Kurt, I was in a 5yr old homes basement last week where the approx. 4ft of the rear and part of both side walls were above grade. Cedar sided exterior. The plastic vapor barrier on the basement side was soaking wet against the fiberglass insulation. I pulled plastic loose, insulation was wet on the warm side and the cavity was dry. The insulation did not show a history of this having occurred in the past. Jim in Chicago Suburbs.