Just a couple of points. Since these 2 species are what most people end up with, I thought a little more detail might be appropriate. Use anything you like and dump the rest :-)
Basically the Christmas tree, Picea abies. Mainly used for 150mm x 25mm flooring because it is reputed to be more stable than redwood, and is a good deal cheaper. Its use in other fields is restricted commercially because a) it has a woolly structure and is difficult to machine to a fine finish, b) it dulls cutters, and c) the knots are unstable. However, the better grades are uniform, virtually knot-free, and useful where a pale colour is required without the obtrusive orange look of redwood. An underrated timber for interior work IMO.
Redwood (European redwood, Scots Pine) *should* always be pinus sylvestris. It forms 90% of the stock of most timber merchants, including the vast majority of mouldings, architrave, skirting etc. Quality (and price) depends on how far north it's grown and, since the average customer has no way of assessing this, using a reputable merchant is the only guide. All redwood is "kiln dried", that is to say it's dried at source to an
*average* moisture content of 17% ("shipping dry") to prevent blue stain and other fungal infections. Technically this makes it unsuitable for interior work in a modern, centrally heated house where a content of 10% or less would be more appropriate. Leaving it in the building to acclimatise is obviously recommended but the drying out doesn't happen quickly. Depending on the amount of material, it can take several weeks for, say, floorboards to reduce across the width.Buying either of these species from the sheds isn't recommended. In the case of whitewood I'm not even sure they haven't discovered some new, truly appalling species that they're allowed to call "whitewood". I'm a real cheapskate but shed timber represents poor value compared to a pukka merchant IME. Also, the likes of B&Q simply don't have the facilities to store timber, which should be kept under cover but in outdoor conditions. The shrink wrap compromise doesn't seem to work very well.