Wait times are improving for first passports. They were 16 weeks at one point, then dropped to 10 weeks, and now at 5 weeks.
When you apply, after your application is approved you have THREE MONTHS to attend a citizenship ceremony. So you can really time that ceremony date around travel and it’s likely passport times will continue to reduce. I wouldn’t be surprised if you applied now, that first passport applications are back to a one week processing time when you are able to apply.