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Inventories (Tables)
6 Months Ended
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 development3,795,677 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,
 2025202420252024
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.