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Ongoing military relocation boosting North Carolina economy

Many military families are moving near bases in North Carolina.

Many military families are moving near bases in North Carolina.

As the military's base relocation program continues across the country, officials in North Carolina say that the massive influx of workers coming into Camp Lejeune and Fort Bragg will be a major boost for the region's economy and housing market, StarNews reports.

One of the biggest moves will be the relocation of many officers from Fort McPherson in Georgia to Fort Bragg, which will bring thousands of new residents to the area when Fort McPherson officially closes next fall.

Local real estate agents said that families involved with a military relocation are most concerned about a number of factors, including their commutes and the quality of local school systems.

A former official for the Department of Defense told the paper that the relocation in the area will create $1.7 billion in disposable income by 2013. Scott Dorney, executive director of the N.C. Military Business Center, told the paper that the movement "is the equivalent of a corporate headquarters moving to North Carolina."

The local housing market is also gearing up for the move. StarNews also reports that many home builders in the area are buying up bank-owned home lots at low prices. Those low prices have allowed them to build relatively affordable homes - under $250,000 - in areas where that would have been impossible a few years ago.