Markets will benefit from housing next year: Pro

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.

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LaVorgna also said that the lack of credit within the housing market contributed to its lackluster contribution to market growth.

LaVorgna added that housing's current situation only sets up the markets for an even better year in 2015. "When financing comes back, you'll see housing do better," he said.

Dan Morris, managing director of TIAA-CREF, said in the same interview that growing investor interest in the U.S. will help continue market momentum. "There's been more investor interest with this latest GDP figure," he said. "People are starting to realize how well the U.S. economy is doing."

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Morris also added that he would be looking at opportunities within developed markets in Japan. "There's a commitment to reform in Japan that you don't see in most parts of Europe," he said.

Tobias Levkovich, Citi Group's chief U.S. equity strategist said in another interview with CNBC's "Squawk on the Street" on Tuesday that he expects large-cap stocks to outperform small-cap stocks in 2015. "We reiterated that good things still don't come in small packages," he said.

"Our sense is that we're going to see continued pressure on small-cap stocks, even though people are worried about the dollar and how it's going to affect large-cap stocks.