Command to change the default home directory of a user

Question

I would like to know whether there is any simple shell command to change the user home directory in Linux/Unix (one similar to chsh which changes the defaul

Answer 1

The accepted answer is faulty, since the contents from the initial user folder are not moved using it. I am going to add another answer to correct it:

sudo usermod -d /newhome/username -m username

You don't need to create the folder with username and this will also move your files from the initial user folder to /newhome/username folder.