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Homebuilding Senior Notes and Other Debts Payable (Tables) | 3 Months Ended
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Feb. 28, 2023
Debt Disclosure [Abstract] |
Schedule of Senior Notes and Other Debts Payable |
(Dollars in thousands) | February 28, 2023 |  | November 30, 2022
4.875% senior notes due December 2023 | $ | 399,369 |  |  | 399,169 |
4.50% senior notes due 2024 | 649,156 |  |  | 648,975 |
5.875% senior notes due 2024 | 432,961 |  |  | 434,128 |
4.75% senior notes due 2025 | 499,003 |  |  | 498,892 |
5.25% senior notes due 2026 | 403,953 |  |  | 404,257 |
5.00% senior notes due 2027 | 351,645 |  |  | 351,741 |
4.75% senior notes due 2027 | 896,446 |  |  | 896,259 |
Mortgage notes on land and other debt | 400,802 |  |  | 413,873 |
| $ | 4,033,335 |  |  | 4,047,294 |
Schedule of Letter of Credit Facilities | At February 28, 2023, 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: |
May 2023 | $ | 200,000 |
August 2023 | 600,000 |
December 2023 | 500,000 |
Total - Residential facilities | $ | 1,300,000 |
LMF Commercial facilities maturing |
July 2023 | $ | 50,000 |
November 2023 | 100,000 |
December 2023 | 400,000 |
Total - LMF Commercial facilities | $ | 550,000 |
Total | $ | 1,850,000 |
Borrowings and collateral under the facilities and their prior year predecessors were as follows:
(In thousands) | February 28, 2023 |  | November 30, 2022
Borrowings under the residential facilities | $ | 1,028,283 |  |  | 1,877,411 |
Collateral under the residential facilities | 1,064,394 |  |  | 1,950,155 |
Borrowings under the LMF Commercial facilities | 11,397 |  |  | 124,399 |
The maximum available borrowings on the Company's unsecured revolving credit facility (the "Credit Facility") were as follows:
(In thousands) |  | February 28, 2023
Commitment - maturing in April 2024 |  | $ | 350,000 |
Commitment - maturing in May 2027 |  | 2,225,000 |
Total commitment |  | $ | 2,575,000 |
Accordion feature |  | 425,000 |
Total maximum borrowings capacity |  | $ | 3,000,000 |
The Company's outstanding performance letters of credit and surety bonds are disclosed below:
(In thousands) |  | February 28, 2023 |  | November 30, 2022
Performance letters of credit |  | $ | 1,236,516 |  |  | 1,259,033 |
Financial letters of credit |  | 457,117 |  |  | 503,659 |
Surety bonds |  | 4,166,287 |  |  | 4,136,715 |
Anticipated future costs primarily for site improvements related to performance surety bonds |  | 2,288,199 |  |  | 2,273,694 |

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