Inventories (Tables)

3 Months Ended

Feb. 29, 2024

Inventory Disclosure [Abstract]

Schedule of Inventories

Inventories consisted of the following (in thousands):

	February 29, 2024		November 30, 2023
Homes completed or under construction	$	2,112,901	$	2,106,149
Land under development	3,130,680		3,027,497
Total	$	5,243,581	$	5,133,646

Schedule of Capitalized Interest Costs

Our interest costs were as follows (in thousands):

	Three Months Ended
	February 29, 2024		February 28, 2023
Capitalized interest at beginning of period	$	134,375	$	145,494
Interest incurred	26,505		27,804
Interest amortized to construction and land costs (a)	(26,503)		(26,136)
Capitalized interest at end of period	$	134,377	$	147,162

(a)Interest amortized to construction and land costs for the three months ended February 29, 2024 included $.2 million related to land sales. There was no interest amortized to construction and land costs related to land sales for the three months ended February 28, 2023.