Abstract: A decorative laminated building panel, usable for placement on an exterior surface of a building to improve the appearance thereof. The panel includes a foam core, a thin fabric mat attached to at least one surface of the foam core, and a durable material attached to the fabric mat with a binding agent. The durable material is intended to be used on an outward-facing surface of the panel, and may be selected from materials including stone, tile, and brick. Optionally, the panel may include a final finish covering the exposed exterior surface thereof, to give a more pleasing appearance. The panel is intended for a non load-bearing application, and the rear surface of the panel is preferred to be substantially cement-free, that is, free of Portland-type cement. Among other uses, panels according to the invention are suitable for use as exterior skirting material on manufactured homes.