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Investments in Unconsolidated Joint Ventures (Financial Information for Unconsolidated Joint Ventures) (Details)
$ in Thousands
1 Months Ended 3 Months Ended 9 Months Ended
Jan. 31, 2025
USD ($)
Oct. 31, 2024
USD ($)
loanExtensionOption
Aug. 31, 2025
USD ($)
joint_venture
Aug. 31, 2024
USD ($)
Aug. 31, 2025
USD ($)
joint_venture
Aug. 31, 2024
USD ($)
Apr. 19, 2026
USD ($)
Feb. 28, 2026
USD ($)
May 31, 2025
USD ($)
Nov. 30, 2024
USD ($)
joint_venture
May 31, 2024
USD ($)
Nov. 30, 2023
USD ($)
Schedule of Equity Method Investments [Line Items]                        
Number of investments in unconsolidated joint ventures | joint_venture     6   6         6    
Statements of operations of unconsolidated joint venture                        
Net income     $ 109,828 $ 157,329 $ 327,268 $ 464,413            
Assets                        
Total assets     6,985,572   6,985,572         $ 6,936,169    
Liabilities and equity                        
Equity     3,902,363 3,987,094 3,902,363 3,987,094     $ 3,990,538 4,060,616 $ 3,991,704 $ 3,810,140
Total liabilities and stockholders’ equity     $ 6,985,572   $ 6,985,572         $ 6,936,169    
Number of other unconsolidated joint ventures with outstanding debt | joint_venture     0   0         0    
Homebuilding                        
Assets                        
Cash and cash equivalents     $ 330,586   $ 330,586         $ 597,973    
Other assets     102,880   102,880         105,920    
Total assets     6,925,794   6,925,794         6,869,246    
Financial services                        
Assets                        
Cash and cash equivalents     1,712   1,712         1,220    
Other assets [1]     38,424   38,424         38,299    
Total assets     59,778   59,778         66,923    
Financial services | Interest Rate Lock Commitments                        
Liabilities and equity                        
Derivative asset, notional amount     9,400   9,400         16,000    
Change in fair value included in gain (loss) on sale of mortgage loans held for sale     (3,000) (400) $ (6,600) 3,800            
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 55,200   $ 55,200              
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        
Equity Method Investment, Nonconsolidated Investee or Group of Investees | Homebuilding                        
Statements of operations of unconsolidated joint venture                        
Revenues     19,027 32,241 58,767 37,539            
Construction and land costs     (14,371) (23,580) (44,176) (27,404)            
Other expense, net     (1,567) (1,694) (4,474) (3,541)            
Net income     3,089 6,967 10,117 6,594            
Assets                        
Cash     12,968   12,968         18,869    
Receivables     5,512   5,512         2,918    
Inventories     154,112   154,112         158,322    
Other assets     749   749         1,052    
Total assets     173,341   173,341         181,161    
Liabilities and equity                        
Accounts payable and other liabilities     12,076   12,076         8,091    
Notes payable [2]     41,825   41,825         47,300    
Equity     119,440   119,440         125,770    
Total liabilities and stockholders’ equity     173,341   173,341         181,161    
Equity Method Investment, Nonconsolidated Investee or Group of Investees | Financial services                        
Statements of operations of unconsolidated joint venture                        
Revenues     26,362 31,615 79,326 93,485            
Other expense, net     (17,854) (19,751) (52,437) (54,641)            
Net income     8,508 $ 11,864 26,889 $ 38,844            
Assets                        
Cash and cash equivalents [3]     23,496   23,496         31,702    
Mortgage loans held for sale     174,920   174,920         122,828    
Other assets     13,503   13,503         22,815    
Total assets     211,919   211,919         177,345    
Liabilities and equity                        
Accounts payable and other liabilities     13,686   13,686         15,398    
Funding facilities     167,461   167,461         117,953    
Equity     30,772   30,772         43,994    
Total liabilities and stockholders’ equity     211,919   211,919         177,345    
Restricted cash     $ 800   $ 800         $ 1,300    
[1] Other assets at August 31, 2025 and November 30, 2024 included $38.4 million and $38.2 million, respectively, of contract assets for estimated future renewal commissions.
[2] As of both August 31, 2025 and November 30, 2024, the unconsolidated joint venture in California that delivered homes in the three-month and nine-month periods ended August 31, 2025 and 2024 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 was reduced to $55.2 million on August 31, 2025, and will be reduced 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 August 31, 2025 or November 30, 2024
[3] Cash and cash equivalents included restricted cash of $.8 million at August 31, 2025 and $1.3 million at November 30, 2024