Wood is great but it's just one piece of the carbon footprint of a house. It just complements our not-so-green construction materials. Building low and spreading the population of large cities over 1-2 stories tall buildings is how massive swaths of land are no longer green but covered in asphalt, houses, and cars.
Wood burns more easily, it's much easier to damage by water, rot, and all kinds of infestations and pests that are very common in many areas, etc. and on top of that it's very hard to "manufacture". Widespread and extensive use of wood in home construction around the world and deforestation come hand in hand.
Steel, concrete, and brick are still required in volume for any building and to respect safety codes. More so in any dense and seismically active area.
> and of course sequester carbon in their wood.
Trees sequester carbon in their wood, in addition to many other benefits. :)
It took 150 years to come up with usable car batteries. Perhaps in time we'll come up with better building materials that truly sequester carbon either from manufacturing or by actively absorbing it. In the meantime there's no going around the fact that a larger home will have a larger carbon footprint. The average US home has 5 rooms and 170mp/1800sqft plus 300mp/3200sqft yard&all. Moving to timber frames and EVs doesn't compensate for the other choices.