Vast majority of Americans not moving, plan to remodel

Vast majority of Americans not moving, plan to remodel

Lacking confidence in the housing market, most Americans are not moving this year. And since they’re stuck, most have some sort of home improvement project planned for 2012, according to a new survey.

The American Express Spending and Saving Tracker “Home Decision 2012” survey says that 10 percent of Americans – 23 million people – plan to move. Of these, 44 percent plan to buy a home and 42 percent say they will rent. As for the other 14 percent? Amex doesn’t say, but maybe mom and dad should clean out the basement.

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