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Product Warranty
 9 Months Ended
Aug. 31, 2016
Product Warranties Disclosures [Abstract]  
Product Warranty Product Warranty
Warranty and similar reserves for homes are established at an amount estimated to be adequate to cover potential costs for materials and labor with regard to warranty-type claims expected to be incurred subsequent to the delivery of a home. Reserves are determined based on historical data and trends with respect to similar product types and geographical areas. The Company regularly monitors the warranty reserve and makes adjustments to its pre-existing warranties in order to reflect changes in trends and historical data as information becomes available. Warranty reserves are included in Lennar Homebuilding other liabilities in the condensed consolidated balance sheets. The activity in the Company’s warranty reserve was as follows:
 
Three Months Ended
 
Nine Months Ended
 
August 31,
 
August 31,
(In thousands)
2016
 
2015
 
2016
 
2015
Warranty reserve, beginning of period
$
127,159

 
119,610

 
130,853

 
115,927

Warranties issued
25,382

 
21,873

 
67,952

 
55,665

Adjustments to pre-existing warranties from changes in estimates (1)
4,982

 
(111
)
 
4,247

 
5,273

Payments
(23,984
)
 
(21,676
)
 
(69,513
)
 
(57,169
)
Warranty reserve, end of period
$
133,539

 
119,696

 
133,539

 
119,696


(1)
The adjustments to pre-existing warranties from changes in estimates during both the three and nine months ended August 31, 2016 and 2015 primarily related to specific claims related to certain of our homebuilding communities and other adjustments.