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Inventories (Tables)
9 Months Ended
Aug. 31, 2025
Inventory Disclosure [Abstract]  
Schedule of Inventories
Inventories consisted of the following (in thousands):
August 31,
2025
November 30,
2024
Homes completed or under construction$2,047,954 $1,990,113 
Land under development3,790,862 3,537,907 
Total$5,838,816 $5,528,020 
Schedule of Capitalized Interest Costs
Our interest costs were as follows (in thousands):
 Three Months Ended August 31,Nine Months Ended August 31,
 2025202420252024
Capitalized interest at beginning of period$128,676 $131,765 $122,387 $134,375 
Interest incurred 29,658 26,583 84,676 79,665 
Interest amortized to construction and land costs (a)
(27,026)(28,180)(75,755)(83,872)
Capitalized interest at end of period$131,308 $130,168 $131,308 $130,168 
(a)Interest amortized to construction and land costs for the three-month and nine-month periods ended August 31, 2025 and the nine months ended August 31, 2024 included nominal amounts related to land sales during the periods.