Packaging for Win32 fails on Visual Studio version 15.7.1 with multiple unable to find mspdbcore.dll errors

This did not reproduce with Microsoft Visual Studio version 15.6.2 at the same CL in //UE/Main. Only occurred after I updated from 15.6.2 to 15.7.1.

Setup:
Have Visual Studio 2017 version 15.7.1 on your machine

Repro:

1. Create a code first person template project
2. In VS2017, build the project's editor
3. Open the project in the editor
4. Package a development build of the project for the Win32 platform

Result:
Project fails during the build phase with multiple errors similar to

ATHelper: Packaging (Windows (32-bit)):   Error executing C:\Program Files (x86)\Microsoft Visual Studio\2017\Professional\VC\Tools\MSVC\14.14.26428\bin\HostX64\x86\cl.exe (tool returned code: 2)
UATHelper: Packaging (Windows (32-bit)):   PCH.CoreUObject.cpp
UATHelper: Packaging (Windows (32-bit)):   c1xx: fatal error C1356: unable to find mspdbcore.dll

Expected:
Project packages a Win32 development build successfully