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Homebuilding Senior Notes and Other Debts Payable (Tables)
 6 Months Ended
May 31, 2022
Debt Disclosure [Abstract]  
Schedule of Senior Notes and Other Debts Payable
(Dollars in thousands)May 31, 2022November 30, 2021
4.75% senior notes due 2022
$574,503 573,840 
4.875% senior notes due December 2023
398,769 398,345 
4.50% senior notes due 2024
648,613 648,253 
5.875% senior notes due 2024
436,463 438,810 
4.75% senior notes due 2025
498,670 498,446 
5.25% senior notes due 2026
404,865 405,497 
5.00% senior notes due 2027
351,933 352,124 
4.75% senior notes due 2027
895,884 895,510 
Mortgage notes on land and other debt436,091 441,513 
$4,645,791 4,652,338 
Schedule of Letter of Credit Facilities
At May 31, 2022, the Financial Services warehouse facilities were all 364-day repurchase facilities and were used to fund residential mortgages or commercial mortgages for LMF Commercial as follows:
(In thousands)Maximum Aggregate Commitment
Residential facilities maturing:
July 2022$400,000 
October 2022200,000 
December 2022700,000 
May 2023200,000 
Total - Residential facilities
$1,500,000 
LMF Commercial facilities maturing
November 2022$100,000 
December 2022400,000 
July 202350,000 
Total - LMF Commercial facilities
$550,000 
Total
$2,050,000 
Borrowings and collateral under the facilities and their prior year predecessors were as follows:
(In thousands)May 31, 2022November 30, 2021
Borrowings under the residential facilities$1,112,431 1,482,258 
Collateral under the residential facilities
1,161,654 1,539,641 
Borrowings under the LMF Commercial facilities
63,902 96,294 
The Company's outstanding performance letters of credit and surety bonds are described below:
(In thousands)May 31, 2022November 30, 2021
Performance letters of credit$1,035,057 924,584 
Financial letters of credit580,342 425,843 
Surety bonds3,844,507 3,553,047 
Anticipated future costs primarily for site improvements related to performance surety bonds1,981,973 1,690,861