Investments in Unconsolidated Joint Ventures (Financial Information for Unconsolidated Joint Ventures) (Details) $ in Thousands |
3 Months Ended | 6 Months Ended | ||||||||||
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May 31, 2022
USD ($)
home
joint_venture
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May 31, 2021
USD ($)
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May 31, 2022
USD ($)
home
joint_venture
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May 31, 2021
USD ($)
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Feb. 28, 2022
USD ($)
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Nov. 30, 2021
USD ($)
joint_venture
home
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Feb. 28, 2021
USD ($)
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Nov. 30, 2020
USD ($)
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Assets | ||||||||||||
Total assets | $ 6,579,477 | $ 6,579,477 | $ 5,835,918 | |||||||||
Liabilities and equity | ||||||||||||
Equity | 3,290,995 | $ 2,886,865 | 3,290,995 | $ 2,886,865 | $ 3,134,316 | 3,019,475 | $ 2,748,184 | $ 2,665,769 | ||||
Total liabilities and stockholders’ equity | $ 6,579,477 | $ 6,579,477 | $ 5,835,918 | |||||||||
Number of investments in unconsolidated joint ventures | joint_venture | 6 | 6 | 6 | |||||||||
Number of joint ventures with funding commitments | joint_venture | 1 | 1 | ||||||||||
Number of other unconsolidated joint ventures with outstanding debt | home | 0 | 0 | 0 | |||||||||
Cash and Cash Equivalents, at Carrying Value | $ 246,581 | 609,047 | $ 246,581 | 609,047 | ||||||||
Financial Service [Member] | ||||||||||||
Assets | ||||||||||||
Other Assets | [1] | 25,697 | 25,697 | $ 24,347 | ||||||||
Total assets | 57,766 | 57,766 | 44,202 | |||||||||
Liabilities and equity | ||||||||||||
Cash and Cash Equivalents, at Carrying Value | 2,395 | 978 | 2,395 | 978 | 1,372 | |||||||
Home Building [Member] | ||||||||||||
Assets | ||||||||||||
Other Assets | 111,222 | 111,222 | 104,153 | |||||||||
Total assets | 6,521,711 | 6,521,711 | 5,791,716 | |||||||||
Liabilities and equity | ||||||||||||
Cash and Cash Equivalents, at Carrying Value | 244,186 | 608,069 | 244,186 | 608,069 | 290,764 | |||||||
Interest Rate Lock Commitments | Financial Service [Member] | ||||||||||||
Liabilities and equity | ||||||||||||
Derivative Asset, Notional Amount | 42,900 | 42,900 | 9,500 | |||||||||
Change in fair value included in gain on sale of mortgage loans held for sale | 25,800 | 1,900 | 33,400 | 2,600 | ||||||||
Equity Method Investment, Nonconsolidated Investee or Group of Investees [Member] | Financial Service [Member] | ||||||||||||
Statements of operations of unconsolidated joint venture | ||||||||||||
Revenues | 50,224 | 34,298 | 80,200 | 65,370 | ||||||||
Other Nonoperating Income (Expense) | (20,607) | (20,240) | (40,287) | (39,373) | ||||||||
Income (loss) | 29,617 | 14,058 | 39,913 | 25,997 | ||||||||
Assets | ||||||||||||
Mortgages Held-for-sale, Fair Value Disclosure | 189,255 | 189,255 | 234,669 | |||||||||
Other Assets | 68,493 | 68,493 | 46,218 | |||||||||
Total assets | 276,615 | 276,615 | 304,803 | |||||||||
Liabilities and equity | ||||||||||||
Accounts payable and other liabilities | 18,680 | 18,680 | 18,375 | |||||||||
Funding facilities | 203,486 | 203,486 | 253,791 | |||||||||
Equity | 54,449 | 54,449 | 32,637 | |||||||||
Total liabilities and stockholders’ equity | 276,615 | 276,615 | 304,803 | |||||||||
Cash and Cash Equivalents, at Carrying Value | 18,867 | 18,867 | 23,916 | |||||||||
Equity Method Investment, Nonconsolidated Investee or Group of Investees [Member] | Home Building [Member] | ||||||||||||
Statements of operations of unconsolidated joint venture | ||||||||||||
Revenues | 1,108 | 3,148 | 3,958 | 12,839 | ||||||||
Cost of Revenue | (772) | (2,819) | (3,071) | (10,944) | ||||||||
Other Nonoperating Income (Expense) | (918) | (530) | (1,348) | (1,409) | ||||||||
Income (loss) | (582) | $ (201) | (461) | $ 486 | ||||||||
Assets | ||||||||||||
Receivables | 894 | 894 | 795 | |||||||||
Inventory, Real Estate | 105,734 | 105,734 | 64,034 | |||||||||
Other Assets | 726 | 726 | 50 | |||||||||
Total assets | 126,238 | 126,238 | 80,610 | |||||||||
Liabilities and equity | ||||||||||||
Accounts payable and other liabilities | 11,871 | 11,871 | 12,285 | |||||||||
Notes Payable | [2] | 29,114 | 29,114 | 0 | ||||||||
Equity | 85,253 | 85,253 | 68,325 | |||||||||
Total liabilities and stockholders’ equity | 126,238 | 126,238 | 80,610 | |||||||||
Cash and Cash Equivalents, at Carrying Value | 18,884 | 18,884 | $ 15,731 | |||||||||
Equity Method Investment, Nonconsolidated Investee or Group of Investees [Member] | Unsecured revolving credit facility | ||||||||||||
Liabilities and equity | ||||||||||||
Unsecured revolving credit facility, borrowing capacity | $ 62,000 | $ 62,000 | ||||||||||
Unsecured revolving credit facility, expiration date | Apr. 19, 2026 | |||||||||||
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- Definition Funding Facilities No definition available.
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- Definition Number of investments in unconsolidated joint ventures. No definition available.
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- Definition Number of Other Unconsolidated Joint Ventures With Outstanding Debt No definition available.
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- Definition Number of unconsolidated joint ventures with loan commitments No definition available.
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- Definition Statements of operations of unconsolidated joint ventures. No definition available.
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- Definition Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The aggregate cost of goods produced and sold and services rendered during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Nominal or face amount used to calculate payments on the derivative asset. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The gains (losses) included in earnings that represent the difference between the sale price and the carrying value of loans made to finance real estate acquisitions. This element refers to the gain (loss) and not to the cash proceeds of the sale. This element is a noncash adjustment to net income when calculating net cash generated by operating activities using the indirect method. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Total of (1) improvements, (2) held-for-sale, (3) land and land under development, (4) construction-in-process, (5) mortgage loans held-in-inventory, and (6) other real estate investments which are considered inventory due to being held for sale or disposition. No definition available.
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- Definition Amount of liabilities and equity items, including the portion of equity attributable to noncontrolling interests, if any. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- References No definition available.
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- Definition Amount of current borrowing capacity under the credit facility considering any current restrictions on the amount that could be borrowed (for example, borrowings may be limited by the amount of current assets), but without considering any amounts currently outstanding under the facility. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Date the credit facility terminates, in YYYY-MM-DD format. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount, after allowance for credit loss, of accounts and financing receivables, classified as noncurrent. Includes, but is not limited to, notes and loan receivable. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Fair value portion of mortgage loans held-for-sale. No definition available.
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- Definition Including the current and noncurrent portions, aggregate carrying amount of all types of notes payable, as of the balance sheet date, with initial maturities beyond one year or beyond the normal operating cycle, if longer. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of liabilities incurred and payable to vendors for goods and services received classified as other, and expenses incurred but not yet paid, payable within one year or the operating cycle, if longer. No definition available.
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- Definition Amount of assets classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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