I hate to give you such a stereotypical answer but I have had a Patagonia rain jacket for years and it's been delightful. It has a hood, it's this one, though not exactly.
I was about to make a similar comment about a North face rain jacket I'm happy with. I think the common thread is attention to certain details that cheaper brands might not bother wasting money on. Also fit. I've found that a good fit is more important to a rain jacket with a hood (especially the fit of the hood and shoulders) than anything else.