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Homebuilding Senior Notes and Other Debts Payable (Tables)

9 Months Ended

Aug. 31, 2022

Debt Disclosure [Abstract]

Schedule of Senior Notes and Other Debts Payable

(Dollars in thousands)			August 31, 2022						November 30, 2021
4.875% senior notes due December 2023			$	398,969					398,345
4.50% senior notes due 2024			648,794						648,253
5.875% senior notes due 2024			435,296						438,810
4.75% senior notes due 2025			498,781						498,446
5.25% senior notes due 2026			404,561						405,497
5.00% senior notes due 2027			351,837						352,124
4.75% senior notes due 2027			896,071						895,510
4.75% senior notes due 2022			—						573,840
Mortgage notes on land and other debt			423,187						441,513
			$	4,057,496					4,652,338

Schedule of Letter of Credit Facilities

At August 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:
October 2022			$	200,000
December 2022			500,000
May 2023			200,000
August 2023			1,000,000
Total - Residential facilities			$	1,900,000
LMF Commercial facilities maturing
November 2022			$	100,000
December 2022			400,000
July 2023			50,000
Total - LMF Commercial facilities			$	550,000
Total			$	2,450,000

Borrowings and collateral under the facilities and their prior year predecessors were as follows:

(In thousands)			August 31, 2022						November 30, 2021
Borrowings under the residential facilities			$	1,289,260					1,482,258
Collateral under the residential facilities			1,343,967						1,539,641
Borrowings under the LMF Commercial facilities			57,740						96,294

The Company's outstanding performance letters of credit and surety bonds are disclosed below:

(In thousands)						August 31, 2022						November 30, 2021
Performance letters of credit						$	1,148,595					924,584
Financial letters of credit						547,210						425,843
Surety bonds						3,894,416						3,553,047
Anticipated future costs primarily for site improvements related to performance surety bonds						2,023,081						1,690,861

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