You now can start a gravel delivery business with no overhead of having to quarry and crush rock. Massive profits while you undercut your competitors. Your rock gets magically delivered on Sundays you give all your employees off. A (magically) honest living.
I’d hope your 7” travel would be counted the trailing edge of your body in the direction of travel front to rear, so a full 7”. Measured from shoetip start to heel end. Most walls in stickbuilt homes are only ~4 1/4” thick, you could teleport through those. If only from tip of shoe to tip of shoe, you’re right. You’d teleport inside your own space. Kinda useless.