yes most definilty it's Homes clad with EIFS (Exterior Insulation and Finish Systems) a.k.a. synthetic stucco have a very strong tendency to retain moisture between the sheathing of the home and the finish system. The design of EIFS, unlike other systems (brick, stone, siding, etc.), does not allow the moisture to drain out. The moisture can sit in contact with the sheathing for a prolonged period and rotting may result. Damage can be serious. Left unchecked, it can affect the structural components of the home. This is also an open invitation to termites .EIFS homes cannot be made "water proof", even by "professional" caulking applicators. All caulk joints fail, even those made under laboratory conditions by EIFS industry engineers. No residential windows are waterproof, they are designed and manufactured to a water-resistant standard. Some water will always find a way in. When it can't get out you have a problem . This happens in EIFS buildings .EIFS homes built before 1997 have a 90%+ chance of having moisture intrusion problems. EIFS homes built since 1997 may have a reduced chance of moisture intrusion, but are not immune.
There are few, if any, visual clues to the problem. It is behind the walls of the home.