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Investments in Unconsolidated Joint Ventures (Financial Information for Unconsolidated Joint Ventures) (Details)
$ in Thousands
3 Months Ended 9 Months Ended
Aug. 31, 2024
USD ($)
joint_venture
Aug. 31, 2023
USD ($)
Aug. 31, 2024
USD ($)
joint_venture
Aug. 31, 2023
USD ($)
Apr. 30, 2025
USD ($)
Oct. 31, 2024
USD ($)
May 31, 2024
USD ($)
Apr. 30, 2024
USD ($)
Mar. 31, 2024
USD ($)
Nov. 30, 2023
USD ($)
joint_venture
May 31, 2023
USD ($)
Nov. 30, 2022
USD ($)
Schedule of Equity Method Investments [Line Items]                        
Number of investments in unconsolidated joint ventures | joint_venture 6   6             6    
Statements of operations of unconsolidated joint venture                        
Net income $ 157,329 $ 149,933 $ 464,413 $ 439,875                
Assets                        
Total assets 6,839,880   6,839,880             $ 6,648,362    
Liabilities and equity                        
Equity 3,987,094 3,830,128 3,987,094 3,830,128     $ 3,991,704     3,810,140 $ 3,766,482 $ 3,660,795
Total liabilities and stockholders’ equity $ 6,839,880   $ 6,839,880             $ 6,648,362    
Number of joint ventures with funding commitments | joint_venture 1   1             1    
Number of other unconsolidated joint ventures with outstanding debt | joint_venture 0   0             0    
Homebuilding                        
Assets                        
Cash and cash equivalents $ 374,911   $ 374,911             $ 727,076    
Other assets 113,675   113,675             96,987    
Total assets 6,777,101   6,777,101             6,591,483    
Financial services                        
Assets                        
Cash and cash equivalents 782   782             266    
Other assets [1] 38,599   38,599             34,476    
Total assets 62,779   62,779             56,879    
Financial services | Interest Rate Lock Commitments                        
Liabilities and equity                        
Derivative asset, notional amount 17,600   17,600             13,900    
Change in fair value included in gain (loss) on sale of mortgage loans held for sale (400) (5,200) $ 3,800 (9,400)                
Equity Method Investment, Nonconsolidated Investee or Group of Investees | Unsecured revolving credit facility                        
Liabilities and equity                        
Line of credit facility, current borrowing capacity               $ 70,000 $ 62,000      
Unsecured revolving credit facility, expiration date     Apr. 19, 2026                  
Equity Method Investment, Nonconsolidated Investee or Group of Investees | Unsecured revolving credit facility | Term Loan Commitment | Forecast                        
Liabilities and equity                        
Debt instrument, face amount         $ 25,000 $ 55,000            
Equity Method Investment, Nonconsolidated Investee or Group of Investees | Unsecured revolving credit facility | Max | Forecast                        
Liabilities and equity                        
Line of credit facility, current borrowing capacity           $ 80,000            
Equity Method Investment, Nonconsolidated Investee or Group of Investees | Homebuilding                        
Statements of operations of unconsolidated joint venture                        
Revenues 32,241 0 $ 37,539 1,171                
Construction and land costs (23,580) 0 (27,404) (686)                
Other expense, net (1,694) (193) (3,541) (2,603)                
Net income 6,967 (193) 6,594 (2,118)                
Assets                        
Cash 15,860   15,860             16,260    
Receivables 2,894   2,894             3,437    
Inventories 162,392   162,392             152,456    
Other assets 1,174   1,174             679    
Total assets 182,320   182,320             172,832    
Liabilities and equity                        
Accounts payable and other liabilities 7,444   7,444             9,632    
Notes payable [2] 56,361   56,361             53,386    
Equity 118,515   118,515             109,814    
Total liabilities and stockholders’ equity 182,320   182,320             172,832    
Equity Method Investment, Nonconsolidated Investee or Group of Investees | Financial services                        
Statements of operations of unconsolidated joint venture                        
Revenues 31,615 26,000 93,485 74,640                
Other expense, net (19,751) (17,701) (54,641) (52,325)                
Net income 11,864 $ 8,299 38,844 $ 22,315                
Assets                        
Cash and cash equivalents 25,517   25,517             29,163    
Mortgage loans held for sale 192,267   192,267             164,252    
Other assets 22,598   22,598             18,380    
Total assets 240,382   240,382             211,795    
Liabilities and equity                        
Accounts payable and other liabilities 15,024   15,024             13,763    
Funding facilities 185,872   185,872             159,324    
Equity 39,486   39,486             38,708    
Total liabilities and stockholders’ equity $ 240,382   $ 240,382             $ 211,795    
[1] Other assets at August 31, 2024 and November 30, 2023 included $38.5 million and $34.4 million, respectively, of contract assets for estimated future renewal commissions.
[2] As of both August 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. Principal repayments are made as homes are delivered, which began in May 2024. Pursuant to the amendment, the revolving line of credit will convert to a term loan and the aggregate commitment will be reduced to $55.0 million effective October 31, 2024, and then to $25.0 million by April 30, 2025. 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 August 31, 2024 or November 30, 2023