Inventories (Tables)

9 Months Ended

Aug. 31, 2021

Inventory Disclosure [Abstract]

Schedule of Inventories

Inventories consisted of the following (in thousands):

	August 31, 2021		November 30, 2020
Homes completed or under construction	$	2,022,354	$	1,437,911
Land under development	2,633,521		2,459,571
Total	$	4,655,875	$	3,897,482

Land under development included land held for future development and land held for sale of $64.5 million and $2.6 million, respectively, at August 31, 2021 and $74.0 million and $1.3 million, respectively, at November 30, 2020

Schedule of Capitalized Interest Costs

Our interest costs were as follows (in thousands):

	Three Months Ended August 31,				Nine Months Ended August 31,
	2021		2020		2021		2020
Capitalized interest at beginning of period	$	180,065	$	194,434	$	190,113	$	195,738
Interest incurred	29,605		31,054		91,807		93,071
Interest amortized to construction and land costs (a)	(37,544)		(30,628)		(109,794)		(93,949)
Capitalized interest at end of period	$	172,126	$	194,860	$	172,126	$	194,860

(a)There was no interest amortized to construction and land costs related to land sales for the three months ended August 31, 2021. Interest amortized to construction and land costs for the nine months ended August 31, 2021 included $.2 million related to land sales. For the three months and nine months ended August 31, 2020, interest amortized to construction and land costs included $.4 million related to land sales.