Despite the challenges of low inventory, rising home prices and some difficulties getting financing, Americans are finding ways to transition away from renting and make homeownership happen. The modest uptick in the homeownership rate in Q3 from Q2 was driven by almost 1 million new homeowner households created in the quarter, and a drop in renter households of more than 600,000 over the same time — the largest quarterly gain and drop, respectively, since 2001. Household formation overall was strong, rising 1 percent from a year ago. In September alone, the U.S. added more than 730,000 new households, and has added more than a million since last September. There has been a lot of hand wringing lately about the declining homeownership rate and slowing household formation rate, but this quarter’s data prove that homeownership is stabilizing and buying a home remains an important goal for millions of Americans.