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Inventories (Tables) | 9 Months Ended
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Aug. 31, 2020
Inventory Disclosure [Abstract] |
Schedule of Inventories | Inventories consisted of the following (in thousands):
| August 31, 2020 |  | November 30, 2019
Homes completed or under construction | $ | 1,316,467 |  |  | $ | 1,340,412 |
Land under development | 2,234,992 |  |  | 2,213,713 |
Land held for future development or sale (a) | 119,670 |  |  | 150,477 |
Total | $ | 3,671,129 |  |  | $ | 3,704,602 |
(a) Land held for sale totaled $1.3 million at August 31, 2020 and $19.3 million at November 30, 2019
Schedule of Capitalized Interest Costs | Our interest costs were as follows (in thousands):
| Three Months Ended August 31, |  | Nine Months Ended August 31,
| 2020 |  | 2019 |  | 2020 |  | 2019
Capitalized interest at beginning of period | $ | 194,434 |  |  | $ | 212,160 |  |  | $ | 195,738 |  |  | $ | 209,129 |
Interest incurred | 31,054 |  |  | 36,024 |  |  | 93,071 |  |  | 107,356 |
Interest amortized to construction and land costs (a) | (30,628 | ) |  | (38,558 | ) |  | (93,949 | ) |  | (106,859 | )
Capitalized interest at end of period (b) | $ | 194,860 |  |  | $ | 209,626 |  |  | $ | 194,860 |  |  | $ | 209,626 |
(a) | Interest amortized to construction and land costs for the three months and nine months ended August 31, 2020 included $.4 million related to land sales during the periods. Interest amortized to construction and land costs for the nine months ended August 31, 2019 included $.6 million related to land sales during the period. There was no such interest amortized for the three months ended August 31, 2019.
(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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- Definition Tabular disclosure of the carrying amount as of the balance sheet date of merchandise, goods, commodities, or supplies held for future sale or to be used in manufacturing, servicing or production process. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(6)(c)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(6)(b)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(6)(a)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6361739&loc=d3e7789-107766 + Details
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