Inventories (Tables)

9 Months Ended

Aug. 31, 2022

Inventory Disclosure [Abstract]

Schedule of Inventories

Inventories consisted of the following (in thousands):

	August 31, 2022		November 30, 2021
Homes completed or under construction	$	2,696,548	$	2,103,038
Land under development	3,040,154		2,699,791
Total	$	5,736,702	$	4,802,829

Land under development at August 31, 2022 and November 30, 2021 included land held for future development or sale of $53.3 million and $45.2 million, respectively

Schedule of Capitalized Interest Costs

Our interest costs were as follows (in thousands):

	Three Months Ended August 31,				Nine Months Ended August 31,
	2022		2021		2022		2021
Capitalized interest at beginning of period	$	154,665	$	180,065	$	161,119	$	190,113
Interest incurred	31,778		29,605		89,102		91,807
Interest amortized to construction and land costs (a)	(35,979)		(37,544)		(99,757)		(109,794)
Capitalized interest at end of period	$	150,464	$	172,126	$	150,464	$	172,126

(a)For the nine months ended August 31, 2021, interest amortized to construction and land costs included a nominal amount related to land sales during the period.