Toll Brothers (TOL) 10-Q 8 Mar 21 2021 FY Quarterly report Financial data

Document and Entity Information

Document and Entity Information Document - shares	3 Months Ended
	Jan. 31, 2021	Mar. 04, 2021
Entity Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jan. 31, 2021
Document Transition Report	false
Entity File Number	001-09186
Entity Registrant Name	Toll Brothers, Inc.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	23-2416878
Entity Address, Address Line One	1140 Virginia Drive
Entity Address, City or Town	Fort Washington
Entity Address, State or Province	PA
Entity Address, Postal Zip Code	19034
City Area Code	215
Local Phone Number	938-8000
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		123,124,000
Entity Central Index Key	0000794170
Current Fiscal Year End Date	--10-31
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	FY
Amendment Flag	false
Common Stock [Member] | NEW YORK STOCK EXCHANGE, INC. [Member]
Entity Information [Line Items]
Title of 12(b) Security	Common Stock, par value $0.01 per share
Trading Symbol	TOL
Security Exchange Name	NYSE
Senior Notes Due 2024 [Member] | NEW YORK STOCK EXCHANGE, INC. [Member]
Entity Information [Line Items]
Title of 12(b) Security	Guarantee of Toll Brothers Finance Corp. 5.625% Senior Notes due 2024
Trading Symbol	TOL/24
Security Exchange Name	NYSE

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jan. 31, 2021	Oct. 31, 2020
ASSETS
Cash and cash equivalents	$ 949,696	$ 1,370,944
Inventory	7,923,635	7,658,906
Property, construction and office equipment, net	277,696	316,125
Receivables, prepaid expenses and other assets	907,775	956,294
Mortgage loans held for sale, at fair value	125,475	231,797
Customer deposits held in escrow	80,889	77,291
Investments in unconsolidated entities	571,632	430,701
Income Taxes Receivable	27,195	23,675
Total assets	10,863,993	11,065,733
Assets	10,863,993	11,065,733
Liabilities:
Loans payable	971,504	1,147,955
Senior notes	2,652,162	2,661,718
Mortgage company loan facility	112,619	148,611
Customer deposits	523,584	459,406
Accounts payable	460,113	411,397
Accrued expenses	1,109,129	1,110,196
Income taxes payable	200,390	198,974
Total liabilities	6,029,501	6,138,257
Stockholders' equity:
Preferred stock, none issued	0	0
Common stock, 152,937 shares issued January 31, 2021 and October 31, 2020, respectively	1,529	1,529
Additional paid-in capital	708,668	717,272
Retained earnings	5,245,935	5,164,086
Treasury stock, at cost - 29,981 and 26,410 shares at January 31, 2021 and October 31, 2020, respectively	(1,162,811)	(1,000,454)
Accumulated other comprehensive income	(6,486)	(7,198)
Total stockholders' equity	4,786,835	4,875,235
Noncontrolling interest	47,657	52,241
Total equity	4,834,492	4,927,476
Total liabilities and stockholders' equity	10,863,993	11,065,733
Rental Joint Ventures, including the Trust [Member] | Variable Interest Entity, Primary Beneficiary [Member]
ASSETS
Total assets	113,300	163,000
Assets	$ 113,300	$ 163,000

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - shares shares in Thousands	Jan. 31, 2021	Oct. 31, 2020
Statement of Financial Position [Abstract]
Preferred stock, shares issued	0	0
Common stock, shares issued	152,937	152,937
Treasury stock, at cost	29,981	26,410

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations and Comprehensive Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Jan. 31, 2021	Jan. 31, 2020
Revenues	$ 1,563,376	$ 1,331,431
Cost of revenues	1,233,527	1,065,404
Selling, general and administrative	210,739	218,531
Income from operations	119,110	47,496
Other:
Income from unconsolidated entities	1,194	12,141
Other income - net	7,101	6,295
Income before income taxes	127,405	65,932
Income tax provision	30,906	9,056
Net income	96,499	56,876
Other comprehensive income, net of tax:
Other comprehensive income, net	713	278
Total comprehensive income	$ 97,212	$ 57,154
Per share:
Basic earnings	$ 0.77	$ 0.41
Diluted earnings	$ 0.76	$ 0.41
Weighted average number of shares:
Basic	126,060	138,145
Diluted	127,562	139,889
Home Building [Member]
Revenues	$ 1,410,704	$ 1,297,337
Cost of revenues	1,121,793	1,033,122
Land [Member]
Revenues	152,672	34,094
Cost of revenues	$ 111,734	$ 32,282

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Changes in Equity - USD ($) $ in Thousands	Total	Cumulative Effect, Period of Adoption, Adjustment	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Retained Earnings [Member]Cumulative Effect, Period of Adoption, Adjustment	Treasury Stock [Member]	AOCI Attributable to Parent [Member]	Noncontrolling Interest [Member]
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest at Oct. 31, 2019	$ 5,118,693		$ 1,529	$ 726,879	$ 4,774,422		$ (425,183)	$ (5,831)	$ 46,877
Net income	56,876				56,876
Purchase of treasury stock	(476,024)						(476,024)
Exercise of stock options and stock based compensation issuances	3,930			(17,112)			21,042
Employee stock purchase plan issuances	304			(41)			345
Stock-based compensation	13,383			13,383
Dividends declared	(15,012)				(15,012)
Other comprehensive income	278							278
Net Income (Loss) Attributable to Noncontrolling Interest	(1)								(1)
Capital contributions	2,653								2,653
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest at Jan. 31, 2020	4,705,080		1,529	723,109	4,816,286		(879,820)	(5,553)	49,529
Stockholders' Equity, Other		$ 0
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest at Oct. 31, 2020	4,927,476		1,529	717,272	5,164,086		(1,000,454)	(7,198)	52,241
Net income	96,499				96,499
Purchase of treasury stock	(179,395)						(179,395)
Exercise of stock options and stock based compensation issuances	(4,769)			(21,445)			16,676
Employee stock purchase plan issuances	369			7			362
Stock-based compensation	12,834			12,834
Dividends declared	(14,055)				(14,055)
Other comprehensive income	712							712
Net Income (Loss) Attributable to Noncontrolling Interest	(21)								(21)
Capital contributions	(4,563)								(4,563)
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest at Jan. 31, 2021	$ 4,834,492		$ 1,529	$ 708,668	$ 5,245,935		$ (1,162,811)	$ (6,486)	$ 47,657
Stockholders' Equity, Other		(595)
Stockholders' Equity, Other | Accounting Standards Update 2016-13		$ (600)				$ (595)

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Jan. 31, 2021	Jan. 31, 2020
Cash flow provided by (used in) operating activities:
Net income	$ 96,499	$ 56,876
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities:
Depreciation and amortization	16,876	14,667
Stock-based compensation	12,834	13,383
Income (Loss) from unconsolidated entities	(1,194)	(12,141)
Distributions of earnings from unconsolidated entities	1,080	14,703
Deferred tax (benefit) provision	1,277	751
Inventory impairments and write-offs	1,267	1,031
Gain (Loss) on Disposition of Assets	(38,279)
Other	3,617	1,091
Changes in operating assets and liabilities
Inventory	(274,327)	(303,384)
Origination of mortgage loans	(376,036)	(316,852)
Sale of mortgage loans	478,982	422,376
Receivables, prepaid expenses and other assets	34,733	(172,153)
Income Taxes Receivable	(3,520)	(36,131)
Customer deposits, net	60,580	34,058
Accounts payable and accrued expenses	40,835	(84,691)
Income taxes payable	99
Net Cash Provided by (Used in) Operating Activities, Continuing Operations	55,323	(366,416)
Cash flow (used in) provided by investing activities:
Purchase of property and equipment - net	(14,496)	(26,839)
Investments in and advances to unconsolidated entities	(112,828)	(4,909)
Return of investments in unconsolidated entities	37,853	28,983
Proceeds from sales of golf club property and an office building	79,356
Other investing changes	334	649
Net Cash (Used in) Provided By Investing Activities, Continuing Operations	(9,781)	(2,116)
Cash flow used in financing activities:
Proceeds from loans payable	597,973	702,729
Repayments of loans payable	(847,415)	(608,481)
Redemption of senior notes	(10,020)
(Payments) proceeds from stock-based benefit plans	(4,397)	4,235
Purchase of treasury stock	(179,395)	(476,024)
Dividends paid	(14,285)	(14,956)
Proceeds from (Payments to) Noncontrolling Interests	(4,728)	44
Net Cash Used in Financing Activities, Continuing Operations	(462,267)	(392,453)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Excluding Exchange Rate Effect	(416,725)	(760,985)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, beginning of period	1,396,604	1,319,643
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, end of period	$ 979,879	$ 558,658

Supplemental Disclosure to Cond

Supplemental Disclosure to Condensed Consolidated Statements of Cash Flows	3 Months Ended
	Jan. 31, 2021
Supplemental Cash Flow Elements [Abstract]
Supplemental Disclosure to Statements of Cash Flows	Supplemental Disclosure to Condensed Consolidated Statements of Cash Flows The following are supplemental disclosures to the Condensed Consolidated Statements of Cash Flows, for the periods indicated (amounts in thousands): Three months ended January 31, 2021 2020 Cash flow information: Interest capitalized, net of amount paid $ 3,733 $ 11,686 Income tax payments $ 34,427 $ 45,752 Income tax refunds $ 1,377 $ 1,315 Noncash activity: Cost of inventory acquired through seller financing, municipal bonds, or included in accrued expenses, net $ 40,511 $ 21,827 Increase in receivables, prepaid expenses, and other assets and accrued expenses related to the adoption of ASU 2016-02 and other lease activity $ — $ 108,769 Net decrease in other assets and retained earnings due to the adoption of ASC 326 $ 595 $ — Noncontrolling interest $ 144 $ 2,610 Transfer of inventory to investment in unconsolidated entities $ 49,979 $ — Transfer of other assets to investment in unconsolidated entities, net $ 13,228 $ 24,736 Unrealized gain on derivatives $ 522 $ — Increase in investments in unconsolidated entities for change in the fair value of debt guarantees $ 2,656 $ — At January 31, 2021 2020 Cash, cash equivalents, and restricted cash Cash and cash equivalents $ 949,696 $ 519,793 Restricted cash included in receivables, prepaid expenses, and other assets 30,183 38,865 Total cash, cash equivalents, and restricted cash shown in the Condensed Consolidated $ 979,879 $ 558,658

Supplemental Disclosure to Co_2

Supplemental Disclosure to Condensed Consolidated Statements of Cash Flows	3 Months Ended
	Jan. 31, 2021
Supplemental Cash Flow Elements [Abstract]
Supplemental disclosures to the statements of cash flows	The following are supplemental disclosures to the Condensed Consolidated Statements of Cash Flows, for the periods indicated (amounts in thousands): Three months ended January 31, 2021 2020 Cash flow information: Interest capitalized, net of amount paid $ 3,733 $ 11,686 Income tax payments $ 34,427 $ 45,752 Income tax refunds $ 1,377 $ 1,315 Noncash activity: Cost of inventory acquired through seller financing, municipal bonds, or included in accrued expenses, net $ 40,511 $ 21,827 Increase in receivables, prepaid expenses, and other assets and accrued expenses related to the adoption of ASU 2016-02 and other lease activity $ — $ 108,769 Net decrease in other assets and retained earnings due to the adoption of ASC 326 $ 595 $ — Noncontrolling interest $ 144 $ 2,610 Transfer of inventory to investment in unconsolidated entities $ 49,979 $ — Transfer of other assets to investment in unconsolidated entities, net $ 13,228 $ 24,736 Unrealized gain on derivatives $ 522 $ — Increase in investments in unconsolidated entities for change in the fair value of debt guarantees $ 2,656 $ — At January 31, 2021 2020 Cash, cash equivalents, and restricted cash Cash and cash equivalents $ 949,696 $ 519,793 Restricted cash included in receivables, prepaid expenses, and other assets 30,183 38,865 Total cash, cash equivalents, and restricted cash shown in the Condensed Consolidated $ 979,879 $ 558,658

Supplemental Disclosure to Co_3

Supplemental Disclosure to Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Jan. 31, 2021	Jan. 31, 2020
Cash flow information:
Interest Capitalized Net of Amounts Paid	$ 3,733	$ 11,686
Income tax payment	34,427	45,752
Income tax refunds	1,377	1,315
Noncash activity:
Cost of inventory acquired through seller financing, municpal bonds, or included in accrued expenses, net	40,511	21,827
Increase in receivables, prepaid expenses, and other assets and accrued expenses related to the adoption of ASU-2016-02 and other lease activity	0	108,769
Noncontrolling interest	144	2,610
Transfer of inventory to investment in unconsolidated entities	49,979	0
Noncash transfer of other assets to investment in unconsolidated entities	13,228	24,736
Unrealized Gain (Loss) on Derivatives	522	0
Increase in investments in unconsolidated entities for change in the fair value of debt guarantees	2,656	0
Cash and Cash Equivalents, at Carrying Value	949,696	519,793
Restricted Cash and Cash Equivalents	30,183	38,865
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	979,879	558,658
Cumulative Effect, Period of Adoption, Adjustment
Noncash activity:
Net decrease in other assets and retained earnings due to the adoption of ASC 326	$ 595	$ 0

Significant Accounting Policies

Significant Accounting Policies	3 Months Ended
	Jan. 31, 2021
Accounting Policies [Abstract]
Significant Accounting Policies [Text Block]	Significant Accounting Policies Basis of Presentation The accompanying condensed consolidated financial statements include the accounts of Toll Brothers, Inc. (the “Company,” “we,” “us,” or “our”), a Delaware corporation, and its majority owned subsidiaries. All significant intercompany accounts and transactions have been eliminated. Investments in 50% or less owned partnerships and affiliates are accounted for using the equity method unless it is determined that we have effective control of the entity, in which case we would consolidate the entity. The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with the rules and regulations of the Securities and Exchange Commission (“SEC”) for interim financial information. The October 31, 2020 balance sheet amounts and disclosures included herein have been derived from our October 31, 2020 audited financial statements. Since the accompanying condensed consolidated financial statements do not include all the information and footnotes required by U.S. generally accepted accounting principles (“GAAP”) for complete financial statements, they should be read in conjunction with the consolidated financial statements and notes thereto included in our Annual Report on Form 10-K for the fiscal year ended October 31, 2020 (“2020 Form 10-K”). In the opinion of management, the accompanying unaudited condensed consolidated financial statements include all adjustments, which are of a normal recurring nature, necessary to present fairly our financial position as of January 31, 2021; the results of our operations and changes in equity for the three-month periods ended January 31, 2021 and 2020; and our cash flows for the three-month periods ended January 31, 2021 and 2020. The results of operations for such interim periods are not necessarily indicative of the results to be expected for the full year. Use of Estimates The preparation of financial statements in accordance with GAAP requires us to make estimates and assumptions that affect the amounts reported in the condensed consolidated financial statements and accompanying notes. In times of economic disruption when uncertainty regarding future economic conditions is heightened, these estimates and assumptions are subject to greater variability. The Company is currently subject to risks and uncertainties resulting from the COVID-19 pandemic, which continues to impact our results of operations as well as our business operations. As a result, actual results could differ from the estimates and assumptions we make that affect the amounts reported in the condensed consolidated financial statements and accompanying notes, and such differences may be material. Reclassifications As discussed in our 2020 Form 10-K, effective October 31, 2020, we reclassified sales commissions paid to third-party brokers from home sales cost of revenues to selling, general and administrative expense in our Consolidated Statements of Operations and Comprehensive Income. The reclassification aligns the treatment of sales commissions paid to third-party brokers with the treatment of sales commissions paid to in-house salespersons, and is consistent with the manner in which the majority of the Company’s peers treat such commissions. The reclassification had the effect of lowering home sales cost of revenues (and increasing home sales gross margin) and increasing selling, general and administrative expense by the amount of third-party broker commissions, which totaled $26.8 million, or 2.1% of home sales revenues for the three months ended January 31, 2020. All prior period amounts have been reclassified to conform to the 2021 presentation. Revenue Recognition Home sales revenues: Revenues and cost of revenues from home sales are recognized at the time each home is delivered and title and possession are transferred to the buyer. For the majority of our home closings, our performance obligation to deliver a home is satisfied in less than one year from the date a binding sale agreement is signed. In certain states where we build, we are not able to complete certain outdoor features prior to the closing of the home. To the extent these separate performance obligations are not complete upon the home closing, we defer a portion of the home sales revenues related to these obligations and subsequently recognize the revenue upon completion of such obligations. As of January 31, 2021, the home sales revenues and related costs we deferred related to these obligations were immaterial. Our contract liabilities, consisting of deposits received from customers for sold but undelivered homes, totaled $523.6 million and $459.4 million at January 31, 2021 and October 31, 2020, respectively. Of the outstanding customer deposits held as of October 31, 2020, we recognized $94.0 million in home sales revenues during the three months ended January 31, 2021. Land sales and other revenues: Our revenues from land sales and other generally consist of: (1) lot sales to third-party builders within our master planned communities; (2) land sales to joint ventures in which we retain an interest; (3) bulk sales to third parties of land we have decided no longer meets our development criteria and (4) sales of commercial and retail properties generally located at our City Living buildings. In general, our performance obligation for each of these land sales is fulfilled upon the delivery of the land, which generally coincides with the receipt of cash consideration from the counterparty. For land sale transactions that contain repurchase options, revenues and related costs are not recognized until the repurchase option expires. In addition, when we sell land to a joint venture in which we retain an interest, we do not recognize revenue or gains on the sale to the extent of our retained interest in such joint venture. Forfeited Customer Deposits: Forfeited customer deposits are recognized in “Home sales revenues” in our Condensed Consolidated Statements of Operations and Comprehensive Income in the period in which we determine that the customer will not complete the purchase of the home and we have the right to retain the deposit. Sales Incentives: In order to promote sales of our homes, we may offer our home buyers sales incentives. These incentives vary by type and amount on a community-by-community and home-by-home basis. Incentives are reflected as a reduction in home sales revenues. Incentives are recognized at the time the home is delivered to the home buyer and we receive the sales proceeds. Derivative Instruments and Hedging Activities Our objective in entering into derivative transactions is to manage our exposure to interest rate movements associated with certain variable rate debt. We recognize derivatives as either assets or liabilities on the balance sheet and measures those instruments at fair value. Since all of our derivatives are designated as cash flow hedges, the entire change in the fair value of the derivative included in the assessment of hedge effectiveness is initially reported in accumulated other comprehensive loss and subsequently reclassified to home sales cost of revenues in the accompanying Condensed Consolidated Statements of Operations and Comprehensive Income when the hedged transaction affects earnings. If it is determined that a derivative is not highly effective as a hedge, or if the hedged forecasted transaction is no longer probable of occurring, the amount recognized in Accumulated other comprehensive loss is released to earnings. See Note 12 “Fair Value Disclosures” for more information. Recent Accounting Pronouncements In June 2016, the FASB created ASC 326 with the issuance of ASU No. 2016-13, “Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments” (“ASU 2016-13”). ASU 2016-13 replaces the current incurred loss impairment methodology with a methodology that reflects expected credit losses and requires consideration of a broader range of reasonable and supportable information to estimate credit losses. ASU 2016-13 became effective for our fiscal year beginning November 1, 2020, and we adopted the new standard under the modified retrospective transition method. As a result of the adoption, we recognized a cumulative effect adjustment, net of tax, of $0.6 million to the opening balance of retained earnings. The adoption of ASU 2016-13 did not have a material impact on our Condensed Consolidated Balance Sheet or Condensed Consolidated Statement of Operations or Comprehensive Income, and there have been no significant changes to our internal controls, processes, or systems as a result of implementing this new standard.

Acquisition

Acquisition	3 Months Ended
	Jan. 31, 2021
Business Combinations [Abstract]
Acquisition	Acquisitions In fiscal 2020, we acquired substantially all of the assets and operations of The Thrive Group, LLC (“Thrive”), an urban infill builder with operations in Atlanta, Georgia and Nashville, Tennessee, and Keller Homes, Inc. (“Keller”), a builder with operations in Colorado Springs, Colorado. The aggregate purchase price for these acquisitions was approximately $79.2 million in cash. The assets acquired were primarily inventory, including approximately 1,100 home sites owned or controlled through land purchase agreements. One of these acquisitions was accounted for as a business combination and neither were material to our results of operations or financial condition.

Inventory

Inventory	3 Months Ended
	Jan. 31, 2021
Inventory Disclosure [Abstract]
Inventory	Inventory Inventory at January 31, 2021 and October 31, 2020 consisted of the following (amounts in thousands): January 31, October 31, Land controlled for future communities $ 207,383 $ 223,525 Land owned for future communities 996,420 1,036,843 Operating communities 6,719,832 6,398,538 $ 7,923,635 $ 7,658,906 Operating communities include communities offering homes for sale; communities that have sold all available home sites but have not completed delivery of the homes; communities that were previously offering homes for sale but are temporarily closed due to business conditions or non-availability of improved home sites and that are expected to reopen within 12 months of the end of the fiscal period being reported on; and communities preparing to open for sale. The carrying value attributable to operating communities includes the cost of homes under construction, land and land development costs, the carrying cost of home sites in current and future phases of these communities, and the carrying cost of model homes. Communities that were previously offering homes for sale but are temporarily closed due to business conditions, do not have any remaining backlog, and are not expected to reopen within 12 months of the end of the fiscal period being reported on are included in land owned for future communities. Information regarding the classification, number, and carrying value of these temporarily closed communities, as of the dates indicated, is provided in the table below: January 31, October 31, Land owned for future communities: Number of communities 8 10 Carrying value (in thousands) $ 41,231 $ 68,064 Operating communities: Number of communities 4 4 Carrying value (in thousands) $ 54,040 $ 32,112 The amounts we have provided for inventory impairment charges and the expensing of costs that we believe not to be recoverable, for the periods indicated, are shown in the table below (amounts in thousands): Three months ended January 31, 2021 2020 Land controlled for future communities $ 167 $ 1,031 Operating communities 1,100 $ 1,267 $ 1,031 See Note 12, “Fair Value Disclosures,” for information regarding the number of operating communities that we tested for potential impairment, the number of operating communities in which we recognized impairment charges, the amount of impairment charges recognized, and the fair values of those communities, net of impairment charges. See Note 14, “Commitments and Contingencies,” for information regarding land purchase commitments. At January 31, 2021, we evaluated our land purchase contracts, including those to acquire land for apartment developments, to determine whether any of the selling entities were VIEs and, if they were, whether we were the primary beneficiary of any of them. Under these land purchase contracts, we do not possess legal title to the land; our risk is generally limited to deposits paid to the sellers and predevelopment costs incurred; and the creditors of the sellers generally have no recourse against us. At January 31, 2021, we determined that 218 land purchase contracts, with an aggregate purchase price of $2.31 billion, on which we had made aggregate deposits totaling $193.0 million, were VIEs, and that we were not the primary beneficiary of any VIE related to our land purchase contracts. At October 31, 2020, we determined that 207 land purchase contracts, with an aggregate purchase price of $2.31 billion, on which we had made aggregate deposits totaling $208.7 million, were VIEs and that we were not the primary beneficiary of any VIE related to our land purchase contracts. Interest incurred, capitalized, and expensed, for the periods indicated, was as follows (amounts in thousands): Three months ended January 31, 2021 2020 Interest capitalized, beginning of period $ 297,975 $ 311,323 Interest incurred 41,268 43,650 Interest expensed to home sales cost of revenues (33,325) (32,774) Interest expensed to land sales and other cost of revenues (1,838) (567) Interest capitalized on investments in unconsolidated entities (1,134) (881) Previously capitalized interest on investments in unconsolidated entities transferred to inventory 15 Interest capitalized, end of period $ 302,961 $ 320,751

Investments in Unconsolidated E

Investments in Unconsolidated Entities	3 Months Ended
	Jan. 31, 2021
Investments in and Advances to Affiliates, Schedule of Investments [Abstract]
Equity Method Investments and Joint Ventures Disclosure	Investments in Unconsolidated Entities We have investments in various unconsolidated entities and our ownership interest in these investments ranges from 15.8% to 50%. These entities, which are structured as joint ventures, (i) develop land for the joint venture participants and for sale to outside builders (“Land Development Joint Ventures”); (ii) develop for-sale homes (“Home Building Joint Ventures”); (iii) develop luxury for-rent residential apartments, commercial space, and a hotel (“Rental Property Joint Ventures”); and (iv) invest in distressed loans and real estate and provide financing and land banking to residential builders and developers for the acquisition and development of land and home sites (“Gibraltar Joint Ventures”). The table below provides information as of January 31, 2021, regarding active joint ventures that we are invested in, by joint venture category ($ amounts in thousands): Land Home Building Rental Property Gibraltar Total Number of unconsolidated entities 12 4 28 7 51 Investment in unconsolidated entities $ 264,274 $ 26,191 $ 263,280 $ 17,887 $ 571,632 Number of unconsolidated entities with funding commitments by the Company 3 — 8 1 12 Company’s remaining funding commitment to unconsolidated entities $ 33,518 $ — $ 30,491 $ 25,649 $ 89,658 Certain joint ventures in which we have investments obtained debt financing to finance a portion of their activities. The table below provides information at January 31, 2021, regarding the debt financing obtained by category ($ amounts in thousands): Land Home Building Rental Property Total Number of joint ventures with debt financing 4 1 25 30 Aggregate loan commitments $ 158,805 $ 29,786 $ 2,010,544 $ 2,199,135 Amounts borrowed under loan commitments $ 107,551 $ 29,786 $ 1,312,325 $ 1,449,662 More specific and/or recent information regarding our investments in, advances to, and future commitments to these entities is provided below. New Joint Ventures The table below provides information on joint ventures entered into during our first quarter of fiscal 2021 ($ amounts in thousands): Land Development Joint Ventures Rental Property Joint Ventures Number of unconsolidated joint ventures entered into during the period 3 2 Investment balance at January 31, 2021 $ 139,033 $ 14,932 The table below provides information on joint ventures entered into during our first quarter of fiscal 2020 ($ amounts in thousands): Land Development Joint Ventures Rental Property Joint Ventures Number of unconsolidated joint ventures entered into during the period — 2 Investment balance at January 31, 2020 $ — $ 24,900 Results of Operations and Intra-entity Transactions In our first quarters of fiscal 2021 and 2020, certain of our land development and rental property joint ventures sold their underlying assets to unrelated parties or to our joint venture partner. In connection with these sales, we recognized gains of $5.9 million and $10.7 million, respectively, which is included in “Income from unconsolidated entities” in our Condensed Consolidated Statements of Operations and Comprehensive Income. In our first quarter of fiscal 2021, we recognized other-than-temporary impairment charges on certain Home Building Joint Ventures of $2.1 million. No similar charges were incurred in our first quarter of fiscal 2020. In our first quarters of fiscal 2021 and 2020, purchases from unconsolidated entities, principally related to our acquisition of lots from our Land Development Joint Ventures, were $4.3 million and $3.5 million, respectively. Our share of income from the lots we acquired was insignificant in each period. Sales to unconsolidated entities, which principally involved land sales to our Rental Property Joint Ventures, were $57.3 million and $26.4 million in our first quarters of fiscal 2021 and 2020, respectively. These amounts are included in “Land sales and other revenue” on our Condensed Consolidated Statement of Operations and Comprehensive Income. Gains related to these sales were immaterial in both periods. Guarantees The unconsolidated entities in which we have investments generally finance their activities with a combination of partner equity and debt financing. In some instances, we have guaranteed debt of unconsolidated entities. These guarantees may include any or all of the following: (i) project completion guarantees, including any cost overruns; (ii) repayment guarantees, generally covering a percentage of the outstanding loan; (iii) carry cost guarantees, which cover costs such as interest, real estate taxes, and insurance; (iv) an environmental indemnity provided to the lender that holds the lender harmless from and against losses arising from the discharge of hazardous materials from the property and non-compliance with applicable environmental laws; and (v) indemnification of the lender from “bad boy acts” of the unconsolidated entity. In some instances, we and our joint venture partner have provided joint and several guarantees in connection with loans to unconsolidated entities. In these situations, we generally seek to implement a reimbursement agreement with our partner that provides that neither party is responsible for more than its proportionate share or agreed upon share of the guarantee; however, we are not always successful. In addition, if the joint venture partner does not have adequate financial resources to meet its obligations under such a reimbursement agreement, we may be liable for more than our proportionate share. We believe that, as of January 31, 2021, in the event we become legally obligated to perform under a guarantee of an obligation of an unconsolidated entity due to a triggering event, the collateral in such entity should be sufficient to repay a significant portion of the obligation. If it is not, we and our partners would need to contribute additional capital to the venture. Information with respect to certain of the Company’s unconsolidated entities’ outstanding debt obligations, loan commitments and our guarantees thereon are as follows ($ amounts in thousands): January 31, 2021 Loan commitments in the aggregate $ 1,858,000 Our maximum estimated exposure under repayment and carry cost guarantees if the full amount of the debt obligations were borrowed $ 327,500 Debt obligations borrowed in the aggregate $ 1,108,500 Our maximum estimated exposure under repayment and carry cost guarantees of the debt obligations borrowed $ 236,700 Estimated fair value of guarantees provided by us related to debt and other obligations $ 8,800 Terms of guarantees 1 month - 3.8 years The maximum exposure estimates presented above do not take into account any recoveries from the underlying collateral or any reimbursement from our partners. We have not made payments under any of the outstanding guarantees, nor have we been called upon to do so. Variable Interest Entities The table below provide information as of January 31, 2021 and October 31, 2020, regarding our unconsolidated joint venture-related variable interests in VIEs ($ amounts in thousands): January 31, 2021 October 31, 2020 Number of Joint Venture VIEs that the Company is not the Primary Beneficiary (“PB”) 12 12 Investment balance in unconsolidated Joint Venture VIEs included in Investments in unconsolidated entities in our Consolidated Balance Sheets $ 55,300 $ 63,100 Our maximum exposure to losses related to loan guarantees and additional commitments provided to unconsolidated Joint Venture VIEs $ 282,700 $ 122,100 Our ownership interest in the above unconsolidated Joint Venture VIEs ranges from 20% to 50%. The table below provide information as of January 31, 2021 and October 31, 2020, regarding our consolidated joint venture-related variable interests in VIEs ($ amounts in thousands): Balance Sheet Classification January 31, 2021 October 31, 2020 Number of Joint Venture VIEs that the Company is the PB and consolidates 5 5 Carrying value of consolidated VIEs assets Receivables prepaid expenses, and other assets $ 113,300 $ 163,000 Our partners’ interests in consolidated VIEs Noncontrolling interest $ 41,700 $ 46,200 Our ownership interest in the above consolidated Joint Venture VIEs ranges from 50% to 98%. As shown above, we have concluded we are the PB of certain VIEs due to our controlling financial interest in such ventures as we have the power to direct the activities that most significantly impact the joint ventures’ performance and the obligation to absorb expected losses or receive benefits from the joint ventures. The assets of these VIEs can only be used to settle the obligations of the VIEs. In addition, in certain of the joint ventures, in the event additional contributions are required to be funded to the joint ventures prior to the admission of any additional investor at a future date, we will fund 100% of such contributions, including our partner’s pro rata share, which we expect would be funded through an interest-bearing loan. For other VIEs, we have concluded that we are not the PB because the power to direct the activities of such VIEs that most significantly impact their performance was either shared by us and such VIEs’ other partners or such activities were controlled by our partner. For VIEs where the power to direct significant activities is shared, business plans, budgets, and other major decisions are required to be unanimously approved by all members. Management and other fees earned by us are nominal and believed to be at market rates, and there is no significant economic disproportionality between us and other members. Joint Venture Condensed Financial Information The Condensed Balance Sheets, as of the dates indicated, and the Condensed Statements of Operations, for the periods indicated, for the unconsolidated entities in which we have an investment are included below (in thousands): Condensed Balance Sheets: January 31, October 31, Cash and cash equivalents $ 98,195 $ 109,478 Inventory 736,821 511,000 Loans receivable, net 66,974 78,576 Rental properties 1,428,734 1,244,911 Rental properties under development 700,218 666,386 Real estate owned 6,818 6,752 Other assets 170,708 169,368 Total assets $ 3,208,468 $ 2,786,471 Debt, net of deferred financing costs $ 1,443,949 $ 1,368,065 Other liabilities 211,245 186,817 Members’ equity 1,544,803 1,231,173 Noncontrolling interest 8,471 416 Total liabilities and equity $ 3,208,468 $ 2,786,471 Company’s net investment in unconsolidated entities (1) $ 571,632 $ 430,701 (1) Differences between our net investment in unconsolidated entities and our underlying equity in the net assets of the entities amounted to $34.3 million and $29.4 million as of January 31, 2021 and October 31, 2020, respectively, and are primarily a result of the deferred recognition of a sale of assets to a joint venture; other than temporary impairments related to our investments in unconsolidated entities; interest capitalized on our investments; the estimated fair value of the guarantees provided to the joint ventures; unrealized gains on our retained joint venture interests; gains recognized from the sale of our ownership interests; and distributions from entities in excess of the carrying amount of our net investment. Condensed Statements of Operations: Three months ended January 31, 2021 2020 Revenues $ 92,530 $ 133,170 Cost of revenues (3) 96,723 95,308 Other expenses (3) 35,390 41,183 Total expenses 132,113 136,491 Loss from operations (39,583) (3,321) Other income 948 612 Loss before income taxes (38,635) (2,709) Income tax (benefit) provision (1,506) 140 Net loss including earnings from noncontrolling interests (37,129) (2,849) Less: loss attributable to noncontrolling interest (174) — Net loss attributable to controlling interest $ (37,303) $ (2,849) Company’s equity in earnings of unconsolidated entities (2) $ 1,194 $ 12,141 (2) Differences between our equity in earnings of unconsolidated entities and the underlying net income (loss) of the entities are primarily a result of distributions from entities in excess of the carrying amount of our investment; other than temporary impairments related to our investments in unconsolidated entities; recoveries of previously incurred charges; unrealized gains on our retained joint venture interests; gains recognized from the sale of our investment to our joint venture partner; and our share of the entities’ profits related to home sites purchased by us which reduces our cost basis of the home sites acquired. (3) Effective October 31, 2020, we reclassified sales commissions paid to third-party brokers from home sales cost of revenues to selling, general and administrative expense. Prior year periods have been reclassified to conform to the 2021 presentation.

Receivables, Prepaid Expenses,

Receivables, Prepaid Expenses, and Other Assets	3 Months Ended
	Jan. 31, 2021
Receivables, prepaid expenses and other assets [Abstract]
Receivables, Prepaid Expenses, and Other Assets [Text Block]	Receivables, Prepaid Expenses, and Other Assets Receivables, prepaid expenses, and other assets at January 31, 2021 and October 31, 2020, consisted of the following (amounts in thousands): January 31, 2021 October 31, 2020 Expected recoveries from insurance carriers and others $ 77,180 $ 79,269 Improvement cost receivable 85,539 86,116 Escrow cash held by our captive title company 28,540 24,712 Properties held for rental apartment and commercial development 504,580 542,796 Prepaid expenses 29,472 28,104 Right-of-use asset 101,495 105,004 Other 80,969 90,293 $ 907,775 $ 956,294 See Note 7, “Accrued Expenses,” for additional information regarding the expected recoveries from insurance carriers and others. As of January 31, 2021 and October 31, 2020, properties held for rental apartment and commercial development include $113.3 million and $163.0 million, respectively, of assets related to consolidated VIEs. See Note 4, “Investments in Unconsolidated Entities” for additional information regarding VIEs.

Loans Payable, Senior Notes and

Loans Payable, Senior Notes and Mortgage Company Loan Facility	3 Months Ended
	Jan. 31, 2021
Debt Disclosure [Abstract]
Loans Payable, Senior Notes, and Mortgage Company Loan Facility	Loans Payable, Senior Notes, and Mortgage Company Loan Facility Loans Payable At January 31, 2021 and October 31, 2020, loans payable consisted of the following (amounts in thousands): January 31, October 31, Senior unsecured term loan $ 650,000 $ 800,000 Loans payable – other 324,140 351,257 Deferred issuance costs (2,636) (3,302) $ 971,504 $ 1,147,955 Senior Unsecured Term Loan We have a five In November 2020, we entered into five interest rate swap transactions to hedge $400.0 million of the Term Loan Facility through October 2025. The interest rate swaps effectively fix the interest cost on the $400.0 million at 0.369% plus the spread set forth in the pricing schedule in the Term Loan Facility, which was 1.05% as of January 31, 2021. These interest rate swaps were designated as cash flow hedges. Revolving Credit Facility We have a $1.905 billion, five Under the terms of the Revolving Credit Facility, at January 31, 2021, our maximum leverage ratio, as defined, may not exceed 1.75 to 1.00, and we are required to maintain a minimum tangible net worth, as defined, of no less than approximately $2.10 billion. Under the terms of the Revolving Credit Facility, at January 31, 2021, our leverage ratio was approximately 0.57 to 1.00, and our tangible net worth was approximately $4.72 billion. Based upon the limitations related to our repurchase of common stock in the Revolving Credit Facility, our ability to repurchase our common stock was limited to approximately $3.66 billion as of January 31, 2021. In addition, under the provisions of the Revolving Credit Facility, our ability to pay cash dividends was limited to approximately $2.62 billion as of January 31, 2021. At January 31, 2021, we had no outstanding borrowings under the Revolving Credit Facility and had approximately $120.2 million of outstanding letters of credit that were issued under the Revolving Credit Facility. At January 31, 2021, the interest rate on borrowings under the Revolving Credit Facility would have been 1.32% per annum . Loans Payable – Other “Loans payable – other” primarily represents purchase money mortgages on properties we acquired that the seller had financed and various revenue bonds that were issued by government entities on our behalf to finance community infrastructure and our manufacturing facilities. At January 31, 2021, the weighted-average interest rate on “Loans payable – other” was 4.35% per annum. Senior Notes At January 31, 2021, we had seven issues of senior notes outstanding with an aggregate principal amount of $2.66 billion. In our first quarter of fiscal 2021, we redeemed, prior to maturity, approximately $10.0 million of the $419.9 million then-outstanding principal amount of 5.875% Senior Notes due February 15, 2022, at par, plus accrued interest. Subsequent event In February 2021, we delivered notice to the holders of our outstanding 5.625% Senior Notes due 2024 that we intend to redeem, prior to maturity, all $250.0 million aggregate principal amount of such notes on March 15, 2021. In connection with this redemption, we expect to incur a pre-tax charge of approximately $34.0 million in our second quarter of fiscal 2021. Mortgage Company Loan Facility In October 2017, TBI Mortgage ® Company (“TBI Mortgage”), our wholly owned mortgage subsidiary, entered into a mortgage warehousing agreement (the “Warehousing Agreement”) with a bank to finance the origination of mortgage loans by TBI Mortgage. The Warehousing Agreement is accounted for as a secured borrowing under ASC 860, “Transfers and Servicing.” In December 2018, the Warehousing Agreement was amended to provide for loan purchases up to $75.0 million, subject to certain sublimits. In addition, the Warehousing Agreement, as amended, provides for an accordion feature under which TBI Mortgage may request that the aggregate commitments under the Warehousing Agreement be increased to an amount up to $150.0 million for a short period of time. The Warehousing Agreement, as amended, expired on March 4, 2021, and borrowings thereunder bore interest at LIBOR plus 1.90% per annum. At January 31, 2021, the interest rate on the Warehousing Agreement, as amended, was 2.02% per annum. In March 2021, the Warehousing Agreement was amended and restated to extend the expiration date to March 3, 2022 and borrowings thereunder will bear interest at LIBOR (with a LIBOR floor of 0.75%) plus 1.75% per annum.

Accrued Expenses

Accrued Expenses	3 Months Ended
	Jan. 31, 2021
Payables and Accruals [Abstract]
Accrued Expenses	Accrued Expenses Accrued expenses at January 31, 2021 and October 31, 2020 consisted of the following (amounts in thousands): January 31, October 31, Land, land development, and construction $ 219,033 $ 233,783 Compensation and employee benefits 183,795 219,965 Escrow liability 27,047 23,067 Self-insurance 222,809 215,884 Warranty 150,877 157,351 Lease liabilities 121,246 124,756 Deferred income 80,253 34,096 Interest 47,607 38,446 Commitments to unconsolidated entities 11,584 8,928 Other 44,878 53,920 $ 1,109,129 $ 1,110,196 The table below provides, for the periods indicated, a reconciliation of the changes in our warranty accrual (amounts in thousands): Three months ended January 31, 2021 2020 Balance, beginning of period $ 157,351 $ 201,886 Additions – homes closed during the period 7,402 7,024 Increase in accruals for homes closed in prior years 1,194 1,218 Charges incurred (15,070) (21,212) Balance, end of period $ 150,877 $ 188,916 Since fiscal 2014, we have received water intrusion claims from owners of homes built since 2002 in communities located in Pennsylvania and Delaware (which are in our North region). During fiscal 2021, we continued to receive water intrusion claims from homeowners in this region, mostly related to older homes, and we continue to perform review procedures to assess, among other things, the number of affected homes, whether repairs are likely to be required, and the extent of such repairs. Our review process, conducted quarterly, includes an analysis of many factors applicable to these communities to determine whether a claim is likely to be received and the estimated costs to resolve any such claim, including: the closing dates of the homes; the number of claims received; our inspection of homes; an estimate of the number of homes we expect to repair; the type and cost of repairs that have been performed in each community; the estimated costs to remediate pending and future claims; the expected recovery from our insurance carriers and suppliers; and the previously recorded amounts related to these claims. We also monitor legal developments relating to these types of claims and review the volume, relative merits and adjudication of claims in litigation or arbitration. From October 31, 2016 through the second quarter of fiscal 2020, our recorded aggregate estimated repair costs to be incurred for known and unknown water intrusion claims was $324.4 million and our recorded aggregate expected recoveries from insurance carriers and suppliers were approximately $152.6 million. Based on trends in claims experience over several years and lower than anticipated repair costs, in the second fiscal quarter of 2020, we reduced the estimate of the aggregate estimated repair costs to be incurred for known and unknown water intrusion claims by $24.4 million. Because this reduction was associated with periods in which we expect our insurance deductibles and self-insured retentions to be exhausted, we reduced our aggregate expected recoveries from insurance carriers and suppliers by a corresponding $24.4 million. Our recorded remaining estimated repair costs, which reflects a reduction for the aggregate amount expended to resolve claims, were approximately $75.2 million at January 31, 2021 and $79.5 million at October 31, 2020. Our recorded remaining expected recoveries from insurance carriers and suppliers were approximately $67.3 million at January 31, 2021 and $68.4 million at October 31, 2020. As noted above, our review process includes a number of estimates that are based on assumptions with uncertain outcomes, including, but not limited to, the number of homes to be repaired, the extent of repairs needed, the repair procedures employed, the cost of those repairs, outcomes of litigation or arbitration, and expected recoveries from insurance carriers and suppliers. Due to the degree of judgment required in making these estimates and the inherent uncertainty in potential outcomes, it is reasonably possible that our actual costs and recoveries could differ from those recorded and such differences could be material. In addition, due to such uncertainty, we are unable to estimate the range of any such differences. With respect to our insurance receivables, disputes between home builders and carriers over coverage positions relating to construction defect claims are common, and resolution of claims with carriers involves the exchange of significant amounts of information and frequently involves legal action. While our primary insurance carrier has funded substantially all of the water intrusion claims that we have submitted to it to date, other insurance carriers have disputed coverage for the same claims under policies that are substantially the same. As a result, we entered arbitration proceedings during the third quarter of fiscal 2019 with these carriers. Based on the legal merits that support our pending insurance claims, review by legal counsel, our history of collecting significant amounts funded by our primary carrier under policies that are substantially the same, and the high credit ratings of our insurance carriers, we believe collection of our remaining recorded insurance receivables is probable. However, due to the complexity of the underlying claims and the variability of the other factors described above, it is reasonably possible that our actual insurance recoveries could materially differ from those recorded. Resolution of these known and unknown claims is expected to take several years.

Income Taxes

Income Taxes	3 Months Ended
	Jan. 31, 2021
Income Tax Disclosure [Abstract]
Income Taxes	Income TaxesWe recorded income tax provisions of $30.9 million and $9.1 million for the three months ended January 31, 2021 and 2020, respectively. The effective tax rate was 24.3% for the three months ended January 31, 2021, compared to 13.7% for the three months ended January 31, 2020. The higher effective tax rate for the three months ended January 31, 2021 was primarily due to a benefit recognized of $6.9 million in the fiscal 2020 period from the retroactive extension of the federal energy efficient home credit, which was enacted into law on December 20, 2019. The income tax provisions for all periods included the provision for state income taxes, interest accrued on anticipated tax assessments, excess tax benefits related to stock-based compensation, and other permanent differences. We are subject to state tax in the jurisdictions in which we operate. We estimate our state tax liability based upon the individual taxing authorities’ regulations, estimates of income by taxing jurisdiction, and our ability to utilize certain tax-saving strategies. Based on our estimate of the allocation of income or loss among the various taxing jurisdictions and changes in tax regulations and their impact on our tax strategies, we estimate that our state income tax rate for the full fiscal year 2021 will be approximately 6.0%. Our state income tax rate for the full fiscal year 2020 was 5.6%. At January 31, 2021, we had $6.7 million of gross unrecognized tax benefits, including interest and penalties. If these unrecognized tax benefits were to reverse in the future, they would have a beneficial impact on our effective tax rate at that time. During the next 12 months, it is reasonably possible that our unrecognized tax benefits will change, but we are not able to provide a range of such change. The possible changes would be principally due to the expiration of tax statutes, settlements with taxing jurisdictions, increases due to new tax positions taken, and the accrual of estimated interest and penalties.

Stock-Based Benefit Plans

Stock-Based Benefit Plans	3 Months Ended
	Jan. 31, 2021
Share-based Payment Arrangement [Abstract]
Stock-Based Benefit Plans	Stock-Based Benefit Plans We grant stock options and various types of restricted stock units to our employees and our non-employee directors. Additionally, we have an employee stock purchase plan that allows employees to purchase our stock at a discount. Information regarding the amount of total stock-based compensation expense and tax benefit recognized by us, for the periods indicated, is as follows (amounts in thousands): Three months ended January 31, 2021 2020 Total stock-based compensation expense recognized $ 12,834 $ 13,383 Income tax benefit recognized $ 3,289 $ 3,407 At January 31, 2021 and October 31, 2020, the aggregate unamortized value of outstanding stock-based compensation awards was approximately $26.0 million and $15.9 million, respectively.

Stock Repurchase Program and Ca

Stock Repurchase Program and Cash Dividend	3 Months Ended
	Jan. 31, 2021
Stock Repurchase Program [Abstract]
Stock Repurchase Program [Text Block]	Stock Repurchase Program and Cash Dividends Stock Repurchase Program On March 10, 2020, our Board of Directors terminated our existing 20 million share repurchase program, which was authorized in December 2019, and authorized, under a new repurchase program, the repurchase of 20 million shares of our common stock in open market transactions, privately negotiated transactions (including accelerated share repurchases), issuer tender offers or other financial arrangements or transactions, in each case for general corporate purposes, including to obtain shares for the Company’s equity award and other employee benefit plans. Our Board of Directors did not fix any expiration date for this repurchase program. The table below provides, for the periods indicated, information about our share repurchase programs: Three months ended January 31, 2021 2020 Number of shares purchased (in thousands) 4,027 11,686 Average price per share $ 44.54 $ 40.73 Remaining authorization at January 31 (in thousands) 15,957 8,314 Cash Dividends

Earnings Per Share Information

Earnings Per Share Information	3 Months Ended
	Jan. 31, 2021
Earnings Per Share [Abstract]
Income per Share Information	Earnings per Share Information The table below provides, for the periods indicated, information pertaining to the calculation of earnings per share, common stock equivalents, weighted-average number of antidilutive options, and shares issued (amounts in thousands): Three months ended January 31, 2021 2020 Numerator: Net income as reported $ 96,499 $ 56,876 Denominator: Basic weighted-average shares 126,060 138,145 Common stock equivalents (1) 1,502 1,744 Diluted weighted-average shares 127,562 139,889 Other information: Weighted-average number of antidilutive options and restricted stock units (2) 589 675 Shares issued under stock incentive and employee stock purchase plans 456 547 (1) Common stock equivalents represent the dilutive effect of outstanding in-the-money stock options using the treasury stock method and shares expected to be issued upon the conversion of restricted stock units under our equity award programs. (2) Weighted-average number of antidilutive options and restricted stock units are based upon the average closing price of our common stock on the New York Stock Exchange for the period.

Fair Value Disclosures

Fair Value Disclosures	3 Months Ended
	Jan. 31, 2021
Fair Value Disclosures [Abstract]
Fair Value Disclosures [Text Block]	Fair Value Disclosures Financial Instruments The table below provides, as of the dates indicated, a summary of assets/(liabilities) related to our financial instruments, measured at fair value on a recurring basis (amounts in thousands): Fair value Financial Instrument Fair value January 31, October 31, 2020 Residential Mortgage Loans Held for Sale Level 2 $ 125,475 $ 231,797 Forward Loan Commitments — Residential Mortgage Loans Held for Sale Level 2 $ 52 $ (31) Interest Rate Lock Commitments (“IRLCs”) Level 2 $ (358) $ 628 Forward Loan Commitments — IRLCs Level 2 $ 358 $ (628) Interest Rate Swap Contracts Level 2 $ 652 $ — At January 31, 2021 and October 31, 2020, the carrying value of cash and cash equivalents and customer deposits held in escrow approximated fair value. The fair values of the interest rate swap contracts are determined using widely accepted valuation techniques including discounted cash flow analysis based on the expected cash flows of each swap contract. Although the Company has determined that the significant inputs, such as interest yield curve and discount rate, used to value its interest rate swap contracts fall within Level 2 of the fair value hierarchy, the credit valuation adjustments associated with our counterparties and our own credit risk utilize Level 3 inputs, such as estimates of current credit spreads to evaluate the likelihood of default by us and our counterparties. However, as of January 31, 2021, we have assessed the significance of the impact of the credit valuation adjustments on the overall valuation of our interest rate swap contract positions and have determined that the credit valuation adjustments were not significant to the overall valuation of our interest rate swap contracts. As a result, we have determined that our interest rate swap contracts valuations in their entirety are classified in Level 2 of the fair value hierarchy. Mortgage Loans Held for Sale At the end of the reporting period, we determine the fair value of our mortgage loans held for sale and the forward loan commitments we have entered into as a hedge against the interest rate risk of our mortgage loans and commitments using the market approach to determine fair value. The table below provides, as of the dates indicated, the aggregate unpaid principal and fair value of mortgage loans held for sale (amounts in thousands): Aggregate unpaid Fair value Excess At January 31, 2021 $ 122,879 $ 125,475 $ 2,596 At October 31, 2020 $ 225,826 $ 231,797 $ 5,971 Inventory We recognize inventory impairment charges based on the difference in the carrying value of the inventory and its fair value at the time of the evaluation. The fair value of inventory was determined using Level 3 criteria. See Note 1, “Significant Accounting Policies – Inventory,” in our 2020 Form 10-K for information regarding our methodology for determining fair value. The table below summarizes, for the periods indicated, the ranges of certain quantitative unobservable inputs utilized in determining the fair value of impaired operating communities: Three months ended: Selling price Sales pace Discount rate Fiscal 2021: January 31 2,003 2 14.3% Fiscal 2020: January 31 — — —% April 30 613 - 789 9 14.3% July 31 — — —% October 31 — — —% In fiscal 2020, we recognized $31.7 million of impairment charges on land owned for future communities relating to nine communities. As of the period the impairment charges were recognized, the estimated fair value of these communities in the aggregate, net of impairment charges, was $21.8 million. For the majority of these communities, the estimated fair values were determined based upon the expected sales price per lot in a community sale to another builder. The range of sales price per lot utilized in determining fair values in fiscal 2020 was approximately $33,000 - $180,000 per lot. The table below provides, for the periods indicated, the number of operating communities that we reviewed for potential impairment, the number of operating communities in which we recognized impairment charges, the amount of impairment charges recognized, and, as of the end of the period indicated, the fair value of those communities, net of impairment charges ($ amounts in thousands): Impaired operating communities Three months ended: Number of Number of Fair value of Impairment charges recognized Fiscal 2021: January 31 53 1 $ 419 $ 1,100 $ 1,100 Fiscal 2020: January 31 65 — $ — $ — April 30 80 1 $ 2,754 300 July 31 66 — $ — — October 31 53 1 $ 1,113 375 $ 675 Debt The table below provides, as of the dates indicated, the book value and estimated fair value of our debt (amounts in thousands): January 31, 2021 October 31, 2020 Fair value Book value Estimated Book value Estimated Loans payable (1) Level 2 $ 974,139 $ 979,592 $ 1,151,257 $ 1,157,315 Senior notes (2) Level 1 2,659,856 2,914,484 2,669,876 2,888,822 Mortgage company loan facility (3) Level 2 112,619 112,619 148,611 148,611 $ 3,746,614 $ 4,006,695 $ 3,969,744 $ 4,194,748 (1) The estimated fair value of loans payable was based upon contractual cash flows discounted at interest rates that we believed were available to us for loans with similar terms and remaining maturities as of the applicable valuation date. (2) The estimated fair value of our senior notes is based upon their market prices as of the applicable valuation date. (3) We believe that the carrying value of our mortgage company loan borrowings approximates their fair value.

Other Income - Net

Other Income - Net	3 Months Ended
	Jan. 31, 2021
Other Income and Expenses [Abstract]
Other Income - net	Other Income – Net The table below provides the significant components of other income – net (amounts in thousands): Three months ended January 31, 2021 2020 Interest income $ 1,455 $ 4,902 Income from ancillary businesses 6,859 522 Management fee income from Home Building Joint Ventures, net 117 1,346 Other (1,330) (475) Total other income – net $ 7,101 $ 6,295 Management fee income from home building unconsolidated entities presented above primarily represents fees earned by Toll Brothers City Living ® (“City Living”) and traditional home building operations. In addition, in the three-month periods ended January 31, 2021 and 2020, our apartment living operations earned fees from unconsolidated entities of $4.8 million and $3.8 million, respectively. Fees earned by our apartment living operations are included in income from ancillary businesses. Income from ancillary businesses is generated by our mortgage, title, landscaping, security monitoring, Gibraltar, apartment living and golf course and country club operations. The table below provides, for the periods indicated, revenues and expenses for our ancillary businesses (amounts in thousands): Three months ended January 31, 2021 2020 Revenues $ 29,101 $ 26,410 Expenses $ 22,242 $ 25,888

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Jan. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies Disclosure [Text Block]	Commitments and Contingencies Legal Proceedings We are involved in various claims and litigation arising principally in the ordinary course of business. We believe that adequate provision for resolution of all current claims and pending litigation has been made and that the disposition of these matters will not have a material adverse effect on our results of operations and liquidity or on our financial condition. In March 2018, the Pennsylvania Attorney General informed the Company that it was conducting a review of our construction of stucco homes in Pennsylvania after January 1, 2005 and requested that we voluntarily produce documents and information. The Company has produced documents and information in response to this request and, in addition, has produced requested information and documents in response to a subpoena issued in the second quarter of fiscal 2019. Management cannot at this time predict the eventual scope or outcome of this matter. Land Purchase Commitments Generally, our agreements to acquire land parcels do not require us to purchase those land parcels, although we, in some cases, forfeit any deposit balance outstanding if and when we terminate an agreement. Information regarding our land purchase commitments, as of the dates indicated, is provided in the table below (amounts in thousands): January 31, 2021 October 31, 2020 Aggregate purchase commitments: Unrelated parties $ 2,744,059 $ 2,630,128 Unconsolidated entities that the Company has investments in 8,787 10,097 Total $ 2,752,846 $ 2,640,225 Deposits against aggregate purchase commitments $ 207,600 $ 223,571 Additional cash required to acquire land 2,545,246 2,416,654 Total $ 2,752,846 $ 2,640,225 Amount of additional cash required to acquire land included in accrued expenses $ 18,092 $ 19,590 In addition, we expect to purchase approximately 3,900 additional home sites over a number of years from several joint ventures in which we have interests; the purchase prices of these home sites will be determined at a future date. At January 31, 2021, we also had similar purchase commitments to acquire land for apartment developments of approximately $121.5 million, of which we had outstanding deposits in the amount of $6.5 million. We intend to develop these projects in joint ventures with unrelated parties in the future. We have additional land parcels under option that have been excluded from the aggregate purchase commitments since we do not believe that we will complete the purchase of these land parcels and no additional funds will be required from us to terminate these contracts. Investments in Unconsolidated Entities At January 31, 2021, we had investments in a number of unconsolidated entities, were committed to invest or advance additional funds, and had guaranteed a portion of the indebtedness and/or loan commitments of these entities. See Note 4, “Investments in Unconsolidated Entities,” for more information regarding our commitments to these entities. Surety Bonds and Letters of Credit At January 31, 2021, we had outstanding surety bonds amounting to $800.4 million, primarily related to our obligations to governmental entities to construct improvements in our communities. We estimate that approximately $383.6 million of work remains on these improvements. We have an additional $188.5 million of surety bonds outstanding that guarantee other obligations. We do not believe that it is probable that any outstanding bonds will be drawn upon. At January 31, 2021, we had outstanding letters of credit of $120.2 million under our Revolving Credit Facility. These letters of credit were issued to secure various financial obligations, including insurance policy deductibles and other claims, land deposits, and security to complete improvements in communities in which we are operating. We do not believe that it is probable that any outstanding letters of credit will be drawn upon. Backlog At January 31, 2021, we had agreements of sale outstanding to deliver 8,888 homes with an aggregate sales value of $7.47 billion. Mortgage Commitments Our mortgage subsidiary provides mortgage financing for a portion of our home closings. For those home buyers to whom our mortgage subsidiary provides mortgages, we determine whether the home buyer qualifies for the mortgage based upon information provided by the home buyer and other sources. For those home buyers who qualify, our mortgage subsidiary provides the home buyer with a mortgage commitment that specifies the terms and conditions of a proposed mortgage loan based upon then-current market conditions. Prior to the actual closing of the home and funding of the mortgage, the home buyer will lock in an interest rate based upon the terms of the commitment. At the time of rate lock, our mortgage subsidiary agrees to sell the proposed mortgage loan to one of several outside recognized mortgage financing institutions (“investors”) that is willing to honor the terms and conditions, including interest rate, committed to the home buyer. We believe that these investors have adequate financial resources to honor their commitments to our mortgage subsidiary. Mortgage loans are sold to investors with limited recourse provisions derived from industry-standard representations and warranties in the relevant agreements. These representations and warranties primarily involve the absence of misrepresentations by the borrower or other parties, the appropriate underwriting of the loan and in some cases, a required minimum number of payments to be made by the borrower. The Company generally does not retain any other continuing interest related to mortgage loans sold in the secondary market. Information regarding our mortgage commitments, as of the dates indicated, is provided in the table below (amounts in thousands): January 31, October 31, 2020 Aggregate mortgage loan commitments: IRLCs $ 521,022 $ 381,116 Non-IRLCs 2,280,509 1,688,801 Total $ 2,801,531 $ 2,069,917 Investor commitments to purchase: IRLCs $ 521,022 $ 381,116 Mortgage loans held for sale 117,309 217,876 Total $ 638,331 $ 598,992

Information on Segments

Information on Segments	3 Months Ended
	Jan. 31, 2021
Segment Reporting [Abstract]
Segment Reporting Disclosure	Information on Segments We operate in two segments: traditional home building and urban infill. We build and sell detached and attached homes in luxury residential communities located in affluent suburban markets that cater to move-up, empty-nester, active-adult, affordable luxury, age-qualified, and second-home buyers in the United States (“Traditional Home Building”). We also build and sell homes in urban infill markets through City Living. Our Traditional Home Building segment operates in the following five geographic segments, wtih current operations in the states listed below: • The North region: Connecticut, Delaware, Illinois, Massachusetts, Michigan, Pennsylvania, New Jersey and New York; • The Mid-Atlantic region: Georgia, Maryland, North Carolina, Tennessee and Virginia; • The South region: Florida, South Carolina and Texas; • The Mountain region: Arizona, Colorado, Idaho, Nevada and Utah; and • The Pacific region: California, Oregon and Washington. Revenues and income (loss) before income taxes for each of our segments, for the periods indicated, were as follows (amounts in thousands): Three months ended January 31, 2021 2020 Revenues: Traditional Home Building: North $ 312,639 $ 254,059 Mid-Atlantic 163,984 162,476 South 216,884 183,630 Mountain 377,977 263,096 Pacific 331,158 395,356 Traditional Home Building 1,402,642 1,258,617 City Living 7,793 39,835 Corporate and other 269 (1,115) Total home sales revenues 1,410,704 1,297,337 Land sales and other revenues 152,672 34,094 Total revenues $ 1,563,376 $ 1,331,431 Income (loss) before income taxes: Traditional Home Building: North $ 18,882 $ 2,531 Mid-Atlantic 18,813 6,988 South 21,483 9,077 Mountain 36,013 17,585 Pacific 47,554 63,322 Traditional Home Building 142,745 99,503 City Living (1) 32,692 9,549 Corporate and other (48,032) (43,120) Total $ 127,405 $ 65,932 (1) In the first quarter of fiscal 2021, we sold certain commercial assets associated with our Hoboken, New Jersey condominium projects for $82.4 million which is included in Land sales and other revenues above. City Living recognized net gains of $38.3 million from these sales. “Corporate and other” is comprised principally of general corporate expenses such as our executive offices; the corporate finance, accounting, audit, tax, human resources, risk management, information technology, marketing, and legal groups; interest income; income from certain of our ancillary businesses, including Gibraltar; and income from our Rental Property Joint Ventures and Gibraltar Joint Ventures. Total assets for each of our segments, as of the dates indicated, are shown in the table below (amounts in thousands): January 31, October 31, Traditional Home Building: North $ 1,415,114 $ 1,427,523 Mid-Atlantic 984,134 918,641 South 1,289,620 1,176,962 Mountain 2,053,597 1,961,348 Pacific 2,343,787 2,226,685 Traditional Home Building 8,086,252 7,711,159 City Living 542,763 539,750 Corporate and other 2,234,978 2,814,824 Total $ 10,863,993 $ 11,065,733 “Corporate and other” is comprised principally of cash and cash equivalents, restricted cash, deferred tax assets, investments in our Rental Property Joint Ventures, expected recoveries from insurance carriers and suppliers, our Gibraltar investments and operations, manufacturing facilities, and our mortgage and title subsidiaries. The amounts we have provided for inventory impairment charges and the expensing of costs that we believed not to be recoverable for each of our segments, for the periods indicated, were as follows (amounts in thousands): Three months ended January 31, 2021 2020 Traditional Home Building: North $ 35 $ 94 Mid-Atlantic 32 1 South 25 747 Mountain 9 178 Pacific 66 11 Total 167 1,031 City Living 1,100 — $ 1,267 $ 1,031

Significant Accounting Polici_2

Significant Accounting Policies (Policies)	3 Months Ended
	Jan. 31, 2021
Accounting Policies [Abstract]
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	Basis of Presentation The accompanying condensed consolidated financial statements include the accounts of Toll Brothers, Inc. (the “Company,” “we,” “us,” or “our”), a Delaware corporation, and its majority owned subsidiaries. All significant intercompany accounts and transactions have been eliminated. Investments in 50% or less owned partnerships and affiliates are accounted for using the equity method unless it is determined that we have effective control of the entity, in which case we would consolidate the entity. The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with the rules and regulations of the Securities and Exchange Commission (“SEC”) for interim financial information. The October 31, 2020 balance sheet amounts and disclosures included herein have been derived from our October 31, 2020 audited financial statements. Since the accompanying condensed consolidated financial statements do not include all the information and footnotes required by U.S. generally accepted accounting principles (“GAAP”) for complete financial statements, they should be read in conjunction with the consolidated financial statements and notes thereto included in our Annual Report on Form 10-K for the fiscal year ended October 31, 2020 (“2020 Form 10-K”). In the opinion of management, the accompanying unaudited condensed consolidated financial statements include all adjustments, which are of a normal recurring nature, necessary to present fairly our financial position as of January 31, 2021; the results of our operations and changes in equity for the three-month periods ended January 31, 2021 and 2020; and our cash flows for the three-month periods ended January 31, 2021 and 2020. The results of operations for such interim periods are not necessarily indicative of the results to be expected for the full year. Use of Estimates The preparation of financial statements in accordance with GAAP requires us to make estimates and assumptions that affect the amounts reported in the condensed consolidated financial statements and accompanying notes. In times of economic disruption when uncertainty regarding future economic conditions is heightened, these estimates and assumptions are subject to greater variability. The Company is currently subject to risks and uncertainties resulting from the COVID-19 pandemic, which continues to impact our results of operations as well as our business operations. As a result, actual results could differ from the estimates and assumptions we make that affect the amounts reported in the condensed consolidated financial statements and accompanying notes, and such differences may be material. Reclassifications As discussed in our 2020 Form 10-K, effective October 31, 2020, we reclassified sales commissions paid to third-party brokers from home sales cost of revenues to selling, general and administrative expense in our Consolidated Statements of Operations and Comprehensive Income. The reclassification aligns the treatment of sales commissions paid to third-party brokers with the treatment of sales commissions paid to in-house salespersons, and is consistent with the manner in which the majority of the Company’s peers treat such commissions. The reclassification had the effect of lowering home sales cost of revenues (and increasing home sales gross margin) and increasing selling, general and administrative expense by the amount of third-party broker commissions, which totaled $26.8 million, or 2.1% of home sales revenues for the three months ended January 31, 2020. All prior period amounts have been reclassified to conform to the 2021 presentation.
Revenue [Policy Text Block]	Revenue Recognition Home sales revenues: Revenues and cost of revenues from home sales are recognized at the time each home is delivered and title and possession are transferred to the buyer. For the majority of our home closings, our performance obligation to deliver a home is satisfied in less than one year from the date a binding sale agreement is signed. In certain states where we build, we are not able to complete certain outdoor features prior to the closing of the home. To the extent these separate performance obligations are not complete upon the home closing, we defer a portion of the home sales revenues related to these obligations and subsequently recognize the revenue upon completion of such obligations. As of January 31, 2021, the home sales revenues and related costs we deferred related to these obligations were immaterial. Our contract liabilities, consisting of deposits received from customers for sold but undelivered homes, totaled $523.6 million and $459.4 million at January 31, 2021 and October 31, 2020, respectively. Of the outstanding customer deposits held as of October 31, 2020, we recognized $94.0 million in home sales revenues during the three months ended January 31, 2021. Land sales and other revenues: Our revenues from land sales and other generally consist of: (1) lot sales to third-party builders within our master planned communities; (2) land sales to joint ventures in which we retain an interest; (3) bulk sales to third parties of land we have decided no longer meets our development criteria and (4) sales of commercial and retail properties generally located at our City Living buildings. In general, our performance obligation for each of these land sales is fulfilled upon the delivery of the land, which generally coincides with the receipt of cash consideration from the counterparty. For land sale transactions that contain repurchase options, revenues and related costs are not recognized until the repurchase option expires. In addition, when we sell land to a joint venture in which we retain an interest, we do not recognize revenue or gains on the sale to the extent of our retained interest in such joint venture. Forfeited Customer Deposits: Forfeited customer deposits are recognized in “Home sales revenues” in our Condensed Consolidated Statements of Operations and Comprehensive Income in the period in which we determine that the customer will not complete the purchase of the home and we have the right to retain the deposit. Sales Incentives: In order to promote sales of our homes, we may offer our home buyers sales incentives. These incentives vary by type and amount on a community-by-community and home-by-home basis. Incentives are reflected as a reduction in home sales revenues. Incentives are recognized at the time the home is delivered to the home buyer and we receive the sales proceeds.
Derivatives, Policy	Derivative Instruments and Hedging Activities Our objective in entering into derivative transactions is to manage our exposure to interest rate movements associated with certain variable rate debt. We recognize derivatives as either assets or liabilities on the balance sheet and measures those instruments at fair value. Since all of our derivatives are designated as cash flow hedges, the entire change in the fair value of the derivative included in the assessment of hedge effectiveness is initially reported in accumulated other comprehensive loss and subsequently reclassified to home sales cost of revenues in the accompanying Condensed Consolidated Statements of Operations and Comprehensive Income when the hedged transaction affects earnings. If it is determined that a derivative is not highly effective as a hedge, or if the hedged forecasted transaction is no longer probable of occurring, the amount recognized in Accumulated other comprehensive loss is released to earnings. See Note 12 “Fair Value Disclosures” for more information.
New Accounting Pronouncements, Policy [Policy Text Block]	Recent Accounting Pronouncements In June 2016, the FASB created ASC 326 with the issuance of ASU No. 2016-13, “Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments” (“ASU 2016-13”). ASU 2016-13 replaces the current incurred loss impairment methodology with a methodology that reflects expected credit losses and requires consideration of a broader range of reasonable and supportable information to estimate credit losses. ASU 2016-13 became effective for our fiscal year beginning November 1, 2020, and we adopted the new standard under the modified retrospective transition method. As a result of the adoption, we recognized a cumulative effect adjustment, net of tax, of $0.6 million to the opening balance of retained earnings. The adoption of ASU 2016-13 did not have a material impact on our Condensed Consolidated Balance Sheet or Condensed Consolidated Statement of Operations or Comprehensive Income, and there have been no significant changes to our internal controls, processes, or systems as a result of implementing this new standard.

Inventory (Tables)

Inventory (Tables)	3 Months Ended
	Jan. 31, 2021
Inventory Disclosure [Abstract]
Inventory	Inventory at January 31, 2021 and October 31, 2020 consisted of the following (amounts in thousands): January 31, October 31, Land controlled for future communities $ 207,383 $ 223,525 Land owned for future communities 996,420 1,036,843 Operating communities 6,719,832 6,398,538 $ 7,923,635 $ 7,658,906
Temporarily Closed communities	Information regarding the classification, number, and carrying value of these temporarily closed communities, as of the dates indicated, is provided in the table below: January 31, October 31, Land owned for future communities: Number of communities 8 10 Carrying value (in thousands) $ 41,231 $ 68,064 Operating communities: Number of communities 4 4 Carrying value (in thousands) $ 54,040 $ 32,112
Inventory impairment charges and expensing of costs that it is believed not to be recoverable	The amounts we have provided for inventory impairment charges and the expensing of costs that we believe not to be recoverable, for the periods indicated, are shown in the table below (amounts in thousands): Three months ended January 31, 2021 2020 Land controlled for future communities $ 167 $ 1,031 Operating communities 1,100 $ 1,267 $ 1,031
Interest incurred, capitalized and expensed	Interest incurred, capitalized, and expensed, for the periods indicated, was as follows (amounts in thousands): Three months ended January 31, 2021 2020 Interest capitalized, beginning of period $ 297,975 $ 311,323 Interest incurred 41,268 43,650 Interest expensed to home sales cost of revenues (33,325) (32,774) Interest expensed to land sales and other cost of revenues (1,838) (567) Interest capitalized on investments in unconsolidated entities (1,134) (881) Previously capitalized interest on investments in unconsolidated entities transferred to inventory 15 Interest capitalized, end of period $ 302,961 $ 320,751

Investments in Unconsolidated_2

Investments in Unconsolidated Entities (Tables)	3 Months Ended
	Jan. 31, 2021
Investments in and Advances to Affiliates, Schedule of Investments [Abstract]
Summary of Joint Venture Information [Table Text Block]	The table below provides information as of January 31, 2021, regarding active joint ventures that we are invested in, by joint venture category ($ amounts in thousands): Land Home Building Rental Property Gibraltar Total Number of unconsolidated entities 12 4 28 7 51 Investment in unconsolidated entities $ 264,274 $ 26,191 $ 263,280 $ 17,887 $ 571,632 Number of unconsolidated entities with funding commitments by the Company 3 — 8 1 12 Company’s remaining funding commitment to unconsolidated entities $ 33,518 $ — $ 30,491 $ 25,649 $ 89,658
Summary of Joint Ventures Borrowing information [Table Text Block]	Certain joint ventures in which we have investments obtained debt financing to finance a portion of their activities. The table below provides information at January 31, 2021, regarding the debt financing obtained by category ($ amounts in thousands): Land Home Building Rental Property Total Number of joint ventures with debt financing 4 1 25 30 Aggregate loan commitments $ 158,805 $ 29,786 $ 2,010,544 $ 2,199,135 Amounts borrowed under loan commitments $ 107,551 $ 29,786 $ 1,312,325 $ 1,449,662
New joint venture formations	The table below provides information on joint ventures entered into during our first quarter of fiscal 2021 ($ amounts in thousands): Land Development Joint Ventures Rental Property Joint Ventures Number of unconsolidated joint ventures entered into during the period 3 2 Investment balance at January 31, 2021 $ 139,033 $ 14,932 The table below provides information on joint ventures entered into during our first quarter of fiscal 2020 ($ amounts in thousands): Land Development Joint Ventures Rental Property Joint Ventures Number of unconsolidated joint ventures entered into during the period — 2 Investment balance at January 31, 2020 $ — $ 24,900
Summary of Unconsolidated Entities Debt Obligations, Loan Commitments and Guarantees	Information with respect to certain of the Company’s unconsolidated entities’ outstanding debt obligations, loan commitments and our guarantees thereon are as follows ($ amounts in thousands): January 31, 2021 Loan commitments in the aggregate $ 1,858,000 Our maximum estimated exposure under repayment and carry cost guarantees if the full amount of the debt obligations were borrowed $ 327,500 Debt obligations borrowed in the aggregate $ 1,108,500 Our maximum estimated exposure under repayment and carry cost guarantees of the debt obligations borrowed $ 236,700 Estimated fair value of guarantees provided by us related to debt and other obligations $ 8,800 Terms of guarantees 1 month - 3.8 years
Condensed balance sheet	Condensed Balance Sheets: January 31, October 31, Cash and cash equivalents $ 98,195 $ 109,478 Inventory 736,821 511,000 Loans receivable, net 66,974 78,576 Rental properties 1,428,734 1,244,911 Rental properties under development 700,218 666,386 Real estate owned 6,818 6,752 Other assets 170,708 169,368 Total assets $ 3,208,468 $ 2,786,471 Debt, net of deferred financing costs $ 1,443,949 $ 1,368,065 Other liabilities 211,245 186,817 Members’ equity 1,544,803 1,231,173 Noncontrolling interest 8,471 416 Total liabilities and equity $ 3,208,468 $ 2,786,471 Company’s net investment in unconsolidated entities (1) $ 571,632 $ 430,701 (1) Differences between our net investment in unconsolidated entities and our underlying equity in the net assets of the entities amounted to $34.3 million and $29.4 million as of January 31, 2021 and October 31, 2020, respectively, and are primarily a result of the deferred recognition of a sale of assets to a joint venture; other than temporary impairments related to our investments in unconsolidated entities; interest capitalized on our investments; the estimated fair value of the guarantees provided to the joint ventures; unrealized gains on our retained joint venture interests; gains recognized from the sale of our ownership interests; and distributions from entities in excess of the carrying amount of our net investment.
Condensed statements of operations and comprehensive income	Condensed Statements of Operations: Three months ended January 31, 2021 2020 Revenues $ 92,530 $ 133,170 Cost of revenues (3) 96,723 95,308 Other expenses (3) 35,390 41,183 Total expenses 132,113 136,491 Loss from operations (39,583) (3,321) Other income 948 612 Loss before income taxes (38,635) (2,709) Income tax (benefit) provision (1,506) 140 Net loss including earnings from noncontrolling interests (37,129) (2,849) Less: loss attributable to noncontrolling interest (174) — Net loss attributable to controlling interest $ (37,303) $ (2,849) Company’s equity in earnings of unconsolidated entities (2) $ 1,194 $ 12,141 (2) Differences between our equity in earnings of unconsolidated entities and the underlying net income (loss) of the entities are primarily a result of distributions from entities in excess of the carrying amount of our investment; other than temporary impairments related to our investments in unconsolidated entities; recoveries of previously incurred charges; unrealized gains on our retained joint venture interests; gains recognized from the sale of our investment to our joint venture partner; and our share of the entities’ profits related to home sites purchased by us which reduces our cost basis of the home sites acquired. (3) Effective October 31, 2020, we reclassified sales commissions paid to third-party brokers from home sales cost of revenues to selling, general and administrative expense. Prior year periods have been reclassified to conform to the 2021 presentation.
Consolidated Joint Venture Related Variable Interest Entities	The table below provide information as of January 31, 2021 and October 31, 2020, regarding our consolidated joint venture-related variable interests in VIEs ($ amounts in thousands): Balance Sheet Classification January 31, 2021 October 31, 2020 Number of Joint Venture VIEs that the Company is the PB and consolidates 5 5 Carrying value of consolidated VIEs assets Receivables prepaid expenses, and other assets $ 113,300 $ 163,000 Our partners’ interests in consolidated VIEs Noncontrolling interest $ 41,700 $ 46,200 Our ownership interest in the above consolidated Joint Venture VIEs ranges from 50% to 98%.
Unconsolidated Joint Venture Related Variable Interest Entities	The table below provide information as of January 31, 2021 and October 31, 2020, regarding our unconsolidated joint venture-related variable interests in VIEs ($ amounts in thousands): January 31, 2021 October 31, 2020 Number of Joint Venture VIEs that the Company is not the Primary Beneficiary (“PB”) 12 12 Investment balance in unconsolidated Joint Venture VIEs included in Investments in unconsolidated entities in our Consolidated Balance Sheets $ 55,300 $ 63,100 Our maximum exposure to losses related to loan guarantees and additional commitments provided to unconsolidated Joint Venture VIEs $ 282,700 $ 122,100 Our ownership interest in the above unconsolidated Joint Venture VIEs ranges from 20% to 50%.

Receivables, Prepaid Expenses_2

Receivables, Prepaid Expenses, and Other Assets (Tables)	3 Months Ended
	Jan. 31, 2021
Receivables, prepaid expenses and other assets [Abstract]
Receivables, Prepaid Expenses, and Other Assets [Table Text Block]	Receivables, prepaid expenses, and other assets at January 31, 2021 and October 31, 2020, consisted of the following (amounts in thousands): January 31, 2021 October 31, 2020 Expected recoveries from insurance carriers and others $ 77,180 $ 79,269 Improvement cost receivable 85,539 86,116 Escrow cash held by our captive title company 28,540 24,712 Properties held for rental apartment and commercial development 504,580 542,796 Prepaid expenses 29,472 28,104 Right-of-use asset 101,495 105,004 Other 80,969 90,293 $ 907,775 $ 956,294

Loans Payable, Senior Notes a_2

Loans Payable, Senior Notes and Mortgage Company Loan Facility Loans Payable (Tables)	3 Months Ended
	Jan. 31, 2021
Debt Disclosure [Abstract]
Loans Payable [Text Block]	At January 31, 2021 and October 31, 2020, loans payable consisted of the following (amounts in thousands): January 31, October 31, Senior unsecured term loan $ 650,000 $ 800,000 Loans payable – other 324,140 351,257 Deferred issuance costs (2,636) (3,302) $ 971,504 $ 1,147,955

Accrued Expenses (Tables)

Accrued Expenses (Tables)	3 Months Ended
	Jan. 31, 2021
Payables and Accruals [Abstract]
Accrued expenses	Accrued expenses at January 31, 2021 and October 31, 2020 consisted of the following (amounts in thousands): January 31, October 31, Land, land development, and construction $ 219,033 $ 233,783 Compensation and employee benefits 183,795 219,965 Escrow liability 27,047 23,067 Self-insurance 222,809 215,884 Warranty 150,877 157,351 Lease liabilities 121,246 124,756 Deferred income 80,253 34,096 Interest 47,607 38,446 Commitments to unconsolidated entities 11,584 8,928 Other 44,878 53,920 $ 1,109,129 $ 1,110,196
Changes in the warranty accrual	The table below provides, for the periods indicated, a reconciliation of the changes in our warranty accrual (amounts in thousands): Three months ended January 31, 2021 2020 Balance, beginning of period $ 157,351 $ 201,886 Additions – homes closed during the period 7,402 7,024 Increase in accruals for homes closed in prior years 1,194 1,218 Charges incurred (15,070) (21,212) Balance, end of period $ 150,877 $ 188,916

Stock-Based Benefit Plans (Tabl

Stock-Based Benefit Plans (Tables)	3 Months Ended
	Jan. 31, 2021
Share-based Payment Arrangement [Abstract]
Stock-based compensation expense and income tax benefit recognized	Information regarding the amount of total stock-based compensation expense and tax benefit recognized by us, for the periods indicated, is as follows (amounts in thousands): Three months ended January 31, 2021 2020 Total stock-based compensation expense recognized $ 12,834 $ 13,383 Income tax benefit recognized $ 3,289 $ 3,407

Stock Repurchase Program and _2

Stock Repurchase Program and Cash Dividend (Tables)	3 Months Ended
	Jan. 31, 2021
Stock Repurchase Program [Abstract]
Stock repurchase program	The table below provides, for the periods indicated, information about our share repurchase programs: Three months ended January 31, 2021 2020 Number of shares purchased (in thousands) 4,027 11,686 Average price per share $ 44.54 $ 40.73 Remaining authorization at January 31 (in thousands) 15,957 8,314

Earnings Per Share Information

Earnings Per Share Information (Tables)	3 Months Ended
	Jan. 31, 2021
Earnings Per Share [Abstract]
Income per share calculation	The table below provides, for the periods indicated, information pertaining to the calculation of earnings per share, common stock equivalents, weighted-average number of antidilutive options, and shares issued (amounts in thousands): Three months ended January 31, 2021 2020 Numerator: Net income as reported $ 96,499 $ 56,876 Denominator: Basic weighted-average shares 126,060 138,145 Common stock equivalents (1) 1,502 1,744 Diluted weighted-average shares 127,562 139,889 Other information: Weighted-average number of antidilutive options and restricted stock units (2) 589 675 Shares issued under stock incentive and employee stock purchase plans 456 547 (1) Common stock equivalents represent the dilutive effect of outstanding in-the-money stock options using the treasury stock method and shares expected to be issued upon the conversion of restricted stock units under our equity award programs. (2) Weighted-average number of antidilutive options and restricted stock units are based upon the average closing price of our common stock on the New York Stock Exchange for the period.

Fair Value Disclosures (Tables)

Fair Value Disclosures (Tables)	3 Months Ended
	Jan. 31, 2021
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Summary of assets and (liabilities), measured at fair value on a recurring basis	The table below provides, as of the dates indicated, a summary of assets/(liabilities) related to our financial instruments, measured at fair value on a recurring basis (amounts in thousands): Fair value Financial Instrument Fair value January 31, October 31, 2020 Residential Mortgage Loans Held for Sale Level 2 $ 125,475 $ 231,797 Forward Loan Commitments — Residential Mortgage Loans Held for Sale Level 2 $ 52 $ (31) Interest Rate Lock Commitments (“IRLCs”) Level 2 $ (358) $ 628 Forward Loan Commitments — IRLCs Level 2 $ 358 $ (628) Interest Rate Swap Contracts Level 2 $ 652 $ —
Aggregate unpaid principal and fair value of mortgage loans held for sale	The table below provides, as of the dates indicated, the aggregate unpaid principal and fair value of mortgage loans held for sale (amounts in thousands): Aggregate unpaid Fair value Excess At January 31, 2021 $ 122,879 $ 125,475 $ 2,596 At October 31, 2020 $ 225,826 $ 231,797 $ 5,971
Fair value of inventory adjusted for impairment	The table below provides, for the periods indicated, the number of operating communities that we reviewed for potential impairment, the number of operating communities in which we recognized impairment charges, the amount of impairment charges recognized, and, as of the end of the period indicated, the fair value of those communities, net of impairment charges ($ amounts in thousands): Impaired operating communities Three months ended: Number of Number of Fair value of Impairment charges recognized Fiscal 2021: January 31 53 1 $ 419 $ 1,100 $ 1,100 Fiscal 2020: January 31 65 — $ — $ — April 30 80 1 $ 2,754 300 July 31 66 — $ — — October 31 53 1 $ 1,113 375 $ 675
Book value and estimated fair value of the Company's debt	The table below provides, as of the dates indicated, the book value and estimated fair value of our debt (amounts in thousands): January 31, 2021 October 31, 2020 Fair value Book value Estimated Book value Estimated Loans payable (1) Level 2 $ 974,139 $ 979,592 $ 1,151,257 $ 1,157,315 Senior notes (2) Level 1 2,659,856 2,914,484 2,669,876 2,888,822 Mortgage company loan facility (3) Level 2 112,619 112,619 148,611 148,611 $ 3,746,614 $ 4,006,695 $ 3,969,744 $ 4,194,748 (1) The estimated fair value of loans payable was based upon contractual cash flows discounted at interest rates that we believed were available to us for loans with similar terms and remaining maturities as of the applicable valuation date. (2) The estimated fair value of our senior notes is based upon their market prices as of the applicable valuation date. (3) We believe that the carrying value of our mortgage company loan borrowings approximates their fair value.
Operating communities [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis, Valuation Techniques [Table Text Block]	The table below summarizes, for the periods indicated, the ranges of certain quantitative unobservable inputs utilized in determining the fair value of impaired operating communities: Three months ended: Selling price Sales pace Discount rate Fiscal 2021: January 31 2,003 2 14.3% Fiscal 2020: January 31 — — —% April 30 613 - 789 9 14.3% July 31 — — —% October 31 — — —%

Other Income - Net (Tables)

Other Income - Net (Tables)	3 Months Ended
	Jan. 31, 2021
Other Income and Expenses [Abstract]
Other Income - net	The table below provides the significant components of other income – net (amounts in thousands): Three months ended January 31, 2021 2020 Interest income $ 1,455 $ 4,902 Income from ancillary businesses 6,859 522 Management fee income from Home Building Joint Ventures, net 117 1,346 Other (1,330) (475) Total other income – net $ 7,101 $ 6,295
Revenues and expenses of non-core ancillary businesses	The table below provides, for the periods indicated, revenues and expenses for our ancillary businesses (amounts in thousands): Three months ended January 31, 2021 2020 Revenues $ 29,101 $ 26,410 Expenses $ 22,242 $ 25,888

Commitments and Contingencies (

Commitments and Contingencies (Tables)	3 Months Ended
	Jan. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
Company land purchase commitments	Information regarding our land purchase commitments, as of the dates indicated, is provided in the table below (amounts in thousands): January 31, 2021 October 31, 2020 Aggregate purchase commitments: Unrelated parties $ 2,744,059 $ 2,630,128 Unconsolidated entities that the Company has investments in 8,787 10,097 Total $ 2,752,846 $ 2,640,225 Deposits against aggregate purchase commitments $ 207,600 $ 223,571 Additional cash required to acquire land 2,545,246 2,416,654 Total $ 2,752,846 $ 2,640,225 Amount of additional cash required to acquire land included in accrued expenses $ 18,092 $ 19,590
Company mortgage commitments	Information regarding our mortgage commitments, as of the dates indicated, is provided in the table below (amounts in thousands): January 31, October 31, 2020 Aggregate mortgage loan commitments: IRLCs $ 521,022 $ 381,116 Non-IRLCs 2,280,509 1,688,801 Total $ 2,801,531 $ 2,069,917 Investor commitments to purchase: IRLCs $ 521,022 $ 381,116 Mortgage loans held for sale 117,309 217,876 Total $ 638,331 $ 598,992

Information on Segments (Tables

Information on Segments (Tables)	3 Months Ended
	Jan. 31, 2021
Segment Reporting [Abstract]
Revenue and income (loss) before income taxes and total assets	Revenues and income (loss) before income taxes for each of our segments, for the periods indicated, were as follows (amounts in thousands): Three months ended January 31, 2021 2020 Revenues: Traditional Home Building: North $ 312,639 $ 254,059 Mid-Atlantic 163,984 162,476 South 216,884 183,630 Mountain 377,977 263,096 Pacific 331,158 395,356 Traditional Home Building 1,402,642 1,258,617 City Living 7,793 39,835 Corporate and other 269 (1,115) Total home sales revenues 1,410,704 1,297,337 Land sales and other revenues 152,672 34,094 Total revenues $ 1,563,376 $ 1,331,431 Income (loss) before income taxes: Traditional Home Building: North $ 18,882 $ 2,531 Mid-Atlantic 18,813 6,988 South 21,483 9,077 Mountain 36,013 17,585 Pacific 47,554 63,322 Traditional Home Building 142,745 99,503 City Living (1) 32,692 9,549 Corporate and other (48,032) (43,120) Total $ 127,405 $ 65,932 (1) In the first quarter of fiscal 2021, we sold certain commercial assets associated with our Hoboken, New Jersey condominium projects for $82.4 million which is included in Land sales and other revenues above. City Living recognized net gains of $38.3 million from these sales. “Corporate and other” is comprised principally of general corporate expenses such as our executive offices; the corporate finance, accounting, audit, tax, human resources, risk management, information technology, marketing, and legal groups; interest income; income from certain of our ancillary businesses, including Gibraltar; and income from our Rental Property Joint Ventures and Gibraltar Joint Ventures. Total assets for each of our segments, as of the dates indicated, are shown in the table below (amounts in thousands): January 31, October 31, Traditional Home Building: North $ 1,415,114 $ 1,427,523 Mid-Atlantic 984,134 918,641 South 1,289,620 1,176,962 Mountain 2,053,597 1,961,348 Pacific 2,343,787 2,226,685 Traditional Home Building 8,086,252 7,711,159 City Living 542,763 539,750 Corporate and other 2,234,978 2,814,824 Total $ 10,863,993 $ 11,065,733
Schedule of inventory impairments by segment	The amounts we have provided for inventory impairment charges and the expensing of costs that we believed not to be recoverable for each of our segments, for the periods indicated, were as follows (amounts in thousands): Three months ended January 31, 2021 2020 Traditional Home Building: North $ 35 $ 94 Mid-Atlantic 32 1 South 25 747 Mountain 9 178 Pacific 66 11 Total 167 1,031 City Living 1,100 — $ 1,267 $ 1,031

Significant Accounting Polici_3

Significant Accounting Policies (Details) - USD ($) $ in Thousands	3 Months Ended
	Jan. 31, 2021	Oct. 31, 2020
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Customer Advances and Deposits	$ 523,584	$ 459,406
Operating Lease, Right-of-Use Asset	101,495	105,004
Operating Lease, Liability	121,246	$ 124,756
Home Building [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Contract with Customer, Liability, Revenue Recognized	$ 94,000

Significant Accounting Polici_4

Significant Accounting Policies (Details 1) - Reclassification, Other $ in Thousands	3 Months Ended
	Jan. 31, 2020USD ($)
Reclassification [Line Items]
Sales Commissions and Fees	$ 26,800
Third party broker commissions as a % of home sales revenues	2.10%

Acquisition (Details Textuals)

Acquisition (Details Textuals) $ in Thousands	1 Months Ended	3 Months Ended
	Feb. 29, 2020	Jan. 31, 2021USD ($)home_sites
Thrive Residential [Member]
Business Acquisition [Line Items]
Business Acquisition, Name of Acquired Entity	The Thrive Group, LLC
Keller Homes
Business Acquisition [Line Items]
Business Acquisition, Name of Acquired Entity		Keller Homes, Inc. (“Keller”)
Thrive and Keller
Business Acquisition [Line Items]
Payments to Acquire Businesses, Net of Cash Acquired | $		$ 79,200
Number of home sites included in acquisition | home_sites		1,100

Inventory (Details)

Inventory (Details) - USD ($) $ in Thousands	Jan. 31, 2021	Oct. 31, 2020
Total Inventory
Inventory	$ 7,923,635	$ 7,658,906
Land controlled for future communities [Member]
Total Inventory
Inventory	207,383	223,525
Land Owned for Future Communities [Member]
Total Inventory
Inventory	996,420	1,036,843
Operating communities [Member]
Total Inventory
Inventory	$ 6,719,832	$ 6,398,538

Inventory (Details 1)

Inventory (Details 1) $ in Thousands	Jan. 31, 2021USD ($)numberOfCommunities	Oct. 31, 2020USD ($)numberOfCommunities
Land Owned for Future Communities [Member]
Temporarily Closed communities
Number of Communities (in ones) | numberOfCommunities	8	10
Carrying Value | $	$ 41,231	$ 68,064
Operating communities [Member]
Temporarily Closed communities
Number of Communities (in ones) | numberOfCommunities	4	4
Carrying Value | $	$ 54,040	$ 32,112

Inventory (Details 2)

Inventory (Details 2) - USD ($) $ in Thousands	3 Months Ended
	Jan. 31, 2021	Jan. 31, 2020
Schedule of inventory [Line Items]
Inventory Write-down	$ 1,267	$ 1,031
Land controlled for future communities [Member]
Schedule of inventory [Line Items]
Inventory Write-down	167	1,031
Operating communities [Member]
Schedule of inventory [Line Items]
Inventory Write-down	$ 1,100

Inventory (Details 3)

Inventory (Details 3) - USD ($) $ in Thousands	3 Months Ended
	Jan. 31, 2021	Jan. 31, 2020
Real estate inventory capitalized interest costs [Line Items]
Interest capitalized, beginning of period	$ 297,975	$ 311,323
Interest incurred	41,268	43,650
Interest capitalized on investments in unconsolidated entities	(1,134)	(881)
Previously capitalized interest on investments in unconsolidated entities transferred to inventory	15
Interest capitalized, end of period	302,961	320,751
Home Building [Member]
Real estate inventory capitalized interest costs [Line Items]
Interest expensed to cost of revenues	(33,325)	(32,774)
Home Building [Member] | Interest Rate Swap
Real estate inventory capitalized interest costs [Line Items]
Interest expensed to cost of revenues	10	0
Land [Member]
Real estate inventory capitalized interest costs [Line Items]
Interest expensed to cost of revenues	$ (1,838)	$ (567)

Inventory (Details Textual)

Inventory (Details Textual) $ in Thousands	3 Months Ended
	Jan. 31, 2021USD ($)	Jan. 31, 2020USD ($)	Oct. 31, 2020USD ($)
Variable Interest Entity [Line Items]
Purchase Obligation	$ 2,752,846		$ 2,640,225
Home Building [Member]
Real estate inventory capitalized interest costs [Line Items]
Real Estate Inventory, Capitalized Interest Costs, Cost of Sales	$ (33,325)	$ (32,774)
VariableInterestEntityNotPrimaryBeneficiaryAggregatedDisclosureMember [Member]
Variable Interest Entity [Line Items]
Number of VIE Land Purchase Contracts (in ones)	218		207
Interest Rate Swap | Home Building [Member]
Real estate inventory capitalized interest costs [Line Items]
Real Estate Inventory, Capitalized Interest Costs, Cost of Sales	$ 10	$ 0
Interest Rate Swap | AOCI Attributable to Parent [Member]
Real estate inventory capitalized interest costs [Line Items]
Interest Costs Incurred	154
Land Purchase Commitment To Unrelated Party [Member]
Variable Interest Entity [Line Items]
Purchase Obligation	2,744,059		$ 2,630,128
Land Purchase Commitment To Unrelated Party [Member] | VariableInterestEntityNotPrimaryBeneficiaryAggregatedDisclosureMember [Member]
Variable Interest Entity [Line Items]
Purchase Obligation	2,310,000		2,310,000
Land Parcel Purchase Commitment [Member]
Variable Interest Entity [Line Items]
Deposits against Aggregate Purchase Commitments	207,600		223,571
Land Parcel Purchase Commitment [Member] | VariableInterestEntityNotPrimaryBeneficiaryAggregatedDisclosureMember [Member]
Variable Interest Entity [Line Items]
Deposits against Aggregate Purchase Commitments	$ 193,000		$ 208,700

Investments in Unconsolidated_3

Investments in Unconsolidated Entities (Details 1) $ in Thousands	Jan. 31, 2021USD ($)joint_ventures	Oct. 31, 2020USD ($)
Schedule of Equity Method Investments [Line Items]
Number of Joint Ventures | joint_ventures	51
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures | $	$ 571,632	$ 430,701
Number of joint venture with funding commitments | joint_ventures	12
Other Commitment | $	$ 89,658
Land Development Joint Ventures [Member]
Schedule of Equity Method Investments [Line Items]
Number of Joint Ventures | joint_ventures	12
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures | $	$ 264,274
Number of joint venture with funding commitments | joint_ventures	3
Home Building Joint Ventures, Total [Member]
Schedule of Equity Method Investments [Line Items]
Number of Joint Ventures | joint_ventures	4
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures | $	$ 26,191
Number of joint venture with funding commitments | joint_ventures	0
Rental Joint Ventures, including the Trust [Member]
Schedule of Equity Method Investments [Line Items]
Number of Joint Ventures | joint_ventures	28
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures | $	$ 263,280
Number of joint venture with funding commitments | joint_ventures	8
Gibraltar Joint Ventures [Member]
Schedule of Equity Method Investments [Line Items]
Number of Joint Ventures | joint_ventures	7
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures | $	$ 17,887
Number of joint venture with funding commitments | joint_ventures	1
Commitment To Advance Or Invest In Affiliates Subsidiaries And Joint Venture [Member] | Land Development Joint Ventures [Member]
Schedule of Equity Method Investments [Line Items]
Other Commitment | $	$ 33,518
Commitment To Advance Or Invest In Affiliates Subsidiaries And Joint Venture [Member] | Home Building Joint Ventures, Total [Member]
Schedule of Equity Method Investments [Line Items]
Other Commitment | $	0
Commitment To Advance Or Invest In Affiliates Subsidiaries And Joint Venture [Member] | Rental Joint Ventures, including the Trust [Member]
Schedule of Equity Method Investments [Line Items]
Other Commitment | $	30,491
Commitment To Advance Or Invest In Affiliates Subsidiaries And Joint Venture [Member] | Gibraltar Joint Ventures [Member]
Schedule of Equity Method Investments [Line Items]
Other Commitment | $	$ 25,649

Investments in Unconsolidated_4

Investments in Unconsolidated Entities (Details 2) $ in Thousands	Jan. 31, 2021USD ($)joint_ventures
Schedule of Equity Method Investments [Line Items]
Number of joint ventures with loan commitments | joint_ventures	30
Line of Credit Facility, Maximum Borrowing Capacity	$ 2,199,135
Amounts borrowed under commitments	$ 1,449,662
Land Development Joint Ventures [Member]
Schedule of Equity Method Investments [Line Items]
Number of joint ventures with loan commitments | joint_ventures	4
Line of Credit Facility, Maximum Borrowing Capacity	$ 158,805
Amounts borrowed under commitments	$ 107,551
Home Building Joint Ventures, Total [Member]
Schedule of Equity Method Investments [Line Items]
Number of joint ventures with loan commitments | joint_ventures	1
Line of Credit Facility, Maximum Borrowing Capacity	$ 29,786
Amounts borrowed under commitments	$ 29,786
Rental Joint Ventures, including the Trust [Member]
Schedule of Equity Method Investments [Line Items]
Number of joint ventures with loan commitments | joint_ventures	25
Line of Credit Facility, Maximum Borrowing Capacity	$ 2,010,544
Amounts borrowed under commitments	$ 1,312,325

Investments in Unconsolidated_5

Investments in Unconsolidated Entities (Details 3) $ in Thousands	3 Months Ended
	Jan. 31, 2021USD ($)joint_ventures	Jan. 31, 2020USD ($)joint_ventures	Oct. 31, 2020USD ($)
Schedule of Equity Method Investments [Line Items]
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures	$ 571,632		$ 430,701
Land Development Joint Ventures [Member]
Schedule of Equity Method Investments [Line Items]
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures	264,274
Rental Joint Ventures, including the Trust [Member]
Schedule of Equity Method Investments [Line Items]
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures	$ 263,280
Newly Formed Joint Ventures [Member] | Land Development Joint Ventures [Member]
Schedule of Equity Method Investments [Line Items]
Number of JVs formed in the period | joint_ventures	3	0
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures	$ 139,033	$ 0
Newly Formed Joint Ventures [Member] | Rental Joint Ventures, including the Trust [Member]
Schedule of Equity Method Investments [Line Items]
Number of JVs formed in the period | joint_ventures	2	2
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures	$ 14,932	$ 24,900

Investments in Unconsolidated_6

Investments in Unconsolidated Entities (Details 4) $ in Thousands	3 Months Ended
	Jan. 31, 2021USD ($)
Schedule of Equity Method Investments [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	$ 2,199,135
Long-term Line of Credit	1,449,662
Equity Method Investee [Member]
Schedule of Equity Method Investments [Line Items]
Guarantees, Fair Value Disclosure	8,800
Indirect Guarantee of Indebtedness [Member] | Equity Method Investee [Member]
Schedule of Equity Method Investments [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	1,858,000
Guarantees, Repayment and Carry Cost, Maximum	327,500
Long-term Line of Credit	1,108,500
Maximum repapyment and carry cost guarantee obligation for borrowings by JV	$ 236,700
Indirect Guarantee of Indebtedness [Member] | Equity Method Investee [Member] | Minimum [Member]
Schedule of Equity Method Investments [Line Items]
Guarantor Obligations, Term	1 month
Indirect Guarantee of Indebtedness [Member] | Equity Method Investee [Member] | Maximum [Member]
Schedule of Equity Method Investments [Line Items]
Guarantor Obligations, Term	3.8 years

Investments in Unconsolidated_7

Investments in Unconsolidated Entities (Details 5) $ in Thousands	Jan. 31, 2021USD ($)joint_ventures	Oct. 31, 2020USD ($)joint_ventures
Investments in and Advances to Unconsolidated Entities (Textual) [Abstract]
Number of Joint Ventures | joint_ventures	51
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures	$ 571,632	$ 430,701
Other Commitment	$ 89,658
Variable Interest Entity, Not Primary Beneficiary [Member]
Investments in and Advances to Unconsolidated Entities (Textual) [Abstract]
Number of Joint Ventures | joint_ventures	12	12
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures	$ 55,300	$ 63,100
Variable Interest Entity, Not Primary Beneficiary [Member] | Commitment To Advance Or Invest In Affiliates Subsidiaries And Joint Venture [Member]
Investments in and Advances to Unconsolidated Entities (Textual) [Abstract]
Other Commitment	$ 282,700	$ 122,100
Minimum [Member] | Variable Interest Entity, Not Primary Beneficiary [Member]
Investments in and Advances to Unconsolidated Entities (Textual) [Abstract]
Ownership interest	20.00%
Maximum [Member] | Variable Interest Entity, Not Primary Beneficiary [Member]
Investments in and Advances to Unconsolidated Entities (Textual) [Abstract]
Ownership interest	50.00%

Investments in Unconsolidated_8

Investments in Unconsolidated Entities (Details 6) $ in Thousands	Jan. 31, 2021USD ($)joint_ventures	Oct. 31, 2020USD ($)joint_ventures
Statement of Investments in and Advances to Unconsolidated Entities [Line Items]
Number of Joint Ventures | joint_ventures	51
Total assets	$ 10,863,993	$ 11,065,733
Rental Joint Ventures, including the Trust [Member] | Variable Interest Entity, Primary Beneficiary [Member]
Statement of Investments in and Advances to Unconsolidated Entities [Line Items]
Number of Joint Ventures | joint_ventures	5	5
Total assets	$ 113,300	$ 163,000
Noncontrolling Interest in Variable Interest Entity	$ 41,700	$ 46,200
Rental Joint Ventures, including the Trust [Member] | Variable Interest Entity, Primary Beneficiary [Member] | Minimum [Member]
Statement of Investments in and Advances to Unconsolidated Entities [Line Items]
Ownership interest	50.00%
Rental Joint Ventures, including the Trust [Member] | Variable Interest Entity, Primary Beneficiary [Member] | Maximum [Member]
Statement of Investments in and Advances to Unconsolidated Entities [Line Items]
Ownership interest	98.00%

Investments in Unconsolidated_9

Investments in Unconsolidated Entities (Details 7) - USD ($) $ in Thousands	Jan. 31, 2021	Oct. 31, 2020	Jan. 31, 2020	Oct. 31, 2019
Condensed Balance Sheets:
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	$ 979,879	$ 1,396,604	$ 558,658	$ 1,319,643
Inventory, Operative Builders	7,923,635	7,658,906
Other	80,969	90,293
Total assets	10,863,993	11,065,733
Stockholders' Equity Attributable to Noncontrolling Interest	47,657	52,241
Total liabilities and stockholders' equity	10,863,993	11,065,733
Investments in unconsolidated entities	571,632	430,701
Equity Method Investment, Difference Between Carrying Amount and Underlying Equity	34,300	29,400
Equity Method Investment, Nonconsolidated Investee or Group of Investees
Condensed Balance Sheets:
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	98,195	109,478
Inventory, Operative Builders	736,821	511,000
Loans Receivable, Net1	66,974	78,576
Rental Properties	1,428,734	1,244,911
Rental properties under development	700,218	666,386
Other Real Estate, Foreclosed Assets, and Repossessed Assets	6,818	6,752
Other	170,708	169,368
Total assets	3,208,468	2,786,471
Debt, net of deferred financing costs	1,443,949	1,368,065
Accrued Liabilities and Other Liabilities	211,245	186,817
Members' Equity	1,544,803	1,231,173
Stockholders' Equity Attributable to Noncontrolling Interest	8,471	416
Total liabilities and stockholders' equity	3,208,468	2,786,471
Investments in unconsolidated entities	$ 571,632	$ 430,701

Investments in Unconsolidate_10

Investments in Unconsolidated Entities (Details 8) - USD ($) $ in Thousands	3 Months Ended
	Jan. 31, 2021	Jan. 31, 2020
Condensed Statements of Operations and Comprehensive Income:
Income before income taxes	$ 127,405	$ 65,932
Income Tax Expense (Benefit)	30,906	9,056
Net Income (Loss) Attributable to Noncontrolling Interest	21	1
Net income	96,499	56,876
Income (loss) from equity method investments	1,194	12,141
Equity Method Investment, Nonconsolidated Investee or Group of Investees
Condensed Statements of Operations and Comprehensive Income:
Revenues	92,530	133,170
Cost of Revenue	96,723	95,308
Other Cost and Expense, Operating	35,390	41,183
Costs and Expenses	132,113	136,491
Income before income taxes	(39,583)	(3,321)
Other Income	948	612
Net Income Before Noncontrolling Interest	(38,635)	(2,709)
Income Tax Expense (Benefit)	(1,506)	140
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest	(37,129)	(2,849)
Net Income (Loss) Attributable to Noncontrolling Interest	(174)	0
Net income	(37,303)	(2,849)
Income (loss) from equity method investments	$ 1,194	$ 12,141

Investments in Unconsolidate_11

Investments in Unconsolidated Entities (Details Textual) - USD ($) $ in Thousands	3 Months Ended
	Jan. 31, 2021	Jan. 31, 2020
Co-venturer [Member] | Minimum [Member]
Schedule of Equity Method Investments [Line Items]
Equity Method Investment, Ownership Percentage	15.80%
Co-venturer [Member] | Maximum [Member]
Schedule of Equity Method Investments [Line Items]
Equity Method Investment, Ownership Percentage	50.00%
Land Development Joint Ventures [Member] | Equity Method Investee [Member]
Schedule of Equity Method Investments [Line Items]
Revenues	$ 4,300	$ 3,500
Rental Joint Ventures, including Trusts i and II [Member]
Schedule of Equity Method Investments [Line Items]
Equity Method Investment, Realized Gain (Loss) on Disposal	5,900	10,700
Land sales earnings, net	57,300	26,400
Home Building Joint Ventures, Total [Member]
Schedule of Equity Method Investments [Line Items]
Other than Temporary Impairment Losses, Investments	$ 2,100	$ 0

Receivables, Prepaid Expenses_3

Receivables, Prepaid Expenses, and Other Assets (Details) - USD ($) $ in Thousands	Jan. 31, 2021	Oct. 31, 2020
Receivables, prepaid expenses and other assets [Line Items]
Assets	$ 10,863,993	$ 11,065,733
Expected recoveries from insurance carriers and others	77,180	79,269
Improvement cost receivable	85,539	86,116
Escrow cash held by our captive title company	28,540	24,712
Property held for rental apartment and commercial development	504,580	542,796
Prepaid expenses	29,472	28,104
Right-of-Use Asset	101,495	105,004
Other	80,969	90,293
Receivables, prepaid expenses and other assets	907,775	956,294
Variable Interest Entity, Primary Beneficiary [Member] | Rental Joint Ventures, including the Trust [Member]
Receivables, prepaid expenses and other assets [Line Items]
Assets	$ 113,300	$ 163,000

Loans Payable, Senior Notes a_3

Loans Payable, Senior Notes and Mortgage Company Loan Facility Loans Payable (Details) - USD ($) $ in Thousands	Jan. 31, 2021	Jan. 27, 2021	Oct. 31, 2020
Debt Instrument [Line Items]
Long-term Line of Credit	$ 1,449,662
Other Loans Payable	324,140		$ 351,257
Loans payable	971,504		1,147,955
Oct 2019 Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Long-term Line of Credit	0
Senior unsecured term loan [Member]
Debt Instrument [Line Items]
Unsecured Long-term Debt, Noncurrent	650,000	$ 800,000	800,000
Deferred Finance Costs, Net	$ (2,636)		$ (3,302)

Loans Payable, Senior Notes a_4

Loans Payable, Senior Notes and Mortgage Company Loan Facility Term Loan Facility (Details Textual 1) $ in Thousands	Jan. 28, 2021USD ($)	Jan. 31, 2021USD ($)	Jan. 27, 2021USD ($)	Nov. 30, 2020USD ($)numberOfInterestRateSwaps	Oct. 31, 2020USD ($)
Senior unsecured term loan [Member]
Debt Instrument [Line Items]
Unsecured Long-term Debt, Noncurrent		$ 650,000	$ 800,000		$ 800,000
Debt Instrument, Term		5 years
Debt Instrument, Interest Rate at Period End		1.18%
Repayments of Debt	$ 150,000
Senior unsecured term loan [Member] | Interest Rate Swap
Debt Instrument [Line Items]
Unsecured Long-term Debt, Noncurrent				$ 400,000
Number of Interest Rate Derivatives Held | numberOfInterestRateSwaps				5
Derivative, Fixed Interest Rate				0.369%
Fixed interest rate spread				1.05%
Guarantor Subsidiaries [Member]
Debt Instrument [Line Items]
Noncontrolling Interest, Ownership Percentage by Parent		100.00%

Loans Payable, Senior Notes a_5

Loans Payable, Senior Notes and Mortgage Company Loan Facility Credit Facility (Details Textual 2) - USD ($) $ in Thousands	3 Months Ended
	Jan. 31, 2021	Oct. 31, 2020
Line of Credit Facility [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	$ 2,199,135
Long-term Line of Credit	1,449,662
Oct 2019 Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	$ 1,905,000
Debt Instrument, Term	5 years
Maximum Permissible Leverage Ratio	175.00%
Minimum Net Worth Required for Compliance	$ 2,100,000
Existing Leverage Ratio	0.57
Tangible Net Worth	$ 4,720,000
Ability to repurchase common stock	3,660,000
Ability to pay dividends	2,620,000
Long-term Line of Credit	0
Letters of Credit Outstanding, Amount	$ 120,200
Debt Instrument, Interest Rate at Period End	1.32%
Oct 2020 Revolving Credit Facility Extension Agreement
Line of Credit Facility [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity		$ 1,850,000
Guarantor Subsidiaries [Member]
Line of Credit Facility [Line Items]
Noncontrolling Interest, Ownership Percentage by Parent	100.00%

Loans Payable, Senior Notes a_6

Loans Payable, Senior Notes and Mortgage Company Loan Facility Loans Payable - Other (Details Textual 3)	Jan. 31, 2021
Loans Payable [Member]
Debt Instrument [Line Items]
Debt, Weighted Average Interest Rate	4.35%

Loans Payable, Senior Notes a_7

Loans Payable, Senior Notes and Mortgage Company Loan Facility Senior Notes Payable (Details Textual 4) $ in Thousands	1 Months Ended	3 Months Ended
	Feb. 28, 2021USD ($)	Jan. 31, 2021USD ($)debtissuances	Jan. 31, 2020USD ($)	Oct. 31, 2020USD ($)
Senior Note Payable (Textual) [Abstract]
Number of issuances of senior debt | debtissuances		7
Repayments of Senior Debt		$ (10,020)
Senior notes		2,652,162		$ 2,661,718
Senior Notes [Member]
Senior Note Payable (Textual) [Abstract]
Debt Instrument, Face Amount		2,660,000
5.875% Senior Notes Due 2022
Senior Note Payable (Textual) [Abstract]
Repayments of Senior Debt		10,000
Senior notes		$ 419,900
Interest rate on notes		5.875%
5.625% Senior notes due 2024 | Subsequent Event [Member]
Senior Note Payable (Textual) [Abstract]
Interest rate on notes	5.625%
Early Repayment of Senior Debt	$ 250,000
Pretax charge related to early retirement of debt	$ 34,000

Loans Payable, Senior Notes a_8

Loans Payable, Senior Notes and Mortgage Company Loan Facility Mortgage Company Loan Facility (Details Textual 5) - USD ($) $ in Thousands	Mar. 04, 2021	Jan. 31, 2021
Line of Credit Facility [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity		$ 2,199,135
Warehouse Agreement Borrowings [Member]
Line of Credit Facility [Line Items]
Line of Credit Facility, Current Borrowing Capacity		75,000
Line of Credit Facility, Maximum Borrowing Capacity		$ 150,000
Debt Instrument, Maturity Date		Mar. 4, 2021
Debt Instrument, Interest Rate, Effective Percentage		2.02%
Warehouse Agreement Borrowings [Member] | Subsequent Event [Member]
Line of Credit Facility [Line Items]
Debt Instrument, Maturity Date	Mar. 3, 2022
London Interbank Offered Rate (LIBOR) [Member] | Warehouse Agreement Borrowings [Member]
Line of Credit Facility [Line Items]
Debt Instrument, Basis Spread on Variable Rate		1.90%
London Interbank Offered Rate (LIBOR) [Member] | Warehouse Agreement Borrowings [Member] | Subsequent Event [Member]
Line of Credit Facility [Line Items]
Debt Instrument, Basis Spread on Variable Rate	1.75%
London Interbank Offered Rate (LIBOR) [Member] | Warehouse Agreement Borrowings [Member] | Subsequent Event [Member] | Interest Rate Floor
Line of Credit Facility [Line Items]
Debt Instrument, Basis Spread on Variable Rate	0.75%

Accrued Expenses (Details)

Accrued Expenses (Details) - USD ($) $ in Thousands	Jan. 31, 2021	Oct. 31, 2020	Jan. 31, 2020	Oct. 31, 2019
Accrued expenses
Land, land development and construction	$ 219,033	$ 233,783
Compensation and employee benefits	183,795	219,965
Escrow liability	27,047	23,067
Self-insurance	222,809	215,884
Warranty	150,877	157,351	$ 188,916	$ 201,886
Operating Lease, Liability	121,246	124,756
Deferred income	80,253	34,096
Interest	47,607	38,446
Commitments to unconsolidated entities	11,584	8,928
Other	44,878	53,920
Accrued expenses, Total	$ 1,109,129	$ 1,110,196

Accrued Expenses (Detail Textua

Accrued Expenses (Detail Textuals) - USD ($) $ in Thousands	3 Months Ended	42 Months Ended	45 Months Ended
	Jan. 31, 2021	Apr. 30, 2020	Jul. 31, 2020	Oct. 31, 2020	Jan. 31, 2020	Oct. 31, 2019	Oct. 31, 2017
Loss Contingencies [Line Items]
Standard and Extended Product Warranty Accrual	$ 150,877			$ 157,351	$ 188,916	$ 201,886
Loss Contingency, Receivable	77,180			79,269
Water intrusion related [Member]
Loss Contingencies [Line Items]
Loss Contingency, Estimate of Possible Loss		$ 324,400					$ 324,400
Standard and Extended Product Warranty Accrual	75,200			79,500
Water intrusion related [Member] | Warranty Obligations
Loss Contingencies [Line Items]
Loss Contingency, Estimate of Possible Loss		24,400
Other Assets [Member] | Water intrusion related [Member]
Loss Contingencies [Line Items]
Product Liability Contingency, Third Party Recovery		$ 152,600	$ 152,600
Loss Contingency, Receivable	67,300			$ 68,400
Other Assets [Member] | Water intrusion related [Member] | Warranty Obligations
Loss Contingencies [Line Items]
Product Liability Contingency, Third Party Recovery	$ 24,400

Accrued Expenses (Details 1)

Accrued Expenses (Details 1) - USD ($) $ in Thousands	3 Months Ended
	Jan. 31, 2021	Jan. 31, 2020
Changes in the warranty accrual
Balance, beginning of year	$ 157,351	$ 201,886
Additions - homes closed during the period	7,402	7,024
Charges incurred	(15,070)	(21,212)
Balance, end of year	150,877	188,916
Warranty change, homes closed in prior period, other [Member]
Changes in the warranty accrual
Increase (decrease) to accruals for homes closed in prior years	$ 1,194	$ 1,218

Income Taxes (Details Textual)

Income Taxes (Details Textual) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Jan. 31, 2021	Jan. 31, 2020	Oct. 31, 2020
Income Taxes (Textual) [Abstract]
Income tax provision	$ 30,906	$ 9,056
Effective Income Tax Rate Reconciliation, Percent	24.30%	13.70%
Effective Income Tax Rate Reconciliation, Tax Credit, Other, Amount		$ 6,900
Unrecognized Tax Benefits	$ 6,700
Significant Change in Unrecognized Tax Benefits is Reasonably Possible, Estimated Range Not Possible	During the next 12 months, it is reasonably possible that our unrecognized tax benefits will change, but we are not able to provide a range of such change.
State and Local Jurisdiction [Member]
Income Taxes (Textual) [Abstract]
Effective Income Tax Rate Reconciliation, State and Local Income Taxes, Percent	6.00%		5.60%

Stock-Based Benefit Plans (Deta

Stock-Based Benefit Plans (Details) - USD ($) $ in Thousands	3 Months Ended
	Jan. 31, 2021	Jan. 31, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense recognized	$ 12,834	$ 13,383
Income tax benefit recognized	$ 3,289	$ 3,407

Stock-Based Benefit Plans (De_2

Stock-Based Benefit Plans (Details Textual) - USD ($) $ in Millions	Jan. 31, 2021	Oct. 31, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unamortized value of outstanding stock-based compensation awards	$ 26	$ 15.9

Stock Repurchase Program and _3

Stock Repurchase Program and Cash Dividend (Details) - $ / shares shares in Thousands	3 Months Ended
	Jan. 31, 2021	Jan. 31, 2020
Stock Repurchase Program [Abstract]
Number of shares purchased	4,027	11,686
Average price per share	$ 44.54	$ 40.73
Remaining authorization at January 31:	15,957	8,314

Stock Repurchase Program and _4

Stock Repurchase Program and Cash Dividend (Details Textual) - shares shares in Millions	Mar. 10, 2020	Dec. 19, 2019
December 2019 Repurchase Program [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock Repurchase Program, Number of Shares Authorized to be Repurchased		20
March 2020 Repurchase Program
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock Repurchase Program, Number of Shares Authorized to be Repurchased	20

Stock Repurchase Program and _5

Stock Repurchase Program and Cash Dividend (Details Textual 1) - $ / shares	3 Months Ended
	Jan. 31, 2021	Jan. 31, 2020
Stock Repurchase Program and Cash Dividend [Abstract]
Common Stock, Dividends, Per Share, Declared and Paid	$ 0.11	$ 0.11

Earnings Per Share Informatio_2

Earnings Per Share Information (Details) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Jan. 31, 2021	Jan. 31, 2020
Earnings Per Share [Abstract]
Net income as reported	$ 96,499	$ 56,876
Basic weighted-average shares	126,060	138,145
Common stock equivalents	1,502	1,744
Diluted weighted-average shares	127,562	139,889
Debt Instrument [Line Items]
Shares issued under stock incentive and employee stock purchase plans	456	547
Restricted Stock Units RSU And Employee Stock Option Member [Member]
Debt Instrument [Line Items]
Weighted-average number of antidilutive options and restricted stock units	589	675

Fair Value Disclosures (Level 4

Fair Value Disclosures (Level 4 FV of Fin Instr) (Details) - USD ($) $ in Thousands	3 Months Ended
	Jan. 31, 2021	Jan. 31, 2020	Oct. 31, 2020
Summary of assets and (liabilities), measured at fair value on a recurring basis
Other investing changes	$ (334)	$ (649)
Fair Value, Recurring [Member] | Forward Contracts [Member] | Residential Mortgage [Member] | Level 2 [Member]
Summary of assets and (liabilities), measured at fair value on a recurring basis
Derivative Liability			$ (31)
Derivative Asset	52
Fair Value, Recurring [Member] | Interest Rate Swap | Level 2 [Member]
Summary of assets and (liabilities), measured at fair value on a recurring basis
Derivative Asset	652		0
Fair Value, Recurring [Member] | Assets Held-for-sale [Member] | Residential Mortgage [Member] | Level 2 [Member]
Summary of assets and (liabilities), measured at fair value on a recurring basis
Loans Held-for-sale, Fair Value Disclosure	125,475		231,797
Fair Value, Recurring [Member] | Interest Rate Lock Commitments [Member] | Forward Contracts [Member] | Level 2 [Member]
Summary of assets and (liabilities), measured at fair value on a recurring basis
Derivative Liability			(628)
Derivative Asset	358
Interest Rate Lock Commitments [Member] | Fair Value, Recurring [Member] | Level 2 [Member]
Summary of assets and (liabilities), measured at fair value on a recurring basis
Derivative Liability	$ (358)
Derivative Asset			$ 628

Fair Value Disclosures (Level_2

Fair Value Disclosures (Level 4 loan UPB vs FV) (Details 1) - USD ($) $ in Thousands	Jan. 31, 2021	Oct. 31, 2020
Aggregate unpaid principal and fair value of mortgage loans held for sale
Mortgage Loans on Real Estate, Commercial and Consumer, Net	$ 125,475	$ 231,797
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Assets Held-for-sale [Member] | Residential Mortgage [Member]
Aggregate unpaid principal and fair value of mortgage loans held for sale
Aggregate unpaid principal balance	122,879	225,826
Mortgage Loans on Real Estate, Commercial and Consumer, Net	125,475	231,797
Fair Value, Option, Aggregate Differences, Loans and Long-term Receivables	$ 2,596	$ 5,971

Fair Value Disclosures (Level_3

Fair Value Disclosures (Level 4 Inv Impair inputs) (Details 2) $ in Thousands	3 Months Ended					12 Months Ended
	Jan. 31, 2021USD ($)Homes_sold	Oct. 31, 2020USD ($)	Jul. 31, 2020USD ($)	Apr. 30, 2020USD ($)	Jan. 31, 2020USD ($)	Oct. 31, 2020USD ($)numberOfCommunities
Fair value inputs, assets, quantitative information [Line Items]
Inventory Write-down	$ 1,267				$ 1,031
Fair Value, Nonrecurring [Member] | Land Owned for Future Communities [Member]
Fair value inputs, assets, quantitative information [Line Items]
Inventory Write-down						$ 31,700
Number of Communities Impaired (in ones) | numberOfCommunities						9
Fair Value Of Communities Net Of Impairment Charges		$ 21,800				$ 21,800
Minimum [Member] | Land Owned for Future Communities [Member]
Fair value inputs, assets, quantitative information [Line Items]
Sales Price Per Lot						33
Maximum [Member] | Land Owned for Future Communities [Member]
Fair value inputs, assets, quantitative information [Line Items]
Sales Price Per Lot						180
Operating communities [Member]
Fair value inputs, assets, quantitative information [Line Items]
Inventory Write-down	1,100					$ 675
Operating communities [Member] | Minimum [Member]
Fair value inputs, assets, quantitative information [Line Items]
Average selling price	$ 2,003			$ 613
Sales Pace (in ones)	2			9
Fair Value Inputs, Discount Rate	14.30%			14.30%
Operating communities [Member] | Maximum [Member]
Fair value inputs, assets, quantitative information [Line Items]
Average selling price	$ 2,003			$ 789
Sales Pace (in ones)	2			9
Fair Value Inputs, Discount Rate	14.30%			14.30%

Fair Value Disclosures (Level_4

Fair Value Disclosures (Level 4 inventory fv) (Details 3) $ in Thousands	3 Months Ended					12 Months Ended
	Jan. 31, 2021USD ($)	Oct. 31, 2020USD ($)	Jul. 31, 2020USD ($)	Apr. 30, 2020USD ($)	Jan. 31, 2020USD ($)	Oct. 31, 2020USD ($)
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Inventory Write-down	$ 1,267				$ 1,031
Equity Method Investment, Nonconsolidated Investee or Group of Investees
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Revenues	92,530				$ 133,170
Operating communities [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Inventory Write-down	$ 1,100					$ 675
Fair Value, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member] | Operating communities [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Number of Operating Communities Tested (in ones)	53	53	66	80	65
Number of Communities Impaired (in ones)	1	1	0	1	0
Fair Value Of Communities Net Of Impairment Charges	$ 419	$ 1,113	$ 0	$ 2,754	$ 0	$ 1,113
Inventory Write-down	1,100	$ 375	$ 0	$ 300	0
City Living [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Inventory Write-down	1,100				0
North [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Inventory Write-down	35				94
South [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Inventory Write-down	25				747
Mid-Atlantic [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Inventory Write-down	32				1
Pacific [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Inventory Write-down	$ 66				$ 11

Fair Value Disclosures (Level_5

Fair Value Disclosures (Level 4 debt fv) (Details 4) - USD ($) $ in Thousands	Jan. 31, 2021	Oct. 31, 2020
Reported Value Measurement [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt Instrument, Fair Value Disclosure	$ 3,746,614	$ 3,969,744
Reported Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | Loans Payable [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt Instrument, Fair Value Disclosure	974,139	1,151,257
Reported Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | Warehouse Agreement Borrowings [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt Instrument, Fair Value Disclosure	112,619	148,611
Reported Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | Senior Notes [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt Instrument, Fair Value Disclosure	2,659,856	2,669,876
Estimate of Fair Value Measurement [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt Instrument, Fair Value Disclosure	4,006,695	4,194,748
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | Loans Payable [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt Instrument, Fair Value Disclosure	979,592	1,157,315
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | Warehouse Agreement Borrowings [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt Instrument, Fair Value Disclosure	112,619	148,611
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | Senior Notes [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt Instrument, Fair Value Disclosure	$ 2,914,484	$ 2,888,822

Other Income - Net (Details)

Other Income - Net (Details) - USD ($) $ in Thousands	3 Months Ended
	Jan. 31, 2021	Jan. 31, 2020
Other Nonoperating Income By Component [Line Items]
Interest income	$ 1,455	$ 4,902
Income from Ancillary Businesses	6,859	522
Management fee income from home building unconsolidated entities, net	1,563,376	1,331,431
Other	(1,330)	(475)
Total other income - net	7,101	6,295
Revenues and expenses of non-core ancillary businesses
Revenues	29,101	26,410
Expenses	22,242	25,888
Management Fee [Member]
Other Nonoperating Income By Component [Line Items]
Management fee income from home building unconsolidated entities, net	$ 117	$ 1,346

Other Income - Net (Details Tex

Other Income - Net (Details Textual) - USD ($) $ in Thousands	3 Months Ended
	Jan. 31, 2021	Jan. 31, 2020
Schedule of Equity Method Investments [Line Items]
Income from Ancillary Businesses, net	$ 6,859	$ 522
Apartment living [Member]
Schedule of Equity Method Investments [Line Items]
Income from Ancillary Businesses, net	$ 4,800	$ 3,800

Commitments and Contingencies_2

Commitments and Contingencies (Details) - USD ($) $ in Thousands	Jan. 31, 2021	Oct. 31, 2020
Company's land purchase commitments
Purchase Obligation	$ 2,752,846	$ 2,640,225
Land Purchase Commitment To Unrelated Party [Member]
Company's land purchase commitments
Purchase Obligation	2,744,059	2,630,128
Land Purchase Commitment To JV [Member]
Company's land purchase commitments
Purchase Obligation	8,787	10,097
Land Parcel Purchase Commitment [Member]
Company's land purchase commitments
Deposits against Aggregate Purchase Commitments	207,600	223,571
Additional cash required to acquire land	2,545,246	2,416,654
Amount of Additional Cash Required to Acquire Land Included in Accrued Expenses	$ 18,092	$ 19,590

Commitments and Contingencies_3

Commitments and Contingencies (Details Textual) $ in Thousands	Jan. 31, 2021USD ($)home_sites	Oct. 31, 2020USD ($)
Long-term Purchase Commitment [Line Items]
Purchase Obligation	$ 2,752,846	$ 2,640,225
Land for Apartment Development Purchase Commitment [Member]
Long-term Purchase Commitment [Line Items]
Purchase Obligation	121,500
Deposits against Aggregate Purchase Commitments	$ 6,500
Land Development Joint Ventures [Member] | Commitment To Acquire Home Sites [Member]
Long-term Purchase Commitment [Line Items]
Unrecorded Unconditional Purchase Obligation, Maximum Quantity | home_sites	3,900

Commitments and Contingencies_4

Commitments and Contingencies (Details Textual 1) $ in Millions	Jan. 31, 2021USD ($)luxury_homes
Backlog Information [Abstract]
Number of homes to be delivered (in ones) | luxury_homes	8,888
Aggregate sales value of outstanding homes to be delivered	$ 7,470
Oct 2019 Revolving Credit Facility [Member]
Loss Contingencies [Line Items]
Outstanding letter of credit	120.2
Surety Bond Construction Improvements [Member]
Loss Contingencies [Line Items]
Outstanding Surety Bonds Amount	800.4
Amount of work remains on improvements in the Company's various communities	383.6
Surety Bond Other Obligations [Member]
Loss Contingencies [Line Items]
Additional outstanding surety bonds	$ 188.5

Commitments and Contingencies_5

Commitments and Contingencies (Details 1) - Loan Origination Commitments [Member] - USD ($) $ in Thousands	Jan. 31, 2021	Oct. 31, 2020
Company's mortgage commitments
Unused Commitments to Extend Credit	$ 2,801,531	$ 2,069,917
Investor commitments to purchase	638,331	598,992
Interest Rate Lock Commitments [Member]
Company's mortgage commitments
Unused Commitments to Extend Credit	521,022	381,116
Investor commitments to purchase	521,022	381,116
Non Interest Rate Lock Commitments [Member]
Company's mortgage commitments
Unused Commitments to Extend Credit	2,280,509	1,688,801
Mortgage Receivable [Member]
Company's mortgage commitments
Investor commitments to purchase	$ 117,309	$ 217,876

Information on Segments (Detail

Information on Segments (Details Textual)	3 Months Ended
	Jan. 31, 2021joint_ventures
Information on Segments [Abstract]
Number of Segments	2
Number of Geographic Segments	5

Information on Segments (Deta_2

Information on Segments (Details) - USD ($) $ in Thousands	3 Months Ended
	Jan. 31, 2021	Jan. 31, 2020	Oct. 31, 2020
Revenues
Revenues	$ 1,563,376	$ 1,331,431
Income (loss) before income taxes
Income before income taxes	127,405	65,932
Total assets
Total assets	10,863,993		$ 11,065,733
Inventory Write-down	1,267	1,031
Proceeds from sale of golf club property	79,356
Gain (Loss) on Disposition of Assets	38,279
North [Member]
Revenues
Revenues	312,639	254,059
Income (loss) before income taxes
Income before income taxes	18,882	2,531
Total assets
Total assets	1,415,114		1,427,523
Inventory Write-down	35	94
Mid-Atlantic [Member]
Revenues
Revenues	163,984	162,476
Income (loss) before income taxes
Income before income taxes	18,813	6,988
Total assets
Total assets	984,134		918,641
Inventory Write-down	32	1
South [Member]
Revenues
Revenues	216,884	183,630
Income (loss) before income taxes
Income before income taxes	21,483	9,077
Total assets
Total assets	1,289,620		1,176,962
Inventory Write-down	25	747
Mountain [Member]
Revenues
Revenues	377,977	263,096
Income (loss) before income taxes
Income before income taxes	36,013	17,585
Total assets
Total assets	2,053,597		1,961,348
Inventory Write-down	9	178
Pacific [Member]
Revenues
Revenues	331,158	395,356
Income (loss) before income taxes
Income before income taxes	47,554	63,322
Total assets
Total assets	2,343,787		2,226,685
Inventory Write-down	66	11
Traditional Homebuilding [Member]
Revenues
Revenues	1,402,642	1,258,617
Income (loss) before income taxes
Income before income taxes	142,745	99,503
Total assets
Total assets	8,086,252		7,711,159
Inventory Write-down	167	1,031
City Living [Member]
Revenues
Revenues	7,793	39,835
Income (loss) before income taxes
Income before income taxes	32,692	9,549
Total assets
Total assets	542,763		539,750
Inventory Write-down	1,100	0
Corporate and other [Member]
Revenues
Revenues	269	(1,115)
Income (loss) before income taxes
Income before income taxes	(48,032)	(43,120)
Total assets
Total assets	2,234,978		$ 2,814,824
Home Building [Member]
Revenues
Revenues	1,410,704	1,297,337
Land [Member]
Revenues
Revenues	152,672	$ 34,094
Land [Member] | City Living [Member]
Total assets
Proceeds from sale of golf club property	82,400
Gain (Loss) on Disposition of Assets	$ (38,300)