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Investments in Unconsolidated Joint Ventures (Financial Information for Unconsolidated Joint Ventures) (Details)
$ in Thousands
1 Months Ended 3 Months Ended 6 Months Ended
Jan. 31, 2025
USD ($)
Oct. 31, 2024
USD ($)
loanExtensionOption
May 31, 2025
USD ($)
joint_venture
May 31, 2024
USD ($)
May 31, 2025
USD ($)
joint_venture
May 31, 2024
USD ($)
Apr. 19, 2026
USD ($)
Feb. 28, 2026
USD ($)
Aug. 31, 2025
USD ($)
Feb. 28, 2025
USD ($)
Nov. 30, 2024
USD ($)
joint_venture
Feb. 29, 2024
USD ($)
Nov. 30, 2023
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     $ 107,883 $ 168,419 $ 217,440 $ 307,084              
Assets                          
Total assets     7,017,596   7,017,596           $ 6,936,169    
Liabilities and equity                          
Equity     3,990,538 3,991,704 3,990,538 3,991,704       $ 4,092,678 4,060,616 $ 3,882,670 $ 3,810,140
Total liabilities and stockholders’ equity     $ 7,017,596   $ 7,017,596           $ 6,936,169    
Number of other unconsolidated joint ventures with outstanding debt | joint_venture     0   0           0    
Homebuilding                          
Assets                          
Cash and cash equivalents     $ 308,861   $ 308,861           $ 597,973    
Other assets     107,530   107,530           105,920    
Total assets     6,956,165   6,956,165           6,869,246    
Financial services                          
Assets                          
Cash and cash equivalents     2,081   2,081           1,220    
Other assets [1]     38,338   38,338           38,299    
Total assets     61,431   61,431           66,923    
Financial services | Interest Rate Lock Commitments                          
Liabilities and equity                          
Derivative asset, notional amount     12,400   12,400           16,000    
Change in fair value included in gain (loss) on sale of mortgage loans held for sale     (2,100) 1,300 $ (3,600) 4,200              
Equity Method Investment, Nonconsolidated Investee or Group of Investees | Unsecured revolving credit facility                          
Liabilities and equity                          
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                          
Liabilities and equity                          
Debt instrument, face amount $ 60,000 $ 55,000                      
Debt instrument, loan extension period 8 months 6 months                      
Debt instrument, number of loan extension options | loanExtensionOption   2                      
Equity Method Investment, Nonconsolidated Investee or Group of Investees | Unsecured revolving credit facility | Term Loan Commitment | Forecast                          
Liabilities and equity                          
Debt instrument, face amount             $ 28,000 $ 40,000 $ 55,200        
Equity Method Investment, Nonconsolidated Investee or Group of Investees | Homebuilding                          
Statements of operations of unconsolidated joint venture                          
Revenues     14,371 5,298 $ 39,740 5,298              
Construction and land costs     (10,803) (3,824) (29,805) (3,824)              
Other expense, net     (1,355) (993) (2,907) (1,847)              
Net income     2,213 481 7,028 (373)              
Assets                          
Cash     10,200   10,200           18,869    
Receivables     1,666   1,666           2,918    
Inventories     151,328   151,328           158,322    
Other assets     912   912           1,052    
Total assets     164,106   164,106           181,161    
Liabilities and equity                          
Accounts payable and other liabilities     10,407   10,407           8,091    
Notes payable [2]     44,058   44,058           47,300    
Equity     109,641   109,641           125,770    
Total liabilities and stockholders’ equity     164,106   164,106           181,161    
Equity Method Investment, Nonconsolidated Investee or Group of Investees | Financial services                          
Statements of operations of unconsolidated joint venture                          
Revenues     27,349 31,458 52,964 61,870              
Other expense, net     (17,626) (18,589) (34,583) (34,890)              
Net income     9,723 $ 12,869 18,381 $ 26,980              
Assets                          
Cash and cash equivalents [3]     26,293   26,293           31,702    
Mortgage loans held for sale     158,466   158,466           122,828    
Other assets     16,486   16,486           22,815    
Total assets     201,245   201,245           177,345    
Liabilities and equity                          
Accounts payable and other liabilities     13,894   13,894           15,398    
Funding facilities     152,087   152,087           117,953    
Equity     35,264   35,264           43,994    
Total liabilities and stockholders’ equity     201,245   201,245           177,345    
Restricted cash     $ 800   $ 800           $ 1,300    
[1] Other assets at May 31, 2025 and November 30, 2024 included $38.3 million and $38.2 million, respectively, of contract assets for estimated future renewal commissions.
[2] As of both May 31, 2025 and November 30, 2024, the unconsolidated joint venture in California that delivered homes in the three-month and six-month periods ended May 31, 2025 and 2024 had borrowings outstanding under a term loan with a third-party lender to finance its land acquisition, development and construction activities. In January 2025, the loan agreement was amended, increasing the aggregate commitment to $60.0 million from $55.0 million, and providing an eight-month loan extension option to replace the two previous six-month extension options. Pursuant to the amendment, the aggregate commitment will be reduced to $55.2 million on August 31, 2025, and then to $40.0 million on February 28, 2026. This term loan is scheduled to mature on April 19, 2026, unless extended or terminated pursuant to its applicable terms. If the term loan is extended, the aggregate commitment would be reduced to $28.0 million effective April 19, 2026. Borrowings under the term loan are secured by the underlying property and related project assets. None of our other unconsolidated joint ventures had outstanding debt at May 31, 2025 or November 30, 2024
[3] Cash and cash equivalents included restricted cash of $.8 million at May 31, 2025 and $1.3 million at November 30, 2024