Inventory Impairments and Land Option Contract Abandonments (Tables)

3 Months Ended

Feb. 29, 2020

Inventory Impairments and Land Option Contract Abandonments [Abstract]

Schedule of Significant Unobservable Inputs

The following table summarizes significant quantitative unobservable inputs we utilized in our fair value measurements with respect to the impaired communities written down to fair value during the periods presented:

	Three Months Ended
Unobservable Input (a)	February 29, 2020	February 28, 2019
Average selling price	$302,700 - $915,500	$1,045,400
Deliveries per month	1 - 4	1
Discount rate	17% - 18%	17%

(a)

The ranges of inputs used in each period primarily reflect differences between the housing markets where each impacted community is located, rather than fluctuations in prevailing market conditions.