Yes, agreed. The only issue I have here is about the contortion of language to support a particular philosophical viewpoint. If the phrase were 'the social construction of subjective reality', there would be no problem. Instead, this underhanded usage of 'reality' is an attempt to remove the distinction between objective and subjective reality. Not only does it do that functionally, but it was also promulgated by people who do not believe in the existence of an objective reality (comically, in part because of then-vogue linguistic theories and bad interpretations of quantum and relativity theories).