v3.26.3
Investments in Unconsolidated Joint Ventures (Details)
$ in Thousands
3 Months Ended 9 Months Ended
Aug. 31, 2026
USD ($)
joint_venture
Aug. 31, 2025
USD ($)
Aug. 31, 2026
USD ($)
joint_venture
Aug. 31, 2025
USD ($)
Aug. 01, 2028
USD ($)
May 31, 2026
USD ($)
Apr. 30, 2026
USD ($)
Feb. 28, 2026
USD ($)
Nov. 30, 2025
USD ($)
joint_venture
May 31, 2025
USD ($)
Nov. 30, 2024
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 $ 65,280 $ 109,828 $ 126,053 $ 327,268              
Assets                      
Total assets 6,969,152   6,969,152           $ 6,680,252    
Liabilities and equity                      
Equity 3,801,509 3,902,363 3,801,509 3,902,363   $ 3,796,810     3,900,858 $ 3,990,538 $ 4,060,616
Total liabilities and stockholders’ equity 6,969,152   6,969,152           6,680,252    
Homebuilding                      
Statements of operations of unconsolidated joint venture                      
Other expense, net 6,665 3,379 10,901 10,630              
Assets                      
Cash and cash equivalents 159,018   159,018           228,614    
Other assets 106,431   106,431           107,833    
Total assets 6,910,730   6,910,730           6,620,443    
Financial services                      
Assets                      
Cash and cash equivalents 1,040   1,040           1,829    
Other assets 40,168   40,168           39,180    
Total assets 58,422   58,422           59,809    
Financial services | Interest Rate Lock Commitments                      
Liabilities and equity                      
Derivative asset, notional amount 6,900   6,900           4,600    
Change in fair value included in gain (loss) on sale of mortgage loans held for sale 1,200 (3,000) 2,200 (6,600)              
Equity Method Investment, Nonconsolidated Investee or Group of Investees | Unsecured revolving credit facility | Term Loan Commitment                      
Liabilities and equity                      
Unconsolidated joint venture 24,400   24,400           40,200    
Debt instrument, face amount 31,600   31,600       $ 39,200 $ 40,000 55,200    
Equity Method Investment, Nonconsolidated Investee or Group of Investees | Unsecured revolving credit facility | Term Loan Commitment | Forecast                      
Liabilities and equity                      
Debt instrument, face amount         $ 35,000            
Equity Method Investment, Nonconsolidated Investee or Group of Investees | Unsecured revolving credit facility | Unsecured revolving credit facility                      
Liabilities and equity                      
Credit facility, letters of credit outstanding 19,700   19,700                
Line of credit has a maximum commitment 37,500   37,500                
Equity Method Investment, Nonconsolidated Investee or Group of Investees | Homebuilding                      
Statements of operations of unconsolidated joint venture                      
Revenues 30,400 19,027 61,466 58,767              
Construction and land costs (24,129) (14,371) (48,397) (44,176)              
Other expense, net (1,914) (1,567) (5,018) (4,474)              
Net income 4,357 3,089 8,051 10,117              
Assets                      
Cash 28,074   28,074           14,347    
Receivables 15,439   15,439           5,517    
Inventories 148,542   148,542           155,015    
Other assets 872   872           620    
Total assets 192,927   192,927           175,499    
Liabilities and equity                      
Accounts payable and other liabilities 22,312   22,312           10,063    
Notes payable 44,100   44,100           40,216    
Equity 126,515   126,515           125,220    
Total liabilities and stockholders’ equity 192,927   192,927           175,499    
Equity Method Investment, Nonconsolidated Investee or Group of Investees | Financial services                      
Statements of operations of unconsolidated joint venture                      
Revenues 25,181 26,362 64,924 79,326              
Other expense, net (16,993) (17,854) (46,810) (52,437)              
Net income 8,188 $ 8,508 18,114 $ 26,889              
Assets                      
Cash and cash equivalents 23,511   23,511           23,393    
Mortgage loans held for sale 198,888   198,888           177,068    
Other assets 10,849   10,849           8,104    
Total assets 233,248   233,248           208,565    
Liabilities and equity                      
Accounts payable and other liabilities 14,040   14,040           13,394    
Funding facilities 189,732   189,732           168,709    
Equity 29,476   29,476           26,462    
Total liabilities and stockholders’ equity 233,248   233,248           208,565    
Restricted cash $ 900   $ 900           $ 900