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Inventories (Tables)
6 Months Ended
May 31, 2017
Inventory Disclosure [Abstract]  
Schedule of Inventories
Inventories consisted of the following (in thousands):
 
May 31,
2017
 
November 30,
2016
Homes under construction
$
1,531,052

 
$
1,245,938

Land under development
1,560,759

 
1,727,657

Land held for future development or sale (a)
396,393

 
429,633

Total
$
3,488,204

 
$
3,403,228

Schedule of Capitalized Interest Costs
Our interest costs were as follows (in thousands):
 
Three Months Ended May 31,
 
Six Months Ended May 31,
 
2017
 
2016
 
2017
 
2016
Capitalized interest at beginning of period
$
311,111

 
$
300,314

 
$
306,723

 
$
288,442

Interest incurred (a)
43,344

 
46,258

 
93,423

 
92,509

Interest expensed (a)

 
(1,970
)
 
(6,307
)
 
(5,667
)
Interest amortized to construction and land costs (b)
(50,471
)
 
(35,557
)
 
(89,855
)
 
(66,239
)
Capitalized interest at end of period (c)
$
303,984

 
$
309,045

 
$
303,984

 
$
309,045


(a)
Interest incurred and interest expensed for the six months ended May 31, 2017 included a charge of $5.7 million for the early extinguishment of debt.
(b)
Interest amortized to construction and land costs for the three months ended May 31, 2017 included $1.1 million related to land sales during the period. Interest amortized to construction and land costs for the six months ended May 31, 2017 and 2016 included $1.6 million and $.5 million, respectively, related to land sales during those periods.
(c)
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.