Authorities are halfway through fixing 80,000 earthquake-damaged Canterbury homes, the Government says.
Builders are completing 60 full home repairs each day on average.
In an update this morning, Canterbury Earthquake Recovery Minister Gerry Brownlee said greater Christchurch's 40,000th home had now been repaired - leaving EQC's project managed home repair programme with around 40,000 homes to go.
About 1800 full home repairs were being finished each month, Brownlee said.
This massive project involved 1300 contracting firms employing about 5000 tradesmen.
"We established the managed home repair programme in October 2010 to coordinate the delivery of quality home repairs and support confidence in the region's long term future," Brownlee said.
"This is being achieved, with Fletcher Construction winning a public tender to manage the programme, in doing so constraining cost inflation by setting a fair hourly rate for work while overseeing quality repairs.
"A major risk for Christchurch given the extent of residential damage was that confidence in the region's housing stock would fall in the wake of earthquakes.
"Instead, we've instilled confidence, housing values have been maintained, and we're working hard to address land and housing supply as Christchurch's population grows.
Brownlee said confidence in the city was very high with recent immigration data showing Christchurch had a net population gain of 2600 last month, compared with a net loss of 2500 in May 2012 - nearly 100 people a day.
"This delivers its own set of challenges, but they're better challenges than we'd have faced if we hadn't put responsible parameters around the repair of EQC clients' homes.
The Canterbury Home Repair Programme aimed to complete repairs of homes with the most severe damage by the end of this year, as well as repairing the homes of EQC's most vulnerable claimants.
Overall, the aim was to have completed most repairs by the end of 2014.
Should MPs be able to swear to uphold the principles of the Treaty?Related story: Oath wording strikes MP discord