Put another way, an Exterior Insulation Finishing System can be defined as an ideal energy-efficient thermal wrapping or facade insulation applied to the exterior surfaces of a building which is then finished with a long-life, decorative and protective wall coating that can be installed on any type of construction.
Since the 1990s, the majority of wood-framed buildings have used EIFS. The recommended system now includes a drainage plane to let water drain down and out from behind the cladding; this is in response to historical water infiltration problems that caused damage to buildings and resulted in costly legal cases.