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Inventories
 6 Months Ended
May 31, 2024
Inventory Disclosure [Abstract]  
Inventories Inventories
Inventories consisted of the following (in thousands):
May 31,
2024		November 30,
2023
Homes completed or under construction$2,286,970 $2,106,149 
Land under development3,048,215 3,027,497 
Total$5,335,185 $5,133,646 
Land under development at May 31, 2024 and November 30, 2023 included land held for future development of $17.2 million and $17.0 million, respectively.
Interest is capitalized to inventories while the related communities or land parcels are being actively developed and until homes are completed or the land is available for immediate sale. Capitalized interest is amortized to construction and land costs as the related inventories are delivered to homebuyers or land buyers (as applicable). In the case of land held for future development and land held for sale, applicable interest is expensed as incurred.
Our interest costs were as follows (in thousands):
 Three Months Ended May 31,Six Months Ended May 31,
 2024202320242023
Capitalized interest at beginning of period$134,377 $147,162 $134,375 $145,494 
Interest incurred 26,577 25,995 53,082 53,799 
Interest amortized to construction and land costs (a)
(29,189)(31,932)(55,692)(58,068)
Capitalized interest at end of period$131,765 $141,225 $131,765 $141,225 
(a)Interest amortized to construction and land costs for the six-month period ended May 31, 2024 included $.2 million related to land sales. There was no interest amortized to construction and land costs related to land sales for the three- month period ended May 31, 2024 and three-month and six-month periods ended May 31, 2023.