Andy Ross owns shares in Barratt Developments. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Andy Ross | Thursday, 9th July, 2020 | More on: BDEV “This Stock Could Be Like Buying Amazon in 1997” See all posts by Andy Ross Our 6 ‘Best Buys Now’ Shares Enter Your Email Address I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Simply click below to discover how you can take advantage of this. Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. The listed housebuilders were hit hard by the lockdown. Share prices fell sharply, including those of the biggest of the listed UK housebuilders – Barratt Developments (LSE: BDEV). Since those dark days of March, there has been some degree of recovery, but I think there’s still a long way to go. These are some of the reasons I’ve been optimistic enough to buy shares in Barratt Developments this week.Updates from the ChancellorOne of the immediate catalysts for buying the shares was the update from the Chancellor, Rishi Sunak. In what was termed a Summer Economic Update, the threshold for paying stamp duty on a property purchase in England and Northern Ireland was lifted from £125,000 to £500,000.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…It means from the time of the announcement (8 July 2020) until 31 March 2021, everyone buying a main home priced under £500,000 will pay no stamp duty at all. This should boost the market as it allows buyers to save thousands in tax.Improving outlookThe policy comes even as housebuilders were recovering from the impact of Covid-19. Sites have reopened and housebuilders were one of the first out of the gates as lockdown conditions were eased. Reservations are almost back at the same level as a year ago. The forward order book is actually up on where it was 12 months ago. It now stands at £3.2bn.Overall, I think the outlook for all the housebuilders, but especially Barratt, is improving. All this progress, of course, relies on lockdown continuing to ease and us not getting a second wave of the virus. If we avoid that I think the shares should do very well.Undervalued shares and a dividend return?That’s because shares in the housebuilders generally are undervalued, in part because of Brexit and the looming end of Help to Buy in 2021. But on a forward P/E of 10, I think the Barratt Developments share price is too cheap to ignore.I also think the dividend will be reinstated soon, which will boost the share price. It was cut as a measure to preserve cash at the height of the crisis. Now with furlough scheme cash getting closer to its end and interest in house purchasing picking up again, I think Barratt will want to reward shareholders again.The group has around £350m in cash so its finances are in good shape. This should also help it bounce back quickly as it can buy land or use the cash to reward investors.The combination of government support, an improving outlook for the industry and for Barratt specifically, along with the share price being cheap and the potential to reintroduce the dividend, all make me think the shares could rocket.The share price is still well down on where it started the year. I think there are plenty of reasons to believe it can grow strongly over the coming months. Why I’ve bought Barratt Developments shares Image source: Getty Images.