The following images are just one example of why the use of dry-vit (EIFS, fake stucco) is insidious and harmful.
This a condo conversion of a 1920s small apartment building in my streetcar suburb of Chicago.
The building was built with a nice yellow tone finished brick on the street sides of the building from foundation to parapet with nice simple limestone banding and lintels for accent.
Well, the developer comes along and covers the perfectly good brick of the ground floor with dry-vit of a beige (puke) color. The next photos show the crime almost complete.
I don't know the specific reasoning for the dry-vit, but I can't think of any good reason to cover the wonderful, good condition brick, and why spend the extra money for it.