Biodiversity conservation has been broadly recognized in multi-objective forest management over the past decade. Nevertheless, habitat serves as one of the key influencing factors of biodiversity; while timber production and habitat quality are integrated into forest management operations, our knowledge about the trade-offs between the two is still limited. Thus, we formulated a habitat suitability index model for the great spotted woodpecker (Dendrocopos major) and developed a forest planning model that integrated timber revenue and habitat quality for a forest landscape in northeast China. We created three alternative management strategies, which spanned from timber benefit maximization to various management strategies restricted to differing amounts of suitable habitat. The results show that when the amount of suitable habitat comprised 39% to 65% of the landscape, this generated a 40.7% to 74.4% reduction in the total net present value, in comparison with the timber benefit maximization base scenario. The restriction of suitable habitat amount demands significantly decreased the total timber benefit in spatial planning problems. Our planning model provides an efficient approach to learning more about the trade-offs between timber production and wildlife habitat. Furthermore, the consideration of optimal habitat protection rather than increased habitat amount could be helpful for balancing targeting strategies among ecological and economic factors.