Lower Home Sales = Lower GDP

In recent years, home sales have been a primary driver of the economy, accounting for a relatively large percentage of U.S. Gross Domestic Product. As home sales slow, GDP is reduced as the broader economy slows.

Source: International Strategy & Investment. Data as of 06/30/06. This chart is not indicative of the past or future performance of any Allianz Global Investors product. Gross Domestic Product (GDP) is the value of all final goods and services produced in a specific country. It is the broadest measure of economic activity and the principal indicator of economic performance. © 2007 Allianz Global Investors Distributors LLC, 1345 Avenue of the Americas, New York, NY, 10105-4800, www.allianzinvestors.com, 1-888-877-4626.
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