Toll Brothers (TOL) 10-Q 1 Sep 22 2022 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information Document - shares	9 Months Ended
	Jul. 31, 2022	Aug. 30, 2022
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jul. 31, 2022
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
Title of 12(b) Security	Common Stock, par value $0.01 per share
Trading Symbol	TOL
Security Exchange Name	NYSE
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		113,330,000
Entity Central Index Key	0000794170
Current Fiscal Year End Date	--10-31
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q3
Amendment Flag	false

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jul. 31, 2022	Oct. 31, 2021
ASSETS
Cash and cash equivalents	$ 316,471	$ 1,638,494
Inventory	9,408,525	7,915,884
Property, construction and office equipment, net	288,110	310,455
Receivables, prepaid expenses and other assets	645,109	738,078
Mortgage loans held for sale, at fair value	121,218	247,211
Customer deposits held in escrow	168,293	88,627
Investments in unconsolidated entities	767,566	599,101
Income Taxes Receivable	27,961	0
Total assets	11,743,253	11,537,850
Liabilities:
Loans payable	1,200,178	1,011,534
Senior notes	1,995,029	2,403,989
Mortgage company loan facility	113,705	147,512
Customer deposits	812,470	636,379
Accounts payable	625,662	562,466
Accrued expenses	1,228,398	1,220,235
Income taxes payable	228,764	215,280
Total liabilities	6,204,206	6,197,395
Stockholders' equity:
Preferred stock, none issued	0	0
Common stock, 127,937 shares issued July 31, 2022 and October 31, 2021, respectively	1,279	1,279
Additional paid-in capital	715,831	714,453
Retained earnings	5,548,496	4,969,839
Treasury stock, at cost - 14,608 and 7,820 shares at July 31, 2022 and October 31, 2021, respectively	(759,072)	(391,656)
Total AOCI ending balance	16,739	1,109
Total stockholders' equity	5,523,273	5,295,024
Noncontrolling interest	15,774	45,431
Total equity	5,539,047	5,340,455
Total liabilities and stockholders' equity	11,743,253	11,537,850
Variable Interest Entity, Primary Beneficiary [Member]
ASSETS
Investments in unconsolidated entities	82,000
Total assets	$ 0	$ 90,800

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - shares shares in Thousands	Jul. 31, 2022	Oct. 31, 2021
Statement of Financial Position [Abstract]
Preferred stock, shares issued		0
Common stock, shares issued	127,937	127,937
Treasury stock, at cost	14,608	7,820

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations and Comprehensive Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Jul. 31, 2022	Jul. 31, 2021	Jul. 31, 2022	Jul. 31, 2021
Revenues	$ 2,494,802	$ 2,255,481	$ 6,563,424	$ 5,748,981
Cost of revenues	1,900,264	1,744,833	5,041,654	4,504,944
Selling, general and administrative	232,865	233,915	703,372	663,824
Income from operations	361,673	276,733	818,398	580,213
Other:
Income from unconsolidated entities	2,984	16,636	27,954	28,313
Other income - net	1,294	10,026	16,230	27,311
Gain (Loss) on Extinguishment of Debt			0	(35,211)
Income before income taxes	365,951	303,395	862,582	600,626
Income tax provision	92,484	68,463	216,618	141,329
Net income	273,467	234,932	645,964	459,297
Other comprehensive income, net of tax:
Other comprehensive income, net	(2,680)	335	15,630	1,004
Total comprehensive income	$ 270,787	$ 235,267	$ 661,594	$ 460,301
Per share:
Basic earnings	$ 2.37	$ 1.90	$ 5.47	$ 3.68
Diluted earnings	$ 2.35	$ 1.87	$ 5.41	$ 3.63
Weighted average number of shares:
Basic	115,334	123,826	118,056	124,727
Diluted	116,326	125,610	119,369	126,390
5.625% Senior notes due 2024
Other:
Gain (Loss) on Extinguishment of Debt	$ 0	$ 0	$ 0	$ 35,211
Home Building [Member]
Revenues	2,256,337	2,234,365	6,130,218	5,481,329
Cost of revenues	1,670,703	1,726,124	4,619,495	4,282,410
Land [Member]
Revenues	238,465	21,116	433,206	267,652
Cost of revenues	$ 229,561	$ 18,709	$ 422,159	$ 222,534

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Changes in Equity - USD ($) $ in Thousands	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Treasury Stock [Member]	AOCI Attributable to Parent [Member]	Noncontrolling Interest [Member]	Cumulative Effect, Period of Adoption, Adjustment	Cumulative Effect, Period of Adoption, Adjustment Common Stock [Member]	Cumulative Effect, Period of Adoption, Adjustment Additional Paid-in Capital [Member]	Cumulative Effect, Period of Adoption, Adjustment Retained Earnings [Member]	Cumulative Effect, Period of Adoption, Adjustment Treasury Stock [Member]	Cumulative Effect, Period of Adoption, Adjustment AOCI Attributable to Parent [Member]	Cumulative Effect, Period of Adoption, Adjustment Noncontrolling Interest [Member]
Beginning balance at Oct. 31, 2020	$ 4,927,476	$ 1,529	$ 717,272	$ 5,164,086	$ (1,000,454)	$ (7,198)	$ 52,241
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stockholders' Equity, Period Increase (Decrease)								$ (595)			$ (595)
Net income	459,297			459,297
Purchase of treasury stock	(275,058)				(275,058)
Exercise of stock options, stock based compensation issuances, and employee stock purchase plan issuances	8,975		(24,955)		33,930
Stock-based compensation	19,942		19,942
Dividends declared	(56,226)			(56,226)
Other Comprehensive Income (Loss), Net of Tax	3,343					3,343
Net income (loss) attributable to noncontrolling interest	(47)						(47)
Capital contributions (distributions) – net	(3,204)						(3,204)
Ending balance at Jul. 31, 2021	5,083,903	1,529	712,259	5,566,562	(1,241,582)	(3,855)	48,990
Beginning balance at Oct. 31, 2020	$ 4,927,476	1,529	717,272	5,164,086	(1,000,454)	(7,198)	52,241
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Accounting Standards Update [Extensible Enumeration]	Accounting Standards Update 2016-13 [Member]
Ending balance at Oct. 31, 2021	$ 5,340,455	1,279	714,453	4,969,839	(391,656)	1,109	45,431
Beginning balance at Apr. 30, 2021	4,960,789	1,529	709,422	5,352,573	(1,148,406)	(2,048)	47,719
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	234,932			234,932
Purchase of treasury stock	(95,411)				(95,411)
Exercise of stock options, stock based compensation issuances, and employee stock purchase plan issuances	1,409		(826)		2,235
Stock-based compensation	3,663		3,663
Dividends declared	(20,943)			(20,943)
Other Comprehensive Income (Loss), Net of Tax	(1,807)					(1,807)
Net income (loss) attributable to noncontrolling interest	(27)						(27)
Capital contributions (distributions) – net	1,298						1,298
Ending balance at Jul. 31, 2021	5,083,903	1,529	712,259	5,566,562	(1,241,582)	(3,855)	48,990
Beginning balance at Oct. 31, 2021	5,340,455	1,279	714,453	4,969,839	(391,656)	1,109	45,431
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	645,964			645,964
Purchase of treasury stock	(383,886)				(383,886)
Exercise of stock options, stock based compensation issuances, and employee stock purchase plan issuances	(1,410)		(17,880)		16,470
Stock-based compensation	19,258		19,258
Dividends declared	(67,307)			(67,307)
Other Comprehensive Income (Loss), Net of Tax	15,630					15,630
Net income (loss) attributable to noncontrolling interest	86						86
Capital contributions (distributions) – net	(29,743)						(29,743)
Ending balance at Jul. 31, 2022	5,539,047	1,279	715,831	5,548,496	(759,072)	16,739	15,774
Beginning balance at Apr. 30, 2022	5,379,666	1,279	714,651	5,297,939	(669,396)	19,419	15,774
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	273,467			273,467
Purchase of treasury stock	(91,607)				(91,607)
Exercise of stock options, stock based compensation issuances, and employee stock purchase plan issuances	873		(1,058)		1,931
Stock-based compensation	2,238		2,238
Dividends declared	(22,910)			(22,910)
Other Comprehensive Income (Loss), Net of Tax	(2,680)					(2,680)
Ending balance at Jul. 31, 2022	$ 5,539,047	$ 1,279	$ 715,831	$ 5,548,496	$ (759,072)	$ 16,739	$ 15,774

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Jul. 31, 2022	Jul. 31, 2021
Cash flow provided by (used in) operating activities:
Net income	$ 645,964	$ 459,297
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities:
Depreciation and amortization	53,267	53,938
Stock-based compensation	19,258	19,942
Income (Loss) from unconsolidated entities	(27,954)	(28,313)
Distributions of earnings from unconsolidated entities	31,182	30,716
Deferred tax (benefit) provision	10,659	6,956
Inventory impairments and write-offs	10,673	15,997
Asset Impairment Charges	6,800	0
Gain (Loss) on Sale of Assets	326	(38,706)
Expenses related to early retirement of debt	0	35,211
Other	3,435	1,984
Changes in operating assets and liabilities
Inventory	(1,288,029)	(578,461)
Payments for Origination of Mortgage Loans Held-for-sale	(1,390,630)	(1,452,289)
Sale of mortgage loans	1,513,603	1,498,946
Receivables, prepaid expenses and other assets	32,114	97,738
Current income taxes, net	(30,361)	(11,492)
Customer deposits, net	96,425	163,440
Accounts payable and accrued expenses	66,637	173,524
Net Cash Provided by (Used in) Operating Activities, Continuing Operations	(246,631)	448,428
Cash flow (used in) provided by investing activities:
Purchase of property and equipment - net	(56,485)	(45,772)
Investments in and advances to unconsolidated entities	(176,592)	(190,027)
Return of investments in unconsolidated entities	109,645	166,045
Proceeds from sales of golf club property and an office building	28,309	80,418
Payments for (Proceeds from) Other Investing Activities	194	649
Net Cash (Used in) Provided By Investing Activities, Continuing Operations	(94,929)	11,313
Cash flow used in financing activities:
Proceeds from loans payable	2,950,869	2,164,646
Repayments of loans payable	(3,009,301)	(2,381,509)
Redemption of senior notes	(409,856)	(294,168)
(Payments) proceeds from stock-based benefit plans	(1,407)	8,979
Purchase of treasury stock	(383,886)	(275,058)
Dividends paid	(66,948)	(56,103)
Proceeds from (Payments to) Noncontrolling Interests	(25,766)	(4,710)
Net Cash Used in Financing Activities, Continuing Operations	(946,295)	(837,923)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Excluding Exchange Rate Effect	(1,287,855)	(378,182)
Cash, Cash Equivalents, and Restricted Cash , beginning of period	1,684,412	1,396,604
Cash, Cash Equivalents, and Restricted Cash, end of period	$ 396,557	$ 1,018,422

Significant Accounting Policies

Significant Accounting Policies	9 Months Ended
	Jul. 31, 2022
Accounting Policies [Abstract]
Significant Accounting Policies [Text Block]	Significant Accounting Policies Basis of Presentation Our 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. Our 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, 2021 balance sheet amounts and disclosures have been derived from our October 31, 2021 audited financial statements. Since the 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 included in our Annual Report on Form 10-K for the fiscal year ended October 31, 2021 (“2021 Form 10-K”). In the opinion of management, the unaudited condensed consolidated financial statements include all recurring adjustments necessary to present fairly our financial position as of July 31, 2022; the results of our operations and changes in equity for the three-month and nine-month periods ended July 31, 2022 and 2021; and our cash flows for the nine-month periods ended July 31, 2022 and 2021. The results of operations for 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 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. We are subject to risks and uncertainties, including risks and uncertainties resulting from the COVID-19 pandemic, that are likely to continue to impact our business operations. As a result, actual results could differ from the estimates and assumptions we make and such differences may be material. 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 July 31, 2022, 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 $812.5 million and $636.4 million at July 31, 2022 and October 31, 2021, respectively. Of the outstanding customer deposits held as of October 31, 2021, we recognized $131.1 million and $374.8 million in home sales revenues during the three months and nine months ended July 31, 2022. Land sales and other revenues: Our revenues from land sales and other generally consist of: (1) land sales to joint ventures in which we retain an interest; (2) bulk sales to third parties of land we have decided no longer meets our development criteria; (3) lot sales to third-party builders within our master planned communities; 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 of incentive and by 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. Recent Accounting Pronouncements In March 2020, the FASB issued ASU 2020-04, “Reference Rate Reform (Topic 848),” as amended by ASU 2021-01 in January 2021, directly addressing the effects of reference rate reform on financial reporting as a result of the cessation of the publication of certain LIBOR rates beginning December 31, 2021, with complete elimination of the publication of the LIBOR rates by June 30, 2023. The guidance provides optional expedients and exceptions for applying GAAP to contracts, hedging relationships and other transactions affected by reference rate reform by virtue of referencing LIBOR or another reference rate expected to be discontinued. This guidance became effective on March 12, 2020 and can be adopted no later than December 31, 2022, with early adoption permitted. We are currently evaluating the impact, but do not expect that the adoption of ASU 2020-04, as amended by ASU 2021-01, will have a material impact on our consolidated financial statements or disclosures. Reclassification

Acquisition

Acquisition	9 Months Ended
	Jul. 31, 2022
Business Combination and Asset Acquisition [Abstract]
Acquisition	Acquisition In June 2022, we acquired substantially all of the assets and operations of a privately-held home builder with operations in San Antonio, Texas for approximately $48.1 million in cash. The assets acquired, which consisted of 16 communities, were primarily inventory, including approximately 450 home sites owned or controlled through land purchase agreements.

Inventory

Inventory	9 Months Ended
	Jul. 31, 2022
Inventory Disclosure [Abstract]
Inventory	Inventory Inventory at July 31, 2022 and October 31, 2021 consisted of the following (amounts in thousands): July 31, October 31, Land controlled for future communities $ 250,313 $ 185,656 Land owned for future communities 884,815 564,737 Operating communities 8,273,397 7,165,491 $ 9,408,525 $ 7,915,884 Operating communities include communities offering homes for sale; communities that have sold all available home sites but have not completed delivery of the homes 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. Backlog consists of homes under contract but not yet delivered to our home buyers (“backlog”). 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 July 31, Nine months ended July 31, 2022 2021 2022 2021 Land controlled for future communities $ 3,848 $ 2,045 $ 6,833 $ 3,792 Land owned for future communities 2,400 11,105 3,840 11,105 Operating communities — — — 1,100 $ 6,248 $ 13,150 $ 10,673 $ 15,997 See Note 14, “Commitments and Contingencies,” for information regarding land purchase commitments. At July 31, 2022, we evaluated our land purchase contracts, including those to acquire land for apartment developments, to determine whether any of the selling entities were variable interest entities (“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 July 31, 2022, we determined that 240 land purchase contracts, with an aggregate purchase price of $3.84 billion, on which we had made aggregate deposits totaling $378.5 million, were VIEs, and that we were not the primary beneficiary of any VIE related to our land purchase contracts. At October 31, 2021, we determined that 289 land purchase contracts, with an aggregate purchase price of $3.67 billion, on which we had made aggregate deposits totaling $302.4 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 July 31, Nine months ended July 31, 2022 2021 2022 2021 Interest capitalized, beginning of period $ 237,333 $ 295,145 $ 253,938 $ 297,975 Interest incurred 34,676 37,133 97,569 116,447 Interest expensed to home sales cost of revenues (37,308) (49,995) (110,567) (127,412) Interest expensed to land sales and other cost of revenues (1,221) (1,064) (4,848) (3,482) Interest reclassified to property, construction and office equipment - net — (1,034) — (1,034) Interest capitalized on investments in unconsolidated entities (1,759) (1,078) (4,566) (3,403) Previously capitalized interest on investments in unconsolidated entities transferred to inventory 32 76 227 92 Interest capitalized, end of period $ 231,753 $ 279,183 $ 231,753 $ 279,183

Investments in Unconsolidated E

Investments in Unconsolidated Entities	9 Months Ended
	Jul. 31, 2022
Investments in and Advances to Affiliates, Schedule of Investments [Abstract]
Investments in Unconsolidated Entities	Investments in Unconsolidated Entities We have investments in various unconsolidated entities and our ownership interest in these investments ranges from 5.0% to 50%. These entities, which are structured as joint ventures and either: (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 and single family homes, commercial space, and a hotel (“Rental Property Joint Ventures”); or (iv) 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 July 31, 2022, 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 15 1 41 4 61 Investment in unconsolidated entities (1) $ 320,263 $ 3,972 $ 426,850 $ 16,481 $ 767,566 Number of unconsolidated entities with funding commitments by the Company 12 — 16 1 29 Company’s remaining funding commitment to unconsolidated entities (2) $ 121,728 $ — $ 103,108 $ 13,326 $ 238,162 (1) Our total investment includes $97.6 million related to 13 unconsolidated joint venture-related variable interests in VIEs and our maximum exposure to losses related to these VIEs is approximately $199.9 million as of July 31, 2022. Our ownership interest in such unconsolidated Joint Venture VIEs ranges from 20% to 50% . (2) Our remaining funding commitment includes approximately $104.9 million related to our unconsolidated joint venture-related variable interests in VIEs. Certain joint ventures in which we have investments obtained debt financing to finance a portion of their activities. The table below provides information at July 31, 2022, regarding the debt financing obtained by category ($ amounts in thousands): Land Rental Property Total Number of joint ventures with debt financing 8 34 42 Aggregate loan commitments $ 532,685 $ 3,262,234 $ 3,794,919 Amounts borrowed under loan commitments $ 419,031 $ 1,646,157 $ 2,065,188 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 the nine-months ended July 31, 2022 ($ amounts in thousands): Land Development Joint Ventures Rental Property Joint Ventures Gibraltar Joint Ventures Number of unconsolidated joint ventures entered into during the period 3 11 1 Investment balance at July 31, 2022 $ 44,500 $ 118,600 $ 2,400 In the first quarter of fiscal 2022, we entered into a joint venture with an unrelated party to develop a luxury for-rent residential apartment project in Washington, D.C. on land which we contributed to the venture. Under the terms of the joint venture agreement, our partner had the right to put their interest back to us if certain conditions were not satisfied. Accordingly, the land we contributed and subsequent additional spend, which had a carrying value of $60.1 million, was previously recorded on our balance sheet under “Receivables, prepaid expenses, and other assets.” During our third quarter of fiscal 2022, the put option lapsed and we deconsolidated this land and recognized the land sale. The table below provides information on joint ventures entered into during the nine-months ended July 31, 2021 ($ amounts in thousands): Land Development Joint Ventures Rental Property Joint Ventures Number of unconsolidated joint ventures entered into during the period 4 4 Investment balance at July 31, 2021 $ 102,700 $ 51,300 Subsequent event In August 2022, we entered into two joint ventures with an unrelated party to develop two luxury condominium communities in the New York City metropolitan area. Prior to the formation of these ventures, we capitalized approximately $106.5 million of land and land development costs. Our partner acquired a 55% interest in these ventures for approximately $51.6 million, which equaled our pro-rata cost basis. We received cash of $61.2 million as a result of these formations, which included a combination of partner and loan proceeds, resulting in our initial investment in these ventures of $45.5 million. Concurrent with their formation, the joint ventures entered into construction loan agreements aggregating $219.7 million to finance the remaining development of these projects, of which $17.6 million was borrowed at the closing of the ventures. We, and an affiliate of our partner, provided certain guarantees under the construction loan agreements. We estimate that our maximum exposure under recourse guarantees, if the full amount of the loan commitments were borrowed, would be $44.9 million without taking into account any recoveries from the underlying collateral or any reimbursement from our partner. Results of Operations and Intra-entity Transactions From time to time, certain of our land development and rental property joint ventures sell assets to unrelated parties or to our joint venture partner. In connection with these sales, we recognized gains of $17.0 million in the three -month period ended July 31, 2021 . No gains were recognized in the three-month period ended July 31, 2022. In the nine-month periods ended July 31, 2022 and 2021, we recognized gains of $21.0 million and $34.5 million, respectively. These gains ar e included in “Income from unconsolidated entities” on our Condensed Consolidated Statements of Operations and Comprehensive Income. In the nine-month period ended July 31, 2021, we recognized other-than-temporary impairment charges on our investments in certain Home Building Joint Ventures of $2.1 million. There were no other-than-temporary impairment charges recognized in the nine-month period ended July 31, 2022 or the three-month periods ended July 31, 2022 and 2021. In the three -month periods ended July 31, 2022 and 2021, w e purchased land from unconsolidated entities, principally related to our acquisition of lots from our Land Development Joint Ventures, totaling $2.4 million and $3.2 million, respectively. In the nine- month periods ended July 31, 2022 and 2021 , w e purchased land from unconsolidated entities, principally related to our acquisition of lots from our Land Development Joint Ventures, totaling $40.3 million and $11.0 million, respectively. Our share of income from the lots we acquired was insignificant in each period. In the three -month periods ended July 31, 2022 and 2021, w e sold land to unconsolidated entities, which principally involved land sales to our Rental Property Joint Ventures, totaling $159.7 million and $9.8 million, respectively. In the nine- month periods ended July 31, 2022 and 2021, w e sold land to unconsolidated entities, which principally involved land sales to our Rental Property Joint Ventures, totaling $311.5 million and $149.7 million, respectively. These amounts are included in “Land sales and other revenue” on our Condensed Consolidated Statements of Operations and Comprehensive Income and are generally sold at or near our land basis. 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 portions of 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 July 31, 2022, 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): July 31, 2022 Loan commitments in the aggregate $ 2,623,200 Our maximum estimated exposure under repayment and carry cost guarantees if the full amount of the debt obligations were borrowed (1) $ 544,600 Debt obligations borrowed in the aggregate $ 980,600 Our maximum estimated exposure under repayment and carry cost guarantees of the debt obligations borrowed $ 306,500 Estimated fair value of guarantees provided by us related to debt and other obligations $ 15,300 Terms of guarantees 1 month - 3.9 years (1) Our maximum estimated exposure under repayment and carry cost guarantees includes approximately $95.0 million related to our unconsolidated Joint Venture VIEs. The maximum exposure estimates presented above do not take into account any recoveries from the underlying collateral or any reimbursement from our partners. Nor do they include any potential exposures related to project completion guarantees or the indemnities noted above, which are not estimable. We have not made payments under any of the outstanding guarantees, nor have we been called upon to do so. Variable Interest Entities We have both unconsolidated and consolidated joint venture-related variable interests in VIEs. Information regarding our involvement in unconsolidated joint-venture related variable interests in VIEs has been disclosed throughout information presented above. The table below provides information as of July 31, 2022 and October 31, 2021, regarding our consolidated joint venture-related variable interests in VIEs ($ amounts in thousands): Balance Sheet Classification July 31, October 31, Number of Joint Venture VIEs that the Company is the primary beneficiary and consolidates 5 5 Carrying value of consolidated VIEs assets Receivables prepaid expenses, and other assets and Investments in unconsolidated entities $ 82,000 $ 90,800 Our partners’ interests in consolidated VIEs Noncontrolling interest $ 9,700 $ 39,400 Our ownership interest in the above consolidated Joint Venture VIEs ranges from 82% to 98%. As shown above, we are the primary beneficiary 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 are not the primary beneficiary 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 Combined Financial Information The Condensed Combined Balance Sheets, as of the dates indicated, and the Condensed Combined Statements of Operations, for the periods indicated, for the unconsolidated entities in which we have an investment are included below (in thousands): Condensed Combined Balance Sheets: July 31, October 31, Cash and cash equivalents $ 233,544 $ 153,582 Inventory 1,062,469 964,962 Loans receivable – net 38,666 86,727 Rental properties 1,581,268 1,496,355 Rental properties under development 1,303,236 697,659 Other assets 296,201 227,579 Total assets $ 4,515,384 $ 3,626,864 Debt – net of deferred financing costs $ 2,040,702 $ 1,677,619 Other liabilities 308,845 248,545 Members’ equity 2,165,837 1,700,700 Total liabilities and equity $ 4,515,384 $ 3,626,864 Company’s net investment in unconsolidated entities (1) $ 767,566 $ 599,101 (1) Our underlying equity in the net assets of the unconsolidated entities was (less) more than our net investment in unconsolidated entities by $(5.4) million and $16.5 million as of July 31, 2022 and October 31, 2021, respectively, and these differences are primarily a result of other than temporary impairments we have recognized; 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 Combined Statements of Operations: Three months ended July 31, Nine months ended July 31, 2022 2021 2022 2021 Revenues $ 114,542 $ 89,304 $ 401,065 $ 268,257 Cost of revenues 60,566 52,414 256,256 209,273 Other expenses 45,967 37,497 128,742 107,968 Total expenses 106,533 89,911 384,998 317,241 Loss on disposition of loans and real estate owned — (2,575) (113) (2,785) Income (loss) from operations 8,009 (3,182) 15,954 (51,769) Other income (2) 3,919 44,065 44,156 79,398 Income before income taxes 11,928 40,883 60,110 27,629 Income tax expense (benefit) 37 27 194 (1,632) Net income including earnings from noncontrolling interests 11,891 40,856 59,916 29,261 Less: income attributable to noncontrolling interest — — — (174) Net income attributable to controlling interest $ 11,891 $ 40,856 $ 59,916 $ 29,087 Company’s equity in earnings of unconsolidated entities (3) $ 2,984 $ 16,636 $ 27,954 $ 28,313 (2) The nine months ended July 31, 2022 includes $29.9 million related to the sale of an asset by one Rental Property Joint Venture. The three months and nine months ended July 31, 2021 includes $42.3 million and $74.9 million, respectively, related to the sale of assets by our Rental Property Joint Ventures. (3) 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; promote earned on the gains recognized by joint ventures and those promoted cash flows being distributed; other than temporary impairments we have recognized; 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.

Receivables, Prepaid Expenses,

Receivables, Prepaid Expenses, and Other Assets	9 Months Ended
	Jul. 31, 2022
Receivables, prepaid expenses and other assets [Abstract]
Receivables, Prepaid Expenses, and Other Assets	Receivables, Prepaid Expenses, and Other Assets Receivables, prepaid expenses, and other assets at July 31, 2022 and October 31, 2021, consisted of the following (amounts in thousands): July 31, 2022 October 31, 2021 Expected recoveries from insurance carriers and others $ 14,172 $ 16,773 Improvement cost receivable 71,202 67,626 Escrow cash held by our wholly owned title company 79,211 41,429 Properties held for rental apartment and commercial development 191,283 381,401 Prepaid expenses 39,159 34,960 Right-of-use asset 105,280 96,276 Other 144,802 99,613 $ 645,109 $ 738,078 See Note 7, “Accrued Expenses,” for additional information regarding the expected recoveries from insurance carriers and others. As of October 31, 2021, properties held for rental apartment and commercial development include $90.8 million of assets related to consolidated VIEs. There were no consolidated VIE assets included in properties held for rental apartment and commercial development as of July 31, 2022. 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	9 Months Ended
	Jul. 31, 2022
Debt Disclosure [Abstract]
Loans Payable, Senior Notes, and Mortgage Company Loan Facility	Loans Payable, Senior Notes, and Mortgage Company Loan Facility Loans Payable At July 31, 2022 and October 31, 2021, loans payable consisted of the following (amounts in thousands): July 31, October 31, Senior unsecured term loan $ 650,000 $ 650,000 Loans payable – other 552,290 364,042 Deferred issuance costs (2,112) (2,508) $ 1,200,178 $ 1,011,534 Senior Unsecured Term Loan We are party to a $650.0 million senior unsecured term loan facility (the “Term Loan Facility”) with a syndicate of banks. On October 31, 2021, we entered into term loan extension agreements to extend the maturity date of $548.4 million of outstanding term loans from November 1, 2025 to November 1, 2026, with the remainder of the term loans remaining due November 1, 2025. Other than $101.6 million of term loans that are scheduled to mature on November 1, 2025, there are no payments required before the final maturity date on the Term Loan Facility. At July 31, 2022, the interest rate on the Term Loan Facility was 3.43% per annum. We and substantially all of our 100%-owned home building subsidiaries are guarantors under the Term Loan Facility. The Term Loan Facility contains substantially the same financial covenants as the Revolving Credit Facility described below. 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. The spread at July 31, 2022 was 1.05%. These interest rate swaps were designated as cash flow hedges. Revolving Credit Facility We have a $1.905 billion, senior unsecured revolving credit facility (the “Revolving Credit Facility”) with a syndicate of banks. On October 31, 2021, we entered into extension letter agreements which extended the maturity date of $1.78 billion of the revolving loans and commitments under the Revolving Credit Facility from November 1, 2025 to November 1, 2026, with the remainder of the revolving loans and commitments continuing to terminate on November 1, 2025. We and substantially all of our 100%-owned home building subsidiaries are guarantors under the Revolving Credit Facility. Under the terms of the Revolving Credit Facility, at July 31, 2022, 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 $2.09 billion. Under the terms of the Revolving Credit Facility, at July 31, 2022, our leverage ratio was approximately 0.50 to 1.00, and our tangible net worth was approximately $5.47 billion. Based upon the terms of the Revolving Credit Facility, our ability to repurchase our common stock was limited to approximately $4.28 billion as of July 31, 2022. In addition, under the provisions of the Revolving Credit Facility, our ability to pay cash dividends was limited to approximately $3.38 billion as of July 31, 2022. At July 31, 2022, we had no outstanding borrowings under the Revolving Credit Facility and had approximately $94.2 million of outstanding letters of credit that were issued under the Revolving Credit Facility. At July 31, 2022, the interest rate on outstanding borrowings under the Revolving Credit Facility would have been 3.56% per annum. In August 2022, we borrowed $400.0 million under our Revolving Credit Facility. Loans Payable – Other “Loans payable – other” primarily represents purchase money mortgages on properties we acquired that the seller had financed, project-level financing, and various revenue bonds that were issued by government entities on our behalf to finance community infrastructure and our manufacturing facilities. At July 31, 2022, the weighted-average interest rate on “Loans payable – other” was 4.00% per annum. Senior Notes At July 31, 2022, we had five issues of senior notes outstanding with an aggregate principal amount of $2.00 billion. In our first quarter of fiscal 2022, we redeemed the remaining $409.9 million principal amount of 5.875% Senior Notes due February 15, 2022, at par, plus accrued interest. Mortgage Company Loan Facility

Accrued Expenses

Accrued Expenses	9 Months Ended
	Jul. 31, 2022
Payables and Accruals [Abstract]
Accrued Expenses	Accrued Expenses Accrued expenses at July 31, 2022 and October 31, 2021 consisted of the following (amounts in thousands): July 31, October 31, Land, land development, and construction $ 284,669 $ 310,996 Compensation and employee benefits 199,495 232,161 Escrow liability 71,389 36,107 Self-insurance 239,677 236,369 Warranty 144,631 145,062 Lease liabilities 127,967 116,248 Deferred revenue 37,803 36,638 Interest 37,084 34,033 Commitments to unconsolidated entities 26,656 22,150 Other 59,027 50,471 $ 1,228,398 $ 1,220,235 The table below provides, for the periods indicated, a reconciliation of the changes in our warranty accrual (amounts in thousands): Three months ended July 31, Nine months ended July 31, 2022 2021 2022 2021 Balance, beginning of period $ 143,991 $ 153,640 $ 145,062 $ 157,351 Additions – homes closed during the period 15,598 10,430 38,798 29,141 Addition – liabilities assumed in a business acquisition 150 — 150 — Increase in accruals for homes closed in prior years – net 3,315 1,111 6,987 6,002 Charges incurred (18,423) (14,767) (46,366) (42,080) Balance, end of period $ 144,631 $ 150,414 $ 144,631 $ 150,414 Since fiscal 2014, we have received water intrusion claims from owners of homes built since 2002 in communities located in Pennsylvania and Delaware. 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 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 were $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 and again in the fourth fiscal quarter of 2021, we reduced the aggregate estimated repair costs to be incurred for known and unknown water intrusion claims by a total of $36.2 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 $36.2 million. Our recorded remaining estimated repair costs, which reflects a reduction for the aggregate amount expended to resolve claims, were approximately $49.4 million at July 31, 2022 and $54.7 million at October 31, 2021. Our recorded remaining expected recoveries from insurance carriers and suppliers were approximately $3.1 million at July 31, 2022 and $5.8 million at October 31, 2021. As noted above, our review process includes a number of estimates that are based on assumptions with uncertain outcomes. 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.

Income Taxes

Income Taxes	9 Months Ended
	Jul. 31, 2022
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes We recorded income tax provisions of $92.5 million and $68.5 million for the three months ended July 31, 2022 and 2021, respectively. The effective tax rate was 25.3% for the three months ended July 31, 2022, compared to 22.6% for the three months ended July 31, 2021. We recorded income tax provisions of $216.6 million and $141.3 million for the nine months ended July 31, 2022 and 2021, respectively. The effective tax rate was 25.1% for the nine months ended July 31, 2022, compared to 23.5% for the nine months ended July 31, 2021. 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, federal energy efficient home credits 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 2022 will be approximately 5.6%. Our state income tax rate for the full fiscal year 2021 was 5.8%. At July 31, 2022, we had $5.6 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	9 Months Ended
	Jul. 31, 2022
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 July 31, Nine months ended July 31, 2022 2021 2022 2021 Total stock-based compensation expense recognized $ 2,238 $ 3,663 $ 19,258 $ 19,942 Income tax benefit recognized $ 622 $ 938 $ 4,890 $ 5,105 At July 31, 2022 and October 31, 2021, the aggregate unamortized value of unvested stock-based compensation awards was approximately $18.2 million and $14.7 million, respectively.

Stockholders' Equity

Stockholders' Equity	9 Months Ended
	Jul. 31, 2022
Stock Repurchase Program [Abstract]
Stockholders’ Equity	Stockholders’ Equity Stock Repurchase Program From time to time since fiscal 2017, our Board of Directors has renewed its authorization to repurchase up to 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. Most recently, on May 17, 2022, our Board of Directors renewed its authorization to repurchase 20 million shares of our common stock. Shares may be repurchased in open market transactions, privately negotiated transactions (including accelerated share repurchases), issuer tender offers or other financial arrangements or transactions for general corporate purposes, including to obtain shares for the Company’s equity award and other employee benefit plans. The 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 July 31, Nine months ended July 31, 2022 2021 2022 2021 Number of shares purchased (in thousands) 2,038 1,655 7,257 5,687 Average price per share $ 44.93 $ 57.66 $ 52.90 $ 48.37 Remaining authorization at July 31 (in thousands) 18,319 14,298 18,319 14,298 Cash Dividends On March 8, 2022, our Board of Directors approved an increase in our quarterly cash dividend from $0.17 per share to $0.20 per share. During the three month periods ended July 31, 2022 and 2021, we declared and paid cash dividends of $0.20 and $0.17 per share, respectively, to our shareholders. During the nine months ended July 31, 2022 and 2021, we declared and paid cash dividends of $0.57 and $0.45 per share, respectively, to our shareholders. Accumulated Other Comprehensive Income (Loss) The changes in each component of accumulated other comprehensive income (loss) (“AOCI”), for the periods indicated, were as follows (amounts in thousands): Three months ended July 31, Nine months ended July 31, 2022 2021 2022 2021 Employee Retirement Plans Beginning balance $ (5,347) $ (6,529) $ (6,024) $ (7,198) Losses reclassified from AOCI to net income (1) 452 450 1,355 1,350 Less: Tax benefit (2) (115) (115) (341) (346) Net losses reclassified from AOCI to net income 337 335 1,014 1,004 Other comprehensive income – net of tax 337 335 1,014 1,004 Ending balance $ (5,010) $ (6,194) $ (5,010) $ (6,194) Derivative Instruments Beginning balance $ 24,766 $ 4,481 $ 7,133 $ — Unrealized (losses) gains on derivative instruments (4,082) (2,939) 19,281 3,033 Less: Tax benefit (expense) 1,037 752 (4,829) (771) Net (losses) gains on derivative instruments (3,045) (2,187) 14,452 2,262 Losses reclassified from AOCI to net income (3) 38 60 220 102 Less: Tax benefit (2) (10) (15) (56) (25) Net losses reclassified from AOCI to net income 28 45 164 77 Other comprehensive (loss) income – net of tax (3,017) (2,142) 14,616 2,339 Ending balance $ 21,749 $ 2,339 $ 21,749 $ 2,339 Total AOCI ending balance $ 16,739 $ (3,855) $ 16,739 $ (3,855) (1) Reclassified to “Other income – net” (2) Reclassified to “Income tax provision” (3) Reclassified to “Cost of revenues – home sales”

Earnings Per Share Information

Earnings Per Share Information	9 Months Ended
	Jul. 31, 2022
Earnings Per Share [Abstract]
Earnings 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 July 31, Nine months ended July 31, 2022 2021 2022 2021 Numerator: Net income as reported $ 273,467 $ 234,932 $ 645,964 $ 459,297 Denominator: Basic weighted-average shares 115,334 123,826 118,056 124,727 Common stock equivalents (1) 992 1,784 1,313 1,663 Diluted weighted-average shares 116,326 125,610 119,369 126,390 Other information: Weighted-average number of antidilutive options and restricted stock units (2) 407 37 275 220 Shares issued under stock incentive and employee stock purchase plans 45 64 469 938 (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	9 Months Ended
	Jul. 31, 2022
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 July 31, October 31, 2021 Residential Mortgage Loans Held for Sale Level 2 $ 121,218 $ 247,211 Forward Loan Commitments — Residential Mortgage Loans Held for Sale Level 2 $ 1,464 $ 1,782 Interest Rate Lock Commitments (“IRLCs”) Level 2 $ (3,207) $ (1,773) Forward Loan Commitments — IRLCs Level 2 $ 3,207 $ 1,773 Interest Rate Swap Contracts Level 2 $ 29,128 $ 10,330 At July 31, 2022 and October 31, 2021, 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 included in “Receivables, prepaid expenses and other assets” in our Condensed Consolidated Balance Sheets and 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 July 31, 2022, 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 Fair value At July 31, 2022 $ 121,494 $ 121,218 $ (276) At October 31, 2021 $ 244,467 $ 247,211 $ 2,744 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 the aforementioned inventory was determined using Level 3 criteria. Estimated fair value is primarily determined by discounting the estimated future cash flow of each community. See Note 1, “Significant Accounting Policies – Inventory,” in our 2021 Form 10-K for additional information regarding our methodology for determining fair value. Impairments on operating communities were insignificant during the three month and nine month periods ended July 31, 2022 and 2021 and, accordingly, we did not disclose the ranges of certain quantitative unobservable inputs utilized in determining the fair value of such impaired operating communities. In the three and nine-months ended July 31, 2021, we recognized $11.1 million of impairment charges on land owned for future communities relating to five communities. The estimated fair value of these communities in the aggregate, net of impairment charges, was $25.6 million. For the majority of these communities, the estimated fair values were determined based upon the expected sales price per lot in a sale to another builder. The sales price per lot utilized in determining fair values was approximately $86,000 per lot. Debt The table below provides, as of the dates indicated, the book value and estimated fair value of our debt (amounts in thousands): July 31, 2022 October 31, 2021 Fair value Book value Estimated Book value Estimated Loans payable (1) Level 2 $ 1,202,290 $ 1,195,745 $ 1,014,042 $ 1,021,662 Senior notes (2) Level 1 2,000,000 1,942,321 2,409,856 2,577,818 Mortgage company loan facility (3) Level 2 113,705 113,705 147,512 147,512 $ 3,315,995 $ 3,251,771 $ 3,571,410 $ 3,746,992 (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	9 Months Ended
	Jul. 31, 2022
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 July 31, Nine months ended July 31, 2022 2021 2022 2021 Income from ancillary businesses 1,865 8,544 16,159 24,464 Management fee income from Land Development and Home Building Joint Ventures – net 931 1,048 3,306 1,613 Other (1,502) 434 (3,235) 1,234 Total other income – net $ 1,294 $ 10,026 $ 16,230 $ 27,311 Management fee income from Land Development and Home Building Joint Ventures - net includes fees earned by Toll Brothers City Living ® (“City Living”) and our Traditional Home Building operations. Income from ancillary businesses is generated by our mortgage, title, landscaping, smart home technology, 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 July 31, Nine months ended July 31, 2022 2021 2022 2021 Revenues $ 32,994 $ 34,869 $ 92,581 $ 96,700 Expenses $ 31,129 $ 26,325 $ 76,422 $ 72,236 In the nine-month period ended July 31, 2022, our smart home technology business recognized a $9.0 million gain from a bulk sale of security monitoring accounts, which is included in income from ancillary businesses above. In the three-month periods ended July 31, 2022 and 2021, our apartment living operations earned fees from unconsolidated entities of $7.0 million and $4.3 million, respectively. In the nine-month periods ended July 31, 2022 and 2021, our apartment living operations earned fees from unconsolidated entities of $16.6 million and $12.9 million, respectively. Fees earned by our apartment living operations are included in income from ancillary businesses.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Jul. 31, 2022
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. Subsequent event On August 25, 2022, we entered into a $192.5 million settlement agreement with Southern California Gas Company to resolve our claims associated with a natural gas leak that occurred from October 2015 through February 2016 at the Aliso Canyon underground storage facility located near certain of our communities in southern California. Net of legal fees and expenses, in the fourth quarter of fiscal 2022 we expect to record a pre-tax gain of approximately $140.0 million in Other income – net” in our Consolidated Statements of Operations and Comprehensive Income. Land Purchase Contracts 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 contracts, as of the dates indicated, is provided in the table below (amounts in thousands): July 31, 2022 October 31, 2021 Aggregate purchase price: Unrelated parties $ 4,434,860 $ 4,442,804 Unconsolidated entities that the Company has investments in 46,036 9,953 Total $ 4,480,896 $ 4,452,757 Deposits against aggregate purchase price $ 427,143 $ 336,363 Additional cash required to acquire land 4,053,753 4,116,394 Total $ 4,480,896 $ 4,452,757 Amount of additional cash required to acquire land included in accrued expenses $ 20,876 $ 37,447 In addition, we expect to purchase approximately 6,900 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 July 31, 2022, we also had purchase contracts to acquire land for apartment developments of approximately $188.4 million, of which we had outstanding deposits in the amount of $7.9 million. We intend to acquire and 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 price 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 July 31, 2022, 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 July 31, 2022, we had outstanding surety bonds amounting to $886.3 million, primarily related to our obligations to governmental entities to construct improvements in our communities. We estimate that approximately $402.9 million of work remains on these improvements. We have an additional $275.5 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 July 31, 2022, we had outstanding letters of credit of $94.2 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. At July 31, 2022, we had provided financial guarantees of $26.3 million related to fronted letters of credit to secure obligations related to certain of our insurance policy deductibles and other claims. Backlog At July 31, 2022, we had agreements of sale outstanding to deliver 10,725 homes with an aggregate sales value of $11.19 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): July 31, October 31, 2021 Aggregate mortgage loan commitments: IRLCs $ 972,783 $ 528,127 Non-IRLCs 2,778,200 2,705,772 Total $ 3,750,983 $ 3,233,899 Investor commitments to purchase: IRLCs $ 972,783 $ 528,127 Mortgage loans held for sale 118,945 244,376 Total $ 1,091,728 $ 772,503

Information on Segments

Information on Segments	9 Months Ended
	Jul. 31, 2022
Segment Reporting [Abstract]
Information on Segments	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, with current operations generally located in the states listed below: • The North region: Connecticut, Delaware, Illinois, Massachusetts, Michigan, New Jersey, New York and Pennsylvania; • 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 July 31, Nine months ended July 31, 2022 2021 2022 2021 Revenues: Traditional Home Building: North $ 478,652 $ 402,885 $ 1,174,919 $ 1,106,189 Mid-Atlantic 253,973 276,853 765,100 659,128 South 352,674 291,725 922,544 788,785 Mountain 660,517 553,192 1,776,375 1,363,019 Pacific 506,597 523,995 1,433,041 1,313,758 Traditional Home Building 2,252,413 2,048,650 6,071,979 5,230,879 City Living 2,857 184,099 60,631 249,877 Corporate and other 1,067 1,616 (2,392) 573 Total home sales revenues 2,256,337 2,234,365 6,130,218 5,481,329 Land sales and other revenues 238,465 21,116 433,206 267,652 Total revenues $ 2,494,802 $ 2,255,481 $ 6,563,424 $ 5,748,981 Income (loss) before income taxes: Traditional Home Building: North $ 80,543 $ 39,700 $ 162,812 $ 97,802 Mid-Atlantic 40,129 25,347 117,361 68,127 South 56,334 41,439 121,845 101,190 Mountain 120,606 85,085 296,579 173,178 Pacific 125,257 85,029 306,810 206,750 Traditional Home Building 422,869 276,600 1,005,407 647,047 City Living (1) (4,564) 65,912 7,889 111,084 Corporate and other (52,354) (39,117) (150,714) (157,505) Total $ 365,951 $ 303,395 $ 862,582 $ 600,626 (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 our apartment rental development business; 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): July 31, October 31, Traditional Home Building: North $ 1,415,913 $ 1,357,168 Mid-Atlantic 1,072,498 976,887 South 2,116,511 1,421,612 Mountain 2,888,093 2,397,484 Pacific 2,464,769 2,174,997 Traditional Home Building 9,957,784 8,328,148 City Living 275,313 332,972 Corporate and other 1,510,156 2,876,730 Total $ 11,743,253 $ 11,537,850 “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 July 31, Nine months ended July 31, 2022 2021 2022 2021 Traditional Home Building: North $ 387 $ 2,492 $ 1,156 $ 2,557 Mid-Atlantic 1,200 10,488 2,346 10,578 South 405 28 1,014 472 Mountain 1,421 68 1,865 88 Pacific 435 74 692 1,202 Traditional Home Building 3,848 13,150 7,073 14,897 City Living 2,400 — 3,600 1,100 Total $ 6,248 $ 13,150 $ 10,673 $ 15,997

Supplemental Disclosure to Cond

Supplemental Disclosure to Condensed Consolidated Statements of Cash Flows	9 Months Ended
	Jul. 31, 2022
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): Nine months ended July 31, 2022 2021 Cash flow information: Income tax paid – net $ 235,565 $ 145,865 Noncash activity: Cost of inventory acquired through seller financing, municipal bonds, or included in accrued expenses - net $ 213,500 $ 150,589 Reclassification from inventory to property, construction, and office equipment - net $ — $ 32,021 Transfer of inventory to investment in unconsolidated entities $ 556 $ 49,979 Transfer of other assets to investment in unconsolidated entities, net $ 100,264 $ 38,877 Transfer of other assets to property, construction and office equipment - net $ 8,571 $ — Unrealized gain on derivatives $ 18,798 $ 3,699 At July 31, 2022 2021 Cash, cash equivalents, and restricted cash Cash and cash equivalents $ 316,471 $ 946,097 Restricted cash included in receivables, prepaid expenses, and other assets 80,086 72,325 Total cash, cash equivalents, and restricted cash shown on the Condensed Consolidated Statements of Cash Flows $ 396,557 $ 1,018,422

Significant Accounting Polici_2

Significant Accounting Policies (Policies)	9 Months Ended
	Jul. 31, 2022
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation Our 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. Our 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, 2021 balance sheet amounts and disclosures have been derived from our October 31, 2021 audited financial statements. Since the 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 included in our Annual Report on Form 10-K for the fiscal year ended October 31, 2021 (“2021 Form 10-K”). In the opinion of management, the unaudited condensed consolidated financial statements include all recurring adjustments necessary to present fairly our financial position as of July 31, 2022; the results of our operations and changes in equity for the three-month and nine-month periods ended July 31, 2022 and 2021; and our cash flows for the nine-month periods ended July 31, 2022 and 2021. The results of operations for 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 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. We are subject to risks and uncertainties, including risks and uncertainties resulting from the COVID-19 pandemic, that are likely to continue to impact our business operations. As a result, actual results could differ from the estimates and assumptions we make and such differences may be material.
Revenue Recognition	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 July 31, 2022, 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 $812.5 million and $636.4 million at July 31, 2022 and October 31, 2021, respectively. Of the outstanding customer deposits held as of October 31, 2021, we recognized $131.1 million and $374.8 million in home sales revenues during the three months and nine months ended July 31, 2022. Land sales and other revenues: Our revenues from land sales and other generally consist of: (1) land sales to joint ventures in which we retain an interest; (2) bulk sales to third parties of land we have decided no longer meets our development criteria; (3) lot sales to third-party builders within our master planned communities; 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 of incentive and by amount on a community-by-community and home-by-home basis. Incentives are reflected as a
Recent Accounting Pronouncements	Recent Accounting Pronouncements In March 2020, the FASB issued ASU 2020-04, “Reference Rate Reform (Topic 848),” as amended by ASU 2021-01 in January 2021, directly addressing the effects of reference rate reform on financial reporting as a result of the cessation of the publication of certain LIBOR rates beginning December 31, 2021, with complete elimination of the publication of the LIBOR rates by June 30, 2023. The guidance provides optional expedients and exceptions for applying GAAP to contracts, hedging relationships and other transactions affected by reference rate reform by virtue of referencing LIBOR or another reference rate expected to be discontinued. This guidance became effective on March 12, 2020 and can be adopted no later than December 31, 2022, with early adoption permitted. We are currently evaluating the impact, but do not expect that the adoption of ASU 2020-04, as amended by ASU 2021-01, will have a material impact on our consolidated financial statements or disclosures.
Reclassification	ReclassificationCertain prior period amounts have been reclassified to conform to the fiscal 2022 presentation.

Inventory (Tables)

Inventory (Tables)	9 Months Ended
	Jul. 31, 2022
Inventory Disclosure [Abstract]
Inventory	Inventory at July 31, 2022 and October 31, 2021 consisted of the following (amounts in thousands): July 31, October 31, Land controlled for future communities $ 250,313 $ 185,656 Land owned for future communities 884,815 564,737 Operating communities 8,273,397 7,165,491 $ 9,408,525 $ 7,915,884
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 July 31, Nine months ended July 31, 2022 2021 2022 2021 Land controlled for future communities $ 3,848 $ 2,045 $ 6,833 $ 3,792 Land owned for future communities 2,400 11,105 3,840 11,105 Operating communities — — — 1,100 $ 6,248 $ 13,150 $ 10,673 $ 15,997
Interest incurred, capitalized and expensed	Interest incurred, capitalized, and expensed, for the periods indicated, was as follows (amounts in thousands): Three months ended July 31, Nine months ended July 31, 2022 2021 2022 2021 Interest capitalized, beginning of period $ 237,333 $ 295,145 $ 253,938 $ 297,975 Interest incurred 34,676 37,133 97,569 116,447 Interest expensed to home sales cost of revenues (37,308) (49,995) (110,567) (127,412) Interest expensed to land sales and other cost of revenues (1,221) (1,064) (4,848) (3,482) Interest reclassified to property, construction and office equipment - net — (1,034) — (1,034) Interest capitalized on investments in unconsolidated entities (1,759) (1,078) (4,566) (3,403) Previously capitalized interest on investments in unconsolidated entities transferred to inventory 32 76 227 92 Interest capitalized, end of period $ 231,753 $ 279,183 $ 231,753 $ 279,183

Investments in Unconsolidated_2

Investments in Unconsolidated Entities (Tables)	9 Months Ended
	Jul. 31, 2022
Investments in and Advances to Affiliates, Schedule of Investments [Abstract]
Summary of Joint Venture Information	The table below provides information as of July 31, 2022, 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 15 1 41 4 61 Investment in unconsolidated entities (1) $ 320,263 $ 3,972 $ 426,850 $ 16,481 $ 767,566 Number of unconsolidated entities with funding commitments by the Company 12 — 16 1 29 Company’s remaining funding commitment to unconsolidated entities (2) $ 121,728 $ — $ 103,108 $ 13,326 $ 238,162 (1) Our total investment includes $97.6 million related to 13 unconsolidated joint venture-related variable interests in VIEs and our maximum exposure to losses related to these VIEs is approximately $199.9 million as of July 31, 2022. Our ownership interest in such unconsolidated Joint Venture VIEs ranges from 20% to 50% . (2) Our remaining funding commitment includes approximately $104.9 million related to our unconsolidated joint venture-related variable interests in VIEs.
Summary of Joint Ventures Borrowing information	Certain joint ventures in which we have investments obtained debt financing to finance a portion of their activities. The table below provides information at July 31, 2022, regarding the debt financing obtained by category ($ amounts in thousands): Land Rental Property Total Number of joint ventures with debt financing 8 34 42 Aggregate loan commitments $ 532,685 $ 3,262,234 $ 3,794,919 Amounts borrowed under loan commitments $ 419,031 $ 1,646,157 $ 2,065,188
New joint venture formations	The table below provides information on joint ventures entered into during the nine-months ended July 31, 2022 ($ amounts in thousands): Land Development Joint Ventures Rental Property Joint Ventures Gibraltar Joint Ventures Number of unconsolidated joint ventures entered into during the period 3 11 1 Investment balance at July 31, 2022 $ 44,500 $ 118,600 $ 2,400 In the first quarter of fiscal 2022, we entered into a joint venture with an unrelated party to develop a luxury for-rent residential apartment project in Washington, D.C. on land which we contributed to the venture. Under the terms of the joint venture agreement, our partner had the right to put their interest back to us if certain conditions were not satisfied. Accordingly, the land we contributed and subsequent additional spend, which had a carrying value of $60.1 million, was previously recorded on our balance sheet under “Receivables, prepaid expenses, and other assets.” During our third quarter of fiscal 2022, the put option lapsed and we deconsolidated this land and recognized the land sale. The table below provides information on joint ventures entered into during the nine-months ended July 31, 2021 ($ amounts in thousands): Land Development Joint Ventures Rental Property Joint Ventures Number of unconsolidated joint ventures entered into during the period 4 4 Investment balance at July 31, 2021 $ 102,700 $ 51,300 Subsequent event In August 2022, we entered into two joint ventures with an unrelated party to develop two luxury condominium communities in the New York City metropolitan area. Prior to the formation of these ventures, we capitalized approximately $106.5 million of land and land development costs. Our partner acquired a 55% interest in these ventures for approximately $51.6 million, which equaled our pro-rata cost basis. We received cash of $61.2 million as a result of these formations, which included a combination of partner and loan proceeds, resulting in our initial investment in these ventures of $45.5 million. Concurrent with their formation, the joint ventures entered into construction loan agreements aggregating $219.7 million to finance the remaining development of these projects, of which $17.6 million was borrowed at the closing of the ventures. We, and an affiliate of our partner, provided certain guarantees under the construction loan agreements. We estimate that our maximum exposure under recourse guarantees, if the full amount of the loan commitments were borrowed, would be $44.9 million without taking into account any recoveries from the underlying collateral or any reimbursement from our partner.
Summary of Unconsolidated Entities Debt Obligations, Loan Commitments and Guarantees	Information with respect to certain of the Company’s unconsolidated entities’ outstanding debt obligations, loan commitments and our guarantees thereon are as follows ($ amounts in thousands): July 31, 2022 Loan commitments in the aggregate $ 2,623,200 Our maximum estimated exposure under repayment and carry cost guarantees if the full amount of the debt obligations were borrowed (1) $ 544,600 Debt obligations borrowed in the aggregate $ 980,600 Our maximum estimated exposure under repayment and carry cost guarantees of the debt obligations borrowed $ 306,500 Estimated fair value of guarantees provided by us related to debt and other obligations $ 15,300 Terms of guarantees 1 month - 3.9 years (1) Our maximum estimated exposure under repayment and carry cost guarantees includes approximately $95.0 million related to our unconsolidated Joint Venture VIEs.
Condensed balance sheet	Condensed Combined Balance Sheets: July 31, October 31, Cash and cash equivalents $ 233,544 $ 153,582 Inventory 1,062,469 964,962 Loans receivable – net 38,666 86,727 Rental properties 1,581,268 1,496,355 Rental properties under development 1,303,236 697,659 Other assets 296,201 227,579 Total assets $ 4,515,384 $ 3,626,864 Debt – net of deferred financing costs $ 2,040,702 $ 1,677,619 Other liabilities 308,845 248,545 Members’ equity 2,165,837 1,700,700 Total liabilities and equity $ 4,515,384 $ 3,626,864 Company’s net investment in unconsolidated entities (1) $ 767,566 $ 599,101 (1) Our underlying equity in the net assets of the unconsolidated entities was (less) more than our net investment in unconsolidated entities by $(5.4) million and $16.5 million as of July 31, 2022 and October 31, 2021, respectively, and these differences are primarily a result of other than temporary impairments we have recognized; 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 Combined Statements of Operations: Three months ended July 31, Nine months ended July 31, 2022 2021 2022 2021 Revenues $ 114,542 $ 89,304 $ 401,065 $ 268,257 Cost of revenues 60,566 52,414 256,256 209,273 Other expenses 45,967 37,497 128,742 107,968 Total expenses 106,533 89,911 384,998 317,241 Loss on disposition of loans and real estate owned — (2,575) (113) (2,785) Income (loss) from operations 8,009 (3,182) 15,954 (51,769) Other income (2) 3,919 44,065 44,156 79,398 Income before income taxes 11,928 40,883 60,110 27,629 Income tax expense (benefit) 37 27 194 (1,632) Net income including earnings from noncontrolling interests 11,891 40,856 59,916 29,261 Less: income attributable to noncontrolling interest — — — (174) Net income attributable to controlling interest $ 11,891 $ 40,856 $ 59,916 $ 29,087 Company’s equity in earnings of unconsolidated entities (3) $ 2,984 $ 16,636 $ 27,954 $ 28,313 (2) The nine months ended July 31, 2022 includes $29.9 million related to the sale of an asset by one Rental Property Joint Venture. The three months and nine months ended July 31, 2021 includes $42.3 million and $74.9 million, respectively, related to the sale of assets by our Rental Property Joint Ventures. (3) Differences between our equity in earnings of unconsolidated entities and the underlying net income (loss) of the entities are primarily a result of distributions from entities in excess of the carrying amount of our investment; promote earned on the gains recognized by joint ventures and those promoted cash flows being distributed; other than temporary impairments we have recognized; recoveries of previously incurred charges; unrealized gains on our retained joint venture interests; gains recognized from the sale of our investment to our joint venture partner; and our share of the entities’ profits related to home sites purchased by us which reduces our cost basis of the home sites acquired.
Consolidated Joint Venture Related Variable Interest Entities	The table below provides information as of July 31, 2022 and October 31, 2021, regarding our consolidated joint venture-related variable interests in VIEs ($ amounts in thousands): Balance Sheet Classification July 31, October 31, Number of Joint Venture VIEs that the Company is the primary beneficiary and consolidates 5 5 Carrying value of consolidated VIEs assets Receivables prepaid expenses, and other assets and Investments in unconsolidated entities $ 82,000 $ 90,800 Our partners’ interests in consolidated VIEs Noncontrolling interest $ 9,700 $ 39,400 Our ownership interest in the above consolidated Joint Venture VIEs ranges from 82% to 98%.

Receivables, Prepaid Expenses_2

Receivables, Prepaid Expenses, and Other Assets (Tables)	9 Months Ended
	Jul. 31, 2022
Receivables, prepaid expenses and other assets [Abstract]
Receivables, Prepaid Expenses, and Other Assets [Table Text Block]	Receivables, prepaid expenses, and other assets at July 31, 2022 and October 31, 2021, consisted of the following (amounts in thousands): July 31, 2022 October 31, 2021 Expected recoveries from insurance carriers and others $ 14,172 $ 16,773 Improvement cost receivable 71,202 67,626 Escrow cash held by our wholly owned title company 79,211 41,429 Properties held for rental apartment and commercial development 191,283 381,401 Prepaid expenses 39,159 34,960 Right-of-use asset 105,280 96,276 Other 144,802 99,613 $ 645,109 $ 738,078

Loans Payable, Senior Notes a_2

Loans Payable, Senior Notes and Mortgage Company Loan Facility Loans Payable (Tables)	9 Months Ended
	Jul. 31, 2022
Debt Disclosure [Abstract]
Loans Payable [Text Block]	At July 31, 2022 and October 31, 2021, loans payable consisted of the following (amounts in thousands): July 31, October 31, Senior unsecured term loan $ 650,000 $ 650,000 Loans payable – other 552,290 364,042 Deferred issuance costs (2,112) (2,508) $ 1,200,178 $ 1,011,534

Accrued Expenses (Tables)

Accrued Expenses (Tables)	9 Months Ended
	Jul. 31, 2022
Payables and Accruals [Abstract]
Accrued expenses	Accrued expenses at July 31, 2022 and October 31, 2021 consisted of the following (amounts in thousands): July 31, October 31, Land, land development, and construction $ 284,669 $ 310,996 Compensation and employee benefits 199,495 232,161 Escrow liability 71,389 36,107 Self-insurance 239,677 236,369 Warranty 144,631 145,062 Lease liabilities 127,967 116,248 Deferred revenue 37,803 36,638 Interest 37,084 34,033 Commitments to unconsolidated entities 26,656 22,150 Other 59,027 50,471 $ 1,228,398 $ 1,220,235
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 July 31, Nine months ended July 31, 2022 2021 2022 2021 Balance, beginning of period $ 143,991 $ 153,640 $ 145,062 $ 157,351 Additions – homes closed during the period 15,598 10,430 38,798 29,141 Addition – liabilities assumed in a business acquisition 150 — 150 — Increase in accruals for homes closed in prior years – net 3,315 1,111 6,987 6,002 Charges incurred (18,423) (14,767) (46,366) (42,080) Balance, end of period $ 144,631 $ 150,414 $ 144,631 $ 150,414

Stock-Based Benefit Plans (Tabl

Stock-Based Benefit Plans (Tables)	9 Months Ended
	Jul. 31, 2022
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 July 31, Nine months ended July 31, 2022 2021 2022 2021 Total stock-based compensation expense recognized $ 2,238 $ 3,663 $ 19,258 $ 19,942 Income tax benefit recognized $ 622 $ 938 $ 4,890 $ 5,105

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	9 Months Ended
	Jul. 31, 2022
Stock Repurchase Program [Abstract]
Stock repurchase program	The table below provides, for the periods indicated, information about our share repurchase programs: Three months ended July 31, Nine months ended July 31, 2022 2021 2022 2021 Number of shares purchased (in thousands) 2,038 1,655 7,257 5,687 Average price per share $ 44.93 $ 57.66 $ 52.90 $ 48.37 Remaining authorization at July 31 (in thousands) 18,319 14,298 18,319 14,298
Schedule of Accumulated Other Comprehensive Income (Loss)	Accumulated Other Comprehensive Income (Loss) The changes in each component of accumulated other comprehensive income (loss) (“AOCI”), for the periods indicated, were as follows (amounts in thousands): Three months ended July 31, Nine months ended July 31, 2022 2021 2022 2021 Employee Retirement Plans Beginning balance $ (5,347) $ (6,529) $ (6,024) $ (7,198) Losses reclassified from AOCI to net income (1) 452 450 1,355 1,350 Less: Tax benefit (2) (115) (115) (341) (346) Net losses reclassified from AOCI to net income 337 335 1,014 1,004 Other comprehensive income – net of tax 337 335 1,014 1,004 Ending balance $ (5,010) $ (6,194) $ (5,010) $ (6,194) Derivative Instruments Beginning balance $ 24,766 $ 4,481 $ 7,133 $ — Unrealized (losses) gains on derivative instruments (4,082) (2,939) 19,281 3,033 Less: Tax benefit (expense) 1,037 752 (4,829) (771) Net (losses) gains on derivative instruments (3,045) (2,187) 14,452 2,262 Losses reclassified from AOCI to net income (3) 38 60 220 102 Less: Tax benefit (2) (10) (15) (56) (25) Net losses reclassified from AOCI to net income 28 45 164 77 Other comprehensive (loss) income – net of tax (3,017) (2,142) 14,616 2,339 Ending balance $ 21,749 $ 2,339 $ 21,749 $ 2,339 Total AOCI ending balance $ 16,739 $ (3,855) $ 16,739 $ (3,855) (1) Reclassified to “Other income – net” (2) Reclassified to “Income tax provision” (3) Reclassified to “Cost of revenues – home sales”

Earnings Per Share Information

Earnings Per Share Information (Tables)	9 Months Ended
	Jul. 31, 2022
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 July 31, Nine months ended July 31, 2022 2021 2022 2021 Numerator: Net income as reported $ 273,467 $ 234,932 $ 645,964 $ 459,297 Denominator: Basic weighted-average shares 115,334 123,826 118,056 124,727 Common stock equivalents (1) 992 1,784 1,313 1,663 Diluted weighted-average shares 116,326 125,610 119,369 126,390 Other information: Weighted-average number of antidilutive options and restricted stock units (2) 407 37 275 220 Shares issued under stock incentive and employee stock purchase plans 45 64 469 938 (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)	9 Months Ended
	Jul. 31, 2022
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 July 31, October 31, 2021 Residential Mortgage Loans Held for Sale Level 2 $ 121,218 $ 247,211 Forward Loan Commitments — Residential Mortgage Loans Held for Sale Level 2 $ 1,464 $ 1,782 Interest Rate Lock Commitments (“IRLCs”) Level 2 $ (3,207) $ (1,773) Forward Loan Commitments — IRLCs Level 2 $ 3,207 $ 1,773 Interest Rate Swap Contracts Level 2 $ 29,128 $ 10,330
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 Fair value At July 31, 2022 $ 121,494 $ 121,218 $ (276) At October 31, 2021 $ 244,467 $ 247,211 $ 2,744
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): July 31, 2022 October 31, 2021 Fair value Book value Estimated Book value Estimated Loans payable (1) Level 2 $ 1,202,290 $ 1,195,745 $ 1,014,042 $ 1,021,662 Senior notes (2) Level 1 2,000,000 1,942,321 2,409,856 2,577,818 Mortgage company loan facility (3) Level 2 113,705 113,705 147,512 147,512 $ 3,315,995 $ 3,251,771 $ 3,571,410 $ 3,746,992 (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 (Tables)

Other Income - Net (Tables)	9 Months Ended
	Jul. 31, 2022
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 July 31, Nine months ended July 31, 2022 2021 2022 2021 Income from ancillary businesses 1,865 8,544 16,159 24,464 Management fee income from Land Development and Home Building Joint Ventures – net 931 1,048 3,306 1,613 Other (1,502) 434 (3,235) 1,234 Total other income – net $ 1,294 $ 10,026 $ 16,230 $ 27,311
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 July 31, Nine months ended July 31, 2022 2021 2022 2021 Revenues $ 32,994 $ 34,869 $ 92,581 $ 96,700 Expenses $ 31,129 $ 26,325 $ 76,422 $ 72,236

Commitments and Contingencies (

Commitments and Contingencies (Tables)	9 Months Ended
	Jul. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Company land purchase commitments	Information regarding our land purchase contracts, as of the dates indicated, is provided in the table below (amounts in thousands): July 31, 2022 October 31, 2021 Aggregate purchase price: Unrelated parties $ 4,434,860 $ 4,442,804 Unconsolidated entities that the Company has investments in 46,036 9,953 Total $ 4,480,896 $ 4,452,757 Deposits against aggregate purchase price $ 427,143 $ 336,363 Additional cash required to acquire land 4,053,753 4,116,394 Total $ 4,480,896 $ 4,452,757 Amount of additional cash required to acquire land included in accrued expenses $ 20,876 $ 37,447
Company mortgage commitments	Information regarding our mortgage commitments, as of the dates indicated, is provided in the table below (amounts in thousands): July 31, October 31, 2021 Aggregate mortgage loan commitments: IRLCs $ 972,783 $ 528,127 Non-IRLCs 2,778,200 2,705,772 Total $ 3,750,983 $ 3,233,899 Investor commitments to purchase: IRLCs $ 972,783 $ 528,127 Mortgage loans held for sale 118,945 244,376 Total $ 1,091,728 $ 772,503

Information on Segments (Tables

Information on Segments (Tables)	9 Months Ended
	Jul. 31, 2022
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 July 31, Nine months ended July 31, 2022 2021 2022 2021 Revenues: Traditional Home Building: North $ 478,652 $ 402,885 $ 1,174,919 $ 1,106,189 Mid-Atlantic 253,973 276,853 765,100 659,128 South 352,674 291,725 922,544 788,785 Mountain 660,517 553,192 1,776,375 1,363,019 Pacific 506,597 523,995 1,433,041 1,313,758 Traditional Home Building 2,252,413 2,048,650 6,071,979 5,230,879 City Living 2,857 184,099 60,631 249,877 Corporate and other 1,067 1,616 (2,392) 573 Total home sales revenues 2,256,337 2,234,365 6,130,218 5,481,329 Land sales and other revenues 238,465 21,116 433,206 267,652 Total revenues $ 2,494,802 $ 2,255,481 $ 6,563,424 $ 5,748,981 Income (loss) before income taxes: Traditional Home Building: North $ 80,543 $ 39,700 $ 162,812 $ 97,802 Mid-Atlantic 40,129 25,347 117,361 68,127 South 56,334 41,439 121,845 101,190 Mountain 120,606 85,085 296,579 173,178 Pacific 125,257 85,029 306,810 206,750 Traditional Home Building 422,869 276,600 1,005,407 647,047 City Living (1) (4,564) 65,912 7,889 111,084 Corporate and other (52,354) (39,117) (150,714) (157,505) Total $ 365,951 $ 303,395 $ 862,582 $ 600,626 (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 our apartment rental development business; 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): July 31, October 31, Traditional Home Building: North $ 1,415,913 $ 1,357,168 Mid-Atlantic 1,072,498 976,887 South 2,116,511 1,421,612 Mountain 2,888,093 2,397,484 Pacific 2,464,769 2,174,997 Traditional Home Building 9,957,784 8,328,148 City Living 275,313 332,972 Corporate and other 1,510,156 2,876,730 Total $ 11,743,253 $ 11,537,850
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 July 31, Nine months ended July 31, 2022 2021 2022 2021 Traditional Home Building: North $ 387 $ 2,492 $ 1,156 $ 2,557 Mid-Atlantic 1,200 10,488 2,346 10,578 South 405 28 1,014 472 Mountain 1,421 68 1,865 88 Pacific 435 74 692 1,202 Traditional Home Building 3,848 13,150 7,073 14,897 City Living 2,400 — 3,600 1,100 Total $ 6,248 $ 13,150 $ 10,673 $ 15,997

Supplemental Disclosure to Co_2

Supplemental Disclosure to Condensed Consolidated Statements of Cash Flows (Tables)	9 Months Ended
	Jul. 31, 2022
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): Nine months ended July 31, 2022 2021 Cash flow information: Income tax paid – net $ 235,565 $ 145,865 Noncash activity: Cost of inventory acquired through seller financing, municipal bonds, or included in accrued expenses - net $ 213,500 $ 150,589 Reclassification from inventory to property, construction, and office equipment - net $ — $ 32,021 Transfer of inventory to investment in unconsolidated entities $ 556 $ 49,979 Transfer of other assets to investment in unconsolidated entities, net $ 100,264 $ 38,877 Transfer of other assets to property, construction and office equipment - net $ 8,571 $ — Unrealized gain on derivatives $ 18,798 $ 3,699 At July 31, 2022 2021 Cash, cash equivalents, and restricted cash Cash and cash equivalents $ 316,471 $ 946,097 Restricted cash included in receivables, prepaid expenses, and other assets 80,086 72,325 Total cash, cash equivalents, and restricted cash shown on the Condensed Consolidated Statements of Cash Flows $ 396,557 $ 1,018,422

Significant Accounting Polici_3

Significant Accounting Policies (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Jul. 31, 2022	Jul. 31, 2022	Oct. 31, 2021
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Contract liabilities consisting of customer deposits	$ 812,470	$ 812,470	$ 636,379
Home Building [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Contract liabilities, revenue recognized	$ 131,100	$ 374,800

Acquisition (Details)

Acquisition (Details) - SanAntonioTexasJune2022	1 Months Ended
	Jun. 30, 2022 USD ($)
Asset Acquisition [Line Items]
Asset Acquisition, Consideration Transferred	$ 48,100,000
Number of communities included in acquisition	16
Number of home sites included in acquisition	450

Inventory (Details)

Inventory (Details) - USD ($) $ in Thousands	Jul. 31, 2022	Oct. 31, 2021
Total Inventory
Inventory	$ 9,408,525	$ 7,915,884
Land controlled for future communities [Member]
Total Inventory
Inventory	250,313	185,656
Land Owned for Future Communities [Member]
Total Inventory
Inventory	884,815	564,737
Operating communities [Member]
Total Inventory
Inventory	$ 8,273,397	$ 7,165,491

Inventory (Details 1)

Inventory (Details 1) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jul. 31, 2022	Jul. 31, 2021	Jul. 31, 2022	Jul. 31, 2021
Schedule of inventory [Line Items]
Inventory Write-down	$ 6,248	$ 13,150	$ 10,673	$ 15,997
Land controlled for future communities [Member]
Schedule of inventory [Line Items]
Inventory Write-down	3,848	2,045	6,833	3,792
Land Owned for Future Communities [Member]
Schedule of inventory [Line Items]
Inventory Write-down	2,400	11,105	3,840	11,105
Operating communities [Member]
Schedule of inventory [Line Items]
Inventory Write-down	$ 0	$ 0	$ 0	$ 1,100

Inventory (Details 2)

Inventory (Details 2) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jul. 31, 2022	Jul. 31, 2021	Jul. 31, 2022	Jul. 31, 2021
Real Estate Inventory, Capitalized Interest Costs [Roll Forward]
Interest capitalized, beginning of period	$ 237,333	$ 295,145	$ 253,938	$ 297,975
Interest incurred	34,676	37,133	97,569	116,447
Interest reclassified to property, construction and office equipment	0	(1,034)	0	(1,034)
Interest capitalized on investments in unconsolidated entities	(1,759)	(1,078)	(4,566)	(3,403)
Previously capitalized interest on investments in unconsolidated entities transferred to inventory	32	76	227	92
Interest capitalized, end of period	231,753	279,183	231,753	279,183
Home Building [Member]
Real Estate Inventory, Capitalized Interest Costs [Roll Forward]
Interest expensed to cost of revenues	(37,308)	(49,995)	(110,567)	(127,412)
Land [Member]
Real Estate Inventory, Capitalized Interest Costs [Roll Forward]
Interest expensed to cost of revenues	$ (1,221)	$ (1,064)	$ (4,848)	$ (3,482)

Inventory (Details Textual)

Inventory (Details Textual) $ in Thousands	3 Months Ended		9 Months Ended
	Jul. 31, 2022 USD ($)	Jul. 31, 2021 USD ($)	Jul. 31, 2022 USD ($)	Jul. 31, 2021 USD ($)	Oct. 31, 2021 USD ($)
Variable Interest Entity [Line Items]
Purchase obligation	$ 4,480,896		$ 4,480,896		$ 4,452,757
Home Building [Member]
Real estate inventory capitalized interest costs [Line Items]
Interest expensed to cost of revenues	$ 37,308	$ 49,995	$ 110,567	$ 127,412
VariableInterestEntityNotPrimaryBeneficiaryAggregatedDisclosureMember [Member]
Variable Interest Entity [Line Items]
Number of VIE Land Purchase Contracts (in ones)	240		240		289
Interest Rate Swap [Member] | Home Building [Member]
Real estate inventory capitalized interest costs [Line Items]
Interest expensed to cost of revenues	$ 38	60	$ 220	102
Interest Rate Swap [Member] | AOCI Attributable to Parent [Member]
Real estate inventory capitalized interest costs [Line Items]
Interest costs incurred	(851)	$ 265	(483)	$ 665
Land Purchase Commitment To Unrelated Party [Member]
Variable Interest Entity [Line Items]
Purchase obligation	4,434,860		4,434,860		$ 4,442,804
Land Purchase Commitment To Unrelated Party [Member] | VariableInterestEntityNotPrimaryBeneficiaryAggregatedDisclosureMember [Member]
Variable Interest Entity [Line Items]
Purchase obligation	3,840,000		3,840,000		3,670,000
Land Parcel Purchase Commitment [Member]
Variable Interest Entity [Line Items]
Deposits against aggregate purchase commitments	427,143		427,143		336,363
Land Parcel Purchase Commitment [Member] | VariableInterestEntityNotPrimaryBeneficiaryAggregatedDisclosureMember [Member]
Variable Interest Entity [Line Items]
Deposits against aggregate purchase commitments	$ 378,500		$ 378,500		$ 302,400

Investments in Unconsolidated_3

Investments in Unconsolidated Entities (Details 1) $ in Thousands	Jul. 31, 2022 USD ($) joint_ventures	Oct. 31, 2021 USD ($)
Schedule of Equity Method Investments [Line Items]
Number of joint ventures | joint_ventures	61
Investment in unconsolidated entities (1)	$ 767,566	$ 599,101
Number of joint venture with funding commitments | joint_ventures	29
Other commitment	$ 238,162
Land Development Joint Ventures [Member]
Schedule of Equity Method Investments [Line Items]
Number of joint ventures | joint_ventures	15
Investment in unconsolidated entities (1)	$ 320,263
Number of joint venture with funding commitments | joint_ventures	12
Home Building Joint Ventures, Total [Member]
Schedule of Equity Method Investments [Line Items]
Number of joint ventures | joint_ventures	1
Investment in unconsolidated entities (1)	$ 3,972
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	41
Investment in unconsolidated entities (1)	$ 426,850
Number of joint venture with funding commitments | joint_ventures	16
Gibraltar Joint Ventures [Member]
Schedule of Equity Method Investments [Line Items]
Number of joint ventures | joint_ventures	4
Investment in unconsolidated entities (1)	$ 16,481
Number of joint venture with funding commitments | joint_ventures	1
Variable Interest Entity, Not Primary Beneficiary [Member]
Schedule of Equity Method Investments [Line Items]
Number of joint ventures | joint_ventures	13
Investment in unconsolidated entities (1)	$ 97,600
Other commitment	$ 104,900
Variable Interest Entity, Not Primary Beneficiary [Member] | Minimum [Member]
Schedule of Equity Method Investments [Line Items]
Ownership interest	20%
Variable Interest Entity, Not Primary Beneficiary [Member] | Maximum [Member]
Schedule of Equity Method Investments [Line Items]
Ownership interest	50%
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	$ 121,728
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	103,108
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	13,326
Commitment To Advance Or Invest In Affiliates Subsidiaries And Joint Venture [Member] | Variable Interest Entity, Not Primary Beneficiary [Member]
Schedule of Equity Method Investments [Line Items]
Other commitment	$ 199,900

Investments in Unconsolidated_4

Investments in Unconsolidated Entities (Details 2) $ in Thousands	Jul. 31, 2022 USD ($) joint_ventures
Schedule of Equity Method Investments [Line Items]
Number of joint ventures with loan commitments | joint_ventures	42
Line of credit facility, maximum borrowing capacity	$ 3,794,919
Amounts borrowed under commitments	$ 2,065,188
Land Development Joint Ventures [Member]
Schedule of Equity Method Investments [Line Items]
Number of joint ventures with loan commitments | joint_ventures	8
Line of credit facility, maximum borrowing capacity	$ 532,685
Amounts borrowed under commitments	$ 419,031
Rental Joint Ventures, including the Trust [Member]
Schedule of Equity Method Investments [Line Items]
Number of joint ventures with loan commitments | joint_ventures	34
Line of credit facility, maximum borrowing capacity	$ 3,262,234
Amounts borrowed under commitments	$ 1,646,157

Investments in Unconsolidated_5

Investments in Unconsolidated Entities (Details 3) $ in Thousands	9 Months Ended
	Jul. 31, 2022 USD ($) joint_ventures	Jul. 31, 2021 USD ($) joint_ventures	Oct. 31, 2021 USD ($)
Schedule of Equity Method Investments [Line Items]
Investment in unconsolidated entities (1)	$ 767,566		$ 599,101
Total assets	11,743,253		11,537,850
Line of credit facility, maximum borrowing capacity	3,794,919
Long-term line of credit	2,065,188
Variable Interest Entity, Primary Beneficiary [Member]
Schedule of Equity Method Investments [Line Items]
Investment in unconsolidated entities (1)	82,000
Total assets	0		90,800
Noncontrolling Interest in Variable Interest Entity	9,700		$ 39,400
Land Development Joint Ventures [Member]
Schedule of Equity Method Investments [Line Items]
Investment in unconsolidated entities (1)	320,263
Rental Joint Ventures, including the Trust [Member]
Schedule of Equity Method Investments [Line Items]
Investment in unconsolidated entities (1)	426,850
Gibraltar Joint Ventures [Member]
Schedule of Equity Method Investments [Line Items]
Investment in unconsolidated entities (1)	$ 16,481
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	4
Investment in unconsolidated entities (1)	$ 44,500	$ 102,700
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	11	4
Investment in unconsolidated entities (1)	$ 118,600	$ 51,300
Newly Formed Joint Ventures [Member] | Gibraltar Joint Ventures [Member]
Schedule of Equity Method Investments [Line Items]
Number of JVs formed in the period | joint_ventures	1
Investment in unconsolidated entities (1)	$ 2,400

Investments in Unconsolidated_6

Investments in Unconsolidated Entities (Details 4) - USD ($) $ in Thousands	9 Months Ended
	Jul. 31, 2022	Aug. 31, 2022
Schedule of Equity Method Investments [Line Items]
Line of credit facility, maximum borrowing capacity	$ 3,794,919
Long-term line of credit	2,065,188
Newly Formed Joint Ventures [Member] | Subsequent Event [Member]
Schedule of Equity Method Investments [Line Items]
Line of credit facility, maximum borrowing capacity		$ 219,700
Long-term line of credit		17,600
Variable Interest Entity, Not Primary Beneficiary [Member]
Schedule of Equity Method Investments [Line Items]
Our maximum estimated exposure under repayment and carry cost guarantees if the full amount of the debt obligations were borrowed (1)	95,000
Equity Method Investee [Member]
Schedule of Equity Method Investments [Line Items]
Estimated fair value of guarantees provided by us related to debt and other obligations	15,300
Indirect Guarantee of Indebtedness [Member] | Newly Formed Joint Ventures [Member] | Subsequent Event [Member]
Schedule of Equity Method Investments [Line Items]
Our maximum estimated exposure under repayment and carry cost guarantees if the full amount of the debt obligations were borrowed (1)		$ 44,900
Indirect Guarantee of Indebtedness [Member] | Equity Method Investee [Member]
Schedule of Equity Method Investments [Line Items]
Line of credit facility, maximum borrowing capacity	2,623,200
Our maximum estimated exposure under repayment and carry cost guarantees if the full amount of the debt obligations were borrowed (1)	544,600
Long-term line of credit	980,600
Maximum repapyment and carry cost guarantee obligation for borrowings by JV	$ 306,500
Indirect Guarantee of Indebtedness [Member] | Equity Method Investee [Member] | Minimum [Member]
Schedule of Equity Method Investments [Line Items]
Terms of guarantees	1 month
Indirect Guarantee of Indebtedness [Member] | Equity Method Investee [Member] | Maximum [Member]
Schedule of Equity Method Investments [Line Items]
Terms of guarantees	3.9 years

Investments in Unconsolidated_7

Investments in Unconsolidated Entities (Details 5) $ in Thousands	9 Months Ended
	Jul. 31, 2022 USD ($) joint_ventures	Jul. 31, 2021 USD ($) joint_ventures	Oct. 31, 2021 USD ($)
Investments in and Advances to Unconsolidated Entities (Textual) [Abstract]
Number of joint ventures | joint_ventures	61
Investment in unconsolidated entities (1)	$ 767,566		$ 599,101
Other commitment	$ 238,162
Variable Interest Entity, Not Primary Beneficiary [Member]
Investments in and Advances to Unconsolidated Entities (Textual) [Abstract]
Number of joint ventures | joint_ventures	13
Investment in unconsolidated entities (1)	$ 97,600
Other commitment	104,900
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	$ 199,900
Rental Joint Ventures, including the Trust [Member]
Investments in and Advances to Unconsolidated Entities (Textual) [Abstract]
Number of joint ventures | joint_ventures	41
Investment in unconsolidated entities (1)	$ 426,850
Rental Joint Ventures, including the Trust [Member] | Newly Formed Joint Ventures [Member]
Investments in and Advances to Unconsolidated Entities (Textual) [Abstract]
Investment in unconsolidated entities (1)	$ 118,600	$ 51,300
Number of JVs formed in the period | joint_ventures	11	4
Rental Joint Ventures, including the Trust [Member] | Commitment To Advance Or Invest In Affiliates Subsidiaries And Joint Venture [Member]
Investments in and Advances to Unconsolidated Entities (Textual) [Abstract]
Other commitment	$ 103,108
Land Development Joint Ventures [Member]
Investments in and Advances to Unconsolidated Entities (Textual) [Abstract]
Number of joint ventures | joint_ventures	15
Investment in unconsolidated entities (1)	$ 320,263
Land Development Joint Ventures [Member] | Newly Formed Joint Ventures [Member]
Investments in and Advances to Unconsolidated Entities (Textual) [Abstract]
Investment in unconsolidated entities (1)	$ 44,500	$ 102,700
Number of JVs formed in the period | joint_ventures	3	4
Land Development Joint Ventures [Member] | Commitment To Advance Or Invest In Affiliates Subsidiaries And Joint Venture [Member]
Investments in and Advances to Unconsolidated Entities (Textual) [Abstract]
Other commitment	$ 121,728
Minimum [Member] | Variable Interest Entity, Not Primary Beneficiary [Member]
Investments in and Advances to Unconsolidated Entities (Textual) [Abstract]
Ownership interest	20%
Maximum [Member] | Variable Interest Entity, Not Primary Beneficiary [Member]
Investments in and Advances to Unconsolidated Entities (Textual) [Abstract]
Ownership interest	50%

Investments in Unconsolidated_8

Investments in Unconsolidated Entities (Details 6) $ in Thousands	Jul. 31, 2022 USD ($) joint_ventures	Oct. 31, 2021 USD ($) joint_ventures
Statement of Investments in and Advances to Unconsolidated Entities [Line Items]
Number of joint ventures | joint_ventures	61
Investment in unconsolidated entities (1)	$ 767,566	$ 599,101
Total assets	$ 11,743,253	$ 11,537,850
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
Investment in unconsolidated entities (1)	$ 82,000
Total assets	0	$ 90,800
Noncontrolling Interest in Variable Interest Entity	$ 9,700	$ 39,400
Variable Interest Entity, Primary Beneficiary [Member] | Minimum [Member]
Statement of Investments in and Advances to Unconsolidated Entities [Line Items]
Ownership interest	82%
Variable Interest Entity, Primary Beneficiary [Member] | Maximum [Member]
Statement of Investments in and Advances to Unconsolidated Entities [Line Items]
Ownership interest	98%

Investments in Unconsolidated_9

Investments in Unconsolidated Entities (Details 7) - USD ($) $ in Thousands	Jul. 31, 2022	Oct. 31, 2021	Jul. 31, 2021	Oct. 31, 2020
Condensed Balance Sheets:
Total cash, cash equivalents, and restricted cash shown on the Condensed Consolidated Statements of Cash Flows	$ 396,557	$ 1,684,412	$ 1,018,422	$ 1,396,604
Inventory	9,408,525	7,915,884
Other	144,802	99,613
Total assets	11,743,253	11,537,850
Stockholders' Equity Attributable to Noncontrolling Interest	15,774	45,431
Total liabilities and stockholders' equity	11,743,253	11,537,850
Investments in unconsolidated entities	767,566	599,101
Equity Method Investment, Difference Between Carrying Amount and Underlying Equity	(5,400)	16,500
Equity Method Investment, Nonconsolidated Investee or Group of Investees
Condensed Balance Sheets:
Total cash, cash equivalents, and restricted cash shown on the Condensed Consolidated Statements of Cash Flows	233,544	153,582
Inventory	1,062,469	964,962
Loans Receivable, Net	38,666	86,727
Rental Properties	1,581,268	1,496,355
Rental properties under development	1,303,236	697,659
Other	296,201	227,579
Total assets	4,515,384	3,626,864
Debt, net of deferred financing costs	2,040,702	1,677,619
Accrued Liabilities and Other Liabilities	308,845	248,545
Members' Equity	2,165,837	1,700,700
Total liabilities and stockholders' equity	4,515,384	3,626,864
Investments in unconsolidated entities	$ 767,566	$ 599,101

Investments in Unconsolidate_10

Investments in Unconsolidated Entities (Details 8) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jul. 31, 2022	Jul. 31, 2021	Jul. 31, 2022	Jul. 31, 2021
Condensed Statements of Operations and Comprehensive Income:
Income before income taxes	$ 365,951	$ 303,395	$ 862,582	$ 600,626
Income Tax Expense (Benefit)	92,484	68,463	216,618	141,329
Net Income (Loss) Attributable to Noncontrolling Interest		27	(86)	47
Net income	273,467	234,932	645,964	459,297
Income (loss) from equity method investments	2,984	16,636	27,954	28,313
Equity Method Investment, Nonconsolidated Investee or Group of Investees
Condensed Statements of Operations and Comprehensive Income:
Revenues	114,542	89,304	401,065	268,257
Cost of Revenue	60,566	52,414	256,256	209,273
Other Cost and Expense, Operating	45,967	37,497	128,742	107,968
Costs and Expenses	106,533	89,911	384,998	317,241
Income From Non Performing Loan Portfolios and Foreclosed Real Estate	0	(2,575)	(113)	(2,785)
Income before income taxes	8,009	(3,182)	15,954	(51,769)
Other Income	3,919	44,065	44,156	79,398
Net Income Before Noncontrolling Interest	11,928	40,883	60,110	27,629
Income Tax Expense (Benefit)	37	27	194	(1,632)
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest	11,891	40,856	59,916	29,261
Net Income (Loss) Attributable to Noncontrolling Interest	0	0	0	(174)
Net income	11,891	40,856	59,916	29,087
Income (loss) from equity method investments	$ 2,984	16,636	27,954	28,313
Gain (Loss) on Disposition of Property Plant Equipment		$ 42,300	$ 29,900	$ 74,900

Investments in Unconsolidate_11

Investments in Unconsolidated Entities (Details Textual) - USD ($) $ in Thousands	1 Months Ended	3 Months Ended		9 Months Ended
	Aug. 31, 2022	Jul. 31, 2022	Jul. 31, 2021	Jul. 31, 2022	Jul. 31, 2021	Oct. 31, 2021
Schedule of Equity Method Investments [Line Items]
Line of credit facility, maximum borrowing capacity		$ 3,794,919		$ 3,794,919
Long-term line of credit		2,065,188		2,065,188
Investment in unconsolidated entities (1)		767,566		767,566		$ 599,101
Revenues		2,494,802	$ 2,255,481	6,563,424	$ 5,748,981
Land [Member]
Schedule of Equity Method Investments [Line Items]
Revenues		$ 238,465	$ 21,116	$ 433,206	$ 267,652
Subsequent Event [Member] | Newly Formed Joint Ventures [Member]
Schedule of Equity Method Investments [Line Items]
Inventory, Real Estate, Land and Land Development Costs	$ 106,500
Ownership interest	55%
Line of credit facility, maximum borrowing capacity	$ 219,700
Long-term line of credit	17,600
Investment in unconsolidated entities (1)	45,500
Proceeds from Joint Venture Formations	61,200
Subsequent Event [Member] | Newly Formed Joint Ventures [Member] | Land [Member]
Schedule of Equity Method Investments [Line Items]
Revenues	$ 51,600

Investments in Unconsolidate_12

Investments in Unconsolidated Entities (Details Textual 1) $ in Thousands	3 Months Ended		9 Months Ended
	Jul. 31, 2022 USD ($) joint_ventures	Jul. 31, 2021 USD ($)	Jul. 31, 2022 USD ($) joint_ventures	Jul. 31, 2021 USD ($)	Aug. 31, 2022 USD ($)	Oct. 31, 2021 USD ($)
Schedule of Equity Method Investments [Line Items]
Number of joint ventures | joint_ventures	61		61
Line of credit facility, maximum borrowing capacity	$ 3,794,919		$ 3,794,919
Proceeds from Equity Method Investment, Distribution			31,182	$ 30,716
Long-term line of credit	2,065,188		2,065,188
Total assets	11,743,253		11,743,253			$ 11,537,850
Rental Joint Ventures, including the Trust [Member] | Newly Formed Joint Ventures [Member] | Receivables Prepaids and Other Assets
Schedule of Equity Method Investments [Line Items]
Total assets	$ 60,100		$ 60,100
Subsequent Event [Member] | Newly Formed Joint Ventures [Member]
Schedule of Equity Method Investments [Line Items]
Line of credit facility, maximum borrowing capacity					$ 219,700
Long-term line of credit					$ 17,600
Co-venturer [Member] | Minimum [Member]
Schedule of Equity Method Investments [Line Items]
Equity Method Investment, Ownership Percentage	5%		5%
Co-venturer [Member] | Maximum [Member]
Schedule of Equity Method Investments [Line Items]
Equity Method Investment, Ownership Percentage	50%		50%
Land Development Joint Ventures [Member]
Schedule of Equity Method Investments [Line Items]
Number of joint ventures | joint_ventures	15		15
Land Development Joint Ventures [Member] | Equity Method Investee [Member]
Schedule of Equity Method Investments [Line Items]
Revenues	$ 2,400	$ 3,200	$ 40,300	11,000
Rental Joint Ventures, including the Trust [Member]
Schedule of Equity Method Investments [Line Items]
Number of joint ventures | joint_ventures	41		41
Rental Joint Ventures, including Trusts i and II [Member]
Schedule of Equity Method Investments [Line Items]
Equity Method Investment, Realized Gain (Loss) on Disposal	$ 0	17,000	$ 21,000	34,500
Land sales earnings, net	159,700	9,800	311,500	149,700
Home Building Joint Ventures, Total [Member]
Schedule of Equity Method Investments [Line Items]
Other than Temporary Impairment Losses, Investments	$ 0	$ 0	$ 0	$ 2,100

Receivables, Prepaid Expenses_3

Receivables, Prepaid Expenses, and Other Assets (Details) - USD ($) $ in Thousands	Jul. 31, 2022	Oct. 31, 2021
Receivables, prepaid expenses and other assets [Abstract]
Expected recoveries from insurance carriers and others	$ 14,172	$ 16,773
Improvement cost receivable	71,202	67,626
Escrow cash held by our wholly owned title company	79,211	41,429
Properties held for rental apartment and commercial development	191,283	381,401
Prepaid expenses	39,159	34,960
Right-of-use asset	105,280	96,276
Other	144,802	99,613
Receivables, prepaid expenses and other assets	$ 645,109	$ 738,078

Receivables, Notes Receivable,

Receivables, Notes Receivable, and Others (Details Textual) - USD ($) $ in Thousands	Jul. 31, 2022	Oct. 31, 2021
Receivables, prepaid expenses and other assets [Line Items]
Assets	$ 11,743,253	$ 11,537,850
Variable Interest Entity, Primary Beneficiary [Member]
Receivables, prepaid expenses and other assets [Line Items]
Assets	$ 0	$ 90,800

Loans Payable, Senior Notes a_3

Loans Payable, Senior Notes and Mortgage Company Loan Facility Loans Payable (Details) - USD ($) $ in Thousands	Jul. 31, 2022	Oct. 31, 2021
Debt Instrument [Line Items]
Other Loans Payable	$ 552,290	$ 364,042
Loans payable	1,200,178	1,011,534
Senior unsecured term loan [Member]
Debt Instrument [Line Items]
Unsecured Long-term Debt, Noncurrent	650,000	650,000
Deferred Finance Costs, Net	$ (2,112)	$ (2,508)

Loans Payable, Senior Notes a_4

Loans Payable, Senior Notes and Mortgage Company Loan Facility Term Loan Facility (Details Textual 1) $ in Thousands	9 Months Ended
	Jul. 31, 2022 USD ($)	Oct. 31, 2021 USD ($)	Nov. 30, 2020 USD ($) numberOfInterestRateSwaps
Senior unsecured term loan due November 1 2026
Debt Instrument [Line Items]
Repayments of Debt	$ 0
Senior unsecured term loan [Member]
Debt Instrument [Line Items]
Unsecured Long-term Debt, Noncurrent	650,000	$ 650,000
Senior unsecured term loan [Member] | Interest Rate Swap [Member]
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%
Senior unsecured term loan due November 1 2026
Debt Instrument [Line Items]
Unsecured Long-term Debt, Noncurrent	$ 650,000	$ 548,400
Debt Instrument, Interest Rate at Period End	3.43%
Senior unsecured term loan due November 1 2025 | Debt Instrument, Redemption, Period Four
Debt Instrument [Line Items]
Unsecured Long-term Debt, Noncurrent	$ 101,600
Guarantor Subsidiaries [Member] | Toll Brothers
Debt Instrument [Line Items]
Noncontrolling Interest, Ownership Percentage by Parent	100%

Loans Payable, Senior Notes a_5

Loans Payable, Senior Notes and Mortgage Company Loan Facility Credit Facility (Details Textual 2) - USD ($) $ in Thousands	9 Months Ended
	Jul. 31, 2022	Aug. 31, 2022	Oct. 31, 2021
Line of Credit Facility [Line Items]
Line of credit facility, maximum borrowing capacity	$ 3,794,919
Long-term line of credit	2,065,188
Oct 2021 Revolving Credit Facility Extension Agreement
Line of Credit Facility [Line Items]
Line of credit facility, maximum borrowing capacity	$ 1,905,000		$ 1,780,000
Maximum Permissible Leverage Ratio	175%
Minimum Net Worth Required for Compliance	$ 2,090,000
Existing Leverage Ratio	0.50
Tangible Net Worth	$ 5,470,000
Ability to repurchase common stock	4,280,000
Ability to pay dividends	3,380,000
Long-term line of credit	0
Letters of Credit Outstanding, Amount	$ 94,200
Debt Instrument, Interest Rate at Period End	3.56%
Oct 2021 Revolving Credit Facility Extension Agreement | Subsequent Event [Member]
Line of Credit Facility [Line Items]
Long-term line of credit		$ 400,000

Loans Payable, Senior Notes a_6

Loans Payable, Senior Notes and Mortgage Company Loan Facility Loans Payable - Other (Details Textual 3)	Jul. 31, 2022
Loans Payable [Member]
Debt Instrument [Line Items]
Debt, Weighted Average Interest Rate	4%

Loans Payable, Senior Notes a_7

Loans Payable, Senior Notes and Mortgage Company Loan Facility Senior Notes Payable (Details Textual 4) $ in Thousands	9 Months Ended
	Jul. 31, 2022 USD ($) debtissuances	Jul. 31, 2021 USD ($)	Oct. 31, 2021 USD ($)
Senior Note Payable (Textual) [Abstract]
Number of issuances of senior debt | debtissuances	5
Repayments of Senior Debt	$ 409,856	$ 294,168
Senior notes	1,995,029		$ 2,403,989
Senior Notes [Member]
Senior Note Payable (Textual) [Abstract]
Debt Instrument, Face Amount	2,000,000
5.875% Senior Notes Due 2022
Senior Note Payable (Textual) [Abstract]
Senior notes	$ 409,900
Interest rate on notes	5.875%

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		1 Months Ended
	Apr. 02, 2022	Apr. 30, 2022	Jul. 31, 2022
Line of Credit Facility [Line Items]
Line of credit facility, maximum borrowing capacity			$ 3,794,919
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	Apr. 02, 2022
Debt Instrument, Interest Rate, Effective Percentage			4.05%
London Interbank Offered Rate (LIBOR) [Member] | Warehouse Agreement Borrowings [Member]
Line of Credit Facility [Line Items]
Debt Instrument, Basis Spread on Variable Rate	1.75%
Bloomsberg Short-Term Bank Yield Index (BSBY) | Warehouse Agreement Borrowings [Member]
Line of Credit Facility [Line Items]
Debt Instrument, Basis Spread on Variable Rate		1.75%
Bloomsberg Short-Term Bank Yield Index (BSBY) | Warehouse Agreement Borrowings [Member] | Interest Rate Floor
Line of Credit Facility [Line Items]
Debt Instrument, Basis Spread on Variable Rate		0.50%

Accrued Expenses (Details)

Accrued Expenses (Details) - USD ($) $ in Thousands	Jul. 31, 2022	Apr. 30, 2022	Oct. 31, 2021	Jul. 31, 2021	Apr. 30, 2021	Oct. 31, 2020
Accrued expenses
Land, land development, and construction	$ 284,669		$ 310,996
Compensation and employee benefits	199,495		232,161
Escrow liability	71,389		36,107
Self-insurance	239,677		236,369
Warranty	144,631	$ 143,991	145,062	$ 150,414	$ 153,640	$ 157,351
Lease Liabilities	$ 127,967		$ 116,248
Operating Lease, Liability, Statement of Financial Position [Extensible Enumeration]	Accrued expenses, Total		Accrued expenses, Total
Deferred revenue	$ 37,803		$ 36,638
Interest	37,084		34,033
Commitments to unconsolidated entities	26,656		22,150
Other	59,027		50,471
Accrued expenses, Total	$ 1,228,398		$ 1,220,235

Accrued Expenses (Detail Textua

Accrued Expenses (Detail Textuals) - USD ($) $ in Thousands	9 Months Ended	42 Months Ended	45 Months Ended
	Jul. 31, 2022	Apr. 30, 2020	Jul. 31, 2020	Apr. 30, 2022	Oct. 31, 2021	Jul. 31, 2021	Apr. 30, 2021	Oct. 31, 2020	Oct. 31, 2018
Loss Contingencies [Line Items]
Standard and Extended Product Warranty Accrual	$ 144,631			$ 143,991	$ 145,062	$ 150,414	$ 153,640	$ 157,351
Loss Contingency, Receivable	14,172				16,773
Water intrusion related [Member]
Loss Contingencies [Line Items]
Loss Contingency, Estimate of Possible Loss		$ 324,400							$ 324,400
Standard and Extended Product Warranty Accrual	49,400				54,700
Water intrusion related [Member] | Warranty Obligations
Loss Contingencies [Line Items]
Loss Contingency, Estimate of Possible Loss	36,200
Other Assets [Member] | Water intrusion related [Member]
Loss Contingencies [Line Items]
Product Liability Contingency, Third Party Recovery		$ 152,600	$ 152,600
Loss Contingency, Receivable	3,100				$ 5,800
Other Assets [Member] | Water intrusion related [Member] | Warranty Obligations
Loss Contingencies [Line Items]
Product Liability Contingency, Third Party Recovery	$ 36,200

Accrued Expenses (Details 1)

Accrued Expenses (Details 1) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jul. 31, 2022	Jul. 31, 2021	Jul. 31, 2022	Jul. 31, 2021
Changes in the warranty accrual
Balance, beginning of year	$ 143,991	$ 153,640	$ 145,062	$ 157,351
Additions - homes closed during the period	15,598	10,430	38,798	29,141
Standard Product Warranty Accrual, Additions from Business Acquisition	150	0	150	0
Charges incurred	(18,423)	(14,767)	(46,366)	(42,080)
Balance, end of year	144,631	150,414	144,631	150,414
Warranty change, homes closed in prior period, other [Member]
Changes in the warranty accrual
Increase in accruals for homes closed in prior years - net	$ 3,315	$ 1,111	$ 6,987	$ 6,002

Income Taxes (Details Textual)

Income Taxes (Details Textual) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Jul. 31, 2022	Jul. 31, 2021	Jul. 31, 2022	Jul. 31, 2021	Oct. 31, 2021
Income Taxes (Textual) [Abstract]
Income tax provision	$ 92,484	$ 68,463	$ 216,618	$ 141,329
Effective Income Tax Rate Reconciliation, Percent	25.30%	22.60%	25.10%	23.50%
Effective Income Tax Rate Reconciliation, State and Local Income Taxes, Percent			5.60%		5.80%
Unrecognized Tax Benefits	$ 5,600		$ 5,600

Stock-Based Benefit Plans (Deta

Stock-Based Benefit Plans (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jul. 31, 2022	Jul. 31, 2021	Jul. 31, 2022	Jul. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense recognized	$ 2,238	$ 3,663	$ 19,258	$ 19,942
Income tax benefit recognized	$ 622	$ 938	$ 4,890	$ 5,105

Stock-Based Benefit Plans (De_2

Stock-Based Benefit Plans (Details Textual) - USD ($) $ in Millions	Jul. 31, 2022	Oct. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unamortized value of unvested stock-based compensation awards	$ 18.2	$ 14.7

Stockholders' Equity (Details)

Stockholders' Equity (Details) - $ / shares shares in Thousands	3 Months Ended		9 Months Ended
	Jul. 31, 2022	Jul. 31, 2021	Jul. 31, 2022	Jul. 31, 2021
Stock Repurchase Program [Abstract]
Number of shares purchased	2,038	1,655	7,257	5,687
Average price per share	$ 44.93	$ 57.66	$ 52.90	$ 48.37
Remaining authorization at July 31:	18,319	14,298	18,319	14,298

Stockholders' Equity (Details T

Stockholders' Equity (Details Textual) - $ / shares shares in Millions			3 Months Ended		9 Months Ended
	Mar. 08, 2022	Mar. 09, 2021	Jul. 31, 2022	Jul. 31, 2021	Jul. 31, 2022	Jul. 31, 2021	May 17, 2022	Oct. 31, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock, dividends, declared and paid (in dollars per share)	$ 0.20	$ 0.17	$ 0.20	$ 0.17	$ 0.57	$ 0.45
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 (in shares)								20
May 2022 Repurchase Program
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock repurchase program, number of shares authorized to be repurchased (in shares)							20

Stockholders' Equity (Details 1

Stockholders' Equity (Details 1) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jul. 31, 2022	Jul. 31, 2021	Jul. 31, 2022	Jul. 31, 2021
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance			$ 1,109
Other Comprehensive Income (Loss), Net of Tax	$ (2,680)	$ (1,807)	15,630	$ 3,343
Ending balance	16,739	(3,855)	16,739	(3,855)
Total AOCI ending balance	16,739	(3,855)	16,739	(3,855)
Defined Benefit Plan, Unfunded Plan [Member]
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(5,347)	(6,529)	(6,024)	(7,198)
Losses reclassified from AOCI to net income (1)	452	450	1,355	1,350
Less: Tax benefit (2)	(115)	(115)	(341)	(346)
Net losses reclassified from AOCI to net income	337	335	1,014	1,004
Other Comprehensive Income (Loss), Net of Tax	337	335	1,014	1,004
Ending balance	(5,010)	(6,194)	(5,010)	(6,194)
Total AOCI ending balance	(5,010)	(6,194)	(5,010)	(6,194)
Interest Rate Swap [Member]
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	24,766	4,481	7,133	0
Other Comprehensive Income (Loss), Net of Tax	(3,017)	(2,142)	14,616	2,339
Ending balance	21,749	2,339	21,749	2,339
Unrealized (losses) gains on derivative instruments	(4,082)	(2,939)	19,281	3,033
Less: Tax benefit (expense)	1,037	752	(4,829)	(771)
Net (losses) gains on derivative instruments	(3,045)	(2,187)	14,452	2,262
Losses reclassified from AOCI to net income (3)	38	60	220	102
Less: Tax benefit (2)	(10)	(15)	(56)	(25)
Net losses reclassified from AOCI to net income	28	45	164	77
Total AOCI ending balance	$ 21,749	$ 2,339	$ 21,749	$ 2,339

Earnings Per Share Informatio_2

Earnings Per Share Information (Details) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Jul. 31, 2022	Jul. 31, 2021	Jul. 31, 2022	Jul. 31, 2021
Earnings Per Share [Abstract]
Net income as reported	$ 273,467	$ 234,932	$ 645,964	$ 459,297
Basic weighted-average shares (in shares)	115,334	123,826	118,056	124,727
Common stock equivalents (in shares)	992	1,784	1,313	1,663
Diluted weighted-average shares (in shares)	116,326	125,610	119,369	126,390
Debt Instrument [Line Items]
Shares issued under stock incentive and employee stock purchase plans (in shares)	45	64	469	938
Restricted Stock Units RSU And Employee Stock Option Member [Member]
Debt Instrument [Line Items]
Weighted-average number of antidilutive options and restricted stock units (in shares)	407	37	275	220

Fair Value Disclosures (Level 4

Fair Value Disclosures (Level 4 FV of Fin Instr) (Details) - Fair Value, Recurring [Member] - Level 2 [Member] - USD ($) $ in Thousands	Jul. 31, 2022	Oct. 31, 2021
Forward Contracts [Member] | Residential Mortgage [Member]
Summary of assets and (liabilities), measured at fair value on a recurring basis
Derivative Asset	$ 1,464	$ 1,782
Interest Rate Swap [Member]
Summary of assets and (liabilities), measured at fair value on a recurring basis
Derivative Asset	29,128	10,330
Assets Held-for-sale [Member] | Residential Mortgage [Member]
Summary of assets and (liabilities), measured at fair value on a recurring basis
Loans Held-for-sale, Fair Value Disclosure	121,218	247,211
Interest Rate Lock Commitments [Member] | Forward Contracts [Member]
Summary of assets and (liabilities), measured at fair value on a recurring basis
Derivative Asset	3,207	1,773
Interest Rate Lock Commitments [Member]
Summary of assets and (liabilities), measured at fair value on a recurring basis
Derivative Liability	$ (3,207)	$ (1,773)

Fair Value Disclosures (Level_2

Fair Value Disclosures (Level 4 loan UPB vs FV) (Details 1) - USD ($) $ in Thousands	Jul. 31, 2022	Oct. 31, 2021
Aggregate unpaid principal and fair value of mortgage loans held for sale
Mortgage Loans on Real Estate, Commercial and Consumer, Net	$ 121,218	$ 247,211
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	121,494	244,467
Mortgage Loans on Real Estate, Commercial and Consumer, Net	121,218	247,211
Fair Value, Option, Aggregate Differences, Loans and Long-term Receivables	$ (276)	$ 2,744

Fair Value Disclosures (Level_3

Fair Value Disclosures (Level 4 debt fv) (Details 2) - USD ($) $ in Thousands	Jul. 31, 2022	Oct. 31, 2021
Book value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt Instrument, Fair Value Disclosure	$ 3,315,995	$ 3,571,410
Book value [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	1,202,290	1,014,042
Book value [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	113,705	147,512
Book value [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	2,000,000	2,409,856
Estimate fair value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt Instrument, Fair Value Disclosure	3,251,771	3,746,992
Estimate fair value [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	1,195,745	1,021,662
Estimate fair value [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	113,705	147,512
Estimate fair value [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	$ 1,942,321	$ 2,577,818

Fair Value Disclosures (Details

Fair Value Disclosures (Details Textual) $ in Thousands	3 Months Ended		9 Months Ended
	Jul. 31, 2022 USD ($)	Jul. 31, 2021 USD ($) numberOfCommunities	Jul. 31, 2022 USD ($)	Jul. 31, 2021 USD ($) numberOfCommunities
Fair value inputs, assets, quantitative information [Line Items]
Inventory Write-down	$ 6,248	$ 13,150	$ 10,673	$ 15,997
Land Owned for Future Communities [Member]
Fair value inputs, assets, quantitative information [Line Items]
Inventory Write-down	$ 2,400	11,105	$ 3,840	11,105
Sales Price Per Lot				86
Fair Value, Nonrecurring [Member] | Land Owned for Future Communities [Member]
Fair value inputs, assets, quantitative information [Line Items]
Inventory Write-down		$ 11,100		$ 11,100
Number of Communities Impaired (in ones) | numberOfCommunities		5		5
Fair Value Of Communities Net Of Impairment Charges		$ 25,600		$ 25,600

Other Income - Net (Details)

Other Income - Net (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jul. 31, 2022	Jul. 31, 2021	Jul. 31, 2022	Jul. 31, 2021
Other Nonoperating Income By Component [Line Items]
Income from ancillary businesses	$ 1,865	$ 8,544	$ 16,159	$ 24,464
Management fee income from Land Development and Home Building Joint Ventures – net	2,494,802	2,255,481	6,563,424	5,748,981
Other	(1,502)	434	(3,235)	1,234
Total other income - net	1,294	10,026	16,230	27,311
Revenues and expenses of non-core ancillary businesses
Revenues	32,994	34,869	92,581	96,700
Expenses	31,129	26,325	76,422	72,236
Management Fee [Member]
Other Nonoperating Income By Component [Line Items]
Management fee income from Land Development and Home Building Joint Ventures – net	$ 931	$ 1,048	$ 3,306	$ 1,613

Other Income - Net (Details Tex

Other Income - Net (Details Textual) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jul. 31, 2022	Jul. 31, 2021	Jul. 31, 2022	Jul. 31, 2021
Schedule of Equity Method Investments [Line Items]
Income from Ancillary Businesses, net	$ 1,865	$ 8,544	$ 16,159	$ 24,464
Security Monitoring Business Member
Schedule of Equity Method Investments [Line Items]
Gain (Loss) on Disposition of Other Assets			9,000
Apartment living [Member]
Schedule of Equity Method Investments [Line Items]
Income from Ancillary Businesses, net	$ 7,000	$ 4,300	$ 16,600	$ 12,900

Commitments and Contingencies_2

Commitments and Contingencies (Details Textual) - Subsequent Event [Member] $ in Thousands	Aug. 25, 2022 USD ($)
Gain Contingencies [Line Items]
Litigation Settlement, Amount Awarded from Other Party	$ 192,500
Other Income
Gain Contingencies [Line Items]
Gain (Loss) Related to Litigation Settlement	$ 140,000

Commitments and Contingencies_3

Commitments and Contingencies (Details) - USD ($) $ in Thousands	Jul. 31, 2022	Oct. 31, 2021
Company's land purchase commitments
Purchase obligation	$ 4,480,896	$ 4,452,757
Land Purchase Commitment To Unrelated Party [Member]
Company's land purchase commitments
Purchase obligation	4,434,860	4,442,804
Land Purchase Commitment To JV [Member]
Company's land purchase commitments
Purchase obligation	46,036	9,953
Land Parcel Purchase Commitment [Member]
Company's land purchase commitments
Deposits against aggregate purchase commitments	427,143	336,363
Additional cash required to acquire land	4,053,753	4,116,394
Amount of Additional Cash Required to Acquire Land Included in Accrued Expenses	$ 20,876	$ 37,447

Commitments and Contingencies_4

Commitments and Contingencies (Details Textual 1) $ in Thousands	Jul. 31, 2022 USD ($) home_sites	Oct. 31, 2021 USD ($)
Long-term Purchase Commitment [Line Items]
Purchase obligation	$ 4,480,896	$ 4,452,757
Minimum [Member] | Co-venturer [Member]
Long-term Purchase Commitment [Line Items]
Equity Method Investment, Ownership Percentage	5%
Land for Apartment Development Purchase Commitment [Member]
Long-term Purchase Commitment [Line Items]
Purchase obligation	$ 188,400
Deposits against aggregate purchase commitments	$ 7,900
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	6,900

Commitments and Contingencies_5

Commitments and Contingencies (Details Textual 2) $ in Thousands	Jul. 31, 2022 USD ($) luxury_homes
Backlog Information [Abstract]
Number of homes to be delivered (in ones) | luxury_homes	10,725
Aggregate sales value of outstanding homes to be delivered	$ 11,190,000
Oct 2021 Revolving Credit Facility Extension Agreement
Loss Contingencies [Line Items]
Outstanding letter of credit	94,200
Surety Bond Construction Improvements [Member]
Loss Contingencies [Line Items]
Outstanding Surety Bonds Amount	886,300
Amount of work remains on improvements in the Company's various communities	402,900
Surety Bond Other Obligations [Member]
Loss Contingencies [Line Items]
Additional outstanding surety bonds	275,500
Financial Guarantee
Loss Contingencies [Line Items]
Outstanding Surety Bonds Amount	$ 26,300

Commitments and Contingencies_6

Commitments and Contingencies (Details 1) - Loan Origination Commitments [Member] - USD ($) $ in Thousands	Jul. 31, 2022	Oct. 31, 2021
Company's mortgage commitments
Unused Commitments to Extend Credit	$ 3,750,983	$ 3,233,899
Investor commitments to purchase	1,091,728	772,503
Interest Rate Lock Commitments [Member]
Company's mortgage commitments
Unused Commitments to Extend Credit	972,783	528,127
Investor commitments to purchase	972,783	528,127
Non Interest Rate Lock Commitments [Member]
Company's mortgage commitments
Unused Commitments to Extend Credit	2,778,200	2,705,772
Mortgage Receivable [Member]
Company's mortgage commitments
Investor commitments to purchase	$ 118,945	$ 244,376

Information on Segments (Detail

Information on Segments (Details Textual)	9 Months Ended
	Jul. 31, 2022 joint_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			9 Months Ended
	Jul. 31, 2022	Jul. 31, 2021	Jan. 31, 2021	Jul. 31, 2022	Jul. 31, 2021	Oct. 31, 2021
Revenues
Revenues	$ 2,494,802	$ 2,255,481		$ 6,563,424	$ 5,748,981
Income (loss) before income taxes
Income before income taxes	365,951	303,395		862,582	600,626
Total assets
Total assets	11,743,253			11,743,253		$ 11,537,850
Inventory Write-down	6,248	13,150		10,673	15,997
Proceeds from sale of golf club property				28,309	80,418
Gain on disposition of assets				(326)	38,706
Corporate and other [Member]
Revenues
Revenues	1,067	1,616		(2,392)	573
Income (loss) before income taxes
Income before income taxes	(52,354)	(39,117)		(150,714)	(157,505)
Total assets
Total assets	1,510,156			1,510,156		2,876,730
Traditional Homebuilding [Member]
Revenues
Revenues	2,252,413	2,048,650		6,071,979	5,230,879
Income (loss) before income taxes
Income before income taxes	422,869	276,600		1,005,407	647,047
Total assets
Total assets	9,957,784			9,957,784		8,328,148
Inventory Write-down	3,848	13,150		7,073	14,897
City Living [Member]
Revenues
Revenues	2,857	184,099		60,631	249,877
Income (loss) before income taxes
Income before income taxes	(4,564)	65,912		7,889	111,084
Total assets
Total assets	275,313			275,313		332,972
Inventory Write-down	2,400	0		3,600	1,100
North [Member] | Traditional Homebuilding [Member]
Revenues
Revenues	478,652	402,885		1,174,919	1,106,189
Income (loss) before income taxes
Income before income taxes	80,543	39,700		162,812	97,802
Total assets
Total assets	1,415,913			1,415,913		1,357,168
Inventory Write-down	387	2,492		1,156	2,557
Mid-Atlantic [Member] | Traditional Homebuilding [Member]
Revenues
Revenues	253,973	276,853		765,100	659,128
Income (loss) before income taxes
Income before income taxes	40,129	25,347		117,361	68,127
Total assets
Total assets	1,072,498			1,072,498		976,887
Inventory Write-down	1,200	10,488		2,346	10,578
South [Member] | Traditional Homebuilding [Member]
Revenues
Revenues	352,674	291,725		922,544	788,785
Income (loss) before income taxes
Income before income taxes	56,334	41,439		121,845	101,190
Total assets
Total assets	2,116,511			2,116,511		1,421,612
Inventory Write-down	405	28		1,014	472
Mountain [Member] | Traditional Homebuilding [Member]
Revenues
Revenues	660,517	553,192		1,776,375	1,363,019
Income (loss) before income taxes
Income before income taxes	120,606	85,085		296,579	173,178
Total assets
Total assets	2,888,093			2,888,093		2,397,484
Inventory Write-down	1,421	68		1,865	88
Pacific [Member] | Traditional Homebuilding [Member]
Revenues
Revenues	506,597	523,995		1,433,041	1,313,758
Income (loss) before income taxes
Income before income taxes	125,257	85,029		306,810	206,750
Total assets
Total assets	2,464,769			2,464,769		$ 2,174,997
Inventory Write-down	435	74		692	1,202
Home Building [Member]
Revenues
Revenues	2,256,337	2,234,365		6,130,218	5,481,329
Land [Member]
Revenues
Revenues	$ 238,465	$ 21,116		$ 433,206	$ 267,652
Land [Member] | City Living [Member]
Total assets
Proceeds from sale of golf club property			$ 82,400
Gain on disposition of assets			$ 38,300

Supplemental Disclosure to Co_3

Supplemental Disclosure to Condensed Consolidated Statements of Cash Flows (Details) - USD ($) $ in Thousands	9 Months Ended
	Jul. 31, 2022	Jul. 31, 2021	Oct. 31, 2021	Oct. 31, 2020
Cash flow information:
Income tax paid – net	$ 235,565	$ 145,865
Noncash activity:
Cost of inventory acquired through seller financing, municipal bonds, or included in accrued expenses - net	213,500	150,589
Reclassification of Inventory to Property, Construction and Office Equipment, Net	0	32,021
Transfer of inventory to investment in unconsolidated entities	556	49,979
Transfer of other assets to investment in unconsolidated entities, net	100,264	38,877
Transfer of other assets to property, construction and office equipment - net	8,571	0
Unrealized gain on derivatives	18,798	3,699
Cash, cash equivalents, and restricted cash
Cash and cash equivalents	316,471	946,097	$ 1,638,494
Restricted cash included in receivables, prepaid expenses, and other assets	80,086	72,325
Total cash, cash equivalents, and restricted cash shown on the Condensed Consolidated Statements of Cash Flows	$ 396,557	$ 1,018,422	$ 1,684,412	$ 1,396,604