PS The OFHEO numbers also only pick up single family homes, not Condos...which often do worse than SFHs. In short, the OFHEO tends to distort housing prices to the upside. Or in the words of housing economist Thomas Lawler "...there's a growing view that this index (OFHEO)...doesn't reflect what's really going on with home prices."
I like the OFHEO numbers because they track the SAME houses period to period, so there should be little price distortion related to the changing MIX of houses sold, month to month.
Nevertheless, as an "agreeable person", I'll certainly consider any index that you recommend.
I doubt that you know any words that rhyme with OFHEO, anyway...