U.S. markets fared well this year.
The year 2014 has seen record gains in many of its indexes, including the Dow Jones industrial average breaking the 18,000-point plateau. Housing has not been a big contributor to this year's markets surge, said Joe LaVorgna, managing director of Deutsche Bank Securities, in an interview with CNBC's "Squawk on The Street" on Tuesday.
"I would have thought housing would have been a bigger contributor, and it wasn't," LaVorgna said. He also added that housing did not play a big role in markets' growth this year because of the sector's poor performance in this year's first quarter, due largely in part to the harsh weather.