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Fair Value Disclosures (Tables)
 12 Months Ended
Oct. 31, 2022
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]  
Summary of assets and (liabilities), measured at fair value on a recurring basis A summary of assets and (liabilities) at October 31, 2022 and 2021, related to our financial instruments, measured at fair value on a recurring basis, is set forth below (amounts in thousands):
  Fair value
Financial InstrumentFair value hierarchyOctober 31, 2022October 31, 2021
Residential Mortgage Loans Held for SaleLevel 2$185,150 $247,211 
Forward Loan Commitments – Residential Mortgage Loans Held for SaleLevel 2$9,184 $1,782 
Interest Rate Lock Commitments (“IRLCs”)Level 2$(17,734)$(1,773)
Forward Loan Commitments – IRLCsLevel 2$17,734 $1,773 
Interest Rate Swap ContractsLevel 2$45,010 $10,330 
Aggregate unpaid principal and fair value of mortgage loans held for sale The table below provides, for the periods indicated, the aggregate unpaid principal and fair value of mortgage loans held for sale as of the date indicated (amounts in thousands):
At October 31,Aggregate unpaid
principal balance		Fair valueFair value greater (less) than principal balance
2022$193,746 $185,150 $(8,596)
2021$244,467 $247,211 $2,744 
Book value and estimated fair value of the Company's debt
The table below provides, as of the dates indicated, the book value and estimated fair value of our debt at October 31, 2022 and 2021 (amounts in thousands):
 20222021
Fair value hierarchyBook valueEstimated
fair value		Book valueEstimated
fair value
Loans payable (1)
Level 2$1,187,043 $1,180,893 $1,014,042 $1,021,662 
Senior notes (2)
Level 12,000,000 1,822,255 2,409,856 2,577,818 
Mortgage company loan facility (3)
Level 2148,863 148,863 147,512 147,512 
 $3,335,906 $3,152,011 $3,571,410 $3,746,992 
(1)The estimated fair value of loans payable was based upon contractual cash flows discounted at interest rates that we believed were available to us for loans with similar terms and remaining maturities as of the applicable valuation date.
(2)The estimated fair value of our senior notes is based upon their market prices as of the applicable valuation date.
(3)We believe that the carrying value of our mortgage company loan borrowings approximates their fair value.