Variable Interest Entities (Tables)
 3 Months Ended
Feb. 28, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Estimated Maximum Exposure To Loss
The Company’s recorded investments in VIEs that are unconsolidated and its estimated maximum exposure to loss were as follows:
February 28, 2022November 30, 2021
(In thousands)Investments in
Unconsolidated VIEs		Lennar’s Maximum
Exposure to Loss		Investments in
Unconsolidated VIEs		Lennar’s Maximum
Exposure to Loss
Homebuilding (1)$195,232 327,897 107,323 301,619 
Multifamily (2)575,668 604,861 579,388 611,937 
Financial Services (3)156,587 156,587 157,808 157,808 
Lennar Other (4)13,077 13,077 12,680 12,680 
$940,564 1,102,422 857,199 1,084,044 
(1)As of February 28, 2022 and November 30, 2021, the maximum exposure to loss of Homebuilding's investments in unconsolidated VIEs was limited to its investments in unconsolidated VIEs, except with regard to the Company's remaining $102.7 million commitment to fund capital in Upward America, and a $26.8 million short-term loan provided by the Company to Upward America.
(2)As of February 28, 2022 and November 30, 2021, the maximum exposure to loss of Multifamily's investments in unconsolidated VIEs was primarily limited to its investments in the unconsolidated VIEs, except with regard to the remaining equity commitment of $22.1 million and $23.1 million, respectively, to fund LMV I and LMV II for future expenditures related to the construction and development of its projects. The decrease was due to the funding of capital for LMV I and LMV II.
(3)As of February 28, 2022 and November 30, 2021, the maximum exposure to loss of the Financial Services segment was limited to its investment in the unconsolidated entities VIEs and related to the Financial Services' CMBS investments held-to-maturity.
(4)As of February 28, 2022, the maximum recourse exposure to loss of the Lennar Other segment was limited to its investments in the unconsolidated VIEs.
The Company's exposure to losses on its option contracts with third parties and unconsolidated entities were as follows:
(Dollars in thousands)February 28, 2022November 30, 2021
Non-refundable option deposits and pre-acquisition costs$1,435,142 1,228,057 
Letters of credit in lieu of cash deposits under certain land and option contracts169,746 175,937