Notes Payable (Tables)
 12 Months Ended
Nov. 30, 2021
Debt Disclosure [Abstract]  
Schedule of Mortgages and Notes Payable
Notes payable consisted of the following (in thousands):
 November 30,
 20212020
Mortgages and land contracts due to land sellers and other loans (at interest rates of 4.5% at November 30, 2021 and 4.5% to 6.0% at November 30, 2020)
$5,327 $4,667 
7.00% Senior notes due December 15, 2021
— 449,029 
7.50% Senior notes due September 15, 2022
349,471 348,846 
7.625% Senior notes due May 15, 2023
350,788 351,281 
6.875% Senior notes due June 15, 2027
297,161 296,757 
4.80% Senior notes due November 15, 2029
296,905 296,595 
4.00% Senior notes due June 15, 2031
385,375 — 
Total$1,685,027 $1,747,175 
The key terms of each of our senior notes outstanding as of November 30, 2021 were as follows (dollars in thousands):
Redeemable Prior to MaturityEffective Interest Rate
Notes PayablePrincipalIssuance DateMaturity Date
7.50% Senior notes
$350,000 July 31, 2012September 15, 2022Yes (a)7.7 %
7.625% Senior notes
350,000 February 17, 2015/February 20, 2019May 15, 2023Yes (b)7.5 
6.875% Senior notes
300,000 February 20, 2019June 15, 2027Yes (b)7.1 
4.80% Senior notes
300,000 November 4, 2019November 15, 2029Yes (b)5.0 
4.00% Senior notes
390,000 June 9, 2021June 15, 2031Yes (b)4.2 
(a)At our option, these notes may be redeemed, in whole at any time or from time to time in part, at a redemption price equal to the greater of (i) 100% of the principal amount of the notes being redeemed and (ii) the sum of the present values of the remaining scheduled payments of principal and interest on the notes being redeemed (exclusive of interest accrued to the applicable redemption date), discounted to the redemption date at a defined rate, plus, in each case, accrued and unpaid interest on the notes being redeemed to the applicable redemption date.
(b)At our option, these notes may be redeemed, in whole at any time or from time to time in part, at a redemption price equal to the greater of (i) 100% of the principal amount of the notes being redeemed and (ii) the sum of the present values of the remaining scheduled payments of principal and interest on the notes being redeemed (exclusive of interest accrued to the applicable redemption date), discounted to the redemption date at a defined rate, plus, in each case, accrued and unpaid interest on the notes being redeemed to, but excluding, the applicable redemption date, except that six months prior to the stated maturity date for these notes and until their maturity, the redemption price will be equal to 100% of the principal amount of the notes being redeemed, plus, in each case, accrued and unpaid interest on the notes being redeemed to, but excluding, the applicable redemption date.