Not completely accurate, you can harvest and use the wood too, but true you cannot burn it.
https://www.fs.usda.gov/ccrc/topics/carbon-benefits-wood-bas....
https://www.fs.usda.gov/ccrc/topics/carbon-benefits-wood-bas....
(1) building burns (2) building is torn down and wood rots (3) building eventually collapses and wood rots
i.e. if you don't bury it, it eventually returns into the carbon cycle