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Variable Interest Entities (Narrative) (Details)
$ in Thousands
 6 Months Ended 12 Months Ended
Nov. 30, 2024
USD ($)
project
Nov. 30, 2024
USD ($)
Dec. 31, 2023
ft²
Nov. 30, 2023
USD ($)
project
Variable Interest Entity [Line Items]        
Assets [1] $ 41,312,781 $ 41,312,781   $ 39,234,303
Liabilities [2] 13,291,556 13,291,556   12,532,337
Letters of credit outstanding 2,400,000 2,400,000    
Headquarters        
Variable Interest Entity [Line Items]        
Area of Real Estate Property | ft²     213,200  
Corporate Joint Venture        
Variable Interest Entity [Line Items]        
Assets 3,600 3,600    
Liabilities 3,200 3,200    
Variable Interest Entity, Primary Beneficiary        
Variable Interest Entity [Line Items]        
Assets 3,700,000 3,700,000   1,900,000
Liabilities 2,700,000 2,700,000   1,200,000
Variable Interest Entity, Not Primary Beneficiary        
Variable Interest Entity [Line Items]        
Assets 1,193,963 1,193,963   1,240,627
Consolidated inventory not owned 2,800,000 2,800,000    
Land under Purchase Options, Not Recorded 1,200,000 1,200,000    
Land under Purchase Options, Matured   1,500,000    
Homebuilding        
Variable Interest Entity [Line Items]        
Assets [1] 35,594,469 35,594,469   33,628,392
Liabilities [2] 10,863,209 10,863,209   9,727,994
Deposits and pre-acquisition costs on real estate 3,625,372 3,625,372   2,002,154
Liabilities related to consolidated inventory not owned [2] 3,563,934 3,563,934   2,540,894
Consolidated inventory not owned [1] 4,084,665 4,084,665   2,992,528
Homebuilding | Land Bank        
Variable Interest Entity [Line Items]        
Deposits and pre-acquisition costs on real estate 1,400,000 1,400,000    
Liabilities related to consolidated inventory not owned 560,000 560,000    
Consolidated inventory not owned 726,500 726,500    
Homebuilding | Variable Interest Entity, Primary Beneficiary        
Variable Interest Entity [Line Items]        
Liabilities related to consolidated inventory not owned 2,600,000 2,600,000   1,100,000
Consolidated inventory not owned 2,800,000 2,800,000   1,200,000
Homebuilding | Variable Interest Entity, Not Primary Beneficiary        
Variable Interest Entity [Line Items]        
Assets 802,901 802,901   659,224
Multifamily        
Variable Interest Entity [Line Items]        
Assets [1] 1,306,818 1,306,818   1,381,513
Liabilities [2] $ 181,883 181,883   $ 278,177
Multifamily | LMV I        
Variable Interest Entity [Line Items]        
Number of Projects | project       38
Number Of Projects Sold | project 33      
Gain (Loss) on Disposition of Assets $ 211,500      
Proceeds from Sales of Assets, Investing Activities 199,500      
Multifamily | Variable Interest Entity, Primary Beneficiary        
Variable Interest Entity [Line Items]        
Assets 33,900 33,900   $ 32,600
Liabilities 1,000 1,000   4,100
Multifamily | Variable Interest Entity, Not Primary Beneficiary        
Variable Interest Entity [Line Items]        
Assets 136,158 136,158   384,718
Financial Services        
Variable Interest Entity [Line Items]        
Assets [1] 3,516,550 3,516,550   3,566,546
Liabilities [2] 2,140,708 2,140,708   2,447,039
Financial Services | Variable Interest Entity, Not Primary Beneficiary        
Variable Interest Entity [Line Items]        
Assets $ 135,646 $ 135,646   $ 140,676
[1] Under certain provisions of Accounting Standards Codification ("ASC") Topic 810, Consolidations, ("ASC 810") the Company is required to separately disclose on its consolidated balance sheets the assets of consolidated variable interest entities ("VIEs") that are owned by the consolidated VIEs and liabilities of consolidated VIEs as to which there is no recourse against the Company.
As of November 30, 2024, total assets include $3.7 billion related to consolidated VIEs of which $67.0 million is included in Homebuilding cash and cash equivalents, $6.0 million in Homebuilding receivables, net, $9.7 million in Homebuilding finished homes and construction in progress, $602.9 million in Homebuilding land and land under development, $2.8 billion in Homebuilding consolidated inventory not owned, $71.8 million in Homebuilding deposits and pre-acquisition costs on real estate, $0.3 million in Homebuilding investments in unconsolidated entities, $42.3 million in Homebuilding other assets and $33.9 million in Multifamily assets.
As of November 30, 2023, total assets include $1.9 billion related to consolidated VIEs of which $22.8 million is included in Homebuilding cash and cash equivalents, $1.8 million in Homebuilding receivables, net, $18.3 million in Homebuilding finished homes and construction in progress, $628.0 million in Homebuilding land and land under development, $1.2 billion in Homebuilding consolidated inventory not owned, $55.0 million in Homebuilding deposits and pre-acquisition costs on real estate, $0.3 million in Homebuilding investments in unconsolidated entities, $23.0 million in Homebuilding other assets and $32.6 million in Multifamily assets.
[2] As of November 30, 2024, total liabilities include $2.7 billion related to consolidated VIEs as to which there was no recourse against the Company, of which $67.3 million is included in Homebuilding accounts payable, $2.6 billion in Homebuilding liabilities related to consolidated inventory not owned, $6.0 million in Homebuilding senior notes and other debts payable, net, $45.8 million in Homebuilding other liabilities and $1.0 million in Multifamily liabilities.
As of November 30, 2023, total liabilities include $1.2 billion related to consolidated VIEs as to which there was no recourse against the Company, of which $53.7 million is included in Homebuilding accounts payable, $1.1 billion in Homebuilding liabilities related to consolidated inventory not owned, $38.1 million in Homebuilding other liabilities and $4.1 million in Multifamily liabilities.