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Inventories (Tables) | 9 Months Ended
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Aug. 31, 2022
Inventory Disclosure [Abstract] |
Schedule of Inventories | Inventories consisted of the following (in thousands):
| August 31, 2022 |  | November 30, 2021
Homes completed or under construction | $ | 2,696,548 |  |  | $ | 2,103,038 |
Land under development | 3,040,154 |  |  | 2,699,791 |
Total | $ | 5,736,702 |  |  | $ | 4,802,829 |
Land under development at August 31, 2022 and November 30, 2021 included land held for future development or sale of $53.3 million and $45.2 million, respectively
Schedule of Capitalized Interest Costs | Our interest costs were as follows (in thousands):
| Three Months Ended August 31, |  | Nine Months Ended August 31,
| 2022 |  | 2021 |  | 2022 |  | 2021
Capitalized interest at beginning of period | $ | 154,665 |  |  | $ | 180,065 |  |  | $ | 161,119 |  |  | $ | 190,113 |
Interest incurred | 31,778 |  |  | 29,605 |  |  | 89,102 |  |  | 91,807 |
Interest amortized to construction and land costs (a) | (35,979) |  |  | (37,544) |  |  | (99,757) |  |  | (109,794) |
Capitalized interest at end of period | $ | 150,464 |  |  | $ | 172,126 |  |  | $ | 150,464 |  |  | $ | 172,126 |
(a)For the nine months ended August 31, 2021, interest amortized to construction and land costs included a nominal amount related to land sales during the period.

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