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v3.25.2

Homebuilding Senior Notes and Other Debts Payable (Schedule of Senior Notes and Other Debts Payable) (Details) - Homebuilding - USD ($) $ in Thousands | Aug. 31, 2025 | Nov. 30, 2024
--- | --- | ---
Debt Instrument [Line Items] |  |  |
Senior notes and other debts payable, net | [1] | $ 3,523,766 | $ 2,258,283
Senior Notes | 5.25% senior notes due 2026 |  |  |
Debt Instrument [Line Items] |  |  |
Interest rate (percent) |  | 5.25% |
Senior notes and other debts payable, net |  | $ 400,912 | 401,824
Senior Notes | 5.00% senior notes due 2027 |  |  |
Debt Instrument [Line Items] |  |  |
Interest rate (percent) |  | 5.00% |
Senior notes and other debts payable, net |  | $ 350,686 | 350,974
Senior Notes | 4.75% senior notes due 2027 |  |  |
Debt Instrument [Line Items] |  |  |
Interest rate (percent) |  | 4.75% |
Senior notes and other debts payable, net |  | $ 698,700 | 698,266
Senior Notes | 5.20% senior notes due 2030 |  |  |
Debt Instrument [Line Items] |  |  |
Interest rate (percent) |  | 5.20% |
Senior notes and other debts payable, net |  | $ 693,853 | 0
Senior Notes | 4.75% senior notes due 2025 |  |  |
Debt Instrument [Line Items] |  |  |
Interest rate (percent) |  | 4.75% |
Senior notes and other debts payable, net |  | $ 0 | 499,779
Mortgage notes on land and other debt |  |  |
Debt Instrument [Line Items] |  |  |
Senior notes and other debts payable, net |  | 239,615 | 307,440
Unsecured Debt | Unsecured revolving credit facility |  |  |
Debt Instrument [Line Items] |  |  |
Senior notes and other debts payable, net |  | $ 1,140,000 | $ 0
[1] | As of August 31, 2025, total liabilities include $1.4 billion related to consolidated VIEs as to which there was no recourse against the Company, of which $39.0 million is included in Homebuilding accounts payable, $1.4 billion in Homebuilding liabilities related to consolidated inventory not owned, $6.0 million in Homebuilding senior notes and other debt payable, $1.3 million in Homebuilding other liabilities, and $1.0 million in Multifamily liabilities. 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.

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