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Consolidated Statements of Cash Flows - USD ($)
 12 Months Ended
Nov. 30, 2016
Nov. 30, 2015
Nov. 30, 2014
Cash flows from operating activities:      
Net income $ 105,615,000 $ 84,643,000 $ 918,349,000
Adjustments to reconcile net income to net cash provided by (used in) operating activities:      
Equity in (income) loss of unconsolidated joint ventures 5,601,000 (2,488,000) (1,427,000)
Distributions of earnings from unconsolidated joint ventures 0 0 364,000
Amortization of discounts and issuance costs 7,576,000 7,738,000 7,124,000
Depreciation and amortization 3,637,000 3,411,000 2,420,000
Deferred income taxes 43,211,000 43,036,000 (825,232,000)
Excess tax benefits from stock-based compensation (186,000) (157,000) 0
Stock-based compensation 16,850,000 17,143,000 9,099,000
Inventory impairments and land option contract abandonments 52,812,000 9,591,000 39,431,000
Changes in assets and liabilities:      
Receivables 18,965,000 9,143,000 (4,998,000)
Inventories (98,321,000) 34,852,000 (780,131,000)
Accounts payable, accrued expenses and other liabilities 32,723,000 (27,615,000) 9,219,000
Other, net 172,000 1,888,000 (4,909,000)
Net cash provided by (used in) operating activities 188,655,000 181,185,000 (630,691,000)
Cash flows from investing activities:      
Contributions to unconsolidated joint ventures (5,602,000) (20,626,000) (49,097,000)
Return of investments in unconsolidated joint ventures 4,307,000 14,000,000 0
Proceeds from sale of investment in unconsolidated joint venture 0 0 10,110,000
Purchases of property and equipment, net (4,784,000) (4,677,000) (5,795,000)
Net cash used in investing activities (6,079,000) (11,303,000) (44,782,000)
Cash flows from financing activities:      
Change in restricted cash 9,344,000 17,891,000 14,671,000
Proceeds from issuance of debt 0 250,000,000 400,000,000
Payment of debt issuance costs 0 (4,561,000) (5,448,000)
Repayment of senior notes 0 (199,906,000) 0
Payments on mortgages and land contracts due to land sellers and other loans (67,845,000) (22,877,000) (36,918,000)
Proceeds from issuance of common stock, net 0 0 137,045,000
Issuance of common stock under employee stock plans 5,343,000 740,000 1,896,000
Excess tax benefits from stock-based compensation 186,000 157,000 0
Payments of cash dividends (8,586,000) (9,186,000) (8,982,000)
Stock repurchases (88,359,000) (567,000) (546,000)
Net cash provided by (used in) financing activities (149,917,000) 31,691,000 501,718,000
Net increase (decrease) in cash and cash equivalents 32,659,000 201,573,000 (173,755,000)
Cash and cash equivalents at beginning of year 560,341,000 358,768,000 532,523,000
Cash and cash equivalents at end of year $ 593,000,000 $ 560,341,000 $ 358,768,000