{"id":2324,"date":"2021-07-01T23:50:26","date_gmt":"2021-07-01T23:50:26","guid":{"rendered":"https:\/\/preprod.realtrends.com\/blog\/2021\/07\/01\/new-housing-permits-reach-2007-peak-but-cooling-slightly\/"},"modified":"2025-03-13T02:37:58","modified_gmt":"2025-03-13T02:37:58","slug":"new-housing-permits-reach-2007-peak-but-cooling-slightly","status":"publish","type":"post","link":"https:\/\/preprod.realtrends.com\/blog\/2021\/07\/01\/new-housing-permits-reach-2007-peak-but-cooling-slightly\/","title":{"rendered":"New housing permits reach 2007 peak, but cooling slightly"},"content":{"rendered":"\n<p>New housing permits increased by 14% in 2020, reaching the highest number of building permits issued since 2007. But, it isn&#8217;t even a dent in the record housing shortage of at least 5.5 million homes, according to Chief Economist for <strong>Windermere Real Estate<\/strong> <a href=\"https:\/\/www.windermere.com\/market-update\" target=\"_blank\" rel=\"noreferrer noopener\">Matthew Gardner<\/a>. <\/p>\n\n\n\n<p>Gardner was a featured speaker at the <strong><a href=\"https:\/\/preprod.realtrends.com\/blog\/gathering-of-eagles\/\" target=\"_blank\" rel=\"noreferrer noopener\">RealTrends Gathering of Eagles<\/a><\/strong>, recently held at <strong>The Broadmoor Hotel <\/strong>in Colorado Springs. <\/p>\n\n\n\n<p>In fact, nearly 1 million new homes were added to the U.S. market in 2020, primarily in the Texas metro areas of Houston-TheWoodlands-Sugar Land, Dallas-Fort Worth-Arlington, and Austin-Round Rock-Georgetown. Other hot spots included Arizona\u2019s Phoenix-Mesa-Chandler and Georgia\u2019s Atlanta-Sandy Springs-Alpharetta metro areas.<\/p>\n\n\n\n<p>According to the <strong>NeighborWho<\/strong> report, the top two contributing factors for this increase were historically low mortgage interest rates due to the pandemic and a desire to move to new locales. However, evidence already shows this upward trend of new home starts has started to ebb, albeit very slightly.<\/p>\n\n\n\n<p>\u201cBasically, what we saw was a decline in the spring of 2020 with a real strong rebound in the second half of 2020,\u201d said Robert Dietz, chief economist for the <strong>National Association of Home Builders<\/strong>. \u201cThe rate of builders seeking permits and the measure of builder confidence peaked last year in the fourth quarter. Our <strong>NAHB\/Wells Fargo Housing Market Index<\/strong> (measuring the pulse of the single-family housing market) peaked in November at 90 out of 100. It has since come down to 81, and the reason for that is the higher material costs and the shortage of building materials.\u201d Gardner chooses to count housing starts when the foundation is poured rather than when permits are pulled. <\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h-lumber-prices-slowly-go-down\">Lumber prices slowly go down<\/h4>\n\n\n\n<p>Since reaching an all-time high of $1,515 per 1,000 board feet on May 28, lumber prices are now down 20%, which could alleviate some of those higher material costs. In fact, Dietz said the NAHB expects lumber costs to drop below $1,000, maybe to $750, but reiterates that is still more than twice the lumber costs in April 2020.<\/p>\n\n\n\n<p>Dietz also points out lumber isn\u2019t the only building material in high demand. \u201c95% of builders are reporting shortages of appliances,\u201d he said. \u201cOSB (particle board) prices are up 300% to 400%.\u201d He\u2019s also hearing about shortages of paint, windows and doors.<\/p>\n\n\n\n<p>According to a report released by NAHB in June, overall building permits decreased 3% to a 1.68 million unit annualized rate in May, with a 1.6% decrease in single-family, new housing permits.<\/p>\n\n\n\n<p>\u201cWhat we\u2019re seeing is a really strong pace of demand,\u201d Dietz said. \u201cBuilders built and tried to add to inventory last year, and as those prices went up, there\u2019s been a slight pull back in the intended pace of that homebuilding. We can see that in the permit data, starts data and builder confidence. We think we\u2019re going to kind of cool back to the long-term trend that was in place before the start of 2020.\u201d &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<\/p>\n\n\n\n<p>That long-term trend would be construction growth for single-family homes to address the current shortage of homes in the United States. \u201cWe also need additional apartment construction, so we expect to see apartment construction to increase,\u201d Dietz says. Because the average age of a single-family home is about 39 years old, Dietz said he also expects to see an increase in remodeling projects.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h-long-term-challenges\">Long-term challenges<\/h4>\n\n\n\n<p>While short-term challenges include material shortages, Dietz said long-term challenges including getting access to land, receiving zoning approvals and addressing the construction industry labor shortage will continue to affect single-family home construction.<\/p>\n\n\n\n<p>\u201cThe challenge for the market will be one of housing affordability [because] those existing home prices are up so high, construction material pricing has gone up and the expectation over the next year or two years is that interest rates will move higher as well,\u201d Dietz said.<\/p>\n\n\n\n<p>Although new home pricing didn\u2019t go up as much as existing home prices in 2020\u20145% versus 12% year over year\u2014new home pricing has accelerated to 20% year over year reflecting the higher building costs, Dietz said. \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/p>\n\n\n\n<p>\u201cBuilders were really disciplined in making sure new homes didn\u2019t get priced out of the market, but, at some point, you have to go up because of those higher costs,\u201d he said.&nbsp;<\/p>\n\n\n\n<p>Despite those slightly lower permit numbers, Dietz said single-family home construction will remain strong. \u201cWe expect to see at least a 10% gain in 2021 in single-family housing starts, which is sustainable to alleviate the housing inventory deficit.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New housing permits increased by 14% in 2020, reaching the highest number of building permits issued since 2007. But, it isn&#8217;t even a dent in the record housing shortage of at least 5.5 million homes, according to Chief Economist for Windermere Real Estate Matthew Gardner.<\/p>\n","protected":false},"author":15802,"featured_media":4822,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3255],"tags":[],"coauthors":[1372],"class_list":["post-2324","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-archive"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v25.4 (Yoast SEO v26.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>New housing permits reach 2007 peak, but cooling slightly - RealTrends - Blog<\/title>\n<meta name=\"description\" content=\"New housing permits increased by 14% in 2020. But, it isn&#039;t even a dent in the record housing shortage says Econmist Matthew Gardner.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/preprod.realtrends.com\/blog\/2021\/07\/01\/new-housing-permits-reach-2007-peak-but-cooling-slightly\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"New housing permits reach 2007 peak, but cooling slightly\" \/>\n<meta property=\"og:description\" content=\"New housing permits increased by 14% in 2020. But, it isn&#039;t even a dent in the record housing shortage says Econmist Matthew Gardner.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/preprod.realtrends.com\/blog\/2021\/07\/01\/new-housing-permits-reach-2007-peak-but-cooling-slightly\/\" \/>\n<meta property=\"og:site_name\" content=\"RealTrends - Blog\" \/>\n<meta property=\"og:image\" content=\"https:\/\/preprod.realtrends.com\/blog\/wp-content\/uploads\/sites\/9\/2025\/03\/9ced5ef4-69ab-4ba7-a7cd-ec49be7b274d.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"675\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Karon Warren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@traceyveltFL\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Karon Warren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/preprod.realtrends.com\/blog\/2021\/07\/01\/new-housing-permits-reach-2007-peak-but-cooling-slightly\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/preprod.realtrends.com\/blog\/2021\/07\/01\/new-housing-permits-reach-2007-peak-but-cooling-slightly\/\"},\"author\":{\"name\":\"Tracey Velt\",\"@id\":\"https:\/\/preprod.realtrends.com\/blog\/#\/schema\/person\/c77c9a1ce6568611329a6cc5a1a64d7d\"},\"headline\":\"New housing permits reach 2007 peak, but cooling slightly\",\"datePublished\":\"2021-07-01T23:50:26+00:00\",\"dateModified\":\"2025-03-13T02:37:58+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/preprod.realtrends.com\/blog\/2021\/07\/01\/new-housing-permits-reach-2007-peak-but-cooling-slightly\/\"},\"wordCount\":737,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/preprod.realtrends.com\/blog\/#organization\"},\"image\":{\"@id\":\"https:\/\/preprod.realtrends.com\/blog\/2021\/07\/01\/new-housing-permits-reach-2007-peak-but-cooling-slightly\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/preprod.realtrends.com\/blog\/wp-content\/uploads\/sites\/9\/2025\/03\/9ced5ef4-69ab-4ba7-a7cd-ec49be7b274d.png\",\"articleSection\":[\"Archive\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/preprod.realtrends.com\/blog\/2021\/07\/01\/new-housing-permits-reach-2007-peak-but-cooling-slightly\/#respond\"]}],\"isAccessibleForFree\":\"False\",\"hasPart\":{\"@type\":\"WebPageElement\",\"isAccessibleForFree\":\"False\",\"cssSelector\":\".wp-block-housingwire-piano-member\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/preprod.realtrends.com\/blog\/2021\/07\/01\/new-housing-permits-reach-2007-peak-but-cooling-slightly\/\",\"url\":\"https:\/\/preprod.realtrends.com\/blog\/2021\/07\/01\/new-housing-permits-reach-2007-peak-but-cooling-slightly\/\",\"name\":\"New housing permits reach 2007 peak, but cooling slightly - RealTrends - Blog\",\"isPartOf\":{\"@id\":\"https:\/\/preprod.realtrends.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/preprod.realtrends.com\/blog\/2021\/07\/01\/new-housing-permits-reach-2007-peak-but-cooling-slightly\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/preprod.realtrends.com\/blog\/2021\/07\/01\/new-housing-permits-reach-2007-peak-but-cooling-slightly\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/preprod.realtrends.com\/blog\/wp-content\/uploads\/sites\/9\/2025\/03\/9ced5ef4-69ab-4ba7-a7cd-ec49be7b274d.png\",\"datePublished\":\"2021-07-01T23:50:26+00:00\",\"dateModified\":\"2025-03-13T02:37:58+00:00\",\"description\":\"New housing permits increased by 14% in 2020. But, it isn't even a dent in the record housing shortage says Econmist Matthew Gardner.\",\"breadcrumb\":{\"@id\":\"https:\/\/preprod.realtrends.com\/blog\/2021\/07\/01\/new-housing-permits-reach-2007-peak-but-cooling-slightly\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/preprod.realtrends.com\/blog\/2021\/07\/01\/new-housing-permits-reach-2007-peak-but-cooling-slightly\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/preprod.realtrends.com\/blog\/2021\/07\/01\/new-housing-permits-reach-2007-peak-but-cooling-slightly\/#primaryimage\",\"url\":\"https:\/\/preprod.realtrends.com\/blog\/wp-content\/uploads\/sites\/9\/2025\/03\/9ced5ef4-69ab-4ba7-a7cd-ec49be7b274d.png\",\"contentUrl\":\"https:\/\/preprod.realtrends.com\/blog\/wp-content\/uploads\/sites\/9\/2025\/03\/9ced5ef4-69ab-4ba7-a7cd-ec49be7b274d.png\",\"width\":1200,\"height\":675,\"caption\":\"9ced5ef4-69ab-4ba7-a7cd-ec49be7b274d\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/preprod.realtrends.com\/blog\/2021\/07\/01\/new-housing-permits-reach-2007-peak-but-cooling-slightly\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/preprod.realtrends.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"New housing permits reach 2007 peak, but cooling slightly\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/preprod.realtrends.com\/blog\/#website\",\"url\":\"https:\/\/preprod.realtrends.com\/blog\/\",\"name\":\"RealTrends - Blog\",\"description\":\"Empowering Real Estate Decisions with Trusted Insights.\",\"publisher\":{\"@id\":\"https:\/\/preprod.realtrends.com\/blog\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/preprod.realtrends.com\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/preprod.realtrends.com\/blog\/#organization\",\"name\":\"RealTrends - Blog\",\"url\":\"https:\/\/preprod.realtrends.com\/blog\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/preprod.realtrends.com\/blog\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/preprod.realtrends.com\/blog\/wp-content\/uploads\/sites\/9\/2025\/03\/cropped-RTV_Horizontal_logo_Blue.png\",\"contentUrl\":\"https:\/\/preprod.realtrends.com\/blog\/wp-content\/uploads\/sites\/9\/2025\/03\/cropped-RTV_Horizontal_logo_Blue.png\",\"width\":2321,\"height\":227,\"caption\":\"RealTrends - Blog\"},\"image\":{\"@id\":\"https:\/\/preprod.realtrends.com\/blog\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/preprod.realtrends.com\/blog\/#\/schema\/person\/c77c9a1ce6568611329a6cc5a1a64d7d\",\"name\":\"Tracey Velt\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/preprod.realtrends.com\/blog\/#\/schema\/person\/image\/9b3cf1be6b1fb876ab0bd60ce0a485d0\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/ae51367450666ac65e816c5ed48f71a6aebe0ed43ea74c1f16500d37c0efc141?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/ae51367450666ac65e816c5ed48f71a6aebe0ed43ea74c1f16500d37c0efc141?s=96&d=mm&r=g\",\"caption\":\"Tracey Velt\"},\"description\":\"Tracey Velt is the Senior Director of Data &amp; Content. She is the host of the popular RealTrending podcast, manages content for the real estate team and The Gathering and leads editorial and sponsored research across the HW Media brands. Tracey has more than 25 years of experience writing and editing for the real estate industry and is the former editor in chief of Florida Realtor magazine. She resides in Florida.\",\"sameAs\":[\"https:\/\/www.linkedin.com\/in\/traceyvelt\/\",\"https:\/\/x.com\/traceyveltFL\"],\"url\":\"https:\/\/preprod.realtrends.com\/blog\/author\/tvelt\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"New housing permits reach 2007 peak, but cooling slightly - RealTrends - Blog","description":"New housing permits increased by 14% in 2020. But, it isn't even a dent in the record housing shortage says Econmist Matthew Gardner.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/preprod.realtrends.com\/blog\/2021\/07\/01\/new-housing-permits-reach-2007-peak-but-cooling-slightly\/","og_locale":"en_US","og_type":"article","og_title":"New housing permits reach 2007 peak, but cooling slightly","og_description":"New housing permits increased by 14% in 2020. But, it isn't even a dent in the record housing shortage says Econmist Matthew Gardner.","og_url":"https:\/\/preprod.realtrends.com\/blog\/2021\/07\/01\/new-housing-permits-reach-2007-peak-but-cooling-slightly\/","og_site_name":"RealTrends - Blog","og_image":[{"width":1200,"height":675,"url":"https:\/\/preprod.realtrends.com\/blog\/wp-content\/uploads\/sites\/9\/2025\/03\/9ced5ef4-69ab-4ba7-a7cd-ec49be7b274d.png","type":"image\/png"}],"author":"Karon Warren","twitter_card":"summary_large_image","twitter_creator":"@traceyveltFL","twitter_misc":{"Written by":"Karon Warren","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/preprod.realtrends.com\/blog\/2021\/07\/01\/new-housing-permits-reach-2007-peak-but-cooling-slightly\/#article","isPartOf":{"@id":"https:\/\/preprod.realtrends.com\/blog\/2021\/07\/01\/new-housing-permits-reach-2007-peak-but-cooling-slightly\/"},"author":{"name":"Tracey Velt","@id":"https:\/\/preprod.realtrends.com\/blog\/#\/schema\/person\/c77c9a1ce6568611329a6cc5a1a64d7d"},"headline":"New housing permits reach 2007 peak, but cooling slightly","datePublished":"2021-07-01T23:50:26+00:00","dateModified":"2025-03-13T02:37:58+00:00","mainEntityOfPage":{"@id":"https:\/\/preprod.realtrends.com\/blog\/2021\/07\/01\/new-housing-permits-reach-2007-peak-but-cooling-slightly\/"},"wordCount":737,"commentCount":0,"publisher":{"@id":"https:\/\/preprod.realtrends.com\/blog\/#organization"},"image":{"@id":"https:\/\/preprod.realtrends.com\/blog\/2021\/07\/01\/new-housing-permits-reach-2007-peak-but-cooling-slightly\/#primaryimage"},"thumbnailUrl":"https:\/\/preprod.realtrends.com\/blog\/wp-content\/uploads\/sites\/9\/2025\/03\/9ced5ef4-69ab-4ba7-a7cd-ec49be7b274d.png","articleSection":["Archive"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/preprod.realtrends.com\/blog\/2021\/07\/01\/new-housing-permits-reach-2007-peak-but-cooling-slightly\/#respond"]}],"isAccessibleForFree":"False","hasPart":{"@type":"WebPageElement","isAccessibleForFree":"False","cssSelector":".wp-block-housingwire-piano-member"}},{"@type":"WebPage","@id":"https:\/\/preprod.realtrends.com\/blog\/2021\/07\/01\/new-housing-permits-reach-2007-peak-but-cooling-slightly\/","url":"https:\/\/preprod.realtrends.com\/blog\/2021\/07\/01\/new-housing-permits-reach-2007-peak-but-cooling-slightly\/","name":"New housing permits reach 2007 peak, but cooling slightly - RealTrends - Blog","isPartOf":{"@id":"https:\/\/preprod.realtrends.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/preprod.realtrends.com\/blog\/2021\/07\/01\/new-housing-permits-reach-2007-peak-but-cooling-slightly\/#primaryimage"},"image":{"@id":"https:\/\/preprod.realtrends.com\/blog\/2021\/07\/01\/new-housing-permits-reach-2007-peak-but-cooling-slightly\/#primaryimage"},"thumbnailUrl":"https:\/\/preprod.realtrends.com\/blog\/wp-content\/uploads\/sites\/9\/2025\/03\/9ced5ef4-69ab-4ba7-a7cd-ec49be7b274d.png","datePublished":"2021-07-01T23:50:26+00:00","dateModified":"2025-03-13T02:37:58+00:00","description":"New housing permits increased by 14% in 2020. But, it isn't even a dent in the record housing shortage says Econmist Matthew Gardner.","breadcrumb":{"@id":"https:\/\/preprod.realtrends.com\/blog\/2021\/07\/01\/new-housing-permits-reach-2007-peak-but-cooling-slightly\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/preprod.realtrends.com\/blog\/2021\/07\/01\/new-housing-permits-reach-2007-peak-but-cooling-slightly\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/preprod.realtrends.com\/blog\/2021\/07\/01\/new-housing-permits-reach-2007-peak-but-cooling-slightly\/#primaryimage","url":"https:\/\/preprod.realtrends.com\/blog\/wp-content\/uploads\/sites\/9\/2025\/03\/9ced5ef4-69ab-4ba7-a7cd-ec49be7b274d.png","contentUrl":"https:\/\/preprod.realtrends.com\/blog\/wp-content\/uploads\/sites\/9\/2025\/03\/9ced5ef4-69ab-4ba7-a7cd-ec49be7b274d.png","width":1200,"height":675,"caption":"9ced5ef4-69ab-4ba7-a7cd-ec49be7b274d"},{"@type":"BreadcrumbList","@id":"https:\/\/preprod.realtrends.com\/blog\/2021\/07\/01\/new-housing-permits-reach-2007-peak-but-cooling-slightly\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/preprod.realtrends.com\/blog\/"},{"@type":"ListItem","position":2,"name":"New housing permits reach 2007 peak, but cooling slightly"}]},{"@type":"WebSite","@id":"https:\/\/preprod.realtrends.com\/blog\/#website","url":"https:\/\/preprod.realtrends.com\/blog\/","name":"RealTrends - Blog","description":"Empowering Real Estate Decisions with Trusted Insights.","publisher":{"@id":"https:\/\/preprod.realtrends.com\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/preprod.realtrends.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/preprod.realtrends.com\/blog\/#organization","name":"RealTrends - Blog","url":"https:\/\/preprod.realtrends.com\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/preprod.realtrends.com\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/preprod.realtrends.com\/blog\/wp-content\/uploads\/sites\/9\/2025\/03\/cropped-RTV_Horizontal_logo_Blue.png","contentUrl":"https:\/\/preprod.realtrends.com\/blog\/wp-content\/uploads\/sites\/9\/2025\/03\/cropped-RTV_Horizontal_logo_Blue.png","width":2321,"height":227,"caption":"RealTrends - Blog"},"image":{"@id":"https:\/\/preprod.realtrends.com\/blog\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/preprod.realtrends.com\/blog\/#\/schema\/person\/c77c9a1ce6568611329a6cc5a1a64d7d","name":"Tracey Velt","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/preprod.realtrends.com\/blog\/#\/schema\/person\/image\/9b3cf1be6b1fb876ab0bd60ce0a485d0","url":"https:\/\/secure.gravatar.com\/avatar\/ae51367450666ac65e816c5ed48f71a6aebe0ed43ea74c1f16500d37c0efc141?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/ae51367450666ac65e816c5ed48f71a6aebe0ed43ea74c1f16500d37c0efc141?s=96&d=mm&r=g","caption":"Tracey Velt"},"description":"Tracey Velt is the Senior Director of Data &amp; Content. She is the host of the popular RealTrending podcast, manages content for the real estate team and The Gathering and leads editorial and sponsored research across the HW Media brands. Tracey has more than 25 years of experience writing and editing for the real estate industry and is the former editor in chief of Florida Realtor magazine. She resides in Florida.","sameAs":["https:\/\/www.linkedin.com\/in\/traceyvelt\/","https:\/\/x.com\/traceyveltFL"],"url":"https:\/\/preprod.realtrends.com\/blog\/author\/tvelt\/"}]}},"jetpack_featured_media_url":"https:\/\/preprod.realtrends.com\/blog\/wp-content\/uploads\/sites\/9\/2025\/03\/9ced5ef4-69ab-4ba7-a7cd-ec49be7b274d.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/preprod.realtrends.com\/blog\/wp-json\/wp\/v2\/posts\/2324","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/preprod.realtrends.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/preprod.realtrends.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/preprod.realtrends.com\/blog\/wp-json\/wp\/v2\/users\/15802"}],"replies":[{"embeddable":true,"href":"https:\/\/preprod.realtrends.com\/blog\/wp-json\/wp\/v2\/comments?post=2324"}],"version-history":[{"count":1,"href":"https:\/\/preprod.realtrends.com\/blog\/wp-json\/wp\/v2\/posts\/2324\/revisions"}],"predecessor-version":[{"id":7094,"href":"https:\/\/preprod.realtrends.com\/blog\/wp-json\/wp\/v2\/posts\/2324\/revisions\/7094"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/preprod.realtrends.com\/blog\/wp-json\/wp\/v2\/media\/4822"}],"wp:attachment":[{"href":"https:\/\/preprod.realtrends.com\/blog\/wp-json\/wp\/v2\/media?parent=2324"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/preprod.realtrends.com\/blog\/wp-json\/wp\/v2\/categories?post=2324"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/preprod.realtrends.com\/blog\/wp-json\/wp\/v2\/tags?post=2324"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/preprod.realtrends.com\/blog\/wp-json\/wp\/v2\/coauthors?post=2324"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}