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Inventory (Tables)
6 Months Ended
Apr. 30, 2025
Inventory Disclosure [Abstract]  
Schedule of Inventory
Major components of inventory at April 30, 2025 and October 31, 2024 were (amounts in thousands):
April 30,
2025
October 31,
2024
Land deposits and costs of future communities$781,280 $620,040 
Land and land development costs2,992,183 2,532,221 
Land and land development costs associated with homes under construction3,785,095 3,617,266 
Total land and land development costs7,558,558 6,769,527 
Homes under construction2,946,464 2,458,541 
Model homes (1)489,851 484,857 
$10,994,873 $9,712,925 
(1)    Includes the allocated land and land development costs associated with each of our model homes in operation.
The following table provides a summary of the composition of our inventory based on community status at April 30, 2025 and October 31, 2024 (amounts in thousands):
April 30,
2025
October 31,
2024
Land controlled for future communities$242,738 $200,166 
Land owned for future communities442,008 353,030 
Operating communities10,310,127 9,159,729 
$10,994,873 $9,712,925 
Schedule of Inventory Impairment Charges
The amounts we have provided for inventory impairment charges and the expensing of costs that we believed not to be recoverable, included in home sales cost of revenues, are shown in the table below (amounts in thousands):
 Three months ended April 30,Six months ended April 30,
 2025202420252024
Land controlled for future communities$1,674 $1,288 $5,631 $2,759 
Operating communities8,125 27,140 20,585 27,140 
$9,799 $28,428 $26,216 $29,899 
Schedule of Interest Incurred, Capitalized and Expensed
Interest incurred, capitalized, and expensed, for the periods indicated, were as follows (amounts in thousands):
 Three months ended April 30,Six months ended April 30,
 2025202420252024
Interest capitalized, beginning of period$192,317 $198,291 $179,797 $190,550 
Interest incurred35,653 32,481 69,855 66,440 
Interest expensed to home sales cost of revenues(30,311)(34,740)(50,387)(58,318)
Interest expensed to land sales and other cost of revenues(624)(726)(638)(1,020)
Interest capitalized on investments in unconsolidated entities(1,581)(2,219)(3,284)(4,707)
Previously capitalized interest on investments in unconsolidated entities transferred to inventory569 391 680 533 
Interest capitalized, end of period$196,023 $193,478 $196,023 $193,478