I made updates based on the feedback.
One thing we do support on the home page but it doesn't appear to be used is to have featured projects. These could be large, popular, or other projects we want to highlight (it's useful in dev too!). I believe we should use that as that will make the home page feel more alive.
One concern I do have with this is that the search is below the fold on my laptop screen. Search is fairly important on this page although arguably not as important as login/signup or getting started. Currently ~7.5% of non-bouncing visitors do a search from this page.
While I think this homepage is bit better than the previous one, I also have some thoughts on how to objectively gauge that: