Inventories (Tables)

9 Months Ended

Aug. 31, 2023

Inventory Disclosure [Abstract]

Schedule of Inventories

Inventories consisted of the following (in thousands):

	August 31, 2023		November 30, 2022
Homes completed or under construction	$	2,228,400	$	2,414,675
Land under development	2,957,475		3,128,501
Total	$	5,185,875	$	5,543,176

Schedule of Capitalized Interest Costs

Our interest costs were as follows (in thousands):

	Three Months Ended August 31,				Nine Months Ended August 31,
	2023		2022		2023		2022
Capitalized interest at beginning of period	$	141,225	$	154,665	$	145,494	$	161,119
Interest incurred	26,810		31,778		80,609		89,102
Interest amortized to construction and land costs (a)	(29,305)		(35,979)		(87,373)		(99,757)
Capitalized interest at end of period	$	138,730	$	150,464	$	138,730	$	150,464

(a)    Interest amortized to construction and land costs for the three months and nine months ended August 31, 2023 included nominal amounts related to land sales during the periods.