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Inventories (Tables) | 9 Months Ended
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Aug. 31, 2023
Inventory Disclosure [Abstract] |
Schedule of Inventories | Inventories consisted of the following (in thousands):
| August 31, 2023 |  | November 30, 2022
Homes completed or under construction | $ | 2,228,400 |  |  | $ | 2,414,675 |
Land under development | 2,957,475 |  |  | 3,128,501 |
Total | $ | 5,185,875 |  |  | $ | 5,543,176 |
Schedule of Capitalized Interest Costs | Our interest costs were as follows (in thousands):
| Three Months Ended August 31, |  | Nine Months Ended August 31,
| 2023 |  | 2022 |  | 2023 |  | 2022
Capitalized interest at beginning of period | $ | 141,225 |  |  | $ | 154,665 |  |  | $ | 145,494 |  |  | $ | 161,119 |
Interest incurred | 26,810 |  |  | 31,778 |  |  | 80,609 |  |  | 89,102 |
Interest amortized to construction and land costs (a) | (29,305) |  |  | (35,979) |  |  | (87,373) |  |  | (99,757) |
Capitalized interest at end of period | $ | 138,730 |  |  | $ | 150,464 |  |  | $ | 138,730 |  |  | $ | 150,464 |
(a) Interest amortized to construction and land costs for the three months and nine months ended August 31, 2023 included nominal amounts related to land sales during the periods.

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