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Faux stone is available in more colors and styles than natural stone.
Stacked Stone Veneer, Manufactured Stone, Manufactured Stone Veneer
Faux stone veneer is less expensive than using natural stone, about 1/3 to 1/2 the cost. It is also lighter, which can make it possible to use without the footings or structural needs that would be required to support the weight of full-sized stone. Faux stone is more porous than natural stone, and will absorb more water and transfer it to the wall being covered, which can lead to damage that would cost money to be repaired.
Costs vary greatly by region (and even by zip code). To get free estimates from local contractors, please indicate yours.