In Mold, Housing and Wood, wood products experts at the Western Wood Products Association write:
Poor ventilation and/or air circulation combined with high indoor humidity from showers, cooking or other activities can result in condensation that promotes mold growth on cooler surfaces. Poorly insulated walls may also provide a surface for condensation and mold growth in buildings that do not have general humidity problems.
Surface moisture on unseasoned framing lumber, appearing as the wood dries, may create conditions for mold growth. However, once the moisture content of the wood falls below 20 percent, mold growth can no longer be supported. Depending on the climate, framing lumber will dry to below 20 percent moisture content during the construction and before the building is enclosed.
In instances where wood is chronically exposed to water, wood decay fungi can invade. Decay fungi can penetrate more deeply and attack the structural polymers in the fiber, reducing the strength of the wood.