v3.26.1
Inventories (Tables)
 6 Months Ended
May 31, 2026
Inventory Disclosure [Abstract]  
Schedule of Inventories
Inventories consisted of the following (in thousands):
May 31,
2026		November 30,
2025
Homes completed or under construction$1,564,008 $1,571,793 
Land under development4,168,549 4,099,009 
Total$5,732,557 $5,670,802 
Schedule of Capitalized Interest Costs
Our interest costs were as follows (in thousands):
 Three Months Ended May 31,Six Months Ended May 31,
 2026202520262025
Capitalized interest at beginning of period$134,904 $125,356 $125,627 $122,387 
Interest incurred 28,975 28,626 57,109 55,018 
Interest amortized to construction and land costs(18,675)(25,306)(37,532)(48,729)
Capitalized interest at end of period$145,204 $128,676 $145,204 $128,676