Toll Brothers (TOL) 10-Q1 Jun 232023 Q2 Quarterly reportFinancial data

Company Profile

Document and Entity Information

Document and Entity Information Document - shares	6 Months Ended
Document and Entity Information Document - shares	Apr. 30, 2023	May 30, 2023
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Apr. 30, 2023
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		109,342,000
Entity Central Index Key	0000794170
Current Fiscal Year End Date	--10-31
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q2
Amendment Flag	false

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Apr. 30, 2023	Oct. 31, 2022
ASSETS
Cash and cash equivalents	$ 761,945	$ 1,346,754
Inventory	9,107,878	8,733,326
Property, construction and office equipment, net	298,168	287,827
Receivables, prepaid expenses and other assets	697,612	747,228
Mortgage loans held for sale, at fair value	112,603	185,150
Customer deposits held in escrow	123,627	136,115
Investments in unconsolidated entities	887,643	852,314
Total assets	11,989,476	12,288,714
Liabilities:
Loans payable	1,136,235	1,185,275
Senior notes	1,595,727	1,995,271
Mortgage company loan facility	102,489	148,863
Customer deposits	662,559	680,588
Accounts payable	550,900	619,411
Accrued expenses	1,334,197	1,345,987
Income taxes payable	171,643	291,479
Total liabilities	5,553,750	6,266,874
Stockholders' equity:
Preferred stock, none issued	0	0
Common stock, 127,937 shares issued April 30, 2023 and October 31, 2022, respectively	1,279	1,279
Additional paid-in capital	697,583	716,786
Retained earnings	6,632,502	6,166,732
Treasury stock, at cost - 18,505 and 18,312 shares at April 30, 2023 and October 31, 2022, respectively	(945,019)	(916,327)
Total AOCI ending balance	33,875	37,618
Total stockholders' equity	6,420,220	6,006,088
Noncontrolling interest	15,506	15,752
Total equity	6,435,726	6,021,840
Total liabilities and stockholders' equity	11,989,476	12,288,714
Variable Interest Entity, Primary Beneficiary [Member]
ASSETS
Investments in unconsolidated entities	$ 84,300	$ 81,300

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - shares shares in Thousands	Apr. 30, 2023	Oct. 31, 2022
Statement of Financial Position [Abstract]
Preferred stock, shares issued	0	0
Common stock, shares issued	127,937	127,937
Treasury stock, at cost	18,505	18,312

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations and Comprehensive Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Apr. 30, 2023	Apr. 30, 2022	Apr. 30, 2023	Apr. 30, 2022
Revenues	$ 2,506,979	$ 2,277,541	$ 4,287,148	$ 4,068,622
Cost of revenues	1,853,728	1,752,246	3,197,086	3,141,390
Selling, general and administrative	227,537	243,637	439,034	470,507
Income from operations	425,714	281,658	651,028	456,725
Other:
(Loss) income from unconsolidated entities	(5,302)	2,933	(9,735)	24,970
Other income - net	10,180	11,224	43,095	14,936
Income before income taxes	430,592	295,815	684,388	496,631
Income tax provision	110,376	75,222	172,642	124,134
Net income	320,216	220,593	511,746	372,497
Other comprehensive income, net of tax:
Other comprehensive (loss) income - net of tax	(279)	13,608	(3,743)	18,310
Total comprehensive income	$ 319,937	$ 234,201	$ 508,003	$ 390,807
Per share:
Basic earnings	$ 2.88	$ 1.87	$ 4.60	$ 3.12
Diluted earnings	$ 2.85	$ 1.85	$ 4.56	$ 3.08
Weighted average number of shares:
Basic	111,214	117,839	111,306	119,418
Diluted	112,184	118,925	112,260	120,891
Home Building [Member]
Revenues	$ 2,490,098	$ 2,186,529	$ 4,239,520	$ 3,873,881
Cost of revenues	1,832,878	1,659,265	3,133,801	2,948,792
Land [Member]
Revenues	16,881	91,012	47,628	194,741
Cost of revenues	$ 20,850	$ 92,981	$ 63,285	$ 192,598

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]
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	372,497			372,497
Purchase of treasury stock	(292,279)				(292,279)
Exercise of stock options, stock based compensation issuances, and employee stock purchase plan issuances	(2,283)		(16,822)		14,539
Stock-based compensation	17,020		17,020
Dividends declared	(44,397)			(44,397)
Other Comprehensive Income (Loss), Net of Tax	18,310					18,310
Net income (loss) attributable to noncontrolling interest	86						86
Capital contributions (distributions) – net	(29,743)						(29,743)
Ending balance at Apr. 30, 2022	5,379,666	1,279	714,651	5,297,939	(669,396)	19,419	15,774
Beginning balance at Jan. 31, 2022	5,301,450	1,279	711,558	5,100,841	(563,618)	5,811	45,579
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	220,593			220,593
Purchase of treasury stock	(106,511)				(106,511)
Exercise of stock options, stock based compensation issuances, and employee stock purchase plan issuances	421		(312)		733
Stock-based compensation	3,405		3,405
Dividends declared	(23,495)			(23,495)
Other Comprehensive Income (Loss), Net of Tax	13,608					13,608
Net income (loss) attributable to noncontrolling interest	65						65
Capital contributions (distributions) – net	(29,870)						(29,870)
Ending balance at Apr. 30, 2022	5,379,666	1,279	714,651	5,297,939	(669,396)	19,419	15,774
Beginning balance at Oct. 31, 2022	6,021,840	1,279	716,786	6,166,732	(916,327)	37,618	15,752
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	511,746			511,746
Purchase of treasury stock	(93,203)				(93,203)
Exercise of stock options, stock based compensation issuances, and employee stock purchase plan issuances	28,283		(36,228)		64,511
Stock-based compensation	17,025		17,025
Dividends declared	(45,976)			(45,976)
Other Comprehensive Income (Loss), Net of Tax	(3,743)					(3,743)
Net income (loss) attributable to noncontrolling interest	(246)						(246)
Ending balance at Apr. 30, 2023	6,435,726	1,279	697,583	6,632,502	(945,019)	33,875	15,506
Beginning balance at Jan. 31, 2023	6,216,994	1,279	696,115	6,335,574	(865,775)	34,154	15,647
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	320,216			320,216
Purchase of treasury stock	(83,846)				(83,846)
Exercise of stock options, stock based compensation issuances, and employee stock purchase plan issuances	3,429		(1,173)		4,602
Stock-based compensation	2,641		2,641
Dividends declared	(23,288)			(23,288)
Other Comprehensive Income (Loss), Net of Tax	(279)					(279)
Net income (loss) attributable to noncontrolling interest	(141)						(141)
Ending balance at Apr. 30, 2023	$ 6,435,726	$ 1,279	$ 697,583	$ 6,632,502	$ (945,019)	$ 33,875	$ 15,506

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Apr. 30, 2023	Apr. 30, 2022
Cash flow provided by (used in) operating activities:
Net income	$ 511,746	$ 372,497
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities:
Depreciation and amortization	34,093	33,536
Stock-based compensation	17,025	17,020
Income (Loss) from unconsolidated entities	9,735	(24,970)
Distributions of earnings from unconsolidated entities	30,447	29,636
Deferred tax (benefit) provision	8,646	6,797
Impairment charges and write offs	36,773	11,225
Other	2,371	2,831
Changes in operating assets and liabilities
Inventory	(299,940)	(890,202)
Origination of mortgage loans	(705,500)	(931,958)
Sale of mortgage loans	783,959	1,027,696
Receivables, prepaid expenses and other assets	4,233	(239)
Current income taxes, net	(127,199)	(14,321)
Customer deposits, net	(5,541)	110,460
Accounts payable and accrued expenses	(155,277)	45,020
Net Cash Provided by (Used in) Operating Activities, Continuing Operations	145,571	(204,972)
Cash flow (used in) provided by investing activities:
Purchase of property, construction and office equipment - net	(39,544)	(39,140)
Investments in and advances to unconsolidated entities	(117,221)	(121,282)
Return of investments in unconsolidated entities	48,564	88,371
Proceeds from the sale of assets	9,041	0
Other	0	194
Net Cash (Used in) Provided By Investing Activities, Continuing Operations	(99,160)	(71,857)
Cash flow used in financing activities:
Proceeds from loans payable	1,652,710	1,826,068
Debt issuance costs for loans payable	(5,265)	0
Repayments of loans payable	(1,771,636)	(1,879,318)
Redemption of senior notes	(400,000)	(409,856)
(Payments) proceeds from stock-based benefit plans	28,286	(2,279)
Purchase of treasury stock	(93,089)	(284,276)
Dividends paid	(46,306)	(44,255)
Payments related to noncontrolling interests - net	0	(25,766)
Net Cash Used in Financing Activities, Continuing Operations	(635,300)	(819,682)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Excluding Exchange Rate Effect	(588,889)	(1,096,511)
Cash, Cash Equivalents, and Restricted Cash , beginning of period	1,398,550	1,684,412
Cash, Cash Equivalents, and Restricted Cash, end of period	$ 809,661	$ 587,901

Significant Accounting Policies

Significant Accounting Policies	6 Months Ended
Significant Accounting Policies	Apr. 30, 2023
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, 2022 balance sheet amounts and disclosures have been derived from our October 31, 2022 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, 2022 (“2022 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 April 30, 2023; the results of our operations and changes in equity for the three-month and six-month periods ended April 30, 2023 and 2022; and our cash flows for the six-month periods ended April 30, 2023 and 2022. 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. Estimates and assumptions may prove to be incorrect for a variety of reasons, whether as a result of the risks and uncertainties our business is subject to or for other reasons. In times of economic disruption when uncertainty regarding future economic conditions is heightened, our estimates and assumptions are subject to greater variability. 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 April 30, 2023, 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 $662.6 million and $680.6 million at April 30, 2023 and October 31, 2022, respectively. Of the outstanding customer deposits held as of October 31, 2022, we recognized $152.2 million and $275.1 million in home sales revenues during the three months and six months ended April 30, 2023. Of the outstanding customer deposits held as of October 31, 2021, we recognized $132.9 million and $243.8 million in home sales revenues during the three and six months ended April 30, 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) lot sales to third-party builders within our master-planned communities; (3) bulk sales to third parties of land we have decided no longer meets our development criteria; and (4) sales of commercial and retail properties generally located at our high-rise urban luxury condominium 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 Financial Accounting Standards Board (“FASB”) issued ASU 2020-04, “Reference Rate Reform (Topic 848),” as amended by ASU 2021-01 in January 2021 and ASU 2022-06 in December 2022 (“ASC 848”), directly addressing the effects of reference rate reform on financial reporting as a result of the cessation of the publication of certain London Interbank Offered Rate (“LIBOR”) rates beginning December 31, 2021. 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, 2024, with early adoption permitted. We elected to apply the hedge accounting expedients related to probability and the assessments of effectiveness for future LIBOR-indexed cash flows to assume that the index upon which future hedged transactions will be based matches the index on the corresponding derivatives. Application of these expedients preserves the presentation of derivatives consistent with past presentation. We continue to evaluate the impact of the guidance on our consolidated financial statements and may apply other elections as applicable as additional changes in the market occur. Reclassification

Inventory

Inventory	6 Months Ended
Inventory	Apr. 30, 2023
Inventory Disclosure [Abstract]
Inventory	Inventory Inventory at April 30, 2023 and October 31, 2022 consisted of the following (amounts in thousands): April 30, October 31, Land controlled for future communities $ 170,613 $ 240,751 Land owned for future communities 876,561 808,851 Operating communities 8,060,704 7,683,724 $ 9,107,878 $ 8,733,326 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, which are included in home sales cost of revenues, are shown in the table below (amounts in thousands): Three months ended April 30, Six months ended April 30, 2023 2022 2023 2022 Land controlled for future communities $ 5,844 $ 2,192 $ 8,448 $ 2,985 Land owned for future communities 325 — 325 1,440 Operating communities 4,900 — 10,300 — $ 11,069 $ 2,192 $ 19,073 $ 4,425 We have also recognized $4.7 million and $17.7 million of impairment charges on land held for sale included in land sales and other cost of revenues during the three-month and six-month periods ended April 30, 2023, respectively. We recognized $5.2 million of similar charges during the three-month and six-month periods ended April 30, 2022. See Note 13, “Commitments and Contingencies,” for information regarding land purchase commitments. At April 30, 2023, 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 April 30, 2023, we determined that 236 land purchase contracts, with an aggregate purchase price of $3.75 billion, on which we had made aggregate deposits totaling $414.6 million, were VIEs, and that we were not the primary beneficiary of any VIE related to our land purchase contracts. At October 31, 2022, we determined that 237 land purchase contracts, with an aggregate purchase price of $3.89 billion, on which we had made aggregate deposits totaling $417.6 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 April 30, Six months ended April 30, 2023 2022 2023 2022 Interest capitalized, beginning of period $ 215,197 $ 247,942 $ 209,468 $ 253,938 Interest incurred 37,862 31,888 74,716 62,893 Interest expensed to home sales cost of revenues (37,558) (40,822) (62,638) (73,259) Interest expensed to land sales and other cost of revenues (1,350) (219) (4,827) (3,628) Interest capitalized on investments in unconsolidated entities (2,668) (1,516) (5,161) (2,806) Previously capitalized interest transferred to investments in unconsolidated entities — — (244) — Previously capitalized interest on investments in unconsolidated entities transferred to inventory 277 60 446 195 Interest capitalized, end of period $ 211,760 $ 237,333 $ 211,760 $ 237,333

Investments in Unconsolidated E

Investments in Unconsolidated Entities	6 Months Ended
Investments in Unconsolidated Entities	Apr. 30, 2023
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 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 April 30, 2023, 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 16 3 43 4 66 Investment in unconsolidated entities (1) $ 341,358 $ 66,271 $ 468,336 $ 11,678 $ 887,643 Number of unconsolidated entities with funding commitments by the Company 9 — 22 1 32 Company’s remaining funding commitment to unconsolidated entities (2) $ 215,524 $ — $ 107,524 $ 11,570 $ 334,618 (1) Our total investment includes $104.8 million related to 13 unconsolidated joint venture-related variable interests in VIEs and our maximum exposure to losses related to these VIEs is approximately $201.2 million as of April 30, 2023. Our ownership interest in such unconsolidated Joint Venture VIEs ranges from 20% to 50% . (2) Our remaining funding commitment includes approximately $106.2 million related to our unconsolidated joint venture-related variable interests in VIEs. The table below provides information as of October 31, 2022, regarding active joint ventures that we are invested in, by joint venture category ($ amounts in thousands): Land Home Building Rental Property Gibraltar Total Number of unconsolidated entities 15 3 41 4 63 Investment in unconsolidated entities (1) $ 343,314 $ 49,385 $ 441,399 $ 18,216 $ 852,314 Number of unconsolidated entities with funding commitments by the Company 9 1 18 1 29 Company’s remaining funding commitment to unconsolidated entities (2) $ 180,812 $ 20,072 $ 90,900 $ 12,533 $ 304,317 (1) Our total investment includes $100.2 million related to 13 unconsolidated joint venture-related variable interests in VIEs and our maximum exposure to losses related to these VIEs is approximately $200.0 million as of October 31, 2022. Our ownership interest in such unconsolidated Joint Venture VIEs ranges from 20% to 50% . (2) Our remaining funding commitment includes approximately $105.0 million related to our unconsolidated joint venture-related variable interests in VIEs. Certain joint ventures in which we have investments obtained debt financing to finance a portion of their activities. The table below provides information at April 30, 2023, regarding the debt financing obtained by category ($ amounts in thousands): Land Home Building Rental Property Total Number of joint ventures with debt financing 11 2 40 53 Aggregate loan commitments $ 576,959 $ 219,650 $ 3,638,795 $ 4,435,404 Amounts borrowed under loan commitments $ 449,637 $ 78,114 $ 2,036,446 $ 2,564,197 The table below provides information at October 31, 2022, regarding the debt financing obtained by category ($ amounts in thousands): Land Home Building Rental Property Total Number of joint ventures with debt financing 10 2 35 47 Aggregate loan commitments $ 557,185 $ 219,650 $ 3,317,261 $ 4,094,096 Amounts borrowed under loan commitments $ 444,306 $ 17,583 $ 1,774,567 $ 2,236,456 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 six-months ended April 30, 2023 ($ amounts in thousands): Land Development Joint Ventures Rental Property Joint Ventures Number of unconsolidated joint ventures entered into during the period 1 2 Investment balance at April 30, 2023 $ 11,755 $ 4,795 The table below provides information on joint ventures entered into during the six-months ended April 30, 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 2 7 1 Investment balance at April 30, 2022 $ 13,816 $ 69,513 $ 2,093 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. None of our joint ventures sold assets in the three or six-month periods ended April 30, 2023 or the three-month period ended April 30, 2022. In the six-month period ended April 30, 2022, one of our joint ventures sold its assets and we recognized $21.0 million in “Income from unconsolidated entities” on our Condensed Consolidated Statements of Operations and Comprehensive Income. There were no other-than-temporary impairment charges recognized in the three-month or six-month periods ended April 30, 2023 and 2022. In the three-month periods ended April 30, 2023 and 2022, we purchased land from unconsolidated entities, principally related to our acquisition of lots from our Land Development Joint Ventures, totaling $52.4 million and $14.1 million, respectively. In the six-month periods ended April 30, 2023 and 2022, we purchased land from unconsolidated entities, principally related to our acquisition of lots from our Land Development Joint Ventures, totaling $69.1 million and $37.9 million, respectively. Our share of income from the lots we acquired was insignificant in each period. In the three-month periods ended April 30, 2023 and 2022, we sold land to unconsolidated entities, which principally involved land sales to our Rental Property Joint Ventures, totaling $8.2 million and $73.9 million, respectively. In the six-month periods ended April 30, 2023 and 2022, we sold land to unconsolidated entities, which principally involved land sales to our Rental Property Joint Ventures, totaling $8.2 million and $151.9 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 or its partners. 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 April 30, 2023, 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): April 30, 2023 October 31, 2022 Loan commitments in the aggregate $ 3,181,400 $ 2,858,800 Our maximum estimated exposure under repayment and carry cost guarantees if the full amount of the debt obligations were borrowed (1) $ 654,400 $ 597,800 Debt obligations borrowed in the aggregate $ 1,436,200 $ 1,110,900 Our maximum estimated exposure under repayment and carry cost guarantees of the debt obligations borrowed $ 487,600 $ 390,500 Estimated fair value of guarantees provided by us related to debt and other obligations $ 19,000 $ 16,900 Terms of guarantees 1 month - 3.9 years 1 month - 3.7 years (1) At April 30, 2023 and October 31, 2022, our maximum estimated exposure under repayment and carry cost guarantees includes approximately $95.0 million related to our unconsolidated Joint Venture VIEs. The maximum exposure estimates presented above do not take into account any recoveries from the underlying collateral or any reimbursement from our partners. In addition, they do not include any potential exposures related to project completion guarantees or the indemnities noted above, which are not estimable. We have not made payments under any of the outstanding guarantees, nor have we been called upon to do so. Variable Interest Entities We have both unconsolidated and consolidated joint venture-related variable interests in VIEs. Information regarding our involvement in unconsolidated joint-venture related variable interests in VIEs has been disclosed throughout information presented above. The table below provides information as of April 30, 2023 and October 31, 2022, regarding our consolidated joint venture-related variable interests in VIEs ($ amounts in thousands): Balance Sheet Classification April 30, October 31, Number of Joint Venture VIEs that the Company is the primary beneficiary and consolidates 6 5 Carrying value of consolidated VIEs assets Inventory and investments in unconsolidated entities $ 84,300 $ 81,300 Our partners’ interests in consolidated VIEs Noncontrolling interest $ 9,600 $ 9,700 Our ownership interest in the above consolidated Joint Venture VIEs ranges from 80% 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 partners. 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 partners. 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: April 30, October 31, Cash and cash equivalents $ 135,511 $ 254,884 Inventory 1,342,879 1,256,215 Loans receivable – net 44,807 48,217 Rental properties 1,887,721 1,702,690 Rental properties under development 1,596,007 1,413,607 Other assets 364,735 305,250 Total assets $ 5,371,660 $ 4,980,863 Debt – net of deferred financing costs $ 2,555,116 $ 2,248,754 Other liabilities 392,710 399,818 Partners’ equity 2,423,834 2,332,291 Total liabilities and equity $ 5,371,660 $ 4,980,863 Company’s net investment in unconsolidated entities (1) $ 887,643 $ 852,314 (1) Our underlying equity in the net assets of the unconsolidated entities was less than our net investment in unconsolidated entities by $4.4 million and $18.5 million as of April 30, 2023 and October 31, 2022, respectively, and these differences are primarily a result of unrealized gains on our retained joint venture interests; distributions from entities in excess of the carrying amount of our net investment; interest capitalized on our investments; other than temporary impairments we have recognized; gains recognized from the sale of our ownership interests; and the estimated fair value of the guarantees provided to the joint ventures. Condensed Combined Statements of Operations: Three months ended April 30, Six months ended April 30, 2023 2022 2023 2022 Revenues $ 125,397 $ 130,771 $ 237,116 $ 286,523 Cost of revenues 78,613 86,219 137,966 194,701 Other expenses 56,655 39,172 119,729 82,776 Total expenses 135,268 125,391 257,695 277,477 Loss on disposition of loans and real estate owned — — — (113) (Loss) income from operations (9,871) 5,380 (20,579) 8,933 Other (loss) income (2) (2,276) 7,064 (3,632) 40,410 (Loss) income before income taxes (12,147) 12,444 (24,211) 49,343 Income tax (benefit) expense (148) 74 (166) 156 Net (loss) income (11,999) 12,370 (24,045) 49,187 Company’s (loss) income from unconsolidated entities (3) $ (5,302) $ 2,933 $ (9,735) $ 24,970 (2) The six months ended April 30, 2022 includes $29.9 million, related to the sale of assets by our Rental Property Joint Ventures. (3) Differences between our (loss) income from unconsolidated entities and the underlying net (loss) income 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	6 Months Ended
Receivables, Prepaid Expenses, and Other Assets	Apr. 30, 2023
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 April 30, 2023 and October 31, 2022, consisted of the following (amounts in thousands): April 30, 2023 October 31, 2022 Expected recoveries from insurance carriers and others $ 35,873 $ 41,527 Improvement cost receivable 57,190 60,812 Escrow cash held by our wholly owned captive title company 47,716 51,796 Properties held for rental apartment and commercial development 261,980 224,593 Prepaid expenses 28,312 44,307 Right-of-use asset 118,803 116,660 Derivative assets 37,493 71,929 Other 110,245 135,604 $ 697,612 $ 747,228

Loans Payable, Senior Notes and

Loans Payable, Senior Notes and Mortgage Company Loan Facility	6 Months Ended
	Apr. 30, 2023
Debt Disclosure [Abstract]
Loans Payable, Senior Notes, and Mortgage Company Loan Facility	Loans Payable, Senior Notes, and Mortgage Company Loan Facility Loans Payable At April 30, 2023 and October 31, 2022, loans payable consisted of the following (amounts in thousands): April 30, October 31, Senior unsecured term loan $ 650,000 $ 650,000 Loans payable – other 489,869 537,043 Deferred issuance costs (3,634) (1,768) $ 1,136,235 $ 1,185,275 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 February 14, 2023, we entered into an amendment to the Term Loan Facility to extend the maturity date of $487.5 million of outstanding term loans to February 14, 2028, with $60.9 million due on November 1, 2026 and the remaining $101.6 million due on November 1, 2025. In addition, this amendment replaced the LIBOR-based interest rate provisions applicable to borrowings under the Term Loan Facility with Secured Overnight Financing Rate (“SOFR”)-based interest rate provisions. At April 30, 2023, other than $101.6 million of term loans scheduled to mature on November 1, 2025 and the $60.9 million scheduled to mature on November 1, 2026, there were no payments required before the final maturity date on the Term Loan Facility. At April 30, 2023, the interest rate on the Term Loan Facility was 5.95% 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 New 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. 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 through October 2025. The spread at April 30, 2023 was 1.15%. These interest rate swaps were designated as cash flow hedges. Revolving Credit Facility On February 14, 2023, we entered into a new five-year $1.905 billion senior unsecured revolving credit facility (the “New Revolving Credit Facility”) with a syndicate of banks that is scheduled to mature on February 14, 2028. The New Revolving Credit Facility replaced our existing $1.905 billion revolving credit facility, which was terminated in connection with the execution of the new agreement. The New Revolving Credit Facility provides us with a committed borrowing capacity of $1.905 billion, which we have the ability to increase up to $3.00 billion with the consent of lenders. The terms of the New Revolving Credit Facility are substantially the same as the prior revolving credit facility, except that the LIBOR-based interest rate provisions have been replaced with SOFR-based provisions. Toll Brothers, Inc. and substantially all of its home building subsidiaries are guarantors of the borrower’s obligations under the New Revolving Credit Facility. Under the terms of the New Revolving Credit Facility, at April 30, 2023, our maximum leverage ratio, as defined, was not permitted to exceed 1.75 to 1.00, and we were required to maintain a minimum tangible net worth, as defined, of no less than approximately $4.04 billion. Under the terms of the New Revolving Credit Facility, at April 30, 2023, our leverage ratio was approximately 0.32 to 1.00, and our tangible net worth was approximately $6.37 billion. Based upon the terms of the New Revolving Credit Facility, our ability to repurchase our common stock was limited to approximately $3.63 billion as of April 30, 2023. In addition, under the provisions of the New Revolving Credit Facility, our ability to pay cash dividends was limited to approximately $2.33 billion as of April 30, 2023. At April 30, 2023, we had no outstanding borrowings under the New Revolving Credit Facility and had approximately $116.0 million of outstanding letters of credit that were issued under the New Revolving Credit Facility. At April 30, 2023, the interest rate on outstanding borrowings under the New Revolving Credit Facility would have been 6.10% per annum. 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 April 30, 2023, the weighted-average interest rate on “Loans payable – other” was 4.22% per annum. Senior Notes At April 30, 2023, we had four issues of senior notes outstanding with an aggregate principal amount of $1.60 billion. In our second quarter of fiscal 2023, we redeemed all $400.0 million principal amount of 4.375% Senior Notes due April 15, 2023, at par, plus accrued interest. 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 Toll Brothers Mortgage Company (“TBMC”), our wholly owned mortgage subsidiary, has a mortgage warehousing agreement (the “Warehousing Agreement”) with a bank, which has been amended from time to time, to finance the origination of mortgage loans by TBMC. The Warehousing Agreement is accounted for as a secured borrowing under ASC 860, “Transfers and Servicing.” The Warehousing Agreement provides for loan purchases up to $75.0 million, subject to certain sublimits. In addition, the Warehousing Agreement provides for an accordion feature under which TBMC may request that the aggregate commitments under the Warehousing Agreement be increased to an amount up to $150.0 million for a short period of time. The Warehousing Agreement was set to expire, as amended, on March 31, 2023, and borrowings thereunder bore interest at the Bloomberg Short-Term Bank Yield Index Rate (“BSBY”) plus 1.75% per annum (with a BSBY floor of 0.50%). In March 2023, the Warehousing Agreement was amended to extend the expiration date to March 30, 2024 and borrowings thereunder bear interest at BSBY plus 1.75% per annum (with a BSBY floor of 0.50%). At April 30, 2023, the interest rate on the Warehousing Agreement was 6.80% per annum.

Accrued Expenses

Accrued Expenses	6 Months Ended
Accrued Expenses	Apr. 30, 2023
Payables and Accruals [Abstract]
Accrued Expenses	Accrued Expenses Accrued expenses at April 30, 2023 and October 31, 2022 consisted of the following (amounts in thousands): April 30, October 31, Land, land development, and construction $ 418,048 $ 334,975 Compensation and employee benefits 170,448 223,609 Escrow liability associated with our wholly owned captive title company 40,459 44,115 Self-insurance 245,687 251,576 Warranty 149,395 164,409 Lease liabilities 142,901 139,664 Deferred income 47,846 50,973 Interest 32,212 31,988 Commitments to unconsolidated entities 31,744 26,905 Other 55,457 77,773 $ 1,334,197 $ 1,345,987 The table below provides, for the periods indicated, a reconciliation of the changes in our warranty accrual (amounts in thousands): Three months ended April 30, Six months ended April 30, 2023 2022 2023 2022 Balance, beginning of period $ 156,895 $ 143,043 $ 164,409 $ 145,062 Additions – homes closed during the period 10,084 13,745 17,270 23,200 Change in accruals for homes closed in prior years – net (73) 715 2,023 3,672 Charges incurred (17,511) (13,512) (34,307) (27,943) Balance, end of period $ 149,395 $ 143,991 $ 149,395 $ 143,991 Since fiscal 2014, we have received water intrusion claims from owners of homes built since 2002 in communities located in Pennsylvania and Delaware. Our recorded estimated repair costs to resolve these claims were approximately $44.2 million at April 30, 2023 and $46.9 million at October 31, 2022, and are included in the Warranty accrued expense above. 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. 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	6 Months Ended
Income Taxes	Apr. 30, 2023
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes We recorded income tax provisions of $110.4 million and $75.2 million for the three months ended April 30, 2023 and 2022, respectively. The effective tax rate was 25.6% for the three months ended April 30, 2023, compared to 25.4% for the three months ended April 30, 2022. We recorded income tax provisions of $172.6 million and $124.1 million for the six months ended April 30, 2023 and 2022, respectively. The effective tax rate was 25.2% for the six months ended April 30, 2023, compared to 25.0% for the six months ended April 30, 2022. 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 2023 will be approximately 5.7%. Our state income tax rate for the full fiscal year 2022 was 5.6%. At April 30, 2023, we had $5.8 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	6 Months Ended
Stock-Based Benefit Plans	Apr. 30, 2023
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 April 30, Six months ended April 30, 2023 2022 2023 2022 Total stock-based compensation expense recognized $ 2,641 $ 3,405 $ 17,025 $ 17,020 Income tax benefit recognized $ 666 $ 855 $ 4,304 $ 4,268 At April 30, 2023 and October 31, 2022, the aggregate unamortized value of unvested stock-based compensation awards was approximately $21.8 million and $15.5 million, respectively.

Stockholders' Equity

Stockholders' Equity	6 Months Ended
Stockholders' Equity	Apr. 30, 2023
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 for general corporate purposes, including to obtain shares for the Company’s equity awards 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 April 30, Six months ended April 30, 2023 2022 2023 2022 Number of shares purchased (in thousands) 1,443 2,205 1,630 5,219 Average price per share $ 58.14 $ 48.30 $ 57.20 $ 56.01 Remaining authorization at April 30 (in thousands) 12,947 7,344 12,947 7,344 Cash Dividends On March 9, 2023, our Board of Directors approved an increase in our quarterly cash dividend from $0.20 per share to $0.21 per share, which was previously increased from $0.17 to $0.20 in March 2022. During the three month periods ended April 30, 2023 and 2022, we declared and paid cash dividends of $0.21 and $0.20 per share, respectively, to our shareholders. During the six months ended April 30, 2023 and 2022, we declared and paid cash dividends of $0.41 and $0.37 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 April 30, Six months ended April 30, 2023 2022 2023 2022 Employee Retirement Plans Beginning balance $ 2,492 $ (5,685) $ 2,475 $ (6,024) Losses reclassified from AOCI to net income (1) 24 451 47 903 Less: Tax benefit (2) (6) (113) (12) (226) Net losses reclassified from AOCI to net income 18 338 35 677 Other comprehensive loss – net of tax 18 338 35 677 Ending balance $ 2,510 $ (5,347) $ 2,510 $ (5,347) Derivative Instruments Beginning balance $ 31,662 $ 11,496 $ 35,143 $ 7,133 Gains (losses) on derivative instruments 588 17,616 (3,709) 23,363 Less: Tax (expense) benefit (138) (4,425) 948 (5,866) Net gains (losses) on derivative instruments 450 13,191 (2,761) 17,497 (Gains) losses reclassified from AOCI to net income (3) (1,000) 106 (1,362) 182 Less: Tax expense (benefit) (2) 253 (27) 345 (46) Net (gains) losses reclassified from AOCI to net income (747) 79 (1,017) 136 Other comprehensive (income) loss – net of tax (297) 13,270 (3,778) 17,633 Ending balance $ 31,365 $ 24,766 $ 31,365 $ 24,766 Total AOCI ending balance $ 33,875 $ 19,419 $ 33,875 $ 19,419 (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	6 Months Ended
Earnings Per Share Information	Apr. 30, 2023
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 April 30, Six months ended April 30, 2023 2022 2023 2022 Numerator: Net income as reported $ 320,216 $ 220,593 $ 511,746 $ 372,497 Denominator: Basic weighted-average shares 111,214 117,839 111,306 119,418 Common stock equivalents (1) 970 1,086 954 1,473 Diluted weighted-average shares 112,184 118,925 112,260 120,891 Other information: Weighted-average number of antidilutive options and restricted stock units (2) 168 214 334 209 Shares issued under stock incentive and employee stock purchase plans 103 17 1,437 424 (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	6 Months Ended
Fair Value Disclosures	Apr. 30, 2023
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 April 30, October 31, 2022 Residential Mortgage Loans Held for Sale Level 2 $ 112,603 $ 185,150 Forward Loan Commitments — Residential Mortgage Loans Held for Sale Level 2 $ 1,396 $ 9,184 Interest Rate Lock Commitments (“IRLCs”) Level 2 $ (2,884) $ (17,734) Forward Loan Commitments — IRLCs Level 2 $ 2,884 $ 17,734 Interest Rate Swap Contracts Level 2 $ 33,214 $ 45,010 At April 30, 2023 and October 31, 2022, the carrying value of cash and cash equivalents, escrow cash held by our wholly owned captive title company, 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 April 30, 2023, 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 April 30, 2023 $ 115,286 $ 112,603 $ (2,683) At October 31, 2022 $ 193,746 $ 185,150 $ (8,596) Inventory We recognize inventory impairment charges and land 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. In determining the fair value related to land impairments, we consider recent offers received, prices for land in recent comparable sales transactions, and other factors. We record land impairments related to land parcels we plan to sell to third parties within land sales and other cost of revenues. See Note 1, “Significant Accounting Policies – Inventory,” in our 2022 Form 10-K for additional information regarding our methodology for determining fair value. Impairments on operating communities were insignificant during the three-month and six-month periods ended April 30, 2023 and 2022 and, accordingly, we did not disclose the ranges of certain quantitative unobservable inputs utilized in determining the fair value of such impaired operating communities. Debt The table below provides, as of the dates indicated, the book value, excluding any bond discounts, premiums, and deferred issuance costs, and estimated fair value of our debt (amounts in thousands): April 30, 2023 October 31, 2022 Fair value Book value Estimated Book value Estimated Loans payable (1) Level 2 $ 1,139,869 $ 1,123,766 $ 1,187,043 $ 1,180,893 Senior notes (2) Level 1 1,600,000 1,536,985 2,000,000 1,822,255 Mortgage company loan facility (3) Level 2 102,489 102,489 148,863 148,863 $ 2,842,358 $ 2,763,240 $ 3,335,906 $ 3,152,011 (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	6 Months Ended
Other Income - Net	Apr. 30, 2023
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 April 30, Six months ended April 30, 2023 2022 2023 2022 Income (loss) from ancillary businesses $ 2,858 $ 12,334 $ (91) $ 14,294 Management fee income earned by home building operations 659 1,037 2,062 2,375 Gain on litigation settlements – net — — 27,683 — Other 6,663 (2,147) 13,441 (1,733) Total other income – net $ 10,180 $ 11,224 $ 43,095 $ 14,936 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 April 30, Six months ended April 30, 2023 2022 2023 2022 Revenues $ 33,275 $ 31,890 $ 61,181 $ 59,586 Expenses $ 30,417 $ 19,556 $ 61,272 $ 45,292 In the three-month and six-month periods ended April 30, 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 addition, in the three months ended April 30, 2023 and 2022, our apartment living operations earned fees from unconsolidated entities of $6.4 million and $4.8 million, respectively. In the six-month periods ended April 30, 2023 and 2022, our apartment living operations earned fees from unconsolidated entities of $12.6 million and $9.6 million, respectively. Fees earned by our apartment living operations are included in income from ancillary businesses.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
Commitments and Contingencies	Apr. 30, 2023
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. 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): April 30, 2023 October 31, 2022 Aggregate purchase price: Unrelated parties $ 4,031,720 $ 4,279,660 Unconsolidated entities that the Company has investments in 33,503 42,057 Total $ 4,065,223 $ 4,321,717 Deposits against aggregate purchase price $ 450,800 $ 463,452 Additional cash required to acquire land 3,614,423 3,858,265 Total $ 4,065,223 $ 4,321,717 Amount of additional cash required to acquire land included in accrued expenses $ 119,141 $ 34,994 In addition, we expect to purchase approximately 8,400 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 April 30, 2023, we also had purchase contracts to acquire land for apartment developments of approximately $330.8 million, of which we had outstanding deposits in the amount of $13.2 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 April 30, 2023, 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 3, “Investments in Unconsolidated Entities,” for more information regarding our commitments to these entities. Surety Bonds and Letters of Credit At April 30, 2023, we had outstanding surety bonds amounting to $836.6 million, primarily related to our obligations to governmental entities to construct improvements in our communities. We estimate that approximately $344.2 million of work remains on these improvements. We have an additional $303.9 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 April 30, 2023, we had outstanding letters of credit of $116.0 million under our New 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 April 30, 2023, we had provided financial guarantees of $25.7 million related to fronted letters of credit to secure obligations related to certain of our insurance policy deductibles and other claims. Backlog At April 30, 2023, we had agreements of sale outstanding to deliver 7,574 homes with an aggregate sales value of $8.38 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): April 30, October 31, 2022 Aggregate mortgage loan commitments: IRLCs $ 452,156 $ 669,631 Non-IRLCs 2,030,535 2,429,063 Total $ 2,482,691 $ 3,098,694 Investor commitments to purchase: IRLCs $ 452,156 $ 669,631 Mortgage loans held for sale 106,006 186,666 Total $ 558,162 $ 856,297

Information on Segments

Information on Segments	6 Months Ended
Information on Segments	Apr. 30, 2023
Segment Reporting [Abstract]
Information on Segments	Information on Segments We operate in the following five geographic segments, with current operations generally located in the states listed below: Eastern Region: • 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; Western Region: • The Mountain region: Arizona, Colorado, Idaho, Nevada and Utah; • The Pacific region: California, Oregon and Washington. Our geographic reporting segments are consistent with how our chief operating decision makers are assessing operating performance and allocating capital. At October 31, 2022, we concluded that our City Living operations were no longer a reportable operating segment, primarily due to their insignificance as a result of the change in structure and shift in strategy. Amounts reported in prior periods have been restated to conform to the fiscal 2023 presentation. The realignment did not have any impact on our consolidated financial position, results of operations, earnings per share or cash flows for the periods presented. 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 April 30, Six months ended April 30, 2023 2022 2023 2022 (restated) (restated) Revenues: North $ 381,316 $ 398,907 $ 704,110 $ 754,041 Mid-Atlantic 309,587 268,250 498,704 511,127 South 519,351 326,351 912,232 569,870 Mountain 674,234 653,558 1,154,446 1,115,858 Pacific 605,870 541,495 970,638 926,444 Total home building 2,490,358 2,188,561 4,240,130 3,877,340 Corporate and other (260) (2,032) (610) (3,459) 2,490,098 2,186,529 4,239,520 3,873,881 Land sales and other revenues 16,881 91,012 47,628 194,741 Total consolidated $ 2,506,979 $ 2,277,541 $ 4,287,148 $ 4,068,622 Income (loss) before income taxes: North $ 50,922 $ 50,717 $ 87,556 $ 96,384 Mid-Atlantic 64,428 43,837 87,351 77,285 South 88,721 42,974 141,167 65,551 Mountain 133,942 104,962 221,246 175,973 Pacific 157,524 116,743 236,501 179,798 Total home building 495,537 359,233 773,821 594,991 Corporate and other (64,945) (63,418) (89,433) (98,360) Total consolidated $ 430,592 $ 295,815 $ 684,388 $ 496,631 “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 our high-rise urban luxury condominium 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): April 30, October 31, North $ 1,394,986 $ 1,464,995 Mid-Atlantic 1,143,351 1,049,043 South 2,371,522 2,137,568 Mountain 2,781,482 2,785,603 Pacific 2,240,371 2,174,065 Total home building 9,931,712 9,611,274 Corporate and other 2,057,764 2,677,440 Total consolidated $ 11,989,476 $ 12,288,714 “Corporate and other” is comprised principally of cash and cash equivalents, restricted cash, 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 believe not to be recoverable, for the periods indicated, which are included in home sales cost of revenues, were as follows (amounts in thousands): Three months ended April 30, Six months ended April 30, 2023 2022 2023 2022 (restated) (restated) North $ 290 $ 443 $ 431 $ 769 Mid-Atlantic 5,080 706 6,320 1,145 South 30 466 481 609 Mountain 5,487 342 5,618 444 Pacific 182 235 6,223 1,458 Total consolidated $ 11,069 $ 2,192 $ 19,073 $ 4,425

Supplemental Disclosure to Cond

Supplemental Disclosure to Condensed Consolidated Statements of Cash Flows	6 Months Ended
	Apr. 30, 2023
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): Six months ended April 30, 2023 2022 Cash flow information: Income tax paid – net $ 291,196 $ 131,658 Noncash activity: Cost of inventory acquired through seller financing, municipal bonds, or included in accrued expenses - net $ 110,759 $ 180,576 Accrued treasury share purchases $ — $ 8,003 Transfer of other assets to investment in unconsolidated entities - net $ 2,765 $ 55,202 Transfer of other assets to property, construction and office equipment - net $ 12,268 $ — Unrealized (loss) gain on derivatives $ (11,796) $ 23,731 At April 30, 2023 2022 Cash, cash equivalents, and restricted cash Cash and cash equivalents $ 761,945 $ 535,038 Restricted cash included in receivables, prepaid expenses, and other assets 47,716 52,863 Total cash, cash equivalents, and restricted cash shown on the Condensed Consolidated Statements of Cash Flows $ 809,661 $ 587,901

Significant Accounting Polici_2

Significant Accounting Policies (Policies)	6 Months Ended
Significant Accounting Policies (Policies)	Apr. 30, 2023
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.
Use of Estimates, Policy	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. Estimates and assumptions may prove to be incorrect for a variety of reasons, whether as a result of the risks and uncertainties our business is subject to or for other reasons. In times of economic disruption when uncertainty regarding future economic conditions is heightened, our estimates and assumptions are subject to greater variability. 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 April 30, 2023, 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 $662.6 million and $680.6 million at April 30, 2023 and October 31, 2022, respectively. Of the outstanding customer deposits held as of October 31, 2022, we recognized $152.2 million and $275.1 million in home sales revenues during the three months and six months ended April 30, 2023. Of the outstanding customer deposits held as of October 31, 2021, we recognized $132.9 million and $243.8 million in home sales revenues during the three and six months ended April 30, 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) lot sales to third-party builders within our master-planned communities; (3) bulk sales to third parties of land we have decided no longer meets our development criteria; and (4) sales of commercial and retail properties generally located at our high-rise urban luxury condominium 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	Recent Accounting Pronouncements In March 2020, the Financial Accounting Standards Board (“FASB”) issued ASU 2020-04, “Reference Rate Reform (Topic 848),” as amended by ASU 2021-01 in January 2021 and ASU 2022-06 in December 2022 (“ASC 848”), directly addressing the effects of reference rate reform on financial reporting as a result of the cessation of the publication of certain London Interbank Offered Rate (“LIBOR”) rates beginning December 31, 2021. 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, 2024, with early adoption permitted. We elected to apply the hedge accounting expedients related to probability and the assessments of effectiveness for future LIBOR-indexed cash flows to assume that the index upon which future hedged transactions will be based matches the index on the corresponding derivatives. Application of these expedients preserves the presentation of derivatives consistent with past presentation. We continue to evaluate the impact of the guidance on our consolidated financial statements and may apply other elections as applicable as additional changes in the market occur.
Reclassification	ReclassificationCertain prior period amounts have been reclassified to conform to the fiscal 2023 presentation.

Inventory (Tables)

Inventory (Tables)	6 Months Ended
Inventory (Tables)	Apr. 30, 2023
Inventory Disclosure [Abstract]
Inventory	Inventory at April 30, 2023 and October 31, 2022 consisted of the following (amounts in thousands): April 30, October 31, Land controlled for future communities $ 170,613 $ 240,751 Land owned for future communities 876,561 808,851 Operating communities 8,060,704 7,683,724 $ 9,107,878 $ 8,733,326
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, which are included in home sales cost of revenues, are shown in the table below (amounts in thousands): Three months ended April 30, Six months ended April 30, 2023 2022 2023 2022 Land controlled for future communities $ 5,844 $ 2,192 $ 8,448 $ 2,985 Land owned for future communities 325 — 325 1,440 Operating communities 4,900 — 10,300 — $ 11,069 $ 2,192 $ 19,073 $ 4,425
Interest incurred, capitalized and expensed	Interest incurred, capitalized, and expensed, for the periods indicated, was as follows (amounts in thousands): Three months ended April 30, Six months ended April 30, 2023 2022 2023 2022 Interest capitalized, beginning of period $ 215,197 $ 247,942 $ 209,468 $ 253,938 Interest incurred 37,862 31,888 74,716 62,893 Interest expensed to home sales cost of revenues (37,558) (40,822) (62,638) (73,259) Interest expensed to land sales and other cost of revenues (1,350) (219) (4,827) (3,628) Interest capitalized on investments in unconsolidated entities (2,668) (1,516) (5,161) (2,806) Previously capitalized interest transferred to investments in unconsolidated entities — — (244) — Previously capitalized interest on investments in unconsolidated entities transferred to inventory 277 60 446 195 Interest capitalized, end of period $ 211,760 $ 237,333 $ 211,760 $ 237,333

Investments in Unconsolidated_2

Investments in Unconsolidated Entities (Tables)	6 Months Ended
Investments in Unconsolidated Entities (Tables)	Apr. 30, 2023
Investments in and Advances to Affiliates, Schedule of Investments [Abstract]
Summary of Joint Venture Information	he table below provides information as of April 30, 2023, 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 16 3 43 4 66 Investment in unconsolidated entities (1) $ 341,358 $ 66,271 $ 468,336 $ 11,678 $ 887,643 Number of unconsolidated entities with funding commitments by the Company 9 — 22 1 32 Company’s remaining funding commitment to unconsolidated entities (2) $ 215,524 $ — $ 107,524 $ 11,570 $ 334,618 (1) Our total investment includes $104.8 million related to 13 unconsolidated joint venture-related variable interests in VIEs and our maximum exposure to losses related to these VIEs is approximately $201.2 million as of April 30, 2023. Our ownership interest in such unconsolidated Joint Venture VIEs ranges from 20% to 50% . (2) Our remaining funding commitment includes approximately $106.2 million related to our unconsolidated joint venture-related variable interests in VIEs. The table below provides information as of October 31, 2022, regarding active joint ventures that we are invested in, by joint venture category ($ amounts in thousands): Land Home Building Rental Property Gibraltar Total Number of unconsolidated entities 15 3 41 4 63 Investment in unconsolidated entities (1) $ 343,314 $ 49,385 $ 441,399 $ 18,216 $ 852,314 Number of unconsolidated entities with funding commitments by the Company 9 1 18 1 29 Company’s remaining funding commitment to unconsolidated entities (2) $ 180,812 $ 20,072 $ 90,900 $ 12,533 $ 304,317 (1) Our total investment includes $100.2 million related to 13 unconsolidated joint venture-related variable interests in VIEs and our maximum exposure to losses related to these VIEs is approximately $200.0 million as of October 31, 2022. Our ownership interest in such unconsolidated Joint Venture VIEs ranges from 20% to 50% . (2) Our remaining funding commitment includes approximately $105.0 million related to our unconsolidated joint venture-related variable interests in VIEs.
Summary of Joint Ventures Borrowing information	Certain joint ventures in which we have investments obtained debt financing to finance a portion of their activities. The table below provides information at April 30, 2023, regarding the debt financing obtained by category ($ amounts in thousands): Land Home Building Rental Property Total Number of joint ventures with debt financing 11 2 40 53 Aggregate loan commitments $ 576,959 $ 219,650 $ 3,638,795 $ 4,435,404 Amounts borrowed under loan commitments $ 449,637 $ 78,114 $ 2,036,446 $ 2,564,197 The table below provides information at October 31, 2022, regarding the debt financing obtained by category ($ amounts in thousands): Land Home Building Rental Property Total Number of joint ventures with debt financing 10 2 35 47 Aggregate loan commitments $ 557,185 $ 219,650 $ 3,317,261 $ 4,094,096 Amounts borrowed under loan commitments $ 444,306 $ 17,583 $ 1,774,567 $ 2,236,456
New joint venture formations	The table below provides information on joint ventures entered into during the six-months ended April 30, 2023 ($ amounts in thousands): Land Development Joint Ventures Rental Property Joint Ventures Number of unconsolidated joint ventures entered into during the period 1 2 Investment balance at April 30, 2023 $ 11,755 $ 4,795 The table below provides information on joint ventures entered into during the six-months ended April 30, 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 2 7 1 Investment balance at April 30, 2022 $ 13,816 $ 69,513 $ 2,093
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): April 30, 2023 October 31, 2022 Loan commitments in the aggregate $ 3,181,400 $ 2,858,800 Our maximum estimated exposure under repayment and carry cost guarantees if the full amount of the debt obligations were borrowed (1) $ 654,400 $ 597,800 Debt obligations borrowed in the aggregate $ 1,436,200 $ 1,110,900 Our maximum estimated exposure under repayment and carry cost guarantees of the debt obligations borrowed $ 487,600 $ 390,500 Estimated fair value of guarantees provided by us related to debt and other obligations $ 19,000 $ 16,900 Terms of guarantees 1 month - 3.9 years 1 month - 3.7 years (1) At April 30, 2023 and October 31, 2022, our maximum estimated exposure under repayment and carry cost guarantees includes approximately $95.0 million related to our unconsolidated Joint Venture VIEs.
Consolidated Joint Venture Related Variable Interest Entities	The table below provides information as of April 30, 2023 and October 31, 2022, regarding our consolidated joint venture-related variable interests in VIEs ($ amounts in thousands): Balance Sheet Classification April 30, October 31, Number of Joint Venture VIEs that the Company is the primary beneficiary and consolidates 6 5 Carrying value of consolidated VIEs assets Inventory and investments in unconsolidated entities $ 84,300 $ 81,300 Our partners’ interests in consolidated VIEs Noncontrolling interest $ 9,600 $ 9,700 Our ownership interest in the above consolidated Joint Venture VIEs ranges from 80% to 98%.
Condensed balance sheet	Condensed Combined Balance Sheets: April 30, October 31, Cash and cash equivalents $ 135,511 $ 254,884 Inventory 1,342,879 1,256,215 Loans receivable – net 44,807 48,217 Rental properties 1,887,721 1,702,690 Rental properties under development 1,596,007 1,413,607 Other assets 364,735 305,250 Total assets $ 5,371,660 $ 4,980,863 Debt – net of deferred financing costs $ 2,555,116 $ 2,248,754 Other liabilities 392,710 399,818 Partners’ equity 2,423,834 2,332,291 Total liabilities and equity $ 5,371,660 $ 4,980,863 Company’s net investment in unconsolidated entities (1) $ 887,643 $ 852,314 (1) Our underlying equity in the net assets of the unconsolidated entities was less than our net investment in unconsolidated entities by $4.4 million and $18.5 million as of April 30, 2023 and October 31, 2022, respectively, and these differences are primarily a result of unrealized gains on our retained joint venture interests; distributions from entities in excess of the carrying amount of our net investment; interest capitalized on our investments; other than temporary impairments we have recognized; gains recognized from the sale of our ownership interests; and the estimated fair value of the guarantees provided to the joint ventures.
Condensed statements of operations and comprehensive income	Condensed Combined Statements of Operations: Three months ended April 30, Six months ended April 30, 2023 2022 2023 2022 Revenues $ 125,397 $ 130,771 $ 237,116 $ 286,523 Cost of revenues 78,613 86,219 137,966 194,701 Other expenses 56,655 39,172 119,729 82,776 Total expenses 135,268 125,391 257,695 277,477 Loss on disposition of loans and real estate owned — — — (113) (Loss) income from operations (9,871) 5,380 (20,579) 8,933 Other (loss) income (2) (2,276) 7,064 (3,632) 40,410 (Loss) income before income taxes (12,147) 12,444 (24,211) 49,343 Income tax (benefit) expense (148) 74 (166) 156 Net (loss) income (11,999) 12,370 (24,045) 49,187 Company’s (loss) income from unconsolidated entities (3) $ (5,302) $ 2,933 $ (9,735) $ 24,970 (2) The six months ended April 30, 2022 includes $29.9 million, related to the sale of assets by our Rental Property Joint Ventures. (3) Differences between our (loss) income from unconsolidated entities and the underlying net (loss) income 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_2

Receivables, Prepaid Expenses, and Other Assets (Tables)	6 Months Ended
Receivables, Prepaid Expenses, and Other Assets (Tables)	Apr. 30, 2023
Receivables, prepaid expenses and other assets [Abstract]
Receivables, Prepaid Expenses, and Other Assets [Table Text Block]	Receivables, prepaid expenses, and other assets at April 30, 2023 and October 31, 2022, consisted of the following (amounts in thousands): April 30, 2023 October 31, 2022 Expected recoveries from insurance carriers and others $ 35,873 $ 41,527 Improvement cost receivable 57,190 60,812 Escrow cash held by our wholly owned captive title company 47,716 51,796 Properties held for rental apartment and commercial development 261,980 224,593 Prepaid expenses 28,312 44,307 Right-of-use asset 118,803 116,660 Derivative assets 37,493 71,929 Other 110,245 135,604 $ 697,612 $ 747,228

Loans Payable, Senior Notes a_2

Loans Payable, Senior Notes and Mortgage Company Loan Facility Loans Payable (Tables)	6 Months Ended
	Apr. 30, 2023
Debt Disclosure [Abstract]
Loans Payable [Text Block]	At April 30, 2023 and October 31, 2022, loans payable consisted of the following (amounts in thousands): April 30, October 31, Senior unsecured term loan $ 650,000 $ 650,000 Loans payable – other 489,869 537,043 Deferred issuance costs (3,634) (1,768) $ 1,136,235 $ 1,185,275

Accrued Expenses (Tables)

Accrued Expenses (Tables)	6 Months Ended
Accrued Expenses (Tables)	Apr. 30, 2023
Payables and Accruals [Abstract]
Accrued expenses	Accrued expenses at April 30, 2023 and October 31, 2022 consisted of the following (amounts in thousands): April 30, October 31, Land, land development, and construction $ 418,048 $ 334,975 Compensation and employee benefits 170,448 223,609 Escrow liability associated with our wholly owned captive title company 40,459 44,115 Self-insurance 245,687 251,576 Warranty 149,395 164,409 Lease liabilities 142,901 139,664 Deferred income 47,846 50,973 Interest 32,212 31,988 Commitments to unconsolidated entities 31,744 26,905 Other 55,457 77,773 $ 1,334,197 $ 1,345,987
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 April 30, Six months ended April 30, 2023 2022 2023 2022 Balance, beginning of period $ 156,895 $ 143,043 $ 164,409 $ 145,062 Additions – homes closed during the period 10,084 13,745 17,270 23,200 Change in accruals for homes closed in prior years – net (73) 715 2,023 3,672 Charges incurred (17,511) (13,512) (34,307) (27,943) Balance, end of period $ 149,395 $ 143,991 $ 149,395 $ 143,991

Stock-Based Benefit Plans (Tabl

Stock-Based Benefit Plans (Tables)	6 Months Ended
Stock-Based Benefit Plans (Tables)	Apr. 30, 2023
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 April 30, Six months ended April 30, 2023 2022 2023 2022 Total stock-based compensation expense recognized $ 2,641 $ 3,405 $ 17,025 $ 17,020 Income tax benefit recognized $ 666 $ 855 $ 4,304 $ 4,268

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	6 Months Ended
Stockholders' Equity (Tables)	Apr. 30, 2023
Stock Repurchase Program [Abstract]
Stock repurchase program	The table below provides, for the periods indicated, information about our share repurchase programs: Three months ended April 30, Six months ended April 30, 2023 2022 2023 2022 Number of shares purchased (in thousands) 1,443 2,205 1,630 5,219 Average price per share $ 58.14 $ 48.30 $ 57.20 $ 56.01 Remaining authorization at April 30 (in thousands) 12,947 7,344 12,947 7,344
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 April 30, Six months ended April 30, 2023 2022 2023 2022 Employee Retirement Plans Beginning balance $ 2,492 $ (5,685) $ 2,475 $ (6,024) Losses reclassified from AOCI to net income (1) 24 451 47 903 Less: Tax benefit (2) (6) (113) (12) (226) Net losses reclassified from AOCI to net income 18 338 35 677 Other comprehensive loss – net of tax 18 338 35 677 Ending balance $ 2,510 $ (5,347) $ 2,510 $ (5,347) Derivative Instruments Beginning balance $ 31,662 $ 11,496 $ 35,143 $ 7,133 Gains (losses) on derivative instruments 588 17,616 (3,709) 23,363 Less: Tax (expense) benefit (138) (4,425) 948 (5,866) Net gains (losses) on derivative instruments 450 13,191 (2,761) 17,497 (Gains) losses reclassified from AOCI to net income (3) (1,000) 106 (1,362) 182 Less: Tax expense (benefit) (2) 253 (27) 345 (46) Net (gains) losses reclassified from AOCI to net income (747) 79 (1,017) 136 Other comprehensive (income) loss – net of tax (297) 13,270 (3,778) 17,633 Ending balance $ 31,365 $ 24,766 $ 31,365 $ 24,766 Total AOCI ending balance $ 33,875 $ 19,419 $ 33,875 $ 19,419 (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)	6 Months Ended
Earnings Per Share Information (Tables)	Apr. 30, 2023
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 April 30, Six months ended April 30, 2023 2022 2023 2022 Numerator: Net income as reported $ 320,216 $ 220,593 $ 511,746 $ 372,497 Denominator: Basic weighted-average shares 111,214 117,839 111,306 119,418 Common stock equivalents (1) 970 1,086 954 1,473 Diluted weighted-average shares 112,184 118,925 112,260 120,891 Other information: Weighted-average number of antidilutive options and restricted stock units (2) 168 214 334 209 Shares issued under stock incentive and employee stock purchase plans 103 17 1,437 424 (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)	6 Months Ended
Fair Value Disclosures (Tables)	Apr. 30, 2023
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 April 30, October 31, 2022 Residential Mortgage Loans Held for Sale Level 2 $ 112,603 $ 185,150 Forward Loan Commitments — Residential Mortgage Loans Held for Sale Level 2 $ 1,396 $ 9,184 Interest Rate Lock Commitments (“IRLCs”) Level 2 $ (2,884) $ (17,734) Forward Loan Commitments — IRLCs Level 2 $ 2,884 $ 17,734 Interest Rate Swap Contracts Level 2 $ 33,214 $ 45,010
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 April 30, 2023 $ 115,286 $ 112,603 $ (2,683) At October 31, 2022 $ 193,746 $ 185,150 $ (8,596)
Book value and estimated fair value of the Company's debt	The table below provides, as of the dates indicated, the book value, excluding any bond discounts, premiums, and deferred issuance costs, and estimated fair value of our debt (amounts in thousands): April 30, 2023 October 31, 2022 Fair value Book value Estimated Book value Estimated Loans payable (1) Level 2 $ 1,139,869 $ 1,123,766 $ 1,187,043 $ 1,180,893 Senior notes (2) Level 1 1,600,000 1,536,985 2,000,000 1,822,255 Mortgage company loan facility (3) Level 2 102,489 102,489 148,863 148,863 $ 2,842,358 $ 2,763,240 $ 3,335,906 $ 3,152,011 (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)	6 Months Ended
Other Income - Net (Tables)	Apr. 30, 2023
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 April 30, Six months ended April 30, 2023 2022 2023 2022 Income (loss) from ancillary businesses $ 2,858 $ 12,334 $ (91) $ 14,294 Management fee income earned by home building operations 659 1,037 2,062 2,375 Gain on litigation settlements – net — — 27,683 — Other 6,663 (2,147) 13,441 (1,733) Total other income – net $ 10,180 $ 11,224 $ 43,095 $ 14,936
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 April 30, Six months ended April 30, 2023 2022 2023 2022 Revenues $ 33,275 $ 31,890 $ 61,181 $ 59,586 Expenses $ 30,417 $ 19,556 $ 61,272 $ 45,292

Commitments and Contingencies (

Commitments and Contingencies (Tables)	6 Months Ended
Commitments and Contingencies (Tables)	Apr. 30, 2023
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): April 30, 2023 October 31, 2022 Aggregate purchase price: Unrelated parties $ 4,031,720 $ 4,279,660 Unconsolidated entities that the Company has investments in 33,503 42,057 Total $ 4,065,223 $ 4,321,717 Deposits against aggregate purchase price $ 450,800 $ 463,452 Additional cash required to acquire land 3,614,423 3,858,265 Total $ 4,065,223 $ 4,321,717 Amount of additional cash required to acquire land included in accrued expenses $ 119,141 $ 34,994
Company mortgage commitments	Information regarding our mortgage commitments, as of the dates indicated, is provided in the table below (amounts in thousands): April 30, October 31, 2022 Aggregate mortgage loan commitments: IRLCs $ 452,156 $ 669,631 Non-IRLCs 2,030,535 2,429,063 Total $ 2,482,691 $ 3,098,694 Investor commitments to purchase: IRLCs $ 452,156 $ 669,631 Mortgage loans held for sale 106,006 186,666 Total $ 558,162 $ 856,297

Information on Segments (Tables

Information on Segments (Tables)	6 Months Ended
Information on Segments (Tables)	Apr. 30, 2023
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 April 30, Six months ended April 30, 2023 2022 2023 2022 (restated) (restated) Revenues: North $ 381,316 $ 398,907 $ 704,110 $ 754,041 Mid-Atlantic 309,587 268,250 498,704 511,127 South 519,351 326,351 912,232 569,870 Mountain 674,234 653,558 1,154,446 1,115,858 Pacific 605,870 541,495 970,638 926,444 Total home building 2,490,358 2,188,561 4,240,130 3,877,340 Corporate and other (260) (2,032) (610) (3,459) 2,490,098 2,186,529 4,239,520 3,873,881 Land sales and other revenues 16,881 91,012 47,628 194,741 Total consolidated $ 2,506,979 $ 2,277,541 $ 4,287,148 $ 4,068,622 Income (loss) before income taxes: North $ 50,922 $ 50,717 $ 87,556 $ 96,384 Mid-Atlantic 64,428 43,837 87,351 77,285 South 88,721 42,974 141,167 65,551 Mountain 133,942 104,962 221,246 175,973 Pacific 157,524 116,743 236,501 179,798 Total home building 495,537 359,233 773,821 594,991 Corporate and other (64,945) (63,418) (89,433) (98,360) Total consolidated $ 430,592 $ 295,815 $ 684,388 $ 496,631 “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 our high-rise urban luxury condominium 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): April 30, October 31, North $ 1,394,986 $ 1,464,995 Mid-Atlantic 1,143,351 1,049,043 South 2,371,522 2,137,568 Mountain 2,781,482 2,785,603 Pacific 2,240,371 2,174,065 Total home building 9,931,712 9,611,274 Corporate and other 2,057,764 2,677,440 Total consolidated $ 11,989,476 $ 12,288,714
Schedule of inventory impairments by segment	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, which are included in home sales cost of revenues, were as follows (amounts in thousands): Three months ended April 30, Six months ended April 30, 2023 2022 2023 2022 (restated) (restated) North $ 290 $ 443 $ 431 $ 769 Mid-Atlantic 5,080 706 6,320 1,145 South 30 466 481 609 Mountain 5,487 342 5,618 444 Pacific 182 235 6,223 1,458 Total consolidated $ 11,069 $ 2,192 $ 19,073 $ 4,425

Supplemental Disclosure to Co_2

Supplemental Disclosure to Condensed Consolidated Statements of Cash Flows (Tables)	6 Months Ended
	Apr. 30, 2023
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): Six months ended April 30, 2023 2022 Cash flow information: Income tax paid – net $ 291,196 $ 131,658 Noncash activity: Cost of inventory acquired through seller financing, municipal bonds, or included in accrued expenses - net $ 110,759 $ 180,576 Accrued treasury share purchases $ — $ 8,003 Transfer of other assets to investment in unconsolidated entities - net $ 2,765 $ 55,202 Transfer of other assets to property, construction and office equipment - net $ 12,268 $ — Unrealized (loss) gain on derivatives $ (11,796) $ 23,731 At April 30, 2023 2022 Cash, cash equivalents, and restricted cash Cash and cash equivalents $ 761,945 $ 535,038 Restricted cash included in receivables, prepaid expenses, and other assets 47,716 52,863 Total cash, cash equivalents, and restricted cash shown on the Condensed Consolidated Statements of Cash Flows $ 809,661 $ 587,901

Significant Accounting Polici_3

Significant Accounting Policies (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Apr. 30, 2023	Apr. 30, 2022	Apr. 30, 2023	Apr. 30, 2022	Oct. 31, 2022
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Contract liabilities consisting of customer deposits	$ 662,559		$ 662,559		$ 680,588
Home Building [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Contract liabilities, revenue recognized	$ 152,200	$ 132,900	$ 275,100	$ 243,800

Inventory (Details)

Inventory (Details) - USD ($) $ in Thousands	Apr. 30, 2023	Oct. 31, 2022
Total Inventory
Inventory	$ 9,107,878	$ 8,733,326
Land controlled for future communities [Member]
Total Inventory
Inventory	170,613	240,751
Land Owned for Future Communities [Member]
Total Inventory
Inventory	876,561	808,851
Operating communities [Member]
Total Inventory
Inventory	$ 8,060,704	$ 7,683,724

Inventory (Details 1)

Inventory (Details 1) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
Inventory (Details 1) - USD ($) $ in Thousands	Apr. 30, 2023	Apr. 30, 2022	Apr. 30, 2023	Apr. 30, 2022
Schedule of inventory [Line Items]
Inventory Write-down	$ 11,069	$ 2,192	$ 19,073	$ 4,425
Land and Land Improvements
Schedule of inventory [Line Items]
Inventory Write-down	4,700	5,200	17,700	5,200
Land controlled for future communities [Member]
Schedule of inventory [Line Items]
Inventory Write-down	5,844	2,192	8,448	2,985
Land Owned for Future Communities [Member]
Schedule of inventory [Line Items]
Inventory Write-down	325	0	325	1,440
Operating communities [Member]
Schedule of inventory [Line Items]
Inventory Write-down	$ 4,900	$ 0	$ 10,300	$ 0

Inventory (Details 2)

Inventory (Details 2) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
Inventory (Details 2) - USD ($) $ in Thousands	Apr. 30, 2023	Apr. 30, 2022	Apr. 30, 2023	Apr. 30, 2022
Real Estate Inventory, Capitalized Interest Costs [Roll Forward]
Interest capitalized, beginning of period	$ 215,197	$ 247,942	$ 209,468	$ 253,938
Interest incurred	37,862	31,888	74,716	62,893
Interest capitalized on investments in unconsolidated entities	(2,668)	(1,516)	(5,161)	(2,806)
Real Estate Inventory Capitalized Interest Transferred to Unconsolidated Entities	0	0	(244)	0
Previously capitalized interest on investments in unconsolidated entities transferred to inventory	277	60	446	195
Interest capitalized, end of period	211,760	237,333	211,760	237,333
Home Building [Member]
Real Estate Inventory, Capitalized Interest Costs [Roll Forward]
Interest expensed to cost of revenues	(37,558)	(40,822)	(62,638)	(73,259)
Land [Member]
Real Estate Inventory, Capitalized Interest Costs [Roll Forward]
Interest expensed to cost of revenues	$ (1,350)	$ (219)	$ (4,827)	$ (3,628)

Inventory (Details Textual)

Inventory (Details Textual) $ in Thousands	3 Months Ended		6 Months Ended
Inventory (Details Textual) $ in Thousands	Apr. 30, 2023 USD ($)	Apr. 30, 2022 USD ($)	Apr. 30, 2023 USD ($)	Apr. 30, 2022 USD ($)	Oct. 31, 2022 USD ($)
Variable Interest Entity [Line Items]
Purchase obligation	$ 4,065,223		$ 4,065,223		$ 4,321,717
Home Building [Member]
Real estate inventory capitalized interest costs [Line Items]
Interest expensed to cost of revenues	$ 37,558	$ 40,822	$ 62,638	$ 73,259
VariableInterestEntityNotPrimaryBeneficiaryAggregatedDisclosureMember [Member]
Variable Interest Entity [Line Items]
Number of VIE Land Purchase Contracts (in ones)	236		236		237
Interest Rate Swap [Member] \| Home Building [Member]
Real estate inventory capitalized interest costs [Line Items]
Interest expensed to cost of revenues	$ (1,000)	106	$ (1,362)	182
Interest Rate Swap [Member] \| AOCI Attributable to Parent [Member]
Real estate inventory capitalized interest costs [Line Items]
Interest costs incurred	(588)	$ (17,616)	3,709	$ (23,363)
Land Purchase Commitment To Unrelated Party [Member]
Variable Interest Entity [Line Items]
Purchase obligation	4,031,720		4,031,720		$ 4,279,660
Land Purchase Commitment To Unrelated Party [Member] \| VariableInterestEntityNotPrimaryBeneficiaryAggregatedDisclosureMember [Member]
Variable Interest Entity [Line Items]
Purchase obligation	3,750,000		3,750,000		3,890,000
Land Parcel Purchase Commitment [Member]
Variable Interest Entity [Line Items]
Deposits against aggregate purchase commitments	450,800		450,800		463,452
Land Parcel Purchase Commitment [Member] \| VariableInterestEntityNotPrimaryBeneficiaryAggregatedDisclosureMember [Member]
Variable Interest Entity [Line Items]
Deposits against aggregate purchase commitments	$ 414,600		$ 414,600		$ 417,600

Investments in Unconsolidated_3

Investments in Unconsolidated Entities (Details 1) $ in Thousands	Apr. 30, 2023 USD ($) joint_ventures	Oct. 31, 2022 USD ($) joint_ventures
Schedule of Equity Method Investments [Line Items]
Number of joint ventures \| joint_ventures	66	63
Investment in unconsolidated entities (1)	$ 887,643	$ 852,314
Number of joint venture with funding commitments \| joint_ventures	32	29
Other commitment	$ 334,618	$ 304,317
Land Development Joint Ventures [Member]
Schedule of Equity Method Investments [Line Items]
Number of joint ventures \| joint_ventures	16	15
Investment in unconsolidated entities (1)	$ 341,358	$ 343,314
Number of joint venture with funding commitments \| joint_ventures	9	9
Home Building Joint Ventures, Total [Member]
Schedule of Equity Method Investments [Line Items]
Number of joint ventures \| joint_ventures	3	3
Investment in unconsolidated entities (1)	$ 66,271	$ 49,385
Number of joint venture with funding commitments \| joint_ventures	0	1
Rental Joint Ventures, including the Trust [Member]
Schedule of Equity Method Investments [Line Items]
Number of joint ventures \| joint_ventures	43	41
Investment in unconsolidated entities (1)	$ 468,336	$ 441,399
Number of joint venture with funding commitments \| joint_ventures	22	18
Gibraltar Joint Ventures [Member]
Schedule of Equity Method Investments [Line Items]
Number of joint ventures \| joint_ventures	4	4
Investment in unconsolidated entities (1)	$ 11,678	$ 18,216
Number of joint venture with funding commitments \| joint_ventures	1	1
Variable Interest Entity, Not Primary Beneficiary [Member]
Schedule of Equity Method Investments [Line Items]
Number of joint ventures \| joint_ventures	13	13
Investment in unconsolidated entities (1)	$ 104,800	$ 100,200
Other commitment	$ 106,200	$ 105,000
Variable Interest Entity, Not Primary Beneficiary [Member] \| Minimum [Member]
Schedule of Equity Method Investments [Line Items]
Ownership interest	20%	20%
Variable Interest Entity, Not Primary Beneficiary [Member] \| Maximum [Member]
Schedule of Equity Method Investments [Line Items]
Ownership interest	50%	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	$ 215,524	$ 180,812
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	20,072
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	107,524	90,900
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	11,570	12,533
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	$ 201,200	$ 200,000

Investments in Unconsolidated_4

Investments in Unconsolidated Entities (Details 2) $ in Thousands	Apr. 30, 2023 USD ($) joint_ventures	Oct. 31, 2022 USD ($) joint_ventures
Schedule of Equity Method Investments [Line Items]
Number of joint ventures with loan commitments \| joint_ventures	53	47
Line of credit facility, maximum borrowing capacity	$ 4,435,404	$ 4,094,096
Amounts borrowed under commitments	$ 2,564,197	$ 2,236,456
Land Development Joint Ventures [Member]
Schedule of Equity Method Investments [Line Items]
Number of joint ventures with loan commitments \| joint_ventures	11	10
Line of credit facility, maximum borrowing capacity	$ 576,959	$ 557,185
Amounts borrowed under commitments	$ 449,637	$ 444,306
Home Building Joint Ventures, Total [Member]
Schedule of Equity Method Investments [Line Items]
Number of joint ventures with loan commitments \| joint_ventures	2	2
Line of credit facility, maximum borrowing capacity	$ 219,650	$ 219,650
Amounts borrowed under commitments	$ 78,114	$ 17,583
Rental Joint Ventures, including the Trust [Member]
Schedule of Equity Method Investments [Line Items]
Number of joint ventures with loan commitments \| joint_ventures	40	35
Line of credit facility, maximum borrowing capacity	$ 3,638,795	$ 3,317,261
Amounts borrowed under commitments	$ 2,036,446	$ 1,774,567

Investments in Unconsolidated_5

Investments in Unconsolidated Entities (Details 3) $ in Thousands	6 Months Ended
	Apr. 30, 2023 USD ($) joint_ventures	Apr. 30, 2022 USD ($) joint_ventures	Oct. 31, 2022 USD ($)
Schedule of Equity Method Investments [Line Items]
Investment in unconsolidated entities (1)	$ 887,643		$ 852,314
Variable Interest Entity, Primary Beneficiary [Member]
Schedule of Equity Method Investments [Line Items]
Investment in unconsolidated entities (1)	84,300		81,300
Land Development Joint Ventures [Member]
Schedule of Equity Method Investments [Line Items]
Investment in unconsolidated entities (1)	341,358		343,314
Rental Joint Ventures, including the Trust [Member]
Schedule of Equity Method Investments [Line Items]
Investment in unconsolidated entities (1)	468,336		441,399
Gibraltar Joint Ventures [Member]
Schedule of Equity Method Investments [Line Items]
Investment in unconsolidated entities (1)	$ 11,678		$ 18,216
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	1	2
Investment in unconsolidated entities (1)	$ 11,755	$ 13,816
Newly Formed Joint Ventures [Member] \| Rental Joint Ventures, including the Trust [Member]
Schedule of Equity Method Investments [Line Items]
Number of JVs formed in the period \| joint_ventures	2	7
Investment in unconsolidated entities (1)	$ 4,795	$ 69,513
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)		$ 2,093

Investments in Unconsolidated_6

Investments in Unconsolidated Entities (Details 4) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jan. 31, 2023	Apr. 30, 2023	Oct. 31, 2022
Schedule of Equity Method Investments [Line Items]
Line of credit facility, maximum borrowing capacity		$ 4,435,404	$ 4,094,096
Long-term line of credit		2,564,197	2,236,456
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	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		19,000	16,900
Indirect Guarantee of Indebtedness [Member] \| Equity Method Investee [Member]
Schedule of Equity Method Investments [Line Items]
Line of credit facility, maximum borrowing capacity		3,181,400	2,858,800
Our maximum estimated exposure under repayment and carry cost guarantees if the full amount of the debt obligations were borrowed (1)		654,400	597,800
Long-term line of credit		1,436,200	1,110,900
Maximum repapyment and carry cost guarantee obligation for borrowings by JV		$ 487,600	$ 390,500
Indirect Guarantee of Indebtedness [Member] \| Equity Method Investee [Member] \| Minimum [Member]
Schedule of Equity Method Investments [Line Items]
Terms of guarantees	1 month	1 month
Indirect Guarantee of Indebtedness [Member] \| Equity Method Investee [Member] \| Maximum [Member]
Schedule of Equity Method Investments [Line Items]
Terms of guarantees	3.7 years	3.9 years

Investments in Unconsolidated_7

Investments in Unconsolidated Entities (Details 5) $ in Thousands	6 Months Ended
	Apr. 30, 2023 USD ($) joint_ventures	Apr. 30, 2022 USD ($) joint_ventures	Oct. 31, 2022 USD ($) joint_ventures
Investments in and Advances to Unconsolidated Entities (Textual) [Abstract]
Number of joint ventures \| joint_ventures	66		63
Investment in unconsolidated entities (1)	$ 887,643		$ 852,314
Other commitment	$ 334,618		$ 304,317
Variable Interest Entity, Not Primary Beneficiary [Member]
Investments in and Advances to Unconsolidated Entities (Textual) [Abstract]
Number of joint ventures \| joint_ventures	13		13
Investment in unconsolidated entities (1)	$ 104,800		$ 100,200
Other commitment	106,200		105,000
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	$ 201,200		$ 200,000
Rental Joint Ventures, including the Trust [Member]
Investments in and Advances to Unconsolidated Entities (Textual) [Abstract]
Number of joint ventures \| joint_ventures	43		41
Investment in unconsolidated entities (1)	$ 468,336		$ 441,399
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)	$ 4,795	$ 69,513
Number of JVs formed in the period \| joint_ventures	2	7
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	$ 107,524		$ 90,900
Land Development Joint Ventures [Member]
Investments in and Advances to Unconsolidated Entities (Textual) [Abstract]
Number of joint ventures \| joint_ventures	16		15
Investment in unconsolidated entities (1)	$ 341,358		$ 343,314
Land Development Joint Ventures [Member] \| Newly Formed Joint Ventures [Member]
Investments in and Advances to Unconsolidated Entities (Textual) [Abstract]
Investment in unconsolidated entities (1)	$ 11,755	$ 13,816
Number of JVs formed in the period \| joint_ventures	1	2
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	$ 215,524		$ 180,812
Gibraltar Joint Ventures [Member]
Investments in and Advances to Unconsolidated Entities (Textual) [Abstract]
Number of joint ventures \| joint_ventures	4		4
Investment in unconsolidated entities (1)	$ 11,678		$ 18,216
Gibraltar Joint Ventures [Member] \| Newly Formed Joint Ventures [Member]
Investments in and Advances to Unconsolidated Entities (Textual) [Abstract]
Investment in unconsolidated entities (1)		$ 2,093
Number of JVs formed in the period \| joint_ventures		1
Gibraltar 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	$ 11,570		$ 12,533
Minimum [Member] \| Variable Interest Entity, Not Primary Beneficiary [Member]
Investments in and Advances to Unconsolidated Entities (Textual) [Abstract]
Ownership interest	20%		20%
Maximum [Member] \| Variable Interest Entity, Not Primary Beneficiary [Member]
Investments in and Advances to Unconsolidated Entities (Textual) [Abstract]
Ownership interest	50%		50%

Investments in Unconsolidated_8

Investments in Unconsolidated Entities (Details 6) $ in Thousands	Apr. 30, 2023 USD ($) joint_ventures	Oct. 31, 2022 USD ($) joint_ventures
Statement of Investments in and Advances to Unconsolidated Entities [Line Items]
Number of joint ventures \| joint_ventures	66	63
Investment in unconsolidated entities (1)	$ 887,643	$ 852,314
Total assets	$ 11,989,476	$ 12,288,714
Variable Interest Entity, Primary Beneficiary [Member]
Statement of Investments in and Advances to Unconsolidated Entities [Line Items]
Number of joint ventures \| joint_ventures	6	5
Investment in unconsolidated entities (1)	$ 84,300	$ 81,300
Noncontrolling Interest in Variable Interest Entity	$ 9,600	$ 9,700
Variable Interest Entity, Primary Beneficiary [Member] \| Minimum [Member]
Statement of Investments in and Advances to Unconsolidated Entities [Line Items]
Ownership interest	80%
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	Apr. 30, 2023	Oct. 31, 2022	Apr. 30, 2022	Oct. 31, 2021
Condensed Balance Sheets:
Cash and cash equivalents	$ 809,661	$ 1,398,550	$ 587,901	$ 1,684,412
Inventory	9,107,878	8,733,326
Other Assets	110,245	135,604
Total assets	11,989,476	12,288,714
Stockholders' Equity Attributable to Noncontrolling Interest	15,506	15,752
Total liabilities and stockholders' equity	11,989,476	12,288,714
Investments in unconsolidated entities	887,643	852,314
Equity Method Investment, Difference Between Carrying Amount and Underlying Equity	(4,400)	(18,500)
Equity Method Investment, Nonconsolidated Investee or Group of Investees
Condensed Balance Sheets:
Cash and cash equivalents	135,511	254,884
Inventory	1,342,879	1,256,215
Loans Receivable, Net	44,807	48,217
Rental Properties	1,887,721	1,702,690
Rental properties under development	1,596,007	1,413,607
Other Assets	364,735	305,250
Total assets	5,371,660	4,980,863
Debt, net of deferred financing costs	2,555,116	2,248,754
Other Liabilities	392,710	399,818
Members' Equity	2,423,834	2,332,291
Total liabilities and stockholders' equity	5,371,660	4,980,863
Investments in unconsolidated entities	$ 887,643	$ 852,314

Investments in Unconsolidate_10

Investments in Unconsolidated Entities (Details 8) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Apr. 30, 2023	Apr. 30, 2022	Apr. 30, 2023	Apr. 30, 2022
Condensed Statements of Operations and Comprehensive Income:
Income before income taxes	$ 430,592	$ 295,815	$ 684,388	$ 496,631
Income Tax Expense (Benefit)	110,376	75,222	172,642	124,134
Net Income (Loss) Attributable to Noncontrolling Interest	141	(65)	246	(86)
Net income	320,216	220,593	511,746	372,497
Company's (loss) income from unconsolidated entities	(5,302)	2,933	(9,735)	24,970
Equity Method Investment, Nonconsolidated Investee or Group of Investees
Condensed Statements of Operations and Comprehensive Income:
Revenues	125,397	130,771	237,116	286,523
Cost of Revenue	78,613	86,219	137,966	194,701
Other expenses	56,655	39,172	119,729	82,776
Total expenses	135,268	125,391	257,695	277,477
Loss on disposition of loans and real estate owned	0	0	0	(113)
Income before income taxes	(9,871)	5,380	(20,579)	8,933
Other Income	(2,276)	7,064	(3,632)	40,410
Net Income Before Noncontrolling Interest	(12,147)	12,444	(24,211)	49,343
Income Tax Expense (Benefit)	(148)	74	(166)	156
Net income (loss)	(11,999)	12,370	(24,045)	49,187
Company's (loss) income from unconsolidated entities	$ (5,302)	$ 2,933	$ (9,735)	24,970
Gain (Loss) on Disposition of Property Plant Equipment				$ 29,900

Investments in Unconsolidate_11

Investments in Unconsolidated Entities (Details Textual) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Apr. 30, 2023	Apr. 30, 2022	Apr. 30, 2023	Apr. 30, 2022	Oct. 31, 2022
Schedule of Equity Method Investments [Line Items]
Line of credit facility, maximum borrowing capacity	$ 4,435,404		$ 4,435,404		$ 4,094,096
Long-term line of credit	2,564,197		2,564,197		2,236,456
Investment in unconsolidated entities (1)	887,643		887,643		852,314
Revenues	2,506,979	$ 2,277,541	4,287,148	$ 4,068,622
Land [Member]
Schedule of Equity Method Investments [Line Items]
Revenues	16,881	$ 91,012	47,628	194,741
Variable Interest Entity, Not Primary Beneficiary [Member]
Schedule of Equity Method Investments [Line Items]
Investment in unconsolidated entities (1)	104,800		104,800		100,200
Our maximum estimated exposure under repayment and carry cost guarantees if the full amount of the debt obligations were borrowed (1)	$ 95,000		$ 95,000		$ 95,000
Rental Joint Ventures, including Trusts i and II [Member]
Schedule of Equity Method Investments [Line Items]
Equity Method Investment, Realized Gain (Loss) on Disposal				$ 21,000

Investments in Unconsolidate_12

Investments in Unconsolidated Entities (Details Textual 1) $ in Thousands	3 Months Ended		6 Months Ended
	Apr. 30, 2023 USD ($) joint_ventures	Apr. 30, 2022 USD ($)	Apr. 30, 2023 USD ($) joint_ventures	Apr. 30, 2022 USD ($)	Oct. 31, 2022 USD ($) joint_ventures
Schedule of Equity Method Investments [Line Items]
Number of joint ventures \| joint_ventures	66		66		63
Line of credit facility, maximum borrowing capacity	$ 4,435,404		$ 4,435,404		$ 4,094,096
Proceeds from Equity Method Investment, Distribution			30,447	$ 29,636
Long-term line of credit	2,564,197		2,564,197		2,236,456
Total assets	$ 11,989,476		$ 11,989,476		$ 12,288,714
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	16		16		15
Land Development Joint Ventures [Member] \| Equity Method Investee [Member]
Schedule of Equity Method Investments [Line Items]
Revenues	$ 52,400	$ 14,100	$ 69,100	37,900
Rental Joint Ventures, including the Trust [Member]
Schedule of Equity Method Investments [Line Items]
Number of joint ventures \| joint_ventures	43		43		41
Variable Interest Entity, Not Primary Beneficiary [Member]
Schedule of Equity Method Investments [Line Items]
Number of joint ventures \| joint_ventures	13		13		13
Rental Joint Ventures, including Trusts i and II [Member]
Schedule of Equity Method Investments [Line Items]
Equity Method Investment, Realized Gain (Loss) on Disposal				21,000
Land sales earnings, net	$ 8,200	73,900	$ 8,200	$ 151,900
Equity Method Investment, Number of Joint Ventures with Realized Gain (Loss) on Disposal Amount	0	$ 0	$ 0
Home Building Joint Ventures, Total [Member]
Schedule of Equity Method Investments [Line Items]
Other than Temporary Impairment Losses, Investments	$ 0

Receivables, Prepaid Expenses_3

Receivables, Prepaid Expenses, and Other Assets (Details) - USD ($) $ in Thousands	Apr. 30, 2023	Oct. 31, 2022
Receivables, prepaid expenses and other assets [Abstract]
Expected recoveries from insurance carriers and others	$ 35,873	$ 41,527
Improvement cost receivable	57,190	60,812
Escrow cash held by our wholly owned captive title company	47,716	51,796
Properties held for rental apartment and commercial development	261,980	224,593
Prepaid expenses	28,312	44,307
Right-of-use asset	118,803	116,660
Derivative assets	37,493	71,929
Other Assets	110,245	135,604
Receivables, prepaid expenses and other assets	$ 697,612	$ 747,228
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Prepaid Expense and Other Assets	Prepaid Expense and Other Assets

Loans Payable, Senior Notes a_3

Loans Payable, Senior Notes and Mortgage Company Loan Facility Loans Payable (Details) - USD ($) $ in Thousands	Apr. 30, 2023	Oct. 31, 2022
Debt Instrument [Line Items]
Other Loans Payable	$ 489,869	$ 537,043
Loans payable	1,136,235	1,185,275
Senior unsecured term loan [Member]
Debt Instrument [Line Items]
Unsecured Long-term Debt, Noncurrent	650,000	650,000
Deferred Finance Costs, Net	$ (3,634)	$ (1,768)

Loans Payable, Senior Notes a_4

Loans Payable, Senior Notes and Mortgage Company Loan Facility Term Loan Facility (Details Textual 1) $ in Thousands	6 Months Ended
	Apr. 30, 2023 USD ($)	Feb. 14, 2023 USD ($)	Oct. 31, 2022 USD ($)	Oct. 31, 2021 USD ($)	Nov. 30, 2020 USD ($) numberOfInterestRateSwaps
Senior unsecured term loan due February 14 2028
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	1.15%
Senior unsecured term loan due November 1 2026
Debt Instrument [Line Items]
Unsecured Long-term Debt, Noncurrent	$ 650,000
Debt Instrument, Interest Rate at Period End	5.95%
Senior unsecured term loan due November 1 2026 \| Debt Instrument, Redemption, Period Four
Debt Instrument [Line Items]
Unsecured Long-term Debt, Noncurrent		$ 60,900
Senior unsecured term loan due November 1 2025 \| Debt Instrument, Redemption, Period Four
Debt Instrument [Line Items]
Unsecured Long-term Debt, Noncurrent		101,600		$ 101,600
Senior unsecured term loan due February 14 2028
Debt Instrument [Line Items]
Unsecured Long-term Debt, Noncurrent		$ 487,500
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	6 Months Ended
	Apr. 30, 2023	Feb. 14, 2023	Oct. 31, 2022	Oct. 31, 2021
Line of Credit Facility [Line Items]
Line of credit facility, maximum borrowing capacity	$ 4,435,404		$ 4,094,096
Long-term line of credit	$ 2,564,197		$ 2,236,456
Oct 2021 Revolving Credit Facility Extension Agreement
Line of Credit Facility [Line Items]
Line of credit facility, maximum borrowing capacity				$ 1,905,000
Maximum Permissible Leverage Ratio	175%
Minimum Net Worth Required for Compliance	$ 4,040,000
Existing Leverage Ratio	0.32
Tangible Net Worth	$ 6,370,000
Ability to repurchase common stock	3,630,000
Ability to pay dividends	2,330,000
Long-term line of credit	0
Letters of Credit Outstanding, Amount	$ 116,000
Debt Instrument, Interest Rate at Period End	6.10%
Feb 2023 Revolving Credit Facility Extension Agreement
Line of Credit Facility [Line Items]
Line of credit facility, maximum borrowing capacity		$ 1,905,000
Line of credit facility, additional borrowing capacity amount		$ 3,000,000

Loans Payable, Senior Notes a_6

Loans Payable, Senior Notes and Mortgage Company Loan Facility Loans Payable - Other (Details Textual 3)	Apr. 30, 2023
Loans Payable [Member]
Debt Instrument [Line Items]
Debt, Weighted Average Interest Rate	4.22%

Loans Payable, Senior Notes a_7

Loans Payable, Senior Notes and Mortgage Company Loan Facility Senior Notes Payable (Details Textual 4) $ in Thousands			6 Months Ended
	Apr. 17, 2023 USD ($)	Nov. 15, 2021 USD ($)	Apr. 30, 2023 USD ($) debtissuances	Apr. 30, 2022 USD ($)	Oct. 31, 2022 USD ($)
Senior Note Payable (Textual) [Abstract]
Number of issuances of senior debt \| debtissuances			4
Repayments of Senior Debt			$ 400,000	$ 409,856
Senior notes			1,595,727		$ 1,995,271
Senior Notes [Member]
Senior Note Payable (Textual) [Abstract]
Debt Instrument, Face Amount			$ 1,600,000
5.875% Senior Notes due 2022
Senior Note Payable (Textual) [Abstract]
Repayments of Senior Debt		$ 409,900
Interest rate on notes			4.375%	5.875%
4.375% Senior Notes due 2023
Senior Note Payable (Textual) [Abstract]
Repayments of Senior Debt	$ 400,000

Loans Payable, Senior Notes a_8

Loans Payable, Senior Notes and Mortgage Company Loan Facility Mortgage Company Loan Facility (Details Textual 5) - USD ($) $ in Thousands	1 Months Ended
	Mar. 31, 2023	Apr. 30, 2022	Apr. 30, 2023	Oct. 31, 2022
Line of Credit Facility [Line Items]
Line of credit facility, maximum borrowing capacity			$ 4,435,404	$ 4,094,096
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, Interest Rate, Effective Percentage			6.80%
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%	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%	0.50%

Accrued Expenses (Details)

Accrued Expenses (Details) - USD ($) $ in Thousands	Apr. 30, 2023	Jan. 31, 2023	Oct. 31, 2022	Apr. 30, 2022	Jan. 31, 2022	Oct. 31, 2021
Accrued expenses
Land, land development, and construction	$ 418,048		$ 334,975
Compensation and employee benefits	170,448		223,609
Escrow liability associated with our wholly owned captive title company	40,459		44,115
Self-insurance	245,687		251,576
Warranty	149,395	$ 156,895	164,409	$ 143,991	$ 143,043	$ 145,062
Lease Liabilities	$ 142,901		$ 139,664
Operating Lease, Liability, Statement of Financial Position [Extensible Enumeration]	Accrued expenses, Total		Accrued expenses, Total
Deferred income	$ 47,846		$ 50,973
Interest	32,212		31,988
Commitments to unconsolidated entities	31,744		26,905
Other	55,457		77,773
Accrued expenses, Total	$ 1,334,197		$ 1,345,987

Accrued Expenses (Detail Textua

Accrued Expenses (Detail Textuals) - USD ($) $ in Thousands	45 Months Ended
Accrued Expenses (Detail Textuals) - USD ($) $ in Thousands	Jul. 31, 2020	Apr. 30, 2023	Jan. 31, 2023	Oct. 31, 2022	Apr. 30, 2022	Jan. 31, 2022	Oct. 31, 2021	Oct. 31, 2019
Loss Contingencies [Line Items]
Standard and Extended Product Warranty Accrual		$ 149,395	$ 156,895	$ 164,409	$ 143,991	$ 143,043	$ 145,062
Loss Contingency, Receivable		35,873		41,527
Water intrusion related [Member]
Loss Contingencies [Line Items]
Loss Contingency, Estimate of Possible Loss								$ 324,400
Standard and Extended Product Warranty Accrual		$ 44,200		$ 46,900
Other Assets [Member] \| Water intrusion related [Member]
Loss Contingencies [Line Items]
Product Liability Contingency, Third Party Recovery	$ 152,600

Accrued Expenses (Details 1)

Accrued Expenses (Details 1) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
Accrued Expenses (Details 1) - USD ($) $ in Thousands	Apr. 30, 2023	Apr. 30, 2022	Apr. 30, 2023	Apr. 30, 2022
Changes in the warranty accrual
Balance, beginning of year	$ 156,895	$ 143,043	$ 164,409	$ 145,062
Additions - homes closed during the period	10,084	13,745	17,270	23,200
Charges incurred	(17,511)	(13,512)	(34,307)	(27,943)
Balance, end of year	149,395	143,991	149,395	143,991
Warranty change, homes closed in prior period, other [Member]
Changes in the warranty accrual
Increase in accruals for homes closed in prior years - net	$ (73)	$ 715	$ 2,023	$ 3,672

Income Taxes (Details Textual)

Income Taxes (Details Textual) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
Income Taxes (Details Textual) - USD ($) $ in Thousands	Apr. 30, 2023	Apr. 30, 2022	Apr. 30, 2023	Apr. 30, 2022	Oct. 31, 2022
Income Taxes (Textual) [Abstract]
Income tax provision	$ 110,376	$ 75,222	$ 172,642	$ 124,134
Effective Income Tax Rate Reconciliation, Percent	25.60%	25.40%	25.20%	25%
Effective Income Tax Rate Reconciliation, State and Local Income Taxes, Percent			5.70%		5.60%
Unrecognized Tax Benefits	$ 5,800		$ 5,800

Stock-Based Benefit Plans (Deta

Stock-Based Benefit Plans (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Apr. 30, 2023	Apr. 30, 2022	Apr. 30, 2023	Apr. 30, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense recognized	$ 2,641	$ 3,405	$ 17,025	$ 17,020
Income tax benefit recognized	$ 666	$ 855	$ 4,304	$ 4,268

Stock-Based Benefit Plans (De_2

Stock-Based Benefit Plans (Details Textual) - USD ($) $ in Millions	Apr. 30, 2023	Oct. 31, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unamortized value of unvested stock-based compensation awards	$ 21.8	$ 15.5

Stockholders' Equity (Details)

Stockholders' Equity (Details) - $ / shares shares in Thousands	3 Months Ended		6 Months Ended
	Apr. 30, 2023	Apr. 30, 2022	Apr. 30, 2023	Apr. 30, 2022
Stock Repurchase Program [Abstract]
Number of shares purchased	1,443	2,205	1,630	5,219
Average price per share	$ 58.14	$ 48.30	$ 57.20	$ 56.01
Remaining authorization at April 30:	12,947	7,344	12,947	7,344

Stockholders' Equity (Details T

Stockholders' Equity (Details Textual) - $ / shares shares in Millions				3 Months Ended		6 Months Ended
	Mar. 09, 2023	Mar. 08, 2022	Mar. 09, 2021	Apr. 30, 2023	Apr. 30, 2022	Apr. 30, 2023	Apr. 30, 2022	May 17, 2022	Oct. 31, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock, dividends, declared and paid (in dollars per share)	$ 0.21	$ 0.20	$ 0.17	$ 0.21	$ 0.20	$ 0.41	$ 0.37
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		6 Months Ended
Stockholders' Equity (Details 1) - USD ($) $ in Thousands	Apr. 30, 2023	Apr. 30, 2022	Apr. 30, 2023	Apr. 30, 2022
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance			$ 37,618
Other Comprehensive Income (Loss), Net of Tax	$ (279)	$ 13,608	(3,743)	$ 18,310
Ending balance	33,875	19,419	33,875	19,419
Total AOCI ending balance	33,875	19,419	33,875	19,419
Defined Benefit Plan, Unfunded Plan [Member]
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	2,492	(5,685)	2,475	(6,024)
Losses reclassified from AOCI to net income (1)	24	451	47	903
Less: Tax benefit (2)	(6)	(113)	(12)	(226)
Net losses reclassified from AOCI to net income	18	338	35	677
Other Comprehensive Income (Loss), Net of Tax	18	338	35	677
Ending balance	2,510	(5,347)	2,510	(5,347)
Total AOCI ending balance	2,510	(5,347)	2,510	(5,347)
Interest Rate Swap [Member]
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	31,662	11,496	35,143	7,133
Other Comprehensive Income (Loss), Net of Tax	(297)	13,270	(3,778)	17,633
Ending balance	31,365	24,766	31,365	24,766
Gains (losses) on derivative instruments	588	17,616	(3,709)	23,363
Less: Tax (expense) benefit	(138)	(4,425)	948	(5,866)
Net gains (losses) on derivative instruments	450	13,191	(2,761)	17,497
(Gains) losses reclassified from AOCI to net income (3)	(1,000)	106	(1,362)	182
Less: Tax expense (benefit) (2)	253	(27)	345	(46)
Net (gains) losses reclassified from AOCI to net income	(747)	79	(1,017)	136
Total AOCI ending balance	$ 31,365	$ 24,766	$ 31,365	$ 24,766

Earnings Per Share Informatio_2

Earnings Per Share Information (Details) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Apr. 30, 2023	Apr. 30, 2022	Apr. 30, 2023	Apr. 30, 2022
Earnings Per Share [Abstract]
Net income as reported	$ 320,216	$ 220,593	$ 511,746	$ 372,497
Basic weighted-average shares (in shares)	111,214	117,839	111,306	119,418
Common stock equivalents (in shares)	970	1,086	954	1,473
Diluted weighted-average shares (in shares)	112,184	118,925	112,260	120,891
Debt Instrument [Line Items]
Shares issued under stock incentive and employee stock purchase plans (in shares)	103	17	1,437	424
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)	168	214	334	209

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	Apr. 30, 2023	Oct. 31, 2022
Forward Contracts [Member] \| Residential Mortgage [Member]
Summary of assets and (liabilities), measured at fair value on a recurring basis
Derivative Asset	$ 1,396	$ 9,184
Interest Rate Swap [Member]
Summary of assets and (liabilities), measured at fair value on a recurring basis
Derivative Asset	33,214	45,010
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	112,603	185,150
Interest Rate Lock Commitments [Member] \| Forward Contracts [Member]
Summary of assets and (liabilities), measured at fair value on a recurring basis
Derivative Asset	2,884	17,734
Interest Rate Lock Commitments [Member]
Summary of assets and (liabilities), measured at fair value on a recurring basis
Derivative Liability	$ (2,884)	$ (17,734)

Fair Value Disclosures (Level_2

Fair Value Disclosures (Level 4 loan UPB vs FV) (Details 1) - USD ($) $ in Thousands	Apr. 30, 2023	Oct. 31, 2022
Aggregate unpaid principal and fair value of mortgage loans held for sale
Mortgage Loans on Real Estate, Commercial and Consumer, Net	$ 112,603	$ 185,150
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	115,286	193,746
Mortgage Loans on Real Estate, Commercial and Consumer, Net	112,603	185,150
Fair Value, Option, Aggregate Differences, Loans and Long-term Receivables	$ (2,683)	$ (8,596)

Fair Value Disclosures (Level_3

Fair Value Disclosures (Level 4 debt fv) (Details 2) - USD ($) $ in Thousands	Apr. 30, 2023	Oct. 31, 2022
Book value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt Instrument, Fair Value Disclosure	$ 2,842,358	$ 3,335,906
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	1,139,869	1,187,043
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	102,489	148,863
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	1,600,000	2,000,000
Estimate fair value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt Instrument, Fair Value Disclosure	2,763,240	3,152,011
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	1,123,766	1,180,893
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	102,489	148,863
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	$ 1,536,985	$ 1,822,255

Fair Value Disclosures (Details

Fair Value Disclosures (Details Textual) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Apr. 30, 2023	Apr. 30, 2022	Apr. 30, 2023	Apr. 30, 2022
Fair value inputs, assets, quantitative information [Line Items]
Inventory Write-down	$ 11,069	$ 2,192	$ 19,073	$ 4,425
Land Owned for Future Communities [Member]
Fair value inputs, assets, quantitative information [Line Items]
Inventory Write-down	$ 325	$ 0	$ 325	$ 1,440

Other Income - Net (Details)

Other Income - Net (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
Other Income - Net (Details) - USD ($) $ in Thousands	Apr. 30, 2023	Apr. 30, 2022	Apr. 30, 2023	Apr. 30, 2022
Other Nonoperating Income By Component [Line Items]
Income (loss) from ancillary businesses	$ 2,858	$ 12,334	$ (91)	$ 14,294
Management fee income earned by home building operations	2,506,979	2,277,541	4,287,148	4,068,622
Other	6,663	(2,147)	13,441	(1,733)
Total other income - net	10,180	11,224	43,095	14,936
Revenues and expenses of non-core ancillary businesses
Revenues	33,275	31,890	61,181	59,586
Expenses	30,417	19,556	61,272	45,292
Other Income
Other Nonoperating Income By Component [Line Items]
Gain (Loss) Related to Litigation Settlement	0	0	27,683	0
Management Fee [Member]
Other Nonoperating Income By Component [Line Items]
Management fee income earned by home building operations	$ 659	$ 1,037	$ 2,062	$ 2,375

Other Income - Net (Details Tex

Other Income - Net (Details Textual) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Apr. 30, 2023	Apr. 30, 2022	Apr. 30, 2023	Apr. 30, 2022
Schedule of Equity Method Investments [Line Items]
Income from Ancillary Businesses, net	$ 2,858	$ 12,334	$ (91)	$ 14,294
Security Monitoring Business
Schedule of Equity Method Investments [Line Items]
Gain (Loss) on Disposition of Other Assets		9,000		9,000
Apartment living [Member]
Schedule of Equity Method Investments [Line Items]
Income from Ancillary Businesses, net	$ 6,400	$ 4,800	$ 12,600	$ 9,600

Commitments and Contingencies_2

Commitments and Contingencies (Details) - USD ($) $ in Thousands	Apr. 30, 2023	Oct. 31, 2022
Company's land purchase commitments
Purchase obligation	$ 4,065,223	$ 4,321,717
Land Purchase Commitment To Unrelated Party [Member]
Company's land purchase commitments
Purchase obligation	4,031,720	4,279,660
Land Purchase Commitment To JV [Member]
Company's land purchase commitments
Purchase obligation	33,503	42,057
Land Parcel Purchase Commitment [Member]
Company's land purchase commitments
Deposits against aggregate purchase commitments	450,800	463,452
Additional cash required to acquire land	3,614,423	3,858,265
Amount of Additional Cash Required to Acquire Land Included in Accrued Expenses	$ 119,141	$ 34,994

Commitments and Contingencies_3

Commitments and Contingencies (Details Textual 1) $ in Thousands	Apr. 30, 2023 USD ($) home_sites	Oct. 31, 2022 USD ($)
Long-term Purchase Commitment [Line Items]
Purchase obligation	$ 4,065,223	$ 4,321,717
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	$ 330,800
Deposits against aggregate purchase commitments	$ 13,200
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	8,400

Commitments and Contingencies_4

Commitments and Contingencies (Details Textual 2) $ in Thousands	Apr. 30, 2023 USD ($) luxury_homes
Backlog Information [Abstract]
Number of homes to be delivered (in ones) \| luxury_homes	7,574
Aggregate sales value of outstanding homes to be delivered	$ 8,380,000
Oct 2021 Revolving Credit Facility Extension Agreement
Loss Contingencies [Line Items]
Outstanding letter of credit	116,000
Surety Bond Construction Improvements [Member]
Loss Contingencies [Line Items]
Outstanding Surety Bonds Amount	836,600
Amount of work remains on improvements in the Company's various communities	344,200
Surety Bond Other Obligations [Member]
Loss Contingencies [Line Items]
Additional outstanding surety bonds	303,900
Financial Guarantee
Loss Contingencies [Line Items]
Outstanding Surety Bonds Amount	$ 25,700

Commitments and Contingencies_5

Commitments and Contingencies (Details 1) - Loan Origination Commitments [Member] - USD ($) $ in Thousands	Apr. 30, 2023	Oct. 31, 2022
Company's mortgage commitments
Unused Commitments to Extend Credit	$ 2,482,691	$ 3,098,694
Investor commitments to purchase	558,162	856,297
Interest Rate Lock Commitments [Member]
Company's mortgage commitments
Unused Commitments to Extend Credit	452,156	669,631
Investor commitments to purchase	452,156	669,631
Non Interest Rate Lock Commitments [Member]
Company's mortgage commitments
Unused Commitments to Extend Credit	2,030,535	2,429,063
Mortgage Receivable [Member]
Company's mortgage commitments
Investor commitments to purchase	$ 106,006	$ 186,666

Information on Segments (Detail

Information on Segments (Details Textual) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Apr. 30, 2023	Apr. 30, 2022	Apr. 30, 2023	Apr. 30, 2022
Segment Reporting Information [Line Items]
Inventory Write-down	$ 11,069	$ 2,192	$ 19,073	$ 4,425
Traditional Homebuilding [Member]
Segment Reporting Information [Line Items]
Inventory Write-down	11,069	2,192	19,073	4,425
North [Member] \| Traditional Homebuilding [Member]
Segment Reporting Information [Line Items]
Inventory Write-down	290	443	431	769
Mid-Atlantic [Member] \| Traditional Homebuilding [Member]
Segment Reporting Information [Line Items]
Inventory Write-down	5,080	706	6,320	1,145
Pacific [Member] \| Traditional Homebuilding [Member]
Segment Reporting Information [Line Items]
Inventory Write-down	182	235	6,223	1,458
Land and Land Improvements
Segment Reporting Information [Line Items]
Inventory Write-down	4,700	$ 5,200	17,700	$ 5,200
Land and Land Improvements \| Corporate and other [Member]
Segment Reporting Information [Line Items]
Inventory Write-down	2,500		2,500
Land and Land Improvements \| North [Member]
Segment Reporting Information [Line Items]
Inventory Write-down			2,700
Land and Land Improvements \| Mid-Atlantic [Member]
Segment Reporting Information [Line Items]
Inventory Write-down			10,300
Land and Land Improvements \| Pacific [Member]
Segment Reporting Information [Line Items]
Inventory Write-down	$ 2,200		$ 2,200

Information on Segments (Deta_2

Information on Segments (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
Information on Segments (Details) - USD ($) $ in Thousands	Apr. 30, 2023	Apr. 30, 2022	Apr. 30, 2023	Apr. 30, 2022	Oct. 31, 2022
Revenues
Revenues	$ 2,506,979	$ 2,277,541	$ 4,287,148	$ 4,068,622
Income (loss) before income taxes
Income before income taxes	430,592	295,815	684,388	496,631
Total assets
Total assets	11,989,476		11,989,476		$ 12,288,714
Inventory Write-down	11,069	2,192	19,073	4,425
Corporate and other [Member]
Revenues
Revenues	(260)	(2,032)	(610)	(3,459)
Income (loss) before income taxes
Income before income taxes	(64,945)	(63,418)	(89,433)	(98,360)
Total assets
Total assets	2,057,764		2,057,764		2,677,440
Traditional Homebuilding [Member]
Revenues
Revenues	2,490,358	2,188,561	4,240,130	3,877,340
Income (loss) before income taxes
Income before income taxes	495,537	359,233	773,821	594,991
Total assets
Total assets	9,931,712		9,931,712		9,611,274
Inventory Write-down	11,069	2,192	19,073	4,425
North [Member] \| Traditional Homebuilding [Member]
Revenues
Revenues	381,316	398,907	704,110	754,041
Income (loss) before income taxes
Income before income taxes	50,922	50,717	87,556	96,384
Total assets
Total assets	1,394,986		1,394,986		1,464,995
Inventory Write-down	290	443	431	769
Mid-Atlantic [Member] \| Traditional Homebuilding [Member]
Revenues
Revenues	309,587	268,250	498,704	511,127
Income (loss) before income taxes
Income before income taxes	64,428	43,837	87,351	77,285
Total assets
Total assets	1,143,351		1,143,351		1,049,043
Inventory Write-down	5,080	706	6,320	1,145
South [Member] \| Traditional Homebuilding [Member]
Revenues
Revenues	519,351	326,351	912,232	569,870
Income (loss) before income taxes
Income before income taxes	88,721	42,974	141,167	65,551
Total assets
Total assets	2,371,522		2,371,522		2,137,568
Inventory Write-down	30	466	481	609
Mountain [Member] \| Traditional Homebuilding [Member]
Revenues
Revenues	674,234	653,558	1,154,446	1,115,858
Income (loss) before income taxes
Income before income taxes	133,942	104,962	221,246	175,973
Total assets
Total assets	2,781,482		2,781,482		2,785,603
Inventory Write-down	5,487	342	5,618	444
Pacific [Member] \| Traditional Homebuilding [Member]
Revenues
Revenues	605,870	541,495	970,638	926,444
Income (loss) before income taxes
Income before income taxes	157,524	116,743	236,501	179,798
Total assets
Total assets	2,240,371		2,240,371		$ 2,174,065
Inventory Write-down	182	235	6,223	1,458
Home Building [Member]
Revenues
Revenues	2,490,098	2,186,529	4,239,520	3,873,881
Land and Land Improvements
Total assets
Inventory Write-down	4,700	$ 5,200	17,700	$ 5,200
Land and Land Improvements \| Corporate and other [Member]
Total assets
Inventory Write-down	2,500		2,500
Land and Land Improvements \| North [Member]
Total assets
Inventory Write-down			2,700
Land and Land Improvements \| Mid-Atlantic [Member]
Total assets
Inventory Write-down			10,300
Land and Land Improvements \| Pacific [Member]
Total assets
Inventory Write-down	$ 2,200		$ 2,200

Supplemental Disclosure to Co_3

Supplemental Disclosure to Condensed Consolidated Statements of Cash Flows (Details) - USD ($) $ in Thousands	6 Months Ended
	Apr. 30, 2023	Apr. 30, 2022	Oct. 31, 2022	Oct. 31, 2021
Cash flow information:
Income tax paid – net	$ 291,196	$ 131,658
Noncash activity:
Cost of inventory acquired through seller financing, municipal bonds, or included in accrued expenses - net	110,759	180,576
Accrued treasury share purchases	0	8,003
Transfer of other assets to investment in unconsolidated entities - net	2,765	55,202
Transfer of other assets to property, construction and office equipment - net	12,268	0
Unrealized (loss) gain on derivatives	(11,796)	23,731
Cash, cash equivalents, and restricted cash
Cash and cash equivalents	761,945	535,038	$ 1,346,754
Restricted cash included in receivables, prepaid expenses, and other assets	47,716	52,863
Total cash, cash equivalents, and restricted cash shown on the Condensed Consolidated Statements of Cash Flows	$ 809,661	$ 587,901	$ 1,398,550	$ 1,684,412