Jerry sorry the picture is so small; I used the picture I put into Report Host report writer and it has to reduced. The home this is on is a frame home and I believe your description of how its applied is likely correct. This home was built in 1962, I don't know if your able see the fascia boards in the picture but they have stone on on them. It looks like they was a glue material that held them on, many are now coming off. The home is a foreclosure and was a mess. Didn't seem worth the $215,000 price, I don't care if its 300 feet from the lake. There were so many issues you may as well rebuild it.