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Fair Value Disclosures (Tables)
 12 Months Ended
Oct. 31, 2023
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, 2023 and 2022, 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, 2023October 31, 2022
Residential Mortgage Loans Held for SaleLevel 2$110,555 $185,150 
Forward Loan Commitments – Residential Mortgage Loans Held for SaleLevel 2$2,234 $9,184 
Interest Rate Lock Commitments (“IRLCs”)Level 2$(4,135)$(17,734)
Forward Loan Commitments – IRLCsLevel 2$4,135 $17,734 
Interest Rate Swap ContractsLevel 2$35,243 $45,010 
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
2023$114,835 $110,555 $(4,280)
2022$193,746 $185,150 $(8,596)
Book value and estimated fair value of the Company's debt
The table below provides, as of the dates indicated, the book value, excluding any bond discounts, premiums, and deferred issuance costs, and estimated fair value of our debt at October 31, 2023 and 2022 (amounts in thousands):
 20232022
Fair value hierarchyBook valueEstimated
fair value		Book valueEstimated
fair value
Loans payable (1)
Level 2$1,167,378 $1,150,704 $1,187,043 $1,180,893 
Senior notes (2)
Level 11,600,000 1,481,220 2,000,000 1,822,255 
Mortgage company loan facility (3)
Level 2100,058 100,058 148,863 148,863 
 $2,867,436 $2,731,982 $3,335,906 $3,152,011 
(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.