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Not much spring in housing: Economist

What's weighing on home buyers

Housing isn't going to provide as much of a boost to the economy as it did last year, Bank of America's Michelle Meyer said Monday.

"You have a stimulus and a support to the consumer from housing wealth, but there are big lags in that process as well," she said. "So, I think housing is a positive, but it's not the jolt to the economy that perhaps we were all hoping for."

Meyer, who is senior U.S. economist at Bank of America, revised her forecast for housing starts in 2014 to 1.03 million, down from a previous projection of 1.1 million.

Read More The ripple effects of housing's fading rebound

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