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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Nov. 30, 2022
Nov. 30, 2021
Nov. 30, 2020
Cash flows from operating activities:      
Net income $ 816,666 $ 564,746 $ 296,243
Adjustments to reconcile net income to net cash provided by (used in) operating activities:      
Equity in income of unconsolidated joint ventures (19,934) (23,184) (33,628)
Distributions of earnings from unconsolidated joint ventures 11,038 18,511 35,649
Amortization of debt issuance costs and premiums 2,322 2,852 2,498
Depreciation and amortization 32,319 28,640 28,396
Deferred income taxes 16,510 53,767 50,304
Loss on early extinguishment of debt 3,598 5,075 0
Stock-based compensation 29,464 28,904 21,531
Inventory impairments and land option contract abandonments 37,301 11,953 28,669
Changes in assets and liabilities:      
Receivables (19,885) (32,014) 59,257
Inventories (785,557) (897,750) (183,233)
Accounts payable, accrued expenses and other liabilities 53,097 181,625 4,091
Other, net 6,479 19,579 901
Net cash provided by (used in) operating activities 183,418 (37,296) 310,678
Cash flows from investing activities:      
Contributions to unconsolidated joint ventures (28,439) (11,523) (10,373)
Return of investments in unconsolidated joint ventures 1,900 12,838 12,651
Purchases of property and equipment, net (45,234) (39,399) (28,841)
Net cash used in investing activities (71,773) (38,084) (26,563)
Cash flows from financing activities:      
Proceeds from issuance of debt 350,000 390,000 0
Repayment of senior notes (703,598) (455,075) 0
Payment of issuance costs (11,064) (4,813) 0
Borrowings under revolving credit facility 1,685,000 340,000 0
Repayments under revolving credit facility (1,535,000) (340,000) 0
Borrowings under senior unsecured term loan 360,000 0 0
Payments on mortgages and land contracts due to land sellers and other loans (567) (2,250) (24,934)
Issuance of common stock under employee stock plans 0 11,689 16,058
Stock repurchases (150,000) (188,175) 0
Tax payments associated with stock-based compensation awards (15,902) (12,337) (9,503)
Payments of cash dividends (52,452) (54,052) (38,065)
Net cash used in financing activities (73,583) (315,013) (56,444)
Net increase (decrease) in cash and cash equivalents 38,062 (390,393) 227,671
Cash and cash equivalents at beginning of year 292,136 682,529 454,858
Cash and cash equivalents at end of year $ 330,198 $ 292,136 $ 682,529