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Commitments and Contingencies (Tables) | 9 Months Ended
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Jul. 31, 2024
Commitments and Contingencies Disclosure [Abstract] |
Company land purchase commitments | Information regarding our land purchase contracts, as of the dates indicated, is provided in the table below (amounts in thousands):
| July 31, 2024 |  | October 31, 2023
Aggregate purchase price: |  |  |
Unrelated parties | $ | 5,239,397 |  |  | $ | 4,191,160 |
Unconsolidated entities that the Company has investments in | 35,731 |  |  | 31,477 |
Total | $ | 5,275,128 |  |  | $ | 4,222,637 |
Deposits against aggregate purchase price | $ | 506,304 |  |  | $ | 449,925 |
Additional cash required to acquire land | 4,768,824 |  |  | 3,772,712 |
Total | $ | 5,275,128 |  |  | $ | 4,222,637 |
Amount of additional cash required to acquire land included in accrued expenses | $ | 433,755 |  |  | $ | 254,030 |
Company mortgage commitments | Information regarding our mortgage commitments, as of the dates indicated, is provided in the table below (amounts in thousands):
| July 31, 2024 |  | October 31, 2023
Aggregate mortgage loan commitments: |  |  |
IRLCs | $ | 296,717 |  |  | $ | 354,716 |
Non-IRLCs | 1,765,688 |  |  | 1,818,486 |
Total | $ | 2,062,405 |  |  | $ | 2,173,202 |
Investor commitments to purchase: |  |  |
IRLCs | $ | 296,717 |  |  | $ | 354,716 |
Mortgage loans held for sale | 127,889 |  |  | 104,703 |
Total | $ | 424,606 |  |  | $ | 459,419 |

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- Definition Tabular disclosure of arrangements in which the entity has agreed to procure goods or services from one or more suppliers. May include identification of the goods or services to be purchased, identity of the seller, pricing, effects on pricing for failing to reach minimum quantities required to be purchased (such as penalties), cancellation rights, and termination provisions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(17)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(25)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 + Details
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