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Inventories (Tables)
 3 Months Ended
Feb. 28, 2014
Inventory Disclosure [Abstract]  
Schedule of Inventories
Inventories consisted of the following (in thousands):
 
 
February 28, 2014
 
November 30, 2013
Homes under construction
 
$
633,396

 
$
586,439

Land under development
 
1,363,340

 
1,066,916

Land held for future development
 
638,208

 
645,222

Total
 
$
2,634,944

 
$
2,298,577
Schedule of Capitalized Interest Costs
Our interest costs are as follows (in thousands):
 
 
Three Months Ended February 28,
 
 
2014
 
2013
Capitalized interest at beginning of period
 
$
216,681

 
$
217,684

Interest incurred
 
39,280

 
33,422

Interest expensed
 
(11,276
)
 
(15,240
)
Interest amortized to construction and land costs
 
(17,485
)
 
(18,705
)
Capitalized interest at end of period (a)
 
$
227,200

 
$
217,161


(a)
Inventory impairment charges are recognized against all inventory costs of a community, such as land acquisition, land development, cost of home construction and capitalized interest. Capitalized interest amounts presented in the table reflect the gross amount of capitalized interest as impairment charges recognized are not generally allocated to specific components of inventory.