cloud-init-0.7.7 pre-networking error on CentOS 7

cloud-init[419]: Traceback (most recent call last):
cloud-init[419]: File "/usr/bin/cloud-init", line 625, in <module>
cloud-init[419]: sys.exit(main())
cloud-init[419]: File "/usr/bin/cloud-init", line 621, in main
cloud-init[419]: get_uptime=True, func=functor, args=(name, args))
cloud-init[419]: File "/usr/lib/python2.7/site-packages/cloudinit/util.py", line 2019, in log_time
cloud-init[419]: ret = func(*args, **kwargs)
cloud-init[419]: File "/usr/bin/cloud-init", line 451, in status_wrapper
cloud-init[419]: util.ensure_dirs((data_d, link_d,))
cloud-init[419]: File "/usr/lib/python2.7/site-packages/cloudinit/util.py", line 1355, in ensure_dirs
cloud-init[419]: ensure_dir(d, mode)
cloud-init[419]: File "/usr/lib/python2.7/site-packages/cloudinit/util.py", line 1390, in ensure_dir
cloud-init[419]: os.makedirs(path)
cloud-init[419]: File "/usr/lib/python2.7/site-packages/cloudinit/util.py", line 250, in __exit__
cloud-init[419]: self.selinux.restorecon(path, recursive=self.recursive)
cloud-init[419]: File "/usr/lib64/python2.7/site-packages/selinux/__init__.py", line 95, in restorecon
cloud-init[419]: for fname in fnames]), None)
cloud-init[419]: File "/usr/lib64/python2.7/posixpath.py", line 238, in walk
cloud-init[419]: func(arg, top, names)
cloud-init[419]: File "/usr/lib64/python2.7/site-packages/selinux/__init__.py", line 95, in <lambda>
cloud-init[419]: for fname in fnames]), None)
cloud-init[419]: File "/usr/lib64/python2.7/site-packages/selinux/__init__.py", line 85, in restorecon
cloud-init[419]: status, context = matchpathcon(path, mode)
cloud-init[419]: OSError: [Errno 2] No such file or directory
[[1;31mFAILED[0m] Failed to start Initial cloud-init job (pre-networking).
See 'systemctl status cloud-init-local.service' for details.