yakster no beating here this forum is meant for exact questions like this. Most of the big boxes are spruce I believe. While this will work it's not the best of woods, first it's soft/not durable and second has a very open grain structure which tends to draw water in/expand and split. So if you did make lures out of it I would make sure that it's sealed very well.
You may have problems keeping paint on it also because of it's softness/water intrusion problems.
Woods that work well for lure building:
Poppers...
Red Cedar, Yellow Cedar, Port Orford Cedar, Pine, Poplar
Needles
Yellow/Red Birch, Maples both soft and hard, Mahogany (Most mahogany sold in the US is not Mahogany it's Meranti), Cedars can also be used by adding more lead.
Swimmers
Pine, Poplar, Birch, all the cedars listed above, Maples/Birches for divers.
There's lots more options out there too this is just a rough list for you of stuff that works.