Inventories (Tables)

3 Months Ended

Feb. 28, 2022

Inventory Disclosure [Abstract]

Schedule of Inventories

Inventories consisted of the following (in thousands):

	February 28, 2022		November 30, 2021
Homes completed or under construction	$	2,369,054	$	2,103,038
Land under development	2,828,779		2,699,791
Total	$	5,197,833	$	4,802,829

Land under development at February 28, 2022 and November 30, 2021 included land held for future development or sale of $52.9 million and $45.2 million, respectively

Schedule of Capitalized Interest Costs

Our interest costs were as follows (in thousands):

	Three Months Ended February 28,
	2022		2021
Capitalized interest at beginning of period	$	161,119	$	190,113
Interest incurred	28,303		31,092
Interest amortized to construction and land costs (a)	(29,773)		(32,650)
Capitalized interest at end of period	$	159,649	$	188,555

(a)For the three months ended February 28, 2021, interest amortized to construction and land costs included a nominal amount related to land sales during the period.