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Investments in Unconsolidated Joint Ventures (Tables)
6 Months Ended
May 31, 2023
Homebuilding  
Schedule of Equity Method Investments [Line Items]  
Schedule of Statements of operations of unconsolidated joint ventures The following table presents combined condensed information from the statements of operations for our homebuilding unconsolidated joint ventures (in thousands):
 Three Months Ended May 31,Six Months Ended May 31,
 2023202220232022
Revenues$1,171 $1,108 $1,171 $3,958 
Construction and land costs(683)(772)(686)(3,071)
Other expense, net(960)(918)(2,410)(1,348)
Loss$(472)$(582)$(1,925)$(461)
Schedule of Balance sheets of unconsolidated joint ventures
The following table presents combined condensed balance sheet information for our homebuilding unconsolidated joint ventures (in thousands):
May 31,
2023
November 30,
2022
Assets
Cash $13,823 $14,066 
Receivables
2,886 3,394 
Inventories
138,290 114,465 
Other assets
554 633 
Total assets$155,553 $132,558 
Liabilities and equity
Accounts payable and other liabilities$8,085 $8,369 
Notes payable (a)47,457 34,396 
Equity100,011 89,793 
Total liabilities and equity$155,553 $132,558 
(a)    As of both May 31, 2023 and November 30, 2022, one of our unconsolidated joint ventures had borrowings outstanding under a revolving line of credit it entered into with a third-party lender in April 2022 to finance its land acquisition, development and construction activities. Borrowings under this line of credit, which has a maximum commitment of $62.0 million, are secured by the underlying property and related project assets. The line of credit is scheduled to mature on April 19, 2026, unless extended or terminated pursuant to its applicable terms. None of our other unconsolidated joint ventures had outstanding debt at May 31, 2023 or November 30, 2022.
Financial services  
Schedule of Equity Method Investments [Line Items]  
Schedule of Statements of operations of unconsolidated joint ventures The following table presents combined condensed information from the statements of operations for our financial services unconsolidated joint ventures (in thousands):
 Three Months Ended May 31,Six Months Ended May 31,
 2023202220232022
Revenues$28,450 $50,224 $48,640 $80,200 
Expenses(17,599)(20,607)(34,624)(40,287)
Income$10,851 $29,617 $14,016 $39,913 
Schedule of Balance sheets of unconsolidated joint ventures
The following table presents combined condensed balance sheet information for our financial services unconsolidated joint venture (in thousands):
May 31,
2023
November 30,
2022
Assets
Cash and cash equivalents$21,818 $28,120 
Mortgage loans held for sale186,573 250,572 
Other assets28,173 33,176 
Total assets$236,564 $311,868 
Liabilities and equity
Accounts payable and other liabilities$13,255 $15,590 
Funding facilities179,981 242,944 
Equity43,328 53,334 
Total liabilities and equity$236,564 $311,868