> When a mature tree is cut down, a new one can be planted to replace it,
Again, expert carpenters could correct me if I am wrong, but the higher quality desired wood is called "old wood" some of which is over one hundred years old. You can't just snap your fingers, plant a field of trees and expect that to be ready in time to meet a surge of demand. The stuff is already extremely hard to come by -- you ain't gonna find it on the shelf in any big box store.
The vast majority of the stuff used today is "new wood", cultivated to grow as fast as possible, so the wood is not as dense and, as a result, weaker and more susceptible to decay and instability. Not exactly what I would want my skyscraper built out of.
I am assuming the author was considering composites and manufactured wood products as well -- again, these have not been proven to be as structurally sound as old wood over time.
Then the other factor in play here is the increased demand in logging. Logging is one of the most dangerous jobs on the planet. You would technically be requiring more loggers, thus causing more logging deaths.
Not so sure this is such a good idea, but I could be wrong.