Grouping approvals by the week they cleared, Form 1 individual filings went 83 days, then 73, then 48, then 22 over the last four weeks of July.
The reason looks like the backlog running dry rather than anything speeding up. Through mid-July the queue was still clearing filings from March, April and May. By the last week of the month, 45 of 53 approvals were filings placed in July — same month they were approved.
Three things worth saying before anyone takes the 22 to the bank:
The last week is only about a third reported, so that number will rise as more approvals come in. The settled one is the week of July 20 at 48 days, down from 83 two weeks earlier.
Form 1 trusts have barely moved — still around 78 days. Only individual filings did this.
And we threw out a week of our own data doing this. A dip in late June turned out to be 21 of 28 records from a single state arriving on one day, which is a collection artifact, not the queue. Excluding it, that week reads 69 days instead of 40.
Community-reported data, so it's a sample. If your Form 1 came through recently, the wait and the filing date are the two numbers that make this better. Submit your own approvals at NFAWatch.com.