Inventories (Tables)

6 Months Ended

May 31, 2014

Inventory Disclosure [Abstract]

Schedule of Inventories

Inventories consisted of the following (in thousands):

	May 31, 2014		November 30, 2013
Homes under construction	$	824,273	$	586,439
Land under development	1,564,025		1,066,916
Land held for future development	617,820		645,222
Total	$	3,006,118	$	2,298,577

Schedule of Capitalized Interest Costs

Our interest costs are as follows (in thousands):

	Six Months Ended May 31,						Three Months Ended May 31,
	2014			2013			2014			2013
Capitalized interest at beginning of period	$	216,681		$	217,684		$	227,200		$	217,161
Interest incurred	82,438			67,911			43,158			34,489
Interest expensed	(19,834		)	(29,747		)	(8,558		)	(14,507		)
Interest amortized to construction and land costs	(37,702		)	(40,271		)	(20,217		)	(21,566		)
Capitalized interest at end of period (a)	$	241,583		$	215,577		$	241,583		$	215,577

(a) Capitalized interest amounts presented in the table reflect the gross amount of capitalized interest, as inventory impairment charges recognized, if any, are not generally allocated to specific components of inventory.