Inventory Impairments and Land Option Contract Abandonments (Tables)

9 Months Ended

Aug. 31, 2022

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:

	Three Months Ended August 31,		Nine Months Ended August 31,
Unobservable Input (a)	2022	2021	2022	2021
Average selling price	$—	$949,400	$—	$471,000 - $949,400
Deliveries per month	—	4	—	4 - 5
Discount rate	—%	18%	—%	18% - 19%

(a)Ranges of inputs presented primarily reflect differences between the housing markets where each impacted community is located, rather than fluctuations in prevailing market rates.