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Inventories (Tables) | 12 Months Ended
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Nov. 30, 2019
Inventory Disclosure [Abstract] |
Inventories | Inventories consisted of the following (in thousands):
| November 30,
| 2019 |  | 2018
Homes completed or under construction | $ | 1,340,412 |  |  | $ | 1,125,152 |
Land under development | 2,213,713 |  |  | 2,219,936 |
Land held for future development or sale (a) | 150,477 |  |  | 237,751 |
Total | $ | 3,704,602 |  |  | $ | 3,582,839 |
(a) Land held for sale totaled $19.3 million at November 30, 2019 and $9.8 million at November 30, 2018.
Interest costs | Our interest costs were as follows (in thousands):
| Years Ended November 30,
| 2019 |  | 2018 |  | 2017
Capitalized interest at beginning of year | $ | 209,129 |  |  | $ | 262,191 |  |  | $ | 306,723 |
Interest incurred | 143,412 |  |  | 149,698 |  |  | 171,486 |
Interest expensed | — |  |  | — |  |  | (622 | )
Interest amortized to construction and land costs (a) | (156,803 | ) |  | (202,760 | ) |  | (215,396 | )
Capitalized interest at end of year (b) | $ | 195,738 |  |  | $ | 209,129 |  |  | $ | 262,191 |
(a) | Interest amortized to construction and land costs for the years ended November 30, 2019, 2018 and 2017 included $.7 million $4.8 million and $4.9 million, respectively, related to land sales during the periods.
(b) Capitalized interest amounts reflect the gross amount of capitalized interest, as inventory impairment charges recognized, if any, are not generally allocated to specific components of inventory.

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