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Inventories (Tables) | 3 Months Ended
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Feb. 28, 2022
Inventory Disclosure [Abstract] |
Schedule of Inventories | Inventories consisted of the following (in thousands):
| February 28, 2022 |  | November 30, 2021
Homes completed or under construction | $ | 2,369,054 |  |  | $ | 2,103,038 |
Land under development | 2,828,779 |  |  | 2,699,791 |
Total | $ | 5,197,833 |  |  | $ | 4,802,829 |
Land under development at February 28, 2022 and November 30, 2021 included land held for future development or sale of $52.9 million and $45.2 million, respectively
Schedule of Capitalized Interest Costs | Our interest costs were as follows (in thousands):
| Three Months Ended February 28, |  |
| 2022 |  | 2021 |  |  |  |
Capitalized interest at beginning of period | $ | 161,119 |  |  | $ | 190,113 |  |  |  |  |
Interest incurred | 28,303 |  |  | 31,092 |  |  |  |  |
Interest amortized to construction and land costs (a) | (29,773) |  |  | (32,650) |  |  |  |  |
Capitalized interest at end of period | $ | 159,649 |  |  | $ | 188,555 |  |  |  |  |
(a)For the three months ended February 28, 2021, interest amortized to construction and land costs included a nominal amount related to land sales during the period.

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