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Investments in Unconsolidated Joint Ventures (Financial Information for Unconsolidated Joint Ventures) (Details)
$ in Thousands
1 Months Ended 3 Months Ended
Jan. 31, 2025
USD ($)
Oct. 31, 2024
USD ($)
loanExtensionOption
Feb. 28, 2025
USD ($)
joint_venture
Feb. 29, 2024
USD ($)
Apr. 19, 2026
USD ($)
Feb. 28, 2026
USD ($)
Aug. 31, 2025
USD ($)
Nov. 30, 2024
USD ($)
joint_venture
Nov. 30, 2023
USD ($)
Schedule of Equity Method Investments [Line Items]                  
Number of investments in unconsolidated joint ventures | joint_venture     6         6  
Statements of operations of unconsolidated joint venture                  
Net income     $ 109,557 $ 138,665          
Assets                  
Total assets     6,979,260         $ 6,936,169  
Liabilities and equity                  
Equity     4,092,678 3,882,670       4,060,616 $ 3,810,140
Total liabilities and stockholders’ equity     $ 6,979,260         $ 6,936,169  
Number of other unconsolidated joint ventures with outstanding debt | joint_venture     0         0  
Homebuilding                  
Assets                  
Cash and cash equivalents (a)     $ 267,833         $ 597,973  
Other assets     102,512         105,920  
Total assets     6,917,120         6,869,246  
Financial services                  
Assets                  
Cash and cash equivalents (a)     1,625         1,220  
Other assets [1]     38,584         38,299  
Total assets     62,140         66,923  
Financial services | Interest Rate Lock Commitments                  
Liabilities and equity                  
Derivative asset, notional amount     14,400         16,000  
Change in fair value included in gain (loss) on sale of mortgage loans held for sale     $ (1,500) 2,900          
Equity Method Investment, Nonconsolidated Investee or Group of Investees | Unsecured revolving credit facility                  
Liabilities and equity                  
Unsecured revolving credit facility, expiration date     Apr. 19, 2026            
Equity Method Investment, Nonconsolidated Investee or Group of Investees | Unsecured revolving credit facility | Term Loan Commitment                  
Liabilities and equity                  
Debt instrument, face amount $ 60,000 $ 55,000              
Debt instrument, loan extension period 8 months 6 months              
Debt instrument, number of loan extension options | loanExtensionOption   2              
Equity Method Investment, Nonconsolidated Investee or Group of Investees | Unsecured revolving credit facility | Term Loan Commitment | Forecast                  
Liabilities and equity                  
Debt instrument, face amount         $ 28,000 $ 40,000 $ 55,200    
Equity Method Investment, Nonconsolidated Investee or Group of Investees | Homebuilding                  
Statements of operations of unconsolidated joint venture                  
Revenues     $ 25,369 0          
Construction and land costs     (19,002) 0          
Other expense, net     (1,552) (854)          
Net income     4,815 (854)          
Assets                  
Cash     14,293         18,869  
Receivables     2,728         2,918  
Inventories     150,508         158,322  
Other assets     1,077         1,052  
Total assets     168,606         181,161  
Liabilities and equity                  
Accounts payable and other liabilities     5,465         8,091  
Notes payable [2]     47,408         47,300  
Equity     115,733         125,770  
Total liabilities and stockholders’ equity     168,606         181,161  
Equity Method Investment, Nonconsolidated Investee or Group of Investees | Financial services                  
Statements of operations of unconsolidated joint venture                  
Revenues     25,615 30,412          
Other expense, net     (16,957) (16,301)          
Net income     8,658 $ 14,111          
Assets                  
Cash and cash equivalents (a) [3]     24,845         31,702  
Mortgage loans held for sale     165,838         122,828  
Other assets     18,617         22,815  
Total assets     209,300         177,345  
Liabilities and equity                  
Accounts payable and other liabilities     13,161         15,398  
Funding facilities     159,487         117,953  
Equity     36,652         43,994  
Total liabilities and stockholders’ equity     209,300         177,345  
Restricted Cash     $ 1,300         $ 1,300  
[1] Other assets at February 28, 2025 and November 30, 2024 included $38.5 million and $38.2 million, respectively, of contract assets for estimated future renewal commissions.
[2] As of both February 28, 2025 and November 30, 2024, the unconsolidated joint venture in California that delivered homes in the three months ended February 28, 2025 had borrowings outstanding under a term loan with a third-party lender to finance its land acquisition, development and construction activities. In January 2025, the loan agreement was amended, increasing the aggregate commitment to $60.0 million from $55.0 million, and providing an eight-month loan extension option to replace the two previous six-month extension options. Pursuant to the amendment, the aggregate commitment will be reduced to $55.2 million on August 31, 2025, and then to $40.0 million on February 28, 2026. This term loan is scheduled to mature on April 19, 2026, unless extended or terminated pursuant to its applicable terms. If the term loan is extended, the aggregate commitment would be reduced to $28.0 million effective April 19, 2026. Borrowings under the term loan are secured by the underlying property and related project assets. None of our other unconsolidated joint ventures had outstanding debt at February 28, 2025 or November 30, 2024
[3] Cash and cash equivalents includes restricted cash of $1.3 million at both February 28, 2025 and November 30, 2024