MISSISSAUGA, ON, March 18, 2024 /CNW/ - Morguard Corporation ("Morguard") (TSX: MRC) today released its 2024 U.S. National Economic Outlook and Multi-Suite Residential Rental Market Fundamentals Report, offering a comprehensive analysis and insights into the 2024 U.S. real estate market and economic landscape. The multi-suite residential rental market's rent growth will be modest in 2024 as demand falls short of new supply during the peak phase of the construction cycle. The U.S. economy is expected to expand at a relatively solid pace in the near term, in line with the accelerated economic growth observed in the second half of 2023. The resulting job growth and consumer confidence will support positive rental demand patterns in 2024.