Solid = actual annualized permits. Dashed = 20-year linear-trend projection; shaded band = ±1 std-dev of historical residuals.
Flat trajectory -- development activity is roughly steady, neither accelerating nor contracting.
By 2046, the trend projects roughly 23 permits/yr (range 12–35) and about $71.5M/yr in project value. Projection is a directional trend on noisy permit data, not a guarantee.