Not all forest land is suitable for logging is it? It’s nominally forest, but I can tell you from personal knowledge that the So Cal forests don’t all have trees which are suitable for wood products or pulp. Your comment may have validity in some places, but certainly not all of the intermountain west which is were the problem exists. Some positive effect - yes, but not a panacea.
One of the high cost of housing, and it is still high regardless of any bubble that burst, is the cost of importing lumber and the scarcity of it, not to mention the quality.