The TV show This Old House had an eppisode about using a pressure washer on a house with wood lap siding. They used the pressure washer on the walls, soffits, around the windows and basically the entire side of the house that they where working on. Then they came back two months later and cut open the walls. The black mold was everywhere and when they opened up the soffit, they found that the insulation was still wet.
I've been remodeling and repairing homes full time since 2002 and I've seen the back sides of sheetrock inside of an interior wall that you could see the pattern of the bricks in dirt. If air can get though bricks to the point that dust builds up in the brick patter on the sheetrock, after going through insulation, then a pressure washer is going to get water into a house where you don't want it.
From what I understand, a house is built to withstand 40 mph winds and anything above that will get through or damage the house. It is also designed to shed water that falls from above, not forced onto it from below. I would never pressure wash a house. <snip>