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Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
 9 Months Ended
Aug. 31, 2013
Aug. 31, 2012
Cash flows from operating activities:    
Net loss $ 11,847 $ (66,677)
Adjustments to reconcile net loss to net cash used in operating activities:    
Equity in income (loss) of unconsolidated joint venture 577 (2,171)
Distributions of earnings from unconsolidated joint ventures 1,638 3,316
Amortization of discounts and issuance costs 3,811 2,150
Depreciation and amortization 1,405 1,147
Provision for deferred income taxes 0 1,152
Loss on early extinguishment of debt 0 10,278
Stock-based compensation 3,596 4,684
Inventory impairments and land option contract abandonments 284 22,912
Change in assets and liabilities:    
Receivables (7,001) (4,502)
Inventories (491,002) (10,562)
Accounts payable, accrued expenses and other liabilities 72,315 (31,266)
Other, net 1,071 (6,261)
Net cash used in operating activities (401,459) (75,800)
Cash flows from investing activities:    
Return of investments in (contributions to) unconsolidated joint ventures (10,056) 2,865
Purchases of property and equipment, net (1,359) (1,052)
Net cash provided by (used in) investing activities (11,415) 1,813
Cash flows from financing activities:    
Change in restricted cash 731 18,368
Proceeds from issuance of debt 230,000 694,831
Payment of debt issuance costs (10,086) (12,195)
Repayment of senior notes 0 (592,645)
Payments on mortgages and land contracts due to land sellers and other loans (44,405) (21,099)
Proceeds from issuance of common stock, net 109,503 0
Issuance of common stock under employee stock plans 2,147 451
Payments of cash dividends (6,272) (8,674)
Stock repurchases (7,967) 0
Net cash provided by (used in) financing activities 273,651 79,037
Net increase (decrease) in cash and cash equivalents (139,223) 5,050
Cash and cash equivalents at beginning of period 525,688 418,074
Cash and cash equivalents at end of period $ 386,465 $ 423,124