Inventories (Tables)

6 Months Ended

May. 31, 2015

Inventory Disclosure [Abstract]

Schedule of Inventories

Inventories consisted of the following (in thousands):

	May 31, 2015		November 30, 2014
Homes under construction	$	1,120,574	$	928,272
Land under development	1,714,790		1,710,149
Land held for future development	558,308		579,966
Total	$	3,393,672	$	3,218,387

Schedule of Capitalized Interest Costs

Our interest costs were as follows (in thousands):

	Six Months Ended May 31,						Three Months Ended May 31,
	2015			2014			2015			2014
Capitalized interest at beginning of period	$	266,668		$	216,681		$	284,040		$	227,200
Interest incurred	94,202			82,438			49,199			43,158
Interest expensed	(13,456		)	(19,834		)	(8,118		)	(8,558		)
Interest amortized to construction and land costs	(47,736		)	(37,702		)	(25,443		)	(20,217		)
Capitalized interest at end of period (a)	$	299,678		$	241,583		$	299,678		$	241,583

(a) Capitalized interest amounts presented in the table reflect the gross amount of capitalized interest, as inventory impairment charges recognized, if any, are not generally allocated to specific components of inventory.