Computation of Earnings to Fixed Charges
(Dollars in thousands)

		Three Months Ended								Fiscal Years Ended November 30,
		February 29,				February 28,
		2004				2003				2003				2002				2001				2000				1999
Earnings from continuing operations:
Pre-tax earnings from continuing operations		$	223,698				170,792				1,207,054				875,709				679,423				375,635				285,477
Adjustments to pre-tax earnings from continuing operations:
Fixed charges			38,423				40,361				161,165				157,552				156,885				142,654				73,020
Interest capitalized			(31,417	)			(31,750	)			(129,517	)			(126,762	)			(127,544	)			(117,444	)			(54,792	)
Adjustment for undistributed earnings and losses of unconsolidated 50% or less owned entities			4,809				(618	)			4,670				1,107				1,423				6,928				(8,197	)
Previously capitalized interest amortized			25,363				30,202				141,347				145,567				119,503				98,601				49,011
“Earnings”		$	260,876				208,987				1,384,719				1,053,173				829,690				506,374				344,519
Fixed Charges:
Interest incurred		$	32,284				35,655				140,114				139,223				142,772				130,458				64,908
Interest component of rent expense			6,139				4,706				21,051				18,329				14,113				12,196				8,112
“Fixed Charges”		$	38,423				40,361				161,165				157,552				156,885				142,654				73,020
Earnings to Fixed Charges			6.8				5.2				8.6				6.7				5.3				3.5				4.7