Inventories (Tables)

6 Months Ended

May 31, 2016

Inventory Disclosure [Abstract]

Schedule of Inventories

Inventories consisted of the following (in thousands):

	May 31, 2016		November 30, 2015
Homes under construction	$	1,247,223	$	1,031,356
Land under development	1,815,661		1,766,045
Land held for future development	462,205		516,346
Total	$	3,525,089	$	3,313,747

Schedule of Capitalized Interest Costs

Our interest costs were as follows (in thousands):

	Six Months Ended May 31,						Three Months Ended May 31,
	2016			2015			2016			2015
Capitalized interest at beginning of period	$	288,442		$	266,668		$	300,314		$	284,040
Interest incurred	92,509			94,202			46,258			49,199
Interest expensed	(5,667		)	(13,456		)	(1,970		)	(8,118		)
Interest amortized to construction and land costs (a)	(66,239		)	(47,736		)	(35,557		)	(25,443		)
Capitalized interest at end of period (b)	$	309,045		$	299,678		$	309,045		$	299,678

(a) Interest amortized to construction and land costs for the six months ended May 31, 2016 included $.5 million related to land sales during the period.

(b) 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.