His comeback was The Visit in which he financed himself. So kudos. I'm sure this movie has a huge backend for him. He said lower budget is where he wants to be right now.
Blumhouse and him seem to make a very good combo.
He got ripped apart over all of his big budget stuff post-Signs, so no wonder he wants to keep a lower profile. Hopefully, M. Night has been properly humbled, because I do think that he is a decent film maker.