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Inventory (Tables)
 12 Months Ended
Oct. 31, 2025
Inventory Disclosure [Abstract]  
Schedule of Inventory
Major components of inventory at October 31, 2025 and 2024 consisted of the following (amounts in thousands):
October 31, 2025October 31, 2024
Land deposits and costs of future communities$843,110 $620,040 
Land and land development costs3,018,179 2,532,221 
Land and land development costs associated with homes under construction3,738,695 3,617,266 
Total land and land development costs7,599,984 6,769,527 
Homes under construction2,535,219 2,458,541 
Model homes (1)
543,257 484,857 
 $10,678,460 $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 October 31, 2025 and October 31, 2024 (amounts in thousands):
October 31, 2025October 31, 2024
Land controlled for future communities$307,229 $200,166 
Land owned for future communities406,506 353,030 
Operating communities9,964,725 9,159,729 
$10,678,460 $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, in each of the three fiscal years ended October 31, 2025, 2024, and 2023, are shown in the table below (amounts in thousands):
202520242023
Land controlled for future communities$33,529 $6,676 $10,712 
Land owned for future communities— — 1,493 
Operating communities32,385 52,765 18,501 
 $65,914 $59,441 $30,706 
Schedule of Interest Incurred, Capitalized and Expensed
Interest incurred, capitalized, and expensed in each of the three fiscal years ended October 31, 2025, 2024, and 2023, was as follows (amounts in thousands):
202520242023
Interest capitalized, beginning of year$179,797 $190,550 $209,468 
Interest incurred132,871 128,743 140,426 
Interest expensed to home sales cost of revenues(118,085)(128,962)(139,410)
Interest expensed to land sales and other cost of revenues(2,383)(3,142)(10,787)
Interest capitalized on investments in unconsolidated entities(5,857)(8,404)(9,783)
Previously capitalized interest transferred to investments in unconsolidated entities— — (244)
Previously capitalized interest on investments in unconsolidated entities transferred to inventory4,501 1,012 880 
Interest capitalized, end of year$190,844 $179,797 $190,550