David, if you put several worksheets in a vertical floating container and set them to fit height or fit entire, any worksheet that doesn't have data will close up to its title bar. I haven't seen any good solution for 'data not available', but folks around here are fairly clever so someone might come up with something.
Apologies for necroing a 2 year old post but I had this question come up today so thought I'd post to the relevant thread here.
I've tried a few ideas for the data available message and it appears when the sheet is filtered to no records all my attempts end with the text "None".
In the attached workbook I took advantage of that to get a version of the No data available solution. If you click a bar (other than furniture) the red message should change to "None" available. If it's possible to reference "None" in a calc field then you could make it say anything you wanted but I don't think that's possible.
Workbook attached. Also includes technique Shawn referenced to hide a sheet.
Hide sheet.twbx 1,012.0 KB
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I was faced with a similar task and came up with the following solution. May not be the best but no programming hassel or performance issue from what I have tested. See the link to my public profile.
Hope this helps.