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Inventories (Tables) | 6 Months Ended
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May 31, 2022
Inventory Disclosure [Abstract] |
Schedule of Inventories | Inventories consisted of the following (in thousands):
| May 31, 2022 |  | November 30, 2021
Homes completed or under construction | $ | 2,650,644 |  |  | $ | 2,103,038 |
Land under development | 2,907,005 |  |  | 2,699,791 |
Total | $ | 5,557,649 |  |  | $ | 4,802,829 |
Land under development at May 31, 2022 and November 30, 2021 included land held for future development or sale of $54.8 million and $45.2 million, respectively
Schedule of Capitalized Interest Costs | Our interest costs were as follows (in thousands):
| Three Months Ended May 31, |  | Six Months Ended May 31,
| 2022 |  | 2021 |  | 2022 |  | 2021
Capitalized interest at beginning of period | $ | 159,649 |  |  | $ | 188,555 |  |  | $ | 161,119 |  |  | $ | 190,113 |
Interest incurred | 29,021 |  |  | 31,110 |  |  | 57,324 |  |  | 62,202 |
Interest amortized to construction and land costs (a) | (34,005) |  |  | (39,600) |  |  | (63,778) |  |  | (72,250) |
Capitalized interest at end of period | $ | 154,665 |  |  | $ | 180,065 |  |  | $ | 154,665 |  |  | $ | 180,065 |
(a)For the six months ended May 31, 2021, interest amortized to construction and land costs included a nominal amount related to land sales during the period.

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