<b><b>Some analysts argue that the smaller quoted housebuilders are set to disappear. Steve Menary looks at the these firms, assesses their strategy for survival, their rationale for staying public and the role of the alternative investment markets</b></b><br><b>With Linden de-listing, Furlong bought by private rival Gladedale and Tay Homes taken out by Redrow, is there a future for small-to-medium sized housebuilders on the stock market?</b><br><b>This exodus of firms and the ongoing consolidation among the major firms has left the few remaining quoted small-cap housebuilders looking vulnerable.</b><br><b>But Andrew Wiseman, one half of the team behind Furlong, sees no reason for doom and gloom because within 18 months of selling that business for &amp;£23 million he was back on the markets.</b><br><b><b>why go public?</b></b><br> Last December, Wiseman and his partner James Furlong floated a new venture - Telford Homes - on the junior Alternative Investment Market (AIM).<p></p><p>&amp;“A lot of people said &amp;‘why on earth did you go public again&amp;’,&amp;” explains Wiseman, now Telford&amp;’s chief executive. &amp;“But we quite enjoyed creating a market for our shares last time and AIM has good tax breaks for investors. </p><p> &amp;“We thought it was appropriate to list because housebuilding is a very capital intensive business. We need the …