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Inventories (Tables) | 6 Months Ended
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May 31, 2025
Inventory Disclosure [Abstract] |
Schedule of Inventories | Inventories consisted of the following (in thousands):
| May 31, 2025 |  | November 30, 2024
Homes completed or under construction | $ | 2,117,671 |  |  | $ | 1,990,113 |
Land under development | 3,795,677 |  |  | 3,537,907 |
Total | $ | 5,913,348 |  |  | $ | 5,528,020 |
Schedule of Capitalized Interest Costs | Our interest costs were as follows (in thousands):
| Three Months Ended May 31, |  | Six Months Ended May 31,
| 2025 |  | 2024 |  | 2025 |  | 2024
Capitalized interest at beginning of period | $ | 125,356 |  |  | $ | 134,377 |  |  | $ | 122,387 |  |  | $ | 134,375 |
Interest incurred | 28,626 |  |  | 26,577 |  |  | 55,018 |  |  | 53,082 |
Interest amortized to construction and land costs (a) | (25,306) |  |  | (29,189) |  |  | (48,729) |  |  | (55,692) |
Capitalized interest at end of period | $ | 128,676 |  |  | $ | 131,765 |  |  | $ | 128,676 |  |  | $ | 131,765 |
(a)Interest amortized to construction and land costs for the six months ended May 31, 2024 included a nominal amount related to land sales during the period.

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