="width:77%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'bb4-5c8-4d1-46c-6e19'">Total assets</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'2a3-775-47e-0f6-d21e'">$</div></td><td style="width:10%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'129-4a8-12f-d22-2fbe'">604,396</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'71a-feb-a3b-0b3-3a5c'">$</div></td><td style="width:10%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'e79-b09-fef-831-8d52'">720,416</div></td></tr><tr style="height:2.25pt"><td style="width:77%; border-top:2.25pt double #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'b08-11a-871-7f6-61de'">Liabilities and equity:</div></td><td style="width:1%; border-top:2.25pt double #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-top:2.25pt double #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:2.25pt double #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:2.25pt double #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-top:2.25pt double #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"> </td></tr><tr style="height:3pt"><td style="width:77%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'fec-683-a97-167-2223'">Accounts payable and accrued liabilities</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'b74-d13-6a5-781-cbc4'">$</div></td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'8d2-ede-f5d-cc9-2570'">76,422</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'086-4f3-bba-cdd-1a05'">$</div></td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'50f-217-6f3-c3e-6c30'">305,153</div></td></tr><tr style="height:3pt"><td style="width:77%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'cf6-161-f85-3f0-b8c7'">Notes payable</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'ad1-8e7-a64-b98-c796'">102,807</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'11f-e50-2f8-e66-8b2a'">121,948</div></td></tr><tr style="height:3.5pt"><td style="width:77%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'0bc-50d-bc8-20c-ae1a'">Total liabilities</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'858-28c-53f-38e-86b3'">179,229</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'c39-515-5da-008-4df8'">427,101</div></td></tr><tr style="height:2pt"><td style="width:77%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'7c1-16b-af0-13e-8eba'">Equity of:</div></td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"> </td></tr><tr style="height:3pt"><td style="width:77%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'ff0-4e8-829-53b-426e'">Hovnanian Enterprises, Inc.</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'88a-c5d-8f7-c5e-1e80'">144,800</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'120-bfa-e9b-54a-b83d'">160,903</div></td></tr><tr style="height:3pt"><td style="width:77%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'a31-680-59e-7f3-21c6'">Others</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'313-b74-ed1-4ef-a1ad'">280,367</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'eb5-98a-5fe-db7-2d99'">132,412</div></td></tr><tr style="height:2pt"><td style="width:77%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'ab1-60d-fc2-1cb-fc1f'">Total equity</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'501-379-dd0-72a-ced4'">425,167</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'b00-824-24b-0d5-f2dd'">293,315</div></td></tr><tr style="height:2pt"><td style="width:77%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'04e-3ad-b05-b41-917b'">Total liabilities and equity</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'52c-230-fe5-f6f-2b61'">$</div></td><td style="width:10%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'66c-672-23c-b50-8790'">604,396</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'4ef-575-c6b-57a-fd71'">$</div></td><td style="width:10%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'64b-f09-d7a-f5e-3455'">720,416</div></td></tr><tr style="height:1.25pt"><td style="width:77%; border-top:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'5f0-c56-4fe-696-3319'">Debt to capitalization ratio</div></td><td style="width:1%; border-top:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-top:2.25pt double #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff">19%</td><td style="width:1%; border-top:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-top:2.25pt double #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff">29%</td></tr></tbody></table><table cellpadding="0" cellspacing="0" style="width:100%; border-collapse:collapse"><tbody><tr style="height:7.2pt"><td style="width:75%; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td colspan="5" style="border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'f66-1ed-5cb-31c-ed21'">Three Months Ended April 30,</div></td></tr><tr style="height:7.2pt"><td style="width:75%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'bcd-ee9-c26-669-57e0'">(In thousands)</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:11%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'495-eb3-97f-6c0-fa1a'">2026</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:11%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'f82-851-c1f-bf2-3957'">2025</div></td></tr><tr style="height:7.2pt"><td style="width:75%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'2b0-f2f-e3a-ca6-e975'">Revenues</div></td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'eb7-16e-43e-b5e-db4f'">$</div></td><td style="width:11%; border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'9fd-c51-573-9cb-7691'">127,241</div></td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'fbd-9dd-cbe-709-7405'">$</div></td><td style="width:11%; border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'60b-d1e-f5e-902-0c8e'">146,139</div></td></tr><tr style="height:7.2pt"><td style="width:75%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'37d-5a8-753-dc9-c132'">Cost of sales and expenses</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:11%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff">(116,297)</td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:11%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff">(133,957)</td></tr><tr style="height:2pt"><td style="width:75%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'376-f41-ec2-872-c10f'">Joint venture net income</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'3bf-c0c-e78-54b-1cf8'">$</div></td><td style="width:11%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'571-4b7-99a-8fd-1c8b'">10,944</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'101-508-ca2-2e1-e2d8'">$</div></td><td style="width:11%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'837-886-ed7-2c0-5a96'">12,182</div></td></tr><tr style="height:7.2pt"><td style="width:75%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'8e7-bc2-df3-8f9-7997'">Our share of net (loss) income</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'316-7ed-7a3-375-32e8'">$</div></td><td style="width:11%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#ffffff">(1,106)</td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'474-b71-1b4-630-05cd'">$</div></td><td style="width:11%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'f8a-545-19d-ee2-789b'"> 9,043</div></td></tr></tbody></table><table cellpadding="0" cellspacing="0" style="width:100%; border-collapse:collapse"><tbody><tr style="height:12.95pt"><td style="width:71%; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td colspan="5" style="border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'7ea-580-118-790-2e30'">Six Months Ended April 30,</div></td></tr><tr style="height:12.95pt"><td style="width:71%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'e3a-56f-2de-a00-1dc7'">(In thousands)</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:11%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'b8d-50b-9df-275-1c37'">2026</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:11%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'5d6-770-777-43a-f4ed'">2025</div></td></tr><tr style="height:12.95pt"><td style="width:75%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'74c-ce0-1ea-ccd-91fd'">Revenues</div></td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'d03-076-9f7-42e-6b36'">$</div></td><td style="width:11%; border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'7f5-47b-823-09b-651d'">200,951</div></td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'c12-4a5-2ea-f75-f374'">$</div></td><td style="width:11%; border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'61d-843-ce4-4fb-ae64'">280,052</div></td></tr><tr style="height:12.95pt"><td style="width:75%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'2ec-a8e-fa9-102-c84e'">Cost of sales and expenses</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:11%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff">(185,575)</td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:11%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff">(254,215)</td></tr><tr style="height:12.95pt"><td style="width:75%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'7ee-691-a30-f37-ae4e'">Joint venture net income</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'45d-ec2-883-102-9aea'">$</div></td><td style="width:11%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'8ef-6db-f43-9f4-d65d'">15,376</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'24b-f80-5fe-037-8ce4'">$</div></td><td style="width:11%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'46b-6ff-35a-7dd-0ae0'">25,837</div></td></tr><tr style="height:12.95pt"><td style="width:75%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'95e-706-b7d-3a4-e146'">Our share of net income</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'13e-267-03b-30a-4c81'">$</div></td><td style="width:11%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'99e-b14-0d8-c8c-d48c'">2,334</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'49f-30b-4fc-b95-129c'">$</div></td><td style="width:11%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'b07-4b1-281-521-c078'">18,248</div></td></tr></tbody></table>

46063000

104066000

550260000

487965000

8073000

128385000

604396000

720416000

76422000

305153000

102807000

121948000

179229000

427101000

144800000

160903000

280367000

132412000

425167000

293315000

604396000

720416000

0.19 0.29

3700000

2600000

127241000

146139000

116297000

133957000

10944000

12182000

-1106000

9043000

200951000

280052000

185575000

254215000

15376000

25837000

2334000

18248000

5 5 7 7

0.20

0.50

5100000

6200000

8000000

11400000

0.40

0.50

0.40

7600000

1500000

9500000

<table cellpadding="0" cellspacing="0" style="width:100%; border-collapse:collapse"><tbody><tr style="height:12.95pt"><td style="width:88%; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'8df-2fd-637-582-48a6'">(In thousands)</div></td><td colspan="2" style="border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'140-60d-4c6-80d-14f0'">January 1, 2026</div></td></tr><tr style="height:12.95pt"><td style="width:88%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'403-d24-c7d-a3a-c354'">Cash, cash equivalents and restricted cash</div></td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'8bb-dee-80c-370-82ef'">$</div></td><td style="width:11%; border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'a56-d97-1f8-17e-d6dc'">35,300</div></td></tr><tr style="height:12.95pt"><td style="width:88%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'0dc-e4b-22a-ccd-70df'">Property and equipment, net</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:11%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'98e-1b7-2bb-867-08b9'">469</div></td></tr><tr style="height:12.95pt"><td style="width:88%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'479-e34-6bd-61d-d460'">Sold and unsold homes and lots under development</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:11%; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'1d6-7c2-400-0e0-cfc2'"> 82,887</div></td></tr><tr style="height:12.95pt"><td style="width:88%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'6e2-3a9-2d8-28e-1bf8'">Land and land options held for future development or sale</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:11%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'476-d0a-097-f37-3259'">5,379</div></td></tr><tr style="height:12.95pt"><td style="width:88%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'65f-d72-724-c7d-9ff0'">Receivables, deposits and notes, net</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:11%; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'682-4fc-3ce-417-b707'"> 16,315</div></td></tr><tr style="height:12.95pt"><td style="width:88%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'653-08e-e1e-266-3e70'">Prepaid expenses and other assets</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:11%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'6d5-f48-789-d5f-1091'">7,682</div></td></tr><tr style="height:12.95pt"><td style="width:88%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'bec-417-838-646-2655'">Accounts payable and accrued liabilities</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:11%; vertical-align:bottom; background-color:#cceeff">(28,430)</td></tr><tr style="height:12.95pt"><td style="width:88%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'5a6-ed5-197-c9b-2374'">Customers' deposits</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:11%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff">(132,358)</td></tr><tr style="height:12.95pt"><td style="width:88%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'35a-7c5-ac9-c16-230f'">Net liabilities assumed</div></td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:11%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff">(12,756)</td></tr><tr style="height:12.95pt"><td style="width:88%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'c15-343-df0-efa-35db'">Goodwill</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:11%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'aa3-55a-f91-00e-8c43'">31,705</div></td></tr><tr style="height:12.95pt"><td style="width:88%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'223-a01-265-942-5f60'">Noncontrolling interests</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:11%; vertical-align:bottom; background-color:#cceeff">(1,895)</td></tr><tr style="height:12.95pt"><td style="width:88%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'ffd-1df-0d2-282-289c'">Gain on consolidation</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:11%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff">(9,474)</td></tr><tr style="height:12.95pt"><td style="width:88%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'977-fec-e69-7ee-2643'">Purchase price consideration</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'c0a-ed2-b7c-838-e21b'">$</div></td><td style="width:11%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'475-f6d-62b-e8a-aadc'">7,580</div></td></tr></tbody></table>

35300000

469000

82887000 5379000

16315000

7682000

28430000

132358000

12756000

31705000

1895000

9474000

7580000

200000

-2800000

<table cellpadding="0" cellspacing="0" style="width:100%"><tbody><tr><td style="width:18pt; vertical-align:top">19. </td><td style="vertical-align:top">Recent Accounting Pronouncements </td></tr></tbody></table> In December 2023, the Financial Accounting Standards Board (“FASB”) issued accounting standards update (“ASU”) 2023-09, “Improvements to Income Tax Disclosures” (“ASU 2023-09”). ASU 2023-09 requires enhanced disclosures related to the rate reconciliation and information on income taxes paid. This guidance will be applied prospectively and is effective for annual reporting periods in fiscal years beginning after December 15, 2024. We are currently evaluating the potential impact the adoption of this guidance will have on our Condensed Consolidated Financial Statements. 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 Condensed Consolidated Financial Statements. In September 2025, the FASB issued ASU 2025-06, “Intangibles - Goodwill and Other - Internal-Use Software (Subtopic 350-40): Targeted Improvements to the Accounting for Internal-Use Software” (“ASU 2025-06”). ASU 2025-06 modernizes the accounting for the costs of internal-use software by removing all references to software development project stages so that the guidance is neutral to different software development methods. This guidance is effective for fiscal years beginning after December 15, 2027 and interim reporting periods within those annual reporting periods. Early adoption is permitted and the amendments in this update may be applied on a retrospective, modified transition, or prospective basis. We are currently evaluating the potential impact that the adoption of this guidance will have on our Condensed Consolidated Financial Statements.

<table cellpadding="0" cellspacing="0" style="width:100%; border-collapse:collapse"><tbody><tr><td style="width:18.5pt; vertical-align:middle">20. </td><td style="vertical-align:middle">Fair Value of Financial Instruments </td></tr></tbody></table> We use a fair-value hierarchy which prioritizes the inputs used in measuring fair value as follows: <table cellpadding="0" cellspacing="0" style="width:100%; border-collapse:collapse"><tbody><tr><td style="width:46.5pt; vertical-align:top"> </td><td style="width:81.5pt; vertical-align:top">Level 1: </td><td style="vertical-align:top">Fair value determined based on quoted prices in active markets for identical assets. </td></tr></tbody></table> <table cellpadding="0" cellspacing="0" style="width:100%; border-collapse:collapse"><tbody><tr><td style="width:46.5pt; vertical-align:top"> </td><td style="width:81.5pt; vertical-align:top">Level 2: </td><td style="vertical-align:top">Fair value determined using significant other observable inputs. </td></tr></tbody></table> <table cellpadding="0" cellspacing="0" style="width:100%; border-collapse:collapse"><tbody><tr style="height:7.5pt"><td style="width:46.5pt; vertical-align:top"> </td><td style="width:81.5pt; vertical-align:top">Level 3: </td><td style="vertical-align:top">Fair value determined using significant unobservable inputs. </td></tr></tbody></table> Our financial instruments measured at fair value on a recurring basis are summarized below: <div style="-aw-sdt-tag:'25c-e93-164-017-83ed'"><div style="-aw-sdt-tag:'ee3-100-720-ce3-1bad'; -aw-sdt-title:'fair value of financial instruments T12'"><table cellpadding="0" cellspacing="0" style="width:100%; border-collapse:collapse"><tbody><tr style="height:15pt"><td style="width:59%; vertical-align:bottom"> </td><td style="width:1%; vertical-align:bottom"> </td><td style="width:12%; vertical-align:bottom"> </td><td style="width:1%; vertical-align:bottom"> </td><td style="width:1%; vertical-align:bottom"> </td><td style="width:12%; vertical-align:bottom"><div style="-aw-sdt-tag:'f0c-d46-f00-1e7-6718'">Fair Value at</div></td><td style="width:1%; vertical-align:bottom"> </td><td style="width:1%; vertical-align:bottom"> </td><td style="width:12%; vertical-align:bottom"><div style="-aw-sdt-tag:'705-d16-144-506-110e'">Fair Value at</div></td></tr><tr style="height:15pt"><td style="width:59%; vertical-align:bottom"> </td><td style="width:1%; vertical-align:bottom"> </td><td style="width:12%; vertical-align:bottom"><div style="-aw-sdt-tag:'aab-767-650-f58-1420'">Fair Value</div></td><td style="width:1%; vertical-align:bottom"> </td><td style="width:1%; vertical-align:bottom"> </td><td style="width:12%; vertical-align:bottom"><div style="-aw-sdt-tag:'914-a07-d4f-33c-4995'">April 30,</div></td><td style="width:1%; vertical-align:bottom"> </td><td style="width:1%; vertical-align:bottom"> </td><td style="width:12%; vertical-align:bottom"><div style="-aw-sdt-tag:'403-47b-202-892-e918'">October 31,</div></td></tr><tr style="height:15pt"><td style="width:59%; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'038-f5c-e39-944-0ce5'">(In thousands)</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:12%; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'d2b-5d5-498-511-809e'">Hierarchy</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:12%; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'28b-8d8-29c-632-8fea'">2026</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:12%; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'e75-611-9dc-c50-f7de'">2025</div></td></tr><tr style="height:15pt"><td style="width:59%; border-top:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom"> </td><td style="width:12%; border-top:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom"> </td><td style="width:12%; border-top:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom"> </td><td style="width:12%; border-top:1pt solid #000000; vertical-align:bottom"> </td></tr><tr style="height:15pt"><td style="width:59%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'e3f-f9a-335-2b4-309b'">Mortgage loans held for sale (1)</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:12%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'ab3-b3c-4b5-94b-3385'">Level 2</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'519-39c-d67-d69-9bc3'">$</div></td><td style="width:12%; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'cf9-ceb-fbf-cab-02ee'">122,324</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'397-ac9-6e0-e60-0037'">$</div></td><td style="width:12%; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'75a-020-6ae-9e5-a89c'">111,631</div></td></tr></tbody></table></div> (1) The aggregate unpaid principal balance was $123.9 million and $112.1 million at April 30, 2026 and October 31, 2025, respectively.</div> 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 $597.2 million at April 30, 2026. Loans in process for which interest rates were committed to the borrowers totaled $59.0 million as of April 30, 2026. Substantially all of these commitments were for periods of 60 days or less. Since a portion of these commitments are expected to expire without being exercised by the borrowers, the total commitments do not necessarily represent future cash requirements. 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 April 30, 2026, we had no open mandatory investor commitments to sell MBS.<div style="-aw-sdt-tag:'eb6-82e-e29-8f9-fbe0'"></div><div style="-aw-sdt-tag:'eb6-82e-e29-8f9-fbe0'"></div> Changes in fair value that are included in income are shown by financial instrument and financial statement line item, below: <div style="-aw-sdt-tag:'4d4-4c8-1dd-954-b7b5'"><div style="-aw-sdt-tag:'41e-ce4-fa3-6d3-f69a'; -aw-sdt-title:'Fair Value of Financial Instruments T2'"><table cellpadding="0" cellspacing="0" style="width:100%; border-collapse:collapse"><tbody><tr style="height:15pt"><td style="width:59%; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td colspan="8" style="border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'ebf-e8b-86c-434-3f1e'">Three Months Ended April 30, 2026</div></td></tr><tr style="height:26.25pt"><td style="width:59%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td colspan="2" style="border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'f3b-9ee-b27-9d2-2225'">Mortgage Loans Held For Sale</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td colspan="2" style="border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'dd5-7f8-f0d-002-2346'">Interest Rate Lock Commitments</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td colspan="2" style="border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'c60-aa7-be3-3fe-864a'">Forward Contracts</div></td></tr><tr style="height:15pt"><td style="width:59%; border-top:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom"> </td><td style="width:12%; border-top:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom"> </td><td style="width:12%; border-top:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom"> </td><td style="width:12%; border-top:1pt solid #000000; vertical-align:bottom"> </td></tr><tr style="height:15pt"><td style="width:59%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'cb0-531-b4c-358-1a80'">Change in fair value included in financial services revenue</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'205-8f6-fa1-29b-de60'">$</div></td><td style="width:12%; vertical-align:bottom; background-color:#cceeff">(1,123)</td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'aaa-e59-aab-6f8-250f'">$</div></td><td style="width:12%; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'2cf-42f-21a-8df-1132'">-</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'aa5-0cd-fd8-84b-fd9e'">$</div></td><td style="width:12%; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'3a7-931-9ae-734-5f04'">-</div></td></tr></tbody></table></div> <div style="-aw-sdt-tag:'c15-705-ad6-7d3-4119'; -aw-sdt-title:'Fair Value of Financial Instruments T3'"><table cellpadding="0" cellspacing="0" style="width:100%; border-collapse:collapse"><tbody><tr style="height:15pt"><td style="width:59%; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td colspan="8" style="border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'3a5-5ee-f79-5e5-9df4'">Three Months Ended April 30, 2025</div></td></tr><tr style="height:39pt"><td style="width:59%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:12%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'239-4b5-aac-9f5-a105'">Mortgage Loans Held For Sale</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:12%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'9ab-cef-49d-9ce-0362'">Interest Rate Lock Commitments</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:12%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'a96-78c-723-335-be2d'">Forward Contracts</div></td></tr><tr style="height:15pt"><td style="width:59%; border-top:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom"> </td><td style="width:12%; border-top:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom"> </td><td style="width:12%; border-top:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom"> </td><td style="width:12%; border-top:1pt solid #000000; vertical-align:bottom"> </td></tr><tr style="height:15pt"><td style="width:59%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'215-a69-24d-dc2-07b3'">Change in fair value included in financial services revenue</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'cb5-b19-78e-408-2dc2'">$</div></td><td style="width:12%; vertical-align:bottom; background-color:#cceeff">(175)</td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'47d-5d8-613-ac0-7914'">$</div></td><td style="width:12%; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'d6a-385-977-d60-8d82'">-</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'0ff-b8b-615-c67-afd1'">$</div></td><td style="width:12%; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'c3b-2f2-1e8-853-6e5b'">-</div></td></tr></tbody></table></div> <div style="-aw-sdt-tag:'b2a-e10-d5e-0d9-5906'; -aw-sdt-title:'Fair Value of Financial Instruments T4'"><table cellpadding="0" cellspacing="0" style="width:100%; border-collapse:collapse"><tbody><tr style="height:15pt"><td style="width:59%; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td colspan="7" style="border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'e18-75d-5d8-a6d-3179'">Six Months Ended April 30, 2026</div></td></tr><tr style="height:39pt"><td style="width:59%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:12%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'8d0-167-928-dab-1975'">Mortgage Loans Held For Sale</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:12%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'c19-d4d-af3-091-4f94'">Interest Rate Lock Commitments</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:12%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'b43-583-1a9-083-4e3b'">Forward Contracts</div></td></tr><tr style="height:15pt"><td style="width:59%; border-top:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom"> </td><td style="width:12%; border-top:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom"> </td><td style="width:12%; border-top:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom"> </td><td style="width:12%; border-top:1pt solid #000000; vertical-align:bottom"> </td></tr><tr style="height:15pt"><td style="width:59%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'881-4cd-c01-6af-a61d'">Change in fair value included in financial services revenue</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'c94-2f2-a02-cb0-f85a'">$</div></td><td style="width:12%; vertical-align:bottom; background-color:#cceeff">(1,851)</td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'ae3-3d8-a63-473-a692'">$</div></td><td style="width:12%; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'94a-7b4-224-468-3498'">-</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'6e1-644-e5c-2ee-9a7f'">$</div></td><td style="width:12%; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'a2f-947-0ff-b73-fa83'">-</div></td></tr></tbody></table></div> <div style="-aw-sdt-tag:'247-9ff-006-f5d-7ffc'; -aw-sdt-title:'Fair Value of Financial Instruments T5'"><table cellpadding="0" cellspacing="0" style="width:100%; border-collapse:collapse"><tbody><tr style="height:15pt"><td style="width:59%; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td colspan="7" style="border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'955-a6f-e39-e5a-f876'">Six Months Ended April 30, 2025</div></td></tr><tr style="height:39pt"><td style="width:59%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:12%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'b96-022-d60-912-566a'">Mortgage Loans Held For Sale</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:12%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'c9c-b89-161-fb7-d203'">Interest Rate Lock Commitments</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:12%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'ec9-309-f2a-678-f0a5'">Forward Contracts</div></td></tr><tr style="height:15pt"><td style="width:59%; border-top:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom"> </td><td style="width:12%; border-top:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom"> </td><td style="width:12%; border-top:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom"> </td><td style="width:12%; border-top:1pt solid #000000; vertical-align:bottom"> </td></tr><tr style="height:15pt"><td style="width:59%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'dff-93e-e60-30c-b8e7'">Change in fair value included in financial services revenue</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'9c2-bbd-471-12e-36e7'">$</div></td><td style="width:12%; vertical-align:bottom; background-color:#cceeff">(910)</td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'5e8-ec5-503-ee5-ce7f'">$</div></td><td style="width:12%; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'1dd-d05-955-dce-309c'">-</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'08d-1e8-5ef-260-c85a'">$</div></td><td style="width:12%; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'0a9-be3-6f6-f10-ef56'">-</div></td></tr></tbody></table></div></div> Assets measured at fair value on a nonrecurring basis are those assets for which we have recorded valuation adjustments and write-offs during the three and six months ended April 30, 2026 and 2025. The assets measured at fair value on a nonrecurring basis are all within our homebuilding operations and are summarized below: <div style="-aw-sdt-tag:'6aa-1f9-50e-762-c77a'"><div style="-aw-sdt-tag:'d71-d23-18b-be7-d137'; -aw-sdt-title:'Fair value of Financial Instruments T10'"><table cellpadding="0" cellspacing="0" style="width:100%; border-collapse:collapse"><tbody><tr style="height:15pt"><td style="width:53%; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td colspan="10" style="border-bottom:1pt solid #000000; vertical-align:middle"><div style="-aw-sdt-tag:'466-aa1-aec-192-5d0d'">Three Months Ended April 30, 2026</div></td></tr><tr style="height:27pt"><td style="width:53%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'e22-75e-3f3-a1d-a37b'">(In thousands)</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'45d-1e5-62f-aa4-ece8'">Fair Value Hierarchy</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'c60-060-dfe-2a9-65ed'">Pre-Impairment Amount</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'429-280-609-ba9-70e9'">Total Losses</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'ed3-9fa-130-dba-a45a'">Fair Value</div></td></tr><tr style="height:14.5pt"><td style="width:53%; border-top:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom"> </td><td style="width:10%; border-top:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom"> </td><td style="width:10%; border-top:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom"> </td><td style="width:10%; border-top:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:middle"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:middle"> </td><td style="width:10%; border-top:1pt solid #000000; vertical-align:bottom"> </td></tr><tr style="height:14.5pt"><td style="width:53%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'5ca-827-8a9-cf9-7aa6'">Land and land options held for future development or sale</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'327-a87-9df-28b-453f'">Level 3</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'748-071-215-d16-b2e1'">$</div></td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'312-078-89d-130-c079'">21,736</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'b1a-404-041-093-db7f'">$</div></td><td style="width:10%; vertical-align:bottom; background-color:#cceeff">(5,334)</td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'214-360-873-bd8-67a6'">$</div></td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'99c-a10-9c1-ea4-5601'">16,402</div></td></tr></tbody></table></div> <div style="-aw-sdt-tag:'066-1a8-22a-cf7-329a'; -aw-sdt-title:'Fair Value of Financial Instruments T6'"><table cellpadding="0" cellspacing="0" style="width:100%; border-collapse:collapse"><tbody><tr style="height:15pt"><td style="width:53%; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td colspan="10" style="border-bottom:1pt solid #000000; vertical-align:middle"><div style="-aw-sdt-tag:'951-815-f49-8bc-5c0a'">Three Months Ended April 30, 2025</div></td></tr><tr style="height:27pt"><td style="width:53%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'567-15e-cef-16d-ebd8'">(In thousands)</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'4c9-b41-905-2f7-179a'">Fair Value Hierarchy</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'368-11b-602-a8a-654d'">Pre-Impairment Amount</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'f6b-dbe-d6f-220-bb75'">Total Losses</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'a6a-589-7fc-f6e-8e37'">Fair Value</div></td></tr><tr style="height:14.5pt"><td style="width:53%; border-top:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom"> </td><td style="width:10%; border-top:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom"> </td><td style="width:10%; border-top:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom"> </td><td style="width:10%; border-top:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:middle"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:middle"> </td><td style="width:10%; border-top:1pt solid #000000; vertical-align:bottom"> </td></tr><tr style="height:14.5pt"><td style="width:53%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'3ff-070-58f-d2d-82ef'">Land and land options held for future development or sale</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'c0c-c61-58a-df2-7e78'">Level 3</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'f2b-fbd-62a-49e-285d'">$</div></td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'6ac-c71-7e7-60a-1d63'">5,397</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'ac0-abc-1d2-9b4-5f2e'">$</div></td><td style="width:10%; vertical-align:bottom; background-color:#cceeff">(1,216)</td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'d3a-0dd-c74-835-b6fe'">$</div></td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'84e-d8b-07d-962-054d'">4,181</div></td></tr></tbody></table></div> <div style="-aw-sdt-tag:'739-271-24e-624-dac3'; -aw-sdt-title:'Fair Value of Financial Instruments T11'"><table cellpadding="0" cellspacing="0" style="width:100%; border-collapse:collapse"><tbody><tr style="height:15pt"><td style="width:53%; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td colspan="10" style="border-bottom:1pt solid #000000; vertical-align:middle"><div style="-aw-sdt-tag:'edc-a07-176-8ad-c3b4'">Six Months Ended April 30, 2026</div></td></tr><tr style="height:27pt"><td style="width:53%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'a90-3e8-867-d18-cebd'">(In thousands)</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'a13-2a4-fdc-425-94bd'">Fair Value Hierarchy</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'0cd-0b7-5f9-a7e-6a55'">Pre-Impairment Amount</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'bb8-477-494-273-c45e'">Total Losses</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'ff7-2a1-afe-c08-c61f'">Fair Value</div></td></tr><tr style="height:14.5pt"><td style="width:53%; border-top:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom"> </td><td style="width:10%; border-top:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom"> </td><td style="width:10%; border-top:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom"> </td><td style="width:10%; border-top:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:middle"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:middle"> </td><td style="width:10%; border-top:1pt solid #000000; vertical-align:bottom"> </td></tr><tr style="height:14.5pt"><td style="width:53%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'3ee-267-f0e-3de-ba7f'">Land and land options held for future development or sale</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'268-7d1-3cc-dc4-77e5'">Level 3</div></td><td style="width:1%; vertical-align:middle; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'4f5-ebd-a03-314-0201'">$</div></td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'7ae-25b-63a-728-4961'">21,736</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'57d-5d7-7a1-9e9-ad55'">$</div></td><td style="width:10%; vertical-align:bottom; background-color:#cceeff">(5,334)</td><td style="width:1%; vertical-align:middle; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'42d-a2e-400-edd-735f'">$</div></td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'e34-236-56a-dc9-01c6'">16,402</div></td></tr></tbody></table></div> <div style="-aw-sdt-tag:'c40-4d9-659-d1b-650d'; -aw-sdt-title:'Fair Value of Financial Instruments T7'"><table cellpadding="0" cellspacing="0" style="width:100%; border-collapse:collapse"><tbody><tr style="height:15pt"><td style="width:53%; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td colspan="10" style="border-bottom:1pt solid #000000; vertical-align:middle"><div style="-aw-sdt-tag:'abd-917-ad3-05f-ca95'">Six Months Ended April 30, 2025</div></td></tr><tr style="height:27pt"><td style="width:53%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'8ab-9a3-7b5-1c7-3d7b'">(In thousands)</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'c3f-461-db1-855-0d35'">Fair Value Hierarchy</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'76a-883-2d5-815-84c6'">Pre-Impairment Amount</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'463-3d3-2a8-fea-fb74'">Total Losses</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'1ff-ac4-f82-533-ac29'">Fair Value</div></td></tr><tr style="height:14.5pt"><td style="width:53%; border-top:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom"> </td><td style="width:10%; border-top:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom"> </td><td style="width:10%; border-top:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom"> </td><td style="width:10%; border-top:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:middle"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:middle"> </td><td style="width:10%; border-top:1pt solid #000000; vertical-align:bottom"> </td></tr><tr style="height:14.5pt"><td style="width:53%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'ca7-304-b5a-246-f7b4'">Land and land options held for future development or sale</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'b88-b9c-6ff-538-cf9b'">Level 3</div></td><td style="width:1%; vertical-align:middle; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'141-a27-766-558-a39a'">$</div></td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'eae-fbd-2ae-e46-81eb'">5,397</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'71b-b77-cbf-40f-052c'">$</div></td><td style="width:10%; vertical-align:bottom; background-color:#cceeff">(1,216)</td><td style="width:1%; vertical-align:middle; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'cf7-286-c6c-d73-cce5'">$</div></td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'6d6-229-4dc-c3e-47e4'">4,181</div></td></tr></tbody></table></div></div><div style="-aw-sdt-tag:'2ab-663-0b3-e9c-5f83'"></div><div style="-aw-sdt-tag:'2ab-663-0b3-e9c-5f83'"></div> We estimate the fair value of each impaired community by determining the present value of the estimated future cash flows at a discount rate commensurate with the risk of the respective community. For the three and six months ended April 30, 2026, our discount rates used to determine the fair value ranged from 16.0% to 19.8%, respectively. We recorded inventory impairments of $5.3 million for both the three and six months ended April 30, 2026 and $1.2 million for both the three and six months ended April 30, 2025, which are included in the Condensed Consolidated Statements of Operations as "Inventory impairments and land option write-offs" and deducted from inventory. The fair value of our cash equivalents, restricted cash and cash equivalents and customers' deposits approximates their carrying amount, based on Level 1 inputs.The fair value of each series of our notes and credit facilities are listed below. Level 2 measurements are estimated based on recent trades or quoted market prices for the same issues or based on recent trades or quoted market prices for our debt of similar security and maturity to achieve comparable yields. Level 3 measurements are estimated based on third-party broker quotes or management’s estimate of the fair value based on available trades for similar debt instruments. As shown in the table below, our 8.0% Senior Notes due 2031, 8.375% Senior Notes due 2033 and 5.0% Senior Notes due 2040 were a Level 2 measurement at April 30, 2026 and October 31, 2025 due to recent trades for the same notes. <div style="-aw-sdt-tag:'fdc-31e-7cd-8b2-0f83'"><div style="-aw-sdt-tag:'5bf-dc8-f6b-adf-947f'; -aw-sdt-title:'Fair Value of Financial Instruments T8'"><table cellpadding="0" cellspacing="0" style="width:100%; border-collapse:collapse"><tbody><tr style="height:12.95pt"><td colspan="12" style="border-bottom:1pt solid #000000; vertical-align:bottom">Fair Value as of April 30, 2026</td></tr><tr style="height:12.95pt"><td style="width:53%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'ae2-72c-227-cf7-fe6e'">(In thousands)</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'5de-aac-1db-9d4-f6a9'">Level 1</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'f11-cc2-378-4c8-a6fe'">Level 2</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'70b-111-dea-c9b-8b8c'">Level 3</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'b79-925-37d-422-fc91'">Total</div></td></tr><tr style="height:12.95pt"><td style="width:53%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'c08-866-260-0fc-0958'">Senior Notes:</div></td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td></tr><tr style="height:12.95pt"><td style="width:53%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'875-a33-11f-043-6069'">8.0% Senior Notes due April 1, 2031</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'e0b-a2c-0fe-07c-8da2'">-</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'10c-406-cb9-022-c524'">453,785</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'02b-9c8-fec-02f-ddcd'">-</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'66b-d54-cc2-860-8645'">453,785</div></td></tr><tr style="height:12.95pt"><td style="width:53%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'330-d87-1a1-59f-2770'">8.375% Senior Notes due October 1, 2033</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'4be-cb6-691-277-925e'">-</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'b2d-44f-807-fa5-895c'">452,826</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'0c8-173-12b-9a5-475e'">-</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'99a-9d3-e7d-9cb-3f09'">452,826</div></td></tr><tr style="height:12.95pt"><td style="width:53%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'463-df7-8a7-f87-fe1e'">5.0% Senior Notes due February 1, 2040</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'5db-f1a-52d-e23-b0cd'">-</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'f87-b8b-17c-61d-4a80'">16,235</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'c1e-cde-e97-f13-4403'">-</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'780-dba-82d-c36-714a'">16,235</div></td></tr><tr style="height:12.95pt"><td style="width:53%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'df4-8b2-ea2-67b-dedc'">Total fair value</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'de8-d1b-c61-69d-bd49'">$</div></td><td style="width:10%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'c0c-424-36c-ba7-349d'">-</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'271-416-907-ebf-b52b'">$</div></td><td style="width:10%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'1fb-572-c39-2d2-19b6'">922,846</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'50b-b9b-9c9-7ae-b0a6'">$</div></td><td style="width:10%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'52b-875-b8b-289-c447'">-</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'128-048-b6d-279-b43f'">$</div></td><td style="width:10%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'da7-2f4-fd8-90e-96d0'">922,846</div></td></tr></tbody></table></div> <div style="-aw-sdt-tag:'ae7-ab9-444-39b-15ef'"> <div style="-aw-sdt-tag:'12e-324-762-679-13e3'; -aw-sdt-title:'Fair Value of Financial Instruments T9'"><table cellpadding="0" cellspacing="0" style="width:100%; border-collapse:collapse"><tbody><tr style="height:12.95pt"><td colspan="12" style="border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'d44-3a9-e4b-e4f-446b'">Fair Value as of October 31, 2025</div></td></tr><tr style="height:12.95pt"><td style="width:53%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'6c2-4a7-7f7-de7-ebde'">(In thousands)</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'1c7-138-0e9-6c4-b24d'">Level 1</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'3d0-2d2-222-6ae-2e11'">Level 2</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'47b-ced-ffe-41f-a5bf'">Level 3</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'0ac-62c-87d-752-212b'">Total</div></td></tr><tr style="height:12.95pt"><td style="width:53%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'c94-31b-9df-c6f-4bd1'">Senior Notes:</div></td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"> </td></tr><tr style="height:12.95pt"><td style="width:53%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'fc8-5c4-704-b46-e065'">8.0% Senior Notes due April 1, 2031</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'1b4-2b6-650-2eb-aeb0'">-</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'99c-f20-627-21d-b7db'">459,972</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'a9a-af9-36c-1b2-2c26'">-</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'83c-819-1ce-9a6-f6e6'">459,972</div></td></tr><tr style="height:12.95pt"><td style="width:53%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'7d2-fe9-56f-a7c-1259'">8.375% Senior Notes due October 1, 2033</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'ce1-0d0-f0b-5e8-cf31'">-</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'d95-422-fdd-e1f-2822'">461,192</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'377-e97-1e7-a09-d30e'">-</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'8da-e73-fec-3b0-d089'">461,192</div></td></tr><tr style="height:12.95pt"><td style="width:53%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'576-133-6c5-e83-c53c'">5.0% Senior Notes due February 1, 2040</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'e27-f66-12b-034-f587'">-</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'e68-d25-0fe-203-c61b'">16,492</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'d3a-a9c-eea-386-077f'">-</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'bdf-972-f92-434-5279'">16,492</div></td></tr><tr style="height:12.95pt"><td style="width:53%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'89b-bc3-77e-527-1383'">Total fair value</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'aaa-0f2-2b6-0f9-61cc'">$</div></td><td style="width:10%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'895-dbb-fc0-b0c-c73c'">-</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'f39-5e1-200-ba4-d6ab'">$</div></td><td style="width:10%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'fe1-d5d-d57-83c-adfe'">937,656</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'c1f-77c-e34-213-54a6'">$</div></td><td style="width:10%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'3af-ec2-bd5-f09-23f0'">-</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'347-4cd-627-fed-bcff'">$</div></td><td style="width:10%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'e5b-cae-009-d19-1e01'">937,656</div></td></tr></tbody></table></div></div></div> The Senior Secured Revolving Credit Facility is not included in the above tables because there were no borrowings outstanding thereunder at April 30, 2026 and October 31, 2025.

<div style="-aw-sdt-tag:'ee3-100-720-ce3-1bad'; -aw-sdt-title:'fair value of financial instruments T12'"><table cellpadding="0" cellspacing="0" style="width:100%; border-collapse:collapse"><tbody><tr style="height:15pt"><td style="width:59%; vertical-align:bottom"> </td><td style="width:1%; vertical-align:bottom"> </td><td style="width:12%; vertical-align:bottom"> </td><td style="width:1%; vertical-align:bottom"> </td><td style="width:1%; vertical-align:bottom"> </td><td style="width:12%; vertical-align:bottom"><div style="-aw-sdt-tag:'f0c-d46-f00-1e7-6718'">Fair Value at</div></td><td style="width:1%; vertical-align:bottom"> </td><td style="width:1%; vertical-align:bottom"> </td><td style="width:12%; vertical-align:bottom"><div style="-aw-sdt-tag:'705-d16-144-506-110e'">Fair Value at</div></td></tr><tr style="height:15pt"><td style="width:59%; vertical-align:bottom"> </td><td style="width:1%; vertical-align:bottom"> </td><td style="width:12%; vertical-align:bottom"><div style="-aw-sdt-tag:'aab-767-650-f58-1420'">Fair Value</div></td><td style="width:1%; vertical-align:bottom"> </td><td style="width:1%; vertical-align:bottom"> </td><td style="width:12%; vertical-align:bottom"><div style="-aw-sdt-tag:'914-a07-d4f-33c-4995'">April 30,</div></td><td style="width:1%; vertical-align:bottom"> </td><td style="width:1%; vertical-align:bottom"> </td><td style="width:12%; vertical-align:bottom"><div style="-aw-sdt-tag:'403-47b-202-892-e918'">October 31,</div></td></tr><tr style="height:15pt"><td style="width:59%; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'038-f5c-e39-944-0ce5'">(In thousands)</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:12%; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'d2b-5d5-498-511-809e'">Hierarchy</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:12%; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'28b-8d8-29c-632-8fea'">2026</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:12%; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'e75-611-9dc-c50-f7de'">2025</div></td></tr><tr style="height:15pt"><td style="width:59%; border-top:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom"> </td><td style="width:12%; border-top:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom"> </td><td style="width:12%; border-top:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom"> </td><td style="width:12%; border-top:1pt solid #000000; vertical-align:bottom"> </td></tr><tr style="height:15pt"><td style="width:59%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'e3f-f9a-335-2b4-309b'">Mortgage loans held for sale (1)</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:12%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'ab3-b3c-4b5-94b-3385'">Level 2</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'519-39c-d67-d69-9bc3'">$</div></td><td style="width:12%; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'cf9-ceb-fbf-cab-02ee'">122,324</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'397-ac9-6e0-e60-0037'">$</div></td><td style="width:12%; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'75a-020-6ae-9e5-a89c'">111,631</div></td></tr></tbody></table></div> (1) The aggregate unpaid principal balance was $123.9 million and $112.1 million at April 30, 2026 and October 31, 2025, respectively.

122324000 111631000 123900000 112100000 597200000 59000000 P60D

<div style="-aw-sdt-tag:'41e-ce4-fa3-6d3-f69a'; -aw-sdt-title:'Fair Value of Financial Instruments T2'"><table cellpadding="0" cellspacing="0" style="width:100%; border-collapse:collapse"><tbody><tr style="height:15pt"><td style="width:59%; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td colspan="8" style="border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'ebf-e8b-86c-434-3f1e'">Three Months Ended April 30, 2026</div></td></tr><tr style="height:26.25pt"><td style="width:59%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td colspan="2" style="border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'f3b-9ee-b27-9d2-2225'">Mortgage Loans Held For Sale</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td colspan="2" style="border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'dd5-7f8-f0d-002-2346'">Interest Rate Lock Commitments</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td colspan="2" style="border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'c60-aa7-be3-3fe-864a'">Forward Contracts</div></td></tr><tr style="height:15pt"><td style="width:59%; border-top:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom"> </td><td style="width:12%; border-top:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom"> </td><td style="width:12%; border-top:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom"> </td><td style="width:12%; border-top:1pt solid #000000; vertical-align:bottom"> </td></tr><tr style="height:15pt"><td style="width:59%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'cb0-531-b4c-358-1a80'">Change in fair value included in financial services revenue</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'205-8f6-fa1-29b-de60'">$</div></td><td style="width:12%; vertical-align:bottom; background-color:#cceeff">(1,123)</td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'aaa-e59-aab-6f8-250f'">$</div></td><td style="width:12%; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'2cf-42f-21a-8df-1132'">-</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'aa5-0cd-fd8-84b-fd9e'">$</div></td><td style="width:12%; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'3a7-931-9ae-734-5f04'">-</div></td></tr></tbody></table></div> <div style="-aw-sdt-tag:'c15-705-ad6-7d3-4119'; -aw-sdt-title:'Fair Value of Financial Instruments T3'"><table cellpadding="0" cellspacing="0" style="width:100%; border-collapse:collapse"><tbody><tr style="height:15pt"><td style="width:59%; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td colspan="8" style="border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'3a5-5ee-f79-5e5-9df4'">Three Months Ended April 30, 2025</div></td></tr><tr style="height:39pt"><td style="width:59%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:12%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'239-4b5-aac-9f5-a105'">Mortgage Loans Held For Sale</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:12%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'9ab-cef-49d-9ce-0362'">Interest Rate Lock Commitments</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:12%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'a96-78c-723-335-be2d'">Forward Contracts</div></td></tr><tr style="height:15pt"><td style="width:59%; border-top:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom"> </td><td style="width:12%; border-top:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom"> </td><td style="width:12%; border-top:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom"> </td><td style="width:12%; border-top:1pt solid #000000; vertical-align:bottom"> </td></tr><tr style="height:15pt"><td style="width:59%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'215-a69-24d-dc2-07b3'">Change in fair value included in financial services revenue</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'cb5-b19-78e-408-2dc2'">$</div></td><td style="width:12%; vertical-align:bottom; background-color:#cceeff">(175)</td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'47d-5d8-613-ac0-7914'">$</div></td><td style="width:12%; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'d6a-385-977-d60-8d82'">-</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'0ff-b8b-615-c67-afd1'">$</div></td><td style="width:12%; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'c3b-2f2-1e8-853-6e5b'">-</div></td></tr></tbody></table></div> <div style="-aw-sdt-tag:'b2a-e10-d5e-0d9-5906'; -aw-sdt-title:'Fair Value of Financial Instruments T4'"><table cellpadding="0" cellspacing="0" style="width:100%; border-collapse:collapse"><tbody><tr style="height:15pt"><td style="width:59%; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td colspan="7" style="border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'e18-75d-5d8-a6d-3179'">Six Months Ended April 30, 2026</div></td></tr><tr style="height:39pt"><td style="width:59%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:12%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'8d0-167-928-dab-1975'">Mortgage Loans Held For Sale</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:12%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'c19-d4d-af3-091-4f94'">Interest Rate Lock Commitments</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:12%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'b43-583-1a9-083-4e3b'">Forward Contracts</div></td></tr><tr style="height:15pt"><td style="width:59%; border-top:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom"> </td><td style="width:12%; border-top:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom"> </td><td style="width:12%; border-top:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom"> </td><td style="width:12%; border-top:1pt solid #000000; vertical-align:bottom"> </td></tr><tr style="height:15pt"><td style="width:59%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'881-4cd-c01-6af-a61d'">Change in fair value included in financial services revenue</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'c94-2f2-a02-cb0-f85a'">$</div></td><td style="width:12%; vertical-align:bottom; background-color:#cceeff">(1,851)</td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'ae3-3d8-a63-473-a692'">$</div></td><td style="width:12%; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'94a-7b4-224-468-3498'">-</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'6e1-644-e5c-2ee-9a7f'">$</div></td><td style="width:12%; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'a2f-947-0ff-b73-fa83'">-</div></td></tr></tbody></table></div> <div style="-aw-sdt-tag:'247-9ff-006-f5d-7ffc'; -aw-sdt-title:'Fair Value of Financial Instruments T5'"><table cellpadding="0" cellspacing="0" style="width:100%; border-collapse:collapse"><tbody><tr style="height:15pt"><td style="width:59%; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td colspan="7" style="border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'955-a6f-e39-e5a-f876'">Six Months Ended April 30, 2025</div></td></tr><tr style="height:39pt"><td style="width:59%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:12%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'b96-022-d60-912-566a'">Mortgage Loans Held For Sale</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:12%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'c9c-b89-161-fb7-d203'">Interest Rate Lock Commitments</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:12%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'ec9-309-f2a-678-f0a5'">Forward Contracts</div></td></tr><tr style="height:15pt"><td style="width:59%; border-top:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom"> </td><td style="width:12%; border-top:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom"> </td><td style="width:12%; border-top:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom"> </td><td style="width:12%; border-top:1pt solid #000000; vertical-align:bottom"> </td></tr><tr style="height:15pt"><td style="width:59%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'dff-93e-e60-30c-b8e7'">Change in fair value included in financial services revenue</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'9c2-bbd-471-12e-36e7'">$</div></td><td style="width:12%; vertical-align:bottom; background-color:#cceeff">(910)</td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'5e8-ec5-503-ee5-ce7f'">$</div></td><td style="width:12%; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'1dd-d05-955-dce-309c'">-</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'08d-1e8-5ef-260-c85a'">$</div></td><td style="width:12%; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'0a9-be3-6f6-f10-ef56'">-</div></td></tr></tbody></table></div>

-1123000

-175000

-1851000

-910000

<div style="-aw-sdt-tag:'d71-d23-18b-be7-d137'; -aw-sdt-title:'Fair value of Financial Instruments T10'"><table cellpadding="0" cellspacing="0" style="width:100%; border-collapse:collapse"><tbody><tr style="height:15pt"><td style="width:53%; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td colspan="10" style="border-bottom:1pt solid #000000; vertical-align:middle"><div style="-aw-sdt-tag:'466-aa1-aec-192-5d0d'">Three Months Ended April 30, 2026</div></td></tr><tr style="height:27pt"><td style="width:53%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'e22-75e-3f3-a1d-a37b'">(In thousands)</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'45d-1e5-62f-aa4-ece8'">Fair Value Hierarchy</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'c60-060-dfe-2a9-65ed'">Pre-Impairment Amount</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'429-280-609-ba9-70e9'">Total Losses</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'ed3-9fa-130-dba-a45a'">Fair Value</div></td></tr><tr style="height:14.5pt"><td style="width:53%; border-top:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom"> </td><td style="width:10%; border-top:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom"> </td><td style="width:10%; border-top:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom"> </td><td style="width:10%; border-top:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:middle"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:middle"> </td><td style="width:10%; border-top:1pt solid #000000; vertical-align:bottom"> </td></tr><tr style="height:14.5pt"><td style="width:53%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'5ca-827-8a9-cf9-7aa6'">Land and land options held for future development or sale</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'327-a87-9df-28b-453f'">Level 3</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'748-071-215-d16-b2e1'">$</div></td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'312-078-89d-130-c079'">21,736</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'b1a-404-041-093-db7f'">$</div></td><td style="width:10%; vertical-align:bottom; background-color:#cceeff">(5,334)</td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'214-360-873-bd8-67a6'">$</div></td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'99c-a10-9c1-ea4-5601'">16,402</div></td></tr></tbody></table></div> <div style="-aw-sdt-tag:'066-1a8-22a-cf7-329a'; -aw-sdt-title:'Fair Value of Financial Instruments T6'"><table cellpadding="0" cellspacing="0" style="width:100%; border-collapse:collapse"><tbody><tr style="height:15pt"><td style="width:53%; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td colspan="10" style="border-bottom:1pt solid #000000; vertical-align:middle"><div style="-aw-sdt-tag:'951-815-f49-8bc-5c0a'">Three Months Ended April 30, 2025</div></td></tr><tr style="height:27pt"><td style="width:53%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'567-15e-cef-16d-ebd8'">(In thousands)</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'4c9-b41-905-2f7-179a'">Fair Value Hierarchy</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'368-11b-602-a8a-654d'">Pre-Impairment Amount</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'f6b-dbe-d6f-220-bb75'">Total Losses</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'a6a-589-7fc-f6e-8e37'">Fair Value</div></td></tr><tr style="height:14.5pt"><td style="width:53%; border-top:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom"> </td><td style="width:10%; border-top:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom"> </td><td style="width:10%; border-top:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom"> </td><td style="width:10%; border-top:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:middle"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:middle"> </td><td style="width:10%; border-top:1pt solid #000000; vertical-align:bottom"> </td></tr><tr style="height:14.5pt"><td style="width:53%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'3ff-070-58f-d2d-82ef'">Land and land options held for future development or sale</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'c0c-c61-58a-df2-7e78'">Level 3</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'f2b-fbd-62a-49e-285d'">$</div></td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'6ac-c71-7e7-60a-1d63'">5,397</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'ac0-abc-1d2-9b4-5f2e'">$</div></td><td style="width:10%; vertical-align:bottom; background-color:#cceeff">(1,216)</td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'d3a-0dd-c74-835-b6fe'">$</div></td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'84e-d8b-07d-962-054d'">4,181</div></td></tr></tbody></table></div> <div style="-aw-sdt-tag:'739-271-24e-624-dac3'; -aw-sdt-title:'Fair Value of Financial Instruments T11'"><table cellpadding="0" cellspacing="0" style="width:100%; border-collapse:collapse"><tbody><tr style="height:15pt"><td style="width:53%; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td colspan="10" style="border-bottom:1pt solid #000000; vertical-align:middle"><div style="-aw-sdt-tag:'edc-a07-176-8ad-c3b4'">Six Months Ended April 30, 2026</div></td></tr><tr style="height:27pt"><td style="width:53%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'a90-3e8-867-d18-cebd'">(In thousands)</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'a13-2a4-fdc-425-94bd'">Fair Value Hierarchy</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'0cd-0b7-5f9-a7e-6a55'">Pre-Impairment Amount</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'bb8-477-494-273-c45e'">Total Losses</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'ff7-2a1-afe-c08-c61f'">Fair Value</div></td></tr><tr style="height:14.5pt"><td style="width:53%; border-top:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom"> </td><td style="width:10%; border-top:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom"> </td><td style="width:10%; border-top:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom"> </td><td style="width:10%; border-top:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:middle"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:middle"> </td><td style="width:10%; border-top:1pt solid #000000; vertical-align:bottom"> </td></tr><tr style="height:14.5pt"><td style="width:53%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'3ee-267-f0e-3de-ba7f'">Land and land options held for future development or sale</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'268-7d1-3cc-dc4-77e5'">Level 3</div></td><td style="width:1%; vertical-align:middle; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'4f5-ebd-a03-314-0201'">$</div></td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'7ae-25b-63a-728-4961'">21,736</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'57d-5d7-7a1-9e9-ad55'">$</div></td><td style="width:10%; vertical-align:bottom; background-color:#cceeff">(5,334)</td><td style="width:1%; vertical-align:middle; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'42d-a2e-400-edd-735f'">$</div></td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'e34-236-56a-dc9-01c6'">16,402</div></td></tr></tbody></table></div> <div style="-aw-sdt-tag:'c40-4d9-659-d1b-650d'; -aw-sdt-title:'Fair Value of Financial Instruments T7'"><table cellpadding="0" cellspacing="0" style="width:100%; border-collapse:collapse"><tbody><tr style="height:15pt"><td style="width:53%; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td colspan="10" style="border-bottom:1pt solid #000000; vertical-align:middle"><div style="-aw-sdt-tag:'abd-917-ad3-05f-ca95'">Six Months Ended April 30, 2025</div></td></tr><tr style="height:27pt"><td style="width:53%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'8ab-9a3-7b5-1c7-3d7b'">(In thousands)</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'c3f-461-db1-855-0d35'">Fair Value Hierarchy</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'76a-883-2d5-815-84c6'">Pre-Impairment Amount</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'463-3d3-2a8-fea-fb74'">Total Losses</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'1ff-ac4-f82-533-ac29'">Fair Value</div></td></tr><tr style="height:14.5pt"><td style="width:53%; border-top:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom"> </td><td style="width:10%; border-top:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom"> </td><td style="width:10%; border-top:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom"> </td><td style="width:10%; border-top:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:middle"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:middle"> </td><td style="width:10%; border-top:1pt solid #000000; vertical-align:bottom"> </td></tr><tr style="height:14.5pt"><td style="width:53%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'ca7-304-b5a-246-f7b4'">Land and land options held for future development or sale</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'b88-b9c-6ff-538-cf9b'">Level 3</div></td><td style="width:1%; vertical-align:middle; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'141-a27-766-558-a39a'">$</div></td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'eae-fbd-2ae-e46-81eb'">5,397</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'71b-b77-cbf-40f-052c'">$</div></td><td style="width:10%; vertical-align:bottom; background-color:#cceeff">(1,216)</td><td style="width:1%; vertical-align:middle; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'cf7-286-c6c-d73-cce5'">$</div></td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'6d6-229-4dc-c3e-47e4'">4,181</div></td></tr></tbody></table></div>

21736000

5334000

16402000 5397000

1216000

4181000 21736000

5334000

16402000 5397000

1216000

4181000 0.16 0.198

5300000

1200000

0.08

0.08375

0.05

<div style="-aw-sdt-tag:'5bf-dc8-f6b-adf-947f'; -aw-sdt-title:'Fair Value of Financial Instruments T8'"><table cellpadding="0" cellspacing="0" style="width:100%; border-collapse:collapse"><tbody><tr style="height:12.95pt"><td colspan="12" style="border-bottom:1pt solid #000000; vertical-align:bottom">Fair Value as of April 30, 2026</td></tr><tr style="height:12.95pt"><td style="width:53%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'ae2-72c-227-cf7-fe6e'">(In thousands)</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'5de-aac-1db-9d4-f6a9'">Level 1</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'f11-cc2-378-4c8-a6fe'">Level 2</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'70b-111-dea-c9b-8b8c'">Level 3</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'b79-925-37d-422-fc91'">Total</div></td></tr><tr style="height:12.95pt"><td style="width:53%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'c08-866-260-0fc-0958'">Senior Notes:</div></td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td></tr><tr style="height:12.95pt"><td style="width:53%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'875-a33-11f-043-6069'">8.0% Senior Notes due April 1, 2031</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'e0b-a2c-0fe-07c-8da2'">-</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'10c-406-cb9-022-c524'">453,785</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'02b-9c8-fec-02f-ddcd'">-</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'66b-d54-cc2-860-8645'">453,785</div></td></tr><tr style="height:12.95pt"><td style="width:53%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'330-d87-1a1-59f-2770'">8.375% Senior Notes due October 1, 2033</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'4be-cb6-691-277-925e'">-</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'b2d-44f-807-fa5-895c'">452,826</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'0c8-173-12b-9a5-475e'">-</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'99a-9d3-e7d-9cb-3f09'">452,826</div></td></tr><tr style="height:12.95pt"><td style="width:53%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'463-df7-8a7-f87-fe1e'">5.0% Senior Notes due February 1, 2040</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'5db-f1a-52d-e23-b0cd'">-</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'f87-b8b-17c-61d-4a80'">16,235</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'c1e-cde-e97-f13-4403'">-</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'780-dba-82d-c36-714a'">16,235</div></td></tr><tr style="height:12.95pt"><td style="width:53%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'df4-8b2-ea2-67b-dedc'">Total fair value</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'de8-d1b-c61-69d-bd49'">$</div></td><td style="width:10%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'c0c-424-36c-ba7-349d'">-</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'271-416-907-ebf-b52b'">$</div></td><td style="width:10%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'1fb-572-c39-2d2-19b6'">922,846</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'50b-b9b-9c9-7ae-b0a6'">$</div></td><td style="width:10%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'52b-875-b8b-289-c447'">-</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'128-048-b6d-279-b43f'">$</div></td><td style="width:10%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'da7-2f4-fd8-90e-96d0'">922,846</div></td></tr></tbody></table></div> <div style="-aw-sdt-tag:'ae7-ab9-444-39b-15ef'"> <div style="-aw-sdt-tag:'12e-324-762-679-13e3'; -aw-sdt-title:'Fair Value of Financial Instruments T9'"><table cellpadding="0" cellspacing="0" style="width:100%; border-collapse:collapse"><tbody><tr style="height:12.95pt"><td colspan="12" style="border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'d44-3a9-e4b-e4f-446b'">Fair Value as of October 31, 2025</div></td></tr><tr style="height:12.95pt"><td style="width:53%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'6c2-4a7-7f7-de7-ebde'">(In thousands)</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'1c7-138-0e9-6c4-b24d'">Level 1</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'3d0-2d2-222-6ae-2e11'">Level 2</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'47b-ced-ffe-41f-a5bf'">Level 3</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"> </td><td style="width:10%; border-top:1pt solid #000000; border-bottom:1pt solid #000000; vertical-align:bottom"><div style="-aw-sdt-tag:'0ac-62c-87d-752-212b'">Total</div></td></tr><tr style="height:12.95pt"><td style="width:53%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'c94-31b-9df-c6f-4bd1'">Senior Notes:</div></td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; border-top:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"> </td></tr><tr style="height:12.95pt"><td style="width:53%; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'fc8-5c4-704-b46-e065'">8.0% Senior Notes due April 1, 2031</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'1b4-2b6-650-2eb-aeb0'">-</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'99c-f20-627-21d-b7db'">459,972</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'a9a-af9-36c-1b2-2c26'">-</div></td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'83c-819-1ce-9a6-f6e6'">459,972</div></td></tr><tr style="height:12.95pt"><td style="width:53%; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'7d2-fe9-56f-a7c-1259'">8.375% Senior Notes due October 1, 2033</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'ce1-0d0-f0b-5e8-cf31'">-</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'d95-422-fdd-e1f-2822'">461,192</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'377-e97-1e7-a09-d30e'">-</div></td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:10%; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'8da-e73-fec-3b0-d089'">461,192</div></td></tr><tr style="height:12.95pt"><td style="width:53%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'576-133-6c5-e83-c53c'">5.0% Senior Notes due February 1, 2040</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'e27-f66-12b-034-f587'">-</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'e68-d25-0fe-203-c61b'">16,492</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'d3a-a9c-eea-386-077f'">-</div></td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:1%; border-bottom:1pt solid #000000; vertical-align:bottom; background-color:#ffffff"> </td><td style="width:10%; border-bottom:1pt solid #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#ffffff"><div style="-aw-sdt-tag:'bdf-972-f92-434-5279'">16,492</div></td></tr><tr style="height:12.95pt"><td style="width:53%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'89b-bc3-77e-527-1383'">Total fair value</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'aaa-0f2-2b6-0f9-61cc'">$</div></td><td style="width:10%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'895-dbb-fc0-b0c-c73c'">-</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'f39-5e1-200-ba4-d6ab'">$</div></td><td style="width:10%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'fe1-d5d-d57-83c-adfe'">937,656</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'c1f-77c-e34-213-54a6'">$</div></td><td style="width:10%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'3af-ec2-bd5-f09-23f0'">-</div></td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"> </td><td style="width:1%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'347-4cd-627-fed-bcff'">$</div></td><td style="width:10%; border-top:1pt solid #000000; border-bottom:2.25pt double #000000; padding-right:2.9pt; vertical-align:bottom; background-color:#cceeff"><div style="-aw-sdt-tag:'e5b-cae-009-d19-1e01'">937,656</div></td></tr></tbody></table></div></div>

0.08

2031-04-01

453785000

0.08375

2033-10-01

452826000

0.05

2040-02-01

16235000

922846000

0.08

2031-04-01

459972000

0.08375

2033-10-01

461192000

0.05

2040-02-01

16492000

937656000

<table cellpadding="0" cellspacing="0" style="width:100%"><tbody><tr><td style="width:18pt; vertical-align:top">21.</td><td style="vertical-align:top">Transactions with Related Parties</td></tr></tbody></table> From time to time, an engineering firm owned by Tavit Najarian, a relative of Ara K. Hovnanian, our Chairman and Chief Executive Officer, and Alexander Hovnanian, our President, provides services to the Company. During the three months ended April 30, 2026 and 2025, the services provided by such engineering firm to the Company totaled $0.6 million and $0.2 million, respectively. During the six months ended April 30, 2026 and 2025, the services provided by such engineering firm to the Company totaled $0.8 million and $0.4 million, respectively. Neither the Company nor Messrs. Hovnanian have a financial interest in the relative’s company from whom the services were provided.

600000

200000

800000

400000

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. Includes $26.8 million gain on consolidation of joint ventures for the six months ended April 30, 2026, and $22.7 million gain on contribution of assets to a joint venture for the six months ended April 30, 2025 (see note 18). Amounts do not include interest incurred by our mortgage and finance subsidiaries. During the three and six months ended April 30, 2026 and 2025, respectively, our inventory under development exceeded our debt, therefore, all of the related interest incurred qualified for interest capitalization. Other interest includes interest on completed homes, land in planning and fully developed lots without homes under construction, which does not qualify for capitalization, and therefore, is expensed as incurred. Represents capitalized interest which was included as part of the assets contributed to joint ventures, as discussed in Note 18. There was no impact to the Condensed Consolidated Statement of Operations as a result of these capitalized interest transactions. Represents capitalized interest which was included as part of the assets acquired from joint ventures, as discussed in Note 18. There was no impact to the Condensed Consolidated Statement of Operations as a result of these capitalized interest transactions. Capitalized interest amounts are shown gross before allocating a portion of impairments, if any, to capitalized interest. Includes reserve balances acquired from unconsolidated joint ventures, as discussed in Note 18. 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. Consists primarily of land sales revenue, interest income, and income from forfeited customer deposits due to contract cancellations. Consists primarily of homebuilding and land sale costs, amortization of capitalized interest, inventory impairments and land option write-offs. Consists primarily of other interest expensed, and income (loss) from unconsolidated joint ventures. The aggregate unpaid principal balance was $123.9 million and $112.1 million at April 30, 2026 and October 31, 2025, respectively.