A honeycomb panel structure for thermal and acoustic insulation and for load bearing capability has a honeycomb panel which comprises a honeycomb core laminated with two facing plates, and a pair of housings. Each housing has a channel to engage and support a edge of the honeycomb panel. A first neutral axis passes through the center of gravity of the honeycomb panel and extends in the direction of the panel. A second neutral axis passes through the centers of gravity of the housings and extends parallel to the first neutral axis. The first and second neutral axes are spaced apart in a vertical direction so that the structure has much higher flexural rigidity.