I was getting this issue a few days ago and I submitted the question to a few forums to ask.
After diagnosing and find out the reason, it seems the Windows update build #1067 has issues and when upgrading to it, it isn't compatible with my current apps and configurations.
According to a tip from this post, I have uninstalled the update (actually rollback the update) and svchost.exe is no longer hogging my CPU resource.
I would recommend you in the case of encountering the same issue like me, check whether you have recently installed any Windows updates or not.