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Inventories (Tables)
6 Months Ended
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 development2,907,005 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,
 2022202120222021
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.