Interesting idea. But does a wooden structure, even if it is engineered, have the same lifespan of a concrete building? How does this affect prices, rent, management, maintenance of the buildings?
The problem nowadays is that we don't maintain stuff. It's sexier to rebuild it (at a much greater expense in resources). I don't see this changing unless we're getting too poor (not just in money, also in resources) to rebuild and have to repair.
Looking at pre-war the 1930s were great. Opulent homes with a high degree of finishing, including stained glass, beautiful mouldings, lots of wood finishing, en-suite doors.
And do people who have built their own house usually demolish it and move on after just 30-40 years? That's when you've just paid off your mortgage, heh.
At my parents' house, they just replaced the roof, which was well over 30 years old. The house itself is over 100 years old and completely fine to live in.