No, the stucco is below the siding but only painted plywood behind it. Does not seem to be coming from under but this stuff has ruined the siding. I tried everything I have. The only thing that budged it was Xylol, a paint reducer, but it doesn't get it all. we're ok though, I also do remodeling and sold her a new siding job on two gabled ends. It's cheaper to her than me scrubbing for two days.