Inventories (Tables)

3 Months Ended

Feb. 28, 2017

Inventory Disclosure [Abstract]

Schedule of Inventories

Inventories consisted of the following (in thousands):

	February 28, 2017		November 30, 2016
Homes under construction	$	1,332,386	$	1,245,938
Land under development	1,658,275		1,727,657
Land held for future development or sale (a)	432,683		429,633
Total	$	3,423,344	$	3,403,228

Schedule of Capitalized Interest Costs

Our interest costs were as follows (in thousands):

	Three Months Ended
	February 28, 2017			February 29, 2016
Capitalized interest at beginning of period	$	306,723		$	288,442
Interest incurred (a)	50,079			46,251
Interest expensed (a)	(6,307		)	(3,697		)
Interest amortized to construction and land costs (b)	(39,384		)	(30,682		)
Capitalized interest at end of period (c)	$	311,111		$	300,314

(a) The amount for the three months ended February 28, 2017 included a charge of $5.7 million for the early extinguishment of debt.

(b) Interest amortized to construction and land costs for each of the three-month periods ended February 28, 2017 and February 29, 2016 included $.5 million related to land sales during the periods.

(c) 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.