Summary Of Significant Accounting Policies (Tables)

12 Months Ended

Nov. 30, 2015

Financing Receivable, Impaired [Line Items]

Schedule of Significant Unobservable Inputs Used to Determine Fair Value of Communities

The table below summarizes the most significant unobservable inputs used in the Company's discounted cash flow model to determine the fair value of its communities for which the Company recorded valuation adjustments during the years ended November 30, 2015, 2014 and 2013:

	November 30,
	2015				2014	2013
Unobservable inputs	Range					Range
Average selling price	$158,000		-	$1,300,000	$164,000	$163,000	-	$279,000
Absorption rate per quarter (homes)	3		-	16	12	2	-	34
Discount rate	12	%	-	20%	20%	20%

Schedule Of Interest Expense

Interest expense was included in cost of homes sold, cost of land sold and other interest expense as follows:

	Years Ended November 30,
(In thousands)	2015		2014	2013
Interest expense in cost of homes sold	$	205,200	161,371	117,781
Interest expense in cost of land sold	2,493		3,617	2,562
Other interest expense	12,454		36,551	93,913
Total interest expense	$	220,147	201,539	214,256

Schedule Of Warranty Reserve

The activity in the Company’s warranty reserve was as follows:

	November 30,
(In thousands)	2015			2014
Warranty reserve, beginning of year	$	115,927		102,580
Warranties issued	81,505			60,856
Adjustments to pre-existing warranties from changes in estimates (1)	11,451			12,685
Payments	(78,030		)	(60,194	)
Warranty reserve, end of year	$	130,853		115,927

(1) The adjustments to pre-existing warranties from changes in estimates during the years ended November 30, 2015 and 2014 primarily related to specific claims related to certain of our homebuilding communities and other adjustments.

Lennar Financial Services [Member]

Financing Receivable, Impaired [Line Items]

Loan Origination Liabilities

The activity in the Company’s loan origination liabilities was as follows:

	November 30,
(In thousands)	2015			2014
Loan origination liabilities, beginning of year	$	11,818		9,311
Provision for losses	4,040			2,908
Adjustments to pre-existing provisions for losses from changes in estimates (1)	4,415			—
Payments/settlements	(781		)	(401	)
Loan origination liabilities, end of year	$	19,492		11,818

(1) Provision for losses included an adjustment for additional repurchase requests that were received beyond the estimated provision that was recorded.