We show that the problem of constructing tree-structured descriptions of data layouts that are optimal with respect to space or other criteria from given sequences of displacements, can be solved in polynomial time. The problem is relevant for efficient compiler and library support for communication of noncontiguous data, where tree-structured descriptions with low-degree nodes and small index arrays are beneficial for the communication soft- and hardware. An important example is the Message-Passing Interface (MPI) which has a mechanism for describing arbitrary data layouts as trees using a set of increasingly general constructors. Our algorithm shows that the so-called MPI datatype reconstruction problem by trees with the full set of MPI constructors can be solved optimally in polynomial time, refuting previous conjectures that the problem is NP-hard. Our algorithm can handle further, natural constructors, currently not found in MPI. Our algorithm is based on dynamic programming, and requires the solution of a series of shortest path problems on an incrementally built, directed, acyclic graph. The algorithm runs in $O(n^4)$ time steps and requires $O(n^2)$ space for input displacement sequences of length $n$.