The housing crisis in the United States is getting blamed for everything financial these days and Qwest appears to have jumped on the finger-pointing bandwagon. A recent announcement that the company’s CFO has decided to resign also included a quiet statement that “business is slowing partly because of the housing crisis that is sapping demand for new hookups”.

A more direct profit loss for the company has come from the fact that Qwest buys the homes of top-level employees required to relocate and is unable to sell them for the same amount in today’s housing market. The company just reported a nearly two million dollar loss after the sale of CEO Ed Mueller’s home.

Qwest’s financial problems have caused predictions that the company is likely to face an acquisition in the near future. However, new reports say that there are a series of announcements to be released soon about Qwest’s plans for development. The company is actively “working with DirecTV, Microsoft and other partners on technology to help customers easily move video and other content between devices inside a home” and intends to demo its technology in the near future.