It has been suggested that vintage, full dimension lumber is better for construction than modern nominal dimension lumber.
For the uninitiated: modern 2x4's are actually 1.5" by 3.5". Modern 2x12's are 1.5" by 11.25". Originally 2x4" lumber was rough cut green to these dimensions and ended up very slightly smaller after finishing and drying, but was still close to full dimension. Over the years, the lumber industry brought in kiln drying and different finishing techniques and the size got smaller and smaller. But also more standardized. Yes, obviously this was to sell smaller wood for a higher price on the part of the lumber suppliers. I'm not going to try to summarize the development of current lumber grading and standards, it's out there if you want to look at it.
Pro's of vintage lumber:
-Full dimension, larger cross section, more wood, more strength
-generally, cut from older growth timber, more likely to be straight grained, knot free
Con's of Vintage lumber:
-Often it's extremely dry. the resin is very hard so it can be hard to cut, nail. It may be prone cracking/hard to use.
-If you're adding to it or changing/renovating, you can't get the same thing easily due to smaller modern nominal sizes. you have to buy the next size up and rip it down, or otherwise adapt.
-the wood species may be naturally rot resistant but it will not be pressure treated.
-not always consistent in size or length.
-air dried and sometimes installed while too green.
Pro's of modern lumber:
-lighter, although species affects this greatly.
-drier when installed, modern kiln drying.
-more consistent in size and length- not just what the sawmill was running that day.
-more consistent grading - stud, #2, #3. you can get nice lumber where you need it (at high cost) and cheaper stuff where it doesn't show.
-more consistent species in a given pile of wood.
-bottom line, you can get it as nice or as crappy as you want, the price and availability will vary proportionally.
Con's of modern lumber:
-fast growth species dominate. smaller trees, more knots, more bad pieces of lumber in a pile. maybe more wane (bark). you can get appearance grade fir studs for an exposed application, but you're going to pay a heck of a lot.
-A given piece of wood may be weaker due to more knots, wider growth rings, defects, etc. however you have the assurance of statistically a given level of minimum strength due to grading practice.
If I'm building a house, the modern lumber is a better product - stronger end result due to consistency and qc. flatter walls. benefits of standardization of sizes with other building products. less waste. easier workability. lower cost. fewer splinters. If I'm renovating a really old wood framed structure, I'm happy to see those full dimension joists, etc. and I would keep as much as possible. The wood I took out I would keep for woodworking projects, remill into flooring, etc. never the burn pile. Building codes to this day allow you to calculate your joist spans based on actual size and species, modern dimensional is not required. Modern grading is required but your supplier can do that for you.
Interested in opinions, counterpoint, stories, etc.
There's not even a debate that sheet goods are way better than skip sheathing, let's not go there.