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Product Warranty
 3 Months Ended
Feb. 28, 2017
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
 
February 28,
 
February 29,
(In thousands)
2017
 
2016
Warranty reserve, beginning of period
$
135,403

 
130,853

Warranties issued
20,720

 
17,573

Adjustments to pre-existing warranties from changes in estimates (1)
2,346

 
(620
)
Warranties assumed related to the WCI acquisition
6,345

 
—

Payments
(25,827
)
 
(23,073
)
Warranty reserve, end of period
$
138,987

 
124,733


(1)
The adjustments to pre-existing warranties from changes in estimates during both the three months ended February 28, 2017 and February 29, 2016 primarily related to specific claims related to certain of our homebuilding communities and other adjustments.