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Investments in Unconsolidated Joint Ventures (Tables)
6 Months Ended
May 31, 2024
Homebuilding  
Schedule of Equity Method Investments [Line Items]  
Schedule of Statements of operations of unconsolidated joint ventures The following table presents combined condensed information from the statements of operations for our homebuilding unconsolidated joint ventures (in thousands):
 Three Months Ended May 31,Six Months Ended May 31,
 2024202320242023
Revenues$5,298 $1,171 $5,298 $1,171 
Construction and land costs(3,824)(683)(3,824)(686)
Other expense, net(993)(960)(1,847)(2,410)
Income (loss)
$481 $(472)$(373)$(1,925)
Schedule of Balance sheets of unconsolidated joint ventures
The following table presents combined condensed balance sheet information for our homebuilding unconsolidated joint ventures (in thousands):
May 31,
2024
November 30,
2023
Assets
Cash $15,778 $16,260 
Receivables
2,765 3,437 
Inventories
172,354 152,456 
Other assets
1,296 679 
Total assets$192,193 $172,832 
Liabilities and equity
Accounts payable and other liabilities$8,062 $9,632 
Notes payable (a)64,909 53,386 
Equity119,222 109,814 
Total liabilities and equity$192,193 $172,832 
(a)    As of both May 31, 2024 and November 30, 2023, one of our unconsolidated joint ventures had borrowings outstanding under a revolving line of credit it entered into with a third-party lender in April 2022 to finance its land acquisition, development and construction activities. In April 2024, the revolving line of credit was amended, increasing the aggregate commitment to $70.0 million from $62.0 million, with the amount of all advances through October 2024 not to exceed $80.0 million. Borrowings under the line of credit are secured by the underlying property and related project assets. The line of credit is scheduled to mature on April 19, 2026, unless extended or terminated pursuant to its applicable terms. None of our other unconsolidated joint ventures had outstanding debt at May 31, 2024 or November 30, 2023.
Financial services  
Schedule of Equity Method Investments [Line Items]  
Schedule of Statements of operations of unconsolidated joint ventures The following table presents combined condensed information from the statements of operations for our financial services unconsolidated joint venture (in thousands):
 Three Months Ended May 31,Six Months Ended May 31,
 2024202320242023
Revenues$31,458 $28,450 $61,870 $48,640 
Expenses(18,589)(17,599)(34,890)(34,624)
Income$12,869 $10,851 $26,980 $14,016 
Schedule of Balance sheets of unconsolidated joint ventures
The following table presents combined condensed balance sheet information for our financial services unconsolidated joint venture (in thousands):
May 31,
2024
November 30,
2023
Assets
Cash and cash equivalents$40,364 $29,163 
Mortgage loans held for sale125,353 164,252 
Other assets21,086 18,380 
Total assets$186,803 $211,795 
Liabilities and equity
Accounts payable and other liabilities$12,714 $13,763 
Funding facilities121,467 159,324 
Equity52,622 38,708 
Total liabilities and equity$186,803 $211,795