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Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
 6 Months Ended
May 31, 2012
May 31, 2011
Cash flows from operating activities:    
Net loss $ (69,938) $ (183,030)
Adjustments to reconcile net loss to net cash used in operating activities:    
Equity in (income) loss of unconsolidated joint ventures 226 55,417
Distributions of earnings from unconsolidated joint ventures   6,313
Loss on loan guaranty   37,330
Gain on sale of operating property   (8,825)
Amortization of discounts and issuance costs 1,347 1,108
Depreciation and amortization 781 1,160
Loss (gain) on early extinguishment of debt 2,003 (3,612)
Stock-based compensation expense 3,205 3,775
Inventory impairments and land option contract abandonments 16,509 22,345
Change in assets and liabilities:    
Receivables 16,795 (1,443)
Inventories (16,131) (167,792)
Accounts payable, accrued expenses and other liabilities (40,214) (28,080)
Other, net (4,464) (5,990)
Net cash used in operating activities (89,881) (271,324)
Cash flows from investing activities:    
Return of investment in (contributions to) unconsolidated joint ventures 4,550 (1,919)
Proceeds from sale of operating property   80,600
Purchases of property and equipment, net (592) (108)
Net cash provided by investing activities 3,958 78,573
Cash flows from financing activities:    
Change in restricted cash 1,299 1,514
Proceeds from issuance of senior notes 344,831  
Payment of senior notes issuance costs (6,751)  
Repayment of senior notes (340,481)  
Payments on mortgages and land contracts due to land sellers and other loans (6,695) (80,826)
Issuance of common stock under employee stock plans 353 442
Payments of cash dividends (6,746) (9,613)
Net cash used in financing activities (14,190) (88,483)
Net decrease in cash and cash equivalents (100,113) (281,234)
Cash and cash equivalents at beginning of period 418,074 908,430
Cash and cash equivalents at end of period $ 317,961 $ 627,196